Document:

exv10w2

	 	 	 	 	 

Exhibit 10.2

2006 STOCK INCENTIVE PLAN

GLOBAL NON-QUALIFIED STOCK OPTION AGREEMENT

Private & Confidential (Addressee

Only)

{EMPNAME}

{EMPNUM}

We are pleased to advise the Optionee (the “Optionee”) that Analog Devices, Inc., a Massachusetts
corporation (the “Company”), has granted to the Optionee an option to purchase that number of
shares of Common Stock set forth below (the “Option”) subject to the terms and conditions of the
Analog Devices, Inc. 2006 Stock Incentive Plan (the “Plan”), and this Global Non-Qualified Stock
Option Agreement, including Appendix A, which includes any applicable country-specific provisions
(this agreement, together with Appendix A, the “Agreement”). The grant of this Option reflects the
Company’s confidence in the Optionee’s commitment and contributions to the success and continued
growth of the Company.

All terms not defined herein shall have the meanings assigned to such terms in the Plan.

	1.	 	Grant of Option. Subject to the terms and conditions of the Plan and this Agreement,
the Company has granted to the Optionee an Option to purchase that number of shares of the
Company’s Common Stock (the “Option Shares”) effective on the Date of Grant set forth below:

	 	 	 

	Date of Grant:

	 	{GRANTDATE}
	Number of Option Shares Granted:

	 	{SOSHARESGRANTED}
	Option Exercise Price Per Share:

	 	{EXERCISEPRICE}

	2.	 	Vesting and Exercise of Option. Subject to the Optionee’s continued employment with
the Company or the Employer (as defined in 3(h) below) and other limitations set forth in this
Agreement and the Plan, the Option will vest as to a set number of shares on each of the
vesting dates set out in the following schedule:

	 	 	 
	VEST DATE	 	NUMBER OF SHARES
	{VESTDATE1}

	 	{SHARES1}
	{VESTDATE2}

	 	{SHARES2}
	{VESTDATE3}

	 	{SHARES3}
	{VESTDATE4}

	 	{SHARES4}
	{VESTDATE5}

	 	{SHARES5}

The right of exercise is cumulative, so that an Option, once vested, may be exercised, in whole or
in part, at any time up to {EXPDATE}, the expiration date, or such earlier date as provided in
Section 3 below or in the country-specific provisions in Appendix A.

	3.	 	Term of Option; Termination of Employment.

	 	(a)	 	The term of the Option is ten (10) years after the Date of Grant, subject, however, to
the early termination provisions set forth herein.
	 
	 	(b)	 	Except as otherwise provided herein, the Option shall be exercisable by the Optionee
(or his/her successor in interest) following the termination of the Optionee’s employment
only to the extent that the Option was vested on or prior to the date of such termination.
	 
	 	(c)	 	The vesting of the Option shall terminate on the date the Optionee voluntarily
terminates employment with the Company or the Employer (as defined in Section
3(h))(except by reason of retirement after attaining age 60 as provided below) or on the
date his/her employment is terminated by the Company or the Employer without “Cause” (as
defined in paragraph d), but any Option Shares that are vested on the date of such
termination shall continue to be exercisable for a period of three (3) months following
such termination date.
	 
	 	(d)	 	The Option shall terminate on the date the Optionee’s employment with the Company or
the Employer is terminated by the Company or one of its subsidiaries for “Cause”,
and all Option Shares that are then vested shall forthwith cease to be exercisable. “Cause”
for this purpose means unsatisfactory job performance (as determined by the Company),
willful misconduct, fraud, gross negligence, disobedience or dishonesty.

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	 	(e)	 	Upon the death of the Optionee while he/she is an employee of the Company or
the Employer, the Option shall become immediately vested in full as to all shares on the
date of death and shall continue to be exercisable (by the Optionee’s successor in
interest) over the remaining term of the Option.
	 
	 	(f)	 	If the Optionee’s employment with the Company or the Employer terminates by reason of
the retirement of the Optionee after attaining age 60, the vesting of the Option shall
terminate on the date of such retirement, but any Option Shares that are vested on the date
of such retirement shall continue to be exercisable over the remaining term of the Option;
provided that all then-exercisable Option Shares held by such Optionee shall immediately
cease to be exercisable in the event that such Optionee becomes an employee of any
competitor of the Company or the Employer (as determined in the sole discretion of the
Company).
	 
	 	(g)	 	If the Optionee becomes Disabled (as defined below), regardless of whether Optionee
terminates employment with the Company or the Employer, the Option Shares that are not
vested as of the date of disability shall vest on the date or dates (over the remaining
term of the Option) that they otherwise would have vested if the Optionee had not become
Disabled. Any Option Shares that are vested upon disability prior to giving effect to this
provision shall continue to be vested over the remaining term of the Option. For the
purpose of this Agreement, “Disabled” is defined pursuant to Internal Revenue Code
Section 22(e)(3) and means the Optionee’s inability to engage in any substantial gainful
activity by reason of any medically determinable physical or mental impairment that can be
expected to result in death or can be expected to last for a continuous period of not less
than 12 months, as determined by the Company.
	 
	 	(h)	 	For purposes of this Agreement, employment shall include being an employee with the
Company. Employment shall also include being an employee with any direct or indirect
parent or subsidiary of the Company, or any successor to the Company or any such parent or
subsidiary of the Company (the “Employer”). Should an Optionee transfer employment to
become a director, consultant or advisor to the Company or the Employer following the Date
of Grant, he or she will be considered employed for vesting purposes until he or she ceases
to provide services to the Company or any direct or indirect parent or subsidiary of the
company, or any successor to the Company or any such parent or subsidiary of the Company.
	 
	 	(i)	 	 Notwithstanding the provisions in this Section 3, if the Company or the Employer
develops a good faith belief that the provisions of this Section 3 may be found to be
unlawful, discriminatory or against public policy in any relevant jurisdiction, then the
Company in its sole discretion may choose not to apply such provision to this Option, nor
any Option grant, in the Optionee’s jurisdiction.

	4.	 	Payment of Exercise Price. The following payment methods may be used to purchase
Option Shares:

	 	(a)	 	A cashless exercise in a manner described in Section 5(f)(2) of the Plan.
	 
	 	(b)	 	Cash or check payable to the Company.
	 
	 	(c)	 	Delivery by the Optionee of shares of Common Stock of the Company owned by the Optionee
and subject to such other terms and conditions contained in the Plan.
	 
	 	(d)	 	Any combination of the above methods.

	5.	 	Non-Transferability of Option. Except in the event of death (whether by
beneficiary designation or by will or the laws of descent and distribution) or as
permitted by the Plan, this Option is personal and no rights granted hereunder shall be
transferred, assigned, pledged, or hypothecated in any way (whether by operation of law or
otherwise), nor shall any such rights be subject to execution, attachment or similar process.
	 
	6.	 	Adjustment. This Option is subject to adjustment (including with respect to vesting
of the Option Shares) upon certain changes in the Company’s common stock and certain other
events, including a Change in Control Event or a Reorganization Event, as provided in Section
11 of the Plan.
	 
	7.	 	Withholding Taxes. Regardless of any action the Company or the Employer, if
different, takes with respect to any or all income tax, social insurance, payroll tax, payment
on account or other tax related items related to the Optionee’s participation in the Plan and
legally applicable to the Optionee (“Tax-Related Items”), the Optionee acknowledges that the
ultimate liability for all Tax-Related Items is and remains the Optionee’s responsibility and
may exceed the amount actually withheld by the Company or the Employer. The Optionee further
acknowledges that the Company and/or the Employer (i) make no representations or
undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of
the Option, including, but not limited to, the grant, vesting or exercise of the Option, the
subsequent sale of Option Shares acquired pursuant to such exercise and the receipt of any
dividends; and (ii) do not commit to and are under no obligation to structure the terms of the
grant or any aspect of the Option to reduce or eliminate the Optionee’s liability for
Tax-Related Items or achieve any particular tax result. Further, if the Optionee has become
subject to tax in more than one jurisdiction

2

 

	 	 	between the Date of Grant and the date of any
relevant taxable or tax withholding event, as applicable, the Optionee acknowledges that the
Company and/or the Employer (or former employer, as applicable) may be required to withhold or
account for Tax-Related Items in more than one jurisdiction.
	 
	 	 	Prior to the relevant taxable or tax withholding event, as applicable, the Optionee will pay or
make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all
Tax-Related Items. In this regard, the Optionee authorizes the Company and/or the Employer, or
their respective agents, at their discretion, to satisfy the obligations with regard to all
Tax-Related Items by one or a combination of the following: (i) withholding from the Optionee’s
wages or other cash compensation paid to the Optionee by the Company and/or the Employer; or
(ii) withholding from proceeds of the sale of Option Shares acquired at exercise of the Option
either through a voluntary sale or through a mandatory sale arranged by the Company (on the
Optionee’s behalf pursuant to this authorization); or (iii) withholding a sufficient number of
whole Option Shares otherwise issuable upon the exercise of the Option that have an aggregate
Fair Market Value (as defined under the Plan) sufficient to pay the minimum Tax-Related Items
required to be withheld with respect to the exercised Option. The cash equivalent of the Option
Shares withheld will be used to settle the obligation to withhold the Tax-Related Items
(determined by reference to the closing price of the Common Stock on the New York Stock Exchange
on the applicable exercise date).
	 
	 	 	To avoid any negative accounting treatment, the Company may withhold or account for Tax-Related
Items by considering applicable minimum statutory withholding amounts or other applicable
withholding rates. If the obligation for Tax-Related Items is satisfied by withholding in whole
Option Shares, for tax purposes, the Optionee is deemed to have been issued the full number of
Option Shares subject to the exercised Options, notwithstanding that a number of the Option
Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of
any aspect of the Optionee’s participation in the Plan. No fractional Option Shares will be
withheld or issued pursuant to the grant of the Option and the issuance of Option Shares
hereunder.
	 
	 	 	Finally, the Optionee shall pay to the Company or the Employer any amount of Tax-Related Items
that the Company or the Employer may be required to withhold or account for as a result of the
Optionee’s participation in the Plan that cannot be satisfied by the means previously described.
The Company may refuse to issue or deliver the shares or the proceeds of the sale of Option
Shares, if the Optionee fails to comply with the Optionee’s obligations in connection with the
Tax-Related Items.

	8.	 	Nature of Grant. In accepting the Option, the Optionee acknowledges, understands and
agrees that:

	 	(a)	 	the Plan is established voluntarily by the Company, it is discretionary in nature, and
may be amended, suspended or terminated by the Company at any time;
	 
	 	(b)	 	the grant of the Option is voluntary and occasional and does not create any contractual
or other right to receive future grants of options, or benefits in lieu of options, even if
options have been granted repeatedly in the past;
	 
	 	(c)	 	all decisions with respect to future option grants, if any, will be at the sole
discretion of the Company;
	 
	 	(d)	 	the Optionee’s participation in the Plan shall not create a right to further employment
with the Employer and shall not interfere with the ability of the Employer to terminate the
Optionee’s employment or service relationship (if any) at any time;
	 
	 	(e)	 	the Optionee is voluntarily participating in the Plan;
	 
	 	(f)	 	the Option and any Option Shares acquired under the Plan are not part of normal or
expected compensation or salary for any purposes, including, but not limited to,
calculating any severance, resignation, termination, redundancy, dismissal, end of service
payments, bonuses, long-service awards, pension or retirement or welfare benefits or
similar payments and in no event should be considered as compensation for, or relating in
any way to, past services for the Company or the Employer;
	 
	 	(g)	 	the Option grant and the Optionee’s participation in the Plan will not be interpreted
to form an employment or service contract or relationship with the Company or the Employer;
	 
	 	(h)	 	the future value of the Option Shares underlying the Option is unknown and cannot be
predicted with certainty;
	 
	 	(i)	 	if the underlying Option Shares do not increase in value, the Option will have no
value;
	 
	 	(j)	 	if the Optionee exercises the Option and acquires Option Shares, the value of such
Option Shares may increase or decrease in value, even below the Exercise Price;

3

 

	 	(k)	 	for Optionees who reside outside the U.S., the following additional provisions shall
apply:

	 	(i)	 	the Option and any Option Shares acquired under the Plan are not
intended to replace any pension rights or compensation;
	 
	 	(ii)	 	the Option and any Option Shares acquired under the Plan are
extraordinary items that do not constitute compensation of any kind for services of
any kind rendered
to the Company or the Employer, and which is outside the scope of the Optionee’s
employment or service contract, if any; and
	 
	 	(iii)	 	no claim or entitlement to compensation or damages shall arise from
forfeiture of the Option resulting from termination of the Optionee’s employment by
the Company or the Employer (for any reason whatsoever and whether or not in breach
of local labor laws) and in consideration of the grant of the Option to which the
Optionee is otherwise not entitled, the Optionee irrevocably agrees never to
institute any claim against the Company or the Employer, waive his or her ability,
if any, to bring any such claim, and release the Company and the Employer from any
such claim; if, notwithstanding the foregoing, any such claim is allowed by a court
of competent jurisdiction, then, by participating in the Plan, the Optionee shall
be deemed irrevocably to have agreed not to pursue such claim and agree to execute
any and all documents necessary to request dismissal or withdrawal of such claims.

	9.	 	No Advice Regarding Grant. The Company is not providing any tax, legal or financial
advice, nor is the Company making any recommendations regarding the Optionee’s participation
in the Plan, or the Optionee’s acquisition or sale of the underlying Option Shares. The
Optionee is hereby advised to consult with his or her own personal tax, legal and financial
advisors regarding his or her participation in the Plan before taking any action related to
the Plan.
	 
	10.	 	Data Privacy. This Section 10 applies if the Optionee resides outside the U.S.: The
Optionee hereby explicitly and unambiguously consents to the collection, use and transfer, in
electronic or other form, of the Optionee’s personal data as described in this Agreement and
any other Option grant materials by and among, as applicable, the Employer, the Company and
its subsidiaries for the exclusive purpose of implementing, administering and managing the
Optionee’s participation in the Plan.
	 
	 	 	The Optionee understands that the Company and the Employer may hold certain personal information
about the Optionee, including, but not limited to, the Optionee’s name, home address and
telephone number, date of birth, social insurance number or other identification number, salary,
nationality, job title, any shares of stock or directorships held in the Company, details of all
Options or any other entitlement to shares of stock awarded, canceled, exercised, vested,
unvested or outstanding in the Optionee’s favor, for the exclusive purpose of implementing,
administering and managing the Plan (“Data”).
	 
	 	 	The Optionee understands that Data will be transferred to such other stock plan service provider
as may be selected by the Company that assists the Company with the implementation,
administration and management of the Plan. The Optionee understands that the recipients of the
Data may be located in the United States or elsewhere, and that the recipient’s country (e.g.,
the United States) may have different data privacy laws and protections than the Optionee’s
country. The Optionee understands that he or she may request a list with the names and
addresses of any potential recipients of the Data by contacting the Optionee’s local human
resources representative. The Optionee authorizes
the Company, the stock plan service provider, and any other possible recipients which may assist
the Company (presently or in the future) with implementing, administering and managing the Plan
to receive, possess, use, retain and transfer the Data, in electronic or other form, for the
purpose of implementing, administering and managing his or her participation in the Plan. The
Optionee understands that Data will be held only as long as is necessary to implement,
administer and manage the Optionee’s participation in the Plan. The Optionee understands that
he or she may, at any time, view Data, request additional information about the storage and
processing of Data, require any necessary amendments to Data or refuse or withdraw the consents
herein, in any case without cost, by contacting in writing his or her local human resources
representative. The Optionee understands, however, that refusing or withdrawing his or her
consent may affect the Optionee’s ability to participate in the Plan. For more information on
the consequences of the Optionee’s refusal to consent or withdrawal of consent, the Optionee
understands that he or she may contact his or her local human resources representative.
	 
	11.	 	Governing Law. This Agreement shall be construed, interpreted and enforced in
accordance with the internal laws of the Commonwealth of Massachusetts without regard to any
applicable conflicts of laws.
	 
	12.	 	Electronic Delivery. The Company may, in its sole discretion, decide to deliver any
documents related to current or future participation in the Plan by electronic means. The
Optionee hereby consents to receive such documents by electronic delivery and agrees to
participate in the Plan through an on-line or electronic system established and maintained by
the Company or a third party designated by the Company.

4

 

	13.	 	Language. If the Optionee has received this Agreement, or any other document related
to the Option and/or the Plan translated into a language other than English and if the meaning
of the translated version is different than the English version, the English version will
control.
	 
	14.	 	Severability. The provisions of this Agreement are severable and if any one or more
provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the
remaining provisions shall nevertheless be binding and enforceable.
	 
	15.	 	Appendix. The Option shall be subject to any special provisions set forth in the
Appendix for the Optionee’s country of residence, if any. If the Optionee relocates to one of
the countries included in the Appendix during the life of the Option, the special provisions
for such country shall apply to the Optionee, to the extent the Company determines that the
application of such provisions is necessary or advisable in order to comply with local law or
facilitate the administration of the Plan. The Appendix constitutes part of this Agreement.
	 
	16.	 	Imposition of Other Requirements. The Company reserves the right to impose other
requirements on the Option and the Option Shares purchased upon exercise of the Option, to the
extent the Company determines it is necessary or advisable in order to comply with local laws
or facilitate the administration of the Plan, and to require the Optionee to sign any
additional agreements or undertakings that may be necessary to accomplish the foregoing.

A copy of the Plan prospectus is available on the Company’s Intranet at
http://signals.corpnt.analog.com/default.aspx. (From Signals home page, click Knowledge Centers,
HR, Employee Stock Programs. The related documents can be found in the right-hand column.) If the
Optionee is unable to access this information via the Intranet, ADI’s or the Optionee’s regional
stock plan administrator can provide the Optionee with copies.

	 	 	 

	Ray Stata

	 	Jerald G. Fishman
	Chairman of the Board

	 	President & Chief Executive Officer

5

 

APPENDIX A TO

2006 STOCK INCENTIVE PLAN

GLOBAL NON-QUALIFIED STOCK OPTION AGREEMENT

This Appendix A includes additional terms and conditions that govern the Options granted to
the Optionee if the Optionee resides in one of the countries listed herein. These terms and
conditions are in addition to, or, if so indicated, in place of, the terms and conditions
set forth in the Agreement. Capitalized terms used but not defined shall have the same
meanings as set forth in the Plan and/or the Agreement.

This Appendix A also includes certain issues of which the Optionee should be aware with
respect to his or her participation in the Plan. The information is based on the
securities, exchange control, income tax and other laws in effect in the respective
countries as of December 2010. Such laws are often complex and change frequently. As a
result, the Company strongly recommends that the Optionee not rely on the information noted
herein as the only source of information relating to the consequences of participation in
the Plan because the information may be out of date when the Optionee exercises the Options
or when the Option Shares purchased under the Plan are subsequently sold.

In addition, the information is general in nature and may not apply to the Optionee’s
particular situation, and the Company is not in a position to assure the Optionee of any
particular result. Therefore, the Optionee is advised to seek appropriate professional
advice as to how the relevant laws in the Optionee’s country may apply to his or her
situation.

Finally, if the Optionee is a citizen or resident of a country other than the one in which
the Optionee is currently working, transferred employment after the Options were granted or
is considered a resident of another country for local law purposes, the information
contained herein may not apply.

AUSTRIA

There are no country-specific provisions.

BELGIUM

Taxation of Option. The Option must be accepted in writing either (i) within 60
days of the offer (for tax at offer), or (ii) after 60 days of the offer (for tax at
exercise). The Optionee has received a separate offer letter, acceptance form and
undertaking form in addition to the Agreement. The Optionee should refer to the offer
letter for a more detailed description of the tax consequences of choosing to accept the
Option. The Optionee should consult with his or her personal tax advisor regarding
completion of the additional forms.

CANADA

Data Privacy. This provision supplements Section 10 of the Agreement:

The Optionee hereby authorizes the Company and the Company’s representatives to discuss with
and obtain all relevant information from all personnel, professional or not, involved in the
administration and operation of the Plan. The Optionee further authorizes the Company and
the administrator of the Plan to disclose and discuss the Plan with their advisors. The
Optionee further authorizes the Company and the Employer to record such information and to
keep such information in the Optionee’s employee file.

Payment of Exercise Price and Withholding Taxes. Notwithstanding anything in the
Agreement or the Plan, the Optionee agrees to pay the Exercise Price and any Tax-Related
Items solely by means of (i) cash, which may be paid by check, or other instrument
acceptable to the Company or (ii) a broker-assisted cashless exercise, whereby the broker
sells some or all of the Option Shares to be issued upon exercise to pay the Exercise Price,
brokerage fees and any applicable Tax-Related Items. To the extent that tax regulatory
requirements change, the Company reserves the right to permit the Optionee to exercise the
Option and pay the Exercise Price and any applicable Tax-Related Items in Option Shares to
the extent permitted by the Plan.

CHINA

Payment of Exercise Price. The following supplements Section 4 of the Agreement:

APPENDIX A — 1

 

 

Due to regulatory requirements in the PRC, the Optionee will be required to exercise the
Option using a broker assisted cashless sell-all exercise method pursuant to which all
Option Shares subject to the exercised Option will be sold immediately upon exercise and the
proceeds of sale, less any broker’s fees or commissions, will be remitted to the Optionee.
The Optionee will not be permitted to hold Option Shares after exercise. The Optionee
understands and agrees that the Tax-Related Items with respect to the exercise of the
Options may be taken by Employer from the Optionee’s salary or other cash compensation. The
Optionee acknowledges that the Company’s designated broker is under no obligation to arrange
for the sale of the Option Shares pursuant to the cashless sell-all exercise method at any
particular price. The Company reserves the right to provide additional methods of exercise
depending on the development of local law.

Exchange Control Requirements. Due to exchange control laws in the PRC, if the
Optionee is a PRC national he or she will be required to repatriate the proceeds from the
cashless sell-all exercise to the PRC. The Optionee understands and agrees that such cash
proceeds must be repatriated to the PRC through a special exchange control account
established by the Company, the Employer, or a subsidiary of the Company, and the Optionee
hereby consents and agrees that any proceeds from the sale of Option Shares may be
transferred to such special account prior to being delivered to the Optionee.

Further, notwithstanding Section 3(e) or Section (g) of the Agreement, if the Optionee
terminates employment with the Company or the Employer due to death or disability, the
vesting of the Option shall terminate on the date of such termination, and the Option Shares
that are vested on the date of such termination shall continue to be exercisable for a
period of three (3) months following such termination date. If the Optionee or the
Optionee’s heirs do not exercise the Option within three (3) months of the Optionee’s
termination due to death or disability, the Option will be forfeited and the Optionee or the
Optionee’s heirs will not be able to exercise the Option.

The Optionee understands and agrees that there will be a delay between the date the Option
Shares are sold and the date the cash proceeds are distributed to the Optionee. The
Optionee also understands and agrees that the Company is not responsible for any currency
fluctuation that may occur between the date the Option Shares are sold and the date the cash
proceeds are distributed to the Optionee. The Optionee further agrees to comply with any
other requirements that may be imposed by the Company in the future to facilitate compliance
with exchange control requirements in the PRC.

DENMARK

Danish Stock Option Act. By participating in the Plan, the Optionee acknowledges
that he or she received an Employer Statement translated into Danish, which is being
provided to comply with the Danish Stock Option Act. To the extent more favorable to the
Optionee, the terms set forth in the Employer Statement will apply to the Optionee’s
participation in the Plan.

Notice of Grant. This provision supplements Section 8 in the Agreement:

By accepting the Option, the Optionee acknowledges, understands and agrees that this grant
relates to future services to be performed and is not a bonus or compensation for past
services.

FINLAND

There are no country-specific provisions.

FRANCE

French Qualified Option. This Option is intended to qualify for favorable tax and
social security treatment applicable to stock options granted under Section L.225-177 to
L.225-186-1 of the French Commercial Code, as amended and in accordance with the relevant
provisions set forth by the French tax and social security laws and the French tax and
social security administrations. The Company does not undertake to maintain the qualified
status of this Option. The Optionee understands and agrees that he or she will be
responsible for paying personal income tax and the Optionee’s portion of social security
contributions resulting from the exercise of this Option in the event this Option loses its
qualified status and the Optionee will not be entitled to any damages if the Option no
longer qualifies as French-qualified Option.

Plan Terms. The Options are subject to the terms and conditions of the Plan and the
Rules of the Analog Devices, Inc. 2006 Stock Incentive Plan for Grants of Options to
Optionees in France (the “French Sub-plan”). To the extent that any term is defined in both
the Plan and the French Sub-plan, for purposes of this grant of a French-qualified Option,
the definitions in the French Sub-plan shall prevail.

APPENDIX A — 2

 

 

Option Exercise Price Per Share. With respect to Section 1 of the Agreement, the
Date of Grant shall be the Effective Grant Date set forth in the French Sub-plan and the
Option Exercise Price Per Share as of the Effective Grant Date shall be no less than the
minimum amount required under French law as set forth in the French Sub-plan.

Exercise of the Option. This provision replaces Section 2 of the Agreement:

Subject to the Optionee’s continued employment, the Option will vest and become exercisable
with respect to 100% of the Option Shares on the fourth anniversary of the Effective Grant
Date.

Expiration. This provision replaces Section 3(c) of the Agreement:

Notwithstanding Section 3(a) of the Agreement, the Option will expire 91/2 years after the
Effective Grant Date ({FRENCHEXPDATE}), as defined in the French Sub-plan.

Termination Upon Death. This provision replaces Section 3(e) of the Agreement:

If the Optionee’s employment is terminated because of death, the Optionee’s the unvested
portion of Optionee’s Option will immediately vest and become exercisable by the Optionee’s
estate or heirs on the termination date for a period of six (6) months following the
Optionee’s death. If the Optionee’s heirs do not exercise the Option within six (6) months
of the Optionee’s death, the Option will be forfeited and the Optionee’s heirs will not be
able to exercise the Option.

Language Consent. By accepting this Option, the Optionee confirms having read and
understood the documents relating to this Option (e.g., the Plan, the French Sub-plan, and
the Agreement, including Appendix A) which were provided in the English language. The
Optionee accordingly accepts the terms of those documents.

Consentement a la Langue. En signant et renvoyant cet Accord, ou par acceptant
autrement l’Accord, le Titulaire de l’Option confirme ainsi avoir lu et compris les
documents relatifs à l’Option, (c’est-à-dire, Le Plan, Le Plan pour la France et cet Accord)
qui ont été fournis en langue anglaise. Le Titulaire de l’Option accepte les termes de ces
documents en connaissance de cause.

GERMANY

There are no country-specific provisions.

HONG KONG

Warning: The Options and Option Shares acquired upon exercise of the Options do not
constitute a public offering of securities under Hong Kong law and are available only to
employees of the Company. The Agreement, including Appendix A, the Plan and other
incidental communication materials have not been prepared in accordance with and are not
intended to constitute a “prospectus” for a public offering of securities under the
applicable securities legislation in Hong Kong. Nor have the documents been reviewed by any
regulatory authority in Hong Kong. The Options are intended only for the personal use of
each eligible employee of the Company and may not be distributed to any other person. If
the Optionee is in any doubt about any of the contents of the Agreement, including Appendix
A or the Plan, the Optionee should obtain independent professional advice.

Securities Law Information. To facilitate compliance with securities laws in Hong
Kong, in the event the Optionee’s Options vest and become exercisable within six (6) months
of the Date of Grant, the Optionee agrees not to sell the Option Shares issued upon exercise
of the Options prior to the six-month anniversary of the Date of Grant.

Nature of Scheme. The Company specifically intends that the Plan will not be an
occupational retirement scheme for purposes of the Occupational Retirement Schemes Ordinance
(“ORSO”). Notwithstanding the foregoing, if the Plan is deemed to constitute an
occupational retirement scheme for the purposes of ORSO, then the Optionee’s grant shall be
void.

INDIA

Payment of Exercise Price. This provision supplements Section 4 of the Agreement:

Notwithstanding anything to the contrary in the Agreement, due to legal restrictions in
India, the Optionee will not be permitted to pay the Exercise Price by (i) delivery of
shares of Common Stock (as set forth in Section 4(c) of the Agreement) or (ii) a broker
assisted partial cashless exercise such that a certain number of Option Shares subject to
the exercised Option are sold immediately upon exercise and the proceeds of the sale
remitted to the Company to cover the aggregate Exercise Price and any Tax-Related Items.
However, payment of the

APPENDIX A — 3

 

 

Exercise Price may be made by any of the other methods of payment set forth in Section 4 of
the Agreement. The Company reserves the right to provide the Optionee with this method of
payment depending on the development of local law.

IRELAND

Labor Law Acknowledgment. This provision supplements Section 8 of the Agreement:

By accepting the Option, the Optionee acknowledges, understands, and agrees that the
benefits received under the Plan will not be taken into account for any redundancy or unfair
dismissal claim.

Director Notification. If the Optionee is a director, shadow director1
or secretary of an Irish subsidiary of the Company, the Optionee is subject to certain
notification requirements under Section 53 of the Companies Act, 1990. Among these
requirements is an obligation to notify the Irish affiliate in writing within five (5)
business days when the Optionee receives an interest (e.g., Options, Option Shares) in the
Company and the number and class of shares or rights to which the interest relates. In
addition, the Optionee must notify the Irish subsidiary within five (5) business days when
the Optionee sells Option Shares acquired under the Plan. This notification requirement
also applies to any rights or Option Shares acquired by the Optionee’s spouse or children
(under the age of 18).

Restriction on Type of Shares Issued to Directors. If the Optionee is a director of
an Irish subsidiary of the Company, the Option will be granted over newly issued shares
only. In no event will treasury shares be issued pursuant to the exercise of the Option.
This restriction also applies to a shadow director of an Irish subsidiary.

ISRAEL

Trust Arrangement. The Optionee understands and agrees that the Options are offered
subject to and in accordance with the terms of the Israeli Sub-Plan (the “Sub-Plan”) under
the 102 Capital Gains Track (as defined in the Sub-Plan), the Trust Agreement among the
trustee appointed by Analog Devices (Israel) Ltd. and Analog Development (Israel) 1996 Ltd.,
and the Agreement. This includes the option exercise price per share and any other
requirements set out in the Sub-plan. In the event of any inconsistencies among the
Sub-Plan, the Agreement and/or the Plan, the Sub-Plan will govern the Options granted to the
Optionee in Israel.

Payment of Exercise Price. This provision supplements Section 4 of the Agreement:

Due to regulatory requirements and notwithstanding any terms or conditions of the Plan or
the Agreement to the contrary, the Optionee will be restricted to a broker assisted cashless
sell-all method of exercise with respect to the Options. To complete a cashless sell-all
exercise, the Optionee should instruct the broker to: (i) sell all of the Option Shares
issued upon exercise; (ii) use the proceeds to pay the Exercise Price, brokerage fees and
any Tax-Related Items; and (iii) remit the balance in cash to the Optionee. In the event of
changes in regulatory requirements, the Company reserves the right to eliminate the cashless
sell-all method of exercise requirement and, in its sole discretion, to permit cash exercise
or cashless sell-to-cover exercise.

ITALY

Payment of Exercise Price. This provision supplements Section 4 of the Agreement:

Due to regulatory requirements and notwithstanding any terms or conditions of the Plan or
the Agreement to the contrary, the Optionee will be restricted to a broker assisted cashless
sell-all method of exercise with respect to the Options. To complete a cashless sell-all
exercise, the Optionee should instruct the broker to: (i) sell all of the Option Shares
issued upon exercise; (ii) use the proceeds to pay the Exercise Price, brokerage fees and
any Tax-Related Items; and (iii) remit the balance in cash to the Optionee. In the event of
changes in regulatory requirements, the Company reserves the right to eliminate the cashless
sell-all method of exercise requirement and, in its sole discretion, to permit cash exercise
or cashless sell-to-cover exercise.

Data Privacy. This provision replaces Section 10 of the Agreement:

The Optionee understands that the Employer, the Company and any subsidiary as a data
processor of the Company may hold certain personal information about the Optionee,
including, but not limited to, the Optionee’s name, home address and telephone number, date
of birth, social insurance or other identification number, salary, nationality, job title,
any Option Shares or directorships held in the Company or any subsidiary, details of all
Options, or any other entitlement to Option Shares awarded, canceled, exercised, vested,
unvested or outstanding in the Optionee’s favor, and that the Company and the Employer will
process said data and other data lawfully

 

			
	1	 	A shadow director is an individual who is
not on the board of directors of the Irish subsidiary but who has sufficient
control so that the board of directors of the Irish subsidiary acts in
accordance with the “directions or instructions” of the individual.

APPENDIX A — 4

 

 

received from third party (“Data”) for the exclusive purpose of implementing, managing and
administering the Plan and complying with applicable laws, regulations and community
legislation.

The Optionee also understands that providing the Company with Data is mandatory for
compliance with laws and is necessary for the performance of the Plan and that the
Optionee’s refusal to provide such Data would make it impossible for the Company to perform
its contractual obligations and may affect the Optionee’s ability to participate in the
Plan. The Controller of personal data processing is Analog Devices, Inc., with registered
offices at Analog Devices, Inc., One Technology Way, Norwood, Massachusetts, 02062 U.S.A.
and, pursuant to Legislative Decree no. 196/2003, its Representative in Italy for privacy
purposes is Analog Devices SRL with its registered offices at Centro Direzionale Milano 2,
Palazzo Bernini 20090 Segrate, Milan, Italy.

The Optionee understands that Data will not be publicized, but it may be accessible by the
Employer as the data processor of the Company and within the Employer’s organization by its
internal and external personnel in charge of processing. Furthermore, Data may be
transferred to banks, other financial institutions, or brokers involved in the management
and administration of the Plan. The Optionee understands that Data may also be transferred
to the independent registered public accounting firm engaged by the Company, and also to the
legitimate addresses under applicable laws. The Optionee further understands that the
Company and/or any subsidiary will transfer Data among themselves as necessary for the
purpose of implementing, administering and managing the Optionee’s participation in the
Plan, and that the Company and/or any subsidiary may each further transfer Data to third
parties assisting the Company in the implementation, administration, and management of the
Plan, including any requisite transfer of Data to a broker or other third party with whom
the Optionee may elect to deposit any Option Shares acquired at exercise of the Option.
Such recipients may receive, possess, use, retain, and transfer Data in electronic or other
form, for the purposes of implementing, administering, and managing the Optionee’s
participation in the Plan. The Optionee understand that these recipients may be acting as
controllers, processors, or persons in charge of processing, as the case may be, according
to applicable privacy laws, and that they may be located in or outside the European Economic
Area, such as in Japan or the United States or elsewhere, in countries that do not provide
an adequate level of data protection as intended under Italian privacy law. Should the
Company exercise its discretion in suspending all necessary legal obligations connected with
the management and administration of the Plan, it will delete Data as soon as it has
completed all the necessary legal obligations connected with the management and
administration of the Plan.

The Optionee understands that Data processing related to the purposes specified above shall
take place under automated or non-automated conditions, anonymously when possible, that
comply with the purposes for which Data is collected and with confidentiality and security
provisions, as set forth by applicable laws and regulations, with specific reference to
Legislative Decree no. 196/2003.

The processing activity, including communication, the transfer of Data abroad, including
outside of the European Economic Area, as herein specified and pursuant to applicable laws
and regulations, does not require the Optionee’s consent thereto, as the processing is
necessary to performance of law and contractual obligations related to implementation,
administration, and management of the Plan. The Optionee understands that, pursuant to
Section 7 of the Legislative Decree no. 196/2003, the Optionee has the right at any moment
to, including but not limited to, obtain confirmation that Data exist or not, access, verify
their content, origin and accuracy, delete, update, integrate, correct, block or terminate,
for legitimate reason, the Data processing. To exercise privacy rights the Optionee should
address the Employer.

Furthermore, the Optionee is aware that Data will not be used for direct-marketing purposes.
In addition, Data provided can be reviewed and questions or complaints can be addressed by
contacting the Optionee’s local human resources representative.

Plan Document Acknowledgment. In accepting the Option, the Optionee acknowledges a
copy of the Plan was made available to the Optionee, and that the Optionee has reviewed the
Plan and the Agreement, including Appendix A, in their entirety and fully understand and
accept all provisions of the Plan, the Agreement and Appendix A.

The Optionee further acknowledges that he or she has read and specifically and expressly
approves the following provision in the Agreement: Term of Option; Termination of
Employment; Withholding Taxes; Nature of Grant; Imposition of Other Requirement; and the
Data Privacy provision in this Appendix A.

JAPAN

There are no country-specific provisions.

KOREA

There are no country-specific provisions.

APPENDIX A — 5

 

 

NETHERLANDS

Nature of Grant. This provision supplements Section 8 of the Agreement:

By accepting the Option, the Optionee acknowledges that the Option is intended as an
incentive for the Optionee to remain employed with the Employer and is not intended as
remuneration for labor performed.

Securities Law Acknowledgment. The Optionee should be aware of the Dutch
insider-trading rules, which may impact the sale of Option Shares issued upon exercise of
the Option. In particular, the Optionee may be prohibited from effectuating certain
transactions if he or she has inside information about the Company.

Under Article 5:56 of the Dutch Financial Supervision Act, anyone who has “insider
information” related to an issuing company is prohibited from effectuating a transaction in
securities in or from the Netherlands. “Inside information” is defined as knowledge of
specific information concerning the issuing company to which the securities relate or the
trade in securities issued by such company, which has not been made public and which, if
published, would reasonably be expected to affect the share price, regardless of the
development of the price. The insider could be any employee of any subsidiary in the
Netherlands who has inside information as described herein.

Given the broad scope of the definition of inside information, certain employees working at
a subsidiary in the Netherlands may have inside information and, thus, would be prohibited
from effectuating a transaction in securities in the Netherlands at a time when the employee
has such inside information.

If the Optionee is uncertain whether the insider-trading rules apply to him or her, then the
Optionee should consult with his or her personal legal advisor.

PHILIPPINES

Securities Law Information. The sale or disposal of Option Shares acquired under
the Plan may be subject to certain restrictions under Philippines securities laws. Those
restrictions should not apply if the offer and resale of Option Shares takes place outside
of the Philippines through the facilities of a stock exchange on which the Option Shares are
listed. The Option Shares are currently listed on the New York Stock Exchange (the “NYSE”).
The Company’s designated broker should be able to assist the Optionee in the sale of Option
Shares on the NYSE. If the Optionee has questions with regard to the application of
Philippines securities laws to the disposal or sale of Option Shares acquired under the Plan
the Optionee should consult with his or her legal advisor.

SINGAPORE

Securities Law Information. The Options were granted to the Optionee pursuant to
the “Qualifying Person” exemption under section 273(1)(f) of the Singapore Securities and
Futures Act (Chapter 289, 2006 Ed.) (“SFA”). The Agreement and the Plan have not been
lodged or registered as a prospectus with the Monetary Authority of Singapore. The Optionee
should note that the Optionee’s Options are subject to section 257 of the SFA and the
Optionee will not be able to make any subsequent sale in Singapore, or any offer of such
subsequent sale of the Option Shares unless such sale or offer in Singapore is made pursuant
to the exemptions under Part XIII Division (1) Subdivision (4) (other than section 280) of
the SFA (Cap 289, 2006 Ed.).

SLOVAKIA

There are no country-specific provisions.

SPAIN

No Entitlement for Claims or Compensation. In accepting the Options, the Optionee
acknowledges that he or she consents to participation in the Plan and has received a copy of
the Plan. The Optionee understands that the Company has unilaterally, gratuitously and in
its sole discretion decided to grant Options under the Plan to individuals who may be
employees of the Company or its subsidiaries throughout the world. The decision is a
limited decision that is entered into upon the express assumption and condition that any
Options will not economically or otherwise bind the Company or any of its subsidiaries on an
ongoing basis. Consequently, the Optionee understands that the Options are granted on the
assumption and condition that the Options and the underlying Option Shares acquired upon
exercise shall not become a part of any employment contract (either with the Company or any
of its subsidiaries) and shall not be considered a mandatory benefit, salary for any
purposes (including severance compensation) or any other right whatsoever. In addition, the
Optionee understands that the Option would not have been granted to the Optionee but for the
assumptions and conditions referred to above; thus, the Optionee acknowledges and freely
accepts that should any or all of the assumptions be mistaken or should any of the
conditions not be met for any reason, then any Options shall be null and void.

APPENDIX A — 6

 

 

Further, the vesting of the Option is expressly conditioned on the Optionee’s continued
rendering of service, such that if the Optionee’s employment terminates for any reason
whatsoever, the Award may cease vesting immediately, in whole or in part, effective on the
date of the Optionee’s termination of employment (unless otherwise specifically provided in
Section 3 of the Agreement). This will be the case, for example, even if (1) the Optionee
is considered to be unfairly dismissed without Cause; (2) the Optionee is dismissed for
disciplinary or objective reasons or due to a collective dismissal; (3) the Optionee
terminates service due to a change of work location, duties or any other employment or
contractual condition; (4) the Optionee terminates service due to a unilateral breach of
contract by the Company or the Employer; or (5) the Optionee’s employment terminates for any
other reason whatsoever. Consequently, upon termination of the Optionee’s employment for
any of the above reasons, the Optionee may automatically lose any rights to Options that
were not vested on the date of the Optionee’s termination of employment, as described in the
Plan and the Agreement.

The Optionee acknowledges that he or she has read and specifically accepts the conditions
referred to in Section 3 of the Agreement.

SWEDEN

Automatic Cashless Exercise and Sale. This Option grant is conditioned upon the
Optionee’s consent to the automatic cashless exercise, which the Company will provide to the
Optionee. If the Company does not receive the Optionee’s signed consent, then the Option
will terminate and will become null and void.

TAIWAN

There are no country-specific provisions.

UNITED KINGDOM

Joint Election. As a condition of the Optionee’s participation in the Plan and the
exercise of the Option, the Optionee agrees to accept any liability for secondary Class 1
National Insurance contributions which may be payable by the Company and/or the Employer in
connection with the Option and any event giving rise to Tax-Related Items (the “Employer’s
Liability”). Without prejudice to the foregoing, the Optionee agrees to enter into a joint
election with the Company, the form of such joint election being formally approved by HMRC
(the “Joint Election”), and any other required consent or elections. The Optionee further
agrees to enter into such other Joint Elections as may be required between the Optionee and
any successor to the Company and/or the Employer. The Optionee further agrees that the
Company and/or the Employer may collect the Employer’s Liability from the Optionee by any of
the means set forth in Section 7 of the Agreement.

If the Optionee does not enter into the Joint Election prior to the exercise of the Option,
the Optionee will forfeit the Option and any Option Shares that have been issued will be
returned to the Company at no cost to the Company, without any liability to the Company
and/or the Employer.

If the Optionee has signed a Joint Election in the past with respect to Options granted to
him or her by the Company and that Joint Election applies to all grants made under the Plan,
the Optionee need not sign another Joint Election in connection with this Option grant.

APPENDIX A — 7exv4w5

EX-4.5 FORM OF INDENTURE

EXHIBIT 4.5

INHIBITEX, INC.

INDENTURE

Dated as of

            , 20   

DEBT SECURITIES

Trustee

     INDENTURE dated as of             , 20   , among Inhibitex, Inc., a Delaware
corporation (the “Company”), and                , as trustee (the “Trustee”).

WITNESSETH:

     WHEREAS, the Company has duly authorized the execution and delivery of this Indenture to
provide for the issuance of debentures, notes, bonds or other evidences of indebtedness (the
“Securities”) in an unlimited aggregate principal amount to be issued from time to time in one or
more series as provided in this Indenture; and

     WHEREAS, all things necessary to make this Indenture a valid and legally binding agreement of
the Company, in accordance with its terms, have been done.

     NOW, THEREFORE, THIS INDENTURE WITNESSETH:

     That, in consideration of the premises and the purchase of the Securities by the Holders
thereof for the equal and proportionate benefit of all of the present and future Holders of the
Securities, each party agrees and covenants as follows:

ARTICLE I

DEFINITIONS 

     For all purposes of this 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 terms used herein without definition which are defined in the Trust Indenture Act,
either directly or by reference therein, have the meanings assigned to them therein; and

     (c) 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.

     (d) References to “Article” or “Section” or other subdivision herein are references to an
Article, Section or other subdivision of the Indenture, unless the context otherwise requires.

     Section 1.01 Definitions.

     (a) Unless otherwise defined in this Indenture or the context otherwise requires, all
terms used herein shall have the meanings assigned to them in the Trust Indenture Act.

 

 

     (b) Unless the context otherwise requires, the terms defined in this Section 1.01(b)
shall for all purposes of this Indenture have the meanings hereinafter set forth, the
following definitions to be equally applicable to both the singular and the plural forms of
any of the terms herein defined:

Affiliate:

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

Authenticating Agent:

     The term “Authenticating Agent” shall have the meaning assigned to it in Section 11.09.

Board of Directors:

     The term “Board of Directors” shall mean either the board of directors of the Company or the
executive or any other committee of that board duly authorized to act in respect hereof.

Board Resolution:

     The term “Board Resolution” shall mean a copy of a resolution or resolutions certified by the
Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of
Directors (or by a committee of the Board of Directors to the extent that any such other committee
has been authorized by the Board of Directors to establish or approve the matters contemplated) and
to be in full force and effect on the date of such certification and delivered to the Trustee.

Business Day:

     The term “Business Day,” when used with respect to any Place of Payment or any other
particular location referred to in this Indenture or in the Securities, shall mean each Monday,
Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in that
Place of Payment or other location are authorized or obligated by law or executive order to close.

Capital Stock:

     The term “Capital Stock” shall mean:

     (a) in the case of a corporation, corporate stock;

     (b) in the case of an association or business entity, any and all shares, interests,
participations, rights or other equivalents (however designated) of corporate stock;

     (c) in the case of a partnership or limited liability company, partnership interests
(whether general or limited) or membership interests; and

     (d) 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, but
excluding from all of the foregoing any debt securities convertible into Capital Stock,
whether or not such debt securities include any right of participation with Capital Stock.

Code:

     The term “Code” shall mean the Internal Revenue Code of 1986 as in effect on the date hereof.

Company:

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

 

 

Company Order:

     The term “Company Order” shall mean a written order signed in the name of the Company by the
Chairman, Chief Executive Officer, President, Chief Financial Officer, any Vice President,
Treasurer, any Assistant Treasurer, Controller, Assistant Controller, Secretary or any Assistant
Secretary of the Company, and delivered to the Trustee.

Corporate Trust Office:

     The term “Corporate Trust Office,” or other similar term, shall mean the principal office of
the Trustee at which at any particular time its corporate trust business shall be administered,
which office at the date hereof is located at                , or such other address
as the Trustee may designate from time to time by notice to the Holders and the Company, or the
principal corporate trust officer of any successor Trustee (or such other address as such successor
Trustee may designate from time to time by notice to the Holders and the Company).

Currency:

     The term “Currency” shall mean U.S. Dollars or Foreign Currency.

Default:

     The term “Default” shall have the meaning assigned to it in Section 11.03.

Defaulted Interest:

     The term “Defaulted Interest” shall have the same meaning assigned to it in Section 3.08(b).

Depositary:

     The term “Depositary” shall mean, with respect to the Securities of any series issuable in
whole or in part in the form of one or more Global Securities, the Person designated as Depositary
by the Company pursuant to Section 3.01 until a successor Depositary shall have become such
pursuant to the applicable provisions of this Indenture, and thereafter “Depositary” shall mean or
include each Person who is then a Depositary hereunder, and if at any time there is more than one
such Person, “Depositary” as used with respect to the Securities of any such series shall mean the
Depositary with respect to the Securities of that series.

Designated Currency:

     The term “Designated Currency” shall have the same meaning assigned to it in Section 3.12.

Discharged:

     The term “Discharged” shall have the meaning assigned to it in Section 12.03.

Event of Default:

     The term “Event of Default” shall have the meaning specified in Section 7.01.

Exchange Act:

     The term “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

Exchange Rate:

     The term “Exchange Rate” shall have the meaning assigned to it in Section 7.01.

Floating Rate Security:

     The term “Floating Rate Security” shall mean a Security that provides for the payment of
interest at a variable rate determined periodically by reference to an interest rate index
specified pursuant to Section 3.01.

 

 

Foreign Currency:

     The term “Foreign Currency” shall mean a currency issued by the government of any country
other than the United States or a composite currency, the value of which is determined by reference
to the values of the currencies of any group of countries.

GAAP:

     The term “GAAP,” with respect to any computation required or permitted hereunder, shall mean
generally accepted accounting principles in effect in the United States as in effect from time to
time, including, without limitation, those set forth in the opinions and pronouncements of the
Accounting Principles Board of the American Institute of Certified Public Accountants and
statements and pronouncements of the Financial Accounting Standards Board or in such other
statements by such other entity as approved by a significant segment of the accounting profession.

Global Security:

     The term “Global Security” shall mean any Security that evidences all or part of a series of
Securities, issued in fully-registered certificated form to the Depositary for such series in
accordance with Section 3.03 and bearing the legend prescribed in Section 3.03(g).

Holder; Holder of Securities:

     The terms “Holder” and “Holder of Securities” are defined under “Securityholder; Holder of
Securities; Holder.”

Indebtedness:

     The term “Indebtedness” shall mean any and all obligations of a Person for money borrowed
which, in accordance with GAAP, would be reflected on the balance sheet of such Person as a
liability on the date as of which Indebtedness is to be determined.

Indenture:

     The term “Indenture” or “this Indenture” shall mean this instrument and all indentures
supplemental hereto.

Interest:

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

Interest Payment Date:

     The term “Interest Payment Date” shall mean, with respect to any Security, the Stated Maturity
of an installment of interest on such Security.

Mandatory Sinking Fund Payment:

     The term “Mandatory Sinking Fund Payment” shall have the meaning assigned to it in Section
5.01.

Maturity:

     The term “Maturity,” with respect to any Security, shall mean the date on which the principal
of such Security shall become due and payable as therein and herein provided, whether by
declaration, call for redemption or otherwise.

Members:

     The term “Members” shall have the meaning assigned to it in Section 3.03(i).

 

 

Officer’s Certificate:

     The term “Officer’s Certificate” shall mean a certificate signed by any of the Chairman of the
Board of Directors, Chief Executive Officer, President, Chief Financial Officer, any Vice
President, Treasurer, any Assistant Treasurer, Controller, Assistant Controller, Secretary or any
Assistant Secretary of the Company and delivered to the Trustee. Each such certificate shall
include the statements provided for in Section 16.01 if and to the extent required by the
provisions of such Section.

Opinion of Counsel:

     The term “Opinion of Counsel” shall mean an opinion in writing signed by legal counsel, who
may be an employee of or of counsel to the Company, or may be other counsel that meets the
requirements provided for in Section 16.01.

Optional Sinking Fund Payment:

     The term “Optional Sinking Fund Payment” shall have the meaning assigned to it in Section
5.01.

Original Issue Discount Security:

     The term “Original Issue Discount Security” shall mean any Security that is issued with
“original issue discount” within the meaning of Section 1273(a) of the Code and the regulations
thereunder and any other Security designated by the Company as issued with original issue discount
for United States federal income tax purposes.

Outstanding:

     The term “Outstanding,” when used with respect to Securities means, as of the date of
determination, all Securities theretofore authenticated and delivered under this Indenture, except:

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

     (b) Securities or portions thereof for which payment or redemption money in the necessary
amount has been theretofore deposited with the Trustee or any Paying Agent (other than the
Company) in trust or set aside and segregated in trust by the Company (if the Company shall
act as its own Paying Agent) for the Holders of such Securities or Securities as to which the
Company’s obligations have been Discharged; provided, however, that if such Securities or
portions thereof are to be redeemed, notice of such redemption has been duly given pursuant to
this Indenture or provision therefor satisfactory to the Trustee has been made; and

     (c) Securities that have been paid pursuant to Section 3.07(b) or in exchange for or in
lieu of which other Securities have been authenticated and delivered pursuant to this
Indenture, other than any such Securities in respect of which there shall have been presented
to a Responsible Officer of the Trustee proof satisfactory to it that such Securities are held
by a protected purchaser in whose hands such Securities are valid obligations of the Company;

provided, however, that in determining whether the Holders of the requisite principal amount of
Securities of a series Outstanding have performed any action hereunder, Securities owned by the
Company or any other obligor upon the Securities of such series or any Affiliate of the Company or
of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in
determining whether the Trustee shall be protected in relying upon any such action, only Securities
of such series that a Responsible Officer of the Trustee actually knows to be so owned shall be so
disregarded. Securities so owned that 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 to
act with respect to such Securities and that the pledgee is not the Company or any other obligor
upon such Securities or any Affiliate of the Company or of such other obligor. In determining
whether the Holders of the requisite principal amount of Outstanding Securities of a series have
performed any action hereunder, the principal amount of an Original Issue Discount Security that
shall be deemed to be Outstanding for such purpose 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 of the Maturity thereof pursuant to Section 7.02 and the principal amount of a
Security denominated in a Foreign Currency that shall be deemed to be Outstanding for such purpose
shall be the amount calculated pursuant to Section 3.11(b).

Paying Agent:

     The term “Paying Agent” shall have the meaning assigned to it in Section 6.02(a).

 

 

Person:

     The term “Person” shall mean an individual, a corporation, a limited liability company, a
partnership, an association, a joint stock company, a trust, an unincorporated organization or a
government or an agency or political subdivision thereof.

Place of Payment:

     The term “Place of Payment” shall mean, when used with respect to the Securities of any
series, the place or places where the principal of and premium, if any, and interest on the
Securities of that series are payable as specified pursuant to Section 3.01.

Predecessor Security:

     The term “Predecessor Security” shall mean, with respect to any Security, every previous
Security evidencing all or a portion of the same debt as that evidenced by such particular
Security, and, for the purposes of this definition, any Security authenticated and delivered under
Section 3.07 in lieu of a lost, destroyed or stolen Security shall be deemed to evidence the same
debt as the lost, destroyed or stolen Security.

Record Date:

     The term “Record Date” shall mean, with respect to any interest payable on any Security on any
Interest Payment Date, the close of business on any date specified in such Security for the payment
of interest pursuant to Section 3.01.

Redemption Date:

     The term “Redemption Date” shall mean, when used with respect to any Security to be redeemed,
in whole or in part, the date fixed for such redemption by or pursuant to this Indenture and the
terms of such Security, which, in the case of a Floating Rate Security, unless otherwise specified
pursuant to Section 3.01, shall be an Interest Payment Date only.

Redemption Price:

     The term “Redemption Price,” when used with respect to any Security to be redeemed, in whole
or in part, shall mean the price at which it is to be redeemed pursuant to the terms of the
Security and this Indenture.

Register:

     The term “Register” shall have the meaning assigned to it in Section 3.05(a).

Registrar:

     The term “Registrar” shall have the meaning assigned to it in Section 3.05(a).

Responsible Officers:

     The term “Responsible Officers” of the Trustee hereunder shall mean any Vice President, any
Assistant Vice President, any Trust Officer, any Assistant Trust Officer or any other officer
associated with the corporate trust department of the Trustee customarily performing functions
similar to those performed by any of the above designated officers, and also means, with respect to
a particular corporate trust matter, any other officer of the Trustee to whom such matter is
referred because of such person’s knowledge of and familiarity with the particular subject and who
shall have direct responsibility for the administration of this Indenture.

SEC:

     The term “SEC” shall mean the U.S. Securities and Exchange Commission, as constituted from
time to time.

Securities Act:

     The term “Securities Act” shall mean the Securities Act of 1933, as amended.

 

 

Security:

     The term “Security” or “Securities” shall have the meaning stated in the recitals and shall
more particularly mean one or more of the Securities duly authenticated by the Trustee and
delivered pursuant to the provisions of this Indenture.

Security Custodian:

     The term “Security Custodian” shall mean the custodian with respect to any Global Security
appointed by the Depositary, or any successor Person thereto, and shall initially be the Paying
Agent.

Securityholder; Holder of Securities; Holder:

     The term “Securityholder” or “Holder of Securities” or “Holder,” shall mean the Person in
whose name Securities shall be registered in the Register kept for that purpose hereunder.

Senior Indebtedness:

     The term “Senior Indebtedness” means the principal of (and premium, if any) and unpaid
interest on (x) Indebtedness of the Company, whether outstanding on the date hereof or thereafter
created, incurred, assumed or guaranteed, for money borrowed other than (a) any Indebtedness of the
Company which when incurred, and without respect to any election under Section 1111(b) of the
Federal Bankruptcy Code, was without recourse to the Company, (b) any Indebtedness of the Company
to any of its Subsidiaries, (c) Indebtedness to any employee of the Company, (d) any liability for
taxes, (e) Trade Payables and (f) any Indebtedness of the Company which is expressly subordinate in
right of payment to any other Indebtedness of the Company, and (y) renewals, extensions,
modifications and refundings of any such Indebtedness. For purposes of the foregoing and the
definition of “Senior Indebtedness,” the phrase “subordinated in right of payment” means debt
subordination only and not lien subordination, and accordingly, (i) unsecured indebtedness shall
not be deemed to be subordinated in right of payment to secured indebtedness merely by virtue of
the fact that it is unsecured, and (ii) junior liens, second liens and other contractual
arrangements that provide for priorities among Holders of the same or different issues of
indebtedness with respect to any collateral or the proceeds of collateral shall not constitute
subordination in right of payment. This definition may be modified or superseded by a supplemental
indenture.

Special Record Date:

     The term “Special Record Date” shall have the meaning assigned to it in Section 3.08(b)(i).

Stated Maturity:

     The term “Stated Maturity” when used with respect to any Security or any installment of
interest thereon, shall mean the date specified in such Security as the fixed date on which the
principal (or any portion thereof) of or premium, if any, on such Security or such installment of
interest is due and payable.

Subsidiary:

     The term “Subsidiary,” when used with respect to any Person, shall mean:

     (a) any corporation, limited liability company, association or other business 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 and after giving effect to any voting agreement or
stockholders’ agreement that effectively transfers voting power) to vote in the election of
directors, managers or trustees of the corporation, association or other business entity is at
the time owned or controlled, directly or indirectly, by that Person or one or more of the
other Subsidiaries of that Person (or a combination thereof); and

     (b) any partnership (i) the sole general partner or the managing general partner of which
is such Person or a Subsidiary of such Person or (ii) the only general partners of which are
that Person or one or more Subsidiaries of that Person (or any combination thereof).

Successor Company:

     The term “Successor Company” shall have the meaning assigned to it in Section 3.06(i).

 

 

Trade Payables:

     The term “Trade Payables” means accounts payable or any other Indebtedness or monetary
obligations to trade creditors created or assumed by the Company or any Subsidiary of the Company
in the ordinary course of business (including guarantees thereof or instruments evidencing such
liabilities).

Trust Indenture Act; TIA:

     The term “Trust Indenture Act” or “TIA” shall mean the Trust Indenture Act of 1939, as
amended.

Trustee:

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

U.S. Dollars:

     The term “U.S. Dollars” shall mean such currency of the United States as at the time of
payment shall be legal tender for the payment of public and private debts.

U.S. Government Obligations:

     The term “U.S. Government Obligations” shall mean (i) direct non-callable obligations of, or
guaranteed by, the United States or (ii) obligations of a Person controlled or supervised by and
acting as an agency or instrumentality of the United States, in either case, for the payment of
which guarantee or obligation the full faith and credit of the United States is pledged.

United States:

     The term “United States” shall mean the United States of America (including the States and the
District of Columbia), its territories and its possessions and other areas subject to its
jurisdiction.

ARTICLE II

FORMS OF SECURITIES 

     Section 2.01 Terms of the Securities.

     (a) The Securities of each series shall be substantially in the form set forth in a
Company Order or in one or more indentures supplemental hereto, and shall have such
appropriate insertions, omissions, substitutions and other variations as are required or
permitted by this Indenture, and may have such letters, numbers or other marks of
identification or designation and such legends or endorsements placed thereon as the Company
may deem appropriate and as are not inconsistent with the provisions of this Indenture, or as
may be required to comply with any law or with any rule or regulation made pursuant thereto or
with any rule or regulation of any securities exchange on which any series of the Securities
may be listed or of any automated quotation system on which any such series may be quoted, or
to conform to usage, all as determined by the officers executing such Securities as
conclusively evidenced by their execution of such Securities.

     (b) The terms and provisions of the Securities shall constitute, and are hereby expressly
made, a part of this Indenture, and, to the extent applicable, the Company and the Trustee, by
their execution and delivery of this Indenture expressly agree to such terms and provisions
and to be bound thereby.

     Section 2.02 Form of Trustee’s Certificate of Authentication.

     (a) Only such of the Securities as shall bear thereon a certificate substantially in the
form of the Trustee’s certificate of authentication hereinafter recited, executed by the
Trustee by manual signature, shall

 

 

be valid or become obligatory for any purpose or entitle the Holder thereof to any right
or benefit under this Indenture.

     (b) Each Security shall be dated the date of its authentication, except that any Global
Security shall be dated as of the date specified as contemplated in Section 3.01.

     (c) The form of the Trustee’s certificate of authentication to be borne by the Securities
shall be substantially as follows:

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

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

	 	 	 	 	 
	Date of Authentication:__________ 	________________________________________, as Trustee

 	 
	 	 	 
	 	By:  	
 	 
	 	 	Authorized Signatory       	 
	 	 	 	 
	 

     Section 2.03 Form of Trustee’s 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 Trustee’s Certificate of Authentication by such Authenticating Agent
to be borne by Securities of each such series shall be substantially as follows:

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

     This is one of the Securities issued referred to in the within-mentioned Indenture.

	 	 	 	 	 
	Date of Authentication:__________ 	________________________________________, as Trustee

 	 
	 	By:  	

 	 
	 	 	as Authenticating Agent       	 
	 	 	 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Authorized Signatory          	 
	 	 	 	 
	 

ARTICLE III

THE DEBT SECURITIES 

     Section 3.01 Amount; Issuable in Series. The aggregate principal amount of Securities
that may be authenticated and delivered under this Indenture is unlimited. The Securities
may be issued in one or more series. There shall be set forth in a Company Order or in one or more
indentures supplemental hereto, prior to the issuance of Securities of any series:

     (a) the title of the Securities of the series (which shall distinguish the Securities of
such series from the Securities of all other series, except to the extent that additional
Securities of an existing series are being issued);

     (b) any limit upon the aggregate principal amount of the Securities of the series that
may be authenticated and delivered under this Indenture (except for Securities authenticated
and delivered upon transfer of, or in exchange for, or in lieu of, other Securities of such
series pursuant to Section 3.04, 3.06, 3.07,
4.06, or 14.05);

 

 

          (c) the dates on which or periods during which the Securities of the series may be
issued, and the dates on, or the range of dates within, which the principal of and premium, if
any, on the Securities of such series are or may be payable or the method by which such date
or dates shall be determined or extended;

          (d) the rate or rates at which the Securities of the series shall bear interest, if any,
or the method by which such rate or rates shall be determined, the date or dates from which
such interest shall accrue, or the method by which such date or dates shall be determined, the
Interest Payment Dates on which any such interest shall be payable, and the Record Dates for
the determination of Holders to whom interest is payable on such Interest Payment Dates or the
method by which such date or dates shall be determined, the right, if any, to extend or defer
interest payments and the duration of such extension or deferral;

          (e) if other than U.S. Dollars, the Currency in which Securities of the series shall be
denominated or in which payment of the principal of, premium, if any, or interest on the
Securities of the series shall be payable and any other terms concerning such payment;

          (f) if the amount of payment of principal of, premium, if any, or interest on the
Securities of the series may be determined with reference to an index, formula or other method
including, but not limited to, an index based on a Currency or Currencies other than that in
which the Securities are stated to be payable, the manner in which such amounts shall be
determined;

          (g) if the principal of, premium, if any, or interest on Securities of the series are to
be payable, at the election of the Company or a Holder thereof, in a Currency other than that
in which the Securities are denominated or stated to be payable without such election, the
period or periods within which, and the terms and conditions upon which, such election may be
made and the time and the manner of determining the exchange rate between the Currency in
which the Securities are denominated or payable without such election and the Currency in
which the Securities are to be paid if such election is made;

          (h) the place or places, if any, in addition to or instead of the Corporate Trust Office
of the Trustee where the principal of, premium, if any, and interest on Securities of the
series shall be payable, and where Securities of any series may be presented for registration
of transfer, exchange or conversion, and the place or places where notices and demands to or
upon the Company in respect of the Securities of such series may be made;

          (i) the price or prices at which, the period or periods within which or the date or dates
on which, and the terms and conditions upon which Securities of the series may be redeemed, in
whole or in part, at the option of the Company, if the Company is to have that option;

          (j) the obligation or right, if any, of the Company to redeem, purchase or repay
Securities of the series pursuant to any sinking fund, amortization or analogous provisions or
at the option of a Holder thereof and the price or prices at which, the period or periods
within which or the date or dates on which, the Currency or Currencies 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 or any integral multiple thereof, the
denominations in which Securities of the series shall be issuable;

          (l) if other than the principal amount thereof, the portion of the principal amount of
the Securities of the series which shall be payable upon declaration of acceleration of the
Maturity thereof pursuant to Section 7.02;

          (m) whether the Securities of the series are to be issued as Original Issue Discount
Securities and the amount of discount with which such Securities may be issued;

          (n) provisions, if any, for the defeasance of Securities of the series in whole or in
part and any addition or change in the provisions related to satisfaction and discharge;

          (o) whether the Securities of the series are to be issued in whole or in part in the form
of one or more Global Securities and, in such case, the Depositary for such Global Security or
Securities and the terms and conditions, if any, upon which interests in such Global Security
or Securities may be exchanged in whole or in part for the individual Securities represented
thereby;

 

 

          (p) the date as of which any Global Security of the series shall be dated if other than
the original issuance of the first Security of the series to be issued;

          (q) the form of the Securities of the series;

          (r) if the Securities of the series are to be convertible into or exchangeable for any
securities or property of any Person (including the Company), the terms and conditions upon
which such Securities will be so convertible or exchangeable, and any additions or changes, if
any, to permit or facilitate such conversion or exchange;

          (s) whether the Securities of such series are subject to subordination and the terms of
such subordination;

          (t) any restriction or condition on the transferability of the Securities of such series;

          (u) any addition or change in the provisions related to compensation and reimbursement of
the Trustee which applies to Securities of such series;

          (v) any addition or change in the provisions related to supplemental indentures set forth
in Sections 14.04 and 14.02 which applies to Securities of such series;

          (w) provisions, if any, granting special rights to Holders upon the occurrence of
specified events;

          (x) any addition to or change in the Events of Default which applies to any Securities of
the series and any change in the right of the Trustee or the requisite Holders of such
Securities to declare the principal amount thereof due and payable pursuant to Section 7.02
and any addition or change in the provisions set forth in Article VII which applies to
Securities of the series;

          (y) any addition to or change in the covenants set forth in Article VI which applies to
Securities of the series; and

          (z) any other terms of the Securities of such series (which terms shall not be
inconsistent with the provisions of this Indenture, except as permitted by Section 14.01).

All Securities of any one series shall be substantially identical, except as to denomination and
except as may otherwise be provided herein or set forth in a Company Order or in one or more
indentures supplemental hereto.

     Section 3.02 Denominations. In the absence of any specification pursuant to Section
3.01 with respect to Securities of any series, the Securities of such series shall be issuable only
as Securities in denominations of any integral multiple of $1,000, and shall be payable only in
U.S. Dollars.

     Section 3.03 Execution, Authentication, Delivery and Dating.

          (a) The Securities shall be executed in the name and on behalf of the Company by the
manual or facsimile signature of its Chairman of the Board of Directors, Chief Executive
Officer, President, Chief Operating Officer, Chief Financial Officer, one of its Vice
Presidents or Treasurer. If the Person whose signature is on a Security no longer holds that
office at the time the Security is authenticated and delivered, the Security shall
nevertheless be valid.

          (b) At any time and from time to time after the execution and delivery of this Indenture,
the Company may deliver Securities of any series executed by the Company to the Trustee for
authentication, together with a Company Order for the authentication and delivery of such
Securities and, if required pursuant to Section 3.01, a supplemental indenture or Company
Order setting forth the terms of the Securities of a series. The Trustee shall thereupon
authenticate and deliver such Securities without any further action by the Company. The
Company Order shall specify the amount of Securities to be authenticated and the date on which
the original issue of Securities is to be authenticated.

          (c) In authenticating the first Securities of any series and accepting the additional
responsibilities under this Indenture in relation to such Securities the Trustee shall
receive, and (subject to Section 11.02) shall be fully protected in relying upon an Officer’s
Certificate and an Opinion of Counsel, each prepared in accordance with Section 16.01 stating
that the conditions precedent, if any, provided for in the Indenture have been complied with.

 

 

          (d) The Trustee shall have the right to decline to authenticate and deliver the
Securities under this Section 3.03 if the issue of the Securities pursuant to this Indenture
will affect the Trustee’s own rights, duties or immunities under the Securities and this
Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee.

          (e) Each Security shall be dated the date of its authentication, except as otherwise
provided pursuant to Section 3.01 with respect to the Securities of such series.

          (f) Notwithstanding the provisions of Section 3.01 and of this Section 3.03, if all of
the Securities of any series are not to be originally issued at the same time, then the
documents required to be delivered pursuant to this Section 3.03 must be delivered only once
prior to the authentication and delivery of the first Security of such series;

          (g) If the Company shall establish pursuant to Section 3.01 that the Securities of a
series are to be issued in whole or in part in the form of one or more Global Securities, then
the Company shall execute and the Trustee shall authenticate and deliver one or more Global
Securities that (i) shall represent an aggregate amount equal to the aggregate principal
amount of the Outstanding Securities of such series to be represented by such Global
Securities, (ii) shall be registered, if in registered form, in the name of the Depositary for
such Global Security or Securities or the nominee of such Depositary, (iii) shall be delivered
by the Trustee to such Depositary or pursuant to such Depositary’s instruction and (iv) shall
bear a legend substantially to the following effect:

“Unless and until it is exchanged in whole or in part for the individual Securities
represented hereby, this Global Security may not be transferred except as a whole by the
Depositary to a nominee of the Depositary or by a nominee of the Depositary to the
Depositary or another nominee of the Depositary or by the Depositary or any such nominee
to a successor Depositary or a nominee of such successor Depositary.”

     The aggregate principal amount of each Global Security may from time to time be increased or
decreased by adjustments made on the records of the Security Custodian, as provided in this
Indenture.

          (h) Each Depositary designated pursuant to Section 3.01 for a Global Security in
registered form must, at the time of its designation and at all times while it serves as such
Depositary, be a clearing agency registered under the Exchange Act and any other applicable
statute or regulation.

          (i) Members of, or participants in, the Depositary (“Members”) shall have no rights under
this Indenture with respect to any Global Security held on their behalf by the Depositary or
by the Security Custodian under such Global Security, and the Depositary may be treated by the
Company, the Trustee, the Paying Agent and the Registrar and any of their agents as the
absolute owner of such Global Security for all purposes whatsoever. Notwithstanding the
foregoing, nothing herein shall prevent the Company, the Trustee, the Paying Agent or the
Registrar or any of their agents from giving effect to any written certification, proxy or
other authorization furnished by the Depositary or impair, as between the Depositary and its
Members, the operation of customary practices of the Depositary governing the exercise of the
rights of an owner of a beneficial interest in any Global Security. The Holder of a Global
Security may grant proxies and otherwise authorize any Person, including Members and Persons
that may hold interests through Members, to take any action that a Holder is entitled to take
under this Indenture or the Securities.

          (j) No Security shall be entitled to any benefit under this Indenture or be valid or
obligatory for any purpose unless there appears on such Security a certificate of
authentication substantially in one of the forms provided for herein duly executed by the
Trustee or by an Authenticating Agent by manual or facsimile signature of an authorized
signatory of the Trustee, and such certificate upon any Security shall be conclusive evidence,
and the only evidence, that such Security has been duly authenticated and delivered hereunder
and is entitled to the benefits of this Indenture.

Section 3.04 Temporary Securities.

          (a) Pending the preparation of definitive Securities of any series, the Company may
execute, and upon Company Order the Trustee shall authenticate and deliver, temporary
Securities that are printed, lithographed, typewritten, mimeographed or otherwise reproduced,
in any authorized denomination, substantially of the tenor of the definitive Securities in
lieu of which they are issued, in registered form and with such appropriate

 

 

insertions, omissions, substitutions and other variations as the officers executing such
Securities may determine, as conclusively evidenced by their execution of such Securities. Any
such temporary Security may be in global form, representing all or a portion of the
Outstanding Securities of such series. Every such temporary Security shall be executed by the
Company and shall be authenticated and delivered by the Trustee upon the same conditions and
in substantially the same manner, and with the same effect, as the definitive Security or
Securities in lieu of which it is issued.

          (b) If temporary Securities of any series are issued, the Company will cause definitive
Securities of such series to be prepared without unreasonable delay. After the preparation of
definitive Securities of such series, the temporary Securities of such series shall be
exchangeable for definitive Securities of such series upon surrender of such temporary
Securities at the office or agency of the Company in a Place of Payment for such series,
without charge to the Holder. Upon surrender for cancellation of any one or more temporary
Securities of any series, the Company shall execute and the Trustee shall authenticate and
deliver in exchange therefor a like principal amount of definitive Securities of the same
series of authorized denominations and of like tenor. 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.

          (c) Upon any exchange of a portion of a temporary Global Security for a definitive Global
Security or for the individual Securities represented thereby pursuant to this Section 3.04 or
Section 3.06, the temporary Global Security shall be endorsed by the Trustee to reflect the
reduction of the principal amount evidenced thereby, whereupon the principal amount of such
temporary Global Security shall be reduced for all purposes by the amount so exchanged and
endorsed.

     Section 3.05 Registrar.

          (a) The Company will keep, at an office or agency to be maintained by it in a Place of
Payment where Securities may be presented for registration or presented and surrendered for
registration of transfer or of exchange, and where Securities of any series that are
convertible or exchangeable may be surrendered for conversion or exchange, as applicable (the
“Registrar”), a security register for the registration and the registration of transfer or of
exchange of the Securities (the registers maintained in such office and in any other office or
agency of the Company in a Place of Payment being herein sometimes collectively referred to as
the “Register”), as in this Indenture provided, which Register shall at all reasonable times
be open for inspection by the Trustee. Such Register shall be in written form or in any other
form capable of being converted into written form within a reasonable time. The Company may
have one or more co-Registrars; the term “Registrar” includes any co-registrar.

          (b) The Company shall enter into an appropriate agency agreement with any Registrar or
co-Registrar not a party to this Indenture. The agreement shall implement the provisions of
this Indenture that relate to such agent. The Company shall notify the Trustee of the name and
address of each such agent. If the Company fails to maintain a Registrar for any series, the
Trustee shall act as such and shall be entitled to appropriate compensation therefor pursuant
to Section 11.01. The Company or any Affiliate thereof may act as Registrar, co-Registrar or
transfer agent.

          (c) The Company hereby appoints the Trustee at its Corporate Trust Office as Registrar in
connection with the Securities and this Indenture, until such time as another Person is
appointed as such.

     Section 3.06 Transfer and Exchange.

          (a) Transfer.

          (i) Upon surrender for registration of transfer of any Security of any series at the
Registrar the Company shall execute, and the Trustee or any Authenticating Agent shall
authenticate and deliver, in the name of the designated transferee, one or more new
Securities of the same series for like aggregate principal amount of any authorized
denomination or denominations. The transfer of any Security shall not be valid as against
the Company or the Trustee unless registered at the Registrar at the request of the
Holder, or at the request of his, her or its attorney duly authorized in writing.

          (ii) Notwithstanding any other provision of this Section, unless and until it is
exchanged in whole or in part for the individual Securities represented thereby, a Global
Security representing all or a portion of the Securities of a series may not be
transferred except as a whole by the Depositary for such series to a nominee of such
Depositary or by a nominee of such Depositary to such Depositary or

 

 

another nominee of such Depositary or by such Depositary or any such nominee to a
successor Depositary for such series or a nominee of such successor Depositary.

(b) Exchange.

          (i) At the option of the Holder, Securities of any series (other than a Global
Security, except as set forth below) may be exchanged for other Securities of the same
series for like aggregate principal amount of any authorized denomination or
denominations, upon surrender of the Securities to be exchanged at the Registrar.

          (ii) Whenever any Securities are so surrendered for exchange, the Company shall
execute, and the Trustee shall authenticate and deliver, the Securities that the Holder
making the exchange is entitled to receive.

     (c) Exchange of Global Securities for Individual Securities. Except as provided below,
owners of beneficial interests in Global Securities will not be entitled to receive individual
Securities.

          (i) Individual Securities shall be issued to all owners of beneficial interests in a
Global Security in exchange for such interests if: (A) at any time the Depositary for the
Securities of a series notifies the Company that it is unwilling or unable to continue as
Depositary for the Securities of such series or if at any time the Depositary for the
Securities of such series shall no longer be eligible under Section 3.03(h) and, in each
case, a successor Depositary is not appointed by the Company within 90 days of such
notice, or (B) the Company executes and delivers to the Trustee and the Registrar an
Officer’s Certificate stating that such Global Security shall be so exchangeable.

     In connection with the exchange of an entire Global Security for individual Securities
pursuant to this subsection (c), such Global Security shall be deemed to be surrendered to the
Trustee for cancellation, and the Company shall execute, and the Trustee, upon receipt of a
Company Order for the authentication and delivery of individual Securities of such series,
will authenticate and deliver to each beneficial owner identified by the Depositary in
exchange for its beneficial interest in such Global Security, an equal aggregate principal
amount of individual Securities of authorized denominations.

          (ii) The owner of a beneficial interest in a Global Security will be entitled to
receive an individual Security in exchange for such interest if an Event of Default has
occurred and is continuing. Upon receipt by the Security Custodian and Registrar of
instructions from the Holder of a Global Security directing the Security Custodian and
Registrar to (x) issue one or more individual Securities in the amounts specified to the
owner of a beneficial interest in such Global Security and (y) debit or cause to be
debited an equivalent amount of beneficial interest in such Global Security, subject to
the rules and regulations of the Depositary:

          (A) the Security Custodian and Registrar shall notify the Company and the
Trustee of such instructions, identifying the owner and amount of such beneficial
interest in such Global Security;

          (B) the Company shall promptly execute and the Trustee, upon receipt of a
Company Order for the authentication and delivery of individual Securities of such
series, shall authenticate and deliver to such beneficial owner individual
Securities in an equivalent amount to such beneficial interest in such Global
Security; and

          (C) the Security Custodian and Registrar shall decrease such Global Security
by such amount in accordance with the foregoing. In the event that the individual
Securities are not issued to each such beneficial owner promptly after the
Registrar has received a request from the Holder of a Global Security to issue such
individual Securities, the Company expressly acknowledges, with respect to the
right of any Holder to pursue a remedy pursuant to Section 7.07 hereof, the right
of any beneficial Holder of Securities to pursue such remedy with respect to the
portion of the Global Security that represents such beneficial Holder’s Securities
as if such individual Securities had been issued.

          (iii) If specified by the Company pursuant to Section 3.01 with respect to a series
of Securities, the Depositary for such series of Securities may surrender a Global
Security for such series of Securities in exchange in whole or in part for individual
Securities of such series on such terms as are acceptable to

 

 

the Company and such Depositary. Thereupon, the Company shall execute, and the
Trustee shall authenticate and deliver, without service charge,

          (A) to each Person specified by such Depositary a new individual Security or
Securities of the same series, of any authorized denomination as requested by such
Person in aggregate principal amount equal to and in exchange for such Person’s
beneficial interest in the Global Security; and

          (B) to such Depositary 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.

          (iv) In any exchange provided for in clauses (i) through (iii), the Company will
execute and the Trustee will authenticate and deliver individual Securities in registered
form in authorized denominations.

          (v) Upon the exchange in full of a Global Security for individual Securities, such
Global Security shall be canceled 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 as the Depositary for such Global Security, pursuant
to instructions from its direct or indirect participants or otherwise, shall instruct the
Trustee. The Trustee shall deliver such Securities to the Persons in whose names such
Securities are so registered.

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

          (e) Every Security presented or surrendered for registration of transfer, or for exchange
or payment shall (if so required by the Company, the Trustee or the Registrar) be duly
endorsed, or be accompanied by a written instrument or instruments of transfer in form
satisfactory to the Company, the Trustee and the Registrar, duly executed by the Holder
thereof or by his, her or its attorney duly authorized in writing.

          (f) No service charge will be made for any registration of transfer or exchange of
Securities. The Company may require payment of a sum sufficient to cover any tax, assessment
or other governmental charge that may be imposed in connection with any registration of
transfer or exchange of Securities, other than those expressly provided in this Indenture to
be made at the Company’s own expense or without expense or charge to the Holders.

          (g) The Company shall not be required to (i) register, transfer or exchange Securities of
any series during a period beginning at the opening of business 15 days before the day of the
transmission of a notice of redemption of Securities of such series selected for redemption
under Section 4.03 and ending at the close of business on the day of such transmission, or
(ii) register, transfer or exchange any Security so selected for redemption in whole or in
part, except the unredeemed portion of any Security being redeemed in part.

          (h) Prior to the due presentation for registration of transfer or exchange of any
Security, the Company, the Trustee, the Paying Agent, the Registrar, any co-Registrar or any
of their agents may

deem and treat the Person in whose name a Security is registered as the absolute owner of such
Security (whether or not such Security shall be overdue and notwithstanding any notation of
ownership or other writing thereon) for all purposes whatsoever, and none of the Company, the
Trustee, the Paying Agent, the Registrar, any co-Registrar or any of their agents shall be
affected by any notice to the contrary.

          (i) In case a successor Company (“Successor Company”) has executed an indenture
supplemental hereto with the Trustee pursuant to Article XIV, any of the Securities
authenticated or delivered pursuant to such transaction may, from time to time, at the request
of the Successor Company, be exchanged for other Securities executed in the name of the
Successor Company with such changes in phraseology and form as may be appropriate, but
otherwise identical to the Securities surrendered for such exchange and of like principal
amount; and the Trustee, upon Company Order of the Successor Company, shall authenticate and
deliver Securities as specified in such order for the purpose of such exchange. If Securities
shall at any time be authenticated and delivered in any new name of a Successor Company
pursuant to this Section 3.06 in exchange or substitution for or upon registration of transfer
of any Securities, such Successor Company, at the

 

 

option of the Holders but without expense to them, shall provide for the exchange of all
Securities at the time Outstanding for Securities authenticated and delivered in such new
name.

          (j) Each Holder of a Security agrees to indemnify the Company and the Trustee against any
liability that may result from the transfer, exchange or assignment of such Holder’s Security
in violation of any provision of this Indenture and/or applicable United States federal or
state securities laws.

          (k) The Trustee shall have no obligation or duty to monitor, determine or inquire as to
compliance with any restrictions on transfer imposed under this Indenture or under applicable
law with respect to any transfer of any interest in any Security other than to require
delivery of such certificates and other documentation or evidence as are expressly required
by, and to do so if and when expressly required by the terms of, this Indenture, and to
examine the same to determine substantial compliance as to form with the express requirements
hereof.

          (l) Neither the Trustee nor any agent of the Trustee shall have any responsibility for
any actions taken or not taken by the Depositary.

     Section 3.07 Mutilated, Destroyed, Lost and Stolen Securities.

          (a) If (i) any mutilated Security is surrendered to the Trustee at its Corporate Trust
Office or (ii) the Company and the Trustee receive evidence to their satisfaction of the
destruction, loss or theft of any Security, and there is delivered to the Company and the
Trustee security or indemnity bond satisfactory to them to save each of them and any Paying
Agent harmless, and neither the Company nor the Trustee receives notice that such Security has
been acquired by a protected purchaser, then the Company shall execute and upon Company Order
the Trustee shall authenticate and deliver, in exchange for or in lieu of any such mutilated,
destroyed, lost or stolen Security, a new Security of the same series and of like tenor, form,
terms and principal amount, bearing a number not contemporaneously outstanding, that neither
gain nor loss in interest shall result from such exchange or substitution.

          (b) In case any such mutilated, destroyed, lost or stolen Security has become or is about
to become due and payable, the Company in its discretion may, instead of issuing a new
Security, pay the amount due on such Security in accordance with its terms.

          (c) Upon the issuance of any new 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 respect thereto and any other expenses (including the fees and expenses of the Trustee)
connected therewith.

          (d) Every new Security of any series issued pursuant to this Section shall constitute an
original 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 this Indenture equally and proportionately with any and all other Securities
of that series duly issued hereunder.

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

     Section 3.08 Payment of Interest; Interest Rights Preserved.

          (a) Interest on any Security that is payable and is punctually paid or duly provided for
on any Interest Payment Date shall be paid to the Person in whose name such Security (or one
or more Predecessor Securities) is registered at the close of business on the Record Date for
such interest notwithstanding the cancellation of such Security upon any transfer or exchange
subsequent to the Record Date. Payment of interest on Securities shall be made at the
Corporate Trust Office (except as otherwise specified pursuant to Section 3.01) or, at the
option of the Company, by check mailed to the address of the Person entitled thereto as such
address shall appear in the Register or, in accordance with arrangements satisfactory to the
Trustee, by wire transfer to an account designated by the Holder.

          (b) Any interest on any Security that is payable but is not punctually paid or duly
provided for on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith
cease to be payable to the Holder on the relevant Record Date by virtue of his, her or its
having been such a Holder, and such Defaulted Interest may be paid by the Company, at its
election in each case, as provided in clause (i) or (ii) below:

 

 

          (i) The Company may elect to make payment of any Defaulted Interest to the Persons
in whose names such Securities (or their respective Predecessor Securities) are
registered at the close of business on a special record date for the payment of such
Defaulted Interest (a “Special Record Date”), which shall be fixed in the following
manner. The Company shall notify the Trustee in writing of the amount of Defaulted
Interest proposed to be paid on each such Security and the date of the proposed payment,
and at the same time the Company shall deposit with the Trustee an amount of money equal
to the aggregate amount proposed to be paid in respect of such Defaulted Interest or
shall make arrangements satisfactory to the Trustee for such deposit prior to the date of
the proposed payment, such money when deposited to be held in trust for the benefit of
the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the
Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which
shall be not more than 15 calendar days and not less than 10 calendar days prior to the
date of the proposed payment and not less than 10 calendar days after the receipt by the
Trustee of the notice of the proposed payment. The Trustee shall promptly notify the
Company of such Special Record Date and, in the name and at the expense of the Company,
shall cause notice of the proposed payment of such Defaulted Interest and the Special
Record Date therefor to be mailed, first-class postage prepaid, to the Holders of such
Securities at their addresses as they appear in the Register, not less than 10 calendar
days prior to such Special Record Date. Notice of the proposed payment of such Defaulted
Interest and the Special Record Date therefor having been mailed as aforesaid, such
Defaulted Interest shall be paid to the Persons in whose names such Securities (or their
respective Predecessor Securities) are registered at the close of business on such
Special Record Date and shall no longer be payable pursuant to the following clause (ii).

          (ii) The Company may make payment of any Defaulted Interest on Securities in any
other lawful manner not inconsistent with the requirements of any securities exchange on
which such Securities may be listed, and upon such notice as may be required by such
exchange, if, after notice given by the Company to the Trustee of the proposed payment
pursuant to this clause, such manner of payment shall be deemed practicable by the
Trustee.

     (c) Subject to the provisions set forth herein relating to Record Dates, each Security
delivered pursuant to any provision of this Indenture in exchange or substitution for, or upon
registration of transfer of, any other Security shall carry all the rights to interest accrued
and unpaid, and to accrue, which were carried by such other Security.

     Section 3.09 Cancellation. Unless otherwise specified pursuant to Section 3.01 for
Securities of any series, all Securities surrendered for payment, redemption, registration of
transfer or exchange or credit against any sinking fund or otherwise shall, if surrendered to any
Person other than the Trustee, be delivered to the Trustee for cancellation and shall be promptly
canceled by it and, if surrendered to the Trustee, shall be promptly canceled by it. The Company
may at any time deliver to the Trustee for cancellation any Securities previously authenticated and
delivered hereunder that the Company may have acquired in any manner whatsoever, and all Securities
so delivered shall be promptly canceled by the Trustee. No Securities shall be authenticated in
lieu of or in exchange for any Securities canceled as provided in this Section, except as expressly
permitted by this Indenture. The Trustee shall dispose of all canceled Securities held by it in
accordance with its then customary procedures and deliver a certificate of such disposal to the
Company upon its request therefor. The acquisition of any Securities by the Company shall not
operate as a redemption or satisfaction of the Indebtedness represented thereby unless and until
such Securities are surrendered to the Trustee for cancellation.

     Section 3.10 Computation of Interest. Except as otherwise specified pursuant to
Section 3.01 for Securities of any series, interest on the Securities of each series shall be
computed on the basis of a 360-day year of twelve 30-day months.

     Section 3.11 Currency of Payments in Respect of Securities.

          (a) Except as otherwise specified pursuant to Section 3.01 for Securities of any series,
payment of the principal of and premium, if any, and interest on Securities of such series
will be made in U.S. Dollars.

          (b) For purposes of any provision of the Indenture in which the Holders of Outstanding
Securities may perform an action that requires that a specified percentage of the Outstanding
Securities of all series perform such action and for purposes of any decision or determination
by the Trustee of amounts due and unpaid for the principal of and premium, if any, and
interest on the Securities of all series in respect of which moneys are

 

 

to be disbursed ratably, the principal of and premium, if any, and interest on the
Outstanding Securities denominated in a Foreign Currency will be the amount in U.S. Dollars
based upon exchange rates, determined as specified pursuant to Section 3.01 for Securities of
such series, as of the date for determining whether the Holders entitled to perform such
action have performed it or as of the date of such decision or determination by the Trustee,
as the case may be.

          (c) Any decision or determination to be made regarding exchange rates shall be made by an
agent appointed by the Company; provided, that such agent shall accept such appointment in
writing and the terms of such appointment shall, in the opinion of the Company at the time of
such appointment, require such agent to make such determination by a method consistent with
the method provided pursuant to Section 3.01 for the making of such decision or determination.
All decisions and determinations of such agent regarding exchange rates shall, in the absence
of manifest error, be conclusive for all purposes and irrevocably binding upon the Company,
the Trustee and all Holders of the Securities.

     Section 3.12 Judgments. The Company may provide pursuant to Section 3.01 for
Securities of any series that (a) the obligation, if any, of the Company to pay the principal of,
premium, if any, and interest on the Securities of any series in a Foreign Currency or U.S. Dollars
(the “Designated Currency”) as may be specified pursuant to Section 3.01 is of the essence and
agrees that, to the fullest extent possible under applicable law, judgments in respect of such
Securities shall be given in the Designated Currency; (b) the obligation of the Company to make
payments in the Designated Currency of the principal of and premium, if any, and interest on such
Securities shall, notwithstanding any payment in any other Currency (whether pursuant to a judgment
or otherwise), be discharged only to the extent of the amount in the Designated Currency that the
Holder receiving such payment may, in accordance with normal banking procedures, purchase with the
sum paid in such other Currency (after any premium and cost of exchange) on the business day in the
country of issue of the Designated Currency or in the international banking community (in the case
of a composite currency) immediately following the day on which such Holder receives such payment;
(c) if the amount in the Designated Currency that may be so purchased for any reason falls short of
the amount originally due, the Company shall pay such additional amounts as may be necessary to
compensate for such shortfall; and (d) any obligation of the Company not discharged by such payment
shall be due as a separate and independent obligation and, until discharged as provided herein,
shall continue in full force and effect.

     Section 3.13 CUSIP Numbers. The Company in issuing any Securities may use CUSIP, ISIN
or other similar numbers, if then generally in use, and thereafter with respect to such series, the
Trustee may use such numbers in any notice of redemption or exchange with respect to such series
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 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, ISIN or other similar
numbers.

ARTICLE IV

REDEMPTION OF SECURITIES 

     Section 4.01 Applicability of Right of Redemption. Redemption of Securities (other
than pursuant to a sinking fund, amortization or analogous provision) permitted by the terms of any
series of Securities shall be made (except as otherwise specified pursuant to Section 3.01 for
Securities of any series) in accordance with this Article; provided, however, that if any such
terms of a series of Securities shall conflict with any provision of this Article, the terms of
such series shall govern.

     Section 4.02 Selection of Securities to be Redeemed.

          (a) If the Company shall at any time elect to redeem all or any portion of the Securities
of a series then Outstanding, it shall at least 30 days prior to the Redemption Date fixed by
the Company (unless a shorter period shall be satisfactory to the Trustee) notify the Trustee
of such Redemption Date and of the principal amount of Securities to be redeemed, and
thereupon the Trustee shall select, by lot or in such other manner as the Trustee shall deem
appropriate and which may provide for the selection for redemption of a portion of the
principal amount of any Security of such series; provided that the unredeemed portion of the
principal amount

 

 

of any Security shall be in an authorized denomination (which shall not be less than the
minimum authorized denomination) for such Security. In any case where more than one Security
of such series is registered in the same name, the Trustee may treat the aggregate principal
amount so registered as if it were represented by one Security of such series. The Trustee
shall, as soon as practicable, notify the Company in writing of the Securities and portions of
Securities so selected.

          (b) For all purposes of this Indenture, unless the context otherwise requires, all
provisions relating to the redemption of Securities shall relate, in the case of any Security
redeemed or to be redeemed only in part, to the portion of the principal amount of such
Security that has been or is to be redeemed. If the Company shall so direct, Securities
registered in the name of the Company, any Affiliate or any Subsidiary thereof shall not be
included in the Securities selected for redemption.

     Section 4.03 Notice of Redemption.

          (a) Notice of redemption shall be given by the Company or, at the Company’s request, by
the Trustee in the name and at the expense of the Company; provided, however, that the Company
makes such request at least 3 days prior to the date by which such notice of redemption must
be given to Holders in accordance with this Section 4.03; provided further that, the text of
such notice shall be prepared by the Company. Any such notice shall be delivered in the
manner provided in Section 16.04 not less than 30 days before the Redemption Date unless the
Trustee consents to a shorter period, to the Holders of Securities of any series to be
redeemed in whole or in part pursuant to this Article. Any notice so given shall be
conclusively presumed to have been duly given, whether or not the Holder receives such notice.
Failure to give such notice, or any defect in such notice to the Holder of any Security of a
series designated for redemption, in whole or in part, shall not affect the sufficiency of any
notice of redemption with respect to the Holder of any other Security of such series.

          (b) All notices of redemption shall identify the Securities to be redeemed (including
CUSIP, ISIN or other similar numbers, if available) and shall state:

          (i) such election by the Company to redeem Securities of such series pursuant to
provisions contained in this Indenture or the terms of the Securities of such series or a
supplemental indenture establishing such series, if such be the case;

          (ii) the Redemption Date;

          (iii) the Redemption Price;

          (iv) if less than all Outstanding Securities of any series are to be redeemed, the
identification (and, in the case of partial redemption, the principal amounts) of the
Securities of such series to be redeemed;

          (v) that on the Redemption Date the Redemption Price will become due and payable
upon each such Security to be redeemed, and that, if applicable, interest thereon shall
cease to accrue on and after said date;

          (vi) the Place or Places of Payment where such Securities are to be surrendered for
payment of the Redemption Price;

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

          (viii) that the Securities must be surrendered to the Paying Agent for payment of
the Redemption Price.

     Section 4.04
Deposit of Redemption Price. On or prior to
11:00 a.m.,                
             time, on the Redemption Date for any Securities, the Company shall deposit with the
Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and
hold in trust as provided in Section 6.03) an amount of money in the Currency in which such
Securities are denominated (except as provided pursuant to Section 3.01) sufficient to pay the
Redemption Price of such Securities or any portions thereof that are to be redeemed on that date.

     Section 4.05 Securities Payable on Redemption Date. Notice of redemption having been
given as aforesaid, any Securities so to be redeemed shall, on the Redemption Date, become due and
payable at the Redemption Price and from and after such date (unless the Company shall Default in
the payment of the Redemption Price) such Securities shall cease to bear interest. Upon surrender
of any such Security for redemption in accordance with said notice, such Security shall be paid by
the Company at the Redemption Price; provided, however, that (unless otherwise provided pursuant to
Section 3.01) installments of interest that have a Stated Maturity on or prior to the

 

 

Redemption Date for such Securities shall be payable according to the terms of such Securities
and the provisions of Section 3.08.

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

     Section 4.06 Securities Redeemed in Part. Any Security that is to be redeemed only in
part shall be surrendered at the Corporate Trust Office or such other office or agency of the
Company as is specified pursuant to Section 3.01 with, if the Company, the Registrar or the Trustee
so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the
Company, the Registrar and the Trustee duly executed by the Holder thereof or his, her or its
attorney duly authorized in writing, and the Company shall execute, and the Trustee shall
authenticate and deliver to the Holder of such Security without service charge, a new Security or
Securities of the same series, of like tenor and form, of any authorized denomination as requested
by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of
the principal of the Security so surrendered; except that if a Global Security is so surrendered,
the Company shall execute, and the Trustee shall authenticate and deliver to the Depositary for
such Global Security, without service charge, a new Global Security in a denomination equal to and
in exchange for the unredeemed portion of the principal of the Global Security so surrendered. In
the case of a Security providing appropriate space for such notation, at the option of the Holder
thereof, 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.

ARTICLE V

SINKING FUNDS 

     Section 5.01 Applicability of Sinking Fund.

          (a) Redemption of Securities permitted or required pursuant to a sinking fund for the
retirement of Securities of a series by the terms of such series of Securities shall be made
in accordance with such terms of such series of Securities and this Article, except as
otherwise specified pursuant to Section 3.01 for Securities of such series, provided, however,
that if any such terms of a series of Securities shall conflict with any provision of this
Article, the terms of such series shall govern.

          (b) The minimum amount of any sinking fund payment provided for by the terms of
Securities of any series is herein referred to as a “Mandatory Sinking Fund Payment,” and any
payment in excess of such minimum amount provided for by the terms of Securities of any series
is herein referred to as an “Optional Sinking Fund Payment.” If provided for by the terms of
Securities of any series, the cash amount of any Mandatory Sinking Fund Payment may be subject
to reduction as provided in Section 5.02.

     Section 5.02 Mandatory Sinking Fund Obligation. The Company may, at its option,
satisfy any Mandatory Sinking Fund Payment obligation, in whole or in part, with respect to a
particular series of Securities by (a) delivering to the Trustee Securities of such series in
transferable form theretofore purchased or otherwise acquired by the Company or redeemed at the
election of the Company pursuant to Section 4.03 or (b) receiving credit for Securities of such
series (not previously so credited) acquired by the Company and theretofore delivered to the
Trustee. The Trustee shall credit such Mandatory Sinking Fund Payment obligation with an amount
equal to the Redemption Price specified in such Securities for redemption through operation of the
sinking fund and the amount of such Mandatory Sinking Fund Payment shall be reduced accordingly. If
the Company shall elect to so satisfy any Mandatory Sinking Fund Payment obligation, it shall
deliver to the Trustee not less than 45 days prior to the relevant sinking fund payment date a
written notice signed on behalf of the Company by its Chairman of the Board of Directors, Chief
Executive Officer, President, Chief Operating Officer, Chief Financial Officer, one of its Vice
Presidents, its Treasurer or one of its Assistant Treasurers, which shall designate the Securities
(and portions thereof, if any) so delivered or credited and which shall be accompanied by such
Securities (to the extent not theretofore delivered) in transferable form. In case of the failure
of the Company, at or before the time so required, to give such notice and deliver such Securities
the Mandatory Sinking Fund Payment obligation shall be paid entirely in moneys.

 

 

     Section 5.03 Optional Redemption at Sinking Fund Redemption Price. In addition to the
sinking fund requirements of Section 5.02, to the extent, if any, provided for by the terms of a
particular series of Securities, the Company may, at its option, make an Optional Sinking Fund
Payment with respect to such Securities. Unless otherwise provided by such terms, (a) to the extent
that the right of the Company to make such Optional Sinking Fund Payment shall not be exercised in
any year, it shall not be cumulative or carried forward to any subsequent year, and (b) such
optional payment shall operate to reduce the amount of any Mandatory Sinking Fund Payment
obligation as to Securities of the same series. If the Company intends to exercise its right to
make such optional payment in any year it shall deliver to the Trustee not less than 45 days prior
to the relevant sinking fund payment date a certificate signed by its Chairman of the Board of
Directors, Chief Executive Officer, President, Chief Operating Officer, Chief Financial Officer,
one of its Vice Presidents, Treasurer or one of its Assistant Treasurers stating that the Company
will exercise such optional right, and specifying the amount which the Company will pay on or
before the next succeeding sinking fund payment date. Such certificate shall also state that no
Event of Default has occurred and is continuing.

     Section 5.04 Application of Sinking Fund Payment.

          (a) If the sinking fund payment or payments made in funds pursuant to either Section 5.02
or 5.03 with respect to a particular series of Securities plus any unused balance of any
preceding sinking fund payments made in funds with respect to such series shall exceed $50,000
(or a lesser sum if the Company shall so request, or such equivalent sum for Securities
denominated other than in U.S. Dollars), it shall be applied by the Trustee on the sinking
fund payment date next following the date of such payment, unless the date of such payment
shall be a sinking fund payment date, in which case such payment shall be applied on such
sinking fund payment date, to the redemption of Securities of such series at the redemption
price specified pursuant to Section 4.03(b). The Trustee shall select, in the manner provided
in Section 4.02, for redemption on such sinking fund payment date, a sufficient principal
amount of Securities of such series to absorb said funds, as nearly as may be, and shall, at
the expense and in the name of the Company, thereupon cause notice of redemption of the
Securities to be given in substantially the manner provided in Section 4.03(a) for the
redemption of Securities in part at the option of the Company, except that the notice of
redemption shall also state that the Securities are being redeemed for the sinking fund. Any
sinking fund moneys not so applied by the Trustee to the redemption of Securities of such
series shall be added to the next sinking fund payment received in funds by the Trustee and,
together with such payment, shall be applied in accordance with the provisions of this Section
5.04. Any and all sinking fund moneys held by the Trustee on the last sinking fund payment
date with respect to Securities of such series, and not held for the payment or redemption of
particular Securities of such series, shall be applied by the Trustee to the payment of the
principal of the Securities of such series at Maturity.

          (b) On or prior to each sinking fund payment date, the Company shall pay to the Trustee a
sum equal to all interest accrued to but not including the date fixed for redemption on
Securities to be redeemed on such sinking fund payment date pursuant to this Section 5.04.

          (c) The Trustee shall not redeem any Securities of a series with sinking fund moneys or
mail any notice of redemption of Securities of such series by operation of the sinking fund
during the continuance of a Default in payment of interest on any Securities of such series or
of any Event of Default (other than an Event of Default occurring as a consequence of this
paragraph) of which the Trustee has actual knowledge, except that if the notice of redemption
of any Securities of such series shall theretofore have been mailed in accordance with the
provisions hereof, the Trustee shall redeem such Securities if funds sufficient for that
purpose shall be deposited with the Trustee in accordance with the terms of this Article.
Except as aforesaid, any moneys in the sinking fund at the time any such Default or Event of
Default shall occur and any moneys thereafter paid into the sinking fund shall, during the
continuance of such Default or Event of Default, be held as security for the payment of all
the Securities of such series; provided, however, that in case such Default or Event of
Default shall have been cured or waived as provided herein, such moneys shall thereafter be
applied on the next sinking fund payment date on which such moneys are required to be applied
pursuant to the provisions of this Section 5.04.

ARTICLE VI

PARTICULAR COVENANTS OF THE COMPANY 

 

 

     The Company hereby covenants and agrees as follows:

     Section 6.01 Payments of Securities. The Company will duly and punctually pay the
principal of and premium, if any, on each series of Securities, and the interest which shall have
accrued thereon, at the dates and place and in the manner provided in the Securities and in this
Indenture.

     Section 6.02 Paying Agent.

          (a) The Company will maintain in each Place of Payment for any series of Securities, if
any, an office or agency where Securities may be presented or surrendered for payment, where
Securities of such series may be surrendered for registration of transfer or exchange and
where notices and demands to or upon the Company in respect of the Securities and this
Indenture may be served (the “Paying Agent”). The Company will give prompt written notice to
the Trustee of the location, and any change in the location, of such office or agency. If at
any time the Company shall fail to maintain any such required office or agency or shall fail
to furnish the Trustee with the address thereof, such presentations, surrenders, notices and
demands may be made or served at the Corporate Trust Office of the Trustee, and the Company
hereby appoints the Trustee as Paying Agent to receive all presentations, surrenders, notices
and demands.

          (b) The Company may also from time to time designate different or additional offices or
agencies where the Securities of any series may be presented or surrendered for any or all
such purposes (in or outside of such Place of Payment), and may from time to time rescind any
such designations; provided, however, that no such designation or rescission shall in any
manner relieve the Company of its obligations described in the preceding paragraph. The
Company will give prompt written notice to the Trustee of any such additional designation or
rescission of designation and of any change in the location of any such different or
additional office or agency. The Company shall enter into an appropriate agency agreement with
any Paying Agent not a party to this Indenture. The agreement shall implement the provisions
of this Indenture that relate to such agent. The Company shall notify the Trustee of the name
and address of each such agent. The Company or any Affiliate thereof may act as Paying Agent.

     Section 6.03 To Hold Payment in Trust.

          (a) If the Company or an Affiliate thereof shall at any time act as Paying Agent with
respect to any series of Securities, then, on or before the date on which the principal of and
premium, if any, or interest on any of the Securities of that series by their terms or as a
result of the calling thereof for redemption shall become payable, the Company or such
Affiliate will segregate and hold in trust for the benefit of the Holders of such Securities
or the Trustee a sum sufficient to pay such principal and premium, if any, or interest which
shall have so become payable until such sums shall be paid to such Holders or otherwise
disposed of as herein provided, and will notify the Trustee of its action or failure to act in
that regard. Upon any proceeding under any federal bankruptcy laws with respect to the Company
or any Affiliate thereof, if the Company or such Affiliate is then acting as Paying Agent, the
Trustee shall replace the Company or such Affiliate as Paying Agent.

          (b) If the Company shall appoint, and at the time have, a Paying Agent for the payment of
the principal of and premium, if any, or interest on any series of Securities, then prior to
11:00 a.m.,                
           time, on the date on which the principal of and
premium, if any, or interest on any of the Securities of that series shall become payable as
aforesaid, whether by their terms or as a result of the calling thereof for redemption, the
Company will deposit with such Paying Agent a sum sufficient to pay such principal and
premium, if any, or interest, such sum to be held in trust for the benefit of the Holders of
such Securities or the Trustee, and (unless such Paying Agent is the Trustee), the Company or
any other obligor of such Securities will promptly notify the Trustee of its payment or
failure to make such payment.

          (c) If the Paying Agent shall be other than the Trustee, the Company will cause such
Paying Agent 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 6.03, that such Paying
Agent shall:

          (i) hold all moneys held by it for the payment of the principal of and premium, if
any, or interest on the Securities of that series in trust for the benefit of the Holders
of such Securities until such sums shall be paid to such Holders or otherwise disposed of
as herein provided;

 

 

          (ii) give to the Trustee notice of any Default by the Company or any other obligor
upon the Securities of that series in the making of any payment of the principal of and
premium, if any, or interest on the Securities of that series; and

          (iii) at any time during the continuance of any such Default, upon the written
request of the Trustee, pay to the Trustee all sums so held in trust by such Paying
Agent.

          (d) Anything in this Section 6.03 to the contrary notwithstanding, the Company may at any
time, for the purpose of obtaining a release, satisfaction or discharge of this Indenture or
for any other reason, pay or cause to be paid to the Trustee all sums held in trust by the
Company or by any Paying Agent other than the Trustee as required by this Section 6.03, such
sums to be held by the Trustee upon the same trusts as those upon which such sums were held by
the Company or such Paying Agent.

          (e) Subject to any applicable abandoned property law, any money deposited with the
Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the
principal of and premium, if any, or interest on any Security of any series and remaining
unclaimed for two years after such principal and premium, if any, or interest has become due
and payable shall be paid to the Company upon Company Order or (if then held by the Company)
shall be discharged from such trust, and the Holder of such Security shall thereafter, as an
unsecured general creditor, look only to the Company for payment of such amounts without
interest thereon, and all liability of the Trustee or such Paying Agent with respect to such
trust money, and all liability of the Company as trustee thereof, shall thereupon cease;
provided, however, that the Trustee or such Paying Agent before being required to make any
such repayment, may at the expense of the Company cause to be published once, in a newspaper
published in the English language, customarily published on each Business Day and of general
circulation in                
          , notice that such money remains unclaimed and
that, after a date specified therein, which shall not be less than 30 days from the date of
such publication, any unclaimed balance of such money then remaining will be repaid to the
Company.

     Section 6.04 Merger, Consolidation and Sale of Assets. Except as otherwise provided as
contemplated by Section 3.01 with respect to any series of Securities:

          (a) The Company will not consolidate with any other entity or accept a merger of any
other entity into the Company or permit the Company to be merged into any other entity, or
sell other than for cash or lease all or substantially all its assets to another entity, or
purchase all or substantially all the assets of another entity, unless (i) either the Company
shall be the continuing entity, or (ii) the successor, transferee or lessee entity (if other
than the Company) shall expressly assume, by indenture supplemental hereto, executed and
delivered by such entity prior to or simultaneously with such consolidation, merger, sale or
lease, the due and punctual payment of the principal of and interest and premium, if any, on
all the Securities, according to their tenor, and the due and punctual performance and
observance of all other obligations to the Holders and the Trustee under this Indenture or
under the Securities to be performed or observed by the Company. A purchase by a Subsidiary
of all or substantially all of the assets of another entity shall not be deemed to be a
purchase of such assets by the Company.

          (b) Upon any consolidation with or merger into any other entity, or any sale other than
for cash, or any conveyance or lease of all or substantially all of the assets of the Company
in accordance with this Section 6.04, the successor entity formed by such consolidation or
into or with which the Company is merged or to which the Company is sold or to which such
conveyance, transfer or lease is made shall succeed to, and be substituted for, and may
exercise every right and power of, the Company under this Indenture with the same effect as if
such successor entity had been named as the Company herein, and thereafter, except in the case
of a lease, the predecessor Company shall be relieved of all obligations and covenants under
this Indenture and the Securities, and from time to time such entity may exercise each and
every right and power of the Company under this Indenture, in the name of the Company, or in
its own name; and any act or proceeding by any provision of this Indenture required or
permitted to be done by the Board of Directors or any officer of the Company may be done with
like force and effect by the like board or officer of any entity that shall at the time be the
successor of the Company hereunder. In the event of any such sale or conveyance, but not any
such lease, the Company (or any successor entity which shall theretofore have become such in
the manner described in this Section 6.04) shall be discharged from all obligations and
covenants under this Indenture and the Securities and may thereupon be dissolved and
liquidated.

 

 

     Section 6.05 Compliance Certificate. Except as otherwise provided as contemplated by
Section 3.01 with respect to any series of Securities, the Company shall furnish to the Trustee
annually, within 120 days after the end of each fiscal year, a brief certificate from the Chief
Executive Officer, President, Chief Operating Officer, Principal Financial Officer, Principal
Accounting Officer, any Vice President or Treasurer as to his or her knowledge of the Company’s
compliance with all conditions and covenants under this Indenture (which compliance shall be
determined without regard to any period of grace or requirement of notice provided under this
Indenture) and, in the event of any Default, specifying each such Default and the nature and status
thereof of which such person may have knowledge. Such certificates need not comply with Section
16.01 of this Indenture.

     Section 6.06 Conditional Waiver by Holders of Securities. Anything in this Indenture
to the contrary notwithstanding, the Company may fail or omit in any particular instance to comply
with a covenant or condition set forth herein with respect to any series of Securities if the
Company shall have obtained and filed with the Trustee, prior to the time of such failure or
omission, evidence (as provided in Article VIII) of the consent of the Holders of a majority in
aggregate principal amount of the Securities of such series at the time Outstanding, either waiving
such compliance in such instance or generally waiving compliance with such covenant or condition,
but no such waiver shall extend to or affect such covenant or condition except to the extent so
expressly waived, or impair any right consequent thereon and, until such waiver shall have become
effective, the obligations of the Company and the duties of the Trustee in respect of any such
covenant or condition shall remain in full force and effect.

     Section 6.07 Statement by Officers as to Default. The Company shall deliver to the
Trustee as soon as possible and in any event within 30 days after the Company becomes aware of the
occurrence of any Event of Default or an event which, with the giving of notice or the lapse of
time or both, would constitute an Event of Default, an Officer’s Certificate setting forth the
details of such Event of Default or Default and the action which the Company proposes to take with
respect thereto.

ARTICLE VII

REMEDIES OF TRUSTEE AND SECURITYHOLDERS 

     Section 7.01 Events of Default. Except where otherwise indicated by the context or
where the term is otherwise defined for a specific purpose, the term “Event of Default” as used in
this Indenture with respect to Securities of any series shall mean one of the following described
events unless it is either inapplicable to a particular series or it is specifically deleted or
modified in the manner contemplated in Section 3.01:

          (a) the failure of the Company to pay any installment of interest on any Security of such
series when and as the same shall become payable, which failure shall have continued
unremedied for a period of 90 days; provided, however, that a valid extension of an interest
payment period by the Company in accordance with the terms of any indenture supplemental
hereto shall not constitute a default in the payment of interest for this purpose;

          (b) the failure of the Company to pay the principal of (and premium, if any, on) any
Security of such series, when and as the same shall become payable, whether at Maturity as
therein expressed, by call for redemption (otherwise than pursuant to a sinking fund), by
declaration as authorized by this Indenture or otherwise;

          (c) the failure of the Company to pay a sinking fund installment, if any, when and as the
same shall become payable by the terms of a Security of such series, which failure shall have
continued unremedied for a period of 30 days;

          (d) the failure of the Company, subject to the provisions of Section 6.06, to
perform any covenants or agreements contained in this Indenture (including any indenture
supplemental hereto pursuant to which the Securities of such series were issued as
contemplated by Section 3.01) (other than a covenant or agreement which has been expressly
included in this Indenture solely for the benefit of a series of Securities other than that
series and other than a covenant or agreement a default in the performance of which is
elsewhere in this Section 7.01 specifically addressed), which failure shall not have been
remedied, or without provision deemed to be adequate for the remedying thereof having
been made, for a period of 90 days after written notice shall have been given to the Company
by the Trustee or shall have been given to the Company and the Trustee by Holders of not less
than a majority in aggregate principal amount of the Securities of such series then

 

 

Outstanding, specifying such failure, requiring the Company to remedy the same and
stating that such notice is a “Notice of Default” hereunder;

     (e) the entry by a court having jurisdiction in the premises of a decree or order for
relief in respect of the Company in an involuntary case under the federal bankruptcy laws, as
now or hereafter constituted, or any other applicable federal or state bankruptcy, insolvency
or other similar law now or hereafter in effect, or appointing a receiver, liquidator,
assignee, custodian, trustee or sequestrator (or similar official) of the Company or of
substantially all the property of the Company or ordering the winding-up or liquidation of its
affairs and such decree or order shall remain unstayed and in effect for a period of 90
consecutive days;

     (f) the commencement by the Company of a voluntary case under the federal bankruptcy
laws, as now or hereafter constituted, or any other applicable federal or state bankruptcy,
insolvency or other similar law now or hereafter in effect, or the consent by the Company to
the entry of an order for relief in an involuntary case under any such law, or the consent by
the Company to the appointment of or taking possession by a receiver, liquidator, assignee,
trustee, custodian or sequestrator (or similar official) of the Company or of substantially
all the property of the Company or the making by it of an assignment for the benefit of
creditors or the admission by it in writing of its inability to pay its debts generally as
they become due, or the taking of corporate action by the Company in furtherance of any
action; or

     (g) the occurrence of any other Event of Default with respect to Securities of such
series as provided in Section 3.01;

provided, however, that no event described in clause (d) or (other than with respect to a payment
default) (g) above shall constitute an Event of Default hereunder until a Responsible Officer
assigned to and working in the Trustee’s corporate trust department has actual knowledge thereof or
until a written notice of any such event is received by the Trustee at the Corporate Trust Office,
and such notice refers to the facts underlying such event, the Securities generally, the Company
and the Indenture. Notwithstanding the foregoing provisions of this Section 7.01, if the principal
or any premium or interest on any Security is payable in a Currency other than the Currency of the
United States and such Currency is not available to the Company for making payment thereof due to
the imposition of exchange controls or other circumstances beyond the control of the Company, the
Company will be entitled to satisfy its obligations to Holders of the Securities by making such
payment in the Currency of the United States in an amount equal to the Currency of the United
States equivalent of the amount payable in such other Currency, as determined by the Company by
reference to the noon buying rate in                
           for cable transfers for such
Currency (“Exchange Rate”), as such Exchange Rate is reported or otherwise made available by the
Federal Reserve Bank of New York on the date of such payment, or, if such rate is not then
available, on the basis of the most recently available Exchange Rate. Notwithstanding the foregoing
provisions of this Section 7.01, any payment made under such circumstances in the Currency of the
United States where the required payment is in a Currency other than the Currency of the United
States will not constitute an Event of Default under this Indenture.

     Section 7.02 Acceleration; Rescission and Annulment.

     (a) Except as otherwise provided as contemplated by Section 3.01 with respect to any
series of Securities, if any one or more of the above-described Events of Default (other than
an Event of Default specified in Section 7.01(e) or 7.01(f)) shall happen with respect to
Securities of any series at the time Outstanding, then, and in each and every such case,
during the continuance of any such Event of Default, the Trustee or the Holders of not less
than a majority in principal amount of the Securities of such series then Outstanding may
declare the principal (or, if the Securities of that series are Original Issue Discount
Securities, such portion of the principal amount as may be specified in the terms of that
series) of and all accrued but unpaid interest on all the Securities of such series then
Outstanding to be due and payable immediately by a notice in writing to the Company (and to
the Trustee if given by Holders), and upon any such declaration such principal amount (or
specified amount) shall become immediately due and payable. If an Event of Default specified
in Section 7.01(e) or 7.01(f) occurs and is continuing, then in every such case, the principal
amount of all of the Securities of that series then Outstanding shall automatically, and
without any declaration or any other action on the part of the Trustee or any Holder, become
due and payable immediately. Upon payment of such amounts in the Currency in which such
Securities are denominated (subject to Section 7.01 and except as otherwise provided pursuant
to Section 3.01), all obligations of the Company in respect of the payment of principal of and
interest on the Securities of such series shall terminate.

 

 

     (b) The provisions of Section 7.02(a), however, are subject to the condition that, at any
time after the principal of all the Securities of such series, to which any one or more of the
above-described Events of Default is applicable, shall have been so declared to be due and
payable, and before a judgment or decree for payment of the money due has been obtained by the
Trustee as hereinafter provided in this Article, the Event of Default giving rise to such
declaration of acceleration shall, without further act, be deemed to have been waived, and
such declaration and its consequences shall, without further act, be deemed to have been
rescinded and annulled, if:

     (i) the Company has paid or deposited with the Trustee or Paying Agent a sum in the
Currency in which such Securities are denominated (subject to Section 7.01 and except as
otherwise provided pursuant to Section 3.01) sufficient to pay

     (A) all amounts owing the Trustee and any predecessor trustee hereunder under
Section 11.01(a) (provided, however, that all sums payable under this clause
(A) shall be paid in U.S. Dollars);

     (B) all arrears of interest, if any, upon all the Securities of such series
(with interest, to the extent that interest thereon shall be legally enforceable,
on any overdue installment of interest at the rate borne by such Securities at the
rate or rates prescribed therefor in such Securities); and

     (C) the principal of and premium, if any, on any Securities of such series
that have become due otherwise than by such declaration of acceleration and
interest thereon; and

     (ii) every other Default and Event of Default with respect to Securities of that
series, other than the non-payment of the principal of Securities of that series which
have become due solely by such declaration of acceleration, has been cured or waived as
provided in Section 7.06.

     (c) No such rescission shall affect any subsequent default or impair any right consequent
thereon.

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

     Section 7.03 Other Remedies. If the Company shall fail for a period of 30 days to pay
any installment of interest on the Securities of any series or shall fail to pay the principal of
and premium, if any, on any of the Securities of such series when and as the same shall become due
and payable, whether at Maturity, or by call for redemption (other than pursuant to the sinking
fund), by declaration as authorized by this Indenture, or otherwise, or shall fail for a period of
30 days to make any required sinking fund payment as to a series of Securities, then, upon demand
of the Trustee, the Company will pay to the Paying Agent for the benefit of the Holders of
Securities of such series then Outstanding the whole amount which then shall have become due and
payable on all the Securities of such series, with interest on the overdue principal and premium,
if any, and (so far as the same may be legally enforceable) on the overdue installments of interest
at the rate borne by the Securities of such series, and all amounts owing the Trustee and any
predecessor trustee hereunder under Section 11.01(a).

     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 proceeding at law or in equity for the collection of the sums so due and unpaid, and may
prosecute any such action or proceeding to judgment or final decree, and may enforce any such
judgment or final decree against the Company or any other obligor upon the Securities of such
series, and collect the moneys adjudged or decreed to be payable out of the property of the Company
or any other obligor upon the Securities of such series, wherever situated, in the manner provided
by law. Every recovery of judgment in any such action or other proceeding, subject to the payment
to the Trustee of all amounts owing the Trustee and any predecessor trustee hereunder under
Section 11.01(a), shall be for the ratable benefit of the Holders of such series of Securities
which shall be the subject of such action or proceeding. All rights of action upon or under any of
the Securities or this Indenture may be enforced by the Trustee without the

 

 

possession of any of the Securities and without the production of any thereof at any trial or
any proceeding relative thereto.

     Section 7.04 Trustee as Attorney-in-Fact. The Trustee is hereby appointed, and each
and every Holder of the Securities, by receiving and holding the same, shall be conclusively deemed
to have appointed the Trustee, the true and lawful attorney-in-fact of such Holder, with authority
to make or file (whether or not the Company shall be in Default in respect of the payment of the
principal of, or interest on, any of the Securities), in its own name and as trustee of an express
trust or otherwise as it shall deem advisable, in any receivership, insolvency, liquidation,
bankruptcy, reorganization or other judicial proceeding relative to the Company or any other
obligor upon the Securities or to their respective creditors or property, any and all claims,
proofs of claim, proofs of debt, petitions, consents, other papers and documents and amendments of
any thereof, as may be necessary or advisable in order to have the claims of the Trustee and any
predecessor trustee hereunder and of the Holders of the Securities allowed in any such proceeding
and to collect and receive any moneys or other property payable or deliverable on any such claim,
and to execute and deliver any and all other papers and documents and to do and perform any and all
other acts and things, as it may deem necessary or advisable in order to enforce in any such
proceeding any of the claims of the Trustee and any predecessor trustee hereunder and of any of
such Holders in respect of any of the Securities; and any receiver, assignee, trustee, custodian or
debtor in any such proceeding is hereby authorized, and each and every taker or Holder of the
Securities, by receiving and holding the same, shall be conclusively deemed to have authorized any
such receiver, assignee, trustee, custodian or debtor, to make any such payment or delivery only to
or on the order of the Trustee, and to pay to the Trustee any amount due it and any predecessor
trustee hereunder under Section 11.01(a); provided, however, that nothing herein contained shall be
deemed to authorize or empower the Trustee to consent to or accept or adopt, on behalf of any
Holder of Securities, any plan of reorganization or readjustment affecting the Securities or the
rights of any Holder thereof, or to authorize or empower the Trustee to vote in respect of the
claim of any Holder of any Securities in any such proceeding.

     Section 7.05 Priorities. Any moneys or properties collected by the Trustee with
respect to a series of Securities under this Article VII shall be applied in the order following,
at the date or dates fixed by the Trustee for the distribution of such moneys or properties and, in
the case of the distribution of such moneys or properties on account of the Securities of any
series, upon presentation of the Securities of such series, and stamping thereon the payment, if
only partially paid, and upon surrender thereof, if fully paid:

     First: To the payment of all amounts due to the Trustee and any predecessor trustee
hereunder under Section 11.01(a).

     Second: In case the principal of the Outstanding Securities of such series shall not have
become due and be unpaid, to the payment of interest on the Securities of such series, in the
chronological order of the Maturity of the installments of such interest, with interest (to
the extent that such interest has been collected by the Trustee) upon the overdue installments
of interest at the rate borne by such Securities, such payments to be made ratably to the
Persons entitled thereto.

     Third: In case the principal of the Outstanding Securities of such series shall have
become due, by declaration or otherwise, to the payment of the whole amount then owing and
unpaid upon the Securities of such series for principal and premium, if any, and interest,
with interest on the overdue principal and premium, if any, and (to the extent that such
interest has been collected by the Trustee) upon overdue installments of interest at the rate
borne by the Securities of such series, and in case such moneys shall be insufficient to pay
in full the whole amounts so due and unpaid upon the Securities of such series, then to the
payment of such principal and premium, if any, and interest without preference or priority of
principal and premium, if any, over interest, or of interest over principal and premium, if
any, or of any installment of interest over any other installment of interest, or of any
Security of such series over any other Security of such series, ratably to the aggregate of
such principal and premium, if any, and accrued and unpaid interest.

Any surplus then remaining shall be paid to the Company or as directed by a court of competent
jurisdiction.

     Section 7.06 Control by Securityholders; Waiver of Past Defaults. The Holders of a
majority in principal amount of the Securities of any series at the time outstanding may direct the
time, method and place of conducting any proceeding for any remedy available to the Trustee
hereunder, or of exercising any trust or power hereby conferred upon the Trustee with respect to
the Securities of such series, provided, however, that, subject to the provisions of Sections 11.01
and 11.02, the Trustee shall have the right to decline to follow any such direction if the Trustee
being advised by counsel determines in good faith that the action so directed may not lawfully be
taken or

 

 

would be unduly prejudicial to Holders not joining in such direction or would involve the
Trustee in personal liability. Prior to any declaration accelerating the Maturity of the Securities
of any series, the Holders of a majority in aggregate principal amount of such series of Securities
at the time Outstanding may on behalf of the Holders of all of the Securities of such series waive
any past Default or Event of Default hereunder and its consequences except a Default in the payment
of interest or any premium on or the principal of the Securities of such series. Upon any such
waiver the Company, the Trustee and the Holders of the Securities of such series shall be restored
to their former positions and rights hereunder, respectively; but no such waiver shall extend to
any subsequent or other Default or Event of Default or impair any right consequent thereon.
Whenever any Default or Event of Default hereunder shall have been waived as permitted by this
Section 7.06, said Default or Event of Default shall for all purposes of the Securities of such
series and this Indenture be deemed to have been cured and to be not continuing.

     Section 7.07 Limitation on Suits. No Holder of any Security of any series shall have
any right to institute any action, suit or proceeding at law or in equity for the execution of any
trust hereunder or for the appointment of a receiver or for any other remedy hereunder, in each
case with respect to an Event of Default with respect to such series of Securities, unless such
Holder previously shall have given to the Trustee written notice of one or more of the Events of
Default herein specified with respect to such series of Securities, and unless also the Holders of
not less than a majority in principal amount of the Securities of such series then Outstanding
shall have requested the Trustee in writing to take action in respect of the matter complained of,
and unless also there shall have been offered to the Trustee security and indemnity satisfactory to
it against the costs, expenses and liabilities to be incurred therein or thereby, and the Trustee,
for 60 days after receipt of such notification, request and offer of indemnity, shall have
neglected or refused to institute any such action, suit or proceeding; and such notification,
request and offer of indemnity are hereby declared in every such case to be conditions precedent to
any such action, suit or proceeding by any Holder of any Security of such series; it being
understood and intended that no one or more of the Holders of Securities of such series shall have
any right in any manner whatsoever by his, her, its or their action to enforce any right hereunder,
except in the manner herein provided, and that every action, suit or proceeding at law or in equity
shall be instituted, had and maintained in the manner herein provided and for the equal benefit of
all Holders of the Outstanding Securities of such series; provided, however, that nothing in this
Indenture or in the Securities of such series shall affect or impair the obligation of the Company,
which is absolute and unconditional, to pay the principal of, premium, if any, and interest on the
Securities of such series to the respective Holders of such Securities at the respective due dates
in such Securities stated, or affect or impair the right, which is also absolute and unconditional,
of such Holders to institute suit to enforce the payment thereof.

     Section 7.08 Undertaking for Costs. All parties to this Indenture and each Holder of
any Security, by such Holder’s acceptance thereof, shall be deemed to have agreed that any court
may in its discretion require, in any action, suit or proceeding for the enforcement of any right
or remedy under this Indenture, or in any action, suit or proceeding against the Trustee for any
action taken or omitted by it as Trustee, the filing by any party litigant in such action, suit or
proceeding of an undertaking to pay the costs of such action, suit or proceeding, and that such
court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and
expenses, against any party litigant in such action, suit or proceeding, having due regard to the
merits and good faith of the claims or defenses made by such party litigant; provided, however,
that the provisions of this Section 7.08 shall not apply to any action, suit or proceeding
instituted by the Trustee, to any action, suit or proceeding instituted by any one or more Holders
of Securities holding in the aggregate more than 10% in principal amount of the Securities of any
series Outstanding, or to any action, suit or proceeding instituted by any Holder of Securities of
any series for the enforcement of the payment of the principal of or premium, if any, or the
interest on, any of the Securities of such series, on or after the respective due dates expressed
in such Securities.

     Section 7.09 Remedies Cumulative. No remedy herein conferred upon or reserved to the
Trustee or to the Holders of Securities of any series is intended to be exclusive of any other
remedy or remedies, and each and every remedy shall be cumulative and shall be in addition to every
other remedy given hereunder or now or hereafter existing at law or in equity or by statute. No
delay or omission of the Trustee or of any Holder of the Securities of any series to exercise any
right or power accruing upon any Default or Event of Default shall impair any such right or power
or shall be construed to be a waiver of any such Default or Event of Default or an acquiescence
therein; and every power and remedy given by this Article VII to the Trustee and to the Holders of
Securities of any series, respectively, may be exercised from time to time and as often as may be
deemed expedient by the Trustee or by the Holders of Securities of such series, as the case may be.
In case the Trustee or any Holder of Securities of any series shall have proceeded to enforce any
right under this Indenture and the proceedings for the enforcement thereof shall

 

 

have been discontinued or abandoned because of waiver or for any other reason or shall have
been adjudicated adversely to the Trustee or to such Holder of Securities, then and in every such
case the Company, the Trustee and the Holders of the Securities of such series shall severally and
respectively be restored to their former positions and rights hereunder, and thereafter all rights,
remedies and powers of the Trustee and the Holders of the Securities of such series shall continue
as though no such proceedings had been taken, except as to any matters so waived or adjudicated.

ARTICLE VIII

CONCERNING THE SECURITYHOLDERS 

     Section 8.01 Evidence of Action of Securityholders. Whenever in this Indenture it is
provided that the Holders of a specified percentage or a majority in aggregate principal amount of
the Securities or of any series of Securities 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 or
majority have joined therein may be evidenced by (a) any instrument or any number of instruments of
similar tenor executed by Securityholders in person, by an agent or by a proxy appointed in
writing, including through an electronic system for tabulating consents operated by the Depositary
for such series or otherwise (such action becoming effective, except as herein otherwise expressly
provided, when such instruments or evidence of electronic consents are delivered to the Trustee
and, where it is hereby expressly required, to the Company), or (b) by the record of the Holders of
Securities voting in favor thereof at any meeting of Securityholders duly called and held in
accordance with the provisions of Article IX, or (c) by a combination of such instrument or
instruments and any such record of such a meeting of Securityholders.

     Section 8.02 Proof of Execution or Holding of Securities. Proof of the execution of
any instrument by a Securityholder or his, her or its agent or proxy and proof of the holding by
any Person of any of the Securities shall be sufficient if made in the following manner:

     (a) The fact and date of the execution by any Person of any such instrument may be proved
(i) by the certificate of any notary public or other officer in any jurisdiction who, by the
laws thereof, has power to take acknowledgments or proof of deeds to be recorded within such
jurisdiction, that the Person who signed such instrument did acknowledge before such notary
public or other officer the execution thereof, (ii) by the affidavit of a witness of such
execution sworn to before any such notary or other officer or (iii) in such other reasonable
manner acceptable to the Trustee. Where such execution is by a Person acting in other than his
or her individual capacity, such certificate or affidavit shall also constitute sufficient
proof of his or her authority.

     (b) The ownership of Securities of any series shall be proved by the Register of such
Securities or by a certificate of the Registrar for such series.

     (c) The record of any Holders’ meeting shall be proved in the manner provided in
Section 9.06.

     (d) The Trustee may require such additional proof of any matter referred to in this
Section 8.02 as it shall deem appropriate or necessary, so long as the request is a reasonable
one.

     (e) If the Company shall solicit from the Holders of Securities of any series any action,
the Company may, at its option fix in advance a record date for the determination of Holders
of Securities entitled to take such action, but the Company shall have no obligation to do so.
Any such record date shall be fixed at the Company’s discretion. If such a record date is
fixed, such action may be sought or given before or after the record date, but only the
Holders of Securities of record at the close of business on such record date shall be deemed
to be Holders of Securities for the purpose of determining whether Holders of the requisite
proportion of Outstanding Securities of such series have authorized or agreed or consented to
such action, and for that purpose the Outstanding Securities of such series shall be computed
as of such record date.

     Section 8.03 Persons Deemed Owners.

     (a) The Company, the Trustee and any agent of the Company or the Trustee may treat the
Person in whose name any Security is registered as the owner of such Security for the purpose
of receiving payment of principal of and premium, if any, and (subject to Section 3.08)
interest, if any, on, such Security and for all other purposes whatsoever, whether or not 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 payments made to any Holder, or upon his, her or its order, shall be valid, and, to the
extent of the sum or sums paid, effectual to satisfy and discharge the liability for moneys
payable upon such Security.

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

     Section 8.04 Effect of Consents. After an amendment, supplement, waiver or other
action becomes effective as to any series of Securities, a consent to it by a Holder of such series
of Securities is a continuing consent conclusive and binding upon such Holder and every subsequent
Holder of the same Securities or portion thereof, and of any Security issued upon the transfer
thereof or in exchange therefor or in place thereof, even if notation of the consent is not made on
any such Security. An amendment, supplement or waiver becomes effective in accordance with its
terms and thereafter binds every Holder.

ARTICLE IX

SECURITYHOLDERS’ MEETINGS 

     Section 9.01 Purposes of Meetings. A meeting of Securityholders of any or all series
may be called at any time and from time to time pursuant to the provisions of this Article IX for
any of the following purposes:

     (a) to give any notice to the Company or to the Trustee, or to give any directions to the
Trustee, or to consent to the waiving of any Default or Event of Default hereunder and its
consequences, or to take any other action authorized to be taken by Securityholders pursuant
to any of the provisions of Article VIII;

     (b) to remove the Trustee and nominate a successor trustee pursuant to the provisions of
Article XI;

     (c) to consent to the execution of an Indenture or of indentures supplemental hereto
pursuant to the provisions of Section 14.02; or

     (d) to take any other action authorized to be taken by or on behalf of the Holders of any
specified aggregate principal amount of the Securities of any one or more or all series, as
the case may be, under any other provision of this Indenture or under applicable law.

     Section 9.02 Call of Meetings by Trustee. The Trustee may at any time call a meeting
of all Securityholders of all series that may be affected by the action proposed to be taken, to
take any action specified in Section 9.01, to be held at such time and at such place in New York,
New York or in Atlanta, Georgia. Notice of every meeting of the Securityholders of a series,
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 mailed to Holders of Securities of such series at their addresses
as they shall appear on the Register of the Company. Such notice shall be mailed not less than 20
nor more than 180 days prior to the date fixed for the meeting.

     Section 9.03 Call of Meetings by Company or Securityholders. In case at any time the
Company or the Holders of at least 10% in aggregate principal amount of the Securities of a series
(or of all series, as the case may be) then Outstanding that may be affected by the action proposed
to be taken, shall have requested the Trustee to call a meeting of Securityholders of such series
(or of all series), by written request setting forth in reasonable detail the action proposed to be
taken at the meeting, and the Trustee shall not have mailed the notice of such meeting within 20
days after receipt of such request, then the Company or such Securityholders may determine the time
and the place for such meeting and may call such meeting to take any action authorized in
Section 9.01, by mailing notice thereof as provided in Section 9.02.

     Section 9.04 Qualifications for Voting. To be entitled to vote at any meeting of
Securityholders, a Person shall (a) be a Holder of one or more Securities affected by the action
proposed to be taken at the meeting or (b) be a Person appointed by an instrument in writing as
proxy by a Holder of one or more such Securities. The only Persons who shall be entitled to be
present or to speak at any meeting of Securityholders 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 9.05 Regulation of Meetings.

     (a) Notwithstanding any other provisions of this Indenture, the Trustee may make such
reasonable regulations as it may deem advisable for any meeting of Securityholders, 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 deem fit.

     (b) 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 Securityholders as
provided in Section 9.03, in which case the Company or the Securityholders calling the
meeting, as the case may be, shall in like manner appoint a temporary chair. A permanent
chairman and a permanent secretary of the meeting shall be elected by majority vote of the
meeting.

     (c) At any meeting of Securityholders of a series, each Securityholder of such series of
such Securityholder’s proxy shall be entitled to one vote for each $1,000 principal amount of
Securities of such series Outstanding held or represented by him; provided, however, that no
vote shall be cast or counted at any meeting in respect of any 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 of such series held
by him or her or instruments in writing as aforesaid duly designating him or her as the Person
to vote on behalf of other Securityholders. At any meeting of the Securityholders duly called
pursuant to the provisions of Section 9.02 or 9.03 the presence of Persons holding or
representing Securities in an aggregate principal amount sufficient to take action upon the
business for the transaction of which such meeting was called shall be necessary to constitute
a quorum, and any such meeting may be adjourned from time to time by a majority of those
present, whether or not constituting a quorum, and the meeting may be held as so adjourned
without further notice. In the absence of a quorum within 30 minutes of the time appointed
for any such meeting, the meeting shall, if convened at the request of holders of Securities
of such series, be dissolved. In any other case, the meeting may be adjourned for a period
determined by the chairman of the meeting prior to the adjournment of such meeting. In the
absence of a quorum at any such adjourned meeting, such adjourned meeting may be further
adjourned for a period determined by the chairman of the meeting prior to the adjournment of
such adjourned meeting. Notice of the reconvening of any adjourned meeting shall be given as
provided in Section 9.02 hereof, except that such notice need be given only once and not less
than five days prior to the date on which the meeting is scheduled to be reconvened.

     Section 9.06 Voting. The vote upon any resolution submitted to any meeting of
Securityholders of a series shall be by written ballots on which shall be subscribed the signatures
of the Holders of Securities of such series or of their representatives by proxy and the principal
amounts of the Securities of such series 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 Securityholders 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 9.02. The record shall show the principal amounts of 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.

     Section 9.07 No Delay of Rights by Meeting. Nothing contained in this Article IX shall
be deemed or construed to authorize or permit, by reason of any call of a meeting of
Securityholders of any series 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 Securityholders of such series under any of the provisions of this Indenture
or of the Securities of such series.

 

 

ARTICLE X

REPORTS BY THE COMPANY AND THE TRUSTEE AND 

SECURITYHOLDERS’ LISTS 

     Section 10.01 Reports by Trustee.

     (a) So long as any Securities are outstanding, the Trustee shall transmit to Holders such
reports concerning the Trustee and its actions under this Indenture as may be required
pursuant to the Trust Indenture Act at the times and in the manner provided therein.

     (b) The Trustee shall, at the time of the transmission to the Holders of Securities of
any report pursuant to the provisions of this Section 10.01, file a copy of such report with
each stock exchange upon which the Securities are listed, if any, and also with the SEC in
respect of a Security listed and registered on a national securities exchange, if any. The
Company agrees to notify the Trustee when, as and if the Securities become listed on any stock
exchange.

     The Company will reimburse the Trustee for all expenses incurred in the preparation and
transmission of any report pursuant to the provisions of this Section 10.01 and of Section 10.02.

     Section 10.02 Reports by the Company. The Company shall file with the Trustee and the
SEC, and transmit to Holders, such information, documents and other reports, and such summaries
thereof, as may be required pursuant to the Trust Indenture Act at the times and in the manner
provided in the Trust Indenture Act; provided that, unless available on EDGAR, any such
information, documents or reports required to be filed with the SEC pursuant to Section 13 or 15(d)
of the Exchange Act shall be filed with the Trustee within 30 days after the same is filed with the
SEC; and provided further, that the filing of the reports specified in Section 13 or 15(d) of the
Exchange Act by an entity that is the direct or indirect parent of the Company will satisfy the
requirements of this Section 10.02 so long as such entity is an obligor or guarantor on the
Securities; and provided further that the reports of such entity will not be required to include
condensed consolidating financial information for the Company in a footnote to the financial
statements of such entity. Notwithstanding the foregoing, the Company shall not be required to
deliver to the Trustee any information or documents for which the Company has requested and
received confidential treatment by the SEC.

     Section 10.03 Securityholders’ Lists. The Company covenants and agrees that it will
furnish or cause to be furnished to the Trustee:

     (a) semi-annually, within 15 days after each Record Date, but in any event not less
frequently than semi-annually, a list in such form as the Trustee may reasonably require of
the names and addresses of the Holders of Securities to which such Record Date applies, as of
such Record Date, and

     (b) at such other times as the Trustee may request in writing, within 30 days after
receipt by the Company of any such request, a list of similar form and content as of a date
not more than 15 days prior to the time such list is furnished; provided, however, that so
long as the Trustee shall be the Registrar, such lists shall not be required to be furnished.

ARTICLE XI

CONCERNING THE TRUSTEE 

     Section 11.01 Rights of Trustees; Compensation and Indemnity. The Trustee accepts the
trusts created by this Indenture upon the terms and conditions hereof, including the following, to
all of which the parties hereto and the Holders from time to time of the Securities agree:

     (a) The Trustee shall be entitled to such compensation as the Company and the Trustee
shall from time to time agree in writing for all services rendered by it hereunder (including
in any agent capacity in which it acts). The compensation of the Trustee shall not be limited
by any provision of law in regard to the compensation of a trustee of an express trust. The
Company shall reimburse the Trustee promptly upon its request for all reasonable out-of-pocket
expenses, disbursements and advances incurred or made by the Trustee (including the reasonable
expenses and disbursements of its agents and counsel), except any such expense, disbursement
or advance as may be attributable to its negligence, bad faith or willful misconduct.

 

 

     The Company also agrees to indemnify each of the Trustee and any predecessor Trustee hereunder
for, and to hold it harmless against, any and all loss, liability, damage, claim, or expense
incurred without its own negligence, bad faith or willful misconduct, arising out of or in
connection with the acceptance or administration of the trust or trusts hereunder and the
performance of its duties (including in any agent capacity in which it acts), as well as the costs
and expenses of defending itself against any claim or liability in connection with the exercise or
performance of any of its powers or duties hereunder, except those attributable to its negligence,
willful misconduct or bad faith. The Trustee shall notify the Company promptly of any claim for
which it may seek indemnity. The Company shall defend the claim and the Trustee shall cooperate in
the defense. The Trustee may have one separate counsel and the Company shall pay the reasonable
fees and expenses of such counsel. The Company need not pay for any settlement made without its
consent, which consent shall not be unreasonably withheld.

     As security for the performance of the obligations of the Company under this Section 11.01(a),
the Trustee shall have a lien upon all property and funds held or collected by the Trustee as such,
except funds held in trust by the Trustee to pay principal of and interest on any Securities.
Notwithstanding any provisions of this Indenture to the contrary, the obligations of the Company to
compensate and indemnify the Trustee under this Section 11.01(a) shall survive the resignation or
removal of the Trustee and any satisfaction and discharge under Article XII. When the Trustee
incurs expenses or renders services after an Event of Default specified in clause (e) or (f) of
Section 7.01 occurs, the expenses and compensation for the services are intended to constitute
expenses of administration under any applicable federal or state bankruptcy, insolvency or similar
laws.

     (b) The Trustee may execute any of the trusts or powers hereof and perform any duty
hereunder either directly or by its agents and attorneys and shall not be responsible for any
misconduct or negligence on the part of any agent or attorney appointed with due care by it
hereunder.

     (c) The Trustee shall not be responsible in any manner whatsoever for the correctness of
the recitals herein or in the Securities (except its certificates of authentication thereon)
contained, all of which are made solely by the Company; and the Trustee shall not be
responsible or accountable in any manner whatsoever for or with respect to the validity or
execution or sufficiency of this Indenture or of the Securities (except its certificates of
authentication thereon), and the Trustee makes no representation with respect thereto, except
that the Trustee represents that it is duly authorized to execute and deliver this Indenture,
authenticate the Securities and perform its obligations hereunder and that the statements made
by it in a Statement of Eligibility on Form T-1 supplied to the Company are true and accurate,
subject to the qualifications set forth therein. The Trustee shall not be accountable for the
use or application by the Company of any Securities, or the proceeds of any Securities,
authenticated and delivered by the Trustee in conformity with the provisions of this
Indenture.

     (d) The Trustee may consult with counsel of its selection, and, to the extent permitted
by Section 11.02, any Opinion of Counsel shall be full and complete authorization and
protection in respect of any action taken or suffered by the Trustee hereunder in good faith
and in accordance with such Opinion of Counsel.

     (e) The Trustee, to the extent permitted by Section 11.02, may rely upon the certificate
of the Secretary or one of the Assistant Secretaries of the Company as to the adoption of any
Board Resolution or resolution of the stockholders of the Company, and any request, direction,
order or demand of the Company mentioned herein shall be sufficiently evidenced by, and
whenever in the administration of this Indenture the Trustee shall deem it desirable that a
matter be proved or established prior to taking, suffering or omitting any action hereunder,
the Trustee may rely upon, an Officer’s Certificate of the Company (unless other evidence in
respect thereof be herein specifically prescribed).

     (f) Subject to Section 11.04, the Trustee or any agent of the Trustee, in its individual
or any other capacity, may become the owner or pledgee of Securities and, subject to Sections
310(b) and 311 of the Trust Indenture Act, may otherwise deal with the Company with the same
rights it would have had if it were not the Trustee or such agent.

     (g) Money held by the Trustee in trust hereunder need not be segregated from other funds
except to the extent required by law. The Trustee shall be under no liability for interest on
any money received by it hereunder except as otherwise agreed in writing with the Company.

     (h) Any action taken by the Trustee pursuant to any provision hereof at the request or
with the consent of any Person who at the time is the Holder of any Security shall be
conclusive and binding in respect of such Security upon all future Holders thereof or of any
Security or Securities which may be issued for or in lieu

 

 

thereof in whole or in part, whether or not such Security shall have noted thereon the
fact that such request or consent had been made or given.

     (i) Subject to the provisions of Section 11.02, the Trustee may conclusively rely and
shall be protected in acting or refraining from acting upon any resolution, certificate,
statement, instrument, opinion, report, notice, request, consent, order, approval, bond,
debenture or other paper or document believed by it to be genuine and to have been signed or
presented by the proper party or parties.

     (j) Subject to the provisions of Section 11.02, the Trustee shall not be under any
obligation to exercise any of the rights or powers vested in it by this Indenture at the
request, order or direction of any of the Holders of the Securities, pursuant to any provision
of this Indenture, unless one or more of the Holders of the Securities shall have offered to
the Trustee security or indemnity satisfactory to it against the costs, expenses and
liabilities which may be incurred by it therein or thereby.

     (k) Subject to the provisions of Section 11.02, 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 its
discretion or within the rights or powers conferred upon it by this Indenture.

     (l) Subject to the provisions of Section 11.02, the Trustee shall not be deemed to have
knowledge or notice of any Default or Event of Default unless a Responsible Officer of the
Trustee has actual knowledge thereof or unless the Holders of not less than 25% of the
Outstanding Securities notify the Trustee thereof.

     (m) Subject to the provisions of the first paragraph of Section 11.02, 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, may, but shall not be required to, make further inquiry or investigation into
such facts or matters as it may see fit.

     (n) 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.

     Section 11.02 Duties of Trustee.

     (a) If one or more of the Events of Default specified in Section 7.01 with respect to the
Securities of any series shall have happened, then, during the continuance thereof, the
Trustee shall, with respect to such Securities, exercise such of the rights and powers vested
in it by this Indenture, and shall use the same degree of care and skill in their exercise, as
a prudent person would exercise or use under the circumstances in the conduct of such person’s
own affairs.

     (b) None of the provisions of this Indenture shall be construed as relieving the Trustee
from liability for its own negligent action, its own negligent action, negligent failure to
act, or its own willful misconduct, except that, anything in this Indenture contained to the
contrary notwithstanding,

     (i) unless and until an Event of Default specified in Section 7.01 with respect to
the Securities of any series shall have happened which at the time is continuing,

     (A) the Trustee undertakes to perform such duties and only such duties with
respect to the Securities of that series as are specifically set out in this
Indenture, and no implied covenants or obligations shall be read into this
Indenture against the Trustee, whose duties and obligations shall be determined
solely by the express provisions of this Indenture; and

     (B) the Trustee may conclusively rely, as to the truth of the statements and
the correctness of the opinions expressed therein, in the absence of bad faith on
the part of the Trustee, upon certificates and opinions furnished to it pursuant to
the express provisions of this Indenture; but in the case of any such certificates
or opinions which, by the provisions of this Indenture, 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
(but need not confirm or investigate the accuracy of mathematical calculations or
other facts, statements, opinions or conclusions stated therein);

 

 

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

     (iii) the Trustee shall not be liable to any Holder of Securities or to any other
Person with respect to any action taken or omitted to be taken by it in good faith, in
accordance with the direction of Securityholders given as provided in Section 7.06,
relating to the time, method and place of conducting any proceeding for any remedy
available to it or exercising any trust or power conferred upon it by this Indenture.

     (c) None of the provisions of this Indenture shall require the Trustee to expend or risk
its own funds or otherwise to incur any financial liability in the performance of any of its
duties hereunder, or in the exercise of any of its rights or powers, if it shall have
reasonable grounds for believing that repayment of such funds or adequate indemnity against
such risk or liability is not reasonably assured to it.

     (d) Whether or not therein expressly so provided, every provision of this Indenture
relating to the conduct or affecting the liability of or affording protection to the Trustee
shall be subject to the provisions of this Section 11.02.

     Section 11.03 Notice of Defaults. Within 90 days after the occurrence thereof, and if
known to the Trustee, the Trustee shall give to the Holders of the Securities of a series notice of
each Default or Event of Default with respect to the Securities of such series known to the
Trustee, by transmitting such notice to Holders at their addresses as the same shall then appear on
the Register of the Company, unless such Default shall have been cured or waived before the giving
of such notice (the term “Default” being hereby defined to be the events specified in Section 7.01,
which are, or after notice or lapse of time or both would become, Events of Default as defined in
said Section). Except in the case of a Default or Event of Default in payment of the principal of,
premium, if any, or interest on any of the Securities of such series when and as the same shall
become payable, or to make any sinking fund payment as to Securities of the same series, the
Trustee shall be protected in withholding such notice, if and so long as a Responsible Officer or
Responsible Officers of the Trustee in good faith determines that the withholding of such notice is
in the interests of the Holders of the Securities of such series.

     Section 11.04 Eligibility; Disqualification.

     (a) The Trustee shall at all times satisfy the requirements of TIA Section 310(a). The
Trustee shall have a combined capital and surplus of at least $50 million as set forth in its
most recent published annual report of condition, and shall have a Corporate Trust Office. If
at any time the Trustee shall cease to be eligible in accordance with the provisions of this
Section 11.04, it shall resign immediately in the manner and with the effect hereinafter
specified in this Article.

     (b) The Trustee shall comply with TIA Section 310(b); provided, however, that there shall
be excluded from the operation of TIA Section 310(b)(i) any indenture or indentures under
which other securities or certificates of interest or participation in other securities of the
Company are outstanding if the requirements for such exclusion set forth in TIA
Section 310(b)(i) are met. If the Trustee has or shall acquire a conflicting interest within
the meaning of Section 310(b) of the Trust Indenture Act, the Trustee shall either eliminate
such interest or resign, to the extent and in the manner provided by, and subject to the
provisions of, the Trust Indenture Act and this Indenture. If Section 310(b) of the Trust
Indenture Act is amended any time after the date of this Indenture to change the circumstances
under which a Trustee shall be deemed to have a conflicting interest with respect to the
Securities of any series or to change any of the definitions in connection therewith, this
Section 11.04 shall be automatically amended to incorporate such changes.

     Section 11.05 Registration and Notice; Removal. The Trustee, or any successor to it
hereafter appointed, may at any time resign and be discharged of the trusts hereby created with
respect to any one or more or all series of Securities by giving to the Company notice in writing.
Such resignation shall take effect upon the appointment of a successor Trustee and the acceptance
of such appointment by such successor Trustee. Any Trustee hereunder may be removed with respect to
any series of Securities at any time by the filing with such Trustee and the delivery to the
Company of an instrument or instruments in writing signed by the Holders of a majority in principal
amount of the Securities of such series then Outstanding, specifying such removal and the date when
it shall become effective.

 

 

     If at any time:

     (1) the Trustee shall fail to comply with the provisions of TIA Section 310(b) after written
request therefor by the Company or by any Holder who has been a bona fide Holder of a Security for
at least six months, or

     (2) the Trustee shall cease to be eligible under Section 11.04 and shall fail to resign after
written request therefor by the Company or by any Holder who has been a bona fide Holder of a
Security for at least six months, or

     (3) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent
or a receiver of the Trustee or of its property shall be appointed or any public officer shall take
charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation,
conservation or liquidation, then, in any such case, (i) the Company by written notice to the
Trustee may remove the Trustee and appoint a successor Trustee with respect to all Securities, or
(ii) subject to TIA Section 315(e), any Securityholder who has been a bona fide Holder of a
Security for at least six months may, on behalf of himself and all others similarly situated,
petition any court of competent jurisdiction for the removal of the Trustee with respect to all
Securities and the appointment of a successor Trustee or Trustees.

     Upon its resignation or removal, any Trustee shall be entitled to the payment of reasonable
compensation for the services rendered hereunder by such Trustee and to the payment of all
reasonable expenses incurred hereunder and all moneys then due to it hereunder. The Trustee’s
rights to indemnification provided in Section 11.01(a) shall survive its resignation or removal.

     Section 11.06 Successor Trustee by Appointment.

     (a) In case at any time the Trustee shall resign, or shall be removed (unless the Trustee
shall be removed as provided in Section 11.04(b), in which event the vacancy shall be filled
as provided in said subdivision), or shall become incapable of acting, or shall be adjudged
bankrupt or insolvent, or if a receiver of the Trustee or of its property shall be appointed,
or if 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 with respect to the
Securities of one or more series, a successor Trustee with respect to the Securities of that
or those series (it being understood that any such successor Trustee may be appointed with
respect to the Securities of one or more or all of such series and that at any time there
shall be only one Trustee with respect to the Securities of any series) may be appointed by
the Holders of a majority in principal amount of the Securities of that or those series then
Outstanding, by an instrument or instruments in writing signed in duplicate by such Holders
and filed, one original thereof with the Company and the other with the successor Trustee;
but, until a successor Trustee shall have been so appointed by the Holders of Securities of
that or those series as herein authorized, the Company, or, in case all or substantially all
the assets of the Company shall be in the possession of one or more custodians or receivers
lawfully appointed, or of trustees in bankruptcy or reorganization proceedings (including a
trustee or trustees appointed under the provisions of the federal bankruptcy laws, as now or
hereafter constituted), or of assignees for the benefit of creditors, such receivers,
custodians, trustees or assignees, as the case may be, by an instrument in writing, shall
appoint a successor Trustee with respect to the Securities of such series. Subject to the
provisions of Sections 11.04 and 11.05, upon the appointment as aforesaid of a successor
Trustee with respect to the Securities of any series, the Trustee with respect to the
Securities of such series shall cease to be Trustee hereunder. After any such appointment
other than by the Holders of Securities of that or those series, the Person making such
appointment shall forthwith cause notice thereof to be mailed to the Holders of Securities of
such series at their addresses as the same shall then appear on the Register of the Company
but any successor Trustee with respect to the Securities of such series so appointed shall,
immediately and without further act, be superseded by a successor Trustee appointed by the
Holders of Securities of such series in the manner above prescribed, if such appointment be
made prior to the expiration of one year from the date of the mailing of such notice by the
Company, or by such receivers, trustees or assignees.

     (b) If any Trustee with respect to the Securities of one or more series shall resign or
be removed and a successor Trustee shall not have been appointed by the Company or by the
Holders of the Securities of such series or, if any successor Trustee so appointed shall not
have accepted its appointment within 30 days after such appointment shall have been made, the
resigning Trustee at the expense of the Company may apply to any court of competent
jurisdiction for the appointment of a successor Trustee. If in any other case a successor
Trustee shall not be appointed pursuant to the foregoing provisions of this Section 11.06
within three months after such appointment might have been made hereunder, the Holder of any
Security of the applicable series or any retiring Trustee at the expense of the Company may
apply to any court of competent jurisdiction to

 

 

appoint a successor Trustee. Such court may thereupon, in any such case, after such
notice, if any, as such court may deem proper and prescribe, appoint a successor Trustee.

     (c) Any successor Trustee appointed hereunder with respect to the Securities of one or
more series shall execute, acknowledge and deliver to its predecessor Trustee and to the
Company, or to the receivers, trustees, assignees or court appointing it, as the case may be,
an instrument accepting such appointment hereunder, and thereupon such successor Trustee,
without any further act, deed or conveyance, shall become vested with all the authority,
rights, powers, trusts, immunities, duties and obligations with respect to such series of such
predecessor Trustee with like effect as if originally named as Trustee hereunder, and such
predecessor Trustee, upon payment of its charges and disbursements then unpaid, shall
thereupon become obligated to pay over, and such successor Trustee shall be entitled to
receive, all moneys and properties held by such predecessor Trustee as Trustee hereunder,
subject nevertheless to its lien provided for in Section 11.01(a). Nevertheless, on the
written request of the Company or of the successor Trustee or of the Holders of at least 10%
in principal amount of the Securities of such series then Outstanding, such predecessor
Trustee, upon payment of its said charges and disbursements, shall execute and deliver an
instrument transferring to such successor Trustee upon the trusts herein expressed all the
rights, powers and trusts of such predecessor Trustee and shall assign, transfer and deliver
to the successor Trustee all moneys and properties held by such predecessor Trustee, subject
nevertheless to its lien provided for in Section 11.01(a); and, upon request of any such
successor Trustee and the Company shall make, execute, acknowledge and deliver any and all
instruments in writing for more fully and effectually vesting in and confirming to such
successor Trustee all such authority, rights, powers, trusts, immunities, duties and
obligations.

     Section 11.07 Successor Trustee by Merger. Any Person into which the Trustee or any
successor to it in the trusts created by this Indenture shall be merged or converted, or any Person
with which it or any successor to it shall be consolidated, or any Person resulting from any
merger, conversion or consolidation to which the Trustee or any such successor to it shall be a
party, or any Person to which the Trustee or any successor to it shall sell or otherwise transfer
all or substantially all of the corporate trust business of the Trustee, shall be the successor
Trustee under this Indenture without the execution or filing of any paper or any further act on the
part of any of the parties hereto; provided that such Person shall be otherwise qualified and
eligible under this Article. In case at the time such successor to the Trustee shall succeed to the
trusts created by this Indenture with respect to one or more series of Securities, any of such
Securities shall have been authenticated but not delivered by the Trustee then in office, any
successor to such 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 certificates shall have the full force which it is anywhere in the Securities or in this
Indenture provided that the certificate of the Trustee shall have; provided, however, that the
right to adopt the certificate of authentication of any predecessor Trustee or authenticate
Securities in the name of any predecessor Trustee shall apply only to its successor or successors
by merger, conversion or consolidation.

     Section 11.08 Right to Rely on Officer’s Certificate. Subject to Section 11.02, and
subject to the provisions of Section 16.01 with respect to the certificates required thereby,
whenever in the administration of the provisions of this Indenture the Trustee shall deem it
necessary or desirable that a matter be proved or established prior to taking or suffering any
action hereunder, such matter (unless other evidence in respect thereof be herein specifically
prescribed) may, in the absence of negligence, bad faith or willful misconduct on the part of the
Trustee, be deemed to be conclusively proved and established by an Officer’s Certificate with
respect thereto delivered to the Trustee, and such Officer’s Certificate, in the absence of
negligence, bad faith or willful misconduct on the part of the Trustee, shall be full warrant to
the Trustee for any action taken, suffered or omitted by it under the provisions of this Indenture
upon the faith thereof.

     Section 11.09 Appointment of Authenticating Agent. The Trustee may appoint an agent
(the “Authenticating Agent”) reasonably acceptable to the Company to authenticate the Securities,
and the Trustee shall give written notice of such appointment to all Holders of Securities of the
series with respect to which such Authenticating Agent will serve. Unless limited by the terms of
such appointment, any such Authenticating Agent may authenticate Securities whenever the Trustee
may do so. Each reference in this Indenture to authentication by the Trustee includes
authentication by the Authenticating Agent. Securities so authenticated shall be entitled to the
benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated
by the Trustee hereunder.

 

 

     Each Authenticating Agent shall at all times be a corporation organized and doing business and
in good standing under the laws of the United States, any State thereof or the District of
Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and
surplus of not less than $50,000,000 and subject to supervision or examination by Federal or State
authority. If such corporation publishes reports of condition at least annually, pursuant to law or
to the requirements of said supervising or examining authority, then for the purposes of this
Article XI, 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 an Authenticating Agent shall cease to be eligible in accordance with the provisions of this
Article XI, it shall resign immediately in the manner and with the effect specified in this Article
XI.

     Any corporation into which an Authenticating Agent may be merged or converted or with which it
may be consolidated, or any corporation resulting from any merger, conversion or consolidation to
which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate
agency or corporate trust business of an Authenticating Agent, shall continue to be an
Authenticating Agent, provided such corporation shall be otherwise eligible under this Article XI,
without the execution or filing of any paper or any further act on the part of the Trustee or the
Authenticating Agent. An Authenticating Agent may resign at any time by giving written notice
thereof to the Trustee and to the Company. The Trustee may at any time terminate the agency of an
Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the
Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any
time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this
Section 11.09, the Trustee may appoint a successor Authenticating Agent which shall be acceptable
to the Company and shall give written notice of such appointment to all Holders of Securities of
the series with respect to which such Authenticating Agent will serve. Any successor Authenticating
Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers
and duties of its predecessor hereunder, with like effect as if originally named as an
Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under
the provisions of this Section 11.09.

     The Trustee agrees to pay to each Authenticating Agent from time to time reasonable
compensation for its services under this Section 11.09, and the Trustee shall be entitled to be
reimbursed for such payments, subject to the provisions of Section 11.01.

     Section 11.10 Communications by Securityholders with Other Securityholders. Holders of
Securities may communicate pursuant to Section 312(b) of the Trust Indenture Act with other Holders
with respect to their rights under this Indenture or the Securities. The Company, the Trustee, the
Registrar and anyone else shall have the protection of Section 312(c) of the Trust Indenture Act
with respect to such communications.

ARTICLE XII

SATISFACTION AND DISCHARGE; DEFEASANCE 

     Section 12.01 Applicability of Article. If, pursuant to Section 3.01, provision is
made for the defeasance of Securities of a series and if the Securities of such series are
denominated and payable only in U.S. Dollars (except as provided pursuant to Section 3.01), then
the provisions of this Article shall be applicable except as otherwise specified pursuant to
Section 3.01 for Securities of such series. Defeasance provisions, if any, for Securities
denominated in a Foreign Currency may be specified pursuant to Section 3.01.

     Section 12.02 Satisfaction and Discharge of Indenture. This Indenture, with respect to
the Securities of any series (if all series issued under this Indenture are not to be affected),
shall, upon Company Order, cease to be of further effect (except as to any surviving rights of
registration of transfer or exchange of such Securities herein expressly provided for and rights to
receive payments of principal of and premium, if any, and interest on such Securities) and the
Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction
and discharge of this Indenture, when,

     (a) either:

     (i) all Securities of such series theretofore authenticated and delivered (other
than (A) Securities that have been destroyed, lost or stolen and that have been replaced
or paid as provided in Section 3.07 and (B) Securities for whose payment money has
theretofore been deposited in trust or segregated and

 

 

held in trust by the Company and thereafter repaid to the Company or discharged from
such trust, as provided in Section 6.03) have been delivered to the Trustee for
cancellation; or

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

     (A) have become due and payable, or

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

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

and in the case of (A), (B) or (C) above, has deposited or caused to be deposited with the Trustee
or Paying Agent as trust funds in trust for the purpose an amount in the Currency in which such
Securities are denominated (except as otherwise provided pursuant to Section 3.01) sufficient to
pay and discharge the entire Indebtedness on such Securities for principal and premium, if any, and
interest to the date of such deposit (in the case of Securities that have become due and payable)
or to the Stated Maturity or Redemption Date, as the case may be; provided, however, in the event a
petition for relief under federal bankruptcy laws, as now or hereafter constituted, or any other
applicable federal or state bankruptcy, insolvency or other similar law, is filed with respect to
the Company within 91 days after the deposit and the Trustee is required to return the moneys then
on deposit with the Trustee to the Company, the obligations of the Company under this Indenture
with respect to such Securities shall not be deemed terminated or discharged;

     (b) the Company has paid or caused to be paid all other sums payable hereunder by the
Company; and

     (c) the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of
Counsel each stating that all conditions precedent herein provided for relating to the
satisfaction and discharge of this Indenture with respect to such series have been complied
with. Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the
Company to the Trustee under Section 11.01 and, if money shall have been deposited with the
Trustee pursuant to subclause (B) of clause (a)(i) of this Section, the obligations of the
Trustee under Section 12.06 and the last paragraph of Section 6.03(e) shall survive.

     Section 12.03 Defeasance upon Deposit of Moneys or U.S. Government Obligations. At the
Company’s option, either (a) the Company shall be deemed to have been Discharged (as defined below)
from its obligations with respect to Securities of any series on the first day after the applicable
conditions set forth below have been satisfied or (b) the Company shall cease to be under any
obligation to comply with any term, provision or condition set forth in Section 6.04 with respect
to Securities of any series (and, if so specified pursuant to Section 3.01, any other restrictive
covenant added for the benefit of such series pursuant to Section 3.01) at any time after the
applicable conditions set forth below have been satisfied:

     (a) The Company shall have deposited or caused to be deposited irrevocably with the
Trustee as trust funds in trust, specifically pledged as security for, and dedicated solely
to, the benefit of the Holders of the Securities of such series (i) money in an amount, or
(ii) U.S. Government Obligations (as defined below) that through the payment of interest and
principal in respect thereof in accordance with their terms will provide, not later than one
day before the due date of any payment, money in an amount, or (iii) a combination of (i) and
(ii), sufficient to pay and discharge each installment of principal (including any mandatory
sinking fund payments) of and premium, if any, and interest on, the Outstanding Securities of
such series on the dates such installments of interest or principal and premium are due;

     (b) No Default with respect to the Securities of such series shall have occurred and be
continuing on the date of such deposit (other than a Default resulting from the borrowing of
funds and the grant of any related liens to be applied to such deposit); and

     (c) The Company shall have delivered to the Trustee an Opinion of Counsel to the effect
that Holders of the Securities of such series will not recognize income, gain or loss for U.S.
federal income tax purposes as a result of the Company’s exercise of its option under this
Section and will be subject to federal income tax on the same amounts and in the same manner
and at the same times as would have been the case if such action had not been exercised and,
in the case of the Securities of such series being Discharged accompanied by a ruling to that
effect received from or published by the Internal Revenue Service.

 

 

     “Discharged” means that the Company shall be deemed to have paid and discharged the entire
Indebtedness represented by, and obligations under, the Securities of such series and to have
satisfied all the obligations under this Indenture relating to the Securities of such series (and
the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the
same), except (A) the rights of Holders of Securities of such series to receive, from the trust
fund described in clause (a) above, payment of the principal of and premium, if any, and interest
on such Securities when such payments are due, (B) the Company’s obligations with respect to
Securities of such series under Sections 3.04, 3.06, 3.07, 6.02 and 12.06 and (C) the rights,
powers, trusts, duties and immunities of the Trustee hereunder.

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

     Section 12.04 Repayment to Company. The Trustee and any Paying Agent shall promptly
pay to the Company (or to its designee) upon Company Order any excess moneys or U.S. Government
Obligations held by them at any time. The provisions of the last paragraph of Section 6.03 shall
apply to any money held by the Trustee or any Paying Agent under this Article that remains
unclaimed for two years after the Maturity of any series of Securities for which money or U.S.
Government Obligations have been deposited pursuant to Section 12.03.

     Section 12.05 Indemnity for U.S. Government Obligations. The Company shall pay and
shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the
deposited U.S. Government Obligations or the principal or interest received on such U.S. Government
Obligations.

     Section 12.06 Application of Trust Money.

     (a) Subject to any applicable abandoned property law, neither the Trustee nor any other
paying agent shall be required to pay interest on any moneys deposited pursuant to the
provisions of this Indenture, except such as it shall agree with the Company in writing to pay
thereon. Any moneys so deposited for the payment of the principal of, or premium, if any, or
interest on the Securities of any series and remaining unclaimed for two years after the date
of the maturity of the Securities of such series or the date fixed for the redemption of all
the Securities of such series at the time outstanding, as the case may be, shall be repaid by
the Trustee or such other paying agent to the Company upon its written request and thereafter,
anything in this Indenture to the contrary notwithstanding, any rights of the Holders of
Securities of such series in respect of which such moneys shall have been deposited shall be
enforceable only against the Company, and all liability of the Trustee or such other paying
agent with respect to such moneys shall thereafter cease.

     (b) Subject to the provisions of the foregoing paragraph, any moneys which at any time
shall be deposited by the Company or on its behalf with the Trustee or any other paying agent
for the purpose of paying the principal of, premium, if any, and interest on any of the
Securities shall be and are hereby assigned, transferred and set over to the Trustee or such
other paying agent in trust for the respective Holders of the Securities for the purpose for
which such moneys shall have been deposited; but such moneys need not be segregated from other
funds except to the extent required by law.

     Section 12.07 Deposits of Non-U.S. Currencies. Notwithstanding the foregoing
provisions of this Article, if the Securities of any series are payable in a Currency other than
U.S. Dollars, the Currency or the nature of the government obligations to be deposited with the
Trustee or paying agent under the foregoing provisions of this Article shall be as set forth in the
Officer’s Certificate or established in the supplemental indenture under which the Securities of
such series are issued.

 

 

ARTICLE XIII

IMMUNITY OF CERTAIN PERSONS 

     Section 13.01 No Personal Liability. No recourse shall be had for the payment of the
principal of, or the premium, if any, or interest on, any Security or for any claim based thereon
or otherwise in respect thereof or of the Indebtedness represented thereby, or upon any obligation,
covenant or agreement of this Indenture, against any incorporator, stockholder, officer or
director, as such, past, present or future, of the Company or of any successor corporation, either
directly or through the Company or any successor corporation, whether by virtue of any
constitutional provision, statute or rule of law, or by the enforcement of any assessment or
penalty or otherwise; it being expressly agreed and understood that this Indenture and the
Securities are solely corporate obligations, and that no personal liability whatsoever shall attach
to, or be incurred by, any incorporator, stockholder, officer or director, as such, past, present
or future, of the Company or of any successor corporation, either directly or through the Company
or any successor corporation, because of the incurring of the Indebtedness hereby authorized or
under or by reason of any of the obligations, covenants, promises or agreements contained in this
Indenture or in any of the Securities, or to be implied herefrom or therefrom, and that all
liability, if any, of that character against every such incorporator, stockholder, officer and
director is, by the acceptance of the Securities and as a condition of, and as part of the
consideration for, the execution of this Indenture and the issue of the Securities expressly waived
and released.

ARTICLE XIV

SUPPLEMENTAL INDENTURES 

     Section 14.01 Without Consent of Securityholders. Except as otherwise provided as
contemplated by Section 3.01 with respect to any series of Securities, the Company and the Trustee,
at any time and from time to time, may enter into one or more indentures supplemental hereto, in
form satisfactory to the Trustee, for any one or more of or all the following purposes:

     (a) to add to the covenants and agreements of the Company, to be observed thereafter and
during the period, if any, in such supplemental indenture or indentures expressed, and to add
Events of Default, in each case for the protection or benefit of the Holders of all or any
series of the Securities (and if such covenants, agreements and Events of Default are to be
for the benefit of fewer than all series of Securities, stating that such covenants,
agreements and Events of Default are expressly being included for the benefit of such series
as shall be identified therein), or to surrender any right or power herein conferred upon the
Company;

     (b) to delete or modify any Events of Default with respect to all or any series of the
Securities, the form and terms of which are being established pursuant to such supplemental
indenture as permitted in Section 3.01 (and, if any such Event of Default is applicable to
fewer than all such series of the Securities, specifying the series to which such Event of
Default is applicable), and to specify the rights and remedies of the Trustee and the Holders
of such Securities in connection therewith;

     (c) to add to or change any of the provisions of this Indenture to provide, change or
eliminate any restrictions on the payment of principal of or premium, if any, on Securities;
provided that any such action shall not adversely affect the interests of the Holders of
Securities of any series in any material respect;

     (d) to change or eliminate any of the provisions of this Indenture; provided that any
such change or elimination shall become effective only when there is no Outstanding Security
of any series created prior to the execution of such supplemental indenture that is entitled
to the benefit of such provision and as to which such supplemental indenture would apply;

     (e) to evidence the succession of another corporation to the Company, or successive
successions, and the assumption by such successor of the covenants and obligations of the
Company contained in the Securities of one or more series and in this Indenture or any
supplemental indenture;

     (f) to evidence and provide for the acceptance of appointment hereunder by a successor
Trustee with respect to one or more series of Securities and to add to or change any of the
provisions of this Indenture as shall be necessary for or facilitate the administration of the
trusts hereunder by more than one Trustee, pursuant to the requirements of Section 11.06(c);

     (g) to secure any series of Securities;

 

 

     (h) to evidence any changes to this Indenture pursuant to Sections 11.05, 11.06 or 11.07
hereof as permitted by the terms thereof;

     (i) to cure or reform any ambiguity mistake, manifest error, omission, defect or
inconsistency, or to conform the text of any provision herein or in any indenture supplemental
hereto to any description thereof in the applicable section of a prospectus, prospectus
supplement or other offering document that was intended to be a verbatim recitation of a
provision of this Indenture of any indenture supplemental hereto;

     (j) to add to or change or eliminate any provision of this Indenture as shall be
necessary or desirable in accordance with any amendments to the Trust Indenture Act;

     (k) to add guarantors or co-obligors with respect to any series of Securities;

     (l) to make any change in any series of Securities that does not adversely affect in any
material respect the interests of the Holders of such Securities;

     (m) to provide for uncertificated securities in addition to certificated securities;

     (n) to supplement any of the provisions of this Indenture to such extent as shall be
necessary to permit or facilitate the defeasance and discharge of any series of Securities;
provided that any such action shall not adversely affect the interests of the Holders of
Securities of such series or any other series of Securities;

     (o) to prohibit the authentication and delivery of additional series of Securities; or

     (p) to establish the form and terms of Securities of any series as permitted in
Section 3.01, or to authorize the issuance of additional Securities of a series previously
authorized or to add to the conditions, limitations or restrictions on the authorized amount,
terms or purposes of issue, authentication or delivery of the Securities of any series, as
herein set forth, or other conditions, limitations or restrictions thereafter to be observed.

     Subject to the provisions of Section 14.03, the Trustee is authorized to join with the Company
in the execution of any such supplemental indenture, to make the further agreements and
stipulations which may be therein contained and to accept the conveyance, transfer, assignment,
mortgage or pledge of any property or assets thereunder.

     Any supplemental indenture authorized by the provisions of this Section 14.01 may be executed
by the Company and the Trustee without the consent of the Holders of any of the Securities at the
time Outstanding, notwithstanding any of the provisions of Section 14.02.

     Section 14.02 With Consent of Securityholders; Limitations.

     (a) With the consent of the Holders (evidenced as provided in Article VIII) of at least a
majority in aggregate principal amount of the Outstanding Securities of each series affected
by such supplemental indenture voting separately, the Company 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 provisions of
this Indenture or of modifying in any manner the rights of the Holders of the Securities of
such series to be affected; provided, however, that no such supplemental indenture shall,
without the consent of the Holder of each Outstanding Security of each such series affected
thereby,

     (i) extend the Stated Maturity of the principal of, or any installment of interest
on, any Security, or reduce the principal amount thereof or the interest thereon or any
premium payable upon redemption thereof, or extend the Stated Maturity of, or change the
Currency in which the principal of and premium, if any, or interest on such Security is
denominated or payable, or reduce the amount of the principal of an Original Issue
Discount Security that would be due and payable upon a declaration of acceleration of the
Maturity thereof pursuant to Section 7.02, or impair the right to institute suit for the
enforcement of any payment on or after the Stated Maturity thereof (or, in the case of
redemption, on or after the Redemption Date), or materially adversely affect the economic
terms of any right to convert or exchange any Security as may be provided pursuant to
Section 3.01; or

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

 

 

     (iii) modify any of the provisions of this Section, Section 7.06 or Section 6.06,
except to increase any such percentage or to provide that certain other provisions of
this Indenture cannot be modified or waived without the consent of the Holder of each
Outstanding Security affected thereby; provided, however, that this clause shall not be
deemed to require the consent of any Holder with respect to changes in the references to
“the Trustee” and concomitant changes in this Section and Section 6.06, or the deletion
of this proviso, in accordance with the requirements of Sections 11.06 and 14.01(f); or

     (iv) modify, without the written consent of the Trustee, the rights, duties or
immunities of the Trustee.

     (b) A supplemental indenture that changes or eliminates any 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.

     (c) It shall not be necessary for the consent of the Securityholders under this
Section 14.02 to approve the particular form of any proposed supplemental indenture, but it
shall be sufficient if such consent shall approve the substance thereof.

     (d) The Company may set a record date for purposes of determining the identity of the
Holders of each series of Securities entitled to give a written consent or waive compliance by
the Company as authorized or permitted by this Section. Such record date shall not be more
than 30 days prior to the first solicitation of such consent or waiver or the date of the most
recent list of Holders furnished to the Trustee prior to such solicitation pursuant to
Section 312 of the Trust Indenture Act.

     (e) Promptly after the execution by the Company and the Trustee of any supplemental
indenture pursuant to the provisions of this Section 14.02, the Company shall mail a notice,
setting forth in general terms the substance of such supplemental indenture, to the Holders of
Securities at their addresses as the same shall then appear in the Register of the Company.
Any failure of the Company to mail such notice, or any defect therein, shall not, however, in
any way impair or affect the validity of any such supplemental indenture.

     Section 14.03 Trustee Protected. Upon the request of the Company, accompanied by the
Officer’s Certificate and Opinion of Counsel required by Section 16.01 stating that the execution
of such supplemental indenture is authorized or permitted by this Indenture, and evidence
reasonably satisfactory to the Trustee of consent of the Holders if the supplemental indenture is
to be executed pursuant to Section 14.02, the Trustee shall join with the Company in the execution
of said supplemental indenture unless said 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 said supplemental indenture. The Trustee
shall be fully protected in relying upon such Officer’s Certificate and an Opinion of Counsel.

     Section 14.04 Effect of Execution of Supplemental Indenture. Upon the execution of any
supplemental indenture pursuant to the provisions of this Article XIV, this Indenture shall be
deemed to be modified and amended in accordance therewith and, except as herein otherwise expressly
provided, the respective rights, limitations of rights, obligations, duties and immunities under
this Indenture of the Trustee, the Company and the Holders of all of the Securities or of the
Securities of any series affected, as the case may be, shall thereafter be determined, exercised
and enforced hereunder subject in all respects to such modifications and amendments, and all the
terms and conditions of any such supplemental indenture shall be and be deemed to be part of the
terms and conditions of this Indenture for any and all purposes.

     Section 14.05 Notation on or Exchange of Securities. Securities of any series
authenticated and delivered after the execution of any supplemental indenture pursuant to the
provisions of this Article may bear a notation in the form approved by the Trustee as to any matter
provided for in such supplemental indenture. If the Company or the Trustee shall so determine, new
Securities so modified as to conform, in the opinion of the Trustee and the Board of Directors of
the Company, to any modification of this Indenture contained in any such supplemental indenture may
be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange
for the Securities then Outstanding in equal aggregate principal amounts, and such exchange shall
be made without cost to the Holders of the Securities.

 

 

     Section 14.06 Conformity with TIA. Every supplemental indenture executed pursuant to
the provisions of this Article shall conform to the requirements of the Trust Indenture Act as then
in effect.

ARTICLE XV

SUBORDINATION OF SECURITIES 

     Section 15.01 Agreement to Subordinate. In the event a series of Securities is
designated as subordinated pursuant to Section 3.01, and except as otherwise provided in a Company
Order or in one or more indentures supplemental hereto, the Company, for itself, its successors and
assigns, covenants and agrees, and each Holder of Securities of such series by his, her or its
acceptance thereof, likewise covenants and agrees, that the payment of the principal of (and
premium, if any) and interest, if any, on each and all of the Securities of such series is hereby
expressly subordinated, to the extent and in the manner hereinafter set forth, in right of payment
to the prior payment in full of all Senior Indebtedness. In the event a series of Securities is not
designated as subordinated pursuant to Section 3.01(s), this Article XV shall have no effect upon
the Securities.

     Section 15.02 Distribution on Dissolution, Liquidation and Reorganization; Subrogation of
Securities. Subject to Section 15.01, upon any distribution of assets of the Company upon any
dissolution, winding up, liquidation or reorganization of the Company, whether in bankruptcy,
insolvency, reorganization or receivership proceedings or upon an assignment for the benefit of
creditors or any other marshalling of the assets and liabilities of the Company or otherwise
(subject to the power of a court of competent jurisdiction to make other equitable provision
reflecting the rights conferred in this Indenture upon the Senior Indebtedness and the holders
thereof with respect to the Securities and the holders thereof by a lawful plan of reorganization
under applicable bankruptcy law):

     (a) the holders of all Senior Indebtedness shall be entitled to receive payment in full
of the principal thereof (and premium, if any) and interest due thereon before the Holders of
the Securities are entitled to receive any payment upon the principal (or premium, if any) or
interest, if any, on Indebtedness evidenced by the Securities; and

     (b) any payment or distribution of assets of the Company of any kind or character,
whether in cash, property or securities, to which the Holders of the Securities or the Trustee
would be entitled except for the provisions of this Article XV shall be paid by the
liquidation trustee or agent or other Person making such payment or distribution, whether a
trustee in bankruptcy, a receiver or liquidating trustee or otherwise, directly to the holders
of Senior Indebtedness or their representative or representatives or to the trustee or
trustees under any indenture under which any instruments evidencing any of such Senior
Indebtedness may have been issued, ratably according to the aggregate amounts remaining unpaid
on account of the principal of (and premium, if any) and interest on the Senior Indebtedness
held or represented by each, to the extent necessary to make payment in full of all Senior
Indebtedness remaining unpaid, after giving effect to any concurrent payment or distribution
to the holders of such Senior Indebtedness; and

     (c) in the event that, notwithstanding the foregoing, any payment or distribution of
assets of the Company of any kind or character, whether in cash, property or securities
prohibited by the foregoing, shall be received by the Trustee or the Holders of the Securities
before all Senior Indebtedness is paid in full, such payment or distribution shall be paid
over, upon written notice to a Responsible Officer of the Trustee, to the holder of such
Senior Indebtedness or his, her or its representative or representatives or to the trustee or
trustees under any indenture under which any instrument evidencing any of such Senior
Indebtedness may have been issued, ratably as aforesaid, as calculated by the Company, for
application to payment of all Senior Indebtedness remaining unpaid until all such Senior
Indebtedness shall have been paid in full, after giving effect to any concurrent payment or
distribution to the holders of such Senior Indebtedness.

     (d) Subject to the payment in full of all Senior Indebtedness, the Holders of the
Securities shall be subrogated to the rights of the holders of Senior Indebtedness (to the
extent that distributions otherwise payable to such holder have been applied to the payment of
Senior Indebtedness) to receive payments or distributions of cash, property or securities of
the Company applicable to Senior Indebtedness until the principal of (and premium, if any) and
interest, if any, on the Securities shall be paid in full and no such payments or
distributions to the Holders of the Securities of cash, property or securities otherwise
distributable to the holders of Senior Indebtedness shall, as between the Company, its
creditors other than the holders of Senior Indebtedness, and the Holders of the Securities be
deemed to be a payment by the Company to or on account of the Securities. It is understood
that the provisions of this Article XV are and are intended solely for

 

 

the purpose of defining the relative rights of the Holders of the Securities, on the one
hand, and the holders of the Senior Indebtedness, on the other hand. Nothing contained in this
Article XV or elsewhere in this Indenture or in the Securities is intended to or shall impair,
as between the Company, its creditors other than the holders of Senior Indebtedness, and the
Holders of the Securities, the obligation of the Company, which is unconditional and absolute,
to pay to the Holders of the Securities the principal of (and premium, if any) and interest,
if any, on the Securities as and when the same shall become due and payable in accordance with
their terms, or to affect the relative rights of the Holders of the Securities and creditors
of the Company other than the holders of Senior Indebtedness, nor shall anything herein or in
the Securities prevent the Trustee or the Holder of any Security from exercising all remedies
otherwise permitted by applicable law upon default under this Indenture, subject to the
rights, if any, under this Article XV of the holders of Senior Indebtedness in respect of
cash, property or securities of the Company received upon the exercise of any such remedy.
Upon any payment or distribution of assets of the Company referred to in this Article XV, the
Trustee, subject to the provisions of Section 15.05, shall be entitled to conclusively rely
upon a certificate of the liquidating trustee or agent or other person making any distribution
to the Trustee for the purpose of ascertaining the Persons entitled to participate in such
distribution, the holders of Senior Indebtedness and other indebtedness of the Company, the
amount thereof or payable thereon, the amount or amounts paid or distributed thereof and all
other facts pertinent thereto or to this Article XV.

     Section 15.03 No Payment on Securities in Event of Default on Senior Indebtedness.
Subject to Section 15.01, no payment by the Company on account of principal (or premium, if any),
sinking funds or interest, if any, on the Securities shall be made at anytime if: (i) a default on
Senior Indebtedness exists that permits the holders of such Senior Indebtedness to accelerate its
maturity and (ii) the default is the subject of judicial proceedings or the Company has received
notice of such default. The Company may resume payments on the Securities when full payment of
amounts then due for principal (premium, if any), sinking funds and interest on Senior Indebtedness
has been made or duly provided for in money or money’s worth.

     In the event that, notwithstanding the foregoing, any payment shall be received by the Trustee
when such payment is prohibited by the preceding paragraph of this Section 15.03, such payment
shall be held in trust for the benefit of, and shall be paid over or delivered to, the holders of
such Senior Indebtedness or their respective representatives, or to the trustee or trustees under
any indenture pursuant to which any of such Senior Indebtedness may have been issued, as their
respective interests may appear, as calculated by the Company, but only to the extent that the
holders of such Senior Indebtedness (or their representative or representatives or a trustee)
notify the Trustee in writing within 90 days of such payment of the amounts then due and owing on
such Senior Indebtedness and only the amounts specified in such notice to the Trustee shall be paid
to the holders of such Senior Indebtedness.

     Section 15.04 Payments on Securities Permitted. Subject to Section 15.01, nothing
contained in this Indenture or in any of the Securities shall (a) affect the obligation of the
Company to make, or prevent the Company from making, at any time except as provided in Sections
15.02 and 15.03, payments of principal of (or premium, if any) or interest, if any, on the
Securities or (b) prevent the application by the Trustee of any moneys or assets deposited with it
hereunder to the payment of or on account of the principal of (or premium, if any) or interest, if
any, on the Securities, unless a Responsible Officer of the Trustee shall have received at its
Corporate Trust Office written notice of any fact prohibiting the making of such payment from the
Company or from the holder of any Senior Indebtedness or from the trustee for any such holder,
together with proof satisfactory to the Trustee of such holding of Senior Indebtedness or of the
authority of such trustee more than two Business Days prior to the date fixed for such payment.

     Section 15.05 Authorization of Securityholders to Trustee to Effect Subordination.
Subject to Section 15.01, each Holder of Securities by his acceptance thereof authorizes and
directs the Trustee on his, her or its behalf to take such action as may be necessary or
appropriate to effectuate the subordination as provided in this Article XV and appoints the Trustee
his attorney-in-fact for any and all such purposes.

     Section 15.06 Notices to Trustee. The Company shall give prompt written notice to a
Responsible Officer of the Trustee of any fact known to the Company that would prohibit the making
of any payment of monies or assets to or by the Trustee in respect of the Securities of any series
pursuant to the provisions of this Article XV. Subject to Section 15.01, notwithstanding the
provisions of this Article XV or any other provisions of this Indenture, neither the Trustee nor
any Paying Agent (other than the Company) shall be charged with knowledge of the existence of any
Senior Indebtedness or of any fact which would prohibit the making of any payment of moneys or
assets to or by the

 

 

Trustee or such Paying Agent, unless and until a Responsible Officer of the Trustee or such
Paying Agent shall have received (in the case of a Responsible Officer of the Trustee, at the
Corporate Trust Office of the Trustee) written notice thereof from the Company or from the holder
of any Senior Indebtedness or from the trustee for any such holder, together with proof
satisfactory to the Trustee of such holding of Senior Indebtedness or of the authority of such
trustee and, prior to the receipt of any such written notice, the Trustee shall be entitled in all
respects conclusively to presume that no such facts exist; provided, however, that if at least two
Business Days prior to the date upon which by the terms hereof any such moneys or assets may become
payable for any purpose (including, without limitation, the payment of either the principal (or
premium, if any) or interest, if any, on any Security) a Responsible Officer of the Trustee shall
not have received with respect to such moneys or assets the notice provided for in this
Section 15.06, then, anything herein contained to the contrary notwithstanding, the Trustee shall
have full power and authority to receive such moneys or assets and to apply the same to the purpose
for which they were received, and shall not be affected by any notice to the contrary which may be
received by it within two Business Days prior to such date. The Trustee shall be entitled to rely
on the delivery to it of a written notice by a Person representing himself to be a holder of Senior
Indebtedness (or a trustee on behalf of such holder) to establish that such a notice has been given
by a holder of Senior Indebtedness or a trustee on behalf of any such holder. In the event that the
Trustee determines in good faith that further evidence is required with respect to the right of any
Person as a holder of Senior Indebtedness to participate in any payment or distribution pursuant to
this Article XV, the Trustee may request such Person to furnish evidence to the reasonable
satisfaction of the Trustee as to the amount of Senior Indebtedness held by such Person, the extent
to which such Person is entitled to participate in such payment or distribution and any other facts
pertinent to the rights of such Person under this Article XV and, if such evidence is not
furnished, the Trustee may defer any payment to such Person pending judicial determination as to
the right of such Person to receive such payment.

     Section 15.07 Trustee as Holder of Senior Indebtedness. Subject to Section 15.01, the
Trustee in its individual capacity shall be entitled to all the rights set forth in this Article XV
in respect of any Senior Indebtedness at any time held by it to the same extent as any other holder
of Senior Indebtedness and nothing in this Indenture shall be construed to deprive the Trustee of
any of its rights as such holder. Nothing in this Article XV shall apply to claims of, or payments
to, the Trustee under or pursuant to Sections 7.05 or 11.01.

     Section 15.08 Modifications of Terms of Senior Indebtedness. Subject to Section 15.01,
any renewal or extension of the time of payment of any Senior Indebtedness or the exercise by the
holders of Senior Indebtedness of any of their rights under any instrument creating or evidencing
Senior Indebtedness, including, without limitation, the waiver of default thereunder, may be made
or done all without notice to or assent from the Holders of the Securities or the Trustee. No
compromise, alteration, amendment, modification, extension, renewal or other change of, or waiver,
consent or other action in respect of, any liability or obligation under or in respect of, or of
any of the terms, covenants or conditions of any indenture or other instrument under which any
Senior Indebtedness is outstanding or of such Senior Indebtedness, whether or not such release is
in accordance with the provisions of any applicable document, shall in any way alter or affect any
of the provisions of this Article XV or of the Securities relating to the subordination thereof.

     Section 15.09 Reliance on Judicial Order or Certificate of Liquidating Agent. Subject
to Section 15.01, upon any payment or distribution of assets of the Company referred to in this
Article XV, the Trustee and the Holders of the Securities shall be entitled to conclusively rely
upon any order or decree entered by any court of competent jurisdiction in which such insolvency,
bankruptcy, receivership, liquidation, reorganization, dissolution, winding up or similar case or
proceeding is pending, or a certificate of the trustee in bankruptcy, liquidating trustee,
custodian, receiver, assignee for the benefit of creditors, agent or other person making such
payment or distribution, delivered to the Trustee or to the Holders of Securities, for the purpose
of ascertaining the Persons entitled to participate in such payment or distribution, the holders of
Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon,
the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this
Article XV.

     Section 15.10 Satisfaction and Discharge; Defeasance and Covenant Defeasance. Subject
to Section 15.01, amounts and U.S. Government Obligations deposited in trust with the Trustee
pursuant to and in accordance with Article XII and not, at the time of such deposit, prohibited to
be deposited under Sections 15.02 or 15.03 shall not be subject to this Article XV.

 

 

     Section 15.11 Trustee Not Fiduciary for Holders of Senior Indebtedness. With respect
to the holders of Senior Indebtedness, the Trustee undertakes to perform or observe only such of
its covenants and obligations as are specifically set forth in this Article XV, and no implied
covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this
Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the
holders of Senior Indebtedness. The Trustee shall not be liable to any such holder if it shall pay
over or distribute to or on behalf of Holders of Securities or the Company, or any other Person,
moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this
Article XV or otherwise.

ARTICLE XVI

MISCELLANEOUS PROVISIONS 

     Section 16.01 Certificates and Opinions as to Conditions Precedent.

     (a) Upon any request or application 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, 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 have been complied
with, except that in the case of any such application or demand as to which the furnishing of
such document is specifically required by any provision of this Indenture relating to such
particular application or demand, no additional certificate or opinion need be furnished.

     (b) Each certificate or opinion provided for in this Indenture and delivered to the
Trustee with respect to compliance with a condition or covenant provided for in this Indenture
(other than the certificates provided pursuant to Section 6.05 of this Indenture) shall
include (i) a statement that the Person giving such certificate or opinion has read such
covenant or condition; (ii) 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; (iii) a statement that, in the view or opinion of such Person, he or she has made
such examination or investigation as is necessary to enable such Person to express an informed
view or opinion as to whether or not such covenant or condition has been complied with; and
(iv) a statement as to whether or not, in the view or opinion of such Person, such condition
or covenant has been complied with.

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

     (d) Any certificate, statement or opinion of an officer of the Company or of counsel to
the Company 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, unless such officer
or counsel, as the case may be, knows, or in the exercise of reasonable care should know, that
the certificate or opinion or representations with respect to the accounting matters upon
which his or her certificate, statement or opinion may be based are erroneous. Any certificate
or opinion of any firm of independent registered public accountants filed with the Trustee
shall contain a statement that such firm is independent.

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

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

 

 

     Section 16.02 Trust Indenture Act Controls. If and to the extent that any provision of
this Indenture limits, qualifies or conflicts with the duties imposed by, or another provision
included in this Indenture which is required to be included in this Indenture by any of the
provisions of Sections 310 to 318, inclusive, of the Trust Indenture Act, such imposed duties or
incorporated provision shall control.

     Section 16.03 Notices to the Company and Trustee. Any notice or demand authorized by
this Indenture to be made upon, given or furnished to, or filed with, the Company or the Trustee
shall be sufficiently made, given, furnished or filed for all purposes if it shall be mailed,
delivered or telefaxed to:

     (a) the Company, at 9005 Westside Parkway, Alpharetta, Georgia 30009, Attention: Chief
Executive Officer, Facsimile No.:           , or at such other address or
facsimile number as may have been furnished in writing to the Trustee by the Company.

     (b) the Trustee, at the Corporate Trust Office of the Trustee, Attention: Trust
Administrator.

Any such notice, demand or other document shall be in the English language.

     Section 16.04 Notices to Securityholders; Waiver. Any notice required or permitted to
be given to Securityholders shall be sufficiently given (unless otherwise herein expressly
provided),

     (a) if to Holders, if given in writing by first class mail, postage prepaid, to such
Holders at their addresses as the same shall appear on the Register of the Company.

     (b) In the event of suspension of regular mail service or by reason of any other cause it
shall be impracticable to give notice by mail, then such notification as shall be given with
the approval of the Trustee shall constitute sufficient notice for every purpose hereunder.

     (c) 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. In any case where notice to Holders is given by
mail; neither the failure to mail such notice nor any defect in any notice so mailed to any
particular Holder shall affect the sufficiency of such notice with respect to other Holders,
and any notice that is mailed in the manner herein provided shall be conclusively presumed to
have been duly given. In any case where notice to Holders is given by publication, any defect
in any notice so published as to any particular Holder shall not affect the sufficiency of
such notice with respect to other Holders, and any notice that is published in the manner
herein provided shall be conclusively presumed to have been duly given.

     Section 16.05 Legal Holiday. Unless otherwise specified pursuant to Section 3.01, in
any case where any Interest Payment Date, Redemption Date or Maturity of any Security of any series
shall not be a Business Day at any Place of Payment for the Securities of that series, then payment
of principal and premium, if any, or interest 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 such Interest Payment Date, Redemption Date or Maturity and no
interest shall accrue on such payment for the period from and after such Interest Payment Date,
Redemption Date or Maturity, as the case may be, to such Business Day if such payment is made or
duly provided for on such Business Day.

     Section 16.06 Effects 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 16.07 Successors and Assigns. All covenants and agreements in this Indenture
by the parties hereto shall bind their respective successors and assigns and inure to the benefit
of their permitted successors and assigns, whether so expressed or not.

     Section 16.08 Separability Clause. In case any provision in this Indenture or in 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 16.09 Benefits of Indenture. Nothing in this Indenture expressed and nothing
that may be implied from any of the provisions hereof is intended, or shall be construed, to confer
upon, or to give to, any Person or corporation other than the parties hereto and their successors
and the Holders of the Securities any benefit or any

 

 

right, remedy or claim under or by reason of this Indenture or any covenant, condition,
stipulation, promise or agreement hereof, and all covenants, conditions, stipulations, promises and
agreements in this Indenture contained shall be for the sole and exclusive benefit of the parties
hereto and their successors and of the Holders of the Securities.

     Section 16.10 Counterparts Originals. This 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 16.11 Governing Law; Waiver of Trial by Jury. This Indenture and the
Securities shall be deemed to be contracts made under the law of the State of New York and for all
purposes shall be governed by and construed in accordance with the law of said State.

     EACH PARTY HERETO, AND EACH HOLDER OF A SECURITY BY ACCEPTANCE THEREOF, HEREBY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF
ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS INDENTURE.

[signature page follows]

 

 

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

	 	 	 	 	 
	 	INHIBITEX, INC., 

as Issuer

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	_____________________, 

as Trustee

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

CROSS-REFERENCE TABLE (1)

	 	 	 
	Section of Trust Indenture Act of 1939, as Amended	 	Section of Indenture
	 
	310(a)
	 	11.04(a)
	310(b)
	 	11.04(b)
	310(c)
	 	Inapplicable
	311(a)
	 	11.01(f)
	311(b)
	 	11.01(f)
	311(c)
	 	Inapplicable
	312(a)
	 	10.03(a)
	 
	 	10.03(b)
	312(b)
	 	11.10
	312(c)
	 	11.10
	313(a)
	 	10.01(a)
	313(b)
	 	10.01(a)
	313(c)
	 	10.01(a)
	313(d)
	 	10.01(b)
	314(a)
	 	6.05
	 
	 	10.02
	314(b)
	 	Inapplicable
	314(c)
	 	16.01(a)
	 
	 	16.01(d)
	314(d)
	 	Inapplicable
	314(e)
	 	16.01(b)
	314(f)
	 	Inapplicable
	315(a)
	 	11.02(b)
	315(b)
	 	11.03
	315(c)
	 	11.02(a)
	315(d)
	 	11.02(b)(i)
	 
	 	11.02(b)(ii)
	315(e)
	 	7.08
	316(a)
	 	7.06
	 
	 	 
	316(b)
	 	7.07
	316(c)
	 	8.02(e)
	317(a)
	 	7.03
	317(b)
	 	6.03
	318(a)
	 	16.02

 

			
	(1)	 	This Cross-Reference Table does not constitute part of the Indenture and shall not have any
bearing on the interpretation of any of its terms or provisions.

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