Document:

ppl-6302022_ex4a1

EXECUTION COPY  THE NARRAGANSETT ELECTRIC COMPANY  and  THE BANK OF NEW YORK MELLON,  Trustee  INDENTURE  Dated as of March 22, 2010  DEBT SECURITIES  068301-0006-10016-Active.11878565.5  

 

Table of Contents  Page  ARTICLE 1 DEFINITIONS .................................................................................................... 1  SECTION 1.1 CERTAIN TERMS DEFINED ......................................................................... 1  ARTICLE 2 SECURITY FORMS ........................................................................................... 9  SECTION 2.1 FORMS GENERALLY .................................................................................. 9  SECTION 2.2 FORM OF TRUSTEE'S CERTIFICATE OF AUTHENTICATION ............................ 9  SECTION 2.3 FORM OF CERTIFICATE OF AUTHENTICATION BY AN AUTHENTICATING  AGENT ................................................................................................... 10  SECTION 2.4 SECURITIES ISSUABLE IN THE FORM OF GLOBAL SECURITIES .................... 10  ARTICLE 3 THE SECURITIES ........................................................................................... 12  SECTION 3.1 AMOUNT UNLIMITED; ISSUABLE IN SERIES .............................................. 12  SECTION 3.2 FORM, DENOMINATIONS AND CURRENCIES .............................................. 15  SECTION 3.3 AUTHENTICATION, DATING AND DELIVERY OF SECURITIES ...................... 15  SECTION 3.4 EXECUTION OF SECURITIES ..................................................................... 17  SECTION 3.5 CERTIFICATE OF AUTHENTICATION ......................................................... 18  SECTION 3.6 REGISTRATION, TRANSFER AND EXCHANGE ............................................ 18  SECTION 3.7 MUTILATED, DESTROYED, LOST AND STOLEN SECURITIES ....................... 19  SECTION 3.8 PAYMENT OF INTEREST; INTEREST RIGHTS PRESERVED ............................ 20  SECTION 3.9 CANCELLATION OF SECURITIES; DESTRUCTION THEREOF ......................... 21  SECTION 3.10 TEMPORARY SECURITIES ......................................................................... 22  SECTION 3.11 COMPUTATION OF INTEREST .................................................................... 22  SECTION 3.12 CUSIP NUMBERS ................................................................................... 22  ARTICLE 4 COVENANTS OF THE COMPANY ............................................................... 22  SECTION 4.1  SECTION 4.2  SECTION 4.3  SECTION 4.4  SECTION 4.5  SECTION 4.6  SECTION 4.7  SECTION 4.8  PAYMENT OF SECURITIES ........................................................................ 23  OFFICES OR AGENCY .............................................................................. 23  MONEY FOR SECURITIES PAYMENTS TO BE HELD IN TRUST ..................... 24  [RESERVED.] .......................................................................................... 25  [RESERVED.] .......................................................................................... 25  [RESERVED.] .......................................................................................... 25  CORPORATE EXISTENCE .......................................................................... 25  WAIVER OF CERTAIN COVENANTS .......................................................... 25  SECTION 4.9 CERTIFICATES TO TRUSTEE ..................................................................... 26  SECTION 4.10 CALCULATION OF ORIGINAL ISSUE DISCOUNT ......................................... 26  SECTION 4.11 WAIVER OF USURY, STAY OR EXTENSION LAWS ...................................... 26  -1- 068301-0006-1001 6-Active.l 1878565.5  

 

Table of Contents  (continued)  Page  ARTICLE 5 SECURITYHOLDER LISTS AND REPORTS BY THE COMPANY  AND THE TRUSTEE ............................................................................................................. 27  SECTION 5 .1 COMPANY TO FURNISH TRUSTEE INFORMATION AS TO NAMES AND  SECTION 5.2  SECTION 5.3  ADDRESSES OF SECURITYHOLDERS ......................................................... 27  PRESERVATION AND DISCLOSURE OF SECURITYHOLDER LISTS ................. 27  REpORTS BY THE COMPANY .................................................................... 27  SECTION 5.4 REpORTS BY THE TRUSTEE ...................................................................... 28  ARTICLE 6 REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON  EVENT OF DEFAULT .......................................................................................................... 28  SECTION 6.1  SECTION 6.2  SECTION 6.3  SECTION 6.4  SECTION 6.5  SECTION 6.6  EVENT OF DEFAULT DEFINED; ACCELERATION OF MATURITY; WAIVER OF  DEFAULT ................................................................................................ 28  COLLECTION OF INDEBTEDNESS BY TRUSTEE; TRUSTEE MAy PROVE  DEBT ...................................................................................................... 31  APPLICATION OF PROCEEDS .................................................................... 32  SUITS FOR ENFORCEMENT ....................................................................... 33  RESTORATION OF RIGHTS ON ABANDONMENT OF PROCEEDINGS .............. 33  LIMITATIONS ON SUITS BY SECURITYHOLDERS ........................................ 33  SECTION 6.7 UNCONDITIONAL RIGHT OF SECURITYHOLDERS TO INSTITUTE CERTAIN  SUITS ..................................................................................................... 34  SECTION 6.8 POWERS AND REMEDIES CUMULATIVE; DELAY OR OMISSION NOT  WAIVER OF DEFAULT ............................................................................. 34  SECTION 6.9 CONTROL BY HOLDERS OF SECURITIES .................................................... 35  SECTION 6.1 0 WAIVER OF PAST DEFAULTS ................................................................... 35  SECTION 6.11 TRUSTEE TO GIVE NOTICE OF DEFAULT, BUT MAy WITHHOLD IN CERTAIN  CIRCUMSTANCES .................................................................................... 36  SECTION 6.12 RIGHT OF COURT TO REQUIRE FILING OF UNDERTAKING TO PAY COSTS ... 36  ARTICLE 7 CONCERNING THE TRUSTEE ..................................................................... 36  SECTION 7.1 DUTIES AND RESPONSIBILITIES OF THE TRUSTEE; DURING DEFAULT;  PRIOR TO DEFAULT ................................................................................. 36  SECTION 7.2 CERTAIN RIGHTS OF THE TRUSTEE .......................................................... 38  SECTION 7.3 TRUSTEE NOT RESPONSIBLE FOR RECITALS, DISPOSITION OF SECURITIES  OR APPLICATION OF PROCEEDS THEREOF ................................................ 40  SECTION 7.4 TRUSTEE AND AGENTS MAY HOLD SECURITIES; COLLECTIONS, ETC. ....... 40  SECTION 7.5 MONEYS HELD BY TRUSTEE .................................................................... 40  SECTION 7.6 COMPENSATION AND INDEMNIFICATION OF TRUSTEE AND ITS PRIOR  CLAIM .................................................................................................... 40  SECTION 7.7 RIGHT OF TRUSTEE TO RELY ON OFFICER'S CERTIFICATE, ETC ................. 41  SECTION 7.8 QUALIFICATION OF TRUSTEE; CONFLICTING INTERESTS ........................... 41  -11- 068301-0006-10016-Active.11878565.5  

 

Table of Contents  (continued)  Page  SECTION 7.9 PERSONS ELIGIBLE FOR APPOINTMENT AS TRUSTEE ................................. 41  SECTION 7.10 RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR TRUSTEE .... 42  SECTION 7.11 ACCEPTANCE OF APPOINTMENT BY SUCCESSOR TRUSTEE ........................ 43  SECTION 7.12 MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS OF  TRUSTEE ................................................................................................ 44  SECTION 7.13 PREFERENTIAL COLLECTION OF CLAIMS AGAINST THE COMPANY ............ 44  SECTION 7.14 AUTHENTICATING AGENT ....................................................................... 48  ARTICLE 8 CONCERNING THE HOLDERS OF SECURITIES ..................................... 49  SECTION 8.1  SECTION 8.2  SECTION 8.3  SECTION 8.4  ACTION BY HOLDERS .............................................................................. 49  PROOF OF EXECUTION OF INSTRUMENTS BY HOLDERS OF SECURITIES ...... 49  HOLDERS TO BE TREATED AS OWNERS .................................................... 50  SECURITIES OWNED BY COMPANY DEEMED NOT OUTSTANDING .............. 50  SECTION 8.5 RIGHT OF REVOCATION OF ACTION TAKEN .............................................. 51  ARTICLE 9 HOLDERS' MEETINGS .................................................................................. 51  SECTION 9.1 PURPOSES OF MEETINGS ............... . . ............................................. 51  SECTION 9.2  SECTION 9.3  SECTION 9.4  SECTION 9.5  SECTION 9.6  SECTION 9.7  CALL OF MEETINGS BY TRUSTEE ............................................................. 52  CALL OF MEETINGS BY COMPANY OR HOLDERS ...................................... 52  QUALIFICATIONS FOR VOTING ................................................................. 52  REGULATIONS ........................................................................................ 52  VOTING .................................................................................................. 53  No DELAY OF RIGHTS BY REASON OF MEETING ...................................... 54  ARTICLE 10 SUPPLEMENTAL INDENTURES ................................................................ 54  SECTION 10.1 SUPPLEMENTAL INDENTURES WITHOUT CONSENT OF SECURITYHOLDERS. 54  SECTION 10.2 SUPPLEMENTAL INDENTURES WITH CONSENT OF SECURITYHOLDERS ...... 55  SECTION 10.3 NOTICE OF SUPPLEMENTAL INDENTURE ................................................... 57  SECTION 10.4 EFFECT OF SUPPLEMENTAL INDENTURE ................................................... 57  SECTION 10.5 DOCUMENTS To BE GIVEN TO TRUSTEE .................................................. 57  SECTION 10.6 NOTATION ON SECURITIES IN RESPECT OF SUPPLEMENTAL INDENTURES .. 57  ARTICLE 11 CONSOLIDATION, AMALGAMATION, MERGER OR SALE ................ 57  SECTION 11.1 COMPANY MAY MERGE, CONSOLIDATE, ETC., ONLY ON CERTAIN TERMS.57  SECTION 11.2 [RESERVED.] .......................................................................................... 58  SECTION 11.3 SUCCESSOR PERSON SUBSTITUTED .......................................................... 58  ARTICLE 12 SATISFACTION AND DISCHARGE OF INDENTURE,  DEFEASANCE, UNCLAIMED MONEyS ........................................................................... 58  -111- 068301-0006-10016-Active.11878565.5  

 

Table of Contents  ( continued)  Page  SECTION 12.1 SATISFACTION AND DISCHARGE OF SECURITIES OF ANy SERIES ............... 58  SECTION 12.2 LEGAL DEFEASANCE AND COVENANT DEFEASANCE ................................ 60  SECTION 12.3 APPLICATION OF TRUST MONEy .............................................................. 63  SECTION 12.4 REPAYMENT OF MONEYS HELD BY PAYING AGENT ................................. 64  SECTION 12.5 RETURN OF UNCLAIMED MONEYS HELD BY TRUSTEE AND PAYING AGENT. 64  ARTICLE 13 MISCELLANEOUS PROVISIONS ............................................................... 64  SECTION 13.1 No PERSONAL LIABILITY OF DIRECTORS, OFFICERS, EMPLOYEES AND  STOCKHOLDERS ...................................................................................... 64  SECTION 13.2 PROVISIONS OF INDENTURE FOR THE SOLE BENEFIT OF PARTIES AND  HOLDERS ................................................................................................ 65  SECTION 13.3 SUCCESSORS AND ASSIGNS OF COMPANY BOUND BY INDENTURE ............. 65  SECTION 13.4 NOTICES TO HOLDERS; WAIVER .............................................................. 65  SECTION 13.5 ADDRESSES FOR NOTICES ....................................................................... 65  SECTION 13.6 OFFICER'S CERTIFICATES AND OPINIONS OF COUNSEL; STATEMENTS TO  BE CONTAINED THEREIN ......................................................................... 66  SECTION 13.7 SEPARABILITY CLAUSE ........................................................................... 67  SECTION 13.8 LEGAL HOLIDAYS ................................................................................... 67  SECTION 13.9 CONFLICT OF ANy PROVISION OF INDENTURE WITH TRUST INDENTURE  ACT ........................................................................................................ 67  SECTION 13.10GOVERNINGLAW ................................................................................... 67  SECTION 13.11 SUBMISSION TO JURISDICTION; WAIVER OF JURY TRIAL ........................... 67  SECTION 13.12No SECURITY INTEREST CREATED .......................................................... 68  SECTION 13.13FoRCEMAJEURE .................................................................................... 68  SECTION 13. 14 COUNTERPARTS ...................................................................................... 68  SECTION 13.15EFFECT OF HEADINGS ............................................................................. 68  ARTICLE 14 REDEMPTION OF SECURITIES ................................................................ 69  SECTION 14.1 APPLICABILITY OF ARTICLE ......................... . . .............................. 69  SECTION 14.2 NOTICE OF REDEMPTION; SELECTION OF SECURITIES ............................... 69  SECTION 14.3 PAYMENT OF SECURITIES CALLED FOR REDEMPTION ............................... 70  -lV- 068301-0006-10016-Active.11878565.5  

 

The Narragansett Electric Company  *Reconciliation and tie between Trust Indenture Act of 1939, as amended by the  Trust Indenture Reform Act of 1990, and Indenture, dated as of March 22,2010.  Section of the  Trust Indenture Act of 1939 Section of Indenture  31O(a)(1), (2) and (5)................................................ 7.9  310(a)(3) and (4) ...................................................... Inapplicable  310(b)....................................................................... 7.8 and 7.10(a)and(b)  311(a)....................................................................... 7.13(a) and (c) (i) and (ii)  311(b)....................................................................... 7.13(b)  312(a)....................................................................... 5.1 and 5.2(a)  312(b )....................................................................... 5.2(b)  312(c)....................................................................... 5.2(b)  313(a)....................................................................... 5.4(a)  313(b)(1) .................................................................. Inapplicable  313(b)(2).................................................................. 5.4(a)  313(c)....................................................................... 5.4(a)  313(d)....................................................................... 5.4(b)  314(a) ....................................................................... 4.9and5.3  314(b)....................................................................... Inapplicable  314(c)(1) and (2) ...................................................... 13.6  314(c)(3) .................................................................. Inapplicable  314(d)....................................................................... Inapplicable  314(e)....................................................................... 13.6  315(a), (c) and (d)..................................................... 7.1  315(b) ....................................................................... 6.11  315(e)....................................................................... 6.12  316(a)(1) .................................................................. 6.9and6.10  316(a)(2) .................................................................. Inapplicable  316(a) (last sentence)................................................ 8.4  316(b)....................................................................... 6.7  316(c)....................................................................... 8.1  317(a)....................................................................... 6.2  317(b )....................................................................... 4.2 and 4.3  318(a)....................................................................... 13.9  * This reconciliation and tie shall not, for any purpose, be deemed to be part of the  Indenture or to have any bearing upon the interpretation of any of its terms or  provisions.  068301-0006-10016-Active.11878565.5  

 

INDENTURE, dated as of March 22,2010, between The Narragansett Electric  Company, a Rhode Island company (the "Company"), and The Bank of New York Mellon, a  New York banking corporation duly organized and existing under the laws of the State of New  York (the "Trustee").  Recitals of the Company  The Company has duly authorized the execution and delivery of this Indenture  to provide for the issuance from time to time of its notes, debentures or other evidences of its  unsecured indebtedness (collectively, the "Securities"), to be issued in one or more series,  authenticated and delivered, as in this Indenture provided.  All things necessary have been done to make this Indenture a valid and legally  binding agreement of the Company, in accordance with its terms.  NOW, THEREFORE, THIS INDENTURE WITNESSETH:  For and in consideration of the premises and the purchase of the Securities by  the Persons acquiring the same, it is mutually covenanted and agreed, for the equal and  proportionate benefit of all Holders of the Securities or of the Securities of any series, without  giving any priority of anyone Security or series over any other, except as otherwise expressly  provided herein, as follows:  ARTICLE 1  DEFINITIONS  Section 1.1 Certain Terms Defmed.  The following terms (except as otherwise expressly provided or unless the context  otherwise clearly requires) for all purposes of this Indenture, including any indenture  supplemental hereto, have the respective meanings specified in this Section. All other terms  used herein which are defined in the Trust Indenture Act, either directly or by reference therein,  have the meanings assigned to them therein. The words "herein," "hereof' and "hereunder"  and other words of similar import refer to this Indenture as a whole and not to any particular  Article, Section or other subdivision. All references herein to "Articles" or other subdivisions  are to the corresponding Articles or other subdivisions of this Indenture. The terms defined in  this Article have the meanings assigned to them in this Article and include the plural as well as  the singular.  "Affiliate" of any specified Person means any other Person directly or indirectly  controlling or controlled by or under direct or indirect common control with such specified  Person. For the purposes of this definition, "control" (including, with correlative meanings, the  terms "controlling", "controlled by" and "under common control with"), as used with respect to  any Person, shall mean 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 agreement or otherwise.  068301·0006·10016·Active.11878565.5  

 

"Authenticating Agent" means, with respect to any series of Securities, any  authenticating agent appointed by the Trustee, with respect to that series of Securities, pursuant  to Section 7.14.  "Authorized Newspaper" means a newspaper or financial journal printed in the  English language, customarily published at least once a day, and customarily published for at  least five days in each calendar week, whether or not published on days that are legal holidays  and of general circulation; or, in the alternative, shall mean such form of communication as  may have come into general use for the dissemination of information of import similar to that  of the information specified to be published by the provisions hereof. Whenever successive  publications are required or authorized to be made in Authorized Newspapers, the successive  publications may be made (unless otherwise expressly provided herein) in the same or different  newspapers meeting the foregoing requirements and in each case on any Business Day. In  case, by reason of the suspension of publication of any Authorized Newspaper, or for any other  cause, it shall be impractical without unreasonable expense to make pUblication of any notice in  an Authorized Newspaper as required by this Indenture, then such method of publication or  notification as shall be made with the approval of the Trustee shall be deemed the equivalent of  the required pUblication of such notice in an Authorized Newspaper.  "Bankruptcy Law" means Title 11 of the U.S. Code or any similar federal or  state law for the relief of debtors.  "Board of Directors" means either the board of directors of the Company or any  committee of such Board of Directors or Officer duly authorized to act with respect to a  particular matter on behalf of the Board of Directors.  "Board Resolution" means a copy of a resolution certified by the secretary, any  assistant secretary or any director of the Company to have been duly adopted by the Board of  Directors and to be in full force and effect on the date of such certification, and delivered to the  Trustee.  "Business Day," when used with respect to any Place of Payment or any other  location specified in the Securities or this Indenture, means each Monday, Tuesday,  Wednesday, Thursday and Friday which is not a day on which banking institutions in that Place  of Payment or location are generally authorized or obligated by law, regulation or executive  order to close, except as may be otherwise specified as contemplated by Section 3.1 (x).  "Capital Stock" means:  (1) in the case of a corporation, corporate stock;  (2) in the case of an association or business entity, any and all shares, interests,  participations, rights or other equivalents (however designated) of corporate stock;  (3) in the case of a partnership or limited liability company, partnership or  membership interests (whether general or limited); and  -2- 068301·0006·10016-Active.11878565.5  

 

(4) any other interest or participation that confers on a Person the right to receive  a share of the profits and losses of, or distributions of assets of, the issuing Person  "Code" means the Internal Revenue Code of 1986, as amended, or any successor  thereto.  "Common Stock" means Capital Stock of any class or classes (however  designated) which has no preference as to the payment of dividends, or as to the distribution of  assets upon any voluntary or involuntary liquidation or dissolution of the issuing Person, and  which is not subject to redemption by the issuing Person.  "Company Order" and "Company Request" mean a written order or request  signed in the name of the Company by an Officer and delivered to the Trustee.  "Conversion Event" means the cessation of use of (i) a Foreign Currency both  by the government of the country or the confederation which issued such Foreign Currency and  for the settlement of transactions by a central bank or other public institutions of or within the  international banking community or (ii) any currency unit or composite currency for the  purposes for which it was established.  "Corporate Trust Office" means the principal office of the Trustee at which at  any particular time its corporate trust business shall be administered, which office, on the date  of original execution of this Indenture, is located at The Bank of New York Mellon, Corporate  Trust Services, One Canada Square, London E14 5AL, United Kingdom, Fax: +44-(0)20-7964- 2536, Attention: Corporate Trust Services, with a copy to: The Bank of New York Mellon,  Global Trust Services, 101 Barclay Street, New York, New York, Fax: (212) 815-5366 or at  any other time at such other address as the Trustee may designate from time to time by notice  to the parties hereto, or at the principal corporate trust office of any successor trustee as to  which such successor trustee may notify the parties hereto in writing.  "Covenant Defeasance" has the meaning specified in Section 12.2.  "Default" means any event that is, or with the passage of time or the giving of  notice or both would be, an Event of Default.  "Depository" means, with respect to the Securities of any series or any Tranche  thereof, unless otherwise specified in the applicable supplemental indenture, which, in  accordance with the determination of the Company, will be issued in whole or in part in the  form of one or more Global Securities, The Depository Trust Company, New York, New York,  another clearing agency or any successor registered under the Exchange Act, or other  applicable statute or regulation, which, in each case, shall be designated by the Company  pursuant to either Section 2.4 or Section 3.1. If at any time there is more than one such Person,  "Depository" as used with respect to the Securities of any such series or Tranche thereof means  each Depository with respect to the Securities of that series or Tranche.  "Exchange Act" means the Securities Exchange Act of 1934, as amended, and  the rules and regulations of the SEC promulgated thereunder.  -3- 068301-0006-10016-Active.11878565.5  

 

"Event of Default" means any event or condition specified as such in  Section 6.1.  "Foreign Currency" means any currency, currency unit or composite currency,  including, without limitation, pounds sterling and the euro, issued by the government of one or  more countries, other than the United States of America, or by any recognized confederation or  association of such governments.  "GAAP" means generally accepted accounting principles in the United States.  "Global Security" means, with respect to all or any part of any series of  Securities, a temporary or permanent Security executed by the Company and authenticated and  delivered by the Trustee to the Depository or pursuant to the Depository's instruction, all in  accordance with this Indenture and pursuant to a Company Order, which shall be registered in  the name of the Depository or its nominee and the ownership of which will be registered in a  "book-entry" or other system maintained by the Depository.  "Government Securities" means securities that are:  (a) direct obligations of the United States of America for the timely payment of  which its full faith and credit is pledged; or  (b) obligations of a Person controlled or supervised by and acting as an agency or  instrumentality ofthe United States of America the timely payment of which is unconditionally  guaranteed as a full faith and credit obligation by the United States of America,  which, in either case, are not callable or redeemable at the option of the issuers thereof, and  shall also include a depository receipt issued by a bank (as defined in Section 3(a)(2) of the  Securities Act), as custodian with respect to any such Government Securities or a specific  payment of principal of or interest on any such Government Securities held by such custodian  for the account of the holder of such depository receipt; provided that (except as required by  law) such custodian is not authorized to make any deduction from the amount payable to the  ho lder of such depository receipt from any amount received by the custodian in respect of the  Government Securities or the specific payment of principal of or interest on the Government  Securities evidenced by such depository receipt.  "guarantee" means a guarantee (other than by endorsement of negotiable  instruments for collection in the ordinary course of business), direct or indirect, in any manner  (including letters of credit and reimbursement agreements in respect thereof), of all or any part  of any Indebtedness or other obligations and, when used as a verb, shall have corresponding  meamng.  "Holder" and "Securityholder" mean, with respect to a Security, the Person in  whose name such Security is registered in the Securities Register (which terms, in the case of a  Global Security, mean the Depository, notwithstanding that the Depository maintains a "book­ entry" or other system for identification of ownership in respect of such Global Security).  -4- 068301·0006-10016-Active.11878565.5  

 

The term "include" (and other forms of such term) means "include, without  limitation. "  "Indebtedness" means, with respect to any Person, without duplication, any  indebtedness of such Person in respect of borrowed money evidenced by bonds, notes,  debentures or similar instruments.  "Indenture" means this instrument as originally executed and delivered or, if  amended or supplemented as herein provided, as so amended or supplemented, and includes the  forms and terms of particular series of Securities established as contemplated hereunder.  The term "interest" means, with respect to any Original Issue Discount Security  which by its terms bears interest only after Maturity, interest payable after Maturity.  "Interest Payment Date" means, with respect to any Security, the Stated  Maturity of an installment of interest on such Security.  "Legal Defeasance" has the meaning specified in Section 12.2.  "Lien" means, with respect to any asset, any mortgage, lien (statutory or  otherwise), pledge, hypothecation, charge, security interest, preference, priority or  encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise  perfected under applicable law, including any conditional sale or other title retention  agreement, any lease in the nature thereof, any option or other agreement to sell or give a  security interest in and any filing of or agreement to give any financing statement under the  Uniform Commercial Code (or equivalent statutes) of any jurisdiction; provided that in no  event shall an operating lease be deemed to constitute a Lien.  "Maturity" means, with respect to any Security, the date on which the principal  of such Security becomes due and payable as therein or herein provided, whether at the Stated  Maturity or by acceleration, call for redemption or otherwise.  "Officer" means the Chairman of the Board, the Chief Executive Officer, the  Chief Financial Officer, the President, any Executive Vice President, Senior Vice President or  Vice President, the Treasurer, any Assistant Treasurer or the Secretary or any Assistant  Secretary of the Company.  "Officer's Certificate" means a certificate signed on behalf of the Company by  an Officer of the Company that meets the requirements set forth in this Indenture.  "Opinion of Counsel" means a written opinion from legal counsel, which  opinion is acceptable to the Trustee. The counsel may be an employee of or counsel to the  Company.  "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 with respect thereto pursuant to Section 6.1.  -5- 068301-0006-10016-Active.11878565.5  

 

"Outstanding" (subject to Section 8.4) means, with reference to Securities as of  the date of determination, all Securities authenticated and delivered under this Indenture,  except:  (a) Securities which have been cancelled by the Trustee or delivered to the  Trustee for cancellation;  (b) Securities, or portions thereof, for the payment or redemption of which  moneys in the necessary amount and in the required currency or currency unit shall have been  irrevocably deposited in trust with the Trustee or with any Paying Agent (other than the  Company) or shall have been set aside, segregated and held in trust by the Company for the  Holders of such Securities (if the Company shall act as its own Paying Agent) or for the  payment of which Government Securities shall have been irrevocably deposited in trust with  the Trustee in accordance with Article 12; provided that, if such Securities, or portions thereof,  are to be redeemed prior to the Stated Maturity thereof, notice of such redemption shall have  been given as herein provided, or provision satisfactory to the Trustee shall have been made for  giving such notice;  (c) any such Security with respect to which the Company has effected  defeasance pursuant to the terms hereof, except to the extent provided in Section 12.2;  (d) Securities in substitution for which other Securities shall have been  authenticated and delivered, or which shall have been paid, pursuant to the terms of Section 3.7  (except with respect to any such Security as to which proof satisfactory to the Trustee and the  Company is presented that such Security is held by a Person in whose hands such Security is a  legal, valid and binding obligation of the Company); and  ( e) any such Security converted or exchanged as contemplated by this  Indenture into Common Stock of the Company or other securities, if the terms of such Security  provide for such conversion or exchange pursuant to Section 3.1.  In determining whether Holders of the requisite principal amount of Outstanding  Securities of any or all series have made or given any request, demand, authorization, direction,  notice, consent or waiver hereunder, or are present to constitute a quorum at a meeting of  Holders of Securities, the principal amount of an Original Issue Discount Security that shall be  deemed to be Outstanding for such purposes shall be the amount of the principal thereof that  would be due and payable as of the date of such determination upon a declaration of  acceleration with respect thereto pursuant to Section 6.1.  "Overdue Rate" means, with respect to any Security of Securities, the rate  designated as such in or pursuant to the resolution of the Board of Directors or the  supplemental indenture, as the case may be, relating to such Security as contemplated by  Section 3.1.  "Paying Agent" means any Person authorized by the Company to pay the  principal of, or premium, if any, or interest, if any, on, any Securities on behalf of the  Company.  -6- 068301-0006-10016-Active.11878565.5  

 

"Periodic Offering" means an offering of Securities of a series from time to  time, any or all ofthe specific terms of which Securities, which may be in one or more  Tranches, including the rate or rates of interest, if any, thereon, the Stated Maturity or  Maturities thereof and the redemption provisions, if any, with respect thereto, are to be  determined by the Company or its agents from time to time subsequent to the initial request for  authentication and delivery of such Securities by the Trustee, all as contemplated in  Section 3.1.  "Person" means any individual, corporation, limited liability company,  partnership, limited partnership, joint venture, association, joint stock company, trust,  unincorporated organization, government or any agency or political subdivision thereof or any  other entity.  "Place of Payment" means, with respect to any Security, the place or places  where the principal of, and premium, if any, and interest, if any, on, such Security are payable  as specified pursuant to Section 3.1.  "Predecessor Security" of any particular Security means every previous Security  evidencing all or a portion of the same indebtedness as that evidenced by such particular  Security; and, for the purposes of this definition, any Security authenticated and delivered  under Section 3.7 in lieu of a lost, destroyed, mutilated or stolen Security shall be deemed to  evidence the same debt as the lost, destroyed or stolen Security.  "Redemption Date" means, with respect to any Security to be redeemed, the date  fixed for such redemption by or pursuant to this Indenture.  "Redemption Price" means, with respect to any Security or portion thereof to be  redeemed, the price at which it is to be redeemed pursuant to this Indenture.  "Regular Record Date" for the interest payable on any Interest Payment Date on  a Security means the date specified for that purpose pursuant to Section 3.1 or as specified in  Section 3.8.  "Responsible Officer" means, with respect to the Trustee, any officer assigned  to the Corporate Trust Office, including any managing director, vice president, assistant vice  president, assistant treasurer, assistant secretary or any other officer of the Trustee customarily  performing functions similar to those performed by any of the above designated officers, and  also, 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.  "SEC" means the U.S. Securities and Exchange Commission.  "Securities Act" means the Securities Act of 1933, as amended, and the rules  and regulations of the SEC promulgated thereunder.  "Securities Register" has the meaning specified in Section 3.6.  -7- 068301-0006-10016-Active.11878565.5  

 

"Securities Registrar" has the meaning specified in Section 3.6.  "Security" or "Securities" has the meaning specified in the recitals of this  Indenture.  "Special Record Date" for the payment of any defaulted interest means a date  fixed pursuant to Section 3.8.  "Stated Maturity" means, with respect to any Security or any installment of  principal thereof or premium or interest thereon, the date specified in such Security as the fixed  date on which the principal of such Security or such installment of principal or interest is due  and payable by the Company (without regard to any provisions for redemption, prepayment,  acceleration, purchase or extension).  "Subordinated Indebtedness" means, with respect to the Securities of a  particular series, any Indebtedness of the Issuer which is by its terms subordinated in right of  payment to the Securities of such series.  "Subsidiary" means with respect to any Person:  (1) any corporation, association, or other business entity (other than a  partnership, joint venture, limited liability company or similar entity) of which more than 50%  of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of  any contingency) to vote in the election of directors, managers or trustees thereof is at the time  of determination owned or controlled, directly or indirectly, by such Person or one or more of  the other Subsidiaries of that Person or a combination thereof; and  which  (2) any partnership, joint venture, limited liability company or similar entity of  (x) more than 50% of the capital accounts, distribution rights, total equity  and voting interests or general or limited partnership interests, as  applicable, are owned or controlled, directly or indirectly, by such  Person or one or more of the other Subsidiaries of that Person or a  combination thereof whether in the form of membership, general, special  or limited partnership or otherwise, and  (y) such Person or any Subsidiary of such Person is a controlling general  partner or otherwise controls such entity.  "Successor Person" has the meaning specified in Section 11.1.  "Tranche" means a group of Securities which (a) are of the same series and (b)  are identical except as to principal amount and/or date of issuance.  "Trust Indenture Act" means the Trust Indenture Act of 1939, as amended, and  the rules and regulations of the SEC promulgated thereunder.  -8- 068301-0006-10016-Active.11878565.5  

 

"u.s. Dollars" or "$" means the lawful currency of the United States.  "United States," except as otherwise provided in or pursuant to this Indenture,  means the United States of America (including the states thereof and the District of Columbia),  its territories and possessions and other areas subject to its jurisdiction.  ARTICLE 2  SECURITY FORMS  Section 2.1 Forms Generally.  The Securities of each series shall be in substantially such form as shall be established  pursuant to Section 3.1, in each case with such appropriate insertions, omissions, substitutions  and other variations as are required or permitted by this Indenture or any indenture  supplemental hereto, and may have such letters, numbers or other marks of identification and  such legends or endorsements placed thereon as the Company may deem appropriate and as are  not contrary to the provisions of this Indenture, or as may be required to comply with any law  or with any rules made pursuant thereto or with any rules of any securities exchange or of any  automated quotation system, or to conform to usage, all as determined by the officers executing  such Securities, as conclusively evidenced by their execution of the Securities.  The definitive Securities shall be prepared by the Company and shall be printed,  lithographed or engraved on steel-engraved borders, or may be produced in any other manner,  all as determined by the officers executing such Securities, as conclusively evidenced by their  execution of such Securities, subject to the rules of any securities exchange or automated  quotation system on which such Securities are listed or quoted and (with respect to Global  Securities) to the rules of the Depository.  Section 2.2 Form of Trustee's Certificate of Authentication.  The Trustee's certificate of authentication on all Securities shall be in substantially the  following form:  This is one of the Securities of the series designated therein referred to in the within­ mentioned Indenture.  [NAME OF TRUSTEE], as Trustee  By: ____ ~----------------__  Authorized Signatory  -9- 068301·0006·10016·Active.11878565.5  

 

Section 2.3 Form of Certificate of Authentication by an Authenticating Agent.  If at any time there shall be an Authenticating Agent appointed with respect to any series of  Securities, then the Certificate of Authentication by such Authenticating Agent on all Securities  of each such series shall be in substantially the following form:  By [NAME OF AUTHENTICATING  AGENT],  Authenticating Agent  By: __________________________ __  Authorized Signatory  Section 2.4 Securities Issuable in the Form of Global Securities.  ( a) If the Company shall establish pursuant to Section 3.1 that the Securities of a  particular series are to be issued in whole or in part as one or more Global Securities, then the  Company shall execute, and the Trustee shall, in accordance with Section 3.3 and the Company  Order deliver to the Trustee thereunder, authenticate and make available for delivery, one or  more Global Securities, each of which (i) shall represent an aggregate principal amount equal  to the aggregate principal amount of the Outstanding Securities of such series to be represented  by such Global Security and may also provide that the aggregate amount of Outstanding  Securities represented thereby may from time to time be increased or reduced to reflect  exchanges and redemptions, (ii) shall be registered in the name of the Depository or its  nominee, (iii) shall be delivered by the Trustee to the Depository or pursuant to the  Depository's instruction and (iv) if required by the Depository, shall bear a legend reflecting the  Depository's interest in such Global Security.  (b) Notwithstanding any provision of Section 3.6, any Global Security thereof may  be transferred, in whole but not in part, and in the manner provided in Section 3.6, only to  another nominee of the Depository for such series or Tranche, to the Depository by a nominee  ofthe Depository, or by a nominee to another nominee of such Depository or, in either case, to  a successor Depository for such series selected or approved by the Company or to a nominee of  such successor Depository.  (c) If at any time the Depository for Securities of a series or Tranche thereof notifies  the Company that it is unwilling or unable to continue as Depository for Securities of such  series or Tranche or if at any time the relevant Depository shall no longer be registered or in  good standing under the Exchange Act, or other applicable statute or regulation, and a  successor Depository is not appointed by the Company within 120 days after the Company  receives such notice or becomes aware of such condition, as the case may be, this Section shall  -10- 068301-0006-10016-Active.11878565.5  

 

no longer be applicable to the Securities of such series or Tranche and the Company will  execute, and the Trustee, upon receipt of a Company Order for the authentication and delivery  of definitive Securities of such series or Tranche, will authenticate and make available for  delivery, Securities of such series or Tranche in definitive form, in authorized denominations,  and in an aggregate principal amount equal to the aggregate principal amount of the Global  Security or Global Securities of such series or Tranche in exchange for such Global Security or  Global Securities.  The Company may at any time and in its sole discretion determine that Securities of any  series or Tranche thereof shall no longer be represented by one or more Global Securities and  that the provisions of this Section shall no longer apply to the Securities of such series or  Tranche. In such event the Company will execute and the Trustee, upon receipt of a Company  Order for the authentication and delivery of individual Securities of such series or Tranche, will  authenticate and make available definitive Securities of such series or Tranche, in authorized  denominations, and in an aggregate principal amount equal to the aggregate principal amount  ofthe Global Security or Global Securities of such series or Tranche in exchange for such  Global Security.  If specified by the Company pursuant to Section 3.1 with respect to a series of  Securities or Tranche thereof, the Depository for such series or Tranche may surrender a Global  Security for such series or Tranche in exchange in whole or in part for definitive Securities of  such series or Tranche on such terms as are acceptable to the Company and such Depository.  Thereupon, the Company shall execute, and the Trustee shall authenticate and make available  for delivery, without service charge,  (i) to each Person specified by such Depository a new definitive Security or  Securities of the same series or Tranche, of any authorized denomination as requested  by such Person in aggregate principal amount equal to and in exchange for such  Persons' beneficial interest in the Global Security; and  (ii) to such Depository a new Global Security in a denomination equal to the  difference, if any, between the principal amount of the surrendered Global Security and  the aggregate principal amount of individual Securities delivered to Holders thereof.  In any exchange provided for in any of the preceding paragraphs of this Section, the  Company will execute and the Trustee will authenticate and make available for delivery  definitive Securities in registered form in authorized denominations.  Upon the exchange of a Global Security for Securities in definitive form, such Global  Security shall be cancelled by the Trustee. Individual Securities issued in exchange for a  Global Security pursuant to this Section shall be registered in such names and in such  authorized denominations and bearing any applicable restrictive legends as the Depository for  such Global Security shall instruct the Trustee in writing. The Trustee shall make such  Securities available for delivery to the Persons in whose names such Securities are so  registered.  -11- 068301·0006·10016·Active.11878565.5  

 

ARTICLE 3  THE SECURITIES  Section 3.1 Amount Unlimited; Issuable in Series.  The aggregate principal amount of Securities which may be authenticated and delivered  under this Indenture is unlimited.  The Securities will constitute direct, unconditional and (except as provided in  Section 4.6) unsecured obligations of the Company and will rank at least equally with all other  unsecured and unsubordinated obligations of the Company (subject, in the event of insolvency,  to laws of general applicability relating to or affecting creditor's rights).  The Securities may be issued from time to time in one or more series. With respect to  the Securities of any particular series, there shall be established in, or pursuant to the authority  granted in, a resolution of the Board of Directors, and set forth in an Officer's Certificate, or  established in one or more indentures supplemental hereto prior to the issuance of Securities of  a senes:  (a) the form ofthe Securities of the series;  (b) the title of the Securities of the series (which shall distinguish the Securities of  the series from all other Securities); any limit upon the aggregate principal amount of the  Securities of that series which may be authenticated and delivered under this Indenture (except  for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or  in lieu of, other Securities of that series pursuant to Sections 2.4, 3.6, 3.7, 3.10, 10.6, or 14.3  and except for any Securities which, pursuant to Section 3.3, are deemed never to have been  authenticated and delivered hereunder);  (c) the percentage or percentages of principal amount at which the Securities of the  series will be issued;  (d) the date or dates on which the Securities of the series may be issued;  (e) the date or dates, which may be serial, on which the principal of, and premium,  if any, on, the Securities of the series are payable;  (f) the record dates, if any, for the determination of holders to whom such principal  of, and premium thereon, if any, is payable;  (g) the rate or rates, or the method of determination thereof, at which the Securities  ofthe series shall bear interest, if any, any Overdue Rate (including the rate or rates at which  overdue principal shall bear interest, if different from the rate or rates at which such Securities  shall bear interest prior to Maturity, and, if applicable, the rate or rates at which overdue  premium or interest shall bear interest, if any); any formulary or other method or other means  by which any such rate or rates shall be determined, by reference to an index or other fact or  event ascertainable outside this Indenture or otherwise; the date or dates from which such  -12- 068301·0006·10016·Active.11878565.5  

 

interest shall accrue, the method or methods, if any, by which such date or dates are to be  determined, the Interest Payment Dates on which such interest shall be payable and the Regular  Record Date, if other than as set forth in Section 3.8, for the determination of Holders to whom  interest is payable, whether and under what circumstances additional amounts on such  Securities or any of them shall be payable, the notice, if any, to Holders regarding the  determination of interest on a floating rate Security, and the manner of giving such notice, and  the basis upon which interest shall be calculated if other than that of a 360-day year of twelve  30-day months;  (h) the place or places where the principal of, and premium, if any, and interest on  such Securities of the series shall be payable (if other than as provided in Section 4.2);  (i) the provisions, if any, establishing the price or prices at which, the date or dates  on which, the period or periods within which the currency or currency unit in which, and the  terms and conditions upon which Securities of the series may be redeemed, in whole or in part,  at the option of the Company, pursuant to any sinking fund or otherwise;  (j) the obligation, if any, of the Company to redeem, purchase or repay Securities of  the series pursuant to any sinking fund or analogous provisions or at the option of a Holder  thereof and the price or prices at which, the date or dates on which, and the period or periods  within which or manner of determining the same, the currency or currency unit in which, and  the terms and conditions upon which, Securities of the series shall be redeemed, purchased or  repaid, in whole or in part, pursuant to such obligation;  (k) if other than denominations of $1 ,000, and any integral multiple thereof, the  denominations in which Securities of the series shall be issuable;  (1) the stock exchange(s), if any, on which the Securities will be listed;  (m) whether the Securities of the series will be convertible into shares of Common  Stock of the Company and/or exchangeable for other securities, whether or not issued by the  Company, and, if so, the terms and conditions upon which such Securities will be so  convertible or exchangeable, and any deletions from or modifications or additions to this  Indenture to permit or to facilitate the issuance of such convertible or exchangeable Securities  or the administration thereof;  (n) whether the Securities of the series are to be issued as Original Issue Discount  Securities and, if so, the amount of the discount with respect thereto;  (0) if other than the principal amount thereof, the portion of the principal amount of  the Securities of the series which shall be payable upon a redemption prior to maturity or a  declaration of acceleration with respect thereto pursuant to Section 6.1 or payable in  bankruptcy pursuant to Section 6.2;  (P) any Events of Default or restrictive covenants provided for with respect to the  Securities of the series, if other than as set forth in Section 6.1, Article 4 and Article 11;  -13- 068301-0006-10016-Active.11878565.5  

 

(q) in case the Securities of the series do not bear interest, the applicable dates for  the purpose of Section 4.1;  (r) whether either or both of Section 12.2(b) relating to defeasance or Section  12.2( c) relating to covenant defeasance shall not be applicable to the Securities of such series,  or any covenants in addition to those specified in Section 12.2(c) relating to the Securities of  such series which shall be subj ect to covenant defeasance, and any deletions from, or  modifications or additions to, the provisions of ARTICLE 12 in respect of the Securities of  such series;  (s) any trustees, paying agents, transfer agents, calculation agents or registrars with  respect to the Securities of the series and the name and location of the principal office of such  person;  (t) whether the Securities of the series are issuable in whole or in part as one or  more Global Securities and, in such case, the identity ofthe Depository for such Global  Security or Global Securities;  (u) the date at which any Global Security shall be dated, if other than the date of  original issuance of the first security of the series to be issued;  (v) any restrictions on transfer with respect to the Securities of the series and any  legend reflecting such restrictions to be placed on such Securities;  (w) if the amount of payment of principal of, and premium, if any, or interest on  such Securities of the series may be determined with reference to an index, formula or other  method, and, if so, the terms and conditions upon which and the manner in which such amounts  shall be determined;  (x) any exceptions to Section 13.8 or in the definition of "Business Day" with  respect to the Securities of the series;  (y) if other than U.S. Dollars, the Foreign Currency in which the Securities of such  series shall be denominated and in which payments or principal of, and any premium or interest  on, such Securities shall or may be payable;  (z) if the principal of, any premium or interest on such Securities are to be payable,  at the election of the Company or a Holder thereof or otherwise, in U.S. Dollars or in a Foreign  Currency other than that in which such Securities are stated to be payable, the date or dates on  which, the period or periods within which, and the other terms and conditions upon which, such  election may be made, and the time and manner of determining the exchange rate between the  Currency in which such Securities are stated to be payable and the Currency in which such  Securities or any of them are to be paid pursuant to such election, and any deletions from or  modifications of or additions to the terms of this Indenture to provide for or to facilitate the  issuance of Securities denominated or payable, at the election of the Company or a Holder  thereof or otherwise, in a Foreign Currency;  -14- 068301-0006-10016-Active.11878565.5  

 

(aa) if the amount of payments of principal of (and premium, if any, on) and interest,  if any, on the Securities of that series may be determined, at the election of the issuer or a  Holder thereof, with reference to an index based on a currency or currency unit other than that  in which such Securities are denominated or stated to be payable or any other index, the  manner in which such amounts shall be determined; and  (bb) any other terms of the series and any other modifications or additions to this  Indenture in respect of such Securities (which terms shall not be contrary to the provisions of  this Indenture).  With respect to Securities of a series subject to a Periodic Offering, such resolution of  the Board of Directors or indenture supplemental hereto may provide general terms or  parameters and may provide that the specific terms of particular Securities, and the Persons  authorized to determine such terms or parameters, may be determined in accordance with or  pursuant to the Company Order referred to in Section 3.3.  All Securities of anyone series shall be substantially identical except as to  denomination and except as may otherwise be provided in, or pursuant to the authority granted  in, such resolution of the Board of Directors or in any such indenture supplemental hereto.  Anything herein to the contrary notwithstanding, the Trustee shall be under no  obligation to authenticate and deliver Securities of any series the terms of which, established as  contemplated by this Section, would affect the rights, duties, obligations, liabilities or  immunities of the Trustee under this Indenture.  Section 3.2 Form, Denominations and Currencies.  In the absence of any specification pursuant to Section 3.1 with respect to the Securities  of any series, the Securities of such series shall be issuable as a Global Security in fully  registered form in the name ofthe Holders thereof, without coupons, in denominations of  $1,000 and any integral multiple thereof  Section 3.3 Authentication, Dating and Delivery of Securities.  At any time and from time to time after the original execution and delivery of this  Indenture, the Company may deliver Securities of any series, executed by the Company, to the  Trustee for authentication. Except as otherwise provided in this Article, the Trustee shall  thereupon authenticate and make available for delivery, or cause to be authenticated and  delivered, said Securities upon receipt of a Company Order, without any further action by the  Company; provided, however, that if Securities of a series are subject to a Periodic Offering the  Trustee shall authenticate and make available for delivery Securities of such series from time to  time pursuant to such procedures reasonably acceptable to the Trustee.  In authenticating such Securities and accepting the responsibilities under this Indenture  in relation to such Securities, the Trustee shall be entitled to receive, prior to the initial  authentication of such Securities, and (subject to Section 7.1) shall be fully protected in relying  upon:  -15- 068301-0006-I0016-Active.11878S6S.5  

 

(a) a Board Resolution relating thereto;  (b) an Officer's Certificate or an executed supplemental indenture setting forth the  terms of such Securities as provided in Section 3.1;  (c) an Officer's Certificate which shall state that all conditions precedent provided  for in this Indenture relating to the issuance of such Securities have been complied with, that no  Event of Default with respect to any series of Securities has occurred and is continuing and  that, to the best knowledge of such Officer, the issuance of such Securities does not constitute  and will not result in (i) any Event of Default or any event or condition, which, upon the giving  of notice or the lapse of time or both, would become an Event of Default or (ii) any default  under the provisions of any other material instrument or agreement by which the Company is  bound; and  (d) an Opinion of Counsel, which shall state:  (i) that the form and the terms of such Securities have been duly authorized  by the Company and have been established in conformity with the provisions of this  Indenture;  (ii) that such Securities, when authenticated and delivered by the Trustee and  issued by the Company in the manner and subject to any conditions specified in such  Opinion of Counsel, will constitute valid and binding obligations of the Company  enforceable in accordance with their terms, except to the extent enforceability may be  limited by applicable bankruptcy, insolvency, reorganization, moratorium, arrangement,  fraudulent conveyance, fraudulent transfer and other similar laws affecting the  enforcement of creditors' rights generally and by general principles of equity (regardless  of whether enforceability is considered in a proceeding in equity or at law); and  (iii) that no consent, approval, authorization, order, registration or  qualification of or with any court or any governmental agency or body having  jurisdiction over the Company is required for the execution and delivery of such  Securities by the Company, except such as have been obtained (and except that no  opinion need be expressed as to securities or "blue sky" laws or any rule or regulation  issued pursuant to securities or "blue sky" laws).  Notwithstanding the provisions of Section 3.1 and of the immediately preceding  paragraph, with respect to Securities of a series subject to a Periodic Offering, the Trustee shall  be entitled to receive the Officer's Certificate otherwise required pursuant to Section 3.3(c) and  the Opinion of Counsel required by this Section 3.3( d) only once at or prior to the time of the  frrst authentication and delivery of such Securities (provided that such Opinion of Counsel  addresses the authentication and delivery of all such Securities).  With respect to Securities of a series subject to a Periodic Offering, the Trustee may  conclusively rely, as to the authorization by the Company of any of such Securities, the forms  and terms thereof, the validity thereof and the compliance of the authentication and delivery  thereof with the terms and conditions of this Indenture, upon the Opinion of Counselor  -16- 068301-0006-10016-Active.11878565.5  

 

Opinions of Counsel, the Officer's Certificate and the certificates and other documents  delivered pursuant to this Section 3.3 at or prior to the time of the first authentication and  delivery of Securities of such series until any of such opinions, certificates or other documents  have been superseded or revoked or expire by their terms; provided, however, that any request  by the Company to the Trustee to authenticate and deliver Securities of such series shall  constitute a representation and warranty by the Company that as of the date of such request the  statements made in the most recent Officer's Certificate delivered pursuant to Section 3.3(c) are  true and correct as if made on and as of the date thereof.  Any Global Security, shall, unless otherwise provided therein, be delivered to a  Depository designated pursuant to Section 3.1. Each Depository designated pursuant to Section  3.1 for a Global Security must at the time of its designation and at all times while it serves as  such Depository be a clearing agency registered under the Exchange Act and any other  applicable statute or regulation.  The Trustee shall have the right to decline to authenticate and make available for  delivery any Securities under this Section if the Trustee, being advised by counsel to the  Trustee, determines that such action would expose the Trustee to personal liability in a manner  not reasonably acceptable to the Trustee.  Each Security shall be dated the date of its authentication, except as otherwise provided  pursuant to Section 3.1 with respect to the series of which such Security is a part and except  that any substitute Security under Section 3.7 shall be dated so that neither gain nor loss in  interest shall result from any mutilation, destruction, loss or theft of the relevant Predecessor  Security.  Section 3.4 Execution of Securities.  The Securities shall be signed in the name of and on behalf ofthe Company by anyone  of (i) its directors, (ii) the Chief Financial Officer of the Company, (iii) the Treasurer or any  Assistant Treasurer of the Company or (iv) the Secretary or any Assistant Secretary of the  Company. Such signatures may be the manual or facsimile signatures of such officers.  Typographical and other minor errors or defects in any such reproduction of any such signature  shall not affect the validity or enforceability of any Security that has been duly authenticated  and delivered by the Trustee.  In case any officer of the Company who shall have signed any ofthe Securities shall  cease to be such officer before the Security so signed shall be authenticated and delivered by or  on behalf ofthe Trustee or disposed of by the Company, such Securities nevertheless may be  authenticated and delivered or disposed of as though the Person who signed such Securities had  not ceased to be such officer of the Company; and any Security may be signed on behalf of the  Company by such Persons as, at the actual date of the original execution of such Security, shall  be the proper officers of the Company, although at the date of the original execution and  delivery of this Indenture, or at the date of such Security, any such Person was not such an  officer.  -17- 068301-0006-10016-Active.11878565.5  

 

Section 3.5 Certificate of Authentication.  No Security shall be entitled to the benefits of this Indenture or be valid or obligatory  for any purpose, unless there appears on such Security a certificate of authentication  substantially in the form hereinbefore recited, executed by or on behalf ofthe Trustee or an  Authenticating Agent by manual signature. Such certificate by or on behalf of the Trustee or  an Authenticating Agent upon any Security executed by the Company shall be conclusive  evidence that the Security so authenticated has been duly authenticated and delivered hereunder  and that the Holder is entitled to the benefits of this Indenture.  Section 3.6 Registration, Transfer and Exchange.  Subject to the conditions set forth below (and subject, with respect to Global Securities,  to Section 2.4), Securities of any series may be exchanged for a like aggregate principal amount  of Securities of the same series. Securities to be exchanged shall be surrendered at the offices  or agencies to be maintained for such purposes as provided in Section 4.2, and the Company  shall execute and the Trustee or any Authenticating Agent shall authenticate and make  available for delivery in exchange therefor the Security or Securities which the Holder making  the exchange shall be entitled to receive.  The Company shall keep or cause to be kept, at one of said offices or agencies  maintained pursuant to Section 4.2, a register for each series of Securities issued hereunder  (hereinafter collectively referred to as the "Securities Register") in which, subject to such  reasonable regulations as it may prescribe, the Company shall, subject to the provisions of  Section 2.4, provide for the registration of Securities of such series and shall register the  transfer of Securities 0 f such series as in this Article provided. The Securities Register shall be  in written form or in any other form capable of being converted into written form within a  reasonable time. The Trustee is hereby appointed as the initial "Securities Registrar" for the  purpose of registering Securities and registering transfers of Securities as herein provided. The  Company may change the Registrar without prior notice to any Holder. The Company or any  Subsidiary ofthe Company may act as Registrar.  The Company shall have the right to remove and replace from time to time the Security  Registrar for any series of Securities and the Securities Registrar shall have the right to resign  from time to time; provided that no such removal, replacement or resignation shall be effective  until a successor Security Registrar with respect to such series of Securities shall have been  appointed by the Company and shall have accepted such appointment by the Company. If the  Company fails to appoint a successor Securities Registrar within 30 days after the Securities  Registrar resigns, the Securities Registrar shall be entitled to appoint a successor and the  Company's consent to such appointment shall not be unreasonably withheld. In the event that  the Trustee shall not be or shall cease to be Security Registrar with respect to a series of  Securities, it shall have the right to examine the Security Register for such series at all  reasonable times. There shall be only one Security Register for each series of Securities.  All Securities presented for registration of transfer or for exchange, redemption or  payment shall (if so required by the Company or the Securities Registrar) be duly endorsed by,  or be accompanied by a written instrument or instruments of transfer in form satisfactory to the  -18- 068301·0006·10016·Active.11878565.5  

 

Company and the Securities Registrar duly executed by, the Holder thereof or his attorney duly  authorized in writing.  Each Security issued upon registration of transfer or exchange of Securities pursuant to  this Section shall be the valid obligation of the Company, evidencing the same indebtedness  and entitled to the same benefits under this Indenture as the Security or Securities surrendered  upon registration of such transfer or exchange.  No service charge shall be made for any registration of transfer or exchange of  Securities, but the Company may require payment of a sum sufficient to cover any tax or other  governmental charge that may be imposed in connection with any registration oftransfer or  exchange of Securities, other than exchanges pursuant to Section 3.10, Section 10.6 or Section  14.3 not involving any transfer.  The Company shall not be required (a) to issue, exchange or register the transfer of any  Securities of any series during a period beginning at the opening of business 15 days before the  day of the mailing of a notice of redemption of Securities of such series and ending at the close  of business on the day of such mailing, or (b) to exchange or register the transfer of any  Securities selected, called or being called for redemption except, in the case of any Security to  be redeemed in part, the portion thereof not to be redeemed.  Section 3.7 Mutilated, Destroyed, Lost and Stolen Securities.  In case any temporary or definitive Security shall become mutilated (whether by  defacement or otherwise) or be destroyed, lost or stolen, and in the absence of notice to the  Company or the Trustee that such Security has been acquired by a bona fide purchaser, the  Company shall, except as otherwise provided in this Section, execute, and upon a Company  Request, the Trustee shall authenticate and make available for delivery, a new Security of the  same series, tenor and principal amount, bearing a number, letter or other distinguishing  symbol not contemporaneously outstanding, in exchange and substitution for the mutilated  Security, or in lieu of and in substitution for the Security so destroyed, lost or stolen. In every  case the applicant for a substituted Security shall furnish to the Company and to the Trustee and  any agent ofthe Company or the Trustee such security or indemnity as may be required by  them to save each of them harmless, and, in every case of destruction, loss or theft, the  applicant shall also furnish to the Company and the Trustee and any agent of the Company or  the Trustee evidence to their satisfaction of the destruction, loss or theft of such Security and of  the ownership thereof.  Upon the issuance of any substitute Security under this Section, the Company may  require the payment of a sum sufficient to cover any tax or other governmental charge that may  be imposed in relation thereto and any other expenses (including the fees and expenses of the  Trustee or any Authenticating Agent) connected therewith.  In case any Security which has matured or is about to mature or has been called for  redemption in full shall become mutilated or be destroyed, lost or stolen, the Company may,  instead of issuing a substitute Security, payor authorize the payment of the same (without  surrender thereof except in the case of a mutilated Security). In every case, the applicant for  -19- 068301-0006-10016-Active.11878565.5  

 

such payment shall furnish to the Company and to the Trustee and any agent of the Company  or the Trustee such security or indemnity as any of them may require to save each of them  harmless, and, in every case of destruction, loss or theft, the applicant shall also furnish to the  Company and the Trustee and any agent of the Company or the Trustee evidence to their  satisfaction of the destruction, loss or theft of such Security and of the ownership thereof  Every substitute Security of any series issued pursuant to the provisions of this Section  by virtue of the fact that any such Security is destroyed, lost or stolen shall constitute an  additional contractual obligation of the Company, whether or not the destroyed, lost or stolen  Security shall be at any time enforceable by anyone and shall be entitled to all the benefits of  (but shall be subject to all the limitations of rights set forth in) this Indenture equally and  proportionately with any and all other Securities of such series duly authenticated and delivered  hereunder. All Securities shall be held and owned upon the express condition that, to the extent  permitted by law, the foregoing provisions of this Section are exclusive with respect to the  replacement or payment of mutilated (whether by defacement or otherwise) or destroyed, lost  or stolen Securities and shall preclude any and all other rights or remedies notwithstanding any  law or statute existing or hereafter enacted to the contrary with respect to the replacement or  payment of negotiable instruments or other securities without their surrender.  Section 3.8 Payment ofInterest; Interest Rights Preserved.  The Holder of any Securities at the close of business on the Regular Record Date with  respect to any Interest Payment Date shall be entitled to receive the interest, if any, payable on  such Interest Payment Date notwithstanding the cancellation of such Securities upon any  registration of transfer or exchange subsequent to the Regular Record Date and prior to such  Interest Payment Date, and, if provided for in the Board Resolution or supplemental indenture  pursuant to Section 3.1, in the case of a Security issued between a Regular Record Date and the  initial Interest Payment Date relating to such Regular Record Date, interest for the period  beginning on the date of issue and ending on such initial Interest Payment Date shall be paid to  the Person to whom such Security shall have been originally issued. Except as otherwise  specified as contemplated by Section 3.1, for Securities of a particular series the term "Regular  Record Date" as used in this Section with respect to any Interest Payment Date shall mean the  close of business on the last day of the calendar month preceding such Interest Payment Date if  such Interest Payment Date is the fifteenth day of a calendar month and shall mean the close of  business on the fifteenth day of the calendar month preceding such Interest Payment Date if  such Interest Payment Date is the first day of a calendar month, whether or not such day shall  be a Business Day. At the option of the Company, payment of interest on any Security may be  made by check mailed to the address of the Person entitled thereto (which shall be the  Depository in the case of Global Securities) as such address shall appear in the Securities  Register.  Subject to actual timely receipt of sufficient funds by the Paying Agent for payment in  full with respect to a series of Securities, such Paying Agent shall make payments when due on  such Securities in accordance with the provisions of this Indenture.  -20- 068301-0006-10016-Active.11878565.5  

 

If and to the extent the Company shall default in the payment of the interest due on such  Interest Payment Date in respect of any Securities, such defaulted interest shall be paid by the  Company at its election in each case, as provided in clause (a) or (b) below:  (a) The Company may make payment of any defaulted interest to the Holder of  Securities at the close of business on a Special Record Date established by notice given by mail  or otherwise in accordance with the procedures ofthe Depository, by or on behalf of the  Company, to such Holder not less than 15 days preceding such Special Record Date, such  Special Record Date to be not less than 10 days preceding the date for payment of such  defaulted interest.  (b) The Company may make payment of any defaulted interest on the Securities of  any series in any other lawful manner not inconsistent with the requirements of any securities  exchange on which the Securities of such series may be listed, and upon such notice as may be  required by such exchange, if, after notice given by the Company to the Trustee of the proposed  payment pursuant to this clause, such manner of payment shall be deemed practicable by the  Trustee.  Subject to the foregoing provisions of this Section, each Security delivered under this  Indenture upon registration of transfer of, or in exchange for, or in lieu of, any other Security  shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such  other Security.  Section 3.9 Cancellation of Securities: Destruction Thereof  All Securities surrendered for payment, redemption, registration of transfer or  exchange, or for credit against any payment in respect of a sinking or analogous fund, shall, if  surrendered to the Company or any Paying Agent or any Securities Registrar, be delivered to  the Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled by it, and no  Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions  ofthis Indenture. The Company may at any time deliver to the Trustee for Securities of a  series for cancellation any Securities previously authenticated and delivered hereunder which  the Company may have acquired in any manner whatsoever, and all Securities so delivered  shall be promptly cancelled by such Trustee. Notwithstanding any other provision of this  Indenture to the contrary, in the case of a series, all the Securities of which are not to be  originally issued at one time, a Security of such series shall not be deemed to have been  Outstanding at any time hereunder if and to the extent that, subsequent to the authentication and  delivery thereof, such Security is delivered to the Trustee for such Security for cancellation by  the Company or any agent thereof upon the failure of the original purchaser thereof to make  payment therefore against delivery thereof, and any Security so delivered to such Trustee shall  be promptly cancelled by it. No Securities shall be authenticated in lieu of or in exchange for  any Securities cancelled as provided in this Section, except as expressly permitted by this  Indenture. Global Securities shall not be disposed of until exchanged in full for definitive  Securities or until payment thereof is made in full. The Trustee shall, unless instructed to  deliver the Securities to the Company in a Company Order, destroy such cancelled Securities  and, if requested by the Company in writing, deliver certification of their destruction to the  Company. If the Company shall acquire any of the Securities, such acquisition shall not  -21- 068301-0006-10016-Active.11878565.5  

 

operate as a redemption or satisfaction of the indebtedness represented by such Securities  unless and until the same are delivered to the Trustee for cancellation.  Section 3.10 Temporary Securities.  Pending the preparation by the Company of definitive Securities of any series, the  Company may execute and the Trustee shall authenticate and make available for delivery in the  manner provided in Section 3.3, temporary Securities for such series (printed, lithographed,  typewritten or otherwise reproduced, in each case in form satisfactory to the Trustee).  Temporary Securities of any series shall be issuable in any authorized denomination, and  substantially in the form of the definitive Securities of such series in lieu of which they are  issued but with such omissions, insertions and variations as may be appropriate for temporary  securities, all as may be determined by the Company. Temporary Securities may contain such  reference to any provisions of this Indenture as may be appropriate. Every temporary Security  shall be executed by the Company and be authenticated by the Trustee upon the same  conditions and in substantially the same manner, and with like effect, as the definitive  Securities. Without unreasonable delay the Company shall execute and shall furnish definitive  Securities of such series and thereupon temporary Securities of such series may be surrendered  in exchange therefor without charge at the Corporate Trust Office of the Trustee, and the  Trustee shall authenticate and make available for delivery in exchange for such temporary  Securities an equal aggregate principal amount of definitive Securities of the same series. Such  exchange shall be made by the Company at its own expense and without any charge therefore  to the Holders. Until so exchanged, the temporary Securities of any series shall in all respects  be entitled to the same benefits under this Indenture as definitive Securities of such series  authenticated and delivered hereunder.  Section 3.11 Computation of Interest.  Except as otherwise specified as contemplated by Section 3.1 for Securities 0 f any  series, interest on the Securities of each series shall be computed on the basis of a 360-day year  of twelve 30-day months.  Section 3.12 CUSIP Numbers.  The Company in issuing the Securities may use "CUSIP ," "Common Code" or "ISIN"  numbers (if then generally in use), and, if so, such numbers shall be used in notices of  redemption as a convenience to Holders; provided, that any such notice may state that no  representation is made as to the correctness of such numbers either as printed on the Securities  or contained in any notice of redemption and that reliance may be placed only on the other  identification numbers printed on the Securities, and any such redemption shall not be affected  by any defect in or omission of such numbers. The Company will promptly notify the Trustee  in writing of any change in the "CUSIP," "Common Code" or "ISIN" numbers; provided that  any failure to give such notice shall not constitute a Default or an Event of Default.  068301-0006-10016-Active.l1 878S6S.5  ARTICLE 4  COVENANTS OF THE COMPANY  -22- 

 

The Company covenants and agrees for the benefit of each series of Securities (except  to the extent that any series of Securities is excluded from the benefits of any of such covenants  pursuant to Sections 3.1) that on and after the date of original execution of this Indenture and so  long as any of the Securities of such series remain Outstanding:  Section 4.1 Payment of Securities.  The Company will duly and punctually payor cause to be paid in the currency or  currency unit in which the Securities of such series are payable, the principal of, any premium  and interest on, the Securities of such series at the place or places, at the respective times and in  the manner provided in such Securities and in the Indenture. The Company shall, before 11.00  a.ill. (New York time), on each due date of the principal of, and premium, if any, or interest or  any other amounts due on Securities of any series, deposit with the Paying Agent a sum in  immediately available funds sufficient to pay such amounts becoming due, such sum to be held  in trust by the Paying Agent for the benefit of Holders of such Securities.  If any payment in respect of any series of Securities provided for in this Section 4.1 is  made late but otherwise in accordance with this Indenture, the Paying Agent for the Securities  of such series shall make reasonable efforts to make such payment in respect of the Securities  of such series. However, unless and until the full amount of any such payment has been made  to the Paying Agent for payment to the Holders of Securities of such series, neither it nor any  other Paying Agent will be bound (but shall be entitled) to make such payment.  If the Paying Agent pays out any amount due in respect of the Securities of any series  before receipt of an amount due under this Section 4.1, the Paying Agent will immediately  notify the Company and the Company shall on demand reimburse the Paying Agent for the  relevant amount and pay interest to the Paying Agent on such amount that is outstanding from  the date on which it is paid out to the date of reimbursement at the rate per annum equal to the  cost to the Paying Agent of funding the amount paid out, as certified by the Paying Agent. Such  interest shall be compounded daily.  Section 4.2 Offices or Agencv.  So long as any of the Securities remain Outstanding, the Company will maintain in the  Borough of Manhattan, The City of New York, New York, and in each Place of Payment for  the Securities of a series, an office or agency where Securities of that series may be presented  or surrendered for payment, where Securities of that series may be surrendered for registration  of transfer or exchange and where notices and demands to or upon the Company in respect of  Securities of that series and this Indenture may be served (which shall initially be the Corporate  Trust Office of the Trustee or, if the Corporate Trust Office of the Trustee is not located in the  Borough of Manhattan, The City of New York, such office or agency shall be the principal  corporate trust office of the Authenticating Agent designated pursuant to Section 7.14 hereof).  The Company will give prompt written notice to the Trustee for the Securities of that series of  the location, and any change in the location of any such office or agency. If at any time the  Company shall fail to maintain such required office or agency in respect of any series of  Securities or shall fail to furnish the Trustee with the required information with respect thereto,  presentations, surrenders, notices and demands in respect of Securities of that series may be  -23- 068301-0006-10016-Active.11878565.5  

 

made or served at the Corporate Trust Office of the Trustee and the corporate trust office of any  Authenticating Agent appointed hereunder; and the Company hereby appoints the Trustee and  any Authenticating Agent appointed hereunder its agents to receive all such presentations,  surrenders, notices and demands.  The Company may also from time to time designate one or more other offices or  agencies (in or outside The City of New York) where the Securities of one or more series, or  any Tranche thereof may be presented or surrendered for any or all of such purposes, and may  from time to time rescind such designation; provided, however, that no such designation or  rescission shall in any manner relieve the Company of its obligation to maintain for such  purposes an office or agency in the Borough of Manhattan, The City of New York and in each  Place of Payment for such purpose. The Company will promptly notify the Trustee for the  Securities of each series as affected of any such designation or rescission thereof and of any  change in the location of any such office or agency.  Unless otherwise specified with respect to any Securities pursuant to Section 3.1, if and  so long as the Securities of any series (i) are denominated in a Foreign Currency or (ii) may be  payable in a Foreign Currency, or so long as it is required under any other provision of this  Indenture, then the Company will maintain with respect to each such series of Securities, or as  so required, at least one exchange rate agent.  Section 4.3 Money for Securities Payments to Be Held in Trust.  If the Company shall at any time act as its own Paying Agent with respect to any series  of Securities, it shall by 10.00 a.m. (New York City time), on or before each due date of the  principal ot: any premium or interest on any ofthe Securities of such series, segregate and hold  in trust for the benefit of the Persons entitled thereto a sum in the currency or currencies,  currency unit or units or composite currency or currencies in which the Securities of such series  are payable (except as otherwise specified pursuant to Section 3.1 for the Securities of such  series) sufficient to pay the principal or any premium or interest so becoming due until such  sums shall be paid to such Persons or otherwise disposed of as herein provided, and shall  promptly notify the Trustee in writing of its action or failure so to act.  Whenever the Company shall have one or more Paying Agents for any series of  Securities, it shall, on or prior to each due date of the principal ot: any premium or interest on  any Securities of such series, deposit with any Paying Agent a sum (in the currency or  currencies, currency unit or units or composite currency or currencies described in the  preceding paragraph) sufficient to pay the principal and any premium or interest so becoming  due, such sum to be held in trust for the benefit of the Persons entitled thereto, and (unless such  Paying Agent is the Trustee) the Company will promptly notify the Trustee in writing of its  action or failure so to act.  The Company shall cause each Paying Agent for any series of Securities other than the  Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall  agree with the Trustee, subject to the provisions of this Section, that such Paying Agent shall:  -24- 068301-0006-10016-Active.11878565.5  

 

(a) hold all sums held by it for the payment of the principal of, any premium or  interest on Securities of such series or Tranche in trust for the benefit of the Persons entitled  thereto until such sums shall be paid to such Persons or otherwise disposed of as provided in or  pursuant to this Indenture;  (b) give the Trustee notice of any default by the Company (or any other obligor  upon the Securities of such series) in the making of any payment of principal of, any premium  or interest on the Securities of such series; and  (c) At any time during the continuance of any such default, upon the written request  of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent.  The Company may at any time, for the purpose of obtaining the satisfaction and  discharge of this Indenture or for any other purpose, pay, or by Company Order direct any  Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying  Agent, such sums to be held by the Trustee upon the same terms as those upon which such  sums were held by the Company or such Paying Agent; and, upon such payment by any Paying  Agent to the Trustee, such Paying Agent shall be released from all further liability with respect  to such sums.  Anything in this Section to the contrary notwithstanding, the agreement to hold sums in  trust as provided in this Section is subject to the provisions of Section 12.3, Section 12.4 and  Section 12.5.  Section 4.4 [Reserved.]  Section 4.5 [Reserved.]  Section 4.6 [Reserved.]  Section 4.7 Corporate Existence.  Subject to Article 11, the Company shall do or cause to be done all things necessary to  preserve and keep in full force and effect its legal existence and rights (charter and statutory)  and franchises; provided, however, that the foregoing shall not obligate the Company to  preserve any such right or franchise if the Company shall determine that the preservation  thereof is no longer desirable in the conduct of its business and that the loss thereof is not  disadvantageous in any material respect to any Holder.  Section 4.8 Waiver of Certain Covenants.  The Company may omit in any particular instance to comply with any term, provision  or condition set forth in Sections 4.7 or 4.8 and any other covenant not set forth herein and  specified pursuant to Section 3.1 to be applicable with respect to the Securities of any series if  before or after the time for such compliance the Holders of at least a majority in principal  amount of the Outstanding Securities of such series (which, in the case of a covenant not set  forth herein and specified pursuant to Section 3.1 to be applicable to the Securities of any  -25- 068301-0006-10016-Active.11878565.5  

 

series, shall include only those series to which such covenant is so specified to be applicable),  by act of such Holders, either shall waive such compliance in such instance or generally shall  have waived compliance with such term, provision or condition, but no such waiver shall  extend to or affect such term, provision or condition except to the extent so expressly waived,  and, until such waiver shall become effective, the obligations of the Company and the duties of  the Trustee and the Paying Agent for the Securities of such series in respect of any such term,  provision or condition shall remain in full force and effect.  Section 4.9 Certificates to Trustee.  (a) For so long as any series of Securities are Outstanding under this Indenture, the  Company will, within 120 days after the end of its fiscal year, file with the Trustee an Officer's  Certificate complying with the provisions of the second paragraph of Section 13 .6, stating  whether or not, to the knowledge of the signer, the Company has complied with the conditions  and covenants on its part contained in this Indenture, and, if the signer, to the best of his or her  knowledge, knows of any event which is, or after notice or lapse of time or both would become,  a default by the Company in the performance, observance or fulfillment of any such condition  or covenant, specifying each such default and the nature thereof. For the purpose of this  Section, compliance shall be determined without regard to any grace period or requirement of  notice provided pursuant to the terms of this Indenture.  (b) The Company will deliver to the Trustee, as soon as practicable after the  Company becomes aware of the occurrence of any Default or Event of Default, an Officer's  Certificate setting forth the details of such Default or Event of Default and the action which the  Company proposes to take with respect thereto.  Section 4.10 Calculation of Original Issue Discount.  The Company shall file with the Trustee promptly at the end of each calendar year (i) a  written notice specifying the amount of any original issue discount, as defined under the Code  and Treasury regulations, (including daily rates and accrual periods) accrued on any  Outstanding Securities as of the end of such year and (ii) such other specific information  relating to such original issue discount as may then be relevant under the Code, as amended  from time to time.  Section 4.11 Waiver of Usury, Stay or Extension Laws.  The Company covenants that (to the extent that it may lawfully do so) it will not at any  time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage  of, any usury, stay or extension law wherever enacted, now or at any time hereafter in force,  which may affect the covenants or the performance of this Indenture; and the Company  expressly waives (to the extent that it may lawfully do so) all benefit or advantage of any such  law and covenants that it will not hinder, delay or impede the execution of any power herein  granted to the Trustee, but will suffer and permit the execution of every such power as though  no such law had been enacted.  -26- 068301·0006·10016·Active.11878565.5  

 

ARTICLES  SECURITYHOLDER LISTS AND REPORTS BY THE  COMPANY AND THE TRUSTEE  Section 5.1  Securityholders.  Company to Furnish Trustee Information as to Names and Addresses of  The Company covenants and agrees that it 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 of each series semiannually and not later than June 30 and  December 31 in each year, and at such other times as the Trustee may request in writing, as of a  date no more than 15 days prior to the date such information is so furnished; provided that, if  and so long as the Trustee shall be the Securities Registrar for such series, such list shall not be  required to be furnished.  Section 5.2 Preservation and Disclosure of Security holder Lists.  (a) The Trustee shall preserve, in as current a form as is reasonably practicable, all  information received by it pursuant to Section 5.1 and similar information received by it in any  other capacity under this Indenture (including in its capacity as Securities Registrar) and afford  Holders access to the information preserved by it, all to such extent, if any, and in such manner  as shall be required by the Trust Indenture Act.  (b) Each and every Holder of Securities, by receiving and holding the same, agrees  with the Company and the Trustee that neither the Company nor the Trustee nor any Paying  Agent shall be held accountable by reason of the disclosure of any such information as to the  names and addresses ofthe Holders of Securities in accordance with the provisions of Section  5 .2( a), regardless of the source from which such information was derived, and that the Trustee  shall not be held accountable by reason of mailing any material pursuant to a request made  under Section 5.2(a).  Section 5.3. Reports by the Company.  Unless otherwise specified with respect to Securities of a particular series pursuant to  Section 3.1, so long as any Securities of such series are outstanding, if not filed electronically  with the SEC through the SEC's Electronic Data Gathering, Analysis, and Retrieval System (or  any successor system), the Company will furnish to the Trustee and, upon request to the  Trustee, Holders of Securities of such series, within 180 days of the end of each fiscal year for  annual reports and within 75 days of the end of each fiscal quarter for quarterly reports:  (1) an annual report including solely the following information: annual consolidated  financial statements of the Company (including balance sheets as of the end of the two most  recent fiscal years and statements of earnings and statements of cash flows for the three most  recent fiscal years) prepared in accordance with GAAP as in effect from time to time, and a  report on the annual financial statements by the Company's certified independent accountants;  and  -27- 068301-0006-10016-Active.11878S6S.5  

 

(2) quarterly reports including solely the following information: quarterly consolidated  financial statements of the Company (including a balance sheet as of the end ofthe most recent  fiscal quarter and statements of earnings and statements of cash flows for the period from the  end of the most recent fiscal year to the end of the most recent fiscal quarter, and for the  corresponding interim period of the preceding fiscal year) prepared in accordance with GAAP  as in effect from time to time.  In addition, the Company will, for so long as any Securities of any particular series  remain outstanding and during any period during which the Company is not subject to Section  13 or Section 15( d) of the Exchange Act, it will furnish to Holders of Securities of such series  and to prospective purchasers of Securities of such series, upon their request, the information  required to be delivered pursuant to Rule 144A( d)( 4) under the Securities Act.  The delivery of such reports, information and documents to the Trustee pursuant to this  Section 5.3 is for informational purposes only and the Trustee's receipt of such shall not  constitute constructive notice of any information contained therein or determinable from  information contained therein, including the Company's compliance with any of its covenants  hereunder (as to which the Trustee is entitled to rely exclusively on Officer's Certificates) other  than with respect to Section 7.2.  Section 5.4 Reports by the Trustee.  (a) If and to the extent required under the Trust Indenture Act, within 60 days after  May 15 of each year following the date of original execution of this Indenture, so long as any  Securities are Outstanding hereunder, the Trustee shall transmit by mail (with a copy to the  Company) to the Securityholders of such series in the manner and to extent provided in Trust  Indenture Act Section 313(c), a brief report, as provided by the Trust Indenture Act Sections  313(a) and (b).  (b) A copy of each report required to be filed pursuant to Section 5.4(a) shall, at the  time of such transmission to the Securityholders of any series, be furnished to the Company and  be filed by the Trustee with each stock exchange upon which the Securities of such series are  listed and also with the SEC. The Company agrees to notify the Trustee promptly when and as  the Securities of any series become admitted to trading on any national securities exchange.  ARTICLE 6  REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS  ON EVENT OF DEFAULT  Section 6.1 Event of Default Defined: Acceleration of Maturity: Waiver of Default.  "Event of Default," with respect to the Securities of any series, wherever used herein,  means each one of the following events (whatever the reason for such Event of Default and  whether it shall be voluntary or involuntary or be effected by operation oflaw or pursuant to  any judgment, decree or order of any court or any order, rule or regulation of any  administrative or governmental body), unless it is either inapplicable to a particular series or it  -28- 068301-0006-10016-Active.11878565.5  

 

is specifically deleted or modified in the applicable supplemental indenture under which such  series of Securities is issued, as the case may be, as contemplated by Section 3.1:  (a) default for 14 days or more in the payment when due and payable, upon  redemption, acceleration or otherwise, of principal of, or premium, if any, on the Securities of  such series;  (b) default for 30 days or more in the payment when due of interest on or with  respect to the Securities of such series;  (c) failure by the Company for 90 days after receipt of written notice given by the  Trustee or the Holders of not less than 25% in principal amount of the Securities of such series  then Outstanding to comply with any of its obligations, covenants or agreements (other than a  default referred to in clauses (a) and (b) above) contained in the Indenture or the Securities of  such series;  (d) the Issuer pursuant to or within the meaning of any Bankruptcy Law:  (e)  Law that:  (1) commences proceedings to be adjudicated bankrupt or insolvent;  (2) consents to the institution of bankruptcy or insolvency proceedings  against it, or the filing by it of a petition or answer or consent seeking  reorganization or relief under applicable Bankruptcy law;  (3) consents to the appointment of a receiver, liquidator, assignee, trustee,  sequestrator or other similar official of it or for all or substantially all of its  property;  (4) makes a general assignment for the benefit of its creditors; or  (5) generally is not paying its debts as they become due; or  a court of competent jurisdiction enters an order or decree under any Bankruptcy  (1) is for relief against the Issuer in a proceeding in which the Issuer is to be  adjudicated bankrupt or insolvent;  (2) appoints a receiver, liquidator, assignee, trustee, sequestrator or other  similar official of the Issuer or for all or substantially all of the property of the  Issuer; or  (3) orders the liquidation of the Issuer;  and the order or decree remains unstayed and in effect for 90 consecutive days; or  (f) any other Event of Default established by one or more indentures supplemental  hereto as applicable to the Securities of such series.  -29- 068301·0006·10016·Active.11878565.5  

 

If an Event of Default described in clause ( a), (b), ( c) or (f) occurs and is continuing  with respect to Securities of any series at the time Outstanding, the Trustee or the Holders of at  least 25% in aggregate principal amount of the Securities of such series then Outstanding, 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 such series are Original Issue Discount Securities,  such portion of the principal as may be specified in the terms of such series) of, and the  premium, if any, and accrued and unpaid interest, if any, on all Securities then Outstanding of  such series to be due and payable immediately, and upon any such declaration the same shall  become immediately due and payable. The Trustee shall have no obligation to accelerate the  Securities of any series if in the best judgment of the Trustee acceleration is not in the best  interest of the Holders of Securities of such series.  If any Event of Default described in clause (d) or (e) above occurs and is continuing, all  the principal of, and the premium, if any, and accrued and unpaid interest, if any, on the  Securities then Outstanding of that series shall ipso facto become and be immediately due and  payable without declaration, presentment, demand or notice of any kind by the Trustee or any  Holder of Securities of that series.  The foregoing provisions, however, are subject to the condition that if, at any time after  a declaration of acceleration with respect to the Securities of any series has been made 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 payor shall deposit with the Trustee a sum  sufficient to pay all matured installments of interest, if any, with respect to all the Securities of  such series and the principal of (and premium, if any, on) any and all Securities of such series  which shall have become due otherwise than by acceleration (and, to the extent that payment of  such interest is enforceable under applicable law, interest on principal, premium or overdue  installments of interest, if any, at the Overdue Rate applicable to such series to the date of such  payment or deposit) and all amounts payable to the Trustee pursuant to the provisions of  Section 7.6, and such amount as shall be sufficient to cover reasonable compensation to the  Trustee, its agents, attorneys and counsel, and all other expenses and liabilities incurred, and all  advances made, by the Trustee except as a result of negligence or bad faith, and if any and all  Events of Default under the Indenture, other than the nonpayment of the principal of and  accrued interest on Securities of such series 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 the Securities of such series  then Outstanding, by written notice to the Company and to the Trustee, may waive all defaults  with respect to that series of Securities and rescind and annul such acceleration and its  consequences (provided that such rescission would not conflict with any judgment of a court of  competent jurisdiction), but no such waiver or rescission and annulment shall extend to or shall  affect any subsequent default or shall impair any right consequent thereon.  F or all purposes under this Indenture, if a portion of the principal 0 f any Original Issue  Discount Security shall have been accelerated and declared or become due and payable  pursuant to the provisions hereof, then, from and after such acceleration, unless such  acceleration has been rescinded and annulled, the principal amount of such Original Issue  Discount Security shall be deemed, for all purposes hereunder, to be such portion of the  -30- 068301-0006-10016-Active.11878565.5  

 

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 Security.  Section 6.2 Collection ofIndebtedness by Trustee; Trustee May Prove Debt.  The Company covenants that if an Event of Default specified in Section 6.1 (a) or (b)  occurs with respect to any of the Securities of any series, whether upon Stated Maturity of the  Securities of such series or upon any redemption or by acceleration or otherwise, then upon  demand of the Trustee for such series, the Company will pay to the Trustee for the benefit of  the Holder of any such Security the whole amount that then shall have become due and payable  on any such Security for the principal, premium, if any, and interest, if any, and, so far as  payment of the same is enforceable under applicable law, interest on overdue principal,  premium or installments of interest, if any, at the Overdue Rate applicable to any such Security;  and, in addition thereto, such further amount as shall be sufficient to cover the costs and  expenses of collection, and any further amounts payable to the Trustee, its agents and counsel  pursuant to the provisions of Section 7.6.  In case the Company shall fail forthwith to pay such amounts upon such demand, the  Trustee, in its own name and as trustee of an express trust, shall be entitled and empowered to  institute any action or proceedings at law or in equity for the collection of the sums so due and  unpaid, and may prosecute any such action or proceedings to judgment or final decree, and may  enforce any such judgment or final decree against the Company and collect in the manner  provided by law out of the property ofthe Company, wherever situated, the moneys adjudged  or decreed to be payable.  The Trustee shall be entitled and empowered, either in its own name as trustee of an  express trust, or as attorney-in-fact for the Holders of any of the Securities, or in both such  capacities, to file such proof of debt, amendment of proof of debt, proof of claim, petition or  other document as may be. necessary or advisable in order to have the claims of the Trustee and  of the Holders of Securities allowed in any equity receivership, insolvency, bankruptcy,  liquidation, readjustment, reorganization or other similar proceedings, or any judicial  proceedings, relative to the Company or any other obligor on the Securities or its creditors or  its property. The Trustee is hereby irrevocably appointed (and the successive respective  Holders of the Securities, by taking and holding the same, shall be conclusively deemed to have  so appointed the Trustee) the true and lawful attorney-in-fact of the respective Holders of the  Securities, with authority to make or file in the respective names of the Holders of the  Securities any proof of debt, amendment of proof of debt, claim, petition or other document in  any such proceedings and to receive payment of any sums becoming distributable on account  thereof, and to execute any other papers and documents and do and perform any and all acts  and things for and on behalf of such Holders of the Securities as may be necessary or advisable  in the opinion of the Trustee in order to have the respective claims of the Holders of the  Securities against the Company or any other obligor on the Securities and/or its property  allowed in any such proceedings, and to receive payment of or on account of such claims;  provided, however, that nothing herein contained shall be deemed to authorize or empower the  -31- 068301-0006-10016-Active.11878565.5  

 

Trustee to consent to or accept or adopt, on behalf of any Holder of Securities, any plan of  reorganization or readjustment of the Company or any other obligor on the Securities or, by  other action of any character in any such proceeding, to waive or change in any way any right  of any Holder of any Security, even though it may otherwise be entitled so to do under any  present or future law, all such power or authorization being hereby expressly denied.  All rights of action and of asserting claims under this Indenture or under any of the  Securities may be enforced by the Trustee without the possession of any of the Securities or the  production thereof in any trial or other proceedings relative thereto, and any such action or  proceedings instituted by the Trustee shall be brought in its own name as trustee of an express  trust, and any recovery of judgment, subject to the payment of the expenses, disbursements and  compensation of the Trustee, each predecessor Trustee and their respective agents and  attorneys, shall be for the ratable benefit of the holders of the Securities in respect of which  such action was taken.  In any proceedings brought by the Trustee (and also any proceedings involving the  interpretation of any provision of this Indenture to which the Trustee shall be a party), the  Trustee shall be held to represent all the Holders of the Securities in respect of which such  action was taken, and it shall not be necessary to make any Holders of such Securities parties to  any such proceedings.  Section 6.3 Application of Proceeds.  Any moneys collected by the Trustee pursuant to this Article in respect of any series of  Securities, together with any other sums held by the Trustee (as such) hereunder (other than  sums held in trust for the benefit of the Holders of particular Securities), 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 any premium or interest, upon presentation (except in  respect of Subdivision First below) of the several Securities in respect of which moneys have  been collected and stamping (or otherwise noting) thereon the payment, or issuing Securities of  such series in reduced principal amounts in exchange for the presented Securities of like series  if only partially paid, or upon surrender thereof if fully paid:  FIRST: To the payment of costs and expenses applicable to such series in  respect of which moneys have been collected, including reasonable compensation to the  Trustee and each predecessor Trustee and their respective agents and attorneys and of  all expenses and liabilities properly incurred, and all advances made, by the Trustee and  each predecessor Trustee except as a result of negligence or bad faith, and all other  amounts due to the Trustee or any predecessor Trustee pursuant to Section 7.6;  SECOND: To the Holders of Securities of such series for the payment of  amounts then due and payable upon all the Securities of such series for principal and  premium, if any, and interest, if any, and (to the extent that such interest has been  collected by the Trustee), so far as payment of the same is enforceable under applicable  law, interest upon overdue principal, premium or installments of interest, if any, at the  Overdue Rate applicable to such series, without preference or priority of any kind,  -32- 068301·0006·10016·Active.11878565.5  

 

according to the amounts then due and payable on the Securities of such series for  principal, premium and interest, respectively; and  THIRD: To the payment of the remainder, if any, to the Company or as a court  of competent jurisdiction may direct in writing.  Section 6.4 Suits for Enforcement.  In case an Event of Default with respect to Securities of any series has occurred, has not  been waived and is continuing, the Trustee may in its discretion proceed to protect and enforce  the rights vested in it by this Indenture by such appropriate judicial proceedings as the Trustee  shall deem most effectual to protect and enforce any of such rights, either at law or in equity or  in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement  contained in this Indenture or in aid of the exercise of any power granted in this Indenture or to  enforce any other legal or equitable right vested in the Trustee by this Indenture or by law.  Section 6.5 Restoration of Rights on Abandonment of Proceedings.  In case the Trustee or any Holder shall have proceeded to enforce any right under this  Indenture and such proceedings shall have been discontinued or abandoned for any reason, or  shall have been determined adversely to the Trustee or such Holder, then and in every such  case (subject to the binding effect of any determination made in such proceedings) the  Company and the Trustee and each of the Holders shall be restored severally and respectively  to their former positions and rights hereunder, and (subject as aforesaid) all rights, remedies  and powers of the Company, the Trustee and the Holders shall continue as though no such  proceedings had been instituted.  Section 6.6 Limitations on Suits by Securityholders.  Subject to Section 6.7, no Holder of any Security of any series shall have any right by  virtue or by availing of any provision of this Indenture to institute an action or proceeding at  law or in equity or in bankruptcy or otherwise upon or under or with respect to this Indenture,  or for the appointment of a trustee, receiver, liquidator, custodian or other similar official or for  any other remedy hereunder, unless:  (a) such Holder previously shall have given to the Trustee written notice of an  Event of Default and of the continuance thereof;  (b) the Holders of at least 25% in principal amount of the Securities of such series  then Outstanding shall have made written request upon the Trustee to institute such action or  proceeding in its own name as Trustee hereunder;  (c) Holders of the Securities of such series shall have offered to the Trustee  reasonable security or indemnity against any loss, liability or expense to be incurred therein or  thereby;  -33- 068301-0006-10016-Active.11878565.5  

 

(d) the Trustee shall have not complied with such request for 60 days after the  receipt thereof and the offer of security or indemnity; and  (e) Holders of a majority in principal amount of the Securities of such series then  Outstanding shall have not given the Trustee a direction inconsistent with such written request  within such 60-day period;  it being understood and intended, and being expressly covenanted by the taker and Holder of  every Security with every other taker and Holder of any Security and with the Trustee, that no  one or more Holders of Securities of any series shall have any right in any manner whatever by  virtue or by availing of any provision of this Indenture to affect, disturb or prejudice the rights  of any other Holder of Securities, or to obtain or seek to obtain priority over or preference to  any other such Holder or to enforce any right under this Indenture, except in the manner herein  provided and for the equal, ratable and common benefit of all Holders of Securities of such  series. For the protection and enforcement of the provisions of this Section, each and every  Holder of Securities of any series and the Trustee shall be entitled to such relief as can be given  either at law or in equity.  Section 6.7 Unconditional Right of Security holders to Institute Certain Suits.  Nothing contained in this Indenture or in the Securities of any series shall affect or  impair the obligation of the Company, which is unconditional and absolute, to pay the principal  of, and premium, if any, and interest, if any, on the Securities of such series at the respective  places, at the respective times, at the respective rates, in the respective amounts and in the coin  or currency therein and herein prescribed, or affect or impair the right of action, which is also  absolute and unconditional, of any Holder of any Security to institute suit to enforce such  payment at the respective due dates expressed in such Security, or upon redemption, by  declaration, repayment or otherwise as herein provided without reference to, or the consent of,  the Trustee or the Holder of any other Security, unless such Holder consents thereto.  Section 6.8 Powers and Remedies Cumulative; Delay or Omission Not Waiver of  Default.  Except as provided in Section 6.6, no right or remedy herein conferred upon or reserved  to the Trustee or to the Holder of any Security 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.  No delay or omission ofthe Trustee or of any Holder of any Security of any series to  exercise any right or power accruing upon any Event of Default occurring and continuing as  aforesaid shall impair any such right or power or shall be construed to be a waiver of any such  Event of Default or an acquiescence therein; and, subject to Section 6.6, every power and  remedy given by this Indenture or by law to the Trustee or to the Holder of any Security may  -34- 068301-0006-10016-Active.11878565.5  

 

be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by  the Holder of such Security, as the case may be.  Section 6.9 Control by Holders of Securities.  The Holders of a majority in aggregate principal amount of the Securities of each series  affected (with each series voting as a separate class) at the time Outstanding shall have the right  to direct the time, method and place of conducting any proceeding for any remedy available to  the Trustee, or exercising any trust or power conferred on the Trustee with respect to the  Securities of such series by this Indenture; provided that such direction shall not be otherwise  than in accordance with law and the provisions of this Indenture, and provided, further, that  (subj ect to the provisions of Section 7.1) the Trustee shall have the right to decline to follow  any such direction if the Trustee, being advised by counsel, shall determine that the action or  proceeding so directed may not lawfully be taken or if the Trustee in good faith by its board of  directors, the executive committee or a trust committee of directors or Responsible Officers of  the Trustee shall determine that the action or proceedings so directed would expose the Trustee  to personal liability or if the Trustee in good faith shall so determine that the actions or  forebearances specified in or pursuant to such direction would be unduly prejudicial to the  interests of Holders of the Securities of all series so affected not joining in the giving of said  direction, it being understood that (subject to Section 7.1) the Trustee shall have no duty to  ascertain whether or not such actions or forebearances are unduly prejudicial to such Holders.  As between the Trustee and the Holders of the Securities, nothing in this Indenture shall  impair the right of the Trustee in its discretion to take any action deemed proper by the Trustee  and which is not inconsistent with such direction or directions by Securityholders.  Section 6.10 Waiver ofrast Defaults.  The Holders of not less than a majority in principal amount of the Outstanding  Securities of any series on behalf of the Holders of all the Securities of such series may waive  any past default hereunder with respect to such series and its consequences (including waivers  obtained in connection with a purchase of, or tender or exchange offer for, Securities of any  series), except a default:  (1) in the payment of the principal 0 f, or any premium, if any, or interest on, any  Security of such series, except a rescission of acceleration of the Securities of such series by the  Holders of at least a majority in aggregate principal amount of the Securities of such series and  a waiver of the payment default that resulted from such acceleration, or  (2) in respect of a covenant or provision hereof which under Article 10 cannot be  modified or amended without the consent of the Holder of each Outstanding Security of such  series affected.  Upon any such waiver, such default shall cease to exist, and any Event of Default  arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but  no such waiver shall extend to any subsequent or other default or impair any right consequent  thereon.  -35- 068301-0006-10016-Active.11878565.5  

 

Section 6.11 Trustee to Give Notice of Default, But May Withhold in Certain  Circumstances.  The Trustee shall transmit to the Securityholders of any series, as the names and  addresses of such Holders appear on the Security Register, notice by mail or otherwise in  accordance with the procedures of the Depository (i) in the case of a Default or Event of  Default under Section 6. 1 (a) or 6. 1 (b) of this Indenture, of all such Defaults or Events of  Default that a Responsible Officer of the Trustee has actual knowledge of and (ii) in the case of  all other Defaults or Events of Default, of all such Defaults or Events of Default with respect to  which a Responsible Officer of the Trustee has received written notice which have occurred  with respect to such series, such notice to be transmitted within 90 days after the receipt of such  notice, unless such defaults shall have been cured before the giving of such notice (the term  "default" or "defaults" for the purposes of this Section being hereby defined to mean any event  or condition which is, or with notice or lapse of time or both would become, an Event of  Default); provided that, except in the case of a default in the payment of the principal of, or  premium, if any, or interest, if any, on any of the Securities of such series, the Trustee shall be  protected in withholding such notice if and so long as a trust committee of directors or  Responsible Officers of the Trustee in good faith determines that the withholding of such notice  is in the interests of the Securityholders of such series. The Trustee shall be entitled to require  the Paying Agent and all other agents to act under its direction following the occurrence of a  Default or an Event of Default.  Section 6.12 Right of Court to Require Filing of Undertaking to Pay Costs.  The parties to this Indenture agree, and each Holder of any Security by his acceptance  thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit  for the enforcement of any right or remedy under this Indenture or in any suit against the  Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant  in such suit of an undertaking to pay the costs of such suit, and that such court may in its  discretion assess reasonable costs, including reasonable attorneys' fees, against any party  litigant in such suit, having due regard to the merits and good faith of the claims or defenses  made by such party litigant; but the provisions of this Section shall not apply to any suit  instituted by the Trustee, to any suit instituted by any Securityholder or group of  Securityholders of any series holding in the aggregate more than 10% in aggregate principal  amount of the Securities of such series Outstanding, or to any suit instituted by any Holder of  Securities for the enforcement of the payment of the principal of, or premium, if any, or  interest, if any, on, any Security on or after the due date expressed in such Security.  ARTICLE 7  CONCERNING THE TRUSTEE  Section 7.1  Default.  Duties and Responsibilities of the Trustee; During Default; Prior to  With respect to the Holders of any series of Securities issued hereunder, the Trustee,  prior to the occurrence of an Event of Default with respect to the Securities of that series and  after the curing or waiving of all Events of Default which may have occurred with respect to  -36- 068301-0006-10016-Active.11878565.5  

 

such series, undertakes to perform such duties and only such duties as are specifically set forth  in this Indenture. In case an Event of Default with respect to the Securities of a series has  occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and  powers vested in it by this Indenture, and use the same degree of care and skill in their exercise  as a prudent man would exercise or use under the circumstances in the conduct of his own  affairs.  No provision of this Indenture shall be construed to relieve the Trustee from  liability for its own negligent action, its own negligent failure to act, or its own willful  misconduct, except that:  (a) prior to the occurrence of an Event of Default with respect to the Securities of  such series and after the curing or waiving of all such Events of Default with respect to such  series which may have occurred:  (i) the duties and obligations of the Trustee shall be determined solely by  the express provisions ofthis Indenture, and the Trustee shall not be liable except for  the performance of such duties and obligations as are specifically set forth in this  Indenture, and no implied covenants or obligations shall be read into this Indenture  against the Trustee; and  (ii) in the absence of bad faith on the part of the Trustee, the Trustee may  conclusively rely, as to the truth of the statements and the correctness of the opinions  expressed therein, upon any statements, certificates or opinions furnished to the Trustee  and conforming to the requirements of this Indenture; but in the case of any such  statements, certificates or opinions which by any provision hereof are specifically  required to be furnished to the Trustee, the Trustee shall be under a duty to examine the  same to determine whether or not they conform to the requirements of this Indenture;  (b) the Trustee shall not be liable for any error of judgment made in good faith by a  Responsible Officer or Responsible Officers of the Trustee, unless it shall be proved that the  Trustee was negligent in ascertaining the pertinent facts; and  ( c) the Trustee shall not be liable with respect to any action taken or omitted to be  taken by it in good faith in accordance with the direction of the Holders of Securities pursuant  to Section 6.9 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.  Every provision of this Indenture relating to the conduct or affecting the liability  of or affording protection to the Trustee shall be subject to the provisions of this Section 7.1  None of the provisions contained in this Indenture shall require the Trustee to  expend or risk its own funds or otherwise incur personal financial liability in the performance  of any of its duties or in the exercise of any of its rights or powers, if it shall have reasonable  grounds for believing that the repayment of such funds or adequate indemnity against such  liability is not reasonably assured to it.  -37- 068301-0006-10016-Active.11878565.5  

 

Section 7.2 Certain Rights of the Trustee.  Subject to Section 7.1:  ( a) the Trustee may conclusively rely and shall be protected in acting or refraining  from acting upon any resolution, Officer's Certificate, Company Order, Company Request or  any other certificate, statement, instrument, opinion, report, notice, request, consent, order,  bond, debenture, note, coupon, security or other paper or document (whether in original or  facsimile form) believed by it to be genuine and to have been signed or presented by the proper  party or parties;  (b) any request, direction, order or demand of the Company mentioned herein shall  be sufficiently evidenced by an Officer's Certificate (unless other evidence in respect thereof be  herein specifically prescribed); and any resolution of the Board of Directors may be evidenced  to the Trustee by a copy thereof certified by the secretary or any assistant secretary ofthe  Company;  (c) the Trustee may consult with counsel and any advice or Opinion of Counsel  shall be full and complete authorization and protection in respect of any action taken, suffered  or omitted to be taken by it hereunder in good faith and in accordance with such advice or  Opinion of Counsel;  (d) the Trustee shall be under no obligation to exercise any of the trusts or powers  vested in it by this Indenture at the request, order or direction of any of the Securityholders  pursuant to the provisions of this Indenture, unless such Securityholders shall have offered to  the Trustee reasonable security or indemnity satisfactory to it against the costs, expenses and  liabilities which might be incurred therein or thereby;  (e) the Trustee shall not be liable for any action taken or omitted by it in good faith  and believed by it to be authorized or within the discretion, rights or powers conferred upon it  by this Indenture;  (f) 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, statement, instrument, opinion, report,  notice, request, consent, order, approval, appraisal, bond, debenture, note, coupon, security or  other paper or document unless requested in writing by the Holders of not less than a majority  in aggregate principal amount of 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; the reasonable expenses of every such investigation shall be paid by  the Company or, if paid by the Trustee or any predecessor Trustee, shall be reimbursed by the  Company upon demand;  -38- 068301·0006·10016·Active.11878565.5  

 

(g) the Trustee may execute any of the trusts or powers hereunder or perform any  duties hereunder either directly or by or through agents or attorneys not regularly in its employ,  and the Trustee shall not be responsible for any misconduct or negligence on the part of any  such agent or attorney appointed with due care by it hereunder;  (h) the Trustee shall not be bound to make any investigation into the facts or matters  stated in any resolution, certificate, statement, instrument, opinion, report, notice, request,  direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper  or document, but the Trustee, in its discretion, may make such further inquiry or investigation  into such facts or matters as it may see fit, and if the Trustee shall determine to make such  further inquiry or investigation, it shall be entitled to examine during reasonable hours and  upon reasonable notice the books, records and premises of the Company, personally or by agent  or attorney, unless such examination is not permitted by applicable law;  (i) the Trustee shall not be deemed to have notice of any Default or Event of  Default unless (i) in the case ofa Default or Event of Default under Section 6.1 (a) or 6.1(b) of  this Indenture, a Responsible Officer of the Trustee has actual knowledge thereof and (ii) in the  case of all other Defaults or Events of Default, written notice of any event which is in fact such  a Default or Event of Default is received by the Trustee at the Corporate Trust Office ofthe  Trustee, and such notice references the Securities and this Indenture, and nothing herein shall  be deemed to require the Trustee to monitor the financial performance ofthe Company; and  U) the rights, privileges, protections, immunities and benefits given to the Trustee,  including, without limitation, its right to be indemnified, are extended to, and shall be  enforceable by, the Trustee in each of its capacities hereunder (including as Paying Agent, as  applicable), and each agent, custodian and other Person authorized to act on behalf of the  Trustee hereunder.  (k) Nothing hereunder shall require the Trustee or Paying Agent to risk, expend or  advance its own funds, and neither the Trustee nor the Paying Agent shall be liable for interest  on any funds held, except as otherwise set forth herein or as agreed with the Company in  writing.  (1) From time to time, the Trustee may request that the Company deliver an  Officer's Certificate setting forth the names of individuals and/or titles of officers authorized at  such time to take specified actions pursuant to this Indenture.  (m) The Trustee shall have no duty to inquire as to the performance by the Company  of its covenants hereunder.  (n) In no event shall the Trustee be responsible or liable for any special, indirect or  consequential loss or damage of any kind whatsoever (including, but not limited to, loss of  profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or  damage and regardless of the form of action.  -39- 068301-0006-10016-Active.11878565.5  

 

Section 7.3 Trustee Not Responsible for Recitals, Disposition of Securities or  Application of Proceeds Thereof.  The recitals contained herein and in the Securities, except the certificates of  authentication, shall be taken as the statements of the Company, and the Trustee assumes no  responsibility for the correctness of the same, except that the Trustee represents that it is duly  authorized to execute and deliver this Indenture, authenticate the Securities and perform its  obligations hereunder and that the statements made by it in a Statement of Eligibility on  Form T-l supplied to the Company are true and accurate, subject to the qualifications set forth  therein. The Trustee makes no representation as to the validity or sufficiency of this Indenture  or of the Securities. The Trustee shall not be accountable for the use or application by the  Company of any of the Securities or of the proceeds thereof.  Section 7.4 Trustee and Agents May Hold Securities; Collections, etc.  The Trustee, any Paying Agent, Securities Registrar, Authenticating Agent or any agent  of the Company or the Trustee, in its individual or any other capacity, may become the owner  or pledgee of Securities with the same rights it would have if it were not the Trustee or such  agent, and, subject to Section 7.8 and Section 7.13, if operative, may otherwise deal with the  Company and receive, collect, hold and retain collections from the Company with the same  rights it would have if it were not the Trustee, Paying Agent, Securities Registrar,  Authenticating Agent or such agent.  Section 7.5 Moneys Held by Trustee.  Subject to the provisions of Section 12.3, all moneys received by the Trustee shall, until  used or applied as herein provided, be held in trust for the purposes for which they were  received, but need not be segregated from other funds except to the extent required by  mandatory provisions of law. The Trustee shall have no liability for interest on money it  receives and holds in trust except as specifically provided herein.  Section 7.6 Compensation and Indemnification of Trustee and Its Prior Claim.  The Company covenants and agrees to pay the Trustee (including in its roles as Paying  Agent and Securities Registrar, as applicable) from time to time, and the Trustee shall be  entitled to such compensation as the Company and the Trustee may from time to time agree in  writing for all services rendered by the Trustee hereunder (which compensation shall not be  limited by any provision of law in regard to the compensation of a trustee of an express trust)  and the Company covenants and agrees to payor reimburse the Trustee and each predecessor  trustee upon its request for all reasonable and properly incurred expenses, disbursements and  advances incurred or made by or on behalf of it in accordance with any of the provisions of this  Indenture (including the reasonable compensation and the expenses and disbursements of its  counsel and of all agents and other Persons not regularly in its employ) except any such  expense, disbursement or advance as shall be attributable to its negligence or bad faith. The  Company also covenants to indemnify the Trustee (which for purposes of this Section 7.6 shall  be deemed to include its directors, officers, employees and agents) and each predecessor trustee  for, and hold it harmless against, any loss, liability, damage, claims or expense, including taxes  -40- 06830J-0006-JOOJ6-Active.J J 878565.5  

 

(other than taxes measured by the income ofthe Trustee or otherwise applicable to the Trustee  for operations outside the scope of this Indenture) incurred without negligence or bad faith on  its part, arising out of or in connection with the acceptance or administration of this Indenture  or the trusts hereunder and the performance of its duties hereunder, including the costs and  expenses 0 f defending itself against or investigating any claim of liability in connection with  the exercise or performance of any of its powers or duties hereunder except to the extent that  any such loss, liability, damage, claims or expense shall be attributable to the Trustee's  negligence or bad faith. The obligations of the Company under this Section to compensate and  indemnify the Trustee (including in its roles as Paying Agent and Securities Registrar, as  applicable) and each predecessor trustee and to payor reimburse the Trustee and each  predecessor trustee for expenses, disbursements and advances shall constitute additional  obligations hereunder and shall survive the satisfaction and discharge of this Indenture and  resignation or removal of the Trustee. Such additional obligations shall be secured by a Lien  prior 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.  Section 7.7 Right of Trustee to Rely on Officer's Certificate, etc.  Subject to Section 7.1 and Section 7.2, 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 Officer's 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  good faith thereof.  Section 7.8 Qualification of Trustee; Conflicting Interests.  The Trustee for the Securities of any series issued hereunder shall be, or shall deemed to  be, subject to the provisions of Section 310(b) of the Trust Indenture Act. In determining  whether the Trustee has a conflicting interest as defined in Section 31 O(b) of the Trust  Indenture Act with respect to the Securities of any series, there shall be excluded this Indenture  with respect to Securities of any particular series of Securities other than that series.  Section 7.9 Persons Eligible for Appointment as Trustee.  There shall at all times be a Trustee hereunder for each series of Securities, which shall  be at all times either:  (a) a corporation organized and doing business under the laws of the United States  of America or of any State or territory or the District of Columbia, authorized under such laws  to exercise corporate trust powers and subject to supervision or examination by Federal, State,  territory or District of Columbia authority; or  -41- 068301-0006-10016-Active.11878565.5  

 

(b) a corporation or other Person organized and doing business under the laws of a  foreign government that is permitted to act as sole Trustee pursuant to a rule, regulation or  order of the SEC, authorized under such laws to exercise corporate trust powers, and subject to  supervision or examination by authority of such foreign government or a political subdivision  thereof substantially equivalent to supervision or examination applicable to United States  institutional trustees,  in either case having a combined capital and surplus of at least $50,000,000. If such  corporation publishes reports of condition at least annually, pursuant to law or to requirements  of the aforesaid supervising or examining authority, then for the purposes of this Section 7.9,  the combined capital and surplus of such corporation shall be deemed to be its combined  capital and surplus as set forth in its most recent report of condition so published. If at any time  the Trustee for the Securities of any series shall cease to be eligible in accordance with the  provisions of this Section 7.9, it shall resign immediately in the manner and with the effect  hereinafter specified in this Article. Neither the Company nor any Person directly or indirectly  controlling, controlled by, or under common control with the Company shall serve as Trustee  for the Securities of any series issued hereunder.  Section 7.10 Resignation and Removal; Appointment of Successor Trustee.  (a) The Trustee, or any trustee or trustees hereafter appointed, may at any time  resign by giving written notice of resignation to the Company and by mailing notice thereof by  frrst-class mail to Holders of the Securities at their last addresses as they shall appear on the  Security Register or otherwise in accordance with the procedures of the Depository. Upon  receiving such notice of resignation, the Company shall promptly appoint a successor trustee or  trustees by written instrument in duplicate, executed by authority ofthe Board of Directors, one  copy of which instrument shall be delivered to the resigning Trustee and one copy to the  successor trustee or trustees. If no successor trustee shall have been so appointed and have  accepted appointment within 30 days after the mailing of such notice of resignation, the  resigning Trustee may petition at the expense of the Company any court of competent  jurisdiction for the appointment of a successor trustee, or any Securityholder who has been a  bona fide Holder of a Security or Securities for at least six months may, subject to the  provisions of Section 6.12, on behalf of himself and all others similarly situated, petition any  such court for the appointment of a successor trustee. Such court may thereupon, after such  notice, if any, as it may deem proper and prescribe, appoint a successor trustee.  (b) In case at any time any ofthe following shall occur:  (i) the Trustee shall fail to comply with the provisions of Section 31O(b) of  the Trust Indenture Act after written request therefor by the Company or by any  Securityholder who has been a bona fide Holder of a Security or Securities for at least  six months; or  (ii) the Trustee shall cease to be eligible in accordance with the provisions of  Section 7.9 and shall fail to resign after written request therefor by the Company or by  any Securityholder;  -42- 068301-0006-10016-Active.11878565.5  

 

(iii) the Trustee shall become incapable of acting, or shall be adjudged a  bankrupt or insolvent; or  (iv) a receiver or liquidator of the Trustee or of its property shall be  appointed, or any public officer shall take charge or control of the Trustee or of its  property or affairs for the purpose of rehabilitation, conservation or liquidation;  then, in any case, the Company may remove the Trustee and appoint a successor trustee  by written instrument, in duplicate, executed by order of the Board of Directors of the  Company, one copy of which instrument shall be delivered to the Trustee so removed  and one copy to the successor trustee, or, subject to the provisions of Section 6.12, any  Securityholder who has been a bona fide Holder of a Security or Securities for at least  six months may, on behalf of himself and all others similarly situated, petition any court  of competent jurisdiction for the removal of the Trustee and the appointment of a  successor trustee. Such court may thereupon, after such notice, if any, as it may deem  proper and prescribe, remove the Trustee and appoint a successor trustee.  ( c) The Holders of a majority in aggregate principal amount of the Securities at the  time Outstanding may at any time remove the Trustee and appoint a successor trustee by  delivering to the Trustee so removed, to the successor trustee so appointed and to the Company  the evidence provided for in Section 8.1 of the action in that regard taken by the  Securityholders.  (d) No resignation or removal of the Trustee and no appointment ofa successor  trustee pursuant to any of the provisions ofthis Section 7.10 shall become effective until  acceptance of appointment by the successor trustee as provided in Section 7.11.  Section 7.11 Acceptance of Appointment by Successor Trustee.  Any successor trustee appointed as provided in Section 7.10 shall execute, acknowledge  and deliver to the Company and to its predecessor trustee an instrument accepting such  appointment hereunder, and thereupon the resignation or removal of the predecessor trustee  shall become effective and such successor trustee, without any further act, deed or conveyance,  shall become vested with all rights, powers, duties and obligations of its predecessor hereunder,  with like effect as if originally named as trustee hereunder; but nevertheless, on the written  request of the Company or of the successor trustee, upon payment of all amounts due to the  Trustee under Section 7.6, the Trustee ceasing to act shall pay over to the successor trustee all  moneys at the time held by it hereunder and shall execute and deliver an instrument transferring  to such successor trustee all such rights, powers, duties and obligations. Upon request of any  successor trustee, the Company shall execute any and all instruments in writing for more fully  and certainly vesting in and confirming to such successor trustee all such rights and powers.  Any Trustee ceasing to act, shall, nevertheless, retain a prior Lien upon all property or funds  held or collected by such trustee to secure any amounts then due to it pursuant to the provisions  of Section 7.6.  -43- 068301·0006·10016·Active.11878565.5  

 

No successor trustee shall accept appointment as provided in this Section 7.11  unless at the time of such acceptance such successor trustee shall be qualified under the  provisions of Section 7.8 and eligible under the provisions of Section 7.9.  Upon acceptance of appointment by any successor trustee as provided in this  Section 7.11, the Company shall mail notice thereof by first-class mail to the Holders of  Securities at their last addresses as they shall appear on the Security Register or otherwise in  accordance with the procedures of the Depository. If the acceptance of appointment is  substantially contemporaneous with the resignation, then the notice called for by the preceding  sentence may be combined with the notice called for by Section 7.10. If the Company fails to  mail such notice within 10 days after acceptance of appointment by the successor trustee, the  successor trustee shall cause such notice to be mailed at the expense of the Company.  Section 7.12 Merger, Conversion, Consolidation or Succession to Business of Trustee.  Any corporation in which the Trustee may be merged or converted or with which it may  be consolidated, or any corporation resulting from any merger, conversion or consolidation to  which the Trustee shall be a party, or any corporation succeeding to substantially all of the  corporate trust business of the Trustee, shall be the successor of the trustee hereunder without  the execution or filing of any paper or any further act (including the giving of any notice to  Securityholders) on the part of any ofthe parties hereto; provided that such corporation shall be  qualified under the provisions of Section 7.8 and eligible under the provisions of Section 7.9.  In case at the time such successor to the Trustee shall succeed to the trusts  created by this Indenture any of the Securities shall have been authenticated but not delivered,  any such successor to the Trustee may adopt the certificate of authentication of any predecessor  trustee and deliver such Securities so authenticated; and, in case at that time any of the  Securities shall not have been authenticated, any successor to the Trustee may authenticate such  Securities either in the name of any predecessor hereunder or in the name of the successor  trustee; and in all such cases such certificate shall have the full force which it is anywhere in  the Securities or in this Indenture provided for the certificate of authentication of the Trustee.  Section 7.13 Preferential Collection of Claims Against the Company.  (a) Subject to the provisions of this Section, if the Trustee shall be or shall become a  creditor, directly or indirectly, secured or unsecured, of the Company or any other obligor of  the Securities within three months prior to a default, as defined in Section 7. 13 (c), or  subsequent to such a default, then, unless and until such default shall be cured, the Trustee shall  set apart and hold in a special account for the benefit of the Trustee individually, the Holders of  the Securities and the holders of other indenture securities (as defmed in this Section):  (i) an amount equal to any and all reductions in the amount due and owing  upon any claim as such creditor in respect of principal or interest, effected after the  beginning of such three months' period and valid as against the Company and its other  creditors, except any such reduction resulting from the receipt or disposition of any  property described in Section 7. 13 (a)(ii), or from the exercise of any right of set-off  -44- 068301-0006-10016-Active.11878565.5  

 

which the Trustee could have exercised if a petition in bankruptcy had been filed by or  against the Company upon the date of such default; and  (ii) all property received by the Trustee in respect of any claim as such  creditor, either as security therefor, or in satisfaction or composition thereof, or  otherwise, after the beginning of such three months' period, or an amount equal to the  proceeds of any such property, if disposed of, subject, however, to the rights, if any, of  the Company and its other creditors in such property or such proceeds.  Nothing herein contained, however, shall affect the right of the Trustee:  (A) to retain for its own account (i) payments made on account of any such  claim by any Person (other than the Company) who is liable thereon, (ii) the  proceeds of a bona fide sale of any such claim by the Trustee to a third Person,  and (iii) distributions made in cash, securities or other property in respect of  claims filed against the Company in bankruptcy or receivership or in the  proceedings for reorganization pursuant to the Federal Bankruptcy Code or  applicable state law;  (B) to realize, for its own account, upon any property held by it as security  for any such claim, if such property was so held prior to the beginning of such  three months' period;  (C) to realize, for its own account, but only to the extent of the claim  hereinafter mentioned, upon any property held by it as security for any such  claim, if such claim was created after the beginning of such three months' period  and such property was received as security therefor simultaneously with the  creation thereof, and if the Trustee shall sustain the burden of proving that at the  time such property was so received the Trustee has no reasonable cause to  believe that a default as defined by Section 7. 13 (c) would occur within three  months; or  (D) to receive payment on any claim referred to in paragraph (B) or (C)  above, against the release of any property held as security for such claim as  provided in such paragraph (B) or (C), as the case may be, to the extent of the  fair value of such property.  For the purposes of paragraphs (B), (C) and (D), property substituted after the  beginning of such three months' period for property held as security at the time of such  substitution shall, to the extent of the fair value of the property released, have the same status as  the property released, and, to the extent that any claim referred to in any of such paragraphs is  created in renewal 0 f or in substitution for or for the purpose of repaying or refunding any pre­ existing claim of the Trustee as such creditor, such claim shall have the same status as such pre­ existing claim.  If the Trustee shall be required to account, the funds and property held in such  special account and the proceeds thereof shall be apportioned between the Trustee, the Holders  -45- 068301-0006-10016-Active.11878565.5  

 

of the Securities and the holders of other indenture securities in such manner that the Trustee,  such Holders and the holders of other indenture securities realize, as a result of payments from  such special account and payments of dividends on claims filed against the Company in  bankruptcy or receivership or in proceedings for reorganization pursuant to the Federal  Bankruptcy Code or applicable state law, the same percentage of their respective claims,  figured before crediting to the claim of the Trustee anything on account of the receipt by it  from the Company of the funds and property in such special account and before crediting to the  respective claims of the Trustee, Holders of the Securities and the holders of other indenture  securities dividends on claims filed against the Company in bankruptcy or receivership or in  proceedings for reorganization pursuant to the Federal Bankruptcy Code or applicable state  law, but after crediting thereon receipts on account of the indebtedness represented by their  respective claims from all sources other than from such dividends and from the funds and  property so held in such special account. As used in this paragraph, with respect to any claim,  the term "dividends" shall include any distribution with respect to such claim, in bankruptcy or  receivership or in proceedings for reorganization pursuant to the Federal Bankruptcy Code or  applicable state law, whether such distribution is made in cash, securities or other property, but  shall not include any such distribution with respect to the secured portion, if any, of such claim.  The court in which such bankruptcy, receivership or proceeding for reorganization is pending  shall have jurisdiction (i) to apportion between the Trustee, the Holders of Securities and the  holders of other indenture securities, in accordance with the provisions of this paragraph, the  funds and property held in such special account and the proceeds thereof; or (ii) in lieu of such  apportionment, in whole or in part, to give to the provisions of this paragraph due consideration  in determining the fairness of the distributions to be made to the Trustee, the Holders of  Securities and the holders of other indenture securities with respect to their respective claims,  in which event it shall not be necessary to liquidate or to appraise the value of any securities or  other property held in such special account or as security for any such claim, or to make a  specific allocation of such distribution as between the secured and unsecured portions of such  claims, or otherwise to apply the provisions of this paragraph as a mathematical formula.  Any Trustee who has resigned or been removed after the beginning of such three  months' period shall be subject to the provisions of this Section 7. 13 (a) as though such  resignation or removal had not occurred. If any Trustee has resigned or been removed prior to  the beginning of such three months' period, it shall be subject to the provisions of this Section  7.l3(a) if and only if the following conditions exist:  (i) the receipt of property or reduction of claim which would have given rise  to the obligation to account, if such Trustee had continued as trustee, occurred after the  beginning of such three months' period; and  (ii) such receipt of property or reduction of claim occurred within three  months after such resignation or removal.  (b) There shall be excluded from the operation of this Section a creditor relationship  arising from:  -46- 068301·0006·10016·Active.11878565.5  

 

(i) the ownership or acquisition of securities issued under any indenture, or  any security or securities having a maturity of one year or more at the time of  acquisition by the Trustee;  (ii) advances authorized by a receivership or bankruptcy court of competent  jurisdiction or by this Indenture for the purpose of preserving any property which shall  at any time be subject to the lien of this Indenture or of discharging tax liens or other  prior liens or encumbrances thereon, if notice of such advance and of the circumstances  surrounding the making thereof is given to the Holders of the applicable series of  Securities at the time and in the manner provided in this Indenture;  (iii) disbursements made in the ordinary course of business in the capacity of  trustee under an indenture, transfer agent, registrar, custodian, paying agent, fiscal agent  or depository, or other similar capacity;  (iv) an indebtedness created as a result of services rendered or premises  rented or an indebtedness created as a result of goods or securities sold in a cash  transaction as defined in Section 7. 13 (c)(iii);  (v) the ownership of stock or of some other securities of a corporation  organized under the provisions of Section 25(a) of the Federal Reserve Act, as  amended, which is directly or indirectly a creditor of the Company; or  (vi) the acquisition, ownership, acceptance or negotiation of any drafts, bills  of exchange, acceptances or obligations which fall within the classification of self­ liquidating paper as defined in Section 7. 13 (c)(iv).  (c) As used in this Section 7.13:  (i) the term "default" shall mean any failure to make payment in full of the  principal of or interest upon any of the Securities of the applicable series or upon the  other indenture securities when and as such principal or interest becomes due and  payable;  (ii) the term "other indenture securities" shall mean securities upon which  the Company is an obligor (as defined in the Trust Indenture Act) outstanding under any  other indenture (i) under which the Trustee is also trustee, (ii) which contains provisions  substantially similar to the provisions of Section 7. 13 (a), and (iii) under which a default  exists at the time of the apportionment of the funds and property held in said special  account;  (iii) the term "cash transaction" shall mean 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;  -47- 068301-0006-10016-Active.11878565.5  

 

(iv) the term "self-liquidating paper" shall mean 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, manufacture, 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 goods, wares or merchandise previously constituting  the security, provided that 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; and  (v) the term "Company" shall mean the Company or any other obligor (if  any) under the Securities.  Section 7.14 Authenticating Agent.  So long as any Securities remain Outstanding, if the Corporate Trust Office of the  Trustee is not located in the Borough of Manhattan, The City of New York, or otherwise upon  a Company Request, there shall be an authenticating agent (the "Authenticating Agent")  appointed, for such period as the Company shall elect, by the Trustee to act as its agent on its  behalf and subject to its direction in connection with the authentication and delivery of  Securities. Securities authenticated by such Authenticating Agent shall be entitled to the  benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated  by such Trustee. Wherever reference is made in this Indenture to the authentication and  delivery of Securities by the Trustee or to the Trustee's Certificate of Authentication, such  reference shall be deemed to include authentication and delivery on behalf ofthe Trustee by an  Authenticating Agent and a Certificate of Authentication executed on behalf of such Trustee by  such Authenticating Agent. Such Authenticating Agent shall at all times be a corporation  organized and doing business under the laws of the United States of America or of any State or  of the District of Columbia, authorized under such laws to exercise corporate trust powers,  having a combined capital and surplus of at least $50,000,000 and subject to supervision or  examination by Federal, State or District of Columbia authority. If the Corporate Trust Office  of the Trustee is not located in the Borough of Manhattan, The City of New York, the  Authenticating Agent shall have its principal office and place of business in the Borough of  Manhattan, The City of New York.  Any corporation into which any Authenticating Agent may be merged or  converted, or with which it may be consolidated, or any corporation resulting from any merger,  conversion or consolidation to which any Authenticating Agent shall be a party, or any  corporation succeeding to the corporate agency business of any Authenticating Agent, shall  continue to be the Authenticating Agent without the execution or filing of any paper or any  further act on the part of the Trustee or such Authenticating Agent.  Any Authenticating Agent may at any time, and if it shall cease to be eligible  shall, resign by giving written notice of resignation to the Trustee and to the Company. The  Trustee may at any time terminate the agency of any Authenticating Agent by giving written  notice of termination to such Authenticating Agent and to the Company. Upon receiving such  -48- 068301-0006-10016-Active.11878565.5  

 

a notice of resignation or upon such a termination, or in case at any time any Authenticating  Agent shall cease to be eligible in accordance with the provisions of this Section 7.14, the  Trustee shall upon Company Request appoint a successor Authenticating Agent, and the  Company shall provide notice of such appointment to all Holders of Securities in the manner  and to the extent provided in Section 13.4. Any successor Authenticating Agent upon  acceptance of its appointment hereunder shall become vested with all rights, powers, duties and  responsibilities of its predecessor hereunder, with like effect as if originally named as  Authenticating Agent herein. The Company agrees to payor to cause to be paid to the  Authenticating Agent from time to time reasonable compensation for its services. The  Authenticating Agent shall have no responsibility or liability for any action taken by it as such  in good faith at the direction of the Trustee.  ARTICLES  CONCERNING THE HOLDERS OF SECURITIES  Section 8.1 Action by Holders.  Whenever in this Indenture it is provided that the Holders of a specified percentage in  aggregate principal amount of the Securities of any series may take any action (including the  making of any demand or request, the giving of any notice, consent or waiver or the taking of  any other action) the fact that at the time of taking any such action the Holders of such  specified percentage have joined therein may be evidenced (a) by any instrument or any  number of instruments of similar intention executed by Holders in person or by agents or  proxies appo inted in writing, or (b) by the record of Ho lders voting in favor thereof at any  meeting of such Holders duly called and held in accordance with the provisions of Article 9, or  (c) by a combination of such instrument or instruments and any such record of such a meeting  of Holders. The Company may (but shall not be required to) set a record date for purposes of  determining the identity of Securityholders entitled to vote or consent to any action by vote or  consent authorized or permitted under this Indenture, which record date shall be the later of 10  days prior to the first solicitation of such consent or the date of the most recent list of Holders  furnished to the Trustee pursuant to Section 5.1 of this Indenture prior to such solicitation. If a  record date is fixed, those Persons who were Securityholders at such record date (or their duly  designated proxies), and only those Persons, shall be entitled to take such action by vote or  consent or to revoke any vote or consent previously given, whether or not such Persons  continue to be Holders after such record date.  Section 8.2 Proof of Execution of Instruments by Holders of Securities.  Subject to Section 7.1, Section 7.2 and Section 9.5, the execution of any instrument by a  Holder of a Security or his agent or proxy may be proved in any reasonable manner that the  Trustee deems sufficient, including, without limitation, in the following manner:  The fact and date of the execution by any such Person of any instrument may be  proved by the certificate of any notary public or other officer authorized to take  acknowledgments of deeds, that the Person executing such instrument acknowledged to him the  execution thereof, or by an affidavit or written statement of a witness to such execution. Where  such execution is by an officer of a corporation or association or a member of a partnership on  -49- 068301·0006·10016·Active.11878565.5  

 

behalf of such corporation, association or partnership, as the case may be, or by any other  Person acting in a representative capacity, such certificate, affidavit or written statement shall  also constitute sufficient proof of his authority.  The ownership of Securities shall be proved by the Securities Register or by a  certificate of the Securities Registrar.  The record of any Holders' meeting shall be proved in the manner provided in  Section 9.6.  Section 8.3 Holders to be Treated as Owners.  The Company, the Trustee and any agent of the Company or the Trustee may deem and  treat the Person in whose name any Security shall be registered upon the Security Register as  the absolute owner of such Security (notwithstanding any notation of ownership or other  writing thereon) for the purpose of receiving payment of principal of, and premium, if any, and  (subject to Section 3.6 and Section 3.8) interest, if any, on, such Security, and for all other  purposes whatsoever, whether or not payment in respect of such Security be overdue, and  neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected  by notice to the contrary. All such payments so made to any Holder shall be valid, and, to the  extent of the sum or sums so paid, effectual to satisfy and discharge the liability for moneys  payable upon such Security.  None of the Company, the Trustee or any agent of the Company or the Trustee  shall have any responsibility or liability for any aspect of the records relating to or payments  made on account of beneficial ownership interests of a Global Security, or for maintaining,  supervising or reviewing any records relating to such beneficial ownership interests.  Notwithstanding the foregoing, with respect to any Global Security, nothing herein shall  prevent the Company or the Trustee or any agent of the Company or the Trustee from giving  effect to any written certification, proxy or other authorization furnished by any Depository (or  its nominee), as a Holder, with respect to such Global Security or impair, as between such  Depository and owners of beneficial interests in such Global Security, the operation of  customary practices governing the exercise 0 f the right of such Depository (or its nominee) as  Holder of such Global Security.  Section 8.4 Securities Owned by Company Deemed Not Outstanding.  In determining whether the Holders of the requisite aggregate principal amount of  Securities of any or all series have concurred in any direction, consent or waiver under this  Indenture, Securities which are owned by the Company or any Affiliate of the Company shall  be disregarded and deemed not to be Outstanding for the purpose of any such determination,  except that for the purpose of determining whether the Trustee shall be protected in relying on  any such direction, consent or waiver only Securities which the Trustee knows are so owned  shall be so disregarded. Securities so owned which have been pledged in good faith may be  regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the  pledgee's right so to act with respect to such Securities and that the pledgee is not the Company  or any Affiliate of the Company. In case of a dispute as to such right, the advice of counsel  -50- 068301-0006-10016-Active.l1878565.5  

 

shall be full protection in respect of any decision made by the Trustee in accordance with such  advice. Upon request of the Trustee, the Company shall furnish to the Trustee promptly an  Officer's Certificate listing and identifying all Securities, if any, known by the Company to be  owned or held by or for the account of the Company or any Affiliate of the Company; and,  subject to Section 7.1 and Section 7.2, the Trustee shall be entitled to accept such Officer's  Certificate as conclusive evidence of the facts therein set forth and of the fact that all Securities  not listed therein are Outstanding for the purpose of any such determination.  Section 8.5 Right of Revocation of Action Taken.  At any time prior to (but not after) the evidencing to the Trustee, as provided in Section  8.1, of the taking of any action by the Holders 0 f the percentage in aggregate principal amount  of the Securities of any or all series, as the case may be, specified in this Indenture in  connection with such action, any Holder of a Security, the number, letter or other  distinguishing symbol of which is shown by the evidence to be included in the Securities the  Holders of which have consented to such action, may, by filing written notice at the Corporate  Trust Office and upon proof of holding as provided in this Article, revoke such action so far as  concerns such Security. Except as aforesaid, any such action taken by the Holder of any  Security shall be conclusive and binding upon such Holder and upon all future Holders and  owners of such Security and of any Securities issued in exchange or substitution therefor,  irrespective of whether or not any notation in regard thereto is made upon any such Security or  such other Security. Any action taken by the Holders of the percentage in aggregate principal  amount ofthe Securities of any or all series, as the case may be, specified in this Indenture in  connection with such action shall be conclusively binding upon the Company, the Trustee and  the Holders of all the Securities affected by such action.  ARTICLE 9  HOLDERS' MEETINGS  Section 9.1 Purposes of Meetings.  A meeting of Holders of Securities of any or all series may be called at any time and  from time to time pursuant to the provisions of this Article for any of the following purposes:  (a) to give any notice to the Company or to the Trustee for the Securities of such  series, or to give any directions to the Trustee, or to consent to the waiving of any default  hereunder and its consequences, or to take any other action authorized to be taken by Holders  pursuant to any of the provisions of Article 6;  (b) to remove the Trustee and nominate a successor Trustee pursuant to the  provisions of Article 7;  (c) to consent to the execution of an indenture or indentures supplemental hereto  pursuant to the provisions of Section 10.2; or  -51- 068301-0006-10016-Active.11878565.5  

 

(d) to take any other action authorized to be taken by or on behalf ofthe Holders of  any specified aggregate principal amount of the Securities of anyone or more or all series, as  the case may be, under any other provision of this Indenture or under applicable law.  Section 9.2 Call of Meetings by Trustee.  The Trustee may at any time call a meeting of Holders of Securities to take any action  specified in Section 9.1, to be held at such time and at such place in the Borough of Manhattan,  The City of New York, or such other Place of Payment, as the Trustee shall determine. Notice  of every meeting of the Holders of Securities, setting forth the time and the place of such  meeting, and in general terms the action proposed to be taken at such meeting, shall be given to  Holders of Securities of the particular series in the manner and to the extent provided in  Section 13.4. Such notice shall be given not less than 10 nor more than 60 days prior to the  date fixed for the meeting.  Section 9.3 Call of Meetings by Company or Holders.  In case at any time the Company, pursuant to a resolution of its Board of Directors, or  the Holders of at least 10% in aggregate principal amount of the Outstanding Securities of any  or all series, as the case may be, shall have requested the Trustee to call a meeting of Holders of  Securities of any or all series, as the case may be, by written request setting forth in reasonable  detail the action proposed to be taken at the meeting, and the Trustee for such series shall not  have given the notice of such meeting within 20 days after receipt of such request, then the  Company or such Holders, as the case may be, may determine the time and the place in the  Borough of Manhattan or other Place of Payment for such meeting and may call such meeting  to take any action authorized in Section 9.1, by giving notice thereof as provided in Section 9.2.  Section 9.4 Qualifications for Voting.  To be entitled to vote at any meeting of Holders a Person shall be (a) a Holder of one or  more outstanding Securities with respect to which such meeting is being held or (b) a Person  appointed by an instrument in writing as proxy by such Holder. The only Persons who shall be  entitled to be present or to speak at any meeting of Holders shall be the Persons entitled to vote  at such meeting and their counsel and any representatives of the Trustee and its counsel and any  representatives of the Company and its counsel.  Section 9.5 Regulations.  Notwithstanding any other provisions of this Indenture, the Trustee may make such  reasonable regulations as it may deem advisable for any meeting of Holders of the Securities in  regard to proof of the holding of Securities and of the appointment of proxies, and in regard to  the appointment and duties of inspectors of votes, the submission and examination of proxies,  certificates and other evidence of the right to vote, and such other matters concerning the  conduct of the meeting as it shall think fit.  The Trustee shall, by an instrument in writing, appoint a temporary chairman of  the meeting, unless the meeting shall have been called by the Company or by Holders of  -52- 068301-0006-10016-Active.11878565.5  

 

Securities as provided in Section 9.3, in which case the Company or the Holders calling the  meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent  chairman and a permanent secretary of the meeting shall be elected by majority vote of the  meeting.  Subject to Section 8.4, at any meeting each Holder of Securities with respect to  which such meeting is being held or proxy therefor shall be entitled to one vote for each $1,000  principal amount (in the case of Original Issue Discount Securities, such principal amount to be  determined as provided in the definition of "Outstanding") of Securities held or represented by  him; provided, however, that no vote shall be cast or counted at any meeting in respect of any  such Security challenged as not Outstanding and ruled by the chairman of the meeting to be not  Outstanding. The chairman of the meeting shall have no right to vote other than by virtue of  Securities held by him or instruments in writing aforesaid duly designating him as the Person to  vote on behalf of other Holders. At any meeting of Holders, the presence of Persons holding or  representing Securities with respect to which such meeting is being held in an aggregate  principal amount sufficient to take action on the business for the transaction of which such  meeting was called shall constitute a quorum, but, if less than a quorum is present, the Persons  holding or representing a majority in aggregate principal amount of such Securities represented  at the meeting may adjourn such meeting with the same effect, for all intents and purposes, as  though a quorum had been present. Any meeting of Holders of Securities with respect to which  a meeting was duly called pursuant to the provisions of Section 9.2 or Section 9.3 may be  adjourned from time to time by Persons holding or representing a majority in aggregate  principal amount of such Securities represented at the meeting, present, whether or not  constituting a quorum, and the meeting may be held as so adjourned without further notice.  Section 9.6 Voting.  The vote upon any resolution submitted to any meeting of Holders of Securities with  respect to which such meeting is being held shall be by written ballots on which shall be  subscribed the signatures of such Holders or of their representatives by proxy and the serial  number or numbers of the Securities held or represented by them. The permanent chairman of  the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting  for or against any resolution and who shall make and file with the secretary of the meeting their  verified written reports in duplicate of all votes cast at the meeting. A record in duplicate of the  proceedings of each meeting of holders shall be prepared by the secretary of the meeting and  there shall be attached to said record the original reports of the inspectors of votes on any vote  by ballot taken thereat and affidavits by one or more Persons having knowledge of the facts  setting forth a copy of the notice of the meeting and showing that said notice was mailed as  provided in Section 9.2. The record shall show the serial numbers or otherwise identify the  Securities voting in favor of or against any resolution. The record shall be signed and verified  by the affidavits of the permanent chairman and secretary of the meeting and one of the  duplicates shall be delivered to the Company and the other to the Trustee to be preserved by the  Trustee.  Any record so signed and verified shall be conclusive evidence of the matters  therein stated.  -53- 068301-0006-10016-Active.11878565.5  

 

Section 9.7 No Delay of Rights by Reason of Meeting.  Nothing in this Article contained shall be deemed or construed to authorize or permit,  by reason of any call of a meeting of Holders or any rights expressly or impliedly conferred  hereunder to make such call, any hindrance or delay in the exercise of any right or rights  conferred upon or reserved to the Trustee or to the Holders under any of the provisions of this  Indenture or of the Securities of any series.  ARTICLE 10  SUPPLEMENTAL INDENTURES  Section 10.1 Supplemental Indentures Without Consent of Securityho lders.  Without the consent of any Holders of Securities, the Company, when authorized by a  resolution of its Board of Directors, and the Trustee may from time to time and at any time  enter into an indenture or indentures supplemental hereto for one or more of the following  purposes:  ( a) to cure any ambiguity, omission, mistake, defect or inconsistency;  (b) to provide for uncertificated Securities of any series in addition to or in place of  certificated Securities of such series;  (c) to provide for the assumption of the Company's obligations to the Holders;  (d) to make any change that would provide any additional rights or benefits to the  Holders of Securities of any series or that does not materially adversely affect the legal rights  under the Indenture of any such Holder;  (e) to add covenants for the benefit of the Holders of Securities of any series or to  surrender any right or power conferred upon the Company;  (f) to comply with requirements of the SEC in order to effect or maintain the  qualification of this Indenture under the Trust Indenture Act;  (g) to evidence and provide for the acceptance and appointment under this Indenture  of a successor Trustee hereunder pursuant to the requirements thereof or to otherwise comply  with any requirement of this Indenture;  (h) to provide for the issuance of exchange securities or private exchange securities,  which are identical to exchange securities except that they are not freely transferable;  (i) to add a guarantor with respect to the Securities of any series;  (j) to conform the text of this Indenture, any supplemental indenture or the  Securities of any series to any provision of any "Description of Notes" or any similar section  included in any offering document that describes or summarizes the terms of the Securities of  such series to the extent that such provision in such "Description of Notes" or similar section  -54- 068301·0006·10016·Active.11878565.5  

 

was intended to be a verbatim recitation of a provision of this Indenture, any supplemental  indenture or the Securities of such series;  (k) to make any amendment to the provisions of this Indenture relating to the  transfer and legending of Securities of any series as permitted by this Indenture, including,  without limitation, to facilitate the issuance and administration of the Securities of such series;  provided, however, that (i) compliance with this Indenture as so amended would not result in  Securities of such series being transferred in violation of the Securities Act or any applicable  securities law and (ii) such amendment does not materially and adversely affect the rights of  Holders to transfer Securities of such series; or  (1) to mortgage, pledge, hypothecate or grant any other Lien in favor of the Trustee  for the benefit of the Holders of the Securities of any series, as security for the payment and  performance of all or any portion of the obligations of the Company under this Indenture and  the Securities of such series, in any property or assets.  The Trustee is hereby authorized to join with the Company in the execution of any such  supplemental indenture, to make any further appropriate agreements and stipulations, which  may be therein contained and to accept the conveyance, transfer, assignment, mortgage or  pledge of any property thereunder, but the Trustee shall not be obligated to enter into any such  supplemental indenture which affects the Trustee's own rights, duties or immunities under this  Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be  obligated to, enter into such supplemental indenture.  Any supplemental indenture authorized by the provisions of this Section may be  executed without the consent of the Holders of any of the Securities at the time Outstanding,  notwithstanding any of the provisions of Section 10.2.  Section 10.2 Supplemental Indentures With Consent of Securityholders.  With the consent (evidenced as provided in Article 8) of the Holders of not less than a  majority in aggregate principal amount of the Securities at the time Outstanding of all series  affected by such supplemental indenture, voting as one class (including consents obtained in  connection with a purchase of, or tender or exchange offer for, Securities of any series), the  Company, when authorized by a resolution of its Board of Directors, and the Trustee may, from  time to time and at any time, enter into an indenture or indentures supplemental hereto for the  purpose of adding any provisions to or changing in any manner or eliminating any of the  provisions of this Indenture or of any supplemental indenture or of modifying in any manner  the rights of the Holders of the Securities of each such series; provided that, without the  consent of each affected Holder of Securities of any series, no such supplemental indenture  shall, with respect to the Securities of any series held by a non-consenting Holder:  ( a) reduce the principal amount of such series of Securities whose Holders must  consent to an amendment, supplement or waiver;  -55- 068301-0006-10016-Active.11878565.5  

 

(b) reduce the principal amount of or change the fixed final maturity of any such  series of Securities or alter or waive the provisions with respect to the redemption of such series  of Securities;  ( c) reduce the rate of or change the time for payment of interest on any Security of  such series;  (d) waive a Default in the payment of principal of or premium, if any, or interest, if  any, on the Securities of such series, except a rescission of acceleration of the Securities of such  series by the Holders of at least a majority in aggregate principal amount of the Securities of  such series and a waiver of the payment default that resulted from such acceleration, or in  respect of a covenant or provision contained in this Indenture which cannot be amended or  modified without the consent of all Holders of Securities of such series;  (e) make any Security of any series payable in money other than that stated therein;  (f) make any change in the provisions of Section 6.10 or in the provisions in this  Indenture relating to the rights of Holders to receive payments of principal of or premium, if  any, or interest, if any, on the Securities of such series;  (g) make any change in the provisions of Section 10.2; or  (h) impair the right of any Ho lder to receive payment of principal 0 f, or interest, if  any, on such Holder's Securities of such series on or after the due dates therefor or to institute  suit for the enforcement of any payment on or with respect to such Holder's Securities of such  senes.  Upon the request of the Company, accompanied by a Board Resolution authorizing the  execution of any such supplemental indenture, and upon providing the Trustee with evidence of  the consent of Securityholders as aforesaid and other documents, if any, required by  Section 8.1, the Trustee shall join with the Company in the execution of such supplemental  indenture unless such supplemental indenture affects the Trustee's own rights, duties or  immunities under this Indenture or otherwise, in which case the Trustee may in its discretion,  but shall not be obligated to, enter into such supplemental indenture.  It shall not be necessary for the consent of the Securityholders under this Section to  approve the particular form of any proposed supplemental indenture, but it shall be sufficient if  such consent shall approve the substance thereof.  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 the Holders of Securities of such  series with respect to such covenant or other provision, shall be deemed not to affect the rights  under this Indenture of the Holders of Securities of any other series.  -56- 068301-0006-10016-Active.11878S6S.S  

 

Section 10.3 Notice of Supplemental Indenture.  Promptly after the execution by the Company and the Trustee of any supplemental  indenture pursuant to the provisions of Section 10.2, the Company shall give a notice thereof  by first-class mail to the Holders of Securities of each series affected thereby at their addresses  as they shall appear on the Security Register or otherwise in accordance with the procedures of  the Depository, setting forth in general terms the substance of such supplemental indenture.  Any failure of the Company to give such notice, or any defect therein, shall not, however, in  any way impair or affect the validity of any such supplemental indenture.  Section 10.4 Effect of Supplemental Indenture.  Upon the execution of any supplemental indenture pursuant to the provisions of this  Article, this Indenture shall be modified and amended in accordance therewith, but only with  regard to the Securities of each series affected by such supplemental indenture, and the  respective rights, limitations of rights, obligations, duties and immunities under this Indenture  of the Trustee, the Company and the Holders of any Securities of such series affected thereby  shall thereafter be determined, exercised and enforced hereunder subject in all respects to such  modifications and amendments, and all the terms and conditions of any such supplemental  indenture shall be part of the terms and conditions of this Indenture for any and all purposes  with regard to the Securities of such series.  Section 10.5 Documents To Be Given to Trustee.  The Trustee, subject to the provisions of Section 7.1 and Section 7.2, shall be provided  with an Officer's Certificate and an Opinion of Counsel as conclusive evidence that any  supplemental indenture executed pursuant to this Article complies with the applicable  provisions of this Indenture and is authorized or permitted by this Indenture.  Section 10.6 Notation on Securities in Respect of Supplemental Indentures.  Securities of any series affected by any supplemental indenture which are authenticated  and delivered after the execution of such supplemental indenture pursuant to the provisions of  this Article may bear a notation in form approved by the Company and the Trustee as to any  matter provided for in such supplemental indenture. If the Company shall so determine, new  Securities of any series so modified as to conform, in the opinion of the Company, to any  modification of this Indenture contained in any such supplemental indenture may be prepared  by the Company, authenticated by the Trustee and delivered in exchange for the Securities of  such series then Outstanding.  ARTICLE 11  CONSOLIDATION, AMALGAMATION, MERGER OR SALE  Section 11.1 Company May Merge, Consolidate, Etc., Only on Certain Terms.  Unless otherwise provided in the Board Resolution or supplemental indenture pursuant  to Section 3.1 establishing the terms of a particular series of Securities, so long as any Security  -57- 068301-0006·10016·Active.11878565.5  

 

remains Outstanding, the Company shall not consolidate or merge with or into or wind up into  (whether or not the Company Issuer is the surviving entity), or sell, assign, transfer, lease,  conveyor otherwise dispose of all or substantially all of its properties or assets, in one or more  related transactions, to any Person unless:  (a) (x) the Company is the surviving entity, or (y) the Person formed by or  surviving any such consolidation or merger (if other than the Company) or to which such sale,  assignment, transfer, lease, conveyance or other disposition will have been made is an entity  organized or existing under the laws of the United States, any state or territory thereof or the  District of Columbia (such Person being herein called the "Successor Person");  (b) the Successor Person, if other than the Company, expressly assumes all the  obligations of the Company under the Indenture and the Securities pursuant to supplemental  indentures or other documents or instruments in form reasonably satisfactory to the Trustee;  ( c) immediately after such transaction, no Default with respect to any series of  Securities exists; and  (d) the Company or the Successor Person shall have delivered to the Trustee an  Officer's Certificate and an Opinion of Counsel, each stating that such consolidation, merger or  transfer and such supplemental indentures, if any, comply with the Indenture.  Section 11.2 [Reserved.]  Section 11.3 Successor Person Substituted.  Upon any consolidation or merger of the Company with or into any other Person or any  sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the  property and assets of the Company in accordance with Section 11.1, the Successor Person  formed by such consolidation or into which the Company is merged or the successor Person or  to which such sale, assignment, transfer, lease, conveyance 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, except in the case of a lease, the predecessor Person or Persons  shall be relieved of all obligations and covenants under this Indenture and the Securities and in  the event of such sale, assignment, transfer, lease, conveyance or other disposition, except in  the case of a lease, any such predecessor Person may be dissolved and liquidated.  ARTICLE 12  SATISFACTION AND DISCHARGE OF INDENTURE,  DEFEASANCE, UNCLAIMED MONEYS  Section 12.1 Satisfaction and Discharge of Securities of Any Series.  The Company shall be deemed to have satisfied and discharged this Indenture with  respect to the entire indebtedness on all the Outstanding Securities of any particular series, and  -58- 068301-0006-10016-Active.11878565.5  

 

the Trustee, at the expense of the Company and upon Company Request, shall execute proper  instruments acknowledging such satisfaction and discharge, when either:  (a) all Outstanding Securities of such series theretofore authenticated and delivered  (other than (i) any Securities of such series which have been destroyed, lost or stolen and which  have been replaced or paid as provided in Section 3.7 and (ii) Outstanding Securities of such  series for whose payment money has theretofore been deposited in trust or segregated and held  in trust by the Company, as provided in Section 12.3) have been delivered to the Trustee for  cancellation; or  (b)  (i) all Outstanding Securities of such series described in clause (a) above  (other than the Securities referred to in the parenthetical phrase thereof) not theretofore  delivered to the Trustee for cancellation have become due and payable by reason of the  making of a notice of redemption or otherwise, will 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 0 f notice of redemption by the Trustee in the name, and at  the expense, of the Company and the Company has irrevocably deposited or caused to  be deposited with the Trustee as trust funds in trust solely for the benefit of Holders of  Securities of such series cash in U.S. Dollars, Government Securities, or a combination  thereof, in such amounts as will be sufficient without consideration of any reinvestment  of interest to pay and discharge the entire indebtedness on all such Outstanding  Securities of such series not therefore delivered to the Trustee for cancellation for  principal, premium, if any, and accrued interest, if any, to the date of maturity or  redemption;  (ii) no Default (other than that resulting from borrowing funds to be applied  to make such deposit or any similar and simultaneous deposit relating to other  Indebtedness and the granting of Liens in connection therewith) with respect to the  Indenture as it relates to the Securities of such series or the Securities of such series  shall have occurred and be continuing on the date of such deposit or shall occur as a  result of such deposit and such deposit will not result in a breach or violation of, or  constitute a default under, any material agreement or instrument (other than this  Indenture) to which the Company is a party or by which the Company is bound (other  than resulting from any borrowing of funds to be applied to make such deposit and any  similar and simultaneous deposit relating to such other Indebtedness and the granting of  Liens in connection therewith);  (iii) the Company has paid or caused to be paid all sums payable by it under  this Indenture with respect to the Outstanding Securities of such series, including all  fees due to the Trustee under Section 7.6; and  (iv) the Company has delivered irrevocable instructions to the Trustee to  apply the deposited money toward the payment of the Securities of such series at  maturity or the redemption date, as the case may be.  -59- 068301-0006-10016-Active.11878565.5  

 

(c) In addition, the Company shall deliver to the Trustee an Officer's Certificate and  an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to  the satisfaction and discharge of this Indenture with respect to the entire indebtedness on all  Outstanding Securities of any such series have been satisfied.  Upon the satisfaction of the conditions set forth in this Section 12.1 with respect to all  the Outstanding Securities of any series, the terms and conditions with respect thereto set forth  in this Indenture shall no longer be binding upon, or applicable to, the Company; provided,  however, that the Company shall not be discharged from (a) any obligations under Section 7.6  and Section 7.10 and (b) any obligations under Section 3.6, Section 3.7, Section 5.1 and  Section 12.3; and provided, further, that in the event a petition for relief under Bankruptcy Law  is filed with respect to the Company within 91 days after the deposit, this Indenture with  respect to the entire indebtedness on all Securities of such series shall not be discharged, and in  such event the Trustee shall return such deposited funds or obligations as it is then holding to  the Company upon Company Request.  Section 12.2 Legal Defeasance and Covenant Defeasance.  (a) Unless otherwise specified with respect to Securities of a particular series  pursuant to Section 3.1, the Company may, at its option and at any time, elect to have Section  12.2(b) or Section 12.2( c) be applied to all Outstanding Securities of any series upon  compliance with the conditions set forth below in this Section 12.2.  (b) Upon the Company's exercise of the above option applicable to this Section  12.2(b) with respect to any Securities of or within a series, the Company shall, subject to the  satisfaction ofthe conditions set forth in Section 12.2(d), be deemed to have been discharged  from its obligations with respect to such Outstanding Securities on the date the conditions set  forth in clause (d) of this Section 12.2 are satisfied (hereinafter, "Legal Defeasance"). For this  purpose, Legal Defeasance means that the Company shall be deemed to have paid and  discharged the entire indebtedness represented by such Outstanding Securities which shall  thereafter be deemed to be "Outstanding" only for the purposes of Section 12.3 and the other  Sections of this Indenture referred to in clauses (i) and (ii) below, and to have satisfied all of its  other obligations under the Securities of such series and this Indenture insofar as such  Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper  instruments acknowledging the same), except for the following which shall survive until  otherwise terminated or discharged hereunder: (i) the rights of Holders of such Outstanding  Securities to receive payments in respect of the principal of, and premium, if any, and interest,  if any, on such Securities when such payments are due solely out of the trust fund created  pursuant to clause (d) of this Section 12.2, and any rights of such Holder to convert such  Securities into Common Stock of the Company or exchange such Securities for other securities;  (ii) the Company's obligations with respect to such Securities concerning issuing temporary  Securities, mutilated, destroyed, lost or stolen Securities and the maintenance of an office or  agency for payment of money for security payments held in trust, and with respect to any rights  to convert such Securities into Common Stock of the Company or exchange such Securities for  other securities; (iii) the rights, powers, trusts, duties and immunities of the Trustee hereunder  including, without limitation, the compensation, reimbursement and indemnities provided in  -60- 068301-0006-10016-Active.l 1 878565.5  

 

Section 7.6 herein, and the Company's obligations in connection therewith; and (iv) this  Section 12.2(b). The Company may exercise its option under this Section 12.2(b)  notwithstanding the prior exercise of its option under clause (c) of this Section 12.2 with  respect to such Securities.  (c) Upon the Company's exercise of the option to have this Section 12.2(c) apply  with respect to any Securities of or within a series, the Company shall, subject to the  satisfaction of the conditions set forth in Section 12.2(d), be released from its obligations under  the covenants contained in Sections 4.7, 4.9 and 5.3 and its obligations under any covenants  contained in any supplemental indenture applicable to such Securities with respect to such  Outstanding Securities on and after the date the conditions set forth in clause (d) of this Section  12.2 are satisfied (hereinafter, "Covenant Defeasance"), and such Securities shall thereafter be  deemed to be not "Outstanding" for the purposes of any direction, waiver, consent or  declaration or Act of Ho lders (and the consequences of any thereo f) in connection with any  such covenant or obligation, but shall continue to be deemed "Outstanding" for all other  purposes hereunder. For this purpose, Covenant Defeasance means that, with respect to such  Outstanding Securities, the Company may omit to comply with, and shall have no liability in  respect of, any term, condition or limitation set forth in any such Section or such other covenant  or obligation, whether directly or indirectly, by reason of any reference elsewhere herein to any  such Section or such other covenant or obligation or by reason of reference in any such Section  or such other covenant to any other provision herein or in any other document and such  omission to comply shall not constitute a Default or an Event of Default under Section 6.1 but,  except as specified above, the remainder of this Indenture and such Securities shall be  unaffected thereby. In addition, upon the Company's exercise of the option to have this  Section 12.2( c) apply with respect to any Securities of or within a series, subject to the  satisfaction of the conditions set forth in Section 12.2(d), Sections 6.1(c), 6.1(d) and 6.l(g)  shall not constitute Events of Default.  (d) The fo llowing shall be the conditions to application of clause (b) or ( c) of this  Section 12.2 to any Outstanding Securities of or within a series:  (i) the Company shall irrevocably deposit with the Trustee, in trust, for the  benefit of the Holders of the Securities of such series, cash in U.S. dollars, Government  Securities, or a combination thereof, in such amounts as will be sufficient, in the  opinion of a nationally recognized firm of independent public accountants, to pay the  principal of, premium, if any, and interest, if any, due on the Securities of such series on  the stated maturity date or on the redemption date, as the case may be, of such principal,  premium, if any, or interest, if any, on the Securities of such series and the Company  shall specify whether the Securities of such series are being defeased to maturity or to a  particular redemption date;  (ii) in the case of Legal Defeasance, the Company shall have delivered to the  Trustee an Opinion of Counsel confirming that, subject to customary assumptions and  exclusions, (x) the Company has received from, or there has been published by, the  United States Internal Revenue Service a ruling, or (y) since the issuance of the  Securities of such series, there has been a change in the applicable U.S. federal income  -61- 068301·0006-10016-Active.11878565.5  

 

tax law, in either case to the effect that, and based thereon such Opinion of Counsel  shall confinn that, subject to customary assumptions and exclusions, the Holders of the  Securities of such series will not recognize income, gain or loss for U.S. federal income  tax purposes, as applicable, as a result of such Legal Defeasance and will be subject to  U. S. federal income tax on the same amounts, in the same manner and at the same times  as would have been the case if such Legal Defeasance had not occurred;  (iii) in the case of Covenant Defeasance, the Company shall have delivered to  the Trustee an Opinion of Counsel confinning that, subject to customary assumptions  and exclusions, the Holders of the Securities of such series will not recognize income,  gain or loss for U.S. federal income tax purposes as a result of such Covenant  Defeasance and will be subject to U.S. federal income tax on the same amounts, in the  same manner and at the same times as would have been the case if such Covenant  Defeasance had not occurred;  (iv) no Default (other than that resulting from borrowing funds to be applied  to make such deposit and any similar and simultaneous deposit relating to other  Indebtedness and, in each case, the granting of Liens in connection therewith) shall  have occurred and be continuing on the date of such deposit;  (v) such Legal Defeasance or Covenant Defeasance shall not result in a  breach or violation of, or constitute a default under, any material agreement or  instrument (other than the Indenture) to which the Company is a party or by which the  Company is bound (other than that resulting from any borrowing of funds to be applied  to make the deposit required to effect such Legal Defeasance or Covenant Defeasance  and any similar and simultaneous deposit relating to such other Indebtedness, and the  granting of Liens in connection therewith);  (vi) the Company shall have delivered to the Trustee an Opinion of Counsel  to the effect that, as of the date of such opinion and subject to customary assumptions  and exclusions following the deposit, the trust funds will not be subject to the effect of  Section 547 of Title 11 of the United States Code;  (vii) the Company shall have delivered to the Trustee an Officer's Certificate  stating that the deposit was not made by the Company with the intent of defeating,  hindering, delaying or defrauding any creditors of the Company or others;  (viii) the Company shall have delivered to the Trustee an Officer's Certificate  and an Opinion of Counsel (which Opinion of Counsel may be subject to customary  assumptions and exclusions), each stating that all conditions precedent for or relating to  the Legal Defeasance or Covenant Defeasance under clause (b) or ( c) of this Section  12.2, as the case may be, have been complied with; and  (ix) notwithstanding any other provision of this Section 12.2(d), such Legal  Defeasance or Covenant Defeasance shall be effected in compliance with any additional  or substitute terms, conditions or limitations in respect of the Securities of any series  which may be imposed on the Company pursuant to Section 3.1.  -62- 068301-0006-10016-Active.11878565.5  

 

( e) Unless otherwise specified in or pursuant to this Indenture, if, after a deposit  referred to in Section 12.2( d)(i) has been made, (i) the Holder of a Security in respect of which  such deposit was made is entitled to, and does, elect pursuant to Section 3.1 or the terms of  such Security to receive payment in a Currency other than that in which the deposit pursuant to  Section 12.2( d) (i) has been made in respect of such Security, or (ii) a Conversion Event occurs  in respect of the Foreign Currency in which the deposit pursuant to Section 12.2(d)(i) has been  made, the indebtedness represented by such Security shall be deemed to have been, and will be,  fully discharged and satisfied through the payment of the principal of, premium, if any, and  interest, if any, on such Security as the same becomes due out of the proceeds yielded by  converting (from time to time as specified below in the case of any such election) the amount  or other property deposited in respect of such Security into the Currency in which such Security  becomes payable as a result of such election or Conversion Event based on (x) in the case of  payments made pursuant to clause (i) above, the applicable market exchange rate for such  Currency in effect on the second Business Day prior to each payment date, or (y) with respect  to a Conversion Event, the applicable market exchange rate for such Foreign Currency in effect  (as nearly as feasible) at the time of the Conversion Event.  The Company shall pay and indemnify the Trustee against any tax, fee or other charge,  imposed on or assessed against the Government Securities deposited pursuant to this Section  12.2 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 such Outstanding Securities.  Anything in this Section 12.2 to the contrary notwithstanding, the Trustee shall deliver  or pay to the Company from time to time upon Company Request any money or Government  Securities (or other property and any proceeds therefrom) held by it as provided in clause (d) of  this Section 12.2 which, in the opinion of a nationally recognized firm of independent public  accountants, which shall be delivered to the Trustee, are in excess of the amount thereof which  would then be required to be deposited to effect a Legal Defeasance or Covenant Defeasance,  as applicable, in accordance with this Section 12.2.  Section 12.3 Application of Trust Money.  All money and obligations deposited with the Trustee pursuant to Section 12.1 or 12.2  shall be held irrevocably in trust, which shall be made under the terms of an escrow trust  agreement in form and substance satisfactory to the Company and the Trustee. Such money  and obligations shall be applied by the Trustee, in accordance with the provisions of the  Securities, this Indenture and such escrow trust agreement, to the payment, either directly or  through any Paying Agent (including the Company acting as its own Paying Agent) as the  Trustee may determine, to the Persons entitled thereto, of the principal of (and premium, if any)  and interest, if any, on the Securities for the payment of which such money and obligations  have been deposited with the Trustee. If Securities of any series are to be redeemed prior to  their Stated Maturity, whether pursuant to any optional redemption provisions or in accordance  with any mandatory or optional sinking fund requirement, the Company shall give the required  notice of redemption or shall make such arrangements as are satisfactory to the Trustee for the  giving of notice of redemption by the Trustee in the name, and at the expense, of the Company.  -63- 068301-0006-10016-Active.11878565.5  

 

Section 12.4 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 with respect to such series then held by any Paying Agent  (and not required for such satisfaction and discharge) shall, upon receipt of a Company Request  for the same, be repaid to the Company or paid to the Trustee and thereupon such Paying Agent  shall be released from all further liability with respect to such moneys.  Section 12.5 Return of Unclaimed Moneys Held by Trustee and Paying Agent.  Any moneys deposited with or paid to the Trustee or any Paying Agent for the payment  of the principal of, or premium, if any, or interest, if any, on, Securities of any series and which  shall not be applied but shall remain unclaimed by the Holders of Securities of such series for  two years after the date upon which such payment shall have become due and payable, shall be  repaid to the Company by the Trustee on demand; and the Holder of any of such Securities  entitled to receive such payment shall thereafter look only to the Company for the payment  thereof; provided, however, that the Company or the Trustee, before making any such  repayment, shall at the expense of the Company cause to be published once a week for two  successive weeks (in each case, on any day of the week) in an Authorized Newspaper, or mail  to each Holder, or both, a notice that said moneys have not been so applied and that after a date  named therein any unclaimed balance of said moneys then remaining will be returned to the  Company.  If the Trustee or Paying Agent is unable to apply any money in accordance with  Section 12.3 by reason of any order or judgment of any court or governmental authority  enjoining, restraining or otherwise prohibiting such application, then the Company's obligations  under this Indenture and the Securities shall be revived and reinstated as though no deposit had  occurred pursuant to Section 12.1 or Section 12.2 until such time as the Trustee or Paying  Agent is permitted to apply all such money in accordance with Section 12.3; provided,  however, that if the Company makes any payment of premium, if any, or interest on or  principal of any Security following 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  money held by the Trustee or Paying Agent.  ARTICLE 13  MISCELLANEOUS PROVISIONS  Section 13.1 No Personal Liability of Directors, Officers, Employees and  Stockholders.  No director, officer, employee, incorporator or stockholder of the Company or any of its  parent companies shall have any liability for any obligations of the Company under any  Security or the Indenture or for any claim based on, in respect of, or by reason of such  obligations or their creation. Each Holder by accepting Securities waives and releases all such  liability. The waiver and release are part of the consideration for issuance of the Securities.  -64- 068301·0006·10016·Active.l 1 878565.5  

 

Section 13.2 Provisions ofIndenture for the Sole Benefit of Parties and Holders.  Nothing in this Indenture or in the Securities, expressed or implied, shall give or be  construed to give to any Person, other than the parties hereto and their successors and the  Holders of the Securities, any legal or equitable right, remedy or claim under this Indenture or  under any covenant or provision herein contained, all such covenants and provisions being for  the sole benefit of the parties hereto and their successors and the Holders of the Securities.  Section 13.3 Successors and Assigns of Company Bound by Indenture.  All the covenants, stipulations, promises and agreements in this Indenture contained by  or on behalf of the Company shall bind its successors and assigns, whether so expressed or not.  Section 13.4 Notices to Holders; Waiver.  Where this Indenture provides for notice to Holders of any event, such notice shall be  sufficiently given (unless otherwise herein expressly provided) if in writing and mailed by first­ class mail, postage prepaid, to such Holders as their names and addresses appear on the  Securities Register or otherwise in accordance with the procedures of the Depository within the  time prescribed. All notices and communications (other than those sent to Holders) shall be  deemed to have been duly given: at the time delivered by hand, if personally delivered; five  calendar days after being deposited in the mail, postage prepaid, if mailed by first-class mail;  when receipt acknowledged, if faxed; and the next Business Day after timely delivery to the  courier, if sent by overnight air courier guaranteeing next day delivery.  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 on such waiver. Neither the failure to give a notice, nor any defect in any notice to  any particular Holder, shall affect the sufficiency of such notice with respect to other Holders,  and any notice which is given in the manner herein provided shall be conclusively presumed to  have been duly given. In case by reason of the suspension of publication of any Authorized  Newspapers or by reason of any other cause it shall be impracticable to publish any notice to  Holders otherwise required or permitted under this Indenture, then such notification as shall be  given with the approval ofthe Trustee shall constitute sufficient notice to such Holders for  every purpose hereunder.  Section 13.5 Addresses for Notices.  Any notice or demand which by any provision of this Indenture is required or permitted  to be given or served by the Trustee or by the Holders of Securities of any series on the  Company may be given or served by registered mail or facsimile addressed (until another  address is filed by the Company with the Trustee) as follows: The Narragansett Electric  Company, 280 Melrose Street, Providence, Rhode Island 02907, Attention: Treasurer, with a  copy to Simpson Thacher & Bartlett LLP, 425 Lexington Avenue, New York, New York  10017, Fax No.: (212) 455-2502; Attention: Vincent Pagano Jr., Esq. Any notice, direction,  -65- 068301·0006-10016-Active.11878565.5  

 

request or demand by the Company or any Holders of Securities of any series to or upon the  Trustee shall be deemed to have been sufficiently given or made, for all purposes, if received at  the Corporate Trust Office of such Trustee.  Section 13.6 Officer's Certificates and Opinions of Counsel; Statements to Be  Contained Therein.  Upon any application or demand by the Company to the Trustee to take any action  under any of the provisions of this Indenture, the Company shall furnish to the Trustee an  Officer's Certificate stating that all conditions precedent (including any covenants compliance  with which constitutes a condition precedent), if any, provided for in this Indenture relating to  the proposed action have been complied with and an Opinion of Counsel stating that in the  opinion of such counsel all such conditions precedent (including any covenants compliance  with which constitutes a condition precedent), if any, have been complied with, except that in  the case of any such application or demand as to which the furnishing of such documents is  specifically required by any provision of this Indenture relating to such particular application or  demand, no additional certificate or opinion need be furnished.  Each certificate or opinion provided for in this Indenture (other than annual  certificates provided pursuant to Section 4.10) and delivered to the Trustee with respect to  compliance with a condition or covenant provided for in this Indenture shall include (a) a  statement that the Person making such certificate or opinion has read such covenant or  condition, (b) a brief statement as to the nature and scope of the examination or investigation  upon which the statements or opinions contained in such certificate or opinion are based, (c) a  statement that, in the opinion of such Person, he has made such examination or investigation as  is necessary to enable him to express an informed opinion as to whether or not such covenant  or condition has been complied with and (d) a statement as to whether or not, in the opinion of  such Person, such condition or covenant has been complied with.  Any certificate, statement or opinion of an officer of the Company may be  based, insofar as it relates to legal matters, upon a certificate or opinion of or representations by  counsel, unless such officer knows that the certificate or opinion or representations with respect  to the matters upon which his certificate, statement or opinion may be based as aforesaid are  erroneous, or in the exercise of reasonable care should know that the same are erroneous. Any  certificate, statement or opinion of counsel may be based, insofar as it relates to factual matters,  upon the certificate, statement or opinion of or representations by an officer or officers of the  Company, unless such counsel knows that the certificate, statement or opinion or  representations with respect to the matters upon which his certificate, statement or opinion may  be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the  same are erroneous.  Any certificate, statement or opinion of an officer of the Company or of counsel  may be based, insofar as it relates to accounting matters, upon a certificate or opinion of or  representations by an accountant or firm of accountants in the employ ofthe Company, unless  such officer or counsel, as the case may be, knows that the certificate or opinion or  representations with respect to the accounting matters upon which his certificate, statement or  -66- 068301-0006-I0016-Active.11878565.5  

 

opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should  know that the same are erroneous.  Any certificate or opinion of any independent firm of public accountants filed  with the Trustee shall contain a statement that such firm is independent.  Section 13.7 Separability Clause.  In case any provision of this Indenture or of the Securities shall be invalid, illegal or  unenforceable, the validity, legality and enforceability of the remaining provisions shall not in  any way be affected or impaired thereby.  Section 13.8 Legal Holidays.  In any case where any Interest Payment Date, Redemption Date or Stated Maturity of  any Security shall not be a Business Day in any Place of Payment, then (notwithstanding any  other provision of this Indenture or of the Securities, other than a provision in Securities of any  series, or any Tranche thereof, or in the indenture supplemental hereto, Board Resolution or  Officer's Certificate that establishes the terms of the Securities of such series or Tranche, which  specifically states that such provision shall apply in lieu ofthis Section) payment of interest or  principal and premium, if any, need not be made at such Place of Payment on such date, but  may be made on the next succeeding Business Day at such Place of Payment with the same  force and effect as if made on the Interest Payment Date or Redemption Date, or at the Stated  Maturity, and, if such payment is made or duly provided for on such Business Day, no interest  shall accrue on the amount so payable for the period from and after such Interest Payment Date,  Redemption Date or Stated Maturity, as the case may be, to such Business Day.  Section 13.9 Conflict of Any Provision of Indenture with Trust Indenture Act.  If and to the extent that any provision of this Indenture limits, qualifies or conflicts with  a provision of the Trust Indenture Act that is required under the Trust Indenture Act to be a part  of and govern this Indenture, the latter provision shall control. If any provision of this  Indenture modifies or excludes any provision of the Trust Indenture Act that may be so  modified or excluded, the former provision shall control.  Section 13.10 Governing Law.  THIS INDENTURE AND EACH SECURITY SHALL BE GOVERNED BY, AND  CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.  Section 13.11 Submission to Jurisdiction; Waiver of Jurv Trial.  EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS,  FOR ITSELF AND ITS PROPERTY, TO THE NON-EXCLUSIVE WRISDICTION OF ANY  U.S. FEDERAL OR NEW YORK STATE COURT SITTING IN THE BOROUGH OF  MANHATTAN, NEW YORK, NEW YORK IN ANY ACTION OR PROCEEDING  ARISING OUT OF OR RELATING TO THIS INDENTURE, OR FOR RECOGNITION OR  -67- 068301-0006-10016-Active.11878565.5  

 

ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO  HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN  RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND  DETERMINED IN SUCH NEW YORK STATE OR, TO THE EXTENT PERMITTED BY  LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT  A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE  CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON  THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN  THIS INDENTURE SHALL AFFECT ANY RIGHT THAT THE COMPANY, THE  TRUSTEE OR ANY HOLDER OF SECURITIES MAY OTHERWISE HAVE TO BRING  ANY ACTION OR PROCEEDING RELATING TO THIS INDENTURE AGAINST ANY  PARTY HERETO OR ITS PROPERTIES IN THE COURTS OF ANY OTHER  JURISDICTION. THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY  WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND  ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR  RELATING TO THIS INDENTURE OR ANY SECURITY.  Section 13.12 No Security Interest Created.  Subject to the provisions of Section 4.6, nothing in this Indenture or in any Securities,  express or implied, shall be construed to constitute a security interest under the Uniform  Commercial Code or similar legislation, as now or hereafter enacted and in effect in any  jurisdiction where property of the Company or its Subsidiaries is or may be located.  Section 13.13 Force Majeure.  In no event shall the Trustee be responsible or liable for any failure or delay in the  performance of its obligations under this Indenture arising out of or caused by, directly or  indirectly, forces beyond its reasonable control, including, without limitation, strikes, work  stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural  catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications  or computer (software or hardware) services; it being understood that the Trustee shall use  reasonable efforts which are consistent with accepted practices in the banking industry to  resume performance as soon as practicable under the circumstances.  Section 13.14 Counterparts.  This Indenture may be executed in any number of counterparts, and on separate  counterparts, each of which shall be an original; but such counterparts shall together constitute  but one and the same instrument.  Section 13.15 Effect of Headings.  The Article and Section headings herein and the Table of Contents are for convenience  only and shall not affect the interpretation hereof.  -68- 068301-0006-10016-Active.11878565.5  

 

ARTICLE 14  REDEMPTION OF SECURITIES  Section 14.1 Applicability of Article.  The provisions of this Article shall be applicable to the Securities of any series which  are redeemable before their Stated Maturity, except as otherwise specified as contemplated by  Section 3.1 for Securities of such series.  Section 14.2 Notice of Redemption; Selection of Securities.  In case the Company shall desire to exercise the right to redeem all or, as the case may  be, any part of the Securities of any series in accordance with their terms, it shall fix a  Redemption Date and shall provide notice of such redemption at least 45 days prior to such  Redemption Date to the Trustee and at least 30 days but no more than 60 days prior to such  Redemption Date to the Holders of Securities of such series so to be redeemed as a whole or in  part in the manner provided in Section 13.4, unless a different period is specified in the  Securities to be redeemed, except that redemption notices may be mailed more than 60 days  prior to a Redemption Date if the notice is issued in connection with Article 12 hereof. The  notice provided in the manner herein specified shall be conclusively presumed to have been  duly given, whether or not the Holder receives such notice. In any case, failure to give such  notice 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.  Each such notice of redemption shall specify the Redemption Date, the Redemption  Price, the CUSIP, Common Code, ISIN or other comparable number, the Place or Places of  Payment, that the Securities of such series are being redeemed at the option of the Company  pursuant to provisions contained in the terms of the Securities of such series or in a  supplemental indenture establishing such series, if such be the case, together with a brief  statement of the facts permitting such redemption, that payment will be made upon presentation  and surrender of the applicable Securities at the Place or Places of Payment, that the  Redemption Price together with any accrued and unpaid interest to the Redemption Date will  be paid as specified in said notice, the conditions precedent to the redemption, and that on and  after said Redemption Date any interest thereon or on the portions thereof to be redeemed will  cease to accrue, and any information that is required to be included therein by the Depository.  In case any Security of any 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 Redemption Date, upon surrender of such Security, a new Security or  Securities of such series in principal amount equal to the unredeemed portion thereof will be  issued, or, in the case of Securities providing appropriate space for such notation, at the option  ofthe Holders the Trustee, in lieu of delivering a new Security or Securities as aforesaid, may  make a notation on such Security of the payment of the redeemed portion thereof.  On or before the Redemption Date with respect to the Securities of any series stated in  the notice of redemption given as provided in this Section 14.2, the Company will deposit with  -69- 068301-0006-10016-Active.11878565.5  

 

the Trustee or with one or more Paying Agents an amount of money (except as otherwise  specified as contemplated by Section 3.1 for the Securities of such series or if the Company is  acting as its own Paying Agent, segregate and hold in trust as provided in Section 4.3)  sufficient to redeem on such Redemption Date all the Securities or portions thereof so called  for redemption at the applicable Redemption Price, together with any accrued and unpaid  interest, if any, to, but not including, such Redemption Date.  If the Company is redeeming less than all ofthe Securities of any series issued by it at  any time, the Trustee will select the Securities of such series to be redeemed (a) ifthe Securities  of such series are listed on any national securities exchange, in compliance with the  requirements of the principal national securities exchange on which the Securities of such  series are listed, (b) on a pro rata basis to the extent practicable or, if a pro rata basis is not  practicable for any reason, by lot or by such other method as the Trustee shall deem fair and  appropriate, or (c) by lot or such other similar method in accordance with the procedures of the  Depository.  If the Trustee shall use "CUSIP," "Common Code" or "ISIN" numbers in notices as a  convenience to Holders, then any such notice may state that no representation is made as to the  correctness of such numbers either as printed on the Securities or as contained in any notice of  a redemption and that reliance may be placed only on the other identification numbers printed  on the Securities, and any such redemption shall not be affected by any defect in or omission of  such numbers. The Company will promptly notify the Trustee in writing of any change in the  "CUSIP," "Common Code" or "ISIN" numbers.  The Trustee shall promptly notify the Company in writing of the Securities selected for  redemption and, in the case of any Securities selected for partial redemption, the principal  amount thereof to be redeemed.  Section 14.3 Payment of Securities Called for Redemption.  If notice of redemption has been given as above provided and the Company has  deposited, on or before the Redemption Date, with the Trustee (and/or having irrevocably  directed the Trustee to apply, from money held by it available to be used for the redemption of  Securities) an amount in cash sufficient to redeem all of the Securities to be redeemed, the  Securities or portions of Securities ofthe series specified in such notice shall become due and  payable on the Redemption Date, and at the place or places stated in such notice at the  applicable Redemption Price, together with any interest accrued and unpaid to, but not  including, such Redemption Date, and on and after said Redemption Date any interest on the  Securities or portion of Securities of any series so called for redemption shall cease to accrue.  On presentation and surrender of such Securities at a Place of Payment in such notice specified,  such Securities or the specified portions thereof shall be paid and redeemed by the Company at  the applicable Redemption Price, together with any interest accrued and unpaid to, but not  including, the Redemption Date, except that if such Redemption Date is an Interest Payment  Date, interest shall be paid as provided in Section 3.8.  Upon presentation of any Security redeemed in part only, the Company shall execute  and the Trustee shall authenticate and make available for delivery to or on the order of the  -70- 068301-0006-10016-Active.11878565.5  

 

Holder thereof, at the expense of the Company, a new Security or Securities of such series, of  authorized denominations, in principal amount equal to the unredeemed portion of the Security  so presented.  If a Security in global form is so surrendered, the Company shall execute, and the  Trustee shall authenticate and deliver to the Depository for such Security in global form as  shall be specified in the Company Order with respect thereto to the Trustee, without service  charge, a new Security in global form in a denomination equal to and in exchange for the  unredeemed portion of the principal of the Security in global form so surrendered.  If any Security called for redemption shall not be so paid upon surrender thereof for  redemption, the principal and any premium, until paid, shall bear interest from the Redemption  Date at the rate prescribed therefor in the Security.  -71- 068301-0006-10016-Active.11878565.5  

 

IN WITNESS WHEREOF, each of the parties hereto has caused this Indenture  to be duly executed on its behalf as of the date first above written.  068301·0006·10016·Aclivc.11878565.5  THE NARRAGANSETT ELECTRIC  COMPANY  By: II(~  Name: M lcohn Cooper  Title: Treasurer  Signed fol' and on behalf of  THE BANK OF NEW YORK MELLON,  as Trustee  By: ____________________ __  Name:  Title:  

 

IN WITNESS WHEREOF, each ofthe parties hereto has caused this Indenture  to be duly executed on its behalf as ofthe date first above written.  06830 I -0006-JOO I 6-Active. I 1878565.5  THE NARRAGANSETT ELECTRIC  COMPANY  By: ____________________ ___  Name: Malcolm Cooper  Title: Treasurer  Signed for and on behalf of  ~,!~» NEW YORK ME/LLON,  By: r j  ----------------~I~--- Name:  Title: Paul cattermole  VICe Presidentppl-6302022_ex4a2

068301-0006-1001 6-Active.1 1878547.4  FIRST SUPPLEMENTAL INDENTURE  among  THE NARRAGANSETT ELECTRIC COMPANY  as Issuer,  and  THE BANK OF NEW YORK MELLON,  as Trustee and Paying Agent  March 22, 2010  $250,000,000  4.534% SENIOR NOTES DUE 2020  EXECUTION COPY  

 

TABLE OF CONTENTS  PAGE  ARTICLE 1 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION ................. 1  SECTION 1.1.  SECTION 1.2.  SECTION 1.3.  SECTION 1.4.  SECTION 1.5.  SECTION 1.6.  SECTION 1.7.  SECTION 1.8.  SECTION 1.9.  SECTION 1.10.  Definitions .......................................................................................... 1  Conflict with Trust Indenture Act ....................................................... .4  Effect of Headings and Table of Contents .................. .......................... 4  Successors and Assigns ....................................................................... 4  Separability Clause ............................................................................. 4  Benefits of Supplemental Indenture ..................................................... 5  Governing Law ................................................................................... 5  Execution in Counterparts .................................................................. 5  Recitals by the Issuer .......................................................................... 5  Ratification and Incorporation of Original Indenture .......................... 5  ARTICLE 2 DESIGNATED SECURITIES .............................................................................. 5  SECTION 2.1.  SECTION 2.2.  SECTION 2.3.  SECTION 2.4.  SECTION 2.5.  SECTION 2.6.  SECTION 2.7.  SECTION 2.8.  SECTION 2.9.  EXHIBIT A  EXHIBITB  EXHIBIT C  Creation of Designated Securities ....................................................... 5  Aggregate Principal Amount of Designated Securities ........................ 5  Payment of Principal .......................................................................... 6  Interest and Interest Rate .................................................................... 6  Paying Agent ...................................................................................... 7  Place of Payment .............................................................................. 1 0  Denominations .................................................................................. l 0  Form; Terms ..................................................................................... 10  Transfer and Exchange ..................................................................... 12  Form of Designated Security .......................................................... A-I  Form of Certificate of Transfer ....................................................... B-l  Form of Certificate of Exchange ..................................................... C-l  068301-0006-10016-Active.11878547.4  

 

THIS FIRST SUPPLEMENTAL INDENTURE, dated as of March 22,2010, between The  Narragansett Electric Company, a Rhode Island company (the "Issuer"), and The Bank  of New York Mellon, a New York banking corporation duly organized and existing under  the laws of the State of New York, as trustee (the "Trustee") and paying agent (the  "Paying Agent").  WHEREAS, the Issuer has heretofore entered into an Indenture, dated as of March  22,2010 (the "Original Indenture"), with the Trustee;  WHEREAS, the Original Indenture, as supplemented by this Supplemental  Indenture, is herein called the "Indenture";  WHEREAS, pursuant to Section 3.1 of the Original Indenture, the Issuer proposes  to create a new series of Securities under the Indenture;  WHEREAS, the Issuer hereby resolves to issue Designated Securities (as such term  is defined in Section 2.1 hereof) in an aggregate principal amount of $250,000,000 and  with the terms and conditions set forth in this Supplemental Indenture; and  WHEREAS, all things necessary to make this Supplemental Indenture a valid  agreement of the Issuer, in accordance with its terms, have been done;  Now, THEREFORE, for and in consideration of the premises and the purchases of  the Designated Securities by the Holders thereof, it is mutually covenanted and agreed,  for the equal and proportionate benefit of all Ho lders of Designated Securities, as  follows:  ARTICLE 1  DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION  SECTION 1.1. Definitions. For all purposes of this Supplemental Indenture,  except as otherwise expressly provided or unless the context otherwise requires:  (a) the terms defined in this Article have the meanings assigned to them in  this Article and include the plural as well as the singular;  (b) all other terms used herein which are defined in the Trust Indenture Act,  either directly or by reference therein, have the meanings assigned to them  therein;  (c) unless the context otherwise requires, any reference to an "Article" or a  "Section" refers to an Article or a Section, as the case may be, of this  Supplemental Indenture;  (d) the words "herein", "hereof' and "hereunder" and other words of similar  import refer to this Supplemental Indenture as a whole and not to any particular  Article, Section or other subdivision; and  1  068301·0006·10016·Active.11878547.4  

 

(e) all terms used but not defined in this Supplemental Indenture, which are  defined in the Original Indenture, shall have the meanings assigned to them in the  Original Indenture.  "Additional Designated Securities" has the meaning ascribed in Section 2.2.  "Applicable Procedures" means, with respect to any transfer or exchange of or  for beneficial interests in any Global Security, the rules and procedures of the Depository,  Euroc1ear and/or Clearstream that apply to such transfer or exchange.  "Business Day" means each day which is not a Legal Holiday.  "Clearstream" means Clearstream Banking, Societe Anonyme, and its  successors.  "Definitive Security" means a certificated Designated Security registered in the  name of the Holder thereof and issued in accordance with Section 2.9 hereof,  substantially in the form of Exhibit A hereto, except that such Designated Security shall  not bear the Global Security Legend and shall not have the "Schedule of Exchanges of  Interests in the Global Security" attached thereto.  "Depository" means The Depository Trust Company and its successors.  "Designated Securities" has the meaning ascribed in Section 2.1.  "Euroclear" means Euroc1ear Bank, S.A.IN.V., as operator of the Euroc1ear  system.  "Global Security Legend" means the legend set forth in Section 2.9(f)(ii) hereof,  which is required to be placed on all Global Securities issued under this Supplemental  Indenture.  "Global Securities" means, individually and collectively, each of the Restricted  Global Securities and the Unrestricted Global Securities deposited with or on behalf of  and registered in the name of the Depository or its nominee, substantially in the form of  Exhibit A hereto, and that bears the Global Security Legend and that has the "Schedule of  Exchanges of Interests in the Global Security" attached thereto, issued in accordance with  the Indenture.  "Indirect Participant" means a Person who holds a beneficial interest in a  Global Security through a Participant.  "Initial Designated Securities" has the meaning ascribed in Section 2.2.  "Interest Payment Date" has the meaning ascribed in Section 2.4(b).  "Issue Date" means March 22,2010.  2  068301·0006·10016·Active.11878547.4  

 

"Legal Holiday" means a Saturday, a Sunday or a day on which commercial  banking institutions are not required to be open in the State of New York.  "Non-U.S. Person" means a Person who is not a U.S. Person.  "Participant" means, with respect to the Depository, Euroclear or Clearstream, a  Person who has an account with the Depository, Euroclear or Clearstream, respectively  (and, with respect to DTC, shall include Euroclear and Clearstream).  "Private Placement Legend" means the legend set forth in Section 2.09(f)(i)  hereof  "QIB" means a "qualified institutional buyer" as defined in Rule l44A.  "Regular Record Date" means, with respect to the applicable Interest Payment  Date, the close of business on the preceding March 1 or September 1, as the case may be.  "Regulation S" means Regulation S promulgated under the Securities Act.  "Regulation S Global Security" means a Regulation S Temporary Global  Security or Regulation S Permanent Global Security, as appropriate.  "Regulation S Permanent Global Security" means a permanent Global Security  in the form of Exhibit A hereto, bearing the Global Security Legend and the Private  Placement Legend and deposited with or on behalf of and registered in the name of the  Depository or its nominee, issued in a denomination equal to the outstanding principal  amount of the Regulation S Temporary Global Security upon expiration of the Restricted  Period.  "Regulation S Temporary Global Security" means a temporary Global Security  in the form of Exhibit A hereto, bearing the Global Security Legend, the Private  Placement Legend and the Regulation S Temporary Global Security Legend and  deposited with or on behalf of and registered in the name of the Depository or its  nominee, issued in a denomination equal to the outstanding principal amount of the  Designated Securities initially sold in reliance on Rule 903.  "Regulation S Temporary Global Security Legend" means the legend set forth  in Section 2.09(f)(iii) hereof  "Restricted Definitive Security" means a Definitive Security bearing the Private  Placement Legend.  "Restricted Global Security" means a Global Security bearing the Private  Placement Legend.  "Restricted Period" means the 40-day distribution compliance period as defined  in Regulation S.  3  068301-0006-10016-Active.11878547.4  

 

"Rule 144" means Rule 144 promulgated under the Securities Act.  "Rule 144A" means Rule l44A promulgated under the Securities Act.  "Rule 903" means Rule 903 promulgated under the Securities Act.  "Rule 904" means Rule 904 promulgated under the Securities Act.  "Stated Maturity" means March 15,2020.  "Supplemental Indenture" means this instrument as originally executed or as it  may from time to time be supplemented or amended in accordance with the terms of the  Indenture.  "Unrestricted Definitive Security" means one or more Definitive Securities that  do not bear and are not required to bear the Private Placement Legend.  "Unrestricted Global Security" means a permanent Global Security,  substantially in the form of Exhibit A attached hereto, that bears the Global Security  Legend and that has the "Schedule of Exchanges of Interests in the Global Security"  attached thereto, and that is deposited with or on behalf of and registered in the name of  the Depository, representing Global Securities that do not bear and are not required to  bear the Private Placement Legend.  "U.S. Person" means a U.S. person as defined in Rule 902(k) promulgated under  the Securities Act.  SECTION 1.2. Conflict with Trust Indenture Act. If and to the extent that any  provision of this Supplemental Indenture limits, qualifies or conflicts with a provision of  the Trust Indenture Act that is required under the Trust Indenture Act to be a part of and  govern this Supplemental Indenture, the latter provision shall control. If any provision of  this Supplemental Indenture modifies or excludes any provision of the Trust Indenture  Act that may be so modified or excluded, the former provision shall control.  SECTION 1.3. Effect of Headings and Table of Contents. The Article and  Section headings herein and the Table of Contents are for convenience only and shall not  affect the construction hereof.  SECTION 1.4. Successors and Assigns. All covenants and agreements in this  Supplemental Indenture by the Issuer shall bind its successors and assigns, whether so  expressed or not.  SECTION 1.5. Separability Clause. In case any provision in this Supplemental  Indenture shall be invalid, illegal or unenforceable, the validity, legality and  enforceability of the remaining provisions shall not in any way be affected or impaired  thereby.  4  068301·0006·10016·Active.11878547.4  

 

SECTION 1.6. Benefits of Supplemental Indenture. Nothing in the Indenture or  the Designated Securities, express or implied, shall give to any Person, other than the  parties hereto and their successors hereunder and the Holders of Designated Securities,  any benefit or any legal or equitable right, remedy or claim under the Indenture.  SECTION 1.7. Governing Law. This Supplemental Indenture and the  Designated Securities shall be governed by, and construed in accordance with, the laws  of the State of New York.  SECTION 1.8. Execution in Counterparts. This Supplemental Indenture may  be executed in any number of counterparts, each of which so executed shall be deemed to  be an original, but all such counterparts shall together constitute but one and the same  instrument.  SECTION 1.9. Recitals by the Issuer. The recitals in this Supplemental  Indenture are made by the Issuer only and not by the Trustee, and all of the provisions  contained in the Original Indenture in respect of the rights, privileges, immunities,  powers and duties of the Trustee shall be applicable in respect of the Designated  Securities and of this Supplemental Indenture as fully and with like effect as if set forth  herein in full.  SECTION 1.10. Ratification and Incorporation of Original Indenture. As  supplemented hereby, the Original Indenture is in all respects ratified and confirmed, and  the Original Indenture and this Supplemental Indenture shall be read, taken and construed  as one and the same instrument.  ARTICLE 2  DESIGNATED SECURITIES  SECTION 2.1. Creation of Designated Securities. There is hereby created a  new series of Securities to be issued under the Indenture, to be designated as "4.534%  Senior Notes due 2020" (the "Designated Securities").  SECTION 2.2. Aggregate Principal Amount of Designated Securities. The  aggregate principal amount of the Designated Securities shall initially be limited to  $250,000,000 (except for Designated Securities authenticated and delivered upon  registration of transfer of, or in exchange for, or in lieu of, other Designated Securities  pursuant to Section 3.6,3.7,3.10 or 10.6 of the Original Indenture and except for any  Designated Securities which, pursuant to Section 3.3 of the Original Indenture, are  deemed never to have been authenticated and delivered under the Indenture) (the "Initial  Designated Securities"). The Issuer may create and issue an unlimited amount of  additional Designated Securities from time to time, without notice to or the consent of the  Holders of Designated Securities, having the same terms and conditions in all material  respects as the Initial Designated Securities ("Additional Designated Securities"). Any  Additional Designated Securities shall be consolidated with and form a single class with  the Initial Designated Securities and have the same terms as to status, redemption or  5  068301·0006·1 0016-Active.11878547.4  

 

otherwise as the Initial Designated Securities. Additional Designated Securities issued  with the same CUSIP, ISIN or other identifying number as the CUSIP, ISIN or other  identifying number of the Initial Designated Securities shall be issued with no more than  a de minimis amount of original issue discount, or as part of a qualified reopening, in  each case for U.S. federal income tax purposes. Unless the context otherwise requires,  references to "Designated Securities" for all purposes of this Supplemental Indenture  include the Initial Designated Securities and any Additional Designated Securities  actually issued.  SECTION 2.3. Payment of Principal. The principal of the Outstanding  Designated Securities shall be due and payable at the Stated Maturity.  SECTION 2.4. Interest and Interest Rate.  (a) The Designated Securities will bear interest at 4.534% per annum from the  Issue Date until Maturity.  (b) The Issuer will pay interest on the Designated Securities semi-annually in  arrears on March 15 and September 15 of each year, commencing September 15,  2010, until Maturity, and at Maturity (each an "Interest Payment Date").  (c) Interest on the Designated Securities will be computed on the basis 0 fa  360-day year comprised of twelve 30-day months. Except as described below for  the first Interest Payment Date, on each Interest Payment Date, the Issuer will pay  interest on the Designated Securities for the period commencing on and including  the immediately preceding Interest Payment Date and ending on and excluding  such Interest Payment Date.  (d) On the first Interest Payment Date, the Issuer will pay interest for the  period commencing on and including the Issue Date and ending on and excluding  the first Interest Payment Date.  (e) If any Interest Payment Date falls on a day that is not a Business Day, the  interest payment shall be postponed to the next day that is a Business Day,  without interest accruing on the amount then so payable from such day that is not  a Business Day until such Business Day.  (f) If the Maturity of any Designated Security is not a Business Day, payment  of principal, premium, if any, and interest on the applicable Designated Security  will be made on the next succeeding day that is a Business Day, without interest  accruing on the amount then so payable from such day that is not a Business Day  until such Business Day.  (g) Interest on each Designated Security will be paid only to the Person in  whose name such Designated Security was registered at the close of business on  the Regular Record Date for the applicable Interest Payment Date.  6  068301-0006-10016-Active.11878547.4  

 

SECTION 2.5. Paying Agent.  (a) Upon the terms and subject to the conditions contained herein, the Issuer  hereby appoints The Bank of New York Mellon as the initial Paying Agent under  the Indenture for the purpose of performing the functions of the Paying Agent  with respect to the Designated Securities.  (b) The Paying Agent shall exercise due care in performing the functions of  the Paying Agent for the Designated Securities.  (c) The Paying Agent accepts its obligations set forth herein, upon the terms  and subject to the conditions hereof, including the following, to all of which the  Issuer agrees:  (i) The Paying Agent shall be entitled to such compensation as may  be agreed in writing with the Issuer for all services rendered by the Paying  Agent, and the Issuer promises to pay such compensation and to reimburse  the Paying Agent for the reasonable out-of-pocket expenses (including  reasonable counsel fees and expenses) properly incurred by it in  connection with the services rendered by it hereunder upon receipt of such  invoices as the Issuer shall reasonably require. The Issuer agrees to  indemnify the Paying Agent (which for purposes of this subsection shall  include its directors, officers, employees and agents) for, and to hold it  harmless against, any and all loss, liability, damage, claims or reasonable  expenses (including the costs and expenses of defending against any claim  of liability) properly incurred by the Paying Agent that arises out of or in  connection with its acting as Paying Agent hereunder, except such as may  result from the negligence, willful misconduct or bad faith of the Paying  Agent or any of its agents or employees. The Paying Agent shall incur no  liability and shall be indemnified and held harmless by the Issuer for, or in  respect of, any action taken or omitted by it in good faith in reliance upon  written instructions from the Issuer. The provisions of this paragraph shall  survive the termination of this Supplemental Indenture and the resignation  or removal ofthe Paying Agent.  (ii) In acting under the Indenture and in connection with the  Designated Securities, the Paying Agent is acting solely as agent of the  Issuer and does not assume any obligations to, or relationship of agency or  trust for or with, any ofthe Holders of the Designated Securities.  (iii) The Paying Agent shall be protected and shall incur no liability for  or in respect of any action taken or omitted to be taken or anything  suffered by it in reliance upon the terms of the Designated Securities or  any document, including any resolution, Officer's Certificate or any other  certificate, statement, instrument, opinion, report, notice, request, consent,  order, bond, debenture, note, coupon or security (whether in original or  7  068301-0006-10016-Active.11878547.4  

 

facsimile form), believed by it to be genuine and to have been signed or  presented by the proper party or parties.  (iv) The duties and obligations of the Paying Agent shall be determined  solely by the express provisions of the Indenture, and the Paying Agent  shall not be liable except for the performance of such duties and  obligations as are specifically set forth in the Indenture, and no implied  covenants or obligations shall be read into the Indenture against the  Paying Agent.  (v) Unless herein otherwise specifically provided, any request,  direction, order or demand of the Issuer mentioned herein shall be  sufficiently evidenced by an Officer's Certificate (unless other evidence in  respect thereof be herein specifically prescribed).  (vi) The Paying Agent may, upon obtaining the prior written consent of  the Issuer (which consent shall not be umeasonably withheld) perform any  duties hereunder either directly or by or through agents or attorneys not  regularly in its employ, and the Paying Agent shall not be responsible for  any misconduct or negligence on the part of any such agent or attorney  appointed with due care by it hereunder.  (vii) Sections 7.2(c), 7.2(e), 7.2(i) and 7.2(j) of the Original Indenture  are also deemed applicable to the Paying Agent.  (viii) None of the provisions hereunder shall require the Paying Agent to  expend or risk its own funds or otherwise incur personal financial liability  in the performance of any of its duties or in the exercise of any of its rights  or powers, if it shall have reasonable grounds for believing that the  repayment of such funds or adequate indemnity against such liability is  not reasonably assured to it.  (ix) In no event shall the Paying Agent be responsible or liable for any  failure or delay in the performance of its obligations under this Indenture  arising out of or caused by, directly or indirectly, forces beyond its  reasonable control, including, without limitation, strikes, work stoppages,  accidents, acts of war or terrorism, civil or military disturbances, nuclear  or natural catastrophes or acts of God, and interruptions, loss or  malfunctions of utilities, communications or computer (software or  hardware) services; it being understood that the Paying Agent shall use  reasonable efforts which are consistent with accepted practices in the  banking industry to resume performance as soon as practicable under the  circumstances.  (d) (i) The Paying Agent may at any time resign as Paying Agent by  giving written notice to the Issuer of such intention on its part, specifying  8  068301-0006-I0016-Active.11878547.4  

 

the date on which its desired resignation shall become effective; provided,  however, that such date shall not be earlier than 60 days after the receipt of  such notice by the Issuer, unless the Issuer agrees in writing to accept less  notice. The Paying Agent may be removed (with or without cause) at any  time by the filing with it of any instrument in writing signed on behalf of  the Issuer by any proper officer or an authorized person thereof and  specifying such removal and the date when it is intended to become  effective (such date shall not be earlier than 60 days after the receipt of  such instrument by the Paying Agent, unless otherwise agreed by the  parties), subject to (if such Paying Agent is not also the Trustee) the  written consent of the Trustee, which consent shall not be unreasonably  withheld. Notwithstanding the provisions of this Section 2.1(d)(i), such  resignation or removal shall take effect only upon the date of the  appointment by the Issuer, as hereinafter provided, and the acceptance  thereof, of a successor Paying Agent. If within 30 days after notice of  resignation or removal has been received, a successor Paying Agent has  not been appointed, the Paying Agent may petition a court of competent  jurisdiction to appoint a successor Paying Agent at the Issuer's cost, as per  Section 2.5(c)(i) hereof A successor Paying Agent shall be appointed by  the Issuer by an instrument in writing signed on behalf of the Issuer by any  proper officer or an authorized person thereof and the successor Paying  Agent. Upon the appointment of a successor Paying Agent and  acceptance by it of such appointment, the Paying Agent so succeeded shall  cease to be such Paying Agent hereunder. Upon its resignation or  removal, the Paying Agent shall be entitled to the payment by the Issuer of  its compensation, if any is owed to it, for services rendered hereunder and  to the reimbursement of all reasonable and properly incurred out-of-pocket  expenses incurred in connection with the services rendered by it  hereunder, in each case as per Section 2.5(c)(i) hereof.  (ii) Any successor Paying Agent appointed hereunder shall execute  and deliver to its predecessor and to the Issuer an instrument accepting  such appointment hereunder, and thereupon such successor Paying Agent,  without any further act, deed or conveyance, shall become vested with all  the authority, rights, powers, trusts, immunities, duties and obligations of  such predecessor with like effect as if originally named as such Paying  Agent hereunder, and such predecessor, upon payment by the Issuer of its  charges and disbursements then unpaid, shall thereupon become obliged to  transfer and deliver, and such successor Paying Agent shall be entitled to  receive, copies of any relevant records maintained by such predecessor  Paying Agent.  (iii) Any Person into which the Paying Agent may be merged or  converted or with which the Paying Agent may be consolidated, or any  Person resulting from any merger, conversion or consolidation to which  the Paying Agent shall be a party, or any Person succeeding to all or  9  068301-0006-10016-Active.11878547.4  

 

substantially all of the assets and business of the Paying Agent, or all or  substantially all of the corporate trust business of the Paying Agent shall,  to the extent permitted by applicable law and provided that it shall have an  established place of business in New York, New York, be the successor  Paying Agent under the Indenture without the execution or filing of any  paper or any further act on the part of any of the parties hereto. Notice of  any such merger, conversion, consolidation or sale shall be given to the  Issuer as promptly as practicable following such merger, conversion,  consolidation or sale.  (iv) Any notice required to be given by the Paying Agent to any other  Person hereunder shall be given in accordance with Section 13.5 of the  Original Indenture. Any notice to be given to the Paying Agent shall be  delivered in person, sent by first class mail or overnight air courier  guaranteeing next day delivery or communicated by facsimile, to the  following address (or to any other address of which the Paying Agent shall  have notified the Issuer in writing): The Bank of New York Mellon,  Corporate Trust Services, One Canada Square, London E14 5AL, United  Kingdom, Fax: +44-(0)20-7964-2536, Attention: Corporate Trust  Services, with a copy to: The Bank of New York Mellon, Global Trust  Services, 101 Barclay Street, New York, New York, Fax: (212) 815-5366.  All notices shall be deemed to have been duly given: at the time delivered  by hand, if personally delivered; five calendar days after being deposited  in the mail, postage prepaid, if mailed by first-class mail; when receipt  acknowledged, if faxed; and the next Business Day after timely delivery to  the courier, if sent by overnight air courier guaranteeing next day delivery.  SECTION 2.6. Place of Payment. The place or places where, subject to the  provisions of Section 4.2 of the Original Indenture, the principal of, premium, if any, and  interest, if any, on the Designated Securities shall be payable, Designated Securities may  be surrendered for registration, transfer or exchange and notices and demands to or upon  the Issuer in respect of the Designated Securities and the Indenture may be served shall  be the Corporate Trust Office of the Trustee in the United States.  SECTION 2.7. Denominations. The Designated Securities shall be issued in  denominations of $1,000 and integral multiples of $1,000.  SECTION 2.8. Form; Terms.  (a) The Designated Securities shall be substantially in the form of Exhibit A.  The Designated Securities may have notations, legends or endorsements required  by law, stock exchange rules or usage.  (b) Designated Securities issued in global form shall be substantially in the  form of Exhibit A (including the Global Security Legend thereon and the  "Schedule of Exchanges of Interests in the Global Security" attached thereto).  10  068301-0006-10016-Active.11878547.4  

 

Designated Securities issued in definitive form shall be substantially in the form  of Exhibit A attached hereto (but without, in each case, the Global Security  Legend thereon and without the "Schedule of Exchanges of Interests in the Global  Security" attached thereto). Each Global Security shall represent such of the  outstanding Designated Securities as shall be specified in the "Schedule of  Exchanges of Interests in the Global Security" attached thereto and each shall  provide that it shall represent up to the aggregate principal amount of Designated  Securities from time to time endorsed thereon and that the aggregate principal  amount of outstanding Designated Securities represented thereby may from time  to time be reduced or increased, as applicable, to reflect exchanges and  redemptions. Any endorsement of a Global Security to reflect the amount of any  increase or decrease in the aggregate principal amount of outstanding Designated  Securities represented thereby shall be made by the Trustee, in accordance with  instructions given by the Holder thereof as required by Section 2.9 hereof.  (c) Designated Securities offered and sold in reliance on Regulation S shall be  issued initially in the form of the Regulation S Temporary Global Security, which  shall be deposited on behalf of the purchasers of the Designated Securities  represented thereby with the Trustee, as custodian for the Depository, and  registered in the name of the Depository or the nominee of the Depository for the  accounts of designated agents holding on behalf of Euroc1ear or Clearstream, duly  executed by the Company and authenticated by the Trustee as hereinafter  provided. The Restricted Period shall be terminated upon the receipt by the  Trustee of:  (i) a written certificate from the Depository (if available), together  with copies of certificates from Euroc1ear and Clearstream (if available)  certifying that they have received certification of non-United States  beneficial ownership of 100% of the aggregate principal amount of each  Regulation S Temporary Global Security (except to the extent of any  beneficial owners thereof who acquired an interest therein during the  Restricted Period pursuant to another exemption from registration under  the Securities Act and who shall take delivery of a beneficial ownership  interest in a 144A Global Security bearing a Private Placement Legend, all  as contemplated by Section 2.9(b) hereof); and  (ii) an Officer's Certificate from the Issuer.  Following the termination of the Restricted Period, beneficial interests in  each Regulation S Temporary Global Security shall be exchanged for beneficial  interests in the Regulation S Permanent Global Security of the same series  pursuant to the Applicable Procedures. Simultaneously with the authentication of  the corresponding Regulation S Permanent Global Security, the Trustee shall  cancel the corresponding Regulation S Temporary Global Security. The  aggregate principal amount of a Regulation S Temporary Global Security and the  Regulation S Permanent Global Security may from time to time be increased or  11  068301-0006-1 0016-Active.11878547.4  

 

decreased by adjustments made on the records of the Trustee and the Depository  or its nominee, as the case may be, in connection with transfers of interest as  hereinafter provided.  (d) The terms and provisions contained in the Designated Securities shall  constitute, and are hereby expressly made, a part of the Indenture, and the Issuer  and the Trustee, by their execution and delivery of this Supplemental Indenture,  expressly agree to such terms and provisions and to be bound thereby. However,  to the extent any provision of any Designated Security conflicts with the express  provisions of the Indenture, the provisions of the Indenture shall govern and be  controlling.  (e) The provisions of the "Operating Procedures of the Euroclear System" and  "Terms and Conditions Governing Use of Euroclear" and the "General Terms and  Conditions of Clearstream Banking" and "Customer Handbook" of Clearstream  shall be applicable to transfers of beneficial interests in the Regulation S  Temporary Global Security and the Regulation S Permanent Global Securities  that are held by Participants through Euroclear or Clearstream.  SECTION 2.9. Transfer and Exchange. The transfer or exchange of Designated  Securities shall be effected in accordance with Section 3.6 of the Original Indenture and  this Section 2.9.  (a) Transfer and Exchange of Global Securities. Except as otherwise set forth  in this Section 2.9, a Global Security may be transferred, in whole and not in part,  only to another nominee of the Depository or to a successor Depository or a  nominee of such successor Depository. A beneficial interest in a Global Security  may not be exchanged for a Definitive Security unless (i) the Depository  (x) notifies the Issuer that it is unwilling or unable to continue as Depository for  such Global Security or (y) has ceased to be a clearing agency registered under  the Exchange Act and, in either case, a successor Depository is not appointed by  the Issuer within 120 days or (ii) there shall have occurred and be continuing a  Default with respect to the Designated Securities. Upon the occurrence of any of  the preceding events in (i) or (ii) above, Definitive Securities delivered in  exchange for any Global Security or beneficial interests therein will be registered  in the names, and issued in any approved denominations, requested by or on  behalf of the Depository (in accordance with its customary procedures). Global  Securities also may be exchanged or replaced, in whole or in part, as provided in  Sections 3.7 and 3.10 of the Original Indenture. Every Designated Security  authenticated and delivered in exchange for, or in lieu of, a Global Security or any  portion thereof, pursuant to this Section 2.9 or Section 3.7 of the Original  Indenture or 3.10 of the Original Indenture, shall be authenticated and delivered in  the form of, and shall be, a Global Security, except for Definitive Securities  issued subsequent to any of the preceding events in (i) or (ii) above and pursuant  to Section 2.9(c) hereof. A Global Security may not be exchanged for another  Designated Security other than as provided in this Section 2.9(a); provided,  12  068301-0006-10016-Active.1187854 7.4  

 

however, beneficial interests in a Global Security may be transferred and  exchanged as provided in Section 2.9(b), (c) or (d) hereof  (b) Transfer and Exchange of Beneficial Interests in the Global Securities.  The transfer and exchange of beneficial interests in the Global Securities shall be  effected through the Depository, in accordance with the provisions of this  Indenture and the Applicable Procedures. Beneficial interests in the Restricted  Global Securities shall be subject to restrictions on transfer comparable to those  set forth herein to the extent required by the Securities Act. Transfers of  beneficial interests in the Global Securities also shall require compliance with  either subparagraph (i) or (ii) below, as applicable, as well as one or more of the  other following subparagraphs, as applicable:  (i) Transfer of Beneficial Interests in the Same Global Security.  Beneficial interests in any Restricted Global Security may be transferred  to Persons who take delivery thereof in the form of a beneficial interest in  the same Restricted Global Security in accordance with the transfer  restrictions set forth in the Private Placement Legend; provided, however,  that prior to the expiration of the Restricted Period, transfers of beneficial  interests in the Regulation S Temporary Global Security may not be made  to a U.S. Person or for the account or benefit of a U.S. Person. Beneficial  interests in any Unrestricted Global Security may be transferred to Persons  who take delivery thereof in the form of a beneficial interest in an  Unrestricted Global Security. No written orders or instructions shall be  required to be delivered to the Securities Registrar to effect the transfers  described in this Section 2.9(b )(i).  (ii) All Other Transfers and Exchanges of Beneficial Interests in  Global Securities. In connection with all transfers and exchanges of  beneficial interests that are not subject to Section 2.9(b )(i) hereof, the  transferor of such beneficial interest must deliver to the Securities  Registrar either (A) both (1) a written order from a Participant or an  Indirect Participant given to the Depository in accordance with the  Applicable Procedures directing the Depository to credit or cause to be  credited a beneficial interest in another Global Security in an amount  equal to the beneficial interest to be transferred or exchanged and  (2) instructions given in accordance with the Applicable Procedures  containing information regarding the Participant account to be credited  with such increase or (B) both (1) a written order from a Participant or an  Indirect Participant given to the Depository in accordance with the  Applicable Procedures directing the Depository to cause to be issued a  Definitive Security of the same series in an amount equal to the beneficial  interest to be transferred or exchanged and (2) instructions given by the  Depository to the Securities Registrar containing information regarding  the Person in whose name such Definitive Security shall be registered to  effect the transfer or exchange referred to in (1) above; provided that in no  13  068301-0006-10016-Active.11878547.4  

 

event shall Defmitive Securities be issued upon the transfer or exchange of  beneficial interests in the Regulation S Temporary Global Security prior to  (A) the expiration of the Restricted Period and (B) the receipt by the  Securities Registrar of any certificates required pursuant to Rule 903.  Upon satisfaction of all of the requirements for transfer or exchange of  beneficial interests in Global Securities contained in this Indenture and the  Designated Securities or otherwise applicable under the Securities Act, the  Trustee shall adjust the principal amount of the relevant Global Securities  pursuant to Section 2.9(g) hereof.  (iii) Transfer of Beneficial Interests to Another Restricted Global  Security. A beneficial interest in any Restricted Global Security may be  transferred to a Person who takes delivery thereof in the form of a  beneficial interest in another Restricted Global Security if the transfer  complies with the requirements of Section 2.9(b )(ii) hereof and the  Securities Registrar receives the following:  (A) if the transferee will take delivery in the form of a  beneficial interest in a 144A Global Security, then the transferor  must deliver a certificate in the form of Exhibit B hereto, including  the certifications in item (1) thereof; or  (B) if the transferee will take delivery in the form of a  beneficial interest in the Regulation S Global Security, then the  transferor must deliver a certificate in the form of Exhibit B hereto,  including the certifications in item (2) thereof.  (iv) Transfer and Exchange of Beneficial Interests in a Restricted  Global Security for Beneficial Interests in an Unrestricted Global Security.  A beneficial interest in any Restricted Global Security may be exchanged  by any holder thereof for a beneficial interest in an Unrestricted Global  Security or transferred to a Person who takes delivery thereof in the form  ofa beneficial interest in an Unrestricted Global Security if the exchange  or transfer complies with the requirements of Section 2.9(b )(ii) hereof the  Securities Registrar receives the following:  (A) if the holder of such beneficial interest in a Restricted  Global Security proposes to exchange such beneficial interest for a  beneficial interest in an Unrestricted Global Security of the same  series, a certificate from such Holder substantially in the form of  Exhibit C hereto, including the certifications in item (l)(a) thereof;  or  (B) if the holder of such beneficial interest in a Restricted  Global Security proposes to transfer such beneficial interest to a  Person who shall take delivery thereof in the form of a beneficial  14  068301-0006-10016-Active.11878547.4  

 

interest in an Unrestricted Global Security ofthe same series, a  certificate from such holder in the form of Exhibit B hereto,  including the certifications in item (4) thereof;  and, in each such case set forth in subparagraph (A) or (B), if the Securities Registrar so  requests or if the Applicable Procedures so require, an Opinion of Counsel in form  reasonably acceptable to the Securities Registrar to the effect that such exchange or  transfer is in compliance with the Securities Act and that the restrictions on transfer  contained herein and in the Private Placement Legend are no longer required in order to  maintain compliance with the Securities Act.  If any such transfer is effected pursuant to clause (iv) above at a time when an  Unrestricted Global Security has not yet been issued, the Issuer shall issue and, upon  receipt ofa Company Order in accordance with Section 3.3 of the Original Indenture, the  Trustee shall authenticate one or more Unrestricted Global Securities in an aggregate  principal amount equal to the aggregate principal amount of beneficial interests  transferred pursuant to subparagraph (A) or (B) above.  Beneficial interests in an Unrestricted Global Security cannot be exchanged for,  or transferred to Persons who take delivery thereof in the form of, a beneficial interest in  a Restricted Global Security.  (c) Transfer or Exchange of Beneficial Interests for Definitive Securities.  (i) Beneficial Interests in Restricted Global Securities to Restricted  Definitive Securities. If any holder of a beneficial interest in a Restricted  Global Security proposes to exchange such beneficial interest for a  Restricted Definitive Security or to transfer such beneficial interest to a  Person who takes delivery thereof in the form of a Restricted Definitive  Security, then, upon the occurrence of any of the events in paragraph (i) or  (ii) of Section 2.9( a) hereof and receipt by the Securities Registrar of the  following documentation:  (A) if the holder of such beneficial interest in a Restricted  Global Security proposes to exchange such beneficial interest for a  Restricted Definitive Security, a certificate from such holder  substantially in the form of Exhibit C hereto, including the  certifications in item (2)(a) thereof;  (B) if such beneficial interest is being transferred to a QIB in  accordance with Rule 144A, a certificate substantially in the form  of Exhibit B hereto, including the certifications in item (1) thereof;  (C) if such beneficial interest is being transferred to a Non-U.S.  Person in an offshore transaction in accordance with Rule 903 or  15  068301·0006·10016·Active.11878547.4  

 

Rule 904, a certificate substantially in the fonn of Exhibit B  hereto, including the certifications in item (2) thereof;  (D) if such beneficial interest is being transferred pursuant to an  exemption from the registration requirements of the Securities Act  in accordance with Rule 144, a certificate substantially in the fonn  of Exhibit B hereto, including the certifications in item (3)(a)  thereof;  (E) if such beneficial interest is being transferred to the Issuer  or any of its Restricted Subsidiaries, a certificate substantially in  the fonn of Exhibit B hereto, including the certifications in  item (3)(b) thereof; or  (F) if such beneficial interest is being transferred pursuant to an  effective registration statement under the Securities Act, a  certificate substantially in the fonn of Exhibit B hereto, including  the certifications in item (3 )( c) thereof,  the Trustee shall cause the aggregate principal amount of the applicable Global Security  to be reduced accordingly pursuant to Section 2.9(g) hereof, and the Issuer shall execute  and the Trustee shall authenticate and mail to the Person designated in the instructions a  Definitive Security in the applicable principal amount. Any Definitive Security issued in  exchange for a beneficial interest in a Restricted Global Security pursuant to this  Section 2.9( c )(i) shall be registered in such name or names and in such authorized  denomination or denominations as the holder of such beneficial interest shall instruct the  Securities Registrar through instructions from the Depository and the Participant or  Indirect Participant. The Trustee shall mail such Definitive Securities to the Persons in  whose names such Designated Securities are so registered at the address appearing in the  Securities Register. Any Definitive Security issued in exchange for a beneficial interest  in a Restricted Global Security pursuant to this Section 2.9( c )(i) shall bear the Private  Placement Legend and shall be subject to all restrictions on transfer contained therein.  (ii) Beneficial Interests in Regulation S Temporary Global Security to  Definitive Securities. Notwithstanding Sections 2.9(c)(i)(A) and (C)  hereof, a beneficial interest in the Regulation S Temporary Global  Security may not be exchanged for a Definitive Security or transferred to a  Person who takes delivery thereof in the fonn of a Definitive Security  prior to (A) the expiration of the Restricted Period and (B) the receipt by  the Securities Registrar of any certificates required pursuant to  Rule 903 of the Securities Act, except in the case of a transfer pursuant to  an exemption from the registration requirements of the Securities Act  other than Rule 903 or Rule 904.  (iii) Beneficial Interests in Restricted Global Securities to Unrestricted  Definitive Securities. A holder of a beneficial interest in a Restricted  16  068301-0006-I0016-Active.11878547.4  

 

Global Security may exchange such beneficial interest for an Unrestricted  Definitive Security or may transfer such beneficial interest to a Person  who takes delivery thereof in the form of an Unrestricted Definitive  Security only upon the occurrence of any ofthe events in subsection (i) or  (ii) of Section 2.9(a) hereof and if the Securities Registrar receives the  following:  (A) if the holder of such beneficial interest in a Restricted  Global Security proposes to exchange such beneficial interest for  an Unrestricted Definitive Security, a certificate from such holder  substantially in the form of Exhibit C hereto, including the  certifications in item (1 )(b) thereof; or  (B) if the holder of such beneficial interest in a Restricted  Global Security proposes to transfer such beneficial interest to a  Person who shall take delivery thereof in the form of an  Unrestricted Definitive Security, a certificate from such holder  substantially in the form of Exhibit B hereto, including the  certifications in item (4) thereof;  and, in each such case set forth in this subparagraph (A) or (B) above, if the Securities  Registrar so requests or if the Applicable Procedures so require, an Opinion of Counsel in  form reasonably acceptable to the Securities Registrar to the effect that such exchange or  transfer is in compliance with the Securities Act and that the restrictions on transfer  contained herein and in the Private Placement Legend are no longer required in order to  maintain compliance with the Securities Act.  (iv) Beneficial Interests in Unrestricted Global Securities to  Unrestricted Definitive Securities. If any ho lder of a beneficial interest in  an Unrestricted Global Security proposes to exchange such beneficial  interest for a Definitive Security or to transfer such beneficial interest to a  Person who takes delivery thereof in the form of a Definitive Security,  then, upon the occurrence of any of the events in subsection (i) or (ii) of  Section 2.9(a) hereof and satisfaction of the conditions set forth in  Section 2.9(b )(ii) hereof, the Trustee shall cause the aggregate principal  amount of the applicable Global Security to be reduced accordingly  pursuant to Section 2.9(g) hereof, and the Issuer shall execute and the  Trustee shall authenticate and mail to the Person designated in the  instructions a Definitive Security in the applicable principal amount. Any  Definitive Security issued in exchange for a beneficial interest pursuant to  this Section 2.9(c)(iv) shall be registered in such name or names and in  such authorized denomination or denominations as the holder of such  beneficial interest shall instruct the Securities Registrar through  instructions from or through the Depository and the Participant or Indirect  Participant. The Trustee shall mail such Definitive Securities to the  Persons in whose names such Securities are so registered. Any Definitive  17  068301·0006·1 0016·Active.11878547.4  

 

Security issued in exchange for a beneficial interest pursuant to this  Section 2.9(c)(iv) shall not bear the Private Placement Legend.  (d) Transfer and Exchange of Definitive Securities for Beneficial Interests.  (i) Restricted Definitive Securities to Beneficial Interests in Restricted  Global Securities. If any Holder of a Restricted Definitive Security  proposes to exchange such Designated Security for a beneficial interest in  a Restricted Global Security or to transfer such Restricted Definitive  Security to a Person who takes delivery thereof in the form of a beneficial  interest in a Restricted Global Security, then, upon receipt by the  Securities Registrar of the following documentation:  (A) if the Holder of such Restricted Definitive Security  proposes to exchange such Designated Security for a beneficial  interest in a Restricted Global Security, a certificate from such  Holder substantially in the form of Exhibit C hereto, including the  certifications in item (2)(b) thereof;  (B) if such Restricted Definitive Security is being transferred to  a QIB in accordance with Rule 144A, a certificate substantially in  the form of Exhibit B hereto, including the certifications in  item (1) thereof;  (C) if such Restricted Definitive Security is being transferred to  a Non-U.S. Person in an offshore transaction in accordance with  Rule 903 or Rule 904, a certificate substantially in the form of  Exhibit B hereto, including the certifications in item (2) thereof;  (D) if such Restricted Definitive Security is being transferred  pursuant to an exemption from the registration requirements of the  Securities Act in accordance with Rule 144, a certificate  substantially in the form of Exhibit B hereto, including the  certifications in item (3)(a) thereof;  (E) if such Restricted Definitive Security is being transferred to  the Issuer or any of its Restricted Subsidiaries, a certificate  substantially in the form of Exhibit B hereto, including the  certifications in item (3 )(b) thereof; or  (F) if such Restricted Defmitive Security is being transferred  pursuant to an effective registration statement under the Securities  Act, a certificate substantially in the form of Exhibit B hereto,  including the certifications in item (3)( c) thereof,  the Trustee shall cancel the Restricted Definitive Security, increase or cause to be  increased the aggregate principal amount of, in the case of clause (A) above, the  18  068301-0006-10016-Active.11878547.4  

 

applicable Restricted Global Security, in the case of clause (B) above, the applicable  144A Global Security, and in the case of clause (C) above, the applicable Regulation S  Global Security.  (ii) Restricted Definitive Securities to Beneficial Interests in  Unrestricted Global Securities. A Holder of a Restricted Definitive  Security may exchange such Designated Security for a beneficial interest  in an Unrestricted Global Security or transfer such Restricted Definitive  Security to a Person who takes delivery thereof in the form of a beneficial  interest in an Unrestricted Global Security only if the Securities Registrar  receives the following:  (A) if the Holder of such Definitive Securities proposes to  exchange such Designated Securities for a beneficial interest in the  Unrestricted Global Security, a certificate from such Holder  substantially in the form of Exhibit C hereto, including the  certifications in item (1)( c) thereof; or  (B) if the Holder of such Definitive Securities proposes to  transfer such Designated Securities to a Person who shall take  delivery thereof in the form of a beneficial interest in the  Unrestricted Global Security, a certificate from such Holder  substantially in the form of Exhibit B hereto, including the  certifications in item (4) thereof;  and, in each such case set forth in this subsection (A) or (B) above, if the Securities  Registrar so requests or if the Applicable Procedures so require, an Opinion of Counsel in  form reasonably acceptable to the Securities Registrar to the effect that such exchange or  transfer is in compliance with the Securities Act and that the restrictions on transfer  contained herein and in the Private Placement Legend are no longer required in order to  maintain compliance with the Securities Act.  Upon satisfaction of the conditions of any 0 f the subparagraphs in this  Section 2.9(d)(ii), the Trustee shall cancel the Definitive Securities and increase or cause  to be increased the aggregate principal amount of the Unrestricted Global Security.  (iii) Unrestricted Definitive Securities to Beneficial Interests in  Unrestricted Global Securities. A Holder of an Unrestricted Definitive  Security may exchange such Designated Security for a beneficial interest  in an Unrestricted Global Security or transfer such Definitive Securities to  a Person who takes delivery thereof in the form of a beneficial interest in  an Unrestricted Global Security at any time. Upon receipt of a request for  such an exchange or transfer, the Trustee shall cancel the applicable  Unrestricted Definitive Security and increase or cause to be increased the  aggregate principal amount of one of the Unrestricted Global Securities.  19  068301-0006-10016-Active.11878547.4  

 

If any such exchange or transfer from a Definitive Security to a beneficial interest  is effected pursuant to clauses (ii) or (iii) above at a time when an Unrestricted Global  Security has not yet been issued, the Issuer shall issue and, upon receipt of a Company  Order in accordance with Section 3.3 of the Original Indenture, the Trustee shall  authenticate one or more Unrestricted Global Securities in an aggregate principal amount  equal to the principal amount of Definitive Securities so transferred.  (e) Transfer and Exchange of Definitive Securities for Definitive Securities.  Upon request by a Holder of Definitive Securities and such Holder's compliance  with the provisions of this Section 2.9( e), the Securities Registrar shall register the  transfer or exchange of Definitive Securities. Prior to such registration of transfer  or exchange, the requesting Holder shall present or surrender to the Securities  Registrar the Definitive Securities duly endorsed or accompanied by a written  instruction of transfer in form satisfactory to the Securities Registrar duly  executed by such Holder or by its attorney, duly authorized in writing. In  addition, the requesting Holder shall provide any additional certifications,  documents and information, as applicable, required pursuant to the following  provisions of this Section 2.9( e):  (i) Restricted Definitive Securities to Restricted Definitive Securities.  Any Restricted Definitive Security may be transferred to and registered in  the name of Persons who take delivery thereof in the form of a Restricted  Definitive Security if the Securities Registrar receives the following:  (A) if the transfer will be made to a QIB in accordance with  Rule 144A, then the transferor must deliver a certificate in the  form of Exhibit B hereto, including the certifications in item (1)  thereof;  (B) if the transfer will be made pursuant to Rule 903 or  Rule 904, then the transferor must deliver a certificate in the form  of Exhibit B hereto, including the certifications in item (2) thereof;  or  (C) if the transfer will be made pursuant to any other exemption  from the registration requirements of the Securities Act, then the  transferor must deliver a certificate in the form of Exhibit B hereto,  including the certifications required by item (3) thereof, if  applicable.  (ii) Restricted Definitive Securities to Unrestricted Definitive  Securities. Any Restricted Definitive Security may be exchanged by the  Holder thereof for an Unrestricted Definitive Security or transferred to a  Person or Persons who take delivery thereof in the form of an Unrestricted  Definitive Security if the Securities Registrar receives the following:  20  068301-0006-10016-Active.11878547.4  

 

(A) if the Holder of such Restricted Definitive Securities  proposes to exchange such Designated Securities for an  Unrestricted Definitive Security, a certificate from such Holder  substantially in the form of Exhibit C hereto, including the  certifications in item (1)( d) thereof; or  (B) if the Holder of such Restricted Definitive Securities  proposes to transfer such Designated Securities to a Person who  shall take delivery thereof in the form of an Unrestricted Definitive  Security, a certificate from such Holder substantially in the form of  Exhibit B hereto, including the certifications in item (4) thereof;  and, in each such case set forth in this subsection (A) or (B) above, if the Securities  Registrar so requests, an Opinion of Counsel in form reasonably acceptable to the  Securities Registrar to the effect that such exchange or transfer is in compliance with the  Securities Act and that the restrictions on transfer contained herein and in the Private  Placement Legend are no longer required in order to maintain compliance with the  Securities Act.  (iii) Unrestricted Definitive Securities to Unrestricted Definitive  Securities. A Holder of Unrestricted Definitive Securities may transfer  such Designated Securities to a Person who takes delivery thereof in the  form of an Unrestricted Definitive Security. Upon receipt of a request to  register such a transfer, the Securities Registrar shall register the  Unrestricted Definitive Securities pursuant to the instructions from the  Holder thereof.  (f) Legends. The following legends shall appear on the face of all Global  Securities and Definitive Securities issued under this Indenture unless specifically  stated otherwise in the applicable provisions of this Indenture:  (i) Private Placement Legend.  (A) Except as permitted by subparagraph (B) below, each  Global Security and each Definitive Security (and all Designated  Securities issued in exchange therefor or substitution therefor)  shall bear the legend in substantially the following form:  "THIS SECURITY HAS NOT BEEN REGISTERED UNDER  THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE  "SECURITIES ACT"), AND, ACCORDINGLY, MAY NOT BE  OFFERED OR SOLD WITHIN THE UNITED STATES OR TO,  OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS  EXCEPT AS SET FORTH BELOW. BY ITS ACQUISITION  HEREOF, THE HOLDER (1) REPRESENTS THAT (A) IT IS A  "QUALIFIED INSTITUTIONAL BUYER" (AS DEFINED IN  21  068301-0006-1 0016-Active.11878547.4  

 

RULE 144A UNDER THE SECURITIES ACT) OR (B) IT IS  NOT A U.S. PERSON AND IS ACQUIRING THIS SECURITY  IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH  RULE 904 UNDER THE SECURITIES ACT, (2) AGREES  THAT IT WILL NOT WITHIN ONE YEAR AFTER THE  ORIGINAL ISSUANCE OF THIS SECURITY RESELL OR  OTHERWISE TRANSFER THIS SECURITY EXCEPT (A) TO  THE NARRAGANSETT ELECTRIC COMPANY OR ANY  SUBSIDIARY THEREOF, (B) INSIDE THE UNITED STATES  TO A QUALIFIED INSTITUTIONAL BUYER IN  COMPLIANCE WITH RULE 144A UNDER THE SECURITIES  ACT, (C) INSIDE THE UNITED STATES TO AN  ACCREDITED INVESTOR (AS DEFINED IN RULE 501(a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ctive.11878547.4  

 

COMPANY SUCH CERTIFICATIONS, LEGAL OPINIONS OR  OTHER INFORMATION AS ANY OF THEM MAY  REASONABLY REQUIRE TO CONFIRM THAT SUCH  TRANSFER IS BEING MADE PURSUANT TO AN  EXEMPTION FROM, OR IN A TRANSACTION NOT  SUBJECT TO, THE REGISTRATION REQUIREMENTS OF  THE SECURITIES ACT. AS USED HEREIN, THE TERMS  "OFFSHORE TRANSACTION," "UNITED STATES" AND  "U.S. PERSON" HAVE THE MEANING GIVEN TO THEM BY  REGULATION S UNDER THE SECURITIES ACT."  (B) Notwithstanding the foregoing, any Global Security or  Definitive Security issued pursuant to subparagraph (b )(iv), (c )(iii),  (c)(iv), (d)(ii), (d) (iii), (e)(ii) or (e)(iii) of this Section 2.9 (and all  Designated Securities issued in exchange therefor or substitution  thereof) shall not bear the Private Placement Legend.  (ii) Global Security Legend. Each Global Security shall bear a legend  in substantially the following form:  "THIS GLOBAL SECURITY IS HELD BY THE DEPOSITORY (AS  DEFINED IN THE INDENTURE GOVERNING THIS SECURITY) OR  ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE  BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE  TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT  (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS  MAY BE REQUIRED PURSUANT TO SECTION 2.9(g) OF THE  SUPPLEMENTAL INDENTURE, (II) THIS GLOBAL SECURITY  MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT  TO SECTION 2.9(a) OF THE SUPPLEMENTAL INDENTURE,  (III) THIS GLOBAL SECURITY MAY BE DELIVERED TO THE  TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 3.9 OF  THE ORIGINAL INDENTURE AND (IV) THIS GLOBAL SECURITY  MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITORY WITH  THE PRIOR WRITTEN CONSENT OF THE ISSUER.  UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART  FOR SECURITIES IN DEFINITIVE FORM, THIS GLOBAL  SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE  BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR  BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR  ANOTHER NOMINEE OF THE DEPOSITORY OR BY THE  DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR  DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR  DEPOSITORY. UNLESS THIS CERTIFICATE IS PRESENTED BY  AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY  23  068301-0006-10016-Active.11878547.4  

 

TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK)  ("DTC") TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF  TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE  ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH  OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED  REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO  CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED  BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY  TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR  OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH  AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN  INTEREST HEREIN."  (iii) Regulation S Temporary Global Security Legend. The  Regulation S Temporary Global Security shall bear a legend in  substantially the following form:  "BY ITS ACQUISITION HEREOF, THE HOLDER HEREOF  REPRESENTS THAT IT IS NOT A U.S. PERSON, NOR IS IT  PURCHASING FOR THE ACCOUNT OF A U.S. PERSON, AND IS  ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION  IN ACCORDANCE WITH REGULATION S UNDER THE  SECURITIES ACT."  (g) Cancellation and/or Adjustment of Global Securities. At such time as all  beneficial interests in a particular Global Security have been exchanged for  Definitive Securities or a particular Global Security has been redeemed,  repurchased or canceled in whole and not in part, each such Global Security shall  be returned to or retained and canceled by the Trustee in accordance with  Section 3.9 hereof At any time prior to such cancellation, if any beneficial  interest in a Global Security is exchanged for or transferred to a Person who will  take delivery thereof in the form ofa beneficial interest in another Global Security  or for Definitive Securities, the principal amount of Securities represented by such  Global Security shall be reduced accordingly and an endorsement shall be made  on such Global Security by the Trustee or by the Depository at the direction ofthe  Trustee to reflect such reduction; and if the beneficial interest is being exchanged  for or transferred to a Person who will take delivery thereof in the form of a  beneficial interest in another Global Security, such other Global Security shall be  increased accordingly and an endorsement shall be made on such Global Security  by the Trustee or by the Depository at the direction of the Trustee to reflect such  Increase.  (h) Automatic Exchange from Restricted Global Security to Unrestricted  Global Security. At the option of the Issuer and upon compliance with the  following procedures, beneficial interests in a Restricted Global Security shall be  exchanged for beneficial interests in an Unrestricted Global Security. In order to  24  068301·0006·10016·Active.11878547.4  

 

effect such exchange, the Issuer shall provide written notice to the Trustee  instructing the Trustee to (i) direct the Depository to transfer the specified amount  of the outstanding beneficial interests in a particular Restricted Global Security to  an Unrestricted Global Security and provide the Depository with all such  information as is necessary for the Depository to appropriately credit and debit the  relevant Holder accounts and (ii) provide prior written notice to all Holders of  such exchange, which notice must include the date such exchange is proposed to  occur, the CUSIP number of the relevant Restricted Global Security and the  CUSIP number of the Unrestricted Global Security into which such Holders'  beneficial interests will be exchanged. As a condition to any such exchange  pursuant to this Section 2.9(h), the Trustee shall be entitled to receive from the  Issuer, and rely conclusively without any liability, upon an Officer's Certificate  and an Opinion of Counsel to the Issuer, in form and in substance reasonably  satisfactory to the Trustee, to the effect that such transfer of beneficial interests to  the Unrestricted Global Security shall be effected in compliance with the  Securities Act. The Issuer may request from Holders such information it  reasonably determines is required in order to be able to deliver such Officer's  Certificate and Opinion of Counsel. Upon such exchange of beneficial interests  pursuant to this Section 2.9(h), the Securities Registrar shall reflect on its books  and records the date of such transfer and a decrease and increase, respectively, in  the principal amount of the applicable Restricted Global Securities and the  Unrestricted Global Securities, respectively, equal to the principal amount of  beneficial interests transferred. Following any such transfer pursuant to this  Section 2.9(h) of all of the beneficial interests in a Restricted Global Security,  such Restricted Global Security shall be cancelled.  (i) Transfers of Securities Held by Affiliates. Any certificate (i) evidencing a  Designated Security that has been transferred to an affiliate (as defined in Rule  405 of the Securities Act) of the Issuer, as evidenced by a notation on the  certificate of transfer and certificate of exchange for such transfer or in the  representation letter delivered in respect thereof or (ii) evidencing a Designated  Security that has been acquired from an affiliate (other than by an affiliate) in a  transaction or a chain of transactions not involving any public offering, shall, until  one year after the last date on which either the Issuer or any affiliate of the Issuer  was an owner of such Designated Security, in each case, be in the form of a  permanent definitive security and bear the private placement legend subject to the  restrictions in this Section 2.9. The Securities Registrar shall retain copies of all  letters, notices and other written communications received pursuant to this  Section 2.9. The Issuer, at its sole cost and expense, shall have the right to inspect  and make copies of all such letters, notices or other written communications at  any reasonable time upon the giving of reasonable advance written notice to the  Trustee.  25  068301-0006-1 0016-Active.11878547.4  

 

IN WITNESS WHEREOF, each of the parties hereto has caused this Supplemental  Indenture to be duly executed on its behalf as of the date first above written.  068301-0006-IOOI6-Aclive.11878547.4  THE NARRAGANSETI ELECTRIC COMPANY,  as Issuer  By: ;i(.C~  Name: Malcolm Cooper  Title: Treasurer  Signed fol' and on behalf of  TI-IE BANK OF NEW YORK MELLON,  as Trustee and Paying Agent  By:  Name:  Title:  3  

 

IN WITNESS WHEREOF, each ofthe parties hereto has caused this Supplemental  Indenture to be duly executed on its behalf as of the date first above written.  068301-0006-1 00 16-Active. 1 1878547.4  THE NARRAGANSETI ELECTRIC COMPANY,  as Issuer  By:  By:  Name: Malcolm Cooper  Title: Treasurer  

 

FORM DESIGNATED SECURITY  [Face of Designated Security]  [Insert Global Security Legend, if applicable pursuant to the provisions of the  Supplemental Indenture.]  EXHIBIT A  [Insert Private Placement Legend, if applicable pursuant to the provisions of the  Supplemental Indenture.]  [Insert Regulation S Temporary Global Security Legend, if applicable pursuant to the  provisions of the Supplemental Indenture.]  A-I  068301-0006-10016-Active.11878547.4  

 

THE NARRAGANSETT ELECTRIC COMPANY  4.534% Senior Notes due 2020  No.  CUSIP [  ISIN [  [$ __ --1  THE NARRAGANSETT ELECTRIC COMPANY, a Rhode Island company (the "Issuer"), for  value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum  [of$ ] [set forth on the Schedule of Exchanges ofInterests in the Global Security  attached hereto] on March 15, 2020 and to pay interest thereon from March 22, 2010 or from the  most recent Interest Payment Date to which interest has been paid or duly provided for, semi­ annually in arrears on March 15 and September 15 of each year, commencing September 15,  2010, at the rate of 4.534% per annum until Maturity, and at Maturity.  Interest will be computed on the basis of a 360-day year comprised of twelve 30-day  months. Except as described below for the first Interest Payment Date, on each Interest Payment  Date, the Issuer will pay interest on the Designated Securities for the period commencing on and  including the immediately preceding Interest Payment Date and ending on and excluding such  Interest Payment Date. On the first Interest Payment Date, the Issuer will pay interest for the  period commencing on and including the Issue Date and ending on and excluding the first  Interest Payment Date. If any Interest Payment Date falls on a day that is not a Business Day, the  interest payment shall be postponed to the next day that is a Business Day, without interest  accruing on the amount then so payable from such day that is not a Business Day until such  Business Day. If the Maturity of any Designated Security is not a Business Day, payment of  principal, premium, if any, and interest on the applicable Designated Security will be made on  the next succeeding day that is a Business Day, without interest accruing on the amount then so  payable from such day that is not a Business Day until such Business Day.  The interest so payable, and punctually paid or duly provided for, on any Interest  Payment Date will, as provided in the Indenture, be paid to the Person in whose name the  Designated Securities represented hereby (or one or more Predecessor Securities) are registered  at the close of business on the Regular Record Date for such Interest Payment Date, which shall  be the March 1 or September 1, as the case may be, preceding the applicable Interest Payment  Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be  payable to the Holder on such Regular Record Date and may either be paid to the Person in  whose name the Designated Securities represented hereby (or one or more Predecessor  Securities) are registered at the close of business on a Special Record Date for the payment of  such Defaulted Interest to be fixed by or on behalf of the Company, notice whereof shall be  given to Holders of Designated Securities not less than 15 days prior to such Special Record  Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of  any securities exchange on which the Designated Securities may be listed, and upon such notice  as may be required by such exchange, all as more fully provided in the Indenture.  A-2  068301-0006-10016-Active.11878547.4  

 

The Bank of N ew York Mellon shall initially act as Trustee and as Paying Agent with  respect to the Designated Securities.  Reference is hereby made to the further provisions of the Designated Securities set forth  on the reverse hereof, which further provisions shall for all purposes have the same effect as if  set forth at this place. '  Unless the certificate of authentication hereon has been executed by the Trustee, directly  or through an Authenticating Agent, by manual signature of an authorized signatory, the  Designated Securities represented hereby shall not be entitled to any benefit under the Indenture  or be valid or obligatory for any purpose.  A-3  068301-0006-10016-Active.11878547.4  

 

IN WITNESS WHEREOF, the Issuer has caused this instrument to be duly executed manually  or in facsimile.  Dated: THE NARRAGANSETT ELECTRIC COMPANY  By: __________________________ __  Name:  Title:  CERTIFICATE OF AUTHENTICATION  This is one of the Securities of the series designated therein referred to in the within­ mentioned Indenture.  Dated:  Signed for and on behalf of  The Bank: of New York Mellon,  as Trustee  By: ______________________ _  Authorized Signatory  A-4  068301-0006-1 0016-Active.11878547.4  

 

[Reverse of Designated Security]  THE NARRAGANSETT ELECTRIC COMPANY  This Designated Security represents a duly authorized issue of 4.534% Senior Notes due  2020 (the "Designated Securities"), issued under an Indenture, dated as of March 22,2010 (the  "Original Indenture"), between the Issuer and The Bank of New York Mellon, as Trustee (the  "Trustee," which term includes any successor trustee under the Indenture), as supplemented  with respect to the Designated Securities by the First Supplemental Indenture, dated as of March  22,2010, between the Issuer and The Bank of New York Mellon, as Trustee and Paying Agent  (together with the Original Indenture, the "Indenture"). Reference is hereby made to the  Indenture for a statement of the respective rights, limitations of rights, duties and immunities  thereunder of the Issuer, the Trustee and the Holders of the Designated Securities and of the  terms upon which the Designated Securities are, and are to be, authenticated and delivered.  At any time and from time to time, the Issuer may redeem all or a part of the Designated  Securities, upon not less than 30 nor more than 60 days' prior notice mailed by first-class mail to  the registered address of each Holder of Designated Securities or otherwise in accordance with  the procedures of the Depository, at a Redemption Price equal to the greater of (1) 100% of the  principal amount of the Designated Securities redeemed and (2) the present value at such  Redemption Date of (i) the principal amount of such Designated Securities on the Redemption  Date, plus (ii) all required interest payments due on such Designated Securities through March  15,2020, computed using a discount rate equal to the Treasury Rate determined on the third  Business Day preceding the date notice of such optional redemption is to be given plus 15 basis  points, plus, in each case, accrued and unpaid interest, if any, to the Redemption Date, subject to  the rights of Holders of Designated Securities on the relevant Regular Record Date to receive  interest due on the relevant Interest Payment Date.  "Treasury Rate" means, as of any Redemption Date, the yield to maturity as of such  Redemption Date of United States Treasury securities with a constant maturity (as compiled and  published in the most recent Federal Reserve Statistical Release H.15 (519) that has become  publicly available at least two Business Days prior to the Redemption Date (or, if such Statistical  Release is no longer published, any publicly available source of similar market data)) most  nearly equal to the period from the Redemption Date to March 15, 2020; provided, however, that  if the period from the Redemption Date to March 15,2020 is less than one year, the weekly  average yield on actually traded United States Treasury securities adjusted to a constant maturity  of one year will be used.  If an Event of Default with respect to the Designated Securities shall occur ~md be  continuing, principal ot: premium, if any, and accrued but unpaid interest on the Designated  Securities may be declared due and payable in the manner, with the effect and subject to the  conditions provided in the Indenture.  The Indenture permits, with certain exceptions as therein provided, the amendment  thereof and the modification of the rights and obligations of the Issuer and the rights of the  Holders of the Securities of each series to be affected under the Indenture at any time by the  A-5  068301-0006-10016-Active.11878547.4  

 

Issuer and the Trustee with the consent of the Holders of a majority in principal amount of the  securities at the time Outstanding of each series to be affected. The Indenture also contains  provisions permitting the Holders of specified percentages in principal amount of the Securities  of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to  waive compliance by the Issuer with certain provisions of the Indenture and certain past defaults  under the Indenture and their consequences. Any such consent or waiver by the Holder of the  Designated Securities represented by this Designated Security shall be conclusive and binding  upon such Holder and upon all future Holders of the Designated Securities represented by this  Designated Security and of the Designated Securities represented by any Designated Security  issued upon the registration of transfer of the Designated Securities represented by this  Designated Security or in exchange thereof or in lieu thereof, whether or not notation of such  consent or waiver is made upon this Designated Security.  No reference herein to the Indenture and no provision of the Designated Securities or of  the Indenture shall alter or impair the obligation of the Issuer, which is absolute and  unconditional, to pay the principal of, premium, if any, and interest and, to the extent that  payment of such interest shall be legally enforceable, interest on any overdue principal or  premium or any overdue interest, on the Designated Securities at the rate or rates herein  prescribed.  As provided in the Indenture, the Issuer shall cause to be kept at the Corporate Trust  Office of the Trustee a Register in which, subject to such reasonable regulations as it may  prescribe, the Issuer shall provide for the registration of Designated Securities and of transfers of  Designated Securities.  No service charge shall be made for any such registration of transfer or exchange, but the  Issuer may require payment of a sum sufficient to cover any tax or other governmental charge  that may be imposed in connection with any registration of transfer or exchange, other than as set  forth in the Indenture.  Prior to due presentment of this Designated Security for registration of transfer of any  Designated Security represented hereby, the Issuer, the Trustee and any agent of the Issuer or the  Trustee may treat the Person in whose name this Designated Security is registered as the owner  ofthis Designated Security for the purpose of receiving payment of principal of and any  premium and (subject to Section 3.8 ofthe Original Indenture) any interest on such Security and  for all other purposes whatsoever, whether or not this Designated Security be overdue, and  neither the Issuer, the Trustee nor any agent of the Issuer or the Trustee shall be affected by  notice to the contrary.  THE INDENTURE AND THE DESIGNATED SECURITIES SHALL BE GOVERNED  BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW  YORK.  All capitalized terms used herein which are not otherwise defined herein shall have the  meanings assigned to them in the Indenture.  A-6  068301·0006-10016-Active.11878547.4  

 

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL SECURITY!  The initial outstanding principal amount of this Global Security is $  -----------------. The following exchanges of a part of this Global Security for an  interest in another Global Security or for a Definitive Security, or exchanges of a part of another  Global or Definitive Security for an interest in this Global Security, have been made:  Date of Exchange  Amount of  decrease in  Principal Amount  Amount of increase  in Principal  Amount of this  Global Note  Principal Amount  of this Global Note  following each  decrease or  increase  Signature of  authorized officer  of Trustee or  Custodian  This schedule should be included only if the Designated Security is issued in global form.  A-7  068301-0006-1 00 1 6-Active. 1 1878547 .4  

 

FORM OF CERTIFICATE OF TRANSFER  c/o The Narragansett Electric Company  280 Melrose Street  Providence, Rhode Island 02907  Attention: Treasurer  The Bank ofN ew York Mellon  Corporate Trust Services  One Canada Square  London E14 5AL  United Kingdom  Facsimile No.: +44-(0)20-7964-2536  Attention: Corporate Trust Services  Re: 4.534% Senior Notes due 2020  EXHIBITB  Reference is hereby made to the Indenture, dated as of March 22, 2010, between The  Narragansett Electric Company and the Trustee, as supplemented by the First Supplemental  Indenture, dated as of March 22, 2010, between The Narragansett Electric Company and the  Trustee (the "Indenture"). Capitalized terms used but not defined herein shall have the meanings  given to them in the Indenture.  _______ (the "Transferor") owns and proposes to transfer the Designated  Securities or interests in such Designated Securities specified in Annex A hereto, in the principal  amount of $ in such Designated Securities or interests (the "Transfer"), to  _______ (the "Transferee"), as further specified in Annex A hereto. In connection  with the Transfer, the Transferor hereby certifies that:  [CHECK ALL THAT APPLY]  1. 0 Check if Transferee will take delivery of a beneficial interest in  the 144A Global Security or a Definitive Security pursuant to Rule 144A. The Transfer is  being effected pursuant to and in accordance with Rule 144A under the United States Securities  Act of 1933, as amended (the "Securities Act"), and, accordingly, the Transferor hereby further  certifies that the beneficial interest or Definitive Security is being transferred to a Person that the  Transferor reasonably believes is purchasing the beneficial interest or Definitive Security for its  own account, or for one or more accounts with respect to which such Person exercises sole  investment discretion, and such Person and each such account is a "qualified institutional buyer"  within the meaning of Rule 144A in a transaction meeting the requirements of Rule 144A and  such Transfer is in compliance with any applicable blue sky securities laws of any state of the  United States.  2. 0 Check if Transferee will take delivery of a beneficial interest in  the Regulation S Global Security or a Definitive Security pursuant to Regulation S. The  Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 under the  B-1  068301·0006·10016·Active.11878547.4  

 

Securities Act and, accordingly, the Transferor hereby further certifies that (i) the Transfer is not  being made to a person in the United States and (x) at the time the buy order was originated, the  Transferee was outside the United States or such Transferor and any Person acting on its behalf  reasonably believed and believes that the Transferee was outside the United States or (y) the  transaction was executed in, on or through the facilities of a designated offshore securities  market and neither such Transferor nor any Person acting on its behalf knows that the transaction  was prearranged with a buyer in the United States, (ii) no directed selling efforts have been made  in contravention of the requirements of Rule 903(b) or Rule 904(b) of Regulation S under the  Securities Act, (iii) the transaction is not part of a plan or scheme to evade the registration  requirements of the Securities Act and (iv) ifthe proposed transfer is being made prior to the  expiration of the Restricted Period, the transfer is not being made to a U.S. Person or for the  account or benefit of a U.S. Person (other than an Initial Purchaser). Upon consummation of the  proposed transfer in accordance with the terms of the Indenture, the transferred beneficial  interest or Definitive Security will be subject to the restrictions on Transfer enumerated in the  Indenture and the Securities Act.  3. D Check and complete if Transferee will take delivery of a beneficial  interest in the Definitive Security pursuant to any provision of the Securities Act other than  Rule 144A or Regulation S. The Transfer is being effected in compliance with the transfer  restrictions applicable to beneficial interests in Restricted Global Securities and Restricted  Definitive Securities and pursuant to and in accordance with the Securities Act and any  applicable blue sky securities laws of any state of the United States, and accordingly the  Transferor hereby further certifies that (check one):  ( a) [] such Transfer is being effected pursuant to and in accordance with  Rule 144 under the Securities Act;  OR  (b) [] such Transfer is being effected to the Issuer or a subsidiary thereof;  OR  (c) [ ] such Transfer is being effected pursuant to an effective registration  statement under the Securities Act and in compliance with the prospectus delivery  requirements of the Securities Act.  4. D Check if Transferee will take delivery of a beneficial interest in an  Unrestricted Global Security or of an Unrestricted Definitive Security.  (a) D Check if Transfer is Pursuant to Rule 144. (i) The Transfer is being  effected pursuant to and in accordance with Rule 144 under the Securities Act and in  compliance with the transfer restrictions contained in the Indenture and any applicable  blue sky securities laws of any state of the United States and (ii) the restrictions on  transfer contained in the Indenture and the Private Placement Legend are not required in  order to maintain compliance with the Securities Act. Upon consummation of the  proposed Transfer in accordance with the terms of the Indenture, the transferred  beneficial interest or Definitive Security will no longer be subject to the restrictions on  B-2  068301-0006-10016-Active.11878547.4  

 

transfer enumerated in the Private Placement Legend printed on the Restricted Global  Securities, on Restricted Definitive Securities and in the Indenture.  (b) D Check if Transfer is Pursuant to Regulation S. (i) The Transfer is  being effected pursuant to and in accordance with Rule 903 or Rule 904 under the  Securities Act and in compliance with the transfer restrictions contained in the Indenture  and any applicable blue sky securities laws of any state of the United States and (ii) the  restrictions on transfer contained in the Indenture and the Private Placement Legend are  not required in order to maintain compliance with the Securities Act. Upon  consummation of the proposed Transfer in accordance with the terms of the Indenture,  the transferred beneficial interest or Definitive Security will no longer be subject to the  restrictions on transfer enumerated in the Private Placement Legend printed on the  Restricted Global Securities, on Restricted Definitive Securities and in the Indenture.  (c) D Check if Transfer is Pursuant to Other Exemption. (i) The  Transfer is being effected pursuant to and in compliance with an exemption from the  registration requirements of the Securities Act other than Rule 144, Rule 903 or Rule 904  and in compliance with the transfer restrictions contained in the Indenture and any  applicable blue sky securities laws of any State of the United States and (ii) the  restrictions on transfer contained in the Indenture and the Private Placement Legend are  not required in order to maintain compliance with the Securities Act. Upon  consummation of the proposed Transfer in accordance with the terms of the Indenture,  the transferred beneficial interest or Definitive Security will not be subject to the  restrictions on transfer enumerated in the Private Placement Legend printed on the  Restricted Global Securities or Restricted Definitive Securities and in the Indenture.  This certificate and the statements contained herein are made for your benefit and the  benefit of the Issuer.  [Insert Name of Transferor]  By:  Name:  Title:  Dated:  B-3  068301-0006-1 0016-Active.11878547.4  

 

ANNEX A TO CERTIFICATE OF TRANSFER  1. The Transferor owns and proposes to transfer the following:  [CHECK ONE OF (a) OR (b)]  (a) D a beneficial interest in the:  (i) D 144A Global Security (CUSIP [ ][ D, or  (ii) D Regulation S Global Security (CUSIP [ ][ D, or  (b) D a Restricted Definitive Security.  2. After the Transfer the Transferee will hold:  [CHECK ONE]  (a) D a beneficial interest in the:  (i) D 144A Global Security (CUSIP [ ][ D, or  (ii) D Regulation S Global Security (CUSIP [ ][ D, or  (iii) D Unrestricted Global Security (CUSIP [ ][ D;  or  (b) D a Restricted Definitive Security; or  (c) D an Unrestricted Definitive Security, in accordance with the terms of the Indenture.  B-4  068301-0006-10016-Active.11878547.4  

 

FORM OF CERTIFICATE OF EXCHANGE  c/o The Narragansett Electric Company  280 Melrose Street  Providence, Rhode Island 02907  Attention: Treasurer  The Bank of New York Mellon  Corporate Trust Services  One Canada Square  London E14 5AL  United Kingdom  Facsimile No.: +44-(0)20-7964-2536  Attention: Corporate Trust Services  Re: 4.534% Senior Notes due 2020  EXHIBIT C  Reference is hereby made to the Indenture, dated as of March 22,2010, between The  Narragansett Electric Company and the Trustee, as supplemented by the First Supplemental  Indenture, dated as of March 22,2010, between The Narragansett Electric Company and the  Trustee (the "Indenture"). Capitalized terms used but not defined herein shall have the meanings  given to them in the Indenture.  _____ (the "Owner") owns and proposes to exchange the Designated Securities or  interests in such Designated Securities specified herein, in the principal amount of $ ____ _  in such Designated Securities or interests (the "Exchange"). In connection with the Exchange,  the Owner hereby certifies that:  1. Exchange of Restricted Definitive Securities or Beneficial Interests in  a Restricted Global Security for Unrestricted Definitive Securities or Beneficial Interests in  an Unrestricted Global Security.  (a) D Check if Exchange is from beneficial interest in a Restricted  Global Security to beneficial interest in an Unrestricted Global Security. In connection with  the Exchange of the Owner's beneficial interest in a Restricted Global Security for a beneficial  interest in an Unrestricted Global Security in an equal principal amount, the Owner hereby  certifies (i) the beneficial interest is being acquired for the Owner's own account without  transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions  applicable to the Global Security and pursuant to and in accordance with the United States  Securities Act of 1933, as amended (the "Securities Act"), (iii) the restrictions on transfer  contained in the Indenture and the Private Placement Legend are not required in order to  maintain compliance with the Securities Act and (iv) the beneficial interest in an Unrestricted  Global Security is being acquired in compliance with any applicable blue sky securities laws of  any state of the United States.  (b) D Check if Exchange is from beneficial interest in a Restricted  Global Security to Unrestricted Definitive Security. In connection with the Exchange of the  C-l  068301-0006-10016-Active.11878547.4  

 

Owner's beneficial interest in a Restricted Global Security for an Unrestricted Definitive  Security, the Owner hereby certifies (i) the Definitive Security is being acquired for the Owner's  own account without transfer, (ii) such Exchange has been effected in compliance with the  transfer restrictions applicable to the Restricted Global Securities and pursuant to and in  accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture  and the Private Placement Legend are not required in order to maintain compliance with the  Securities Act and (iv) the Definitive Security is being acquired in compliance with any  applicable blue sky securities laws of any state of the United States.  (c) 0 Check if Exchange is from Restricted Definitive Security to  beneficial interest in an Unrestricted Global Security. In connection with the Owner's  Exchange of a Restricted Definitive Security for a beneficial interest in an Unrestricted Global  Security, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner's  own account without transfer, (ii) such Exchange has been effected in compliance with the  transfer restrictions applicable to Restricted Definitive Securities and pursuant to and in  accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture  and the Private Placement Legend are not required in order to maintain compliance with the  Securities Act and (iv) the beneficial interest is being acquired in compliance with any applicable  blue sky securities laws of any state of the United States.  (d) 0 Check if Exchange is from Restricted Definitive Security to  Unrestricted Definitive Security. In connection with the Owner's Exchange of a Restricted  Definitive Security for an Unrestricted Definitive Security, the Owner hereby certifies (i) the  Unrestricted Definitive Security is being acquired for the Owner's own account without transfer,  (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to  Restricted Definitive Securities and pursuant to and in accordance with the Securities Act,  (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are  not required in order to maintain compliance with the Securities Act and (iv) the Unrestricted  Definitive Security is being acquired in compliance with any applicable blue sky securities laws  of any state of the United States.  2. Exchange of Restricted Definitive Securities or Beneficial Interests in  Restricted Global Securities for Restricted Definitive Securities or Beneficial Interests in  Restricted Global Securities.  (a) 0 Check if Exchange is from beneficial interest in a Restricted  Global Security to Restricted Definitive Security. In connection with the Exchange of the  Owner's beneficial interest in a Restricted Global Security for a Restricted Defmitive Security  with an equal principal amount, the Owner hereby certifies that the Restricted Definitive Security  is being acquired for the Owner's own account without transfer. Upon consummation of the  proposed Exchange in accordance with the terms of the Indenture, the Restricted Definitive  Security issued will continue to be subject to the restrictions on transfer enumerated in the  Private Placement Legend printed on the Restricted Definitive Security and in the Indenture and  the Securities Act.  (b) 0 Check if Exchange is from Restricted Definitive Security to  beneficial interest in a Restricted Global Security. In connection with the Exchange of the  C-2  06830 1-0006-10016-Active.11878547.4  

 

Owner's Restricted Definitive Security for a beneficial interest in the [CHECK ONE] 0 144A  Global Security 0 Regulation S Global Security, with an equal principal amount, the Owner  hereby certifies (i) the beneficial interest is being acquired for the Owner's own account without  transfer and (ii) such Exchange has been effected in compliance with the transfer restrictions  applicable to the Restricted Global Securities and pursuant to and in accordance with the  Securities Act, and in compliance with any applicable blue sky securities laws of any state of the  United States. Upon consummation of the proposed Exchange in accordance with the terms of  the Indenture, the beneficial interest issued will be subject to the restrictions on transfer  enumerated in the Private Placement Legend printed on the relevant Restricted Global Security  and in the Indenture and the Securities Act.  C-3  068301-0006-100 16-Active.1187854 7.4  

 

This certificate and the statements contained herein are made for your benefit and the  benefit of the Issuer and are dated -------------------- [Insert Name of Transferor]  By:  Name:  Title:  Dated: ------------------- C-4  068301-0006-10016-Active.11878547.4

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