Document:

exv4wa

 

EXHIBIT 4.A

 

 

ANR Pipeline Company

and

Manufacturers Bank, N.A., Trustee

 

INDENTURE

Dated as of May 13, 1991

 

 

 

 

 

Debt Securities

CROSS-REFERENCE TABLE

	 	 	 	 	 
	 	 	 	 	Indenture
	TIA Section	 	 	 	Section
	Section 310
	 	(a)(1)	 	7.10
	 
	 	(a)(2)	 	7.10
	 
	 	(a)(3)	 	N.A.
	 
	 	(a)(4)	 	N.A.
	 
	 	(a)(5)	 	7.08
	 
	 	(b)	 	7.08; 7.10; 10.02
	 
	 	(c)	 	N.A.
	Section 311
	 	(a)	 	7.11
	 
	 	(b)	 	7.11
	 
	 	(c)	 	N.A.
	Section 312
	 	(a)	 	2.06
	 
	 	(b)	 	10.03
	 
	 	(c)	 	10.03
	Section 313
	 	(a)	 	7.06
	 
	 	(b)(1)	 	N.A.
	 
	 	(b)(2)	 	7.06
	 
	 	(c)	 	7.06;10.02
	 
	 	(d)	 	7.06
	Section 314
	 	(a)	 	4.09; 10.02
	 
	 	(b)	 	N.A.
	 
	 	(c)(1)	 	10.04
	 
	 	(c)(2)	 	10.04
	 
	 	(c)(3)	 	N.A.
	 
	 	(d)	 	N.A.
	 
	 	(e)	 	10.05
	 
	 	(f)	 	N.A.
	Section 315
	 	(a)	 	7.01(b)
	 
	 	(b)	 	7.05;10.02
	 
	 	(c)	 	7.01(a)
	 
	 	(d)	 	7.01(c)
	 
	 	(e)	 	6.11
	Section 316
	 	(a)(last sentence)	 	2.10
	 
	 	(a)(1)(A)	 	6.05
	 
	 	(a)(1)(B)	 	6.04
	 
	 	(a)(2)	 	N.A.
	 
	 	(b)	 	6.07
	 
	 	(c)	 	9.04
	Section 317
	 	(a)(1)	 	6.08
	 
	 	(a)(2)	 	6.09
	 
	 	(b)	 	2.05
	Section 318
	 	(a)	 	10.01

 

N.A. means Not Applicable.

			
	NOTE:	 	This Cross-Reference Table shall not, for any purpose, be
deemed to be a part of this Indenture.

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	Recitals of the Company

	 	 	1	 
	 
	 	 	 	 
	ARTICLE 1
	 	 	 	 
	 
	Definition and Incorporation by Reference
	 	 	 	 
	 
	 	 	 	 
	Section 1.01. Definitions

	 	 	1	 
	Section 1.02. Incorporation by Reference of Trust Indenture Act

	 	 	9	 
	Section 1.03. Rules of Construction

	 	 	9	 
	 
	 	 	 	 
	ARTICLE 2
	 	 	 	 
	 
	The Securities
	 	 	 	 
	 
	 	 	 	 
	Section 2.01. Form of Securities

	 	 	10	 
	Section 2.02. Title and Terms

	 	 	11	 
	Section 2.03. Execution and Authentication

	 	 	12	 
	Section 2.04. Registrar and Paying Agent

	 	 	14	 
	Section 2.05. Paying Agent to Hold Money In Trust

	 	 	15	 
	Section 2.06. Securityholder Lists

	 	 	15	 
	Section 2.07. Transfer and Exchange

	 	 	16	 
	Section 2.08. Replacement Securities

	 	 	16	 
	Section 2.09. Outstanding Securities

	 	 	17	 
	Section 2.10. Treasury Securities

	 	 	17	 
	Section 2.11. Temporary Securities

	 	 	17	 
	Section 2.12. Cancellation

	 	 	18	 
	Section 2.13. Defaulted Interest

	 	 	18	 
	Section 2.14. Persons Deemed Owners

	 	 	18	 
	 
	 	 	 	 
	ARTICLE 3A
	 	 	 	 
	 
	Redemption
	 	 	 	 
	 
	 	 	 	 
	Section 3A.01. Right of Redemption

	 	 	19	 
	Section 3A.02. Applicability of Article

	 	 	19	 
	Section 3A.03. Election to Redeem; Notice to Trustee

	 	 	19	 
	Section 3A.04. Selection by Trustee of Securities to be Redeemed

	 	 	19	 
	Section 3A.05. Notice of Redemption

	 	 	20	 
	Section 3A.06. Deposit of Redemption Price

	 	 	21	 
	Section 3A.07. Securities Payable on Redemption Date

	 	 	21	 
	Section 3A.08. Securities Redeemed in Part

	 	 	21	 
	 
	 	 	 	 
	 ARTICLE 3B
	 	 	 	 
	 
	 Sinking Fund
	 	 	 	 

 

ii

	 	 	 	 	 
	 	 	Page
	Section 3B.01. Sinking Fund Payments

	 	 	22	 
	Section 3B.02. Satisfaction of Sinking Fund Payments with Securities

	 	 	22	 
	Section 3B.03. Redemption of Securities for Sinking Fund

	 	 	23	 
	 
	 	 	 	 
	 ARTICLE 4
	 	 	 	 
	 
	Covenants
	 	 	 	 
	 
	 	 	 	 
	Section 4.01. Payment of Securities

	 	 	23	 
	Section 4.02. Maintenance of Office or Agency

	 	 	24	 
	Section 4.03. Corporate Existence

	 	 	24	 
	Section 4.04. Payment of Taxes and Other Claims

	 	 	25	 
	Section 4.05. Notice of Defaults

	 	 	25	 
	Section 4.06. Maintenance of Properties

	 	 	25	 
	Section 4.07. Liquidation

	 	 	26	 
	Section 4.08. Compliance Certificate

	 	 	27	 
	Section 4.09. SEC Reports

	 	 	27	 
	Section 4.10. Waiver of Stay, Extension or Usury Laws

	 	 	28	 
	Section 4.11. Restrictions on Liens

	 	 	28	 
	Section 4.12. Restrictions on Sales and Leasebacks

	 	 	30	 
	 
	 	 	 	 
	 ARTICLE 5
	 	 	 	 
	 
	Successor Corporation
	 	 	 	 
	 
	 	 	 	 
	Section 5.01. When Company May Merge, etc.

	 	 	30	 
	Section 5.02. Successor Corporation Substituted

	 	 	31	 
	 
	 	 	 	 
	ARTICLE 6
	 	 	 	 
	 
	 Default And Remedies
	 	 	 	 
	 
	 	 	 	 
	Section 6.01. Events of Default

	 	 	31	 
	Section 6.02. Acceleration

	 	 	33	 
	Section 6.03. Other Remedies

	 	 	34	 
	Section 6.04. Waiver of Past Defaults

	 	 	35	 
	Section 6.05. Control by Majority

	 	 	35	 
	Section 6.06. Limitation on Suits

	 	 	35	 

 

iii

	 	 	 	 	 
	 	 	Page
	Section 6.07. Rights of Holders to Receive Payment

	 	 	36	 
	Section 6.08. Collection Suit by Trustee

	 	 	36	 
	Section 6.09. Trustee May File Proofs of Claim

	 	 	36	 
	Section 6.10. Priorities

	 	 	37	 
	Section 6.11. Undertaking for Costs

	 	 	37	 
	 
	 	 	 	 
	 ARTICLE 7
	 	 	 	 
	 
	 Trustee
	 	 	 	 
	 
	 	 	 	 
	Section 7.01. Duties of Trustee

	 	 	38	 
	Section 7.02. Right of Trustee

	 	 	39	 
	Section 7.03. Individual Rights of Trustee

	 	 	40	 
	Section 7.04. Trustee’s Disclaimer

	 	 	40	 
	Section 7.05. Notice of Defaults

	 	 	40	 
	Section 7.06. Reports by Trustee to Holders

	 	 	40	 
	Section 7.07. Compensation and Indemnity

	 	 	41	 
	Section 7.08. Replacement of Trustee

	 	 	41	 
	Section 7.09. Successor Trustee by Merger, etc.

	 	 	43	 
	Section 7.10. Eligibility, Disqualification

	 	 	43	 
	Section 7.11. Preferential Collection of Claims Against Company

	 	 	43	 
	 
	 	 	 	 
	Article 8
	 	 	 	 
	 
	 Discharge Of Indenture 
	 	 	 	 
	 
	 	 	 	 
	Section 8.01. Termination of Company’s Obligations

	 	 	43	 
	Section 8.02. Application of Trust Money

	 	 	45	 
	Section 8.03. Repayment to Company

	 	 	45	 
	Section 8.04. Reinstatement

	 	 	45	 
	Section 8.05. Indemnity for U.S. Government Obligations

	 	 	46	 
	 
	 	 	 	 
	 ARTICLE 9
	 	 	 	 
	 
	Amendments, Supplements And Waivers
	 	 	 	 
	 
	 	 	 	 
	Section 9.01. Without Consent of Holders

	 	 	46	 
	Section 9.02. With Consent of Holders

	 	 	47	 
	Section 9.03. Compliance With Trust Indenture Act

	 	 	48	 
	Section 9.04. Revocation and Effect of Consents

	 	 	48	 
	Section 9.05. Notation On or Exchange of Securities

	 	 	49	 
	Section
9.06. Trustee to Sign Amendments, etc.

	 	 	49	 

 

iv

	 	 	 	 	 
	 	 	Page
	ARTICLE 10
	 	 	 	 
	 
	Miscellaneous
	 	 	 	 
	 
	 	 	 	 
	Section
10.01. Trust Indenture Act Controls

	 	 	50	 
	Section
10.02. Notices

	 	 	50	 
	Section 10.03. Communications by Holders With Other Holders

	 	 	51	 
	Section 10.04. Certificate and Opinion as to Conditions Precedent

	 	 	51	 
	Section 10.05. Statements Required in Certificate or Opinion

	 	 	51	 
	Section 10.06. Rules by Trustee, Paying Agent, Registrar

	 	 	51	 
	Section 10.07. Legal Holidays

	 	 	52	 
	Section 10.08. Governing Law

	 	 	52	 
	Section 10.09. No Adverse Interpretation of Other Agreements

	 	 	52	 
	Section 10.10. No Recourse Against Others

	 	 	52	 
	Section 10.11. Successors

	 	 	52	 
	Section 10.12. Duplicate Originals

	 	 	52	 
	Section 10.13. Separability

	 	 	52	 
	Section 10.14. Action of Holders when Securities are Denominated in Different Currencies

	 	 	53	 
	Section 10.15. Monies of Different Currencies to be Segregated

	 	 	53	 
	Section 10.16. Payment to be in Proper Currency

	 	 	53	 
	     Signatures

	 	 	55	 
	     Exhibit A—Form of Security

	 	 	A-1	 

 

			
	NOTE:	 	This Table of Contents shall not, for any purpose, be deemed to be a part of
this Indenture.

     INDENTURE, dated as of May 13, 1991, between ANR Pipeline
Company, a Delaware corporation (the “Company”), and Manufacturers
Bank, N.A. (formerly Manufacturers National Bank of Detroit), a national banking association
incorporated and existing under the laws of the United States of America, as Trustee (the
“Trustee”).

RECITALS OF THE COMPANY

     The Company has duly authorized the execution and delivery of this Indenture to provide for
the issuance from time to time of its unsecured notes, debentures or other evidences of
indebtedness (collectively, the “Securities”), to be issued from time to time in one or more series
(a “Series”) as provided in this Indenture and as shall be provided, in respect of any Series, in
or pursuant to the Authorizing Resolution hereinafter referred to and/or in the indenture
supplemental hereto (if any) relating to such Series.

 

 

 2

ARTICLE 1

Definition and Incorporation by Reference

     Section 1.01. Definitions.

     “Affiliate” of any specified person means any other person directly or indirectly controlling
or controlled by or under direct or indirect common control with such specified person. For the
purposes of this definition, “control” when used with respect to any 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.

     “Agent” means any Registrar, Paying Agent or co-Registrar.

     “Attributable Debt” means, with respect to any Sale and Leaseback Transaction as of any
particular time, the present value (discounted at the rate of interest implicit in the terms of the
lease) of the obligations of the lessee under such lease for net rental payments during the
remaining term of the lease (including any period for which such lease has been extended or may, at
the option of the Company, be extended).

     “Authorizing Resolution” means a Board Resolution providing for the issuance of a Series of
Securities.

     “Bankruptcy Law” shall have the meaning provided in Section 6.01.

 

3

     “Board of Directors” means the Board of Directors of the Company or any duly authorized
committee of the Board.

     “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
Secretary of the Company to have been duly adopted by the Board of Directors and to be in full
force and effect on the date of such certification, and delivered to the Trustee (except as
provided in Section 2.03).

     “Business Day” means a day that is not a Legal Holiday.

     “Capital Stock” means, with respect to any person, any and all shares, interests,
participations or other equivalents (however designated) of corporate stock of such person other
than Mandatory Redemption Preferred Stock.

     “Capitalized Lease Obligation” means Indebtedness represented by obligations under a lease
that is required to be capitalized for financial reporting purposes in accordance with generally
accepted accounting principles and the amount of such Indebtedness shall be the capitalized amount
of such obligations determined in accordance with such principles.

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

     “Company Request” and “Company Order” mean, respectively, a written request or order signed in
the name of the Company by two Officers of the Company or by an Officer and the Treasurer, an
Assistant Treasurer, the Secretary or an Assistant Secretary, and delivered to the Trustee in
respect of the Series to which the Company Request or Company Order shall relate.

     “Custodian” shall have the meaning provided in Section 6.01.

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

     “Event of Default” shall have the meaning provided in Section 6.01.

     “Extendible Securities” means Securities of any Series issued hereunder the
final maturity of which is extendible for a stated period of time, as shall be
provided in, or pursuant to, the Authorizing Resolution and/or supplemental indenture (if any)
relating to such Series.

 

4

     “Funded Debt” means Indebtedness which does not mature within one year after the date as of
which any determination thereof is made (but excludes any such Indebtedness which will be retired
through or by means of any deposit
or payment required to be made within one year from such date under any prepayment provision,
sinking fund, purchase fund or other similar fund) and Indebtedness which may not mature within one
year after the date as of which any determination thereof is made due solely to such Indebtedness
being renewable or outstanding pursuant to a revolving credit or similar agreement.

     “General Mortgage” means the Company’s Mortgage and Deed Trust dated as of September 1, 1948,
as supplemented and amended from time to time, and any other mortgage and deed of trust upon the
property of the Company which may hereafter from time to time be created by the Company in
substitution, directly or indirectly, for said Mortgage and Deed of Trust, as from time to time
supplemented and amended; provided that any such mortgage and deed
of trust hereafter created shall contain provisions with respect to property excepted from the
lien thereof and liens permitted thereunder substantially similar to (but not necessarily identical
to) the provisions of said Mortgage and Deed of Trust, as supplemented and amended at the date
hereof.

     “Holder” or “Securityholder” means, with respect to any Security, the person in whose name
such Security is registered on the Security Register.

     “Indebtedness” means (i) any liability of any person (a) for borrowed money, (b) evidenced by
a note, debenture or similar instrument (including a purchase money obligation) given in connection
with the acquisition of any property or assets (other than inventory or similar property acquired
in the ordinary course of business), including securities, or (c) for the payment of money relating
to a Capitalized Lease Obligation; (ii) any guarantee by any person of any liability of others
described in the preceding clause (i); and (iii) any amendment, renewal, extension of refunding of
any liability of the types referred to in clauses (i) and (ii) above.

     “Indenture” means this Indenture as amended or supplemented from time
to time and shall include the forms and terms of particular Series of Securities established
as contemplated hereunder.

     “Interest Payment Date” means, for any Series of Securities issued and outstanding hereunder,
the date or dates in each year on which any interest
on such Series is paid or made available for payment.

 

5

     “Legal Holiday” shall have the meaning provided in Section 10.07.

     “Lien” means any mortgage, lien, pledge, charge, or other security interest or encumbrance of
any kind.

     “Mandatory Redemption Preferred Stock” means, with respect to any person, any and all shares
of preferred stock of such person now outstanding or hereafter issued, subject to mandatory
redemption provisions.

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

     “Maturity Date” means the date specified in each Security on which the principal thereof is
due and payable in full.

     “Net Tangible Assets” means the total amount of assets (less depreciation and valuation
reserves and other reserves and items deductible from the gross book value of specific asset
accounts) of the Company which would be included on a consolidated balance sheet of the Company,
after deducting therefrom (without duplication of deductions) (1) all goodwill, trade names,
trademarks, patents, unamortized debt discount and expense and other like intangibles which would
be so included on such balance sheet, and (2) all liabilities which would be so included on such
balance sheet except: Funded Debt, reserves, deferred credits and Stock Accounts.

     “Officer” means the Principal Executive Officer, Principal Financial Officer
or Principal Accounting Officer of the Company.

     “Officers’ Certificate” means a certificate signed by two Officers or by an Officer and the
Treasurer or an Assistant Treasurer or the Secretary or an Assistant Secretary of the Company and
delivered to the Trustee. See Sections 10.04 and 10.05.

     “Opinion of Counsel” means a written opinion from legal counsel who is acceptable to the
Trustee. The counsel may be an employee of or counsel to the Company. See Sections 10.04 and
10.05.

     “Original Issue Date” means the date on which a Security is issued to the original purchaser
thereof, as specified in such Security.

 

6

     “Original Issue Discount Securities” means Securities which provide for an amount less than
100% of the principal amount thereof to be due and payable upon a declaration of acceleration of
the Maturity thereof pursuant to Section 6.02.

     “Paying Agent” shall have the meaning provided in Section 2.04, except
that for the purposes of Article 8 and Section 4.07 the Paying Agent shall not be the Company
or any Subsidiary.

     “Permitted Liens” means the following:

     (a) Liens upon rights-of-way for pipeline purposes;

     (b) undetermined Liens and charges incidental to construction or maintenance;

     (c) the right reserved to, or vested in, any municipality or public authority by the terms
of any right, power, franchise, grant, license, permit or by any provision of law, to terminate
such right, power, franchise, grant, license or permit, or to purchase or recapture or to
designate a purchaser of, any of
the mortgaged property;

     (d) Liens upon any property in which the Company has a leasehold estate and to which such
leasehold estate is or may become subject, and the rights reserved to lessors of such property,
and to their successors and assigns, under applicable law or the instrument creating such
leasehold estate;

     (e) the Lien of taxes and assessments (other than those constituting Liens upon
rights-of-way for pipe line purposes) which are not at the time delinquent;

     (f) the Lien of specified taxes and assessments (other than those constituting liens upon
rights-of-way for pipe line purposes) which are delinquent but the validity of which is being
contested at the time by the Company in good faith, unless thereby in the opinion of counsel or
of the trustee under the General Mortgage any of the mortgaged property thereunder may be lost
or forfeited;

     (g) the Lien reserved in leases for rent and for compliance with the terms of the lease in
the case of leasehold estates;

     (h) minor defects and irregularities in the titles to any property which do not materially
impair the use of such property for the purposes for which it
is held by the Company;

     (i) any Liens securing indebtedness, neither assumed nor guaranteed by the Company nor on
which it customarily pays interest, existing upon real estate or rights in or relating to real
estate (including rights-of-way and easements) acquired by the Company for pipeline, metering
station or right-of-way purposes;

 

7

     (j) easements, exceptions or reservations in any property of the Company granted or
reserved for the purpose of pipe lines, roads, the removal of oil, gas, coal or other minerals,
and other like purposes, or for the joint or common use of real property, facilities and
equipment, which do not materially impair the use of such property for the purposes for which
it is held by the Company;

     (k) rights reserved to or vested in any municipality or public authority to control or
regulate any property of the Company, or to use such property in any manner which does not
materially impair the use of such property for
the purposes for which it is held by the Company;

     (1) any obligations or duties, affecting the property of the Company, to any municipality
or public authority with respect to any franchise, grant, license or permit;

     (m) the Liens of any judgments in an aggregate amount not in excess of 1,000,000 United
States dollars or the Lien of any judgment the execution
of which has been stayed or which has been appealed and secured, if necessary, by the
filing of an appeal bond, or the Lien of any judgment in respect of which monies in the amount
of the judgment have been deposited with
the trustee under the General Mortgage to be held as a part of the trust
estate and to be withdrawn only as provided in §8.05 of the General Mortgage; and

     (n) zoning laws and ordinances.

     “person” means any individual, corporation, partnership, joint venture, association,
joint-stock company, trust, unincorporated organization or government or other agency or political
subdivision thereof.

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

     “Principal Domestic Property of the Company,, shall mean any property, plant, equipment or
facility of the Company which is located in the United States or any territory or political
subdivision thereof, except any property which the Board of Directors or management of the Company
or any such Subsidiary shall determine to be not material to the business or operations of the
Company and its Subsidiaries, taken as a whole.

     “Redeemable Securities” means Securities of any Series which may be redeemed, at the option of
the Company, prior to the Stated Maturity thereof,
on the terms specified in or pursuant to the Authorizing Resolution and/or supplemental
indenture relating to such Series and in accordance with Article 3A herein.

 

8

     “Redemption Date” when used with respect to any Security of any Series to be redeemed means
the date fixed for such redemption by or pursuant to the provisions of such Security, this
Indenture and the Authorizing Resolution and/or supplemental indenture relating to such Security.

     “Redemption Price” when used with respect to any Security of any Series
to be redeemed means the price at which it is to be redeemed pursuant to the provisions of
such Security, this Indenture and the Authorizing Resolution and/or supplemental indenture relating
to such Security.

     “Registrar” shall have the meaning provided in Section 2.04.

     “Regular Record Date” means, for the interest payable on any Interest Payment Date in respect
of any Series of Securities, except as provided in, or pursuant to, the Authorizing Resolution
and/or supplemental indenture relating thereto, the day (whether or not a Business Day) that is fifteen days preceding the
applicable Interest Payment Date.

     “Required Currency,, shall have the meaning provided in Section 10.16.

     “Sale and Leaseback Transaction” shall have the meaning provided in Section 4.12.

     “SEC” means the Securities and Exchange Commission.

     “Securities” means the Securities, as amended or supplemented from time
to time pursuant to the terms of this Indenture, of the Company of any Series that are issued
under this Indenture.

     “Security Register” shall have the meaning provided in Section 2.04.

     “Series” means, with respect to Securities issued hereunder, the Securities issued pursuant to
any particular Authorizing Resolution and/or supplemental indenture (if any), subject to the right of the Board of Directors to specify in such
Authorizing Resolution and/or supplemental indenture (if any) that such Securities shall constitute
more than one Series.

     “Short-Term Borrowing” means all Indebtedness in respect of borrowed money maturing on demand
or within one year from the date of the creation thereof and not directly or indirectly renewable
or extendible, at the option of the debtor, by its terms or by the terms of any instrument or
agreement
relating thereto, to a date one year or more from the date of the creation

 

9

thereof; provided, that Indebtedness in respect of borrowed money arising under a revolving credit
or similar agreement which obligates the lender or lenders to extend credit over a period of one
year or more shall constitute Funded Debt and not Short-Term Borrowing even though the same matures
on demand or within one year from the date as of which such Short-Term Borrowing is to be
determined.

     “Sinking Fund” means, with respect to any Sinking Fund Securities, a sinking fund provided for
in Article 3B.

     “Sinking Fund Securities” means Securities of any Series which are required to be redeemed
from time to time prior to the Stated Maturity thereof in whole or in part under a Sinking Fund, on
the terms specified in the Authorizing Resolution and/or supplemental indenture (if any) relating
to such Series and
in accordance with Article 3B herein.

     “Special Record Date” shall have the meaning provided in Section 2.13.

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

     “Stock” means any and all shares, interests, participations or other equivalents (however
designated) of corporate stock.

     “Stock Accounts”, as applied to a corporation, means the amount of such corporation’s
outstanding Stock, other paid-in capital and retained earnings,
all as shown in a statement of financial position of such corporation.

     “Subsidiary” means (i) a corporation a majority of whose capital stock with voting power,
under ordinary circumstances, to elect directors is at the time, directly or indirectly, owned by
the Company, by the Company and a Subsidiary (or Subsidiaries) of the Company or by a Subsidiary
(or Subsidiaries) of the Company or (ii) any other person (other than a corporation) in which the
Company, a Subsidiary (or Subsidiaries) of the Company or the Company and a Subsidiary (or
Subsidiaries) of the Company, directly or indirectly, at the date of determination thereof has at
least majority ownership interest; provided, that no corporation shall be deemed a Subsidiary until
the Company, a Subsidiary (or Subsidiaries) of the Company or the Company and a Subsidiary (or
Subsidiaries) of the Company acquires more than 50% of the outstanding voting stock thereof and has
elected a majority of its board of directors.

 

10

     “TIA” means the Trust Indenture Act of 1939 (15 U.S. Code §§ 77aaa-77bbbb) as in effect on the
date of this Indenture except as provided in Section 9.03.

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

     “Trust Officer” means any officer or assistant officer of the Trustee assigned by the Trustee
to administer its corporate trust matters.

     “U.S. Government Obligations” shall have the meaning provided in Section 8.01.

     “Yield to Maturity” means, with respect to any Series of Securities, the yield to maturity
thereof, calculated at the time of issuance thereof, or, if applicable, at the most recent
redetermination of interest thereon, and calculated in accordance with accepted financial practice.

     Section 1.02. Incorporation by Reference of Trust Indenture Act.

     Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by
reference in and made a part of this Indenture. The following TIA terms used in this Indenture
have the following meanings:

     “Commission” means the SEC;

     “indenture securities” means the Securities;

     “indenture security holder” means a Securityholder;

     “indenture to be qualified” means this Indenture;

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

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

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

     Section 1.03. Rules of Construction.

     Unless the context otherwise requires:

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

 

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     (2) an accounting term not otherwise defined has the meaning assigned
to it in accordance with generally accepted accounting principles in effect
on the date hereof, and any other reference in this Indenture to “generally accepted
accounting principles” refers to generally accepted accounting principles on the date hereof;

     (3) “or” is not exclusive;

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

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

     (6) “herein,” “hereof’ and other words of similar import refer to this Indenture as a whole
and not to any particular Article, Section or other Subdivision.

ARTICLE 2

The Securities

     Section 2.01. Form of Securities.

     The Securities of each Series and the certificate of authentication thereon shall be in
substantially the forms set forth in Exhibit A or in such other forms as shall be specified in, or
pursuant to, the Authorizing Resolution and/or in
the indenture supplemental hereto (if any) relating to such Series, with such appropriate
insertions, omissions, substitutions and other variations as are required or permitted by this
Indenture or the said Authorizing Resolution and/or supplemental indenture (if any).

     The definitive Securities of each Series shall be printed, lithographed or engraved or
produced by any combination of these methods on steel engraved borders or may be produced in any
other manner permitted by the rules of
any securities exchange on which the Securities may be listed, or, if they shall not be listed
on any securities exchange, in any other manner consistent herewith, all as shall be determined by
the officers executing such Securities, as evidenced by their execution of such Securities. The
Securities may have notations, legends or endorsements required by law, stock exchange rule or
usage. The Company shall approve the form of the Securities and any notation,
legend or endorsement on them.

     The terms and provisions contained in the Securities, annexed hereto as Exhibit A or such
other forms as specified in the Authorizing Resolution and/or supplemental indenture (if any)
relating thereto, shall constitute, and
are hereby expressly made, a part of this Indenture.

 

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     Section 2.02. Title and Terms.

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

     The Securities may be issued in one or more Series. The terms of each Series shall be as
provided in an Authorizing Resolution and/or supplemental indenture (if any) or shall be determined
in the manner specified therein. The terms to be specified in respect of each Series in the
Authorizing Resolution and/or supplemental indenture (if any), or by such person and/or procedures
as shall be provided therein, shall include the following:

     (1) the title of the Securities of such Series, which shall distinguish such Series from
all other Series;

     (2) the aggregate principal amount of the Securities of such Series which may be
authenticated and delivered under this Indenture (except for Securities of such Series
authenticated and delivered upon transfer of, or in exchange for, or in lieu of, other
Securities pursuant to Section 2.07, 2.08, 2.11, 3A.08 or 9.05);

     (3) the date or dates on which the principal of the Securities of such Series is payable,
and, if the Series shall be Extendible Securities, the terms on which the Company or any other
person shall have the option to extend the Maturity of such Securities and the rights, if any,
of the Holders to require payment of the Securities;

     (4) the rate or rates at which the Securities of such Series shall bear interest, if any
(whether floating or fixed), the provisions, if any, for determining such interest rate or rates
and adjustments thereto, the date or dates from which such interest shall accrue, the Interest
Payment Dates therefor and the Regular Record Dates (if different from those provided in the
form of Security herein set forth) for the determination of Holders of the Securities of such
Series to whom interest is payable;

     (5) the place or places where the principal of and interest on Securities of such Series
shall be payable (if other than as provided in Section 4.02);

     (6) the price or prices at which, the period or periods within which and the terms and
conditions upon which the Securities of such Series may be redeemed, in whole or in part, at the
option of the Company, pursuant to a Sinking Fund or otherwise;

     (7) the obligation, if any, of the Company to redeem, purchase or repay Securities of such
Series, in whole or in part, pursuant to a Sinking Fund or otherwise or at the option of a
Holder thereof, and the price or prices at which, the period or periods within which and the
terms and conditions
upon which such redemption, purchase or repayment shall be made;

 

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     (8) any Events of Default with respect to the Securities of such Series which may be
different from or in addition to those provided for herein, and any covenants or obligations of
the Company to the Holders of the Securities of such Series different from or in addition to
those set forth herein;

     (9) if less than 100% of the principal amount of the Securities of such Series is payable
on acceleration under Section 6.02 or provable in bankruptcy under Section 6.09 at any time, a
schedule of or the manner of computing the amounts which are so payable and provable from time
to time;

     (10) the farm of the Securities of such Series (which may be, but which need not be,
consistent with the form set forth in Exhibit A attached hereto);

     (11) if other than United States dollars, the currency(ies) in which payment of the
principal of or interest, if any, on the Securities of that Series shall be payable;

     (12) if the principal of or interest, if any, on the Securities of that Series
is to be payable, at the election of the Company or a Holder thereof, in a currency or
currencies other than that in which the Securities are stated to
be payable, the period or periods within which, and the terms and conditions upon which,
such election may be made;

     (13) if the amount of payments of principal of (and premium, if any) or interest, if any,
on the Securities of the Series may be determined with reference 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; and

     (14) any other terms of the Securities of such Series; provided, that such other terms
shall not be inconsistent with any express terms of this Inden-
ture or in conflict with any express terms of any other Series of Securities which shall be
issued and outstanding.

     All Securities of any one Series shall be substantially identical in form except as to
denomination and except as may be otherwise provided in and pursuant
to the Authorizing Resolutions and/or supplemental indenture (if any) relating thereto.

     Section 2.03. Execution and Authentication.

     Two Officers or an Officer and the Secretary of the Company shall sign the Securities for the
Company by manual or facsimile signature. The Company’s seal shall be reproduced on the Securities
and may be in facsimile form.

     If an Officer or a Secretary whose signature is on a Security no longer holds that office at
the time the Trustee authenticates the Security, the Security shall be valid nevertheless.

 

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     A Security shall not be valid until the Trustee manually signs the certificate of
authentication on the Security. The signature shall be conclusive evidence that the Security has
been authenticated under this Indenture.

     At any time and from time to time after the execution and delivery of this Indenture, the
Company may deliver Securities of any Series executed by the Company to the Trustee, together with
a Company Order for the authentica-
tion and delivery of such Securities. The Company Order may provide that
the Securities which are the subject thereof shall be authenticated and deliv-
ered by the Trustee upon the telephonic, written or other order of persons designated in the
Company Order, and that such persons are authorized to specify the terms and conditions of such
Securities, to the extent permitted by the Authorizing Resolution and/or supplemental indenture (if
any) relating thereto. The Trustee shall execute and deliver the supplemental indenture (if any)
relating to said Securities and the Trustee shall authenticate and deliver said Securities as
specified in such Company Order; provided that, prior to authentication and delivery of the first
Securities of any Series, the Trustee shall have received:

     (1) a copy of the Authorizing Resolution, with a copy of the form of Security approved
thereby attached thereto, or a supplemental indenture in respect of the issuance of the Series,
executed on behalf of the Company;

     (2) an Officers’ Certificate to the effect that the Securities of such Series comply or
will comply with the requirements of this Indenture and the said Authorizing Resolution and/or
supplemental indenture (if any);

     (3) an Opinion of Counsel (a) to the effect that (i) the Securities of such Series, the
Authorizing Resolution and/or the supplemental indenture (if any) relating thereto comply or
will comply with the requirements of this Indenture, and (ii) the Securities of such Series,
when authenticated and delivered by the Trustee in accordance with the said Company Order, will
constitute valid and binding obligations of the Company enforceable in accordance with their
terms, subject to (A) bankruptcy and other laws affecting creditors’ rights generally as in
effect from time to time, (B) limitations of generally applicable equitable principles and (C)
other exceptions acceptable to the Trustee and its counsel; and (b) relating to such other
matters as may reasonably be requested by the Trustee or its counsel; and

     (4) if the Securities to be issued are Original Issue Discount Securities,
an Officers’ Certificate setting forth the Yield to Maturity for the Securities or other
information sufficient to compute amounts due on acceleration, or specifying the manner in which
such amounts are to be determined, provided that such Yield to Maturity and other facts are not
specified in the form of the Securities.

 

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     Subject to Section 7.01 hereof, the Trustee shall be fully protected in relying upon the
documents delivered to it as provided above in connection with the issuance of any Series of
Securities.

     The Trustee shall have the right to decline to authenticate and deliver any Securities under
this Section 2.03 if the Trustee, being advised by counsel, determines that such action may not
lawfully be taken or if the Trustee in good faith shall determine that such action would expose the
Trustee to liability to Holders of previously issued and outstanding Securities.

     Each Security shall be dated the date of its authentication unless otherwise specified in the
Authorizing Resolution and/or supplemental indenture relating thereto.

     The Trustee may appoint an authenticating agent reasonably acceptable to the Company to
authenticate Securities. An authenticating agent may authenticate Securities whenever the Trustee
may do so. Each reference in this Indenture to authentication by the Trustee includes
authentication by such
agent. An authenticating Agent has the same rights as an Agent to deal with the Company or an
Affiliate of the Company

     The Securities of each Series shall be issuable only in registered form without coupons and
only in denominations of $1,000 and any integral multiple thereof, or in such other currencies or
denominations as may be specified in, or pursuant to, the Authorizing Resolution and/or
supplemental indenture (if
any) relating to the Series.

     Section 2.04. Registrar and Paying Agent.

     The Company shall cause to be kept a register (the “Security Register”) at
an office or agency where Securities may be presented for registration of transfer or for
exchange (“Registrar”) and an office or agency where Securities may be presented for payment
(“Paying Agent”). The Company may have one or more co-Registrars and one or more additional paying
agents. The term “Paying Agent” includes any additional paying agent.

     The Company shall enter into an appropriate agency agreement with any Agent not a party to
this Indenture. The agreement shall implement the provisions of this Indenture that relate to such
Agent. The Company shall give prompt written notice to the Trustee of the name and address of any
such Agent and the Trustee shall have the right to inspect the Security Register at
all reasonable times and to obtain copies thereof. If the Registrar shall not be

 

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the Trustee in respect of any Series, the Company shall promptly notify the Registrar as to the
amounts and terms of each Security of such Series which shall be authenticated and delivered
hereunder, and as to the names in which such Securities shall be registered. If the Company fails
to maintain a Registrar or Paying Agent, the Trustee shall act as such and shall be entitled to
appropriate compensation therefor pursuant to Section 7.07.

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

     Section 2.05. Paying Agent to Hold Money In Trust.

     Each Paying Agent shall hold in trust for the benefit of Securityholders or the Trustee all
money held by the Paying Agent for the payment of principal
of or interest on the Securities (whether such money has been paid to it by the Company or any
other obligor on the Securities), and shall notify the Trustee of any default by the Company (or
any other obligor on the Securities) in making any such payment. If the Company or a Subsidiary
acts as Paying Agent, it shall segregate the money and hold it as a separate trust fund. The
Company at any time may require a Paying Agent to pay all money held by it to the Trustee and
account for any funds disbursed and the Trustee may at
any time during the continuance of any payment default, upon written request to a Paying
Agent, require such Paying Agent to pay all money held by it to
the Trustee and to account for any funds disbursed. Upon doing so the Paying Agent shall have
no further liability for the money.

     Section 2.06. Securityholder Lists

     The Trustee shall preserve in as current a form as is reasonably practicable the most recent
list furnished to it of the names and addresses of Securityholders. If the Trustee is not the
Registrar, the Company shall furnish to the Trustee ten days before each Interest Payment Date and
at such other times
as the Trustee may request in writing a list in such form and as of such date as the Trustee
may reasonably require of the names and addresses of Holders of Securities of any Series and the
Company shall otherwise comply with Section 312(a) of the TIA.

     The Trustee shall be entitled to rely upon a certificate of the Registrar, the Company or such
other Paying Agent, as the case may be, as to the names
and addresses of the Holders of Securities of any Series and the principal amounts and serial
numbers of such Securities.

 

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     Section 2.07. Transfer and Exchange.

     When Securities are presented to the Registrar or a co-Registrar with a request to register
the transfer or to exchange them for an equal principal amount of Securities of the same Series and
Stated Maturity of other authorized denominations, the Registrar shall register the transfer or
make the exchange as requested if its requirements for such transactions are met. To permit
registrations of transfers and exchanges, the Company shall execute
and the Trustee shall authenticate Securities at the Registrar’s request. No service charge
shall be made to any Holder for any registration of transfer or exchange, but the Company or the
Trustee may require payment of a sum sufficient to cover any transfer tax or similar governmental
charge payable in connection therewith (other than any such transfer taxes or similar governmental
charge payable upon exchanges pursuant to Section 2.11, 3A.08 or 9.05 in which case such transfer
taxes or similar governmental charges shall be paid by the Company).

     The Company shall not be required (i) to issue, register the transfer of or exchange any
Security of any Series during a period beginning at the opening of the day which is 15 Business
Days before the day of the mailing of a notice of redemption of Securities of such Series selected
for redemption under Section 3A.04 or 3B.01 and ending at the close of business on the day of such
mailing, or (ii) to register the transfer of or exchange any Security so selected for redemption in
whole or in part, except, in the case of any Security to be redeemed in part, the portion thereof
not to be redeemed.

     Section 2.08. Replacement Securities.

     If a mutilated Security is surrendered to the Trustee or if the Holder of a Security claims
that the Security has been lost, destroyed or wrongfully taken, the Company shall issue and the
Trustee shall authenticate a replacement Security of like tenor, Series and principal amount,
bearing a number not assigned to any Security of the same Series then outstanding, if the Trustee’s
requirements are met. If required by the Trustee or the Company, an indemnity bond must be
sufficient in the judgment of the Trustee to protect the Company, the Trustee or any Agent from any
loss which any of them may suffer if a Security is replaced. The Company may charge such Holder
for its expenses in replacing a Security.

     Every replacement Security is an additional obligation of the Company.

 

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     Section 2.09. Outstanding Securities.

     Securities, or Securities of any particular Series, outstanding at any time are all such
Securities that have been authenticated and delivered by the Trustee except for those cancelled by
it, those delivered to it for cancellation and those described in this Section as not outstanding.
A Security does not cease to be outstanding because the Company or one of its Affiliates holds the
Security.

     If a Security is replaced pursuant to Section 2.08, it ceases to be outstanding unless the
Trustee receives proof satisfactory to it that the replaced Security is held by a bona fide
purchaser.

     If the Trustee or Paying Agent (other than the Company or a Subsidiary) holds on the Maturity
Date or Redemption Date money sufficient to pay Securities payable on such date, then on and after
that date such Securities cease to be outstanding and interest on them ceases to accrue; provided
that, if such Securities 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.

     Section 2.10. Treasury Securities.

     In determining whether the Holders of the required principal amount of Securities of any
Series have concurred in any direction, waiver or consent (a) the principal amount of an Original
Issue Discount Security of such Series that shall be deemed to be outstanding for such purposes
shall be the amount that would be due and payable as of the date of determination upon a
declaration
of acceleration thereof pursuant to Section 6.02 and (b) Securities of such Series owned by
the Company or an Affiliate of the Company shall be disregarded, except that for the purposes of
determining whether the Trustee shall be protected in relying on any such direction, waiver or
consent, only Securities of such Series which the Trustee actually knows are so owned shall be so
disregarded. Upon the request of the Trustee, the Company shall furnish to
the Trustee an Officers” Certificate identifying all Securities of such Series, if any, known
by the Company to be owned by it or any of its Affiliates.

     Section 2.11. Temporary Securities

     Until definitive Securities of any Series are ready for delivery, the Company may prepare and
execute and, upon compliance with the requirements of Section 2.03, the Trustee shall authenticate
temporary Securities of such Series. Temporary Securities of any Series shall be substantially in
the form of

 

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definitive Securities of such Series but may have variations that the Company considers
appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and
the Trustee shall authenticate definitive Securities for such Series in exchange for temporary
Securities of such Series in an exchange pursuant to Section 2.07.

     Section 2.12. Cancellation.

     The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar
and the Paying Agent shall forward to the Trustee any Securities surrendered to them for transfer,
exchange or payment. The Trustee and no one else shall cancel all Securities surrendered for
transfer, exchange, payment or cancellation or for credit against any Sinking Fund Payment in
respect of such Series pursuant to Section 3B.02. The Company may not issue new Securities to
replace Securities it has paid or delivered to the Trustee for cancellation.

     Section 2.13. Defaulted Interest.

     If the Company defaults in a payment of interest on the Securities of any Series, it shall pay
the defaulted interest, plus any interest payable on the defaulted interest, to the persons who are
Holders of such Securities on a subsequent special record date (“Special Record Date”) and such
term, as used in this Section 2.13 with respect to the payment of any defaulted interest, shall
mean the fifteenth day next preceding the date fixed by the Company for the payment of defaulted
interest, whether or not such day is a Business Day. At least 15 days before the Special Record
Date, the Company shall mail to each holder of such Securities a notice that states the Special
Record Date, the payment date and the amount of defaulted interest to be paid.

     Section 2.14. Persons Deemed Owners.

     The Company, the Trustee and any Agent 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
(subject to Section 2.13) interest on such Security and for all other purposes whatsoever, whether
or not such Security shall have matured, and neither the Company, the Trustee nor any Agent shall
be affected by any notice to the contrary.

 

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ARTICLE 3A

Redemption

     Section 3A.01. Right of Redemption.

     Redeemable Securities may be redeemed otherwise than through the operation of the Sinking Fund
provided for in Article 3B at the election of the Company at the times, on the conditions and at
the Redemption Prices specified therein, in (or pursuant to) the Authorizing Resolution relating
thereto or in the supplemental indenture (if any) executed in connection with the issuance of such
Securities to the extent provided therein, any Redemption Price to be accompanied by accrued
interest to the Redemption Date.

     Section 3A.02. Applicability of Article.

     Redemption of Securities at the election of the Company or otherwise, as permitted or required
by any provision referred to in Section 3A.01, shall be made in accordance with such provision and
this Article.

     Section 3A.03. Election to Redeem; Notice to Trustee.

     The election of the Company to redeem any Securities of any Series shall be evidenced by a
Board Resolution or set forth in an Officers’ Certificate which states that such election has been
duly authorized by all requisite corporate action on the part of the Company. In case of any
redemption at the election
of the Company of less than all of the Securities of such Series the Company shall, at least
60 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be
satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the principal
amount of Securities of the Series or the several Series, as the case may be, to be redeemed. In
the case of any redemption of Securities prior to the expiration of any restriction on such
redemption provided in the Securities or elsewhere in this Indenture, the Company shall furnish the
Trustee with an Officers’ Certificate evidencing compliance with such restriction.

     Section 3A.04. Selection by Trustee of Securities to be Redeemed.

     If less than all the Securities of any Series are to be redeemed, the particular Securities of
such Series to be redeemed shall be selected not more than 90 days prior to the Redemption Date by
the Trustee, from the outstanding Securities of such Series not previously called for redemption,
in compliance

 

21

with the requirements of the principal national securities exchange, if any, on which such
Securities are listed or, if the Securities are not listed on a national securities exchange, on a
pro rata basis or by lot. The Trustee may select for redemption portions (equal to the minimum
authorized denomination of the Series or any integral multiple thereof) of the principal amount of
such Securities of a denomination larger than such minimum denomination. If the Company shall so
specify, Securities held by the Company or any of its Subsidiaries or Affiliates shall not be
included in the Securities selected for redemption.

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

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

     Section 3A.05. Notice of Redemption.

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

     All notices of redemption shall state:

     (1) the Redemption Date;

     (2) the Redemption Price;

     (3) if less than all outstanding Securities of the Series are to be redeemed, the
identification (and, in the case of partial redemption, the principal amount) of the particular
Securities to be redeemed;

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

     (5) that the redemption is for a Sinking Fund, if such is the case; and

     (6) the place or places where such Securities are to be surrendered for payment of the
Redemption Price.

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

 

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     Section 3A.06. Deposit of Redemption Price.

     On or prior to any Redemption Date, 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 2.05) an amount of money sufficient to pay the Redemption Price of, and (except
if the Redemption Date shall be an Interest Payment Date) any accrued interest on, all the
Securities or portions thereof which are to be redeemed on that date.

     Section 3A.07. Securities Payable on Redemption Date.

     Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall,
on the Redemption Date, become due and payable at the Redemption Price thereof and from and after
such date (unless the Company shall default in the payment of the Redemption Price and accrued
interest)
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, together with accrued interest to
the Redemption Date; provided, however, that installments of interest whose Stated Maturity is
on or prior to the Redemption Date shall be payable to the Holders of such Securities registered as
such on the relevant Regular or Special Record Date according to their terms and the provisions of
such Security and Section 2.13.

     If any Security called for redemption shall not be so paid upon surrender thereof for
redemption, the principal shall, until paid or duly provided for,
bear interest from the Redemption Date at the rate borne by the Security or,
in the case of Original Issue Discount Securities, at a rate equal to the Yield to Maturity
thereof.

     Section 3A.08. Securities Redeemed in Part.

     Any Security which is to be redeemed only in part shall be surrendered at the office or agency
of the Company maintained for that purpose pursuant to Section 4.02 (with, if the Company or the
Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory
to the Company
and the Trustee duly executed by, the Holder thereof or his 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 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.

 

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ARTICLE 3B

Sinking Fund

     Section 3B.01. Sinking Fund Payments.

     As and for a Sinking Fund for the retirement of Sinking Fund Securities,
the Company will, until all such Securities are paid or payment thereof is duly provided for,
deposit in accordance with Section 3A.06, at such times and subject to such terms and conditions as
shall be specified in the provisions of such Securities and the Authorizing Resolution and/or
supplemental indenture (if any) relating thereto, such amounts in cash or such other Required Currency as shall
be required or permitted under such provisions in order to redeem Securities on the specified
Redemption Dates at a Redemption Price equal to their principal amounts, less in each such case the
amount of any credit against such payment received by the Company under Section 3B.02. Each such
Sinking Fund payment shall be applied to the redemption of Securities on the specified Redemption
Date as herein provided.

     Section 3B.02. Satisfaction of Sinking Fund Payments with Securities.

     The Company (1) may deliver Securities of the same Series (other than any Securities of such
Series previously called for redemption pursuant to the Sinking Fund or theretofore applied as a
credit against a Sinking Fund payment) and (2) may apply as a credit Securities of the same Series
redeemed at the election of the Company pursuant to Section 3A.01 or through the operation of the
Sinking Fund in any period in excess of the minimum amount required for such period under Section
3B.01 and not theretofore applied as a credit against a Sinking Fund payment, in each case in
satisfaction of all or
any part of any Sinking Fund payment required to be made pursuant to Section 3B.01. Each such Security so delivered or applied shall be credited for such purpose by
the Trustee at a Redemption Price equal to its principal amount or, in the case of an Original
Issue Discount Security, its then accreted value, and the required amount of such Sinking Fund
payment in respect of such Series shall be reduced accordingly.

 

24

     Section 3B.03. Redemption of Securities for Sinking Fund.

     If in any year the Company shall elect to redeem in excess of the minimum principal amount of
Securities of any Series required to be redeemed pursuant to Section 3B.01 or to satisfy all or any
part of any Sinking Fund payment by delivering or crediting Securities of the same Series pursuant
to Section 3B.02, then at least 45 days prior to the date on which the Sinking Fund payment in
question shall be due (or such shorter period as shall be approved by the Trustee), the Company
shall deliver to the Trustee an Officers’ Certificate specifying the amount of the Sinking Fund
payment and the portions thereof which are to be satisfied by payment of cash or such other
Required Currency, by delivery of Securities of such Series or by crediting Securities of such
Series, and, at least 45 days prior to the Sinking Fund payment date (or such shorter period as
shall be approved by the Trustee), will also deliver to the Trustee
the Securities of such Series to be so delivered. Such Officers’ Certificate shall also state
that the Securities forming the basis of any such credit do not include any Securities which have
been redeemed through the operation of the Sinking Fund in the minimum amount required under
Section 3B.01 or previously credited against any Sinking Fund payment. The Trustee shall, upon the
receipt of such Officers’ Certificate (or, if it shall not have received such an Officers’
Certificate at least 45 days prior to the Sinking Fund payment date, then following such 45th day),
select the Securities of such Series to be redeemed upon the next Sinking Fund payment date, in the
manner specified in Section 3A.04, and cause notice of the redemption thereof to be given in the
name of and at the expense of the Company in the manner provided in Section 3A.05. Such notice
having been duly given, the redemption of such Securities shall be made upon the terms and in the
manner stated in Sections 3A.06, 3A.07 and 3A.08.

ARTICLE 4

Covenants

     Section 4.01. Payment of Securities

     The Company shall pay the principal of and interest on the Securities of each Series on the
dates and in the manner provided in the Securities and in this Indenture. An installment of
principal or interest shall be considered paid on the date due if the Trustee or Paying Agent
(other than the Company or a Subsidiary) holds on that date money designated for and sufficient to
pay the installment.

 

25

     The Company shall pay interest on overdue principal at the respective rates borne by such
Securities or, in the case of Original Issue Discount Securities, at rates equal to the respective
Yields to Maturity thereof; it shall pay interest on overdue installments of interest at the
respective rates borne by such Securities to the extent lawful.

     Section 4.02. Maintenance of Office or Agency.

     Except as otherwise provided in the Authorizing Resolutions and/or supplemental indenture (if
any) relating to any Series, the Company will maintain in the City of Detroit, Michigan, an office
or agency where Securities may be surrendered for registration of transfer or exchange or for
presentation for payment and where notices and demands to or upon the Company in respect
to the Securities and this Indenture may be served. The Company will give prompt written
notice to the Trustee of the location, and any change in the location, of such office or agency.
If at any time the Company shall fail to maintain any such required office or agency or shall fail
to furnish the Trustee with the address thereof, such presentations, surrenders, notices and
demands may be made or served at the address of the Trustee set forth in Section 10.02.

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

     The Company hereby initially designates the Trustee in the City of Detroit, Michigan, as an
agency of the Company in accordance with Section 2.04.

     Section 4.03. Corporate Existence.

     Subject to Article 5 and Section 4.07, the Company will do or cause to be done all things
necessary to preserve and keep in full force and effect its corporate existence and the corporate,
partnership or other existence of each

 

26

material Subsidiary in accordance with the respective organizational documents of each such
Subsidiary and the rights (charter and statutory) and material franchises of the Company and its
material Subsidiaries; provided, however, that the Company shall not be required to preserve any
such right or franchise, or the corporate existence of any material Subsidiary, if the Board
of Directors or management of the Company or such Subsidiary shall determine that the
preservation thereof is no longer desirable in the conduct of the business of the Company and its
Subsidiaries, taken as a whole, and if the loss thereof is not, and will not be, adverse in any
material respect to the Holders.

     Section 4.04. Payment of Taxes and Other Claims

     The Company will pay or discharge or cause to be paid or discharged, before the same shall
become delinquent, (1) all material taxes, assessments and governmental charges levied or imposed
upon the Company or any Subsidiary or upon the income, profits or property of the Company or any
Subsidiary and (2) all lawful claims for labor, materials and supplies which, if unpaid, might by
law become a material Lien upon the property of the Company or any Subsidiary; provided, however,
that the Company shall not be required to pay or discharge or cause to be paid or discharged any
such tax, assessment, charge or claim whose amount, applicability or validity is being contested in
good faith by appropriate proceedings and for which appropriate provision has been made.

     Section 4.05. Notice of Defaults.

     In the event that any Indebtedness of the Company or any of its Subsidiaries is declared due
and payable before its maturity because of the occurrence of any default (or any event which, with
notice or the lapse of time, or both, shall constitute such default) under such Indebtedness, the
Company will promptly give written notice to the Trustee of such declaration.

     Section 4.06. Maintenance of Properties

     Subject to Section 4.07, the Company will cause all material properties owned by or leased to
it or any Subsidiary and used or useful in the conduct
of its business or the business of any Subsidiary to be maintained and kept in normal
condition, repair and working order and supplied with all necessary equipment and will cause to be
made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in
the judgment of the

 

27

Company may be necessary, so that the business carried on in connection therewith may be
properly and advantageously conducted at all times; provided, however, that nothing in this Section
shall prevent the Company or any Subsidiary from discontinuing the use, operation or maintenance of
any of such properties, or disposing of any of them, if such discontinuance or disposal is, in the
judgment of the Board of Directors or of the board of directors, board of trustees or managing
partners of the Subsidiary concerned, or of an officer (or other agent employed by the Company or
of any of its Subsidiaries) of the Company or such Subsidiary having managerial responsibility for
any such property, desirable in the conduct of the business of the Company or any Subsidiary, and
if such discontinuance or disposal is not disadvantageous in any material respect to the Holders.

     Section 4.07. Liquidation.

     The Board of Directors or the stockholders of the Company may not adopt
a plan of liquidation which provides for, contemplates or the effectuation of which is
preceded by (i) the sale, lease, conveyance or other disposition of all or substantially all of the
assets of the Company otherwise than substantially
as an entirety (Article 5 of this Indenture being the Article which governs any such sale,
lease, conveyance or other disposition substantially as an entirety) and (ii) the distribution of
all or substantially all of the proceeds of such sale, lease, conveyance or other disposition and
of the remaining assets of the Company to the holders of Capital Stock of the Company, unless the
Company shall in connection with the adoption of such plan make provisions for, or agree that prior
to making any liquidating distributions it will make provisions for, the satisfaction of the
Company’s obligations hereunder and under the Securities of each Series as to the payment of
principal and interest. The Company shall be deemed to make provision for such payments only if
(a) the Company delivers in trust to the Trustee or Paying Agent (other than the Company or a
Subsidiary) (i) in the case of any Securities of any Series denominated in United States dollars,
an amount of cash sufficient to pay principal of and interest on such outstanding Securities at
their respective Stated Maturities or U.S. Government Obligations in an aggregate principal amount
equal to the unpaid principal amount of such Securities and having maturities and interest payment
dates that shall coincide, as nearly as may be practicable, with the dates that the principal of
and interest on such Securities are due and (ii) in the case of any Securities of any Series
denominated in any currency other than United States dollars, an amount of the Required Currency
suffi-

 

28

cient to pay principal of and interest on such outstanding Securities at their respective
Stated Maturities or (b) there is an express assumption of the due and punctual payment of the
Company’s obligations hereunder and under the Securities of each Series and the performance and
observance of all covenants and conditions to be performed by the Company hereunder, by the
execution and delivery of a supplemental indenture in form satisfactory to the Trustee
by a person which acquires or will acquire (otherwise than pursuant to a lease) a portion of
the assets of the Company, and which person will have assets (immediately after the acquisition)
and aggregate net earnings (for such person’s four full fiscal quarters immediately preceding the
acquisition) equal to not less than the assets of the Company (immediately preceding the
acquisition) and the aggregate net earnings of the Company (for its four full fiscal quarters
immediately preceding such acquisition), respectively, and which is organized and existing under
the laws of the United States, any State thereof
or the District of Columbia; provided, however, that the Company shall not make any
liquidating distribution until after the Company shall have certified to the Trustee with an
Officers’ Certificate and an Opinion of Counsel at least five days prior to the making of any
liquidating distribution that it has complied with the provisions of this Section 4.07.

     Section 4.08. Compliance Certificate.

     The Company shall deliver to the Trustee within 90 days after the end of each fiscal quarter
of the Company an Officers’ Certificate stating whether or not the signers know of any Default or
Event of Default by the Company that occurred during such fiscal quarter and whether all of the
conditions and covenants of the Company have been complied with regardless of any period of grace
or requirement of notice provided under the Indenture. If they do know of such a Default or Event
of Default, the certificate shall describe the Default or Event of Default, as the case may be, and
its status. The first Officers’ Certificate to be delivered pursuant to this Section 4.08 shall be
for the fiscal quarter ending immediately after the Original Issue Date.

     Section 4.09. SEC Reports.

     (a) The Company shall file with the Trustee within 15 days after it files them with the SEC
copies of the annual reports and of the information, documents and other reports (or copies of such
portions of any of the foregoing as the
SEC may by rules and regulations prescribe) which the Company is required
to file with the SEC pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934, as amended. The Company also shall comply with the other provisions of TIA §
314(a).

 

29

     (b) So long as the Securities of any Series remain outstanding, the Company shall cause its
annual report to stockholders and any quarterly or other financial reports furnished by it to
stockholders to be mailed to the Holders of Securities outstanding at their addresses appearing in
the Security Register.

     Section 4.10. Waiver of Stay, Extension or Usury Laws

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

     Section 4.11. Restrictions on Liens.

     The Company will not incur, create, assume or otherwise become liable in respect of any
Indebtedness secured by a Lien, or guarantee any Indebtedness with a guarantee which is secured by
a Lien, on any Principal Domestic Property of the Company without effectively providing that the
Securities of each Series (together with, if the Company shall so determine, any other Indebtedness
of the Company then existing or thereafter created ranking equally with the Securities of each
Series) shall be secured equally and ratably with (or, at the option of the Company, prior to) such
secured Indebtedness, so long as such secured Indebtedness shall be so secured; provided, however,
that this Section 4.11 shall not apply to Indebtedness secured by:

     (1) Liens existing on the date of this Indenture;

     (2) Liens securing Indebtedness issued pursuant to the General
Mortgage;

     (3) Permitted Liens;

 

30

     (4) Liens which require the consent of the holders of indebtedness issued pursuant to the
General Mortgage and such consent has been received in accordance with the General Mortage;

     (5) Liens which consist of pledges of indebtedness issued pursuant to the General Mortgage
to secure other indebtedness provided that the principal amount of indebtedness so pledged shall
not exceed the amount of the other indebtedness secured thereby;

     (6) Liens in favor of governmental bodies to secure progress, advance or other payments;

     (7) Liens existing on property, shares of stock or Indebtedness at the time of acquisition
thereof (including acquisition through lease, merger or consolidation) or Liens to secure the
payment of all or any part of the purchase price thereof or the purchase price of construction,
installation, renovation, improvement or development thereon or thereof or to secure any
Indebtedness incurred prior to, at the time of, or within 360 days after the later of
the acquisition, completion of such construction, installation, renovation, improvement or
development or the commencement of full operation of such property or within 360 days after the
acquisition of such shares or Indebtedness for the purpose of financing all or any part of the
purchase price thereof;

     (8) Liens securing Indebtedness in an aggregate amount which, at the time of incurrence and
together with all outstanding Attributable Debt in respect of Sale and Leaseback Transactions
permitted by clause (y) of the second paragraph of Section 4.12, does not exceed five percent of
the Net Tangible Assets of the Company; and

     (9) any extension, renewal or replacement (or successive extensions, renewals or
replacements), as a whole or in part, of any Lien referred to in
the foregoing clauses (1) to (8) inclusive; provided, that such extension, renewal or
replacement of such Lien is limited to all or any part of the same property that secured the
Lien extended, renewed or replaced (plus improvements on such property), and that such secured
Indebtedness at such time
is not increased.

     If at any time the Company shall incur, create, assume or otherwise become liable in respect
of any Indebtedness secured by a Lien, or guarantee any Indebtedness with a guarantee which is
secured by a Lien, on any Principal Domestic Property of the Company other than as permitted under
clauses (1) through (9) of this Section 4.11, the Company shall promptly deliver to the Trustee (i)
an Officers’ Certificate stating that the covenant of the Company to secure the Securities equally
and ratably with such secured Indebtedness pursuant to this Section 4.11 has been complied with and
(ii) an Opinion of

 

31

Counsel that such covenant has been complied with and that any instruments executed by the
Company in performance of such covenant comply with the requirements of such covenant.

     Section 4.12. Restrictions on Sales and Leasebacks.

     The Company will not sell or transfer any Principal Domestic Property of the Company, with the
Company taking back a lease of such Principal Domestic Property of the Company (a “Sale and
Leaseback Transaction”), unless (i) such Principal Domestic Property of the Company is sold within
360 days from the date of acquisition of such Principal Domestic Property of the Company or the
date of the completion of construction or commencement of full operations on such Principal
Domestic Property of the Company, whichever
is later, or (ii) the Company, within 120 days after such sale, applies or causes to be
applied to the retirement of Funded Debt of the Company (other than Funded Debt of the Company
which by its terms or the terms of the instru-
ment pursuant to which it was issued is subordinate in right of payment to the Securities of
each Series) an amount not less than the greater of (A) the net proceeds of the sale of such
Principal Domestic Property of the Company or (B) the fair value (as determined in any manner
approved by the Board of Directors) of such Principal Domestic Property of the Company.

     The provisions of this Section 4.12 shall not prevent a Sale and Leaseback Transaction (x) if
the lease entered into by the Company in connection therewith is for a period, including renewals,
of not more than 36 months or (y) if the Company would, at the time of entering into such Sale and
Leaseback Transaction, be entitled, without equally and ratably securing the Securities,
to create or assume a Lien on such Principal Domestic Property securing Indebtedness in an
amount at least equal to the Attributable Debt in respect
of such Sale and Leaseback Transaction pursuant to clause (8) of Section 4.11.

ARTICLE 5

Successor Corporation

     Section 5.01. When Company May Merge, etc.

     The Company shall not consolidate with or merge with or into any other corporation or transfer
all or substantially all of its properties and assets as an entirety to any person, unless:

 

32

     (1) either the Company shall be the continuing person, or the person (if other than the
Company) formed by such consolidation or into which the Company is merged or to which all or
substantially all of the properties and assets of the Company as an entirety are transferred
shall be a corporation organized and existing under the laws of the United States or any State
thereof or the District of Columbia and shall expressly assume, by an indenture supplemental
hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, all the
obligations of the Company under the Securities of each Series and this Indenture;

     (2) immediately before and immediately after giving effect to such transaction, no Event of
Default and no Default shall have occurred and be continuing; and

     (3) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that such consolidation, merger or transfer and such supplemental
indenture comply with this Article and that all conditions precedent herein provided for
relating to such transactions have been complied with.

     Notwithstanding the foregoing, any Subsidiary may consolidate with, merge into or transfer all
or part of its properties and assets to the Company or any other Subsidiary or Subsidiaries.

     Section 5.02. Successor Corporation Substituted.

     Upon any consolidation or merger, or any transfer of all or substantially all of the
properties and assets of the Company in accordance with Section 5.01, the successor corporation
formed by such consolidation or into which the Company is merged or to which such transfer 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 corporation had been named as
the Company herein.

ARTICLE 6

Default And Remedies

     Section 6.01. Events of Default.

     An “Event of Default” occurs if, with respect to any Series of Securities, unless it is either
inapplicable to a particular Series or it is specifically deleted or modified in the Authorizing
Resolution and/or supplemental indenture (if any) in respect of the Series, and upon any other
events which may be specified

 

33

as Events of Default in the Authorizing Resolution and/or supplemental indenture (if any) in
respect of such Series:

     (1) the Company defaults in the payment of interest on any Securities of such Series when
the same becomes due and payable and the default continues for a period of 30 days;

     (2) the Company defaults in the payment of the principal of any Securities of such Series
when the same becomes due and payable at its Maturity
or otherwise or defaults in the deposit of any Sinking Fund installment in respect of such
Series, when and as payable by the terms of Section 3B.01 hereof;

     (3) the Company fails to comply with any of its other agreements contained in the
Securities of such Series or this Indenture (other than an agreement relating exclusively to
another Series of Securities) and the default continues for the period and after the notice
specified below;

     (4) there shall be a default under any bond, debenture, note or other evidence of
indebtedness for money borrowed or under any mortgage, indenture or other instrument under which
there may be issued or by which there may be secured or evidenced any indebtedness for money
borrowed
by the Company or under any guarantee of payment by the Company of indebtedness for money
borrowed, whether such indebtedness or guarantee now exists or shall hereafter be created, and
the effect of such default is to cause such indebtedness to become due prior to its stated
maturity; provided, however, that no default under this clause (4) shall exist if all such
defaults do not relate to such indebtedness or such guarantees with an aggregate principal
amount in excess of $5,000,000 at the time outstanding;

     (5) the Company pursuant to or within the meaning of any Bankruptcy Law:

          (A) commences a voluntary case or proceeding,

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

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

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

     (6) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law
that:

          (A) is for relief against the Company in an involuntary case or proceeding,

          (B) appoints a Custodian of the Company for all or substantially all of its properties,
or

 

34

          (C) orders the liquidation of the Company,
and in each ease the order or decree retrains unstayed and in effect for 60 days; or

     (7) final judgments for the payment of money which in the aggregate exceed $5,000,000 at
the time outstanding shall be rendered against the Company by a court of competent jurisdiction
and shall remain undischarged for a period (during which execution shall not be effectively
stayed) of 60 days after such judgment becomes final and nonappealable.

     The term “Bankruptcy Law” means Title 11, U.S. Code or any similar Federal or state law for
the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator,
sequestrator or similar official under any Bankruptcy Law.

     A Default under clause (3) is not an Event of Default until the Trustee notifies the Company,
or the Holders of at least 25% in principal amount of
the outstanding Securities of such Series notify the Company and the Trustee, of the Default
and the Company does not cure the Default within 30 days after receipt of the notice. The notice
must specify the Default, demand that it be remedied and state that the notice is a “Notice of
Default.” When a Default is cured, it ceases. Such notice shall be given by the Trustee if so
requested by the Holders of at least 25% in principal amount of the Securities of such Series then
outstanding.

     Subject to the provisions of Sections 7.01 and 7.02, the Trustee shall not be charged with
knowledge of any Event of Default unless written notice thereof shall have been given to a Trust
Officer at the corporate trust office of the Trustee by the Company, the Paying Agent, any Holder
or an agent of any Holder.

     Section 6.02. Acceleration.

     If an Event of Default (other than an Event of Default specified in Section 6.01(5) or (6))
with respect to Securities of any Series occurs and is continuing, the Trustee may, by notice to
the Company, or the Holders of at least 25% in principal amount of such Securities of such Series
then outstanding may, by notice to the Company and the Trustee, and the Trustee shall, upon the
request of such Holders, declare all unpaid principal (or, if such Securities are Original Issue
Discount Securities, such portion of the principal amount as may then
be payable on acceleration as provided in the terms thereof) and accrued

 

35

interest to the date of acceleration on all such Securities of such Series then outstanding
(if not then due and payable) to be due and payable and, upon
any such declaration, the same shall become and be immediately due and payable. If an Event
of Default specified in Section 6.01(5) or (6) occurs, all unpaid principal (or, if any Securities
are Original Issue Discount Securities, such portion of the principal amount as may then be payable
on acceleration
as provided in the terms thereof) and accrued interest on all Securities of every Series then
outstanding shall ipso facto become and be immediately due and payable without any declaration or
other act on the part of the Trustee or any Securityholder. Upon payment of such principal amount
and interest, all of
the Company’s obligations under such Securities of such Series and this Indenture with respect
to such Securities of such Series, other than obligations under Section 7.07, shall terminate. The
Holders of a majority in principal amount of the Securities of such Series then outstanding by
notice to the Trustee may rescind an acceleration and its consequences if (i) all existing Events
of Default, other than the non-payment of the principal of the Securities of such Series which has become due solely by such declaration of acceleration, have been
cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue
installments of interest and overdue principal, which has become due otherwise than by such
declaration of acceleration, has been paid, (iii) the rescission would not conflict with any
judgment or decree of a court of competent jurisdiction and (iv) all payments due to the Trustee
and any predecessor Trustee under Section 7.07 have been made. Anything herein contained to the
contrary notwithstanding, in the event of any acceleration pursuant to this Section 6.02, the
Company shall not be obligated to pay any premium in connection with any repayment arising from an
Event of Default.

     Section 6.03. Other Remedies.

     If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy
by proceeding at law or in equity to collect the payment of principal of or interest on the
Securities of the Series as to which the Event of Default shall have occurred or to enforce the
performance of any provision of such Securities or the Indenture.

     The Trustee may maintain a proceeding even if it does not possess any of
the Securities of the Series as to which the Event of Default shall have occurred or does not
produce any of them in the proceeding. A delay or omission by

 

36

the Trustee or any Securityholder in exercising any right or remedy accruing upon an Event of
Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event
of Default. No remedy is exclusive of any other remedy. All available remedies are cumulative to
the extent permitted by law.

     Section 6.04. Waiver of Past Defaults.

     Subject to Sections 6.07 and 9.02, the Holders of a majority in principal amount of the
outstanding Securities of a Series by written notice to the Trustee may waive an existing Default
or Event of Default and its consequences, except a Default in the payment of principal of or
interest on any
such Security as specified in clauses (1) and (2) of Section 6.01. When a Default or Event of
Default is waived, it is cured and ceases.

     Section 6.05. Control by Majority.

     The Holders of a majority in principal amount of the outstanding Securities of a Series (or,
if more than one Series is affected, of all such Series voting as a single class) may direct the
time, method and place of conducting any proceeding for any remedy available to the Trustee or
exercising any trust or power conferred on it. However, the Trustee may refuse to follow any
direction that conflicts with any law or this Indenture that the
Trustee determines may be unduly prejudicial to the rights of another Securityholder, or that may involve the Trustee
in personal liability; provided that the Trustee may take any other action deemed proper by the
Trustee which is not inconsistent with such direction.

     Section 6.06. Limitation on Suits.

     A Securityholder may not pursue any remedy with respect to this Indenture or the Securities of
the applicable Series unless.

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

     (2) the Holders of at least 25% in principal amount of the outstanding Securities of the
Series in respect of which the Event of Default has occurred make a written request to the
Trustee to pursue a remedy;

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

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

 

37

     (5) during such 60-day period the Holders of a majority in principal amount of the
outstanding Securities of such Series do not give the Trustee
a direction which, in the opinion of the Trustee, is inconsistent with the request.

     A Holder of Securities of any Series may not use this Indenture to prejudice the rights of any
other Holders of Securities of that Series or to obtain a preference or priority over any other
Holders of Securities of that Series.

     Section 6.07. Rights of Holders to Receive Payment.

     Notwithstanding any other provision of this Indenture, the right of any Holder to receive
payment of principal of and interest on the Security, on or after the respective due dates
expressed in such Security, or to bring suit for
the enforcement of any such payment on or after such respective dates, shall not be impaired
or affected without the consent of such Holder.

     Section 6.08. Collection Suit by Trustee.

     If an Event of Default in payment of interest or principal specified in Section 6.01(1) or (2)
occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an
express trust against the Company or any other obligor on the Securities of the Series in respect
of which the Event of Default has occurred for the whole amount of principal and accrued interest
remaining unpaid, together with interest overdue on principal or, in the case
of Original Issue Discount Securities, the then accreted value, and to the extent that payment
of such interest is lawful, interest on overdue installments of interest, in each case at the rate
per annum borne by such Securities or, in the case of Original Issue Discount Securities, at a rate
equal to the Yield to Maturity thereof, and such further amount as shall be sufficient to cover the
costs and expenses of collection, including the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel.

     Section 6.09. Trustee May File Proofs of Claim.

     The Trustee may file such proofs of claim and other papers or documents as may be necessary or
advisable in order to have the claims of the Trustee (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the
Securityholders allowed in any judicial proceedings relative to the Company (or any other obligor
upon the Securities), its creditors or its property and shall be entitled

 

38

and empowered to collect and receive any monies or other property payable
or deliverable on any such claims and to distribute the same, and any Custodian in any such
judicial proceedings is hereby authorized by each Securityholder to make such payments to the
Trustee and, in the event that
the Trustee shall consent to the making of such payments directly to the Securityholders, to
pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under
Section 7.07. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Securityholder any plan of
reorganization, arrangement, adjustment or composition affecting the Securities of any Series or
the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of
any Securityholder in any such proceeding.

     Section 6.10. Priorities.

     If the Trustee collects any money or property pursuant to this Article 6 with respect to
Securities of a Series, it shall pay out the money or property in the following order:

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

     Second: to Holders for amounts due and unpaid on the Securities of such Series in respect
of which monies have been collected for principal and interest, ratably, without preference or
priority of any kind, according to the amounts due and payable on such Securities for principal
and interest, respectively; and

     Third: to the Company.

     The Trustee, upon prior written notice to the Company, may fix a record date and payment date
for any payment to Securityholders pursuant to this Section 6.10.

     Section 6.11. Undertaking for Costs.

     In any suit for the enforcement of any right or remedy under this Indenture or in any suit
against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may
require the filing by any party litigant in the suit of are undertaking to pay the costs of the
suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’
fees, against any party litigant in the suit, having due regard to the merits and good

 

39

faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply
to a suit by the Trustee, a suit by a Holder pursuant to Section 6.07, or a suit by any Holder or a
group of Holders of more than 10% in principal amount of the outstanding Securities of all Series
(or, if the matter in issue does not relate to all Series of Securities, then the Holders of 10% in
principal amount of the outstanding Securities of all Series to which such issue relates) (treated
as a single class).

ARTICLE 7

Trustee

Section 7.01. Duties of Trustee

     (a) The Trustee, except during the continuance of an Event of Default known to it pursuant to
Section 6.01, undertakes to perform such duties and only such duties as are specifically set forth
in this Indenture. If an Event of Default known to the Trustee pursuant to Section 6.01 has
occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in
it by this Indenture and use the same degree of care and skill in their exercise as a prudent
person would exercise or use under the circumstances in the conduct of his own affairs.

     (b) Except during the continuance of an Event of Default known to the Trustee pursuant to
Section 6.01:

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

     (2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the
truth of the statements and the correctness of the opinions expressed therein, upon certificates
or opinions furnished to the Trustee and conforming to the requirements of this Indenture;
however, the Trustee shall examine the certificates and opinions to determine whether or not
they conform to the requirements of this indenture.

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

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

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

 

40

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

     (d) No provision of this Indenture shall require the Trustee to expend or risk its own funds
or otherwise incur any financial liability in the performance of any of its duties hereunder or in
the exercise of any of its rights or powers 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.

     (e) Every provision of this Indenture that in any way relates to the Trustee is subject to
paragraphs (a), (b), (c) and (d) of this Section 7.01.

     (f) The Trustee shall not be liable for interest on any money received by it except as the
Trustee may agree with the Company in writing. Money held in trust by the Trustee need not be
segregated from other funds except to the extent required by law.

     Section 7.02. Right of Trustee.

     Subject to Section 7.01:

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

     (b) before the Trustee acts or refrains from acting, it may require an Officers’
Certificate or an Opinion of Counsel, which shall conform to Section 10.05; the Trustee shall
not be liable for any action it takes or omits to take in good faith in reliance on such
certificate or opinion;

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

     (d) the Trustee shall not be liable for any action it takes or omits to take
in good faith which it reasonably believes to be authorized or within its rights or powers;

     (e) the Trustee may consult with counsel and the advice or opinion of such counsel as to
matters of law shall be full and complete authorization and protection in respect of any action
taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or
opinion of such counsel; and

 

41

     (f) the Trustee shall be under no obligation to exercise any of the rights
or powers vested in it by this Indenture at the request or direction of the Holders,
including, without limitation, the duties, rights and powers specified in Section 6.02 hereof,
unless such Holders have offered to the Trustee reasonable security or indemnity against the
costs, expenses and liabilities which might be incurred by the Trustee in compliance with such
request or action.

     Section 7.03. Individual Rights of Trustee.

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

     Section 7.04. Trustee’s Disclaimer.

     The Trustee makes no representation as to the validity or adequacy of this Indenture or the
Securities of any Series, it shall not be accountable for the recitals contained in this Indenture
or for the Company’s use of the proceeds from the Securities of any Series, and it shall not be
responsible for any statement in the Securities of any Series, or in any prospectus used to sell
the Securities of any Series, other than its certificate of authentication.

     Section 7.05. Notice of Defaults.

     If a Default or an Event of Default occurs and is continuing with respect of any Series of
Securities, and if it is actually known to the Trustee pursuant to Section 6.01 hereof, the Trustee
shall mail to each Holder of the Securities of such Series notice of the Default or Event of
Default within 60 days after it occurs. Except in the case of a Default or an Event of Default in
payment of principal of or interest on any Security or in the payment of any Sinking Fund
installment, the Trustee away withhold such notice if and so long as a committee of its Trust
Officers in good faith determines that withholding the notice is in the interest of
Securityholders.

     Section 7.06. Reports by Trustee to Holders

     The Trustee shall transmit to the Holder such reports concerning, among other things, the
Trustee and its action under this Indenture as may be required pursuant to the TIA at the time and in compliance with TIA§313(a). The Trustee also
shall comply with TIA§313(b)(2) and 313(c).

 

42

     A copy of each such report at the time of its mailing to Securityholders shall be filed with
the SEC and each stock exchange, if any, on which the Securities of any Series are listed.

     The Company shall notify the Trustee if the Securities of any Series become listed on any
stock exchange.

     Section 7.07. Compensation and Indemnity.

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

     The Company shall indemnify the Trustee for, and hold it harmless against, any loss or
liability incurred by it in connection with the administration of this trust and its duties
hereunder, including the reasonable expenses of defending itself against any claim of liability
arising hereunder. The Trustee shall notify the Company promptly of any claim asserted against the
Trustee for which it may seek indemnity. The Company need not pay for any settlement made without
its written consent, which consent shall not be unreasonably withheld. The Company need not
reimburse any expense or indemnify against any loss or liability incurred by the Trustee through
negligence or bad faith.

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

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

     Section 7.08. Replacement of Trustee.

     The Trustee may resign by so notifying the Company in writing. The Holders of a majority in
principal amount of the outstanding Securities of all Series

 

43

(voting as a single class) may remove the Trustee by so notifying the Trustee in writing and
may appoint a successor Trustee with the Company’s consent. The Company may remove the Trustee if:

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

     (2) the Trustee is adjudged a bankrupt or an insolvent;

     (3) a receiver or other public officer takes charge of the Trustee or its property; or

     (4) the Trustee becomes incapable of acting.

     If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any
reason, the Company shall promptly appoint a successor Trustee. Within one year after the
successor Trustee takes office, the Holders of a majority in principal amount of the Securities of
all Series (voting as a single class) may appoint a successor Trustee to replace the successor
Trustee appointed by the Company.

     A successor Trustee shall deliver a written acceptance of its appointment to the retiring
Trustee and to the Company. Immediately after that, the retiring Trustee shall transfer, after
payment of all sums then owing to the Trustee pursuant to Section 7.07, all property held by it as
Trustee to the successor Trustee, subject to the lien provided in Section 7.07, the resignation or
removal of the retiring Trustee shall become effective, and the successor Trustee shall have all
the rights, powers and duties of the Trustee under this Indenture. A successor Trustee shall mail
notice of its succession to each Securityholder.

     If a successor Trustee does not take office within 60 days after the retiring Trustee resigns
or is removed, the retiring Trustee, the Company or the Holders of at least 10% in principal amount
of the outstanding Securities of all Series (voting as a single class) may petition any court of
competent jurisdiction for the appointment of a successor Trustee.

     If the Trustee fails to comply with Section 7.10, any Securityholder may petition any court of
competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee.
Any successor Trustee shall comply with TIA § 310(a)(5).

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

 

 

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     Section 7.09. Successor Trustee by Merger, etc.

     If the Trustee consolidates with, merges or converts into, or transfers all or substantially
all of its corporate trust business to, another corporation, the resulting, surviving or transferee
corporation without any further act shall be the successor Trustee.

     Section 7.10. Eligibility, Disqualification.

This
Indenture shall always have a Trustee who satisfies the requirements of TIA § 310(a)(1). The Trustee shall have a combined capital and surplus of at least
$50,000,000 as set forth in its most recent published annual report of condition. The Trustee
shall comply with TIA § 310(b), including the provision permitted by the second sentence of TIA §
310(b).

     Section 7.11. Preferential Collection of Claims Against Company.

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

ARTICLE 8

Discharge Of Indenture

     Section 8.01. Termination of Company’s Obligations

     The Company may terminate its obligations under the Securities of any Series and this
Indenture with respect to such Series, except those obligations referred to in the immediately
succeeding paragraph, (a) if all Securities of such Series previously authenticated and delivered
(other than destroyed, lost or stolen Securities of such Series which have been replaced or paid or
Securities of such Series for whose payment money or securities have theretofore been held in trust
and thereafter repaid to the Company, as provided in Section 8.03) have been delivered to the
Trustee for cancellation and the Company has paid all sums payable by it hereunder, or (b) if,
following the date on which
the Company shall have given notice to the Trustee of its intention to defease all of the
Securities of such Series, the Company has irrevocably deposited or caused to be deposited with the
Trustee or a Paying Agent (other than the Company or a Subsidiary), under the terms of an
irrevocable trust agreement

 

 

 45

in form and substance satisfactory to the Trustee and any such Paying Agent, as trust funds in
trust solely for the benefit of the Holders for that purpose, (i) in the case of any Securities of
any Series denominated in United States dollars, an amount of cash sufficient to pay principal of
and interest on such outstanding Securities at their respective Stated Maturities, or direct
non-callable obligations of, or non-callable obligations guaranteed by, the United States of
America for the payment of which guarantee or obligation the full faith and credit of the United
States is pledged, including but not limited to depository receipts issued by a bank as custodian
with respect to any such security held
by the custodian for the benefit of the holder of such depository receipt (“U.S. Government
Obligations”), maturing as to principal and interest in such amounts and at such times as are
sufficient without consideration of any reinvestment of such interest, to pay principal of and
interest on such outstanding Securities at their respective Stated Maturities and (ii) in the case
of any Securities of any Series denominated in any currency other than United States dollars, an
amount of the Required Currency sufficient to pay principal of and interest on such outstanding
Securities at their respective Stated Maturities; provided that the Trustee or such Paying Agent
shall have been irrevocably instructed to apply such cash, the proceeds of such U.S. Government
Obligations or the Required Currency, as the case may be, to the payment of said principal and
interest with respect to the Securities of such Series; and provided further, that if such
irrevocable deposit in trust with the Trustee of cash, U.S. Government Obligations or the Required
Currency, as the case may be, is made on or prior to one year from the Stated Maturity for payment
of principal of the Securities of the applicable Series, the Company shall have delivered to the
Trustee either an Opinion of Counsel with no material qualifications in form and substance
satisfactory to the Trustee to the effect that Holders of
such Securities (i) will not recognize income, gain or loss for Federal income tax purposes as
a result of such deposit (and the defeasance contemplated in connection therewith) and (ii) 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 deposit and defeasance had not occurred, or an applicable
favorable ruling to that effect received from or published by the Internal Revenue Service.

     Notwithstanding the foregoing paragraph, the Company’s obligations in Sections 2.04, 2.05,
2.06, 2.07, 2.08, 4.01, 4.02, 7.07, 7.08, 8.03 and 8.04, and except as otherwise provided in the
Authorizing Resolution and/or the supplemental indenture (if any) in respect of any Series, shall
survive until the

 

 

 46

Securities are no longer outstanding. Thereafter, the Company’s obligations in Sections 7.07,
8.03 and 8.04 shall survive.

     After any such irrevocable deposit the Trustee upon request shall acknowledge in writing the
discharge of the Company’s obligations under the Securities of the applicable Series and this
Indenture with respect to such Series except for those surviving obligations specified above.

     Section 8.02. Application of Trust Money.

     The Trustee or Paying Agent shall hold in trust cash, U.S. Government Obligations or the
Required Currency, as the case may be, deposited with it pursuant to Section 8.01, and shall apply
the deposited cash, the money from U.S. Government Obligations or the Required Currency, as the
case may be, in accordance with this Indenture to the payment of principal of and interest
on the Securities.

     Section 8.03. Repayment to Company.

     Subject to Section 8.01, the Trustee and the Paying Agent shall promptly pay to the Company
upon request any excess money held by them at any time. Subject to the provisions of applicable
law, the Trustee and the Paying Agent shall pay to the Company upon request any money held by them
for the payment of principal or interest that remains unclaimed for two years; provided, however,
the Trustee or such Paying Agent before being required to make any payment may at the expense of
the Company cause to be published once in a newspaper of general circulation in The City of New
York or mail to each Holder entitled to such money notice that such money remains unclaimed and that, after
a date specified therein which shall be at least 30 days from the date of such publication or
mailing, any unclaimed balance of such money then remaining will be repaid to the Company. After
payment to the Company, the Trustee shall be released from all further liability with respect
to such money and Securityholders entitled to money must look to the Company for payment as
general creditors unless an applicable abandoned property law designates another person.

     Section 8.04. Reinstatement.

     If the Trustee or Paying Agent is unable to apply any cash, U.S. Govern-
ment Obligations or the Required Currency, as the case may be, in accordance with Section 8.01
by reason of any legal proceeding or by reason of any order

 

 

 47

or judgment of any court or governmental authority enjoining, restraining or otherwise
prohibiting such application, the Company’s obligations under this Indenture (with respect to the
applicable Series) and the Securities of the applicable Series shall be revived and reinstated as
though no deposit had occurred pursuant to Section 8.01 until such time as the Trustee or Paying
Agent is permitted to apply all such cash, U.S. Government Obligations and Required Currency, as
the case may be, in accordance with Section 8.01; provided, however, that if the Company has made
any payment of interest on or principal of any Securities of any Series because of the
reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of
such Securities to receive such payment from the cash, U.S. Government Obligations or the Required
Currency, as the case may be, held by the Trustee or Paying Agent.

     Section 8.05. 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 U.S. Government Obligations deposited pursuant to Section 8.01 or
the principal and interest received on such U.S. Government Obligations.

ARTICLE 9

Amendments, Supplements And Waivers

     Section 9.01. Without Consent of Holders

     The Company, when authorized by a Board Resolution, and the Trustee
may amend or supplement this Indenture or the Securities of any Series without notice to or
consent of any Securityholder:

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

     (2) to comply with Article 5;

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

     (4) to secure the Securities in connection with Section 4.11;

     (5) to make any change that does not adversely affect the rights of any Securityholder of
such Series;

     (6) to provide for the issuance and the terms of any particular Series of Securities, the
rights and obligations of the Company and the Holders of the

 

 

 48

Securities of such Series, the form or forms of the Securities of such Series and such
other matters in connection therewith as the Board of Directors of the Company shall consider
appropriate, including, without limitation, provisions for (a) additional or different
covenants, restrictions or conditions applicable to such Series, (b) additional or different
Events of Default in respect of such Series, (c) a longer or shorter period of grace and/or
notice in respect of any provision applicable to such Series than is provided in Section 6.01, (d)
immediate enforcement of any Event of Default in respect of such Series or (e) limitations upon
the remedies available in respect of any Events of Default in respect of such Series or upon the
rights of the holders of Securities of such Series to waive any such Event of Default; provided,
that this paragraph (6) shall not be deemed to require the execution of a supplemental indenture
to provide for the issuance of any Series of Securities unless the same shall be provided for in
the Authorizing Resolution relating thereto; or

     (7) to provide for a separate Trustee for one or more Series.

     Section 9.02. With Consent of Holders.

     Subject to Section 6.07, with the written consent of the Holders of at least a majority in
principal amount of the outstanding Securities of all Series affected thereby (voting as a single
class), the Company, when authorized by a Board Resolution, and the Trustee may amend or supplement
this Indenture or such Securities without notice to any Securityholder. Subject to Section 6.07,
the Holders of a majority in principal amount of the outstanding Securities of all Series affected
thereby (voting as a single class) may waive compliance by the Company with any provision of this
Indenture or such Securities without notice to any Securityholder; provided, that, only the holders
of a majority in principal amount of Securities of a particular Series may waive compliance with a
provision of this Indenture or the Securities of such Series having applicability solely to such
Series. However, without the consent of each Securityholder affected, an amendment, supplement or
waiver, including a waiver pursuant to Section 6.04, may not:

     (1) reduce the amount of Securities of such Series or all Series (voting as a single
class), as the case may be, whose Holders must consent to an amendment, supplement or waiver;

     (2) reduce the rate or change the Stated Maturity for payment of interest on any Security;

     (3) reduce the principal or any premium payable upon the redemption of or change the Stated
Maturity of any Security;

 

 

 49

     (4) waive a Default in the payment of the principal of or interest on any Security;

     (5) make any changes in Section 6.04, 6.07 or the third sentence of this Section 9.02; or

     (6) make any Security payable in money other than that stated in the Security.

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

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

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

     Section 9.03. Compliance with Trust Indenture Act.

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

     Section 9.04. Revocation and Effect of Consents.

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

 

 

 50

     The Company may, but shall not be obligated to, fix a record date for the purpose of
determining the Holders entitled to consent to any amendment, supplement or waiver which shall be
at least 30 days prior to the first solicitation of such consent. If a record date is fixed, then
notwithstanding the last two sentences of the immediately preceding paragraph, those persons who
were Holders at such record date (or their duly designated proxies), and only those persons, shall
be entitled to consent to such amendment, supplement or waiver or to revoke any consent previously
given, whether or not such persons continue to be Holders after such record date. No such consent
shall be valid or effective for more than 90 days after such record date.

     After an amendment, supplement or waiver becomes effective, it shall bind every Holder of a
Security of such Series, unless it makes a change described in any of clauses (1) through (6) of
Section 9.02. In that case the amendment, supplement or waiver shall bind each Holder of a
Security who has consented to it and every subsequent Holder of a Security or portion of a Security
of the same Series that evidences the same debt as the consenting Holder’s Security.

     Section 9.05. Notation On or Exchange of Securities.

     If
an amendment, supplement or waiver changes the terms of a Security, the Trustee may require the Holder of the Security to deliver it to the Trustee. The Trustee
may place an appropriate notation on the Security about the changed terms and return it to the
Holder. Alternatively, if the Company or the Trustee so determines, the Company in exchange for the Security shall issue and the
Trustee shall authenticate a new Security of the same Series that reflects the changed terms.

     Section 9.06. Trustee to Sign Amendments, etc.

     The Trustee shall be entitled to receive, and shall be fully protected in relying upon, an
Officers’ Certificate and an Opinion of Counsel stating that the execution of any amendment,
supplement or waiver authorized pursuant
to this Article 9 is authorized or permitted by this Indenture. The Trustee may, but shall
not be obligated to, execute any such amendment, supplement or waiver which affects the Trustee’s
own rights, duties or immunities under this Indenture or otherwise.

 

 

 51

ARTICLE 10

Miscellaneous

     Section 10.01. Trust Indenture Act Controls

     If any provision of this Indenture limits, qualifies, or conflicts with another provision
which is required to be included in this Indenture by the TIA, the required provision shall
control.

     Section 10.02. Notices.

     Any notice or communication shall be sufficiently given if in writing and delivered in person
or mailed by first-class mail addressed as follows:

if to the Company:

ANR Pipeline Company

c/o The Coastal Corporation

Coastal Tower

Nine Greenway Plaza

Houston, Texas 77046-0995

Attention: Director, Financial Administration

if to the Trustee:

Manufacturers Bank, N.A.

411 West Lafayette

4th Floor

Detroit, Michigan 48226

Attention: Corporate Trust Division

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

     Any notice or communication mailed to a Securityholder shall be mailed to him at his address
as it appears on the Security Register and shall be sufficiently given to him if so mailed within
the time prescribed.

     Failure to mail a notice or communication to a Securityholder or any defect in it shall not
affect its sufficiency with respect to other Securityholders. Except for a notice to the Trustee,
which is deemed given only when received, if a notice or communication is mailed in the manner
provided above, it is duly given, whether or not the addressee receives it.

 

 

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     Section 10.03. Communications by Holders With Other Holders.

     Securityholders may communicate pursuant to TIA § 312(b) with other Securityholders with
respect to their rights under this Indenture or the Securities of an applicable Series. The
Company, the Trustee, the Registrar and any other person shall have the protection of TIA § 312(c).

     Section 10.04. Certificate and Opinion as to Conditions Precedent.

     Upon any request or application by the Company to the Trustee to take any action under this
Indenture, the Company shall furnish to the Trustee:

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

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

     Section 10.05. Statements Required in Certificate or Opinion.

     Each certificate or opinion with respect to compliance with a condition or covenant provided
for in this Indenture, other than the Officer’s Certificate required by Section 4.08, shall
include:

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

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

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

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

     Section 10.06. Rules by Trustee, Paying Agent, Registrar.

     The Trustee may make reasonable rules for action by or at a meeting of Securityholders. The
Paying Agent or Registrar may make reasonable rules for its functions.

 

 

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     Section 10.07. Legal Holidays.

     A “Legal Holiday” is a Saturday, a Sunday or a day on which banking institutions in New York,
New York or Detroit, Michigan are not required to be open. If a payment date is a Legal Holiday at
a place of payment, payment may be made at that place on the next succeeding day that is not a
Legal Holiday, and no interest shall accrue for the intervening period.

     Section 10.08. Governing Law.

     THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN THIS INDENTURE AND THE SECURITIES
WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.

     Section 10.09. No Adverse Interpretation of Other Agreements.

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

     Section 10.10. No Recourse Against Others.

     A director, officer, employee or stockholder, as such, of the Company shall not have any
liability for any obligations of the Company under the Securities or the Indenture or for any claim
based on, in respect of or by reason of such obligations or their creation. Each Securityholder by
accepting a Security waives and releases all such liability.

     Section 10.11. Successors.

     All agreements of the Company in this Indenture and the Securities shall bind its successor.
All agreements of the Trustee in this Indenture shall bind its successor.

     Section 10.12. Duplicate Originals

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

     Section 10.13. Separability.

     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, and a Holder shall have no claim therefor against any
party hereto.

 

 

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     Section 10.14. Action of Holders when Securities are Denominated in Different
Currencies.

     Whenever any action is to be taken hereunder by the Holders of two or more Series of
Securities denominated in different currencies, then, for the purposes of determining the principal
amount of Securities held by such Holders, the aggregate principal amount of the Securities
denominated in a currency other than United States dollars shall be deemed to be that amount of
United States dollars that could be obtained for such principal amount on the basis of the spot
rate of exchange for such currency as determined by the Company or by an authorized exchange rate
agent and evidenced to the Trustee by an Officers’ Certificate as of the date the taking of such
action by the Holders of the requisite percentage in principal amount of the Securities is
evidenced to the Trustee. An exchange rate agent may be authorized in advance or from time
to time by the Company, and may be the Trustee or its Affiliate. Any such determination by
the Company or by any such exchange rate agent shall be conclusive and binding on all Holders and
the Trustee, and neither the Company nor such exchange rate agent shall be liable therefor in the
absence of bad faith.

     Section 10.15. Monies of Different Currencies to be Segregated.

     The Trustee shall segregate monies, funds, and accounts held by the Trustee hereunder in one
currency from any monies, funds or accounts in any other currencies, notwithstanding any provision
herein which would otherwise permit the Trustee to commingle such amounts.

     Section 10.16. Payment to be in Proper Currency.

     Each reference in any Security, or in the Authorizing Resolution and/or supplemental
indenture, if any, relating thereto, to any currency shall be of the essence. In the case of any
Security denominated in any currency (the “Required Currency”) other than United States dollars,
except as otherwise provided therein or in the related Authorizing Resolution and/or supplemen-
tal indenture, if any, the obligation of the Company to make any payment of principal of or
interest thereon shall not be discharged or satisfied by any tender by the Company, or recovery by
the Trustee, in any currency other than the Required Currency, except to the extent that such
tender or recovery shall result in the Trustee timely holding the full amount of the Required
Currency. The costs and risks of any such exchange, including without limitations, the

 

 

 55

risks of delay and exchange rate fluctuation, shall be borne by the Company; the Company shall
remain fully liable for any shortfall or delinquency in the full amount of Required Currency then
due and payable, and in no circumstances shall the Trustee be liable therefor. The Company hereby
waives any defense of payment based upon any such tender or recovery which is not in
the Required Currency, or which, when exchanged for the Required Currency by the Trustee, is
less than the full amount of Required Currency then due
and payable.

 

 

 56

SIGNATURES

     IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and
their respective corporate seals to be hereunto affixed and attested, all as of the date first
written above.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	ANR Pipeline Company	 	 
	 
	 	 	 	 	 	 
	[SEAL]
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jeffrey A. Connelly	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Jeffrey A. Connelly	 	 
	 

	 	 	 	Executive Vice President	 	 
	 

	 	 	 	and Treasurer	 	 

	 	 	 	 	 
	 

	 	 	 	 
	Attest:

	 	/s/ Pauletta P. Cohn	 	 
	 

	 	 	 	 
	 

	 	Pauletta P. Cohn	 	 
	 

	 	Assistant Secretary	 	 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Manufacturers Bank, N.A.	 	 
	 
	 	 	 	 	 	 
	[SEAL]
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert A. Wright, III	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Robert A. Wright, III	 	 
	 

	 	 	 	Trust Officer	 	 

	 	 	 	 	 
	 

	 	 	 	 
	Attest:

	 	/s/ Susan E. Taylor	 	 
	 

	 	 	 	 
	 

	 	Susan E. Taylor	 	 
	 

	 	Second Vice President	 	 
	 

	 	and Trust Officer	 	 

EXHIBIT A

[Form Of Face Of Security]

     [The following is to be included if the Security is an Original Issue Discount
Security:]

 

 

 A-2

     [FOR PURPOSES OF SECTION 1273 OF THE UNITED STATES INTERNAL REVENUE CODE OF 1986, AS
AMENDED: (I) THE ISSUE DATE OF THIS SECURITY IS       ; (II) THE YIELD TO MATURITY IS      %; (III)
THE ORIGINAL ISSUE DISCOUNT PER
$        FACE AMOUNT AT WHICH THE SECURITY IS ISSUED
IS $       ; AND (IV) THE [EXACT] [APPROXIMATE] METHOD
HAS BEEN USED TO DETERMINE YIELD FOR THE ACCRUAL PERIOD BEGINNING            AND ENDING
      AND THE AMOUNT OF THE ORIGINAL ISSUE DISCOUNT PER $
      FACE AMOUNT ALLOCABLE TO THE ACCRUAL PERIOD BEGINNING            AND ENDING            IS $       ].

ANR Pipeline Company 

[Title of Security]

	 	 	 	 	 
	Rate of Interest

	 	Maturity Date
	 	Original Issue Date

No.

     ANR Pipeline Company, a corporation duly organized and existing under
the laws of the State of Delaware (herein called the “Company”), for value received, hereby
promises to pay to            or registered assigns, the princi-
pal sum of            on the Maturity Date shown above, and to pay interest
thereon, at the annual rate of interest shown above, from the Original Issue
Date shown above or from the most recent Interest Payment Date (as herein-
after defined) to which interest has been paid or duly provided for, payable
semi-annually on            and            of each year and at maturity
(an “Interest Payment Date”), commencing on the first such date after the Original Issue Date,
except that if the Original Issue Date is on or after a

 

 

 A-3

Regular Record Date but before the next Interest Payment Date, interest
payments will commence on the second Interest Payment Date following the Original Issue Date.

     [reference to currency[ies] of payment and currency exchange arrangements, if applicable.]

     The interest so payable, and punctually paid or duly provided for, on any Interest Payment
Date will, as provided in the Indenture, be paid to the person
in whose name this [name of Security] is registered at the close of business on
the Regular Record Date for any such Interest Payment Date, which shall be
the fifteenth calendar day (whether or not a Business Day) preceding the applicable Interest
Payment Date. Any such interest not so punctually paid or duly provided for, and any interest
payable on such defaulted interest (to the extent lawful), will forthwith cease to be payable to
the Holder on such Regu-lar Record Date and shall be paid to the person in whose name this [name of Security] is
registered at the close of business on a special record date for the payment of such defaulted
interest to be fixed by the Company, notice of which shall be given to Holders of [name of Series]
not less than 15 days prior to
such special record date. Payment of the principal of and interest on this [name
of Security] will be made at the agency of the Company maintained for that purpose in
[Detroit, Michigan or other place of payment] and at any other
office or agency maintained by the Company for such purpose, in [reference to United States
dollars or other currency of payment]; provided, however, that at the option of the Company payment
of interest, other than interest due on the Maturity Date, may be anode by check mailed to the
address of the person
entitled thereto as such address shall appear in the Security Register. [Include
the following, if applicable:] Payments on the Maturity Date will be made in immediately
available funds against presentment of this [name of Security].

     Reference is hereby made to the further provisions of this [name of Security]
set forth on the reverse hereof, which further provisions shall for all purposes have the same
effect as if set forth at this place.

     Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this [name of Security] shall
not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

 

 

 A-4

     In Witness Whereof, ANR Pipeline Company has caused this instru-
ment to be executed in its corporate name by the facsimile signature of its duly authorized
officers and has caused a facsimile of its corporate seal to be affixed hereunto or imprinted
hereon.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	ANR Pipeline Company 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	[Title of Officer]	 	 

Attest:

                                                            

                [Assistant] Secretary

DATED:

Trustee’s Certificate Of Authentication

     This is one of the [name of Series] referred to in the within-mentioned Indenture.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Manufacturers Bank, N.A.	 	 
	 	 	as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Authorized Signatory	 	 

 

 

 A-5

[Reverse Side] 

ANR Pipeline Company 

[Name of Security]

     This [name of Security] is one of a duly authorized issue of [name of Securities] of the Company (which term includes any successor corporation under
the Indenture hereinafter referred to) designated as its [title of Series] (the
“[name of Series]”),      issued or to be issued pursuant to an Indenture, dated as of May 13, 1991 (the “Indenture”), between the Company
and Manufacturers Bank, N.A., as Trustee (the “Trustee,” which term includes any successor trustee under the Indenture); and under [reference to Authorizing
Resolution and/or supplemental indenture (if any) relating to the Series]. The terms of this [name
of Security] include those stated in the Indenture and [reference to Authorizing Resolution and/or supplemental indenture
(if any) relating to the Series] and those made part of the Indenture by refer-
ence to the Trust Indenture Act of 1939, as in effect on the date of the Indenture. Reference is hereby made to the Indenture and all [further] supplemental indentures
thereto for a statement of the respective rights, limitation of rights, duties and immunities
thereunder of the Company, the Trustee and the Holders and of the terms upon which the [name of Security] are, and are to be, authenticated and
delivered.

     This [name of Series] is a Series of Securities issued or to be issued by the Company under
the Indenture, and this Series is limited in aggregate principal amount to $      . The
Indenture provides that the Securities of the Com-
pany referred to therein (“Securities”), including the [name of Series], may be issued in one
or more Series, which different Series may be issued in such aggregate principal amounts and on
such terms (including, but not limited to, terms relating to interest rate or rates, provisions for
determining such interest
rate or rates and adjustments thereto, maturity, redemption (optional and mandatory), sinking
fund, covenants and Events of Default) as may be pro-
vided in or pursuant to the Authorizing Resolutions and/or supplemental
indenture (if any) relating to the several Series.

     [The following to be included if the Securities are not redeemable prior to maturity.]

     This [name of Security] may not be redeemed prior to its Maturity Date.

 

 

 A-6

     [The following paragraph, or other appropriate redemption provisions, to be included if the
Securities are Redeemable Securities:]

     The [name of Series] are subject to redemption upon not less than 30 nor
more than 60 days’ notice by mail, [the following clause to be included if there
is a Sinking Fund:] [(1) on [annual Sinking Fund Redemption Date] in each
year commencing with the year [year of first Sinking Fund payment] through operation of the
Sinking Fund at a Redemption Price equal to their principal amount and (2)] [at any time or from
time to time] in whole or in part, at the election of the Company at a Redemption Price equal to
the percentage set
forth below of the principal amount to be redeemed for the respective twelve-month periods
beginning [      ] of the years indicated:

[Schedule of Redemption Prices]

and thereafter at 100% of the principal amount thereof, together in each case
with accrued interest to the Redemption Date.

     [The following paragraph, or other appropriate Sinking Fund provision, to be included if there
is a Sinking Fund for the Series:]

     The Sinking Fund provides for the redemption on [first Sinking Fund Redemption Date] and on
[annual Sinking Fund Redemption Date] in each year thereafter through [year of final Sinking Fund
date] of not less than [minimum required Sinking Fund redemption amount] principal amount nor more
than [maximum permitted Sinking Fund redemption amount] principal amount of [name of Series].
[name of Series] purchased, acquired or redeemed by the Company otherwise than by redemption
through the Sinking Fund may be credited against Sinking Fund requirements to the extent not
previously so credited.

 

 

 A-7

     [The following paragraph to be included if the Securities are Redeemable Securities or sinking
Fund Securities:]

     If an event of redemption of this [name of Security] in part only, a new
[name of Security] or [name of Series] for the unredeemed portion hereof shall
be issued in the name of the Holder hereof upon the surrender hereof.

     [The following paragraph to be included if the Securities are not Original
Issue Discount Securities:]

     If an Event of Default, as defined in the Indenture and in the Authorizing Resolution and/or
supplemental indenture (if any) relating to the [name of
Series] (if there shall be any additional Events of Default specified in respect
of the [name of Series]), shall occur and be continuing, the principal of all the [name of
Series] may be declared due and payable in the manner and with the effect provided in the
Indenture.

     [If the Securities are Original Issue Discount Securities, insert schedule as to amounts which
are payable on acceleration under Section 6.02 and provable in bankruptcy under Section 6.09 from
time to time.]

     The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
[name of Series] under the
Indenture at any time by the Company and the Trustee with the consent of
the Holders of a majority in aggregate principal amount of the Securities
affected thereby, voting as a single class (which may include the [name of Series]), at the
time outstanding. The Indenture also contains provisions permitting the Holders of specified
percentages in aggregate principal amount of
the Securities at the time outstanding to waive compliance by the Company
with certain provisions of the Indenture and certain past defaults under the Indenture and
their consequences. Any such consent or waiver by the Holder
of this [name of Security] shall be conclusive and binding upon such Holder and upon all
future Holders of this [name of Security] and of any [name of
Security] issued upon the registration of transfer hereof or in exchange herefor
in lieu hereof, whether or not notation of such consent or waiver is made upon
this [name of Security].

     The Indenture provides that no Holder may pursue any remedy under the Indenture unless the
Trustee shall have failed to act after notice of an Event of

 

 

 A-8

Default and written request by Holders of at least 25% in principal amount of
the [name of Securities] of the applicable Series and the offer to the Trustee of indemnity
satisfactory to it; however, such provision does not affect the right
to sue for enforcement of any overdue payment on any Security.

     No reference herein to the Indenture and no provision of this [name of
Security] or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest
on this [name of Security] at the times, places and rates, and in the coin or currency, herein
prescribed.

     As provided in the Indenture and subject to certain limitations therein set
forth, the transfer of this [name of Security] is registrable in the Security
Register upon surrender of this [name of Security] for registration of transfer
at the agency of the Company provided for that purpose duly endorsed by, or accompanied by a
written instrument of transfer in substantially the form accompanying this [name of Security] duly
executed by, the Holder hereof or
his attorney duly authorized in writing, and thereupon one or more new [name
of Series], of authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees.

     The [name of Series] are issuable only in registered form without coupons
in denominations of [currency and minimum denomination] and any integral multiple thereof. As
provided in the Indenture and subject to certain limitations therein set forth, the [name of Series] are exchangeable for a like aggregate principal amount of [name of Series] of a different authorized denomination, as requested by the Holder surrendering the same.

     No service charge shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover
any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or similar governmental charge payable upon exchanges pursuant to Section 2.11, 3A.08 or 9.05 in which case
such transfer taxes or similar governmental charges shall be paid by the Company).

     Prior to due presentment of this [name of Security] for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the person in whose name this [name of Security] is registered as the

 

 

 A-9

owner hereof for all purposes, whether or not this [name of Security] be overdue, and neither the Company, the Trustee nor any such agent shall be affected
by notice to the contrary.

     [Reference to Foreign Currencies]

     All terms used in this [name of Security] which are defined in the Indenture shall have the
meanings assigned to them in the Indenture.

     Customary abbreviations may be used in the name of a [name of Security] holder or any
assignee, such as: TEN COM (= tenants in common), TEN
ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not
as tenants in common), CUST (= Custodian) and
U/G/M/A ( = Uniform Gifts to Minors Act).

     The Company will furnish to any [name of Security] holder of record, upon written request,
without charge, a copy of the Indenture. Requests may be made to: ANR Pipeline Company, c/o The Coastal Corporation, Coastal Tower, Nine Greenway Plaza, Houston, Texas 77046-0995, Attention: Corporate Secretary.

A-7

ASSIGNMENT FORM

     If you the holder want to assign this Debenture, fill in the form below
and have your signature guaranteed:

I or we assign and transfer this Debenture to:

 

 

 

(Print or type name, address and zip code and

social security or tax ID number of assignees)

and irrevocably appoint                                         
agent to transfer this Debenture on the books of the Company. The agent may substitute another to
act for him.

	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	Dated:

	 	 	 	Signed:	 	 	 	 
	 

	 	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	(Sign exactly as name appears	 	 
	 

	 	 	 	 	 	on the other side of this Debenture)	 	 

     Signature Guarantee:                                                            

 

 

 A-2

     NOTICE. Signature(s) must be guaranteed by a member firm of the
New York Stock Exchange or a commercial bank or trust company.exv4waw1

 

exhibit 4.a.1

[Conformed Copy]

 

ANR Pipeline Company

and

Manufacturers Bank, N.A., Trustee

 

INDENTURE

Dated as of May 13, 1991

and

FIRST SUPPLEMENTAL INDENTURE

Dated as of November 4, 1991

 

$300,000,000

95/8% Debentures due November 1, 2021

 

 

 

 

ANR Pipeline Company

and

Manufacturers Bank, N.A., Trustee

 

FIRST SUPPLEMENTAL INDENTURE

Dated as of November 4, 1991

to

INDENTURE

Dated as of May 13, 1991

 

$300,000,000

95/8% Debentures due November 1, 2021

      

 

 

     FIRST SUPPLEMENTAL INDENTURE, dated as of November 4, 1991, between ANR Pipeline Company,
a Delaware corporation (the “Company”), and Manufacturers Bank, N.A. (formerly Manufacturers
National Bank of Detroit), a national banking association incorporated and existing under the laws
of the United States of America, as Trustee (the “Trustee”), to the Indenture dated as of May 13,
1991 (the “Indenture”), between the Company and the Trustee.

     Pursuant to Section 9.01(6) of the Indenture, each party agrees as follows for the benefit of
the other party and for the equal and ratable benefit of the Holders of the Company’s Debentures
(as defined below) to supplement the Indenture to establish the form and terms of a Series of
Securities of the Company under the Indenture to be entitled the
“95/8% Debentures due November 1,
2021”:

ARTICLE ONE

FORM AND TERMS OF SECURITIES

     SECTION 1.01. Terms of Securities To Be Issued.

     (a) A Series of Securities which shall be designated the “95/8% Debentures due November 1, 2021”
(the “Debentures”) shall be executed, authenticated and delivered in accordance with the provisions
of, and shall in all respects be subject to, the definitions, terms, conditions and covenants of
the Indenture, including without limitation the terms set forth in this First Supplemental
Indenture.

     (b) The aggregate principal amount of Debentures which may be authenticated and delivered
under this First Supplemental Indenture shall not exceed $300,000,000 (except for Debentures
authenticated and delivered upon transfer of, or in exchange for, or in lieu of, other Debentures
pursuant to Section 2.07, 2.08, 2.11 or 9.05 of the Indenture). The entire amount of Debentures
may forthwith be executed by the Company and delivered to the Trustee and shall be authenticated by
the Trustee and delivered to or upon the order of the Company pursuant to Section 2.03 of the
Indenture.

     (c) The Debentures shall mature on November 1, 2021.

 

 

 2

     (d) The Debentures shall bear interest, and such interest shall be payable, as provided in
Article Two hereof.

     SECTION 1.02. Form of the Debentures.

     The Debentures and the Trustee’s certificate of authentication shall be substantially in the
form of Exhibit A annexed hereto. The terms and provisions contained in the Debentures shall
constitute and are hereby expressly made a part of this First Supplemental Indenture.

ARTICLE TWO

PAYMENT OF INTEREST ON THE DEBENTURES

     SECTION 2.01. Interest Payment Dates.

     (a) The Debentures shall bear interest from their initial date of issuance or from the most
recent Interest Payment Date (as hereinafter defined) to which interest had been paid or duly
provided for, at the rate of 95/8% per annum, and such interest shall be payable each May I and
November 1 (each an “Interest Payment Date”) to the person in whose name the Debenture is
registered at the close of business on the regular record date (the “Register Record Date”) for any
such Interest Payment Date, which shall be the fifteenth calendar day of the month preceding the
month in which such Interest Payment Date occurs (whether or not a Business Day).

     (b) The first Interest Payment Date on the Debentures shall be May 1, 1992.

ARTICLE THREE

REDEMPTION

     SECTION 3.01. No Redemption Provisions.

     The Debentures are not redeemable by the Company prior to their maturity.

 

 

 3

ARTICLE FOUR

MISCELLANEOUS

     SECTION 4.01. Definitions.

     All the terms used in this First Supplemental Indenture which are defined in the Indenture
shall have the meanings specified in the Indenture, unless otherwise provided herein or unless the
context of this First Supplemental Indenture otherwise requires.

     SECTION 4.02. Governing Law.

     THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN THIS FIRST SUPPLEMENTAL INDENTURE AND THE
DEBENTURES
WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.

     SECTION 4.03. Successors.

     All agreements of the Company in this First Supplemental Indenture and the Debentures shall
bind its successor. All agreements of the Trustee in this First Supplemental Indenture shall bind
its successor.

     SECTION 4.04. Duplicate Originals.

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

 

 

 4

SIGNATURES

     IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be
duly executed, and their respective corporate seals to be hereunto affixed and attested, all as of
the date first written above.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	ANR PIPELINE COMPANY	 	 
	[SEAL]
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ JEFFREY A. CONNELLY	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Jeffrey A. Connelly	 	 
	 

	 	 	 	Executive Vice President	 	 
	 

	 	 	 	and Treasurer	 	 

Attest:

	 	 	 	 	 
	 

	 	 	 	 
	By:

	 	/s/ PAULETTA P. COHN	 	 
	 

	 	 	 	 
	 

	 	Pauletta P. Cohn	 	 
	 

	 	Assistant Secretary	 	 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	MANUFACTURERS BANK, N.A.	 	 
	[SEAL]
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ ROBERT A. WRIGHT, III	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Robert A. Wright, III	 	 
	 

	 	 	 	Trust Officer	 	 

Attest:

	 	 	 	 	 
	 

	 	 	 	 
	By:

	 	/s/ SUSAN E. TAYLOR	 	 
	 

	 	 	 	 
	 

	 	Susan E. Taylor	 	 
	 

	 	Second Vice President	 	 
	 

	 	and Trust Officer	 	 

 

 

EXHIBIT A

[FORM OF FACE OF SECURITY]

ANR PIPELINE COMPANY

95/8% DEBENTURES

DUE NOVEMBER 1, 2021

	 	 	 	 	 
	Rate of Interest	 	Maturity Date	 	Original Issue Date
	95/8%
	 	November 1, 2021
	 	November 4, 1991

No.

     ANR Pipeline Company, a corporation duly organized and existing under the laws of the
State of Delaware (herein called the “Company”), for value received, hereby promises to pay to
                    
or registered assigns, the principal sum of
                    
on the Maturity Date
shown above, and to pay interest thereon, at the annual rate of interest shown above, from the
Original Issue Date shown above or from the most recent Interest Payment Date (as hereinafter
defined) to which interest has been paid or duly provided for, payable semi-annually on May 1 and
November 1 of each year and at maturity (an “Interest Payment Date”), commencing on the first such
date after the Original Issue Date, except that if the Original Issue Date is on or after a Regular
Record Date but before the next Interest Payment Date, interest payments will commence on the
second Interest Payment Date following the Original Issue Date. Interest will be computed on the
basis of a 360-day year of twelve 30-day months.

     The interest so payable, and punctually paid or duly provided for, on any Interest Payment
Date will, as provided in the Indenture, be paid to the person
in whose name this Debenture is registered at the close of business on the Regular Record Date
for any such Interest Payment Date, which shall be the fifteenth calendar day of the month
preceding the month in which such Interest Payment Date occurs (whether or not a Business Day).
Any such interest not so punctually paid or duly provided for, and any interest payable on such
defaulted interest (to the extent lawful), will forthwith cease to be payable to the Holder on such
Regular Record Date and shall be paid to the person in whose name this Debenture is registered at
the close of business on a special record date for the payment of such defaulted interest to be
fixed by the Company, notice of which

 

 

 A-2

shall be given to Holders of Debentures not less than 15 days prior to such special record
date. Payment of the principal of and interest on this Debenture will be made at the agency of the
Company maintained for that purpose in Detroit, Michigan and at any other office or agency
maintained by the Company for such purpose, in such coin or currency of the United States of
America as at the time of payment is legal tender for payment of public and private debts;
provided, however, that, at the option of the Company, payment of interest, other than interest due
on the Maturity Date, may be made by check mailed to the address of the person entitled thereto as
such address shall appear in the Security Register.

     Reference is hereby made to the further provisions of this Debenture set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place.

     Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual signature, this Debenture shall not be entitled to any benefit
under the Indenture or any supplemental indenture thereto or be valid or obligatory for any
purpose.

     IN WITNESS WHEREOF, ANR PIPELINE COMPANY has caused this instrument to be executed in its
corporate name by the facsimile signature of its duly authorized officers and has caused a
facsimile of its corporate seal to be affixed hereunto or imprinted hereon.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	ANR PIPELINE COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 

ATTEST:

	 	 	 	 	 
	 

	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 

 

 

 A-3

DATED:

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

     This
is one of the 95/8% Debentures due November 1, 2021, referred to in the within-mentioned
Indenture and is the Series designated in the within-mentioned First Supplemental Indenture.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	MANUFACTURERS BANK, N.A.,	 	 
	 	 	     as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Authorized Signature	 	 

[REVERSE SIDE]

ANR PIPELINE COMPANY

95/8% DEBENTURES

DUE NOVEMBER 1, 2021

     This Debenture is one of a duly authorized issue of Debentures of the Company (which term
includes any successor corporation under the Indenture hereinafter referred to) designated as its
95/8% Debentures due November 1, 2021 (the “Debentures”), issued or to be issued pursuant to the
Indenture, dated as of May 13, 1991 (the “Indenture”), between the Company and Manufacturers Bank,
N.A. (formerly Manufacturers National Bank of Detroit), as Trustee (the “Trustee,” which term
includes any successor trustee under the indenture), and under the First Supplemental Indenture,
dated as of November 4, 1991 (the “First Supplemental Indenture”) between the Company and the
Trustee. The terms of this Debenture include those stated in the Indenture, in the First
Supplemental Indenture and those made part of the Indenture by reference to the Trust Indenture Act
of 1939, as in effect on the date of the Indenture. Reference is hereby made to the Indenture and
all further supplemental indentures thereto for a statement of the respective rights, limitation of
rights, duties and immunities

 

 

 A-4

thereunder of the Company, the Trustee and the Holders and of the terms upon which the Debentures
are, and are to be, authenticated and delivered.

     The Debentures are a Series of Securities issued or to be issued by the Company under the
Indenture, and this Series is limited in aggregate principal amount to $300,000,000. The Indenture
provides that the Securities of the Company referred to therein (“Securities”), including the
Debentures, may be issued in one or more Series, which different Series may be issued in such
aggregate principal amounts and on such terms (including, but not limited to, terms relating to
interest rate or rates, provisions for determining such interest rate or rates and adjustments
thereto, maturity, redemption (optional and mandatory), sinking fund, covenants, and Events of
Default) as may be provided in or pursuant to the Authorizing Resolution and/or supplemental
indenture (if any) relating to the several Series.

     This Debenture may not be redeemed prior to its Maturity Date.

     If an Event of Default shall occur and be continuing, the principal of all the Debentures may
be declared due and payable in the manner and with the effect provided in the Indenture.

     The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
Debentures under the Indenture at any time by the Company and the Trustee with the consent of the
Holders of a majority in aggregate principal amount of the Securities affected thereby, voting as a
single class (which may include the Debentures), at the time outstanding. The Indenture also
contains provisions permitting the Holders of specified percentages in aggregate principal amount
of the Securities at the time outstanding to waive compliance by the Company with certain
provisions of the Indenture and certain past defaults under the Indenture and their consequences.
Any such consent or waiver by the Holder of this Debenture shall be conclusive and binding upon
such Holder and upon all future Holders of this Debenture and of any Debenture issued upon the
registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation
of such consent or waiver is made upon this Debenture.

     The Indenture provides that no Holder may pursue any remedy under the Indenture unless the
Trustee shall have failed to act after notice of an Event of

 

 

 A-5

Default and written request by Holders of at least 25% in principal amount of the Securities of the
applicable Series and the offer to the Trustee of indemnity satisfactory to it; however, such
provision does not affect the right to sue for enforcement of any overdue payment on any Debenture.

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

     As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Debenture is registrable in the Security Register upon surrender of this Debenture
for registration of transfer at the agency of the Company in Detroit, Michigan duly endorsed by, or
accompanied by a written instrument of transfer in substantially the form accompanying this
Debenture duly executed by, the Holder hereof or his attorney duly authorized in writing, and
thereupon one or more new Debentures, of authorized denominations and for the same aggregate
principal amount, will be issued to the designated transferee or transferees.

     The Debentures are issuable only in registered form without coupons in denominations of $1,000
and any integral multiple thereof. As provided in the Indenture and subject to certain limitations
therein set forth, the Debentures are exchangeable for a like aggregate principal amount of
Debentures of a different authorized denomination, as requested by the Holder surrendering the
same.

     No service charge shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any transfer tax or similar governmental
charge payable in connection therewith (other than any such transfer taxes or similar governmental
charge payable upon exchanges pursuant to Section ..11 or 9.05 in which ease such transfer taxes or
similar governmental charges shall be paid by the Company).

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

 

 

 A-6

     All terms used in this Debenture which are defined in the Indenture shall have the meanings
assigned to them in the Indenture.

     Customary abbreviations may be used in the name of a Debentureholder or any assignee, such as:
TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with
right of survivorship and not as tenants in common), CUST (= Custodian) and U/G/M/A (= Uniform
Gifts to Minors Act).

     The Company will furnish to any Debentureholder of record, upon written request, without
charge, a copy of the Indenture and the First Supplemental Indenture. Requests may be made to: ANR
Pipeline Company, c/o The Coastal Corporation, Coastal Tower, Nine Greenway Plaza, Houston, Texas
77046-0995, Attention: Corporate Secretary.

 

 

A-9

ASSIGNMENT FORM

     If you the holder want to assign this [name of Security], fill in the form below and have your
signature guaranteed:

     I or we assign and transfer this [name of Security] to:

 

 

 

(Print or type name, address and zip code and

social security or tax ID number of assignees)

and irrevocably appoint,                                                            
agent to transfer this [name of Security] on the books of the Company. The agent may substitute
another to act for him.

	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	Dated:

	 	 	 	Signed:	 	 	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(Sign exactly as name appears on	 	 
	 

	 	 	 	 	 	the other side of this [name of Security])	 	 

Signature Guarantee:                                        

     Notice: Signature(s) must be guaranteed by a member firm of the New York Stock
Exchange or a commercial bank or trust company.

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