Document:

Unassociated Document

     

    EXHIBIT
4.1

     

     

     

    HEICO
CORPORATION,

    

    ISSUER

    

    AND

    

    [NAME
OF TRUSTEE]

    

    TRUSTEE

    

    ----------

    

    FORM
OF INDENTURE

    

    Dated
as of _______

    

    DEBT
SECURITIES

    

    ----------

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    TABLE OF CONTENTS

     

     

    
      	 
      	
               
      

            	 
      	 
      	
              Page

            
	 
      	
               
      

            	 
      	 
      	 
      
	
              ARTICLE ONE

            	
              DEFINITIONS AND INCORPORATION BY REFERENCE

            	
              1

            
	 
      	
              Section 1.01.

            	 	
              Definitions

            	
              1

            
	 
      	
              Section 1.02.

            	 	
              Incorporation by Reference of Trust Indenture
      Act

            	
              7

            
	 
      	
              Section 1.03.

            	 	
              Rules of Construction

            	
              8

            
	
              ARTICLE TWO

            	
              ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND
      EXCHANGE OF SECURITIES

            	
              8

            
	 
      	
              Section 2.01.

            	 	
              Designation And Terms Of Securities

            	
              8

            
	 
      	
              Section 2.02.

            	 	
              Form of Securities and Trustee’s
    Certificate

            	
              11

            
	 
      	
              Section 2.03.

            	 	
              Denominations: Provisions For Payment

            	
              11

            
	 
      	
              Section 2.04.

            	 	
              Execution and Authentication

            	
              13

            
	 
      	
              Section 2.05.

            	 	
              Transfer and Exchange

            	
              13

            
	 
      	
              Section 2.06.

            	 	
              Temporary Securities

            	
              14

            
	 
      	
              Section 2.07.

            	 	
              Mutilated, Destroyed, Lost Or Stolen
      Securities

            	
              15

            
	 
      	
              Section 2.08.

            	 	
              Cancellation

            	
              16

            
	 
      	
              Section 2.09.

            	 	
              Benefits Of Indenture

            	
              16

            
	 
      	
              Section 2.10.

            	 	
              Authenticating Agent

            	
              16

            
	 
      	
              Section 2.11.

            	 	
              Global Securities

            	
              17

            
	
              ARTICLE THREE

            	
              REDEMPTION OF SECURITIES AND SINKING FUND
      PROVISIONS

            	
              18

            
	 
      	
              Section 3.01.

            	 	
              Redemption

            	
              18

            
	 
      	
              Section 3.02.

            	 	
              Notice Of Redemption

            	
              18

            
	 
      	
              Section 3.03.

            	 	
              Selection of Securities to be Redeemed

            	
              19

            
	 
      	
              Section 3.04.

            	 	
              Effect of Notice of Redemption

            	
              19

            
	 
      	
              Section 3.05.

            	 	
              Payment Upon Redemption

            	
              19

            
	 
      	
              Section 3.06.

            	 	
              Sinking Fund

            	
              20

            
	 
      	
              Section 3.07.

            	 	
              Satisfaction Of Sinking Fund Payments With
      Securities

            	
              20

            
	 
      	
              Section 3.08.

            	 	
              Redemption Of Securities For Sinking Fund

            	
              20

            
	
              ARTICLE FOUR

            	
              COVENANTS

            	
              21

            
	 
      	
              Section 4.01.

            	 	
              Payment Of Principal, Premium And
Interest

            	
              21

            
	 
      	
              Section 4.02.

            	 	
              Maintenance of Office or Agency

            	
              21

            
	 
      	
              Section 4.03.

            	 	
              Paying Agents

            	
              21

            
	 
      	
              Section 4.04.

            	 	
              Holder Lists

            	
              22

            
	 
      	
              Section 4.05.

            	 	
              Compliance Certificates

            	
              23

            
	 
      	
              Section 4.06.

            	 	
              Reports By The Company

            	
              23

            
	
              ARTICLE FIVE

            	
              SUCCESSOR ENTITY

            	
              23

            
	 
      	
              Section 5.01.

            	 	
              Company May Consolidate, Etc

            	
              23

            
	 
      	
              Section 5.02.

            	 	
              Successor Entity Substituted

            	
              24

            
	 
      	
              Section 5.03.

            	 	
              Evidence of Consolidation, Etc to Trustee

            	
              24

            
	
              ARTICLE SIX

            	
              DEFAULTS AND REMEDIES

            	
              24

            
	 
      	
              Section 6.01.

            	 	
              Events of Default

            	
              24

            
	 
      	
              Section 6.02.

            	 	
              Acceleration

            	
              25

            

    

     

    
      
        
        

      

      
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              Section 6.03.

            	
            	
              Collection of Indebtedness and Suits For Enforcement by
      Trustee

            	
              26

            
	 
      	
              Section 6.04.

            	
            	
              Application Of Moneys Collected

            	
              27

            
	 
      	
              Section 6.05.

            	
            	
              Waiver of Past Defaults

            	
              28

            
	 
      	
              Section 6.06.

            	
            	
              Control by Majority

            	
              28

            
	 
      	
              Section 6.07.

            	
            	
              Limitation On Suits

            	
              28

            
	 
      	
              Section 6.08.

            	
            	
              Rights of Holders of Securities to Receive
      Payment

            	
              29

            
	 
      	
              Section 6.09.

            	
            	
              Undertaking for Costs

            	
              29

            
	
              ARTICLE SEVEN

            	
              TRUSTEE

            	
              30

            
	 
      	
              Section 7.01.

            	
            	
              Certain Duties And Responsibilities Of
      Trustee

            	
              30

            
	 
      	
              Section 7.02.

            	
            	
              Certain Rights of Trustee

            	
              31

            
	 
      	
              Section 7.03.

            	
            	
              Individual Rights of Trustee

            	
              32

            
	 
      	
              Section 7.04.

            	
            	
              Trustee Not Responsible For Recitals Or Issuance Or
      Securities

            	
              33

            
	 
      	
              Section 7.05.

            	
            	
              May Hold Securities

            	
              33

            
	 
      	
              Section 7.06.

            	
            	
              Moneys Held In Trust

            	
              33

            
	 
      	
              Section 7.07.

            	
            	
              Notice Of Default

            	
              33

            
	 
      	
              Section 7.08.

            	
            	
              Reports By The Trustee

            	
              33

            
	 
      	
              Section 7.09.

            	
            	
              Reliance On Officers’ Certificate

            	
              34

            
	 
      	
              Section 7.10.

            	
            	
              Preservation Of Information; Communications With
      Holders

            	
              34

            
	 
      	
              Section 7.11.

            	
            	
              Preferential Collection of Claims Against
      Company

            	
              34

            
	 
      	
              Section 7.12.

            	
            	
              Corporate Trustee Required; Eligibility; Disqualification;
      Conflicting Interests

            	
              34

            
	 
      	
              Section 7.13.

            	
            	
              Compensation And Reimbursement

            	
              35

            
	 
      	
              Section 7.14.

            	
            	
              Resignation And Removal; Appointment Of
      Successor

            	
              35

            
	 
      	
              Section 7.15.

            	
            	
              Acceptance Of Appointment By Successor

            	
              37

            
	 
      	
              Section 7.16.

            	
            	
              Merger, Conversion, Consolidation Or Succession To
      Business

            	
              38

            
	
              ARTICLE EIGHT

            	
              DEFEASANCE AND COVENANT DEFEASANCE

            	
              38

            
	 
      	
              Section 8.01.

            	
            	
              Option to Effect Legal Defeasance or Covenant
      Defeasance

            	
              38

            
	 
      	
              Section 8.02.

            	
            	
              Legal Defeasance and Discharge

            	
              38

            
	 
      	
              Section 8.03.

            	
            	
              Covenant Defeasance

            	
              39

            
	 
      	
              Section 8.04.

            	
            	
              Conditions to Legal or Covenant
Defeasance

            	
              39

            
	 
      	
              Section 8.05.

            	
            	
              Deposited Money and Government Securities to Be Held in
      Trust; Other Miscellaneous Provisions

            	
              40

            
	 
      	
              Section 8.06.

            	
            	
              Repayment to the Company

            	
              41

            
	 
      	
              Section 8.07.

            	
            	
              Reinstatement

            	
              41

            
	
              ARTICLE NINE

            	
              AMENDMENT, SUPPLEMENT AND WAIVER

            	
              42

            
	 
      	
              Section 9.01.

            	
            	
              Without Consent of Holders of Securities

            	
              42

            
	 
      	
              Section 9.02.

            	
            	
              With Consent of Holders of Securities

            	
              43

            
	 
      	
              Section 9.03.

            	
            	
              Compliance with Trust Indenture Act

            	
              45

            
	 
      	
              Section 9.04.

            	
            	
              Revocation and Effect of Consents

            	
              45

            
	 
      	
              Section 9.05.

            	
            	
              Notation on or Exchange of Securities

            	
              45

            
	 
      	
              Section 9.06.

            	
            	
              Trustee to Sign Amendments, Etc

            	
              46

            
	
              ARTICLE TEN

            	
              SATISFACTION AND DISCHARGE

            	
              46

            
	 
      	
              Section 10.01.

            	
            	
              Satisfaction and Discharge

            	
              46

            

    

     

    
      
        
        

      

      
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              Section 10.02.

            	
            	
              Deposited Money and Government Securities to Be Held in
      Trust; Other Miscellaneous Provisions

            	
              47

            
	 
      	
              Section 10.03.

            	
            	
              Repayment to the Company

            	
              47

            
	
              ARTICLE ELEVEN

            	MISCELLANEOUS	
              47

            
	 
      	
              Section 11.01.

            	
            	
              Trust Indenture Act Controls

            	
              47

            
	 
      	
              Section 11.02.  

            	
            	
              Notices

            	
              48

            
	 
      	
              Section 11.03.

            	
            	
              Communication by Holders of Securities with Other Holders of
      Securities

            	
              49

            
	 
      	
              Section 11.04.

            	
            	
              Certificate and Opinion as to Conditions
      Precedent

            	
              49

            
	 
      	
              Section 11.05.

            	
            	
              Rules by Trustee and Agents

            	
              49

            
	 
      	
              Section 11.06.

            	
            	
              No Personal Liability of Directors, Officers, Employees and
      Shareholders

            	
              49

            
	 
      	
              Section 11.07.

            	
            	
              Governing Law

            	
              50

            
	 
      	
              Section 11.08.

            	
            	
              Consent to Jurisdiction

            	
              50

            
	 
      	
              Section 11.09.

            	
            	
              No Adverse Interpretation of Other
      Agreements

            	
              50

            
	 
      	
              Section 11.10.

            	
            	
              Successors and Assigns

            	
              50

            
	 
      	
              Section 11.11.

            	
            	
              Severability

            	
              51

            
	 
      	
              Section 11.12.

            	
            	
              Counterpart Originals

            	
              51

            
	 
      	
              Section 11.13.

            	
            	
              Acts of Holders

            	
              51

            
	 
      	
              Section 11.14.

            	
            	
              Benefit of Indenture

            	
              52

            
	 
      	
              Section 11.15.

            	
            	
              Table of Contents, Headings, Etc

            	
              52

            
	 
      	
              Section 11.16.

            	
            	
              Waiver of Jury Trial

            	
              52

            

    

     

    
      
         

      

      
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    FORM
OF INDENTURE

    

    INDENTURE,
dated as of _______________ among HEICO Corporation, a Florida corporation (the
“Company”), the guarantors listed on Schedule 1 hereto (herein called the
“Guarantors”) and [  ], as trustee (the “Trustee”):

    

    WHEREAS,
for its lawful corporate purposes, the Company has duly authorized the execution
and delivery of this Indenture to provide for the issuance of debt securities
(hereinafter referred to as the “Securities”), in an unlimited aggregate
principal amount to be issued from time to time in one or more series as in this
Indenture provided, as registered Securities without coupons, to be
authenticated by the certificate of the Trustee;

    

    WHEREAS,
to provide the terms and conditions upon which the Securities are to be
authenticated, issued and delivered, the Company has duly authorized the
execution of this Indenture; and

    

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

    

    NOW,
THEREFORE, in consideration of the premises and the purchase of the Securities
by the holders thereof, it is mutually covenanted and agreed as follows for the
equal and ratable benefit of the holders of Securities:

    

    ARTICLE ONE

    

    DEFINITIONS
AND INCORPORATION

    BY
REFERENCE

    

    
      
        	
                Section 1.01.

              	
                Definitions.

              

      

    

    

    The terms
defined in this Section (except as in this Indenture or any indenture
supplemental hereto otherwise expressly provided or unless the context otherwise
requires) for all purposes of this Indenture and of any indenture supplemental
hereto shall have the respective meanings specified in this Section and shall
include the plural as well as the singular.  All other terms used in
this Indenture that are defined in the Trust Indenture Act of 1939, as amended,
or that are by reference in such Act defined in the Securities Act of 1933, as
amended (except as herein or any indenture supplemental hereto otherwise
expressly provided or unless the context otherwise requires), shall have the
meanings assigned to such terms in said Trust Indenture Act and in said
Securities Act as in force at the date of the execution of this
instrument.

    

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

     

    
      
         

      

      
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    “Agent”
means any Registrar, paying agent or co-registrar.

    

    “Authenticating
Agent” means an authenticating agent with respect to all or any of the series of
Securities appointed by the Trustee pursuant to Section 2.10.

    

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

    

    “Beneficial
Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under
the Exchange Act.

    

    “Board of
Directors” means: (1) with respect to a corporation, the board of directors of
the corporation; (2) with respect to a partnership, the board of directors of
the general partner of the partnership; and (3) with respect to any other
Person, the board or committee of such Person serving a similar
function.

    

    “Board
Resolution” of the Company means a copy of a resolution certified by the
Secretary or an Assistant Secretary of the Company, as the case may be, to have
been duly adopted by its Board of Directors and to be in full force and effect
on the date of such certification, and delivered to the
Trustee.  Except as otherwise expressly provided or unless the context
otherwise requires, each reference herein to a “Board Resolution” shall mean a
Board Resolution of the Company.

    

    “Business
Day” means any day which is not a Saturday or Sunday or Legal
Holiday.  If a payment date is not a Business Day at a place of
payment, payment may be made at that place on the next succeeding day that is a
Business Day, and no interest shall accrue on such payment for the intervening
period.

    

    “Capital
Lease Obligation” means, at the time any determination thereof is to be made,
the amount of the liability in respect of a capital lease that would at that
time be required to be capitalized on a balance sheet in accordance with
GAAP.

    

    “Capital
Stock” means (1) in the case of a corporation, corporate stock; (2) in the case
of an association or business entity, any and all shares, interests,
participations, rights or other equivalents (however designated) of corporate
stock; (3) in the case of a partnership or limited liability company,
partnership or membership interests (whether general or limited); and (4) any
other interest or participation that confers on a Person the right to receive a
share of the profits and losses of, or distributions of assets of, the issuing
Person.

    

    “Company”
means HEICO Corporation

    

    “Continuing
Directors” means, as of any date of determination, any member of the Board of
Directors of the Company who:

    

    (1)           was
a member of such Board of Directors on the date of this Indenture;
or

     

    
      
         

      

      
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    (2)           was
nominated for election or elected to such Board of Directors with the approval
of a majority of the Continuing Directors who were members of such Board at the
time of such nomination or election.

    

    “Corporate
Trust Operations Office” means the principal office of the Trustee at which at
any time its corporate trust business shall be administered, which office at the
date hereof is located at the address of the Trustee specified in Section 11.02
hereof, or such other address as to which the Trustee may from time to time give
notice to the Company and to the Holders.

    

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

    

    “Defaulted
Interest” has the meaning given to it in Section 2.03(c).

    

    “Depositary”
means, with respect to Securities of any series for which the Company shall
determine that such Securities will be issued as a Global Security, The
Depositary Trust Company, New York, New York, another clearing agency, or any
successor registered as a clearing agency under the Exchange Act, or other
applicable statute or regulation, which, in each case, shall be appointed as
depositary hereunder and having become such pursuant to the applicable
provisions of this Indenture.

    

    “Event of
Default” has the meaning given to it in Section 6.01.

    

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

    

    “GAAP”
means generally accepted accounting principles set forth in the opinions and
pronouncements of the Accounting Principles Board of the American Institute of
Certified Public Accountants and statements and pronouncements of the Financial
Accounting Standards Board or in such other statements by such other entity as
have been approved by a significant segment of the accounting profession as
amended and/or modified from time to time.

    

    “Global
Security” means, with respect to any series of Securities, a Security executed
by the Company and delivered by the Trustee to the Depositary or pursuant to the
Depositary’s instruction, all in accordance with the Indenture, which shall be
registered in the name of the Depositary or its nominee.

    

    “Government
Securities” means securities issued or directly and fully guaranteed or insured
by the United States government or any agency or instrumentality of the United
States government; provided that the full faith and credit of the United States
is pledged in support of those securities.

    

    “Guarantee”
means a guarantee other than by endorsement of negotiable instruments for
collection or deposit in the ordinary course of business, direct or indirect, in
any manner including, without limitation, by way of a pledge of assets or
through letters of credit or reimbursement agreements in respect thereof, of all
or any part of any Indebtedness.

    

    “Guarantors”
means any Subsidiary that executes a Guarantee, in form and substance acceptable
to the Trustee, providing for the Guarantee of the payment of the Securities of
any

     

    
      
         

      

      
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    series in
accordance with provisions of this Indenture or any supplemental indentures, and
its respective successors and assigns.

    

    “Hedging
Agreements” mean, with respect to any specified Person, such
Persons:

    

    (1)           interest
rate swap agreements, interest rate cap agreements and interest rate collar
agreements; and

    

    (2)           other
agreements or arrangements designed to protect such Person against fluctuations
in interest rates.

    

    “Holder”
means a Person in whose name a Security is registered on the books of the
Company kept for that purpose in accordance with the terms of this
Indenture.

    

    “Indebtedness”
means, with respect to any specified Person, any indebtedness of such Person,
whether or not contingent:

    

    (1)           in
respect of borrowed money;

    

    (2)           evidenced
by bonds, notes, debentures or similar instruments or letters of credit (or
reimbursement agreements in respect thereof);

    

    (3)           in
respect of banker’s acceptances;

    

    (4)           representing
Capital Lease Obligations;

    

    (5)           representing
the balance deferred and unpaid of the purchase price of any property, except
any such balance that constitutes an accrued expense or trade payable;
or

    

    (6)           in
respect of any Hedging Obligations,

    

    if and to
the extent any of the preceding items (other than letters of credit and
obligations under Hedging Agreements) would appear as a liability upon a balance
sheet of the specified Person prepared in accordance with GAAP.  In
addition, the term “Indebtedness” includes all Indebtedness of others secured by
a Lien on any asset of the specified Person (whether or not such Indebtedness is
assumed by the specified Person) and, to the extent not otherwise included, the
Guarantee by the specified Person of any Indebtedness of any other
Person.

    

    The
amount of any Indebtedness outstanding as of any date will be:

    

    (A)           the
accreted value of the Indebtedness, in the case of any Indebtedness issued with
original issue discount;

    

    (B)           the
net payment obligation under such Person’s Hedging Agreements at the time of
determination;

    

    (C)           the
principal amount of the Indebtedness, together with any interest on the
Indebtedness that is more than 30 days past due, in the case of any other
Indebtedness.

    

    
      
         

      

      
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    “Indenture”
means this Indenture, as amended or supplemented from time to time.

    

    “Interest
Payment Date,” when used with respect to any installment of interest on a
Security of a particular series, means the date specified in such Security or in
a Board Resolution or in an indenture supplemental hereto with respect to such
series as the fixed date on which an installment of interest with respect to
Securities of that series is due and payable.

    

    “Legal
Holiday” means a day on which banking institutions in The City of New York or at
a place of payment are authorized by law, regulation or executive order to
remain closed.

    

    “Officer”
means, with respect to any Person, the Chairman of the Board, the Chief
Executive Officer, the President, the Chief Operating Officer, the Chief
Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the
Secretary, any Assistant Secretary or any Vice-President of such
Person.

    

    “Officers’
Certificate” means a certificate signed on behalf of the Company by at least two
Officers of the Company, one of whom must be either the principal executive
officer, the principal financial officer, the treasurer or the principal
accounting officer of the Company, which shall be in form and substance
reasonably acceptable to the Trustee.

    

    “Opinion
of Counsel” means an opinion from legal counsel who is reasonably acceptable to
the Trustee, which shall be in form and substance reasonably acceptable to the
Trustee.  The counsel may be an employee of or counsel to the Company,
any Subsidiary of the Company or the Trustee.

    

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

    

    (A)           Securities
theretofore cancelled by the Trustee or delivered to the Trustee for
cancellation;

    

    (B)           Securities,
or portions thereof, for whose payment or redemption money in the necessary
amount has been theretofore deposited with the Trustee or any Paying Agent
(other than the Company or any Affiliate thereof) in trust or set aside and
segregated in trust by the Company or any Affiliate thereof (if the Company or
any Affiliate thereof shall act as if such Securities are to be redeemed, notice
of such redemption has been duly given pursuant to this Indenture or provision
therefor reasonably satisfactory to the Trustee has been made;

    

    (C)           Securities,
to the extent provided in Section 802 and 803, with respect to which the Company
has effected defeasance or covenant defeasance as provided in Article Eight;
and

    

    (D)           Securities
in exchange for or in lieu of which other Securities have been authenticated and
delivered pursuant to this Indenture, other than any such Securities in respect
of which there shall have been presented to the Trustee and the Company
proof

     

    
      
         

      

      
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    reasonably
satisfactory to each of them that such Securities are held by a bona fide
purchaser in whose hands the Securities are valid obligations of the
Company;

    

    PROVIDED,
HOWEVER, that in determining whether the Holders of the requisite principal
amount of outstanding Securities have given any request, demand, authorization,
direction, notice, consent or waiver hereunder, Securities owned by the Company
or any other obligor upon the Securities or any Affiliate of the Company or such
other obligor shall be disregarded and deemed not to be outstanding, except
that, in determining whether the Trustee shall be protected in relying upon any
such request, demand, authorization, direction, notice, consent or waiver, only
Securities which a Responsible Officer of the Trustee actually knows to be so
owned shall be so disregarded.  Securities so owned which have been
pledged in good faith may be regarded as outstanding if the pledgee establishes
to the reasonably satisfaction of the Trustee the pledgee’s right so to act with
respect to such Securities and that the pledgee is not the Company or any other
obligor upon the Securities or any Affiliate of the Company or such other
obligor.

    

    “Person”
means any individual, corporation, partnership, joint venture, association,
joint-stock company, trust, unincorporated organization, limited liability
company or government or other entity.

    

    “Predecessor
Security” of any particular Security means every previous Security evidencing
all or a portion of the same Indebtedness as that evidenced by such particular
Security; and, for the purposes of this definition, any Security authenticated
and delivered under Section 2.07 in lieu of a lost, destroyed or stolen Security
shall be deemed to evidence the same Indebtedness as the lost, destroyed or
stolen Security.

    

    “Responsible
Officer,” when used with respect to the Trustee, means any vice president,
assistant vice president, treasurer, assistant treasurer or other trust officer
within the Corporate Trust Operations Office of the Trustee (or any successor
group of the Trustee) or any other officer of the Trustee customarily performing
functions similar to those performed by any of the above designated officers and
also means, with respect to a particular corporate trust matter, any other
officer to whom such matter is referred because of his or her knowledge of and
familiarity with the particular subject and who shall have direct responsibility
for the administration of this Indenture.

    

    “SEC”
means the Securities and Exchange Commission.

    

    “Securities”
means the debt securities authenticated and delivered under this
Indenture.

    

    “Security
Register” has the meaning given to it in Section 2.05.

    

    “Security
Registrar” has the meaning given to it in Section 2.05.

    

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

    

    “Stated
Maturity” means, with respect to any installment of interest or principal on any
series of Indebtedness, the date on which such payment of interest or principal
was scheduled to 

     

    
      
         

      

      
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    be paid
in the original documentation governing such Indebtedness, and shall not include
any contingent obligations to repay, redeem or repurchase any such interest or
principal prior to the date originally scheduled for the payment
thereof.

    

    “Subsidiary”
means, with respect to any specified Person: (1) any corporation, association or
other business entity of which more than 50% of the total voting power of shares
of Capital Stock entitled (without regard to the occurrence of any contingency)
to vote in the election of directors, managers or trustees thereof is at the
time owned or controlled, directly or indirectly, by such Person or one or more
of the other Subsidiaries of that Person (or a combination thereof); and (2) any
partnership (a) the sole general partner or the managing general partner of
which is such Person or a Subsidiary of such Person or (b) the only general
partners of which are such Person or one or more Subsidiaries of such Person (or
any combination thereof).

    

    “Trustee”
means ________________, until a successor replaces it in accordance with the
applicable provisions of this Indenture and thereafter means the successor
serving hereunder.

    

    “Trust
Indenture Act” means the Trust Indenture Act of 1939, as amended and as in
effect on the date on which this Indenture is qualified under the Trust
Indenture Act.

    

    “U.S.
Dollar Equivalent” means with respect to any monetary amount in a currency other
than U.S.  dollars, at the time for determination thereof, the amount
of U.S. dollars obtained by converting such foreign currency involved in such
computation into U.S. dollars at the spot rate for the purchase of U.S. dollars
with the applicable foreign currency as published in The Wall Street Journal in
the “Exchange Rates” table under the heading “Currency Trading” on the date two
Business Days prior to such determination.

    

    Whenever
it is necessary to determine whether the Company has complied with any covenant
in this Indenture or a Default has occurred and an amount is expressed in a
currency other than U.S.  dollars, such amount will be treated as the
U.S. Dollar Equivalent determined as of the date such amount was initially
incurred in such currency.

    

    “Voting
Stock” of any Person as of any date means the Capital Stock of such Person that
is at the time entitled to vote in the election of the Board of Directors of
such Person.

    

    
      
        	
                Section 1.02.

              	
                Incorporation
      by Reference of Trust Indenture
Act.

              

      

    

    

    Whenever
this Indenture refers to a provision of the Trust Indenture Act, the provision
is incorporated by reference in and made a part of this Indenture.

    

    The
following Trust Indenture Act terms used in this Indenture have the following
meanings:

    

    “indenture
securities” means any Securities issued pursuant to this Indenture;

    

    “indenture
security Holder” means a Holder of a Security;

    

    “indenture
to be qualified” means this Indenture;

     

    
      
         

      

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

    

    “obligor”
on the Securities means the Company and any successor obligor upon the
Securities.

    

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

    

    
      	
              Section 1.03.

            	
              Rules
      of Construction.

            

    

    

    Unless
the context otherwise requires:

    

    
      	
            	
              (i) 

            	
              a
      term has the meaning assigned to
it;

            

    

    

    
      	
            	
              (ii) 

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

            

    

    

    
      	
            	
              (iii) 

            	
              “or”
      is not exclusive;

            

    

    

    
      	
            	
              (iv) 

            	
              words
      in the singular include the plural, and in the plural include the
      singular;

            

    

    

    
      	
            	
              (v) 

            	
              provisions
      apply to successive events and transactions;
and

            

    

    

    
      	
            	
              (vi) 

            	
              references
      to sections of or rules under the
Securities

            

    

    

    Act shall
be deemed to include substitute, replacement of successor sections or rules
adopted by the SEC from time to time.

    

    ARTICLE TWO

    

    ISSUE,
DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND EXCHANGE

    OF
SECURITIES

    

    
      	
              Section 2.01.

            	
              Designation
      And Terms Of Securities.

            

    

    

    (a)       
  The aggregate principal amount of Securities that may be
authenticated and delivered under this Indenture is unlimited.  The
Securities may be issued in one or more series up to the aggregate principal
amount of Securities of that series from time to time authorized by or pursuant
to a Board Resolution or pursuant to one or more indentures supplemental
hereto.  Prior to the initial issuance of Securities of any series,
there shall be established in or pursuant to a Board Resolution, and set forth
in an Officers’ Certificate, or established in one or more indentures
supplemental hereto:

    

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

     

    
      
         

      

      
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    (ii)        
  any limit upon the aggregate principal amount of the Securities of
the series that may be authenticated and delivered under this Indenture (except
for Securities authenticated and delivered upon registration of transfer of, or
in exchange for, or in lieu of, other Securities of that series);

    

    (iii)        
  the date or dates on which the principal of the Securities of the
series is payable, any original issue discount that may apply to the Securities
of that series upon their issuance, the principal amount due at maturity, and
the place(s) of payment;

    

    (iv)       
  the rate or rates at which the Securities of the series shall bear
interest or the manner of calculation of such rate or rates, if
any;

    

    (v)      
    the date or dates from which such interest shall accrue,
the Interest Payment Dates on which such interest will be payable or the manner
of determination of such Interest Payment Dates, the place(s) of payment, and
the record date for the determination of holders to whom interest is payable on
any such Interest Payment Dates or the manner of determination of such record
dates;

    

    (vi)       
  the right, if any, to extend the interest payment periods and the
duration of such extension;

    

    (vii)     
   the period or periods within which, the price or prices at
which and the terms and conditions upon which Securities of the series may be
redeemed, in whole or in part, at the option of the Company;

    

    (viii)    
  the obligation, if any, of the Company to redeem or purchase
Securities of the series pursuant to any sinking fund, mandatory redemption, or
analogous provisions (including payments made in cash in satisfaction of future
sinking fund obligations) or at the option of a holder thereof and the period or
periods within which, the price or prices at which, and the terms and conditions
upon which, Securities of the series shall be redeemed or purchased, in whole or
in part, pursuant to such obligation;

    

    (ix)       
   the form of the Securities of the series including the form of
the certificate of authentication for such series;

    

    (x)        
  if other than denominations of one thousand U.S. dollars ($1,000) or
any integral multiple thereof, the denominations in which the Securities of the
series shall be issuable;

    

    (xi)        
  any and all other terms (including terms, to the extent applicable,
relating to any auction or remarketing of the Securities of the series and any
security for the obligations of the Company with respect to such Securities)
with respect to such series of Securities (which terms shall not be inconsistent
with the terms of this Indenture, as amended by any supplemental indenture)
including any terms which may be required by or advisable under United States
laws or regulations or advisable in connection with the marketing of Securities
of that series;

     

    
      
         

      

      
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    (xii)        
whether the Securities of the series are issuable as a Global Security and, in
such case, the terms and the identity of the Depositary for such
series;

    

    (xiii)      
 whether the Securities of the series will be convertible into or
exchangeable for shares of common stock or other securities of the Company or
any other Person and, if so, the terms and conditions upon which such Securities
will be so convertible or exchangeable, including the conversion or exchange
price, as applicable, or how it will be calculated and may be adjusted, any
mandatory or optional (at the Company’s option or the holders’ option)
conversion or exchange features, and the applicable conversion or exchange
period;

    

    (xiv)      
 if other than the principal amount thereof, the portion of the principal
amount of Securities of the series which shall be payable upon declaration of
acceleration of the maturity thereof pursuant to Section 6.01;

    

    (xv)      
  any additional or different Events of Default or restrictive
covenants (which may include, among other restrictions, restrictions on the
Company’s ability or the ability of the Company’s Subsidiaries to: incur
additional Indebtedness; issue additional securities; create liens; pay
dividends or make distributions in respect of their capital stock; redeem
capital stock; place restrictions on such Subsidiaries placing restrictions on
their ability to pay dividends, make distributions or transfer assets; make
investments or other restricted payments; sell or otherwise dispose of assets;
enter into sale-leaseback transactions; engage in transactions with shareholders
and affiliates; issue or sell stock of their Subsidiaries; or effect a
consolidation or merger) or financial covenants (which may include, among other
financial covenants, financial covenants that require the Company and its
Subsidiaries to maintain specified interest coverage, fixed charge, cash
flow-based or asset-based ratios) provided for with respect to the Securities of
the series;

    

    (xvi)       
if other than dollars, the coin or currency in which the Securities of the
series are denominated (including, but not limited to, foreign
currency);

    

    (xvii)     
 the terms and conditions, if any, upon which the Company shall pay amounts
in addition to the stated interest, premium, if any, and principal amounts, with
respect to the Securities of the series to any Holder that is not a “United
States person” for federal tax purposes;

    

    (xviii)     
any restrictions on transfer, sale or assignment of the Securities of the
series; and

    

    (xix)      
  the form and terms of any guarantee of any Securities of the
series.

    

    All
Securities of any one series shall be substantially identical except as to
denomination and except as may otherwise be provided in or pursuant to any such
Board Resolution or in any indentures supplemental hereto.

    

    If any of
the terms of the series are established by action taken pursuant to a Board
Resolution of the Company, a copy of an appropriate record of such action shall
be certified by 

     

    
      
         

      

      
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    the
secretary or an assistant secretary of the Company and delivered to the Trustee
at or prior to the delivery of the Officers’ Certificate of the Company setting
forth the terms of the series.

    

    Securities
of any particular series may be issued at various times, with different dates on
which the principal or any installment of principal is payable, with different
rates of interest, if any, or different methods by which rates of interest may
be determined, with different dates on which such interest may be payable and
with different redemption dates.

    

    
      	
              Section 2.02.

            	
              Form
      of Securities and Trustee’s
Certificate.

            

    

    

    The
Securities of any series and the Trustee’s certificate of authentication shall
be substantially of the tenor and purport as set forth in one or more indentures
supplemental hereto or as provided in a Board Resolution, and set forth in an
Officers’ Certificate, and they may have such letters, numbers or other marks of
identification or designation and such legends or endorsements printed,
lithographed or engraved thereon as the Company may deem appropriate and as are
not inconsistent with the provisions of this Indenture, or as may be required to
comply with any law or with any rule or regulation made pursuant thereto or with
any rule or regulation of any securities exchange on which Securities of that
series may be listed, or to conform to usage.

    

    
      	
              Section 2.03.

            	
              Denominations:
      Provisions For Payment.

            

    

    

    (a)       The
Securities shall be issuable as registered Securities and in the denominations
of one thousand U.S. dollars ($1,000) or any integral multiple thereof, subject
to Section 2.01(10).  The Securities of a particular series shall bear
interest payable on the dates and at the rate specified with respect to that
series.  The principal of and the interest on the Securities of any
series, as well as any premium thereon in case of redemption thereof prior to
maturity, shall be payable in the coin or currency of the United States of
America that at the time is legal tender for public and private debt, at the
office or agency of the Company maintained for that purpose.  Each
Security shall be dated the date of its authentication.  Except as
otherwise specified or contemplated in Section 2.01, interest on the Securities
shall be computed on the basis of a 360-day year composed of twelve 30-day
months.

    

    (b)      The
interest installment on any Security that is payable, and is punctually paid or
duly provided for, on any Interest Payment Date for Securities of that series
shall be paid to the Person in whose name said Security (or one or more
Predecessor Securities) is registered at the close of business on the regular
record date for such interest installment.  In the event that any
Security of a particular series or portion thereof is called for redemption and
the redemption date is subsequent to a regular record date with respect to any
Interest Payment Date and prior to such Interest Payment Date, interest on such
Security will be paid upon presentation and surrender of such Security as
provided in Section 3.05.

    

    (c)       Any
interest on any Security that is payable, but is not punctually paid or duly
provided for, on any Interest Payment Date for Securities of the same series
(herein called “Defaulted Interest”) shall forthwith cease to be payable to the
registered holder on the relevant regular record date by virtue of having been
such holder; and such Defaulted Interest shall be paid by the Company, at its
election, as provided in clause (i) or clause (ii) below:

     

    
      
         

      

      
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    (i)           The
Company may make payment of any Defaulted Interest on Securities to the Persons
in whose names such Securities (or their respective Predecessor Securities) are
registered at the close of business on a special record date for the payment of
such Defaulted Interest, which shall be fixed in the following manner: the
Company shall notify the Trustee in writing of the amount of Defaulted Interest
proposed to be paid on each such Security and the date of the proposed payment,
and at the same time the Company shall deposit with the Trustee an amount of
money equal to the aggregate amount proposed to be paid in respect of such
Defaulted Interest or shall make arrangements satisfactory to the Trustee for
such deposit prior to the date of the proposed payment, such money when
deposited to be held in trust for the benefit of the Persons entitled to such
Defaulted Interest as in this clause provided.  Thereupon the Trustee
shall fix a special record date for the payment of such Defaulted Interest which
shall not be more than 15 nor less than 10 days prior to the date of the
proposed payment and not less than 10 days after the receipt by the Trustee of
the notice of the proposed payment.  The Trustee shall promptly notify
the Company of such special record date and, in the name and at the expense of
the Company, shall cause notice of the proposed payment of such Defaulted
Interest and the special record date therefor to be mailed, first class postage
prepaid, to each Holder at his or her address as it appears in the Security
Register (as hereinafter defined), not less than 10 days prior to such special
record date.  Notice of the proposed payment of such Defaulted
Interest and the special record date therefor having been mailed as aforesaid,
such Defaulted Interest shall be paid to the Persons in whose names such
Securities (or their respective Predecessor Securities) are registered on such
special record date.

    

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

    

    (d)           Unless
otherwise set forth in a Board Resolution or one or more indentures supplemental
hereto establishing the terms of any series of Securities pursuant to Section
2.01 hereof, the term “regular record date” as used in this Section with respect
to a series of Securities and any Interest Payment Date for such series shall
mean either the fifteenth day of the month immediately preceding the month in
which an Interest Payment Date established for such series pursuant to Section
2.01 hereof shall occur, if such Interest Payment Date is the first day of a
month, or the last day of the month immediately preceding the month in which an
Interest Payment Date established for such series pursuant to Section 2.01
hereof shall occur, if such Interest Payment Date is the fifteenth day of a
month, whether or not such date is a Business Day.

    

    (e)           Subject
to the foregoing provisions of this Section, each Security of a series delivered
under this Indenture upon transfer of or in exchange for or in lieu of any other
Security of such series shall carry the rights to interest accrued and unpaid,
and to accrue, that were carried by such other Security.

     

    
      
         

      

      
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              Section 2.04.

            	
              Execution
      and Authentication.

            

    

    

    The
Securities shall be signed on behalf of the Company by one of its Officers,
under its corporate seal attested by its secretary or one of its assistant
secretaries.  Signatures may be in the form of a manual, facsimile or
other commercially accepted electronic means signature.

    

    The
Company may use the manual, facsimile or other commercially accepted electronic
means signature of any Person who shall have been an Officer, notwithstanding
the fact that at the time the Securities shall be authenticated and delivered or
disposed of such Person shall have ceased to be such an Officer of the
Company.  The seal of the Company may be in the form of a manual,
facsimile or other commercially accepted electronic means of such seal and may
be impressed, affixed, imprinted or otherwise reproduced on the
Securities.  The Securities may contain such notations, legends or
endorsements required by law, stock exchange rule or usage.  Each
Security shall be dated the date of its authentication by the
Trustee.

    

    A
Security shall not be valid until authenticated manually by an authorized
signatory of the Trustee.  Such signature shall be conclusive evidence
that the Security so authenticated has been duly authenticated and delivered
hereunder and that the holder is entitled to the benefits of this
Indenture.  At any time and from time to time after the execution and
delivery of this Indenture, the Company may deliver Securities of any series
executed by the Company to the Trustee for authentication, together with a
written order of the Company for the authentication and delivery of such
Securities, signed by an Officer, and the Trustee in accordance with such
written order shall authenticate and deliver such Securities.

    

    In
authenticating such Securities and accepting the additional responsibilities
under this Indenture in relation to such Securities, the Trustee shall be
entitled to receive, and (subject to Section 7.01) shall be fully protected in
relying upon, an Opinion of Counsel stating that the form and terms thereof have
been established in conformity with the provisions of this
Indenture.

    

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

    

    
      	
              Section 2.05.

            	
              Transfer
      and Exchange.

            

    

    

    (a)           Securities
of any series may be exchanged upon presentation thereof at the office or agency
of the Company designated for such purpose, for other Securities of such series
of authorized denominations, and for a like aggregate principal amount, upon
payment of a sum sufficient to cover any tax or other governmental charge in
relation thereto, all as provided in this Section.  In respect of any
Securities so surrendered for exchange, the Company shall execute, the Trustee
shall authenticate and such office or agency shall deliver in exchange therefor
the Security or Securities of the same series that the Holder making the
exchange shall be entitled to receive, bearing numbers not contemporaneously
outstanding.

    

    (b)           The
Company shall keep, or cause to be kept, at its office or agency designated for
such purpose in the city wherein the Trustee’s primary offices are located, or
such other location designated by the Company, a register or registers (herein
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    Register”)
in which, subject to such reasonable regulations as it may prescribe (including,
but not limited to, compliance with the provisions of the Securities Act and any
rules and regulations promulgated thereunder, and any other applicable
securities laws), the Company shall register the Securities and the transfers of
Securities as in this Article provided and which at all reasonable times shall
be open for inspection by the Trustee.  The registrar for the purpose
of registering Securities and transfer of Securities as herein provided shall be
appointed as authorized by Board Resolution (the “Security
Registrar”).

    

    Upon
surrender for transfer of any Security at the office or agency of the Company
designated for such purpose, the Company shall execute, the Trustee shall
authenticate and such office or agency shall deliver in the name of the
transferee or transferees a new Security or Securities of the same series as the
Security presented for a like aggregate principal amount.

    

    All
Securities presented or surrendered for exchange or registration of transfer, as
provided in this Section, shall be accompanied (if so required by the Company or
the Security Registrar) by a written instrument or instruments of transfer, in
form satisfactory to the Company or the Security Registrar, duly executed by the
registered holder or by such holder’s duly authorized attorney in
writing.

    

    (c)           Except
as provided pursuant to Section 2.01 pursuant to a Board Resolution, and set
forth in an Officers’ Certificate, or established in one or more indentures
supplemental to this Indenture, no service charge shall be made for any exchange
or registration of transfer of Securities, or issue of new Securities in case of
partial redemption of any series, but the Company may require payment of a sum
sufficient to cover any tax or other governmental charge in relation thereto,
other than exchanges pursuant to Section 2.06, Section 3.05(b)and Section 9.05
not involving any transfer.

    

    (d)           The
Company shall not be required (i) to issue, exchange or register the transfer of
any Securities during a period beginning at the opening of business 15 days
before the day of the mailing of a notice of redemption of less than all the
outstanding Securities of the same series and ending at the close of business on
the day of such mailing, nor (ii) to register the transfer of or exchange any
Securities of any series or portions thereof called for redemption, other than
the unredeemed portion of any such Securities being redeemed in
part.  The provisions of this Section 2.05 are, with respect to any
Global Security, subject to Section 2.11 hereof.

    

    
      	
              Section 2.06.

            	
              Temporary
      Securities.

            

    

    

    Pending
the preparation of definitive Securities of any series, the Company may execute,
and the Trustee shall authenticate and deliver, temporary Securities (printed,
lithographed or typewritten) of any authorized denomination.  Such
temporary Securities shall be substantially in the form of the definitive
Securities in lieu of which they are issued, but with such omissions, insertions
and variations as may be appropriate for temporary Securities, all as may be
determined by the Company.  Every temporary Security of any series
shall be executed by the Company and be authenticated by the Trustee upon the
same conditions and in substantially the same manner, and with like effect, as
the definitive Securities of such series.  Without unnecessary delay
the Company will execute and will furnish definitive Securities of such series
and thereupon any or all temporary Securities of such series may be surrendered
in exchange

     

    
      
         

      

      
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     therefor
(without charge to the holders), at the office or agency of the Company
designated for the purpose, and the Trustee shall authenticate and such office
or agency shall deliver in exchange for such temporary Securities an equal
aggregate principal amount of definitive Securities of such series, unless the
Company advises the Trustee to the effect that definitive Securities need not be
executed and furnished until further notice from the Company.  Until
so exchanged, the temporary Securities of such series shall be entitled to the
same benefits under this Indenture as definitive Securities of such series
authenticated and delivered hereunder.

    

    
      	
              Section 2.07.

            	
              Mutilated,
      Destroyed, Lost Or Stolen
Securities.

            

    

    

    In case
any temporary or definitive Security shall become mutilated or be destroyed,
lost or stolen, the Company (subject to the next succeeding sentence) shall
execute, and upon the Company’s request the Trustee (subject as aforesaid) shall
authenticate and deliver, a new Security of the same series, bearing a number
not contemporaneously outstanding, in exchange and substitution for the
mutilated Security, or in lieu of and in substitution for the Security so
destroyed, lost or stolen.  In every case the applicant for a
substituted Security shall furnish to the Company and the Trustee such security
or indemnity as may be required by them to save each of them harmless, and, in
every case of destruction, loss or theft, the applicant shall also furnish to
the Company and the Trustee evidence to their satisfaction of the destruction,
loss or theft of the applicant’s Security and of the ownership
thereof.  The Trustee may authenticate any such substituted Security
and deliver the same upon the written request or authorization of any officer of
the Company.  Upon the issuance of any substituted Security, the
Company may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and any other
expenses (including the fees and expenses of the Trustee) connected
therewith.

    

    In case
any Security that has matured or is about to mature shall become mutilated or be
destroyed, lost or stolen, the Company may, instead of issuing a substitute
Security, pay or authorize the payment of the same (without surrender thereof
except in the case of a mutilated Security) if the applicant for such payment
shall furnish to the Company and the Trustee such security or indemnity as they
may require to save them harmless, and, in case of destruction, loss or theft,
evidence to the satisfaction of the Company and the Trustee of the destruction,
loss or theft of such Security and of the ownership thereof.

    

    Every
replacement Security issued pursuant to the provisions of this Section shall
constitute an additional contractual obligation of the Company whether or not
the mutilated, destroyed, lost or stolen Security shall be found at any time, or
be enforceable by anyone, and shall be entitled to all the benefits of this
Indenture equally and proportionately with any and all other Securities of the
same series duly issued hereunder.  All Securities shall be held and
owned upon the express condition that the foregoing provisions are exclusive
with respect to the replacement or payment of mutilated, destroyed, lost or
stolen Securities, and shall preclude (to the extent lawful) any and all other
rights or remedies, notwithstanding any law or statute existing or hereafter
enacted to the contrary with respect to the replacement or payment of negotiable
instruments or other securities without their surrender.

     

    
      
         

      

      
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              Section 2.08.

            	
              Cancellation.

            

    

    

    All
Securities surrendered for the purpose of payment, redemption, exchange or
registration of transfer shall, if surrendered to the Company or any paying
agent, be delivered to the Trustee for cancellation, or, if surrendered to the
Trustee, shall be cancelled by it, and no Securities shall be issued in lieu
thereof except as expressly required or permitted by any of the provisions of
this Indenture.  On request of the Company at the time of such
surrender, the Trustee shall deliver to the Company canceled Securities held by
the Trustee.  In the absence of such request the Trustee may dispose
of canceled Securities in accordance with its standard procedures and deliver a
certificate of disposition to the Company.  If the Company shall
otherwise acquire any of the Securities, however, such acquisition shall not
operate as a redemption or satisfaction of the Indebtedness represented by such
Securities unless and until the same are delivered to the Trustee for
cancellation.

    

    
      	
              Section 2.09.

            	
              Benefits
      Of Indenture.

            

    

    

    Nothing
in this Indenture or in the Securities, express or implied, shall give or be
construed to give to any Person, other than the parties hereto and the holders
of the Securities any legal or equitable right, remedy or claim under or in
respect of this Indenture, or under any covenant, condition or provision herein
contained; all such covenants, conditions and provisions being for the sole
benefit of the parties hereto and of the holders of the Securities.

    

    
      	
              Section 2.10.

            	
              Authenticating
      Agent.

            

    

    

    So long
as any of the Securities of any series remain outstanding there may be an
Authenticating Agent for any or all such series of Securities which the Trustee
shall have the right to appoint.  Said Authenticating Agent shall be
authorized to act on behalf of the Trustee to authenticate Securities of such
series issued upon exchange, transfer or partial redemption thereof, and
Securities so authenticated shall be entitled to the benefits of this Indenture
and shall be valid and obligatory for all purposes as if authenticated by the
Trustee hereunder.  An Authenticating Agent has the same rights as an
Agent to deal with Holders or an Affiliate of the Company.  All
references in this Indenture to the authentication of Securities by the Trustee
shall be deemed to include authentication by an Authenticating Agent for such
series.  Each Authenticating Agent shall be acceptable to the Company
and shall be a corporation that has a combined capital and surplus, as most
recently reported or determined by it, sufficient under the laws of any
jurisdiction under which it is organized or in which it is doing business to
conduct a trust business, and that is otherwise authorized under such laws to
conduct such business and is subject to supervision or examination by federal or
state authorities.  If at any time any Authenticating Agent shall
cease to be eligible in accordance with these provisions, it shall resign
immediately.

    

    Any
Authenticating Agent may at any time resign by giving written notice of
resignation to the Trustee and to the Company.  The Trustee may at any
time (and upon request by the Company shall) terminate the agency of any
Authenticating Agent by giving written notice of termination to such
Authenticating Agent and to the Company.  Upon resignation,
termination or cessation of eligibility of any Authenticating Agent, the Trustee
may appoint an eligible successor Authenticating Agent acceptable to the
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    Agent,
upon acceptance of its appointment hereunder, shall become vested with all the
rights, powers and duties of its predecessor hereunder as if originally named as
an Authenticating Agent pursuant hereto.

    

    
      	
              Section 2.11.

            	
              Global
      Securities.

            

    

    

    (a)           If
the Company shall establish pursuant to Section 2.01 that the Securities of a
particular series are to be issued as a Global Security, then the Company shall
execute and the Trustee shall, in accordance with Section 2.04, authenticate and
deliver, a Global Security that (i) shall represent, and shall be denominated in
an amount equal to the aggregate principal amount of, all of the outstanding
Securities of such series, (ii) shall be registered in the name of the
Depositary or its nominee, (iii) shall be delivered by the Trustee to the
Depositary or pursuant to the Depositary’s instruction and (iv) shall bear a
legend substantially to the following effect: “Except as otherwise provided in
Section 2.11 of the Indenture, this Security may be transferred, in whole but
not in part, only to another nominee of the Depositary or to a successor
Depositary or to a nominee of such successor Depositary.”

    

    (b)           Notwithstanding
the provisions of Section 2.05, the Global Security of a series may be
transferred, in whole but not in part and in the manner provided in Section
2.05, only to another nominee of the Depositary for such series, or to a
successor Depositary for such series selected or approved by the Company or to a
nominee of such successor Depositary.

    

    (c)           If
at any time the Depositary for a series of the Securities notifies the Company
that it is unwilling or unable to continue as Depositary for such series or if
at any time the Depositary for such series shall no longer be registered or in
good standing under the Exchange Act, or other applicable statute or regulation,
and a successor Depositary for such series is not appointed by the Company
within 90 days after the Company receives such notice or becomes aware of such
condition, as the case may be, or if an Event of Default has occurred and is
continuing and the Company has received a request from the Depositary, this
Section shall no longer be applicable to the Securities of such series and the
Company will execute, and subject to Section 2.04, the Trustee will authenticate
and deliver the Securities of such series in definitive registered form without
coupons, in authorized denominations, and in an aggregate principal amount equal
to the principal amount of the Global Security of such series in exchange for
such Global Security.  In addition, the Company may at any time
determine that the Securities of any series shall no longer be represented by a
Global Security and that the provisions of this Section shall no longer apply to
the Securities of such series.  In such event the Company will execute
and, subject to Section 2.04, the Trustee, upon receipt of an Officers’
Certificate evidencing such determination by the Company, will authenticate and
deliver the Securities of such series in definitive registered form without
coupons, in authorized denominations, and in an aggregate principal amount equal
to the principal amount of the Global Security of such series in exchange for
such Global Security.  Upon the exchange of the Global Security for
such Securities in definitive registered form without coupons, in authorized
denominations, the Global Security shall be canceled by the
Trustee.  Such Securities in definitive registered form issued in
exchange for the Global Security pursuant to this Section shall be registered in
such names and in such authorized denominations as the Depositary, pursuant to
instructions from its direct or indirect participants or otherwise, shall
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    Securities
to the Depositary for delivery to the Persons in whose names such Securities are
so registered.

    

    ARTICLE THREE

    

    REDEMPTION
OF SECURITIES AND SINKING FUND PROVISIONS

    

    
      	
              Section 3.01.

            	
              Redemption.

            

    

    

    The
Company may redeem the Securities of any series issued hereunder on and after
the dates and in accordance with the terms established for such series pursuant
to Section 2.01 hereof.

    

    
      	
              Section 3.02.

            	
              Notice
      Of Redemption.

            

    

    

    (a)           In
case the Company shall desire to exercise such right to redeem all or, as the
case may be, a portion of the Securities of any series in accordance with any
right the Company reserved for itself to do so pursuant to Section 2.01 hereof,
the Company shall, or shall cause the Trustee to, give notice of such redemption
to holders of the Securities of such series to be redeemed by mailing, first
class postage prepaid, a notice of such redemption not less than 30 days and not
more than 60 days before the date fixed for redemption of that series to such
holders at their last addresses as they shall appear upon the Security Register,
unless a shorter period is specified in the Securities to be
redeemed.  Any notice that is mailed in the manner herein provided
shall be conclusively presumed to have been duly given, whether or not the
registered holder receives the notice.  In any case, failure duly to
give such notice to the holder of any Security of any series designated for
redemption in whole or in part, or any defect in the notice, shall not affect
the validity of the proceedings for the redemption of any other Securities of
such series or any other series.  In the case of any redemption of
Securities prior to the expiration of any restriction on such redemption
provided in the terms of such Securities or elsewhere in this Indenture, the
Company shall furnish the Trustee with an Officers’ Certificate evidencing
compliance with any such restriction.

    

    (b)           Each
such notice of redemption shall specify the date fixed for redemption and the
redemption price at which Securities of that series are to be redeemed, and
shall state that payment of the redemption price of such Securities to be
redeemed will be made at the office or agency of the Company in the city wherein
the Trustee’s primary offices are located upon presentation and surrender of
such Securities, that interest accrued to the date fixed for redemption will be
paid as specified in said notice, that from and after said date interest will
cease to accrue and that the redemption is for a sinking fund, if such is the
case.  If less than all the Securities of a series are to be redeemed,
the notice to the holders of Securities of that series to be redeemed in part
shall specify the particular Securities to be so redeemed.

    

    (c)           In
case any Security is to be redeemed in part only, the notice that relates to
such Security shall state the portion of the principal amount thereof to be
redeemed, and shall state that on and after the redemption date, upon surrender
of such Security, a new Security or Securities of such series in principal
amount equal to the unredeemed portion thereof will be issued.

     

    
      
         

      

      
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              Section 3.03.

            	
              Selection
      of Securities to be Redeemed.

            

    

    

    (a)           If
less than all the Securities of a series are to be redeemed, the Company shall
give the Trustee at least 45 days’ notice in advance of the date fixed for
redemption as to the aggregate principal amount of Securities of the series to
be redeemed, and thereupon the Trustee shall select, by lot or in such other
manner as it shall deem appropriate and fair in its discretion and that may
provide for the selection of a portion or portions (equal to one thousand U.S.
dollars ($1,000) or any integral multiple thereof) of the principal amount of
such Securities of a denomination larger than $1,000, the Securities to be
redeemed and shall thereafter promptly notify the Company in writing of the
numbers of the Securities to be redeemed, in whole or in part.

    

    (b)           The
Company may, if and whenever it shall so elect, by delivery of instructions
signed on its behalf by an Officer listed in clause (i) of the definition
thereof, instruct the Trustee or any paying agent to call all or any part of the
Securities of a particular series for redemption and to give notice of
redemption in the manner set forth in this Section, such notice to be in the
name of the Company or its own name as the Trustee or such paying agent may deem
advisable.  In any case in which notice of redemption is to be given
by the Trustee or any such paying agent, the Company shall deliver or cause to
be delivered to, or permit to remain with, the Trustee or such paying agent, as
the case may be, such Security Register, transfer books or other records, or
suitable copies or extracts therefrom, sufficient to enable the Trustee or such
paying agent to give any notice by mail that may be required under the
provisions of this Section.

    

    
      	
              Section 3.04.

            	
              Effect
      of Notice of Redemption.

            

    

    

    Once
notice of redemption is mailed in accordance with Section 3.02 hereof,
Securities of any series called for redemption become irrevocably due and
payable on the redemption date at the redemption price.

    

    
      	
              Section 3.05.

            	
              Payment
      Upon Redemption.

            

    

    

    (a)           If
the giving of notice of redemption shall have been completed as above provided,
the Securities or portions of Securities of the series to be redeemed specified
in such notice shall become due and payable on the date and at the place stated
in such notice at the applicable redemption price, together with interest
accrued to the date fixed for redemption and interest on such Securities or
portions of Securities shall cease to accrue on and after the date fixed for
redemption, unless the Company shall default in the payment of such redemption
price and accrued interest with respect to any such Security or portion
thereof.  On presentation and surrender of such Securities on or after
the date fixed for redemption at the place of payment specified in the notice,
said Securities shall be paid and redeemed at the applicable redemption price
for such series, together with interest accrued thereon to the date fixed for
redemption (but if the date fixed for redemption is an interest payment date,
the interest installment payable on such date shall be payable to the registered
holder at the close of business on the applicable record date pursuant to
Section 2.03).

    

    (b)           Upon
presentation of any Security of such series that is to be redeemed in part only,
the Company shall execute and the Trustee shall authenticate and the office or
agency

     

    
      
         

      

      
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    where the
Security is presented shall deliver to the holder thereof, at the expense of the
Company, a new Security of the same series of authorized denominations in
principal amount equal to the unredeemed portion of the Security so
presented.

    

    
      	
              Section 3.06.

            	
              Sinking
      Fund.

            

    

    

    The
provisions of Sections 3.06, 3.07 and 3.08 shall be applicable to any sinking
fund for the retirement of Securities of a series, except as otherwise specified
as contemplated by Section 2.01 for Securities of such series.

    

    The
minimum amount of any sinking fund payment provided for by the terms of
Securities of any series is herein referred to as a “mandatory sinking fund
payment,” and any payment in excess of such minimum amount provided for by the
terms of Securities of any series is herein referred to as an “optional sinking
fund payment.” If provided for by the terms of Securities of any series, the
cash amount of any sinking fund payment may be subject to reduction as provided
in Section 3.07.  Each sinking fund payment shall be applied to the
redemption of Securities of any series as provided for by the terms of
Securities of such series.

    

    
      	
              Section 3.07.

            	
              Satisfaction
      Of Sinking Fund Payments With
Securities.

            

    

    

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

    

    
      	
              Section 3.08.

            	
              Redemption
      Of Securities For Sinking Fund.

            

    

    

    Not less
than 45 days prior to each sinking fund payment date for any series of
Securities, the Company will deliver to the Trustee an Officers’ Certificate
specifying the amount of the next ensuing sinking fund payment for that series
pursuant to the terms of the series, the portion thereof, if any, that is to be
satisfied by delivering and crediting Securities of that series pursuant to
Section 3.07 and the basis for such credit and will, together with such
Officers’ Certificate, deliver to the Trustee any Securities to be so
delivered.  Not less than 30 days before each such sinking fund
payment date the Trustee shall select the Securities to be redeemed upon such
sinking fund payment date in the manner specified in Section 3.03 and cause
notice of the redemption thereof to be given in the name of and at the expense
of the Company in the manner provided in Section 3.02.  Such notice
having been duly given, the redemption of such Securities shall be made upon the
terms and in the manner stated in Section 3.05.

    

    
      
         

      

      
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    ARTICLE FOUR

    

    COVENANTS

    

    
      	
              Section 4.01.

            	
              Payment
      Of Principal, Premium And Interest.

            

    

    

    The
Company will duly and punctually pay or cause to be paid the principal of (and
premium, if any) and interest on the Securities of that series at the time and
place and in the manner provided herein and established with respect to such
Securities.

    

    
      	
              Section 4.02.

            	
              Maintenance
      of Office or Agency.

            

    

    

    So long
as any series of the Securities remain outstanding, the Company agrees to
maintain an office or agency in the city wherein the Trustee’s primary offices
are located, with respect to each such series and at such other location or
locations as may be designated as provided in this Section, where (i) Securities
of that series may be presented for payment, (ii) Securities of that series may
be presented as herein above authorized for registration of transfer and
exchange, and (iii) notices and demands to or upon the Company in respect of the
Securities of that series and this Indenture may be given or served, such
designation to continue with respect to such office or agency until the Company
shall, by written notice signed by any officer authorized to sign an Officers’
Certificate and delivered to the Trustee, designate some other office or agency
for such purposes or any of them.  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, notices and demands may be
made or served at the Corporate Trust Operations Office of the Trustee, and the
Company hereby appoints the Trustee as its agent to receive all such
presentations, notices and demands.  The Company initially appoints
the Corporate Trust Operations Office of the Trustee, located in the city
wherein the Trustee’s primary offices are located, as its paying agent with
respect to the Securities.

    

    
      	
              Section 4.03.

            	
              Paying
      Agents.

            

    

    

    (a)           If
the Company shall appoint one or more paying agents for all or any series of the
Securities, other than the Trustee, the Company will cause each such paying
agent to execute and deliver to the Trustee an instrument in which such agent
shall agree with the Trustee, subject to the provisions of this
Section:

    

    (i)           that
it will hold all sums held by it as such agent for the payment of the principal
of (and premium, if any) or interest on the Securities of that series (whether
such sums have been paid to it by the Company or by any other obligor of such
Securities) in trust for the benefit of the Persons entitled
thereto;

    

    (ii)           that
it will give the Trustee notice of any failure by the Company (or by any other
obligor of such Securities) to make any payment of the principal of (and
premium, if any) or interest on the Securities of that series when the same
shall be due and payable;

     

    
      
         

      

      
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    (iii)           that
it will, at any time during the continuance of any failure referred to in the
preceding paragraph (a)(2) above, upon the written request of the Trustee,
forthwith pay to the Trustee all sums so held in trust by such paying agent;
and

    

    (iv)           that
it will perform all other duties of paying agent as set forth in this
Indenture.

    

    (b)           If
the Company shall act as its own paying agent with respect to any series of the
Securities, it will on or before each due date of the principal of (and premium,
if any) or interest on Securities of that series, set aside, segregate and hold
in trust for the benefit of the Persons entitled thereto a sum sufficient to pay
such principal (and premium, if any) or interest so becoming due on Securities
of that series until such sums shall be paid to such Persons or otherwise
disposed of as herein provided and will promptly notify the Trustee of such
action, or any failure (by it or any other obligor on such Securities) to take
such action.  Whenever the Company shall have one or more paying
agents for any series of Securities, it will, prior to each due date of the
principal of (and premium, if any) or interest on any Securities of that series,
deposit with the paying agent a sum sufficient to pay the principal (and
premium, if any) or interest so becoming due, such sum to be held in trust for
the benefit of the Persons entitled to such principal, premium or interest, and
(unless such paying agent is the Trustee) the Company will promptly notify the
Trustee of this action or failure so to act.

    

    (c)           Notwithstanding
anything in this Section to the contrary, (i) the agreement to hold sums in
trust as provided in this Section is subject to the provisions of Section 8.06
and Section 10.03, and (ii) the Company may at any time, for the purpose of
obtaining the satisfaction and discharge of this Indenture or for any other
purpose, pay, or direct any paying agent to pay, to the Trustee all sums held in
trust by the Company or such paying agent, such sums to be held by the Trustee
upon the same terms and conditions as those upon which such sums were held by
the Company or such paying agent; and, upon such payment by the Company or any
paying agent to the Trustee, the Company or such paying agent shall be released
from all further liability with respect to such money.

    

    
      	
              Section 4.04.

            	
              Holder
      Lists.

            

    

    

    The
Company will furnish or cause to be furnished to the Trustee (a) on each regular
record date (as defined in Section 2.03) a list, in such form as the Trustee may
reasonably require, of the names and addresses of the holders of each series of
Securities as of such regular record date, provided that the Company shall not
be obligated to furnish or cause to furnish such list at any time that the list
shall not differ in any respect from the most recent list furnished to the
Trustee by the Company and (b) at such other times as the Trustee may request in
writing within 30 days after the receipt by the Company of any such request, a
list of similar form and content as of a date not more than 15 days prior to the
time such list is furnished; provided, however, that, in either case, no such
list need be furnished for any series for which the Trustee shall be the
Security Registrar and the Company shall otherwise comply with Trust Indenture
Act Section 312(a).

     

    
      
         

      

      
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              Section 4.05.

            	
              Compliance
      Certificates.

            

    

    

    The
Company or any Guarantors shall deliver to the Trustee, within 120 days after
the end of each fiscal year during which any Securities of any series were
outstanding, an Officers’ Certificate stating whether or not the signers know of
any Default or Event of Default that occurred during such fiscal
year.  Such certificate shall contain a certification from the
principal executive officer, principal financial officer or principal accounting
officer of the Company that a review has been conducted of the activities of the
Company and the Company’s performance under this Indenture and that the Company
has complied with all conditions and covenants under this
Indenture.  For purposes of this Section, such compliance shall be
determined without regard to any period of grace or requirement of notice
provided under this Indenture.  If any of the officers of the Company
signing such certificate has knowledge of such a Default or Event of Default,
the certificate shall describe any such Default or Event of Default and its
status.

    

    
      	
              Section 4.06.

            	
              Reports
      By The Company.

            

    

    

    The
Company covenants and agrees to provide to the Trustee, after the Company files
the same 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 from time to time by rules and regulations prescribe) that the
Company files with the SEC pursuant to Section 13 or Section 15(d) of the
Exchange Act.

    

    ARTICLE FIVE

    

    SUCCESSOR
ENTITY

    

    
      	
              Section 5.01.

            	
              Company
      May Consolidate, Etc.

            

    

    

    Except as
established in one or more indentures supplemental to this Indenture, nothing
contained in this Indenture shall prevent any consolidation or merger of the
Company with or into any other Person (whether or not affiliated with the
Company) or successive consolidations or mergers in which the Company or its
successor or successors shall be a party or parties, or shall prevent any sale,
conveyance, transfer or other disposition of the property of the Company or its
successor or successors as an entirety, or substantially as an entirety, to any
other corporation (whether or not affiliated with the Company or its successor
or successors) authorized to acquire and operate the same; provided, however,
the Company hereby covenants and agrees that, upon any such consolidation or
merger (in each case, if the Company is not the survivor of such transaction),
sale, conveyance, transfer or other disposition, the due and punctual payment of
the principal of (premium, if any) and interest on all of the Securities of all
series in accordance with the terms of each series, according to their tenor,
and the due and punctual performance and observance of all the covenants and
conditions of this Indenture with respect to each series or established with
respect to such series pursuant to Section 2.01 to be kept or performed by the
Company shall be expressly assumed, by supplemental indenture (which shall
conform to the provisions of the Trust Indenture Act, as then in effect)
reasonably satisfactory in form to the Trustee executed and delivered to the
Trustee, by the entity formed by such consolidation, or into which the Company
shall have been merged, or by the entity which shall have acquired such
property.

     

    
      
         

      

      
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              Section 5.02.

            	
              Successor
      Entity Substituted.

            

    

    

    (a)           In
case of any such consolidation, merger, sale, conveyance, transfer or other
disposition and, if the Company is not the survivor of such transaction, upon
the assumption by the successor entity by supplemental indenture, executed and
delivered to the Trustee and satisfactory in form to the Trustee, of the
obligations set forth under Section 5.01 on all of the Securities of all series
outstanding, such successor entity shall succeed to and be substituted for the
Company with the same effect as if it had been named as the Company herein, and
thereupon the predecessor corporation shall be relieved of all obligations and
covenants under this Indenture and the Securities.

    

    (b)           In
case of any such consolidation, merger, sale, conveyance, transfer or other
disposition, such changes in phraseology and form (but not in substance) may be
made in the Securities thereafter to be issued as may be
appropriate.

    

    (c)           Nothing
contained in this Article shall require any action by the Company in the case of
a consolidation or merger of any Person into the Company where the Company is
the survivor of such transaction, or the acquisition by the Company, by purchase
or otherwise, of all or any part of the property of any other Person (whether or
not affiliated with the Company).

    

    
      	
              Section 5.03.

            	
              Evidence
      of Consolidation, Etc to Trustee.

            

    

    

    The
Trustee, subject to the provisions of Section 7.01, may receive an Officers’
Certificate or an Opinion of Counsel as conclusive evidence that any such
consolidation, merger, sale, conveyance, transfer or other disposition, and any
such assumption, comply with the provisions of this Article.

    

    ARTICLE SIX

    

    DEFAULTS
AND REMEDIES

    

    
      	
              Section 6.01.

            	
              Events
      of Default.

            

    

    

    (a)           Each
of the following is an “Event of Default”:

    

    (i)           the
Company defaults in the payment of any installment of interest upon any of the
Securities of that series, as and when the same shall become due and payable,
and such default continues for a period of 30 days; provided, however, that a
valid extension of an interest payment period by the Company in accordance with
the terms of any indenture supplemental hereto shall not constitute a default in
the payment of interest for this purpose;

    

    (ii)           the
Company defaults in the payment of the principal of (or premium, if any, on) any
of the Securities of that series as and when the same shall become due and
payable whether at maturity, upon redemption, by declaration or otherwise, or in
any payment required by any sinking or analogous fund established with respect
to that series; provided, however, that a valid extension of the maturity of
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    accordance
with the terms of any indenture supplemental hereto shall not constitute a
default in the payment of principal or premium, if any;

    

    (iii)           the
Company fails to observe or perform any other of its covenants or agreements
with respect to that series contained in this Indenture or otherwise established
with respect to that series of Securities pursuant to Section 2.01 hereof (other
than a covenant or agreement that has been expressly included in this Indenture
solely for the benefit of one or more series of Securities other than such
series) for a period of 90 days after the date on which written notice of such
failure, requiring the same to be remedied and stating that such notice is a
“Notice of Default” hereunder, shall have been given to the Company by the
Trustee, by registered or certified mail, or to the Company and the Trustee by
the holders of at least 25% in principal amount of the Securities of that series
at the time outstanding;

    

    (iv)           the
Company pursuant to or within the meaning of any Bankruptcy Law (i) commences a
voluntary case, (ii) consents to the entry of an order for relief against it in
an involuntary case, (iii) consents to the appointment of a custodian of it or
for all or substantially all of its property or (iv) makes a general assignment
for the benefit of its creditors; or

    

    (v)           a
court of competent jurisdiction enters an order under any Bankruptcy Law that
(i) is for relief against the Company in an involuntary case, (ii) appoints a
custodian of the Company for all or substantially all of its property or (iii)
orders the liquidation of the Company, and the order or decree remains unstayed
and in effect for 90 days.

    

    
      	
              Section 6.02.

            	
              Acceleration.

            

    

    

    (a)           In
the case of an Event of Default that has occurred and is continuing (other than
an Event of Default specified in Section 6.01(a)(iv) or Section 6.01(a)(v)
above), unless the principal of all the Securities of that series shall have
already become due and payable, either the Trustee or the Holders of not less
than a majority in aggregate principal amount of the Securities of that series
then outstanding hereunder, by notice in writing to the Company (and to the
Trustee if given by such Holders), may declare the principal of (and premium, if
any, on) and accrued and unpaid interest on all the Securities of that series to
be due and payable immediately, and upon any such declaration the same shall
become and shall be immediately due and payable.  If an Event of
Default specified in Section 6.01(a)(iv) or Section 6.01(a)(v) above occurs, the
principal of and accrued and unpaid interest on all the Securities of that
series shall automatically be immediately due and payable without any
declaration or other act on the part of the Trustee or the holders of the
Securities.

    

    (b)           At
any time after the principal of (and premium, if any, on) and accrued and unpaid
interest on the Securities of that series shall have been so declared due and
payable, and before any judgment or decree for the payment of the moneys due
shall have been obtained or entered as hereinafter provided, the holders of a
majority in aggregate principal amount of the Securities of that series then
outstanding hereunder, by written notice to the Company and the Trustee, may
rescind and annul such declaration and its consequences if any and all Events of

     

    
      
         

      

      
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    Default
under the Indenture with respect to such series shall have been remedied or
waived as provided in Section 6.05.  No such rescission and annulment
shall extend to or shall affect any subsequent default or impair any right
consequent thereon.

    

    (c)           In
case the Trustee shall have proceeded to enforce any right with respect to
Securities of that series under this Indenture and such proceedings shall have
been discontinued or abandoned because of such rescission or annulment or for
any other reason or shall have been determined adversely to the Trustee, then
and in every such case, subject to any determination in such proceedings, the
Company and the Trustee shall be restored respectively to their former positions
and rights hereunder, and all rights, remedies and powers of the Company and the
Trustee shall continue as though no such proceedings had been
taken.

    

    
      	
              Section 6.03.

            	
              Collection
      of Indebtedness and Suits For Enforcement by
  Trustee.

            

    

    

    (a)           The
Company covenants that (i) in case it shall default in the payment of any
installment of interest on any of the Securities of a series, and such default
shall have continued for a period of 30 days, or (ii) in case it shall default
in the payment of the principal of (or premium, if any, on) any of the
Securities of a series when the same shall have become due and payable, whether
upon maturity of the Securities of a series or upon redemption or upon
declaration or otherwise, or in any payment required by any sinking or analogous
fund established with respect to that series as and when the same shall have
become due and payable, then, upon demand of the Trustee, the Company will pay
to the Trustee, for the benefit of the holders of the Securities of that series,
the whole amount that then shall have been become due and payable on all such
Securities for principal (and premium, if any) or interest, or both, as the case
may be, with interest upon the overdue principal (and premium, if any) and (to
the extent that payment of such interest is enforceable under applicable law)
upon overdue installments of interest at the rate per annum expressed in the
Securities of that series; and, in addition thereto, such further amount as
shall be sufficient to cover the costs and expenses of collection, and the
amount payable to the Trustee under Section 7.13.

    

    (b)           If
the Company shall fail to pay such amounts forthwith upon such demand, the
Trustee, in its own name and as trustee of an express trust, shall be entitled
and empowered to institute any action or proceedings at law or in equity for the
collection of the sums so due and unpaid, and may prosecute any such action or
proceeding to judgment or final decree, and may enforce any such judgment or
final decree against the Company or other obligor upon the Securities of that
series and collect the moneys adjudged or decreed to be payable in the manner
provided by law or equity out of the property of the Company or other obligor
upon the Securities of that series, wherever situated.

    

    (c)           The
Trustee is authorized and entitled to intervene and file in any judicial
proceedings to file such proofs of claim and other papers and documents as may
be necessary or advisable in order to have the claims of the Trustee and of the
Holders of Securities of such series allowed for the entire amount due and
payable by the Company under the Indenture at the date of institution of such
proceedings and for any additional amount that may become due and payable by the
Company after such date, and to collect and receive any moneys or other property
payable or deliverable on any such claim, and to distribute the same after the
deduction of the amount payable to the Trustee under Section 7.13; and any
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    bankruptcy
or reorganization of the Company in any such proceedings is hereby authorized by
each of the Holders of Securities of such series to make such payments to the
Trustee, and, in the event that the Trustee shall consent to the making of such
payments directly to such Holders, to pay to the Trustee any amount due it under
Section 7.13.

    

    (d)           All
rights of action and of asserting claims under this Indenture, or under any of
the terms established with respect to Securities of that series, may be enforced
by the Trustee without the possession of any of such Securities, or the
production thereof at any trial or other proceeding relative thereto, and any
such suit or proceeding instituted by the Trustee shall be brought in its own
name as trustee of an express trust, and any recovery of judgment shall, after
provision for payment to the Trustee of any amounts due under Section 7.13, be
for the ratable benefit of the Holders of the Securities of such
series.

    

    (e)           In
case of an Event of Default hereunder, the Trustee may in its discretion proceed
to protect and enforce the rights vested in it by this Indenture by such
appropriate judicial proceedings as the Trustee shall deem most effectual to
protect and enforce any of such rights, either at law or in equity or in
bankruptcy or otherwise, whether for the specific enforcement of any covenant or
agreement contained in the Indenture or in aid of the exercise of any power
granted in this Indenture, or to enforce any other legal or equitable right
vested in the Trustee by this Indenture or by law.

    

    (f)           Nothing
contained herein shall be deemed to authorize the Trustee to authorize or
consent to or accept or adopt on behalf of any Holder any plan of
reorganization, arrangement, adjustment or composition affecting the Securities
of that series or the rights of any holder thereof or to authorize the Trustee
to vote in respect of the claim of any Holder in any such
proceeding.

    

    
      	
              Section 6.04.

            	
              Application
      Of Moneys Collected.

            

    

    

    (a)           Any
moneys collected by the Trustee pursuant to this Article with respect to a
particular series of Securities shall be applied in the following order and, in
case of the distribution of such moneys on account of principal (or premium, if
any) or interest, upon presentation of the Securities of that series, and
notation thereon of the payment, if only partially paid, and upon surrender
thereof if fully paid:

    

    First: To
the payment of reasonable costs and expenses of collection and of all amounts
payable to the Trustee under Section 7.13;

    

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

    

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

     

    
      
         

      

      
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    (b)           The
Trustee may fix a record date and payment date for any payment to Holders of
Securities pursuant to this Section.

    

    
      	
              Section 6.05.

            	
              Waiver
      of Past Defaults.

            

    

    

    The
Holders of a majority in aggregate principal amount of any series of Securities
then outstanding by notice to the Trustee, may on behalf of the Holders of all
of the Securities of that series, waive any existing Default or Event of Default
and its consequences hereunder, except a continuing Default or Event of Default
in the payment of interest on, or the principal of, the Securities of that
series (unless such Default or Event of Default has been cured and a sum
sufficient to pay all matured installments of interest and principal and any
premium has been deposited with the Trustee (in accordance with Section 6.02(b))
or a Default in respect of a covenant or provision which cannot be modified or
amended without the consent of each Holder of a Security of that series;
provided, however, that the Holders of a majority in aggregate principal amount
of the then outstanding Securities of that series may rescind an acceleration
and its consequences, including any related payment default that resulted from
such acceleration.  The Company shall deliver to the Trustee an
Officers’ Certificate stating that the requisite percentage of Holders have
consented to such waiver and attaching copies of such consents.  In
case of any such waiver, the Company, the Trustee and the Holders shall be
restored to their former positions and rights hereunder and under the
Securities, respectively.  This Section shall be in lieu of Section
316(a)(1)(B) of the Trust Indenture Act and such Section 316(a)(1)(B) of the
Trust Indenture Act is hereby expressly excluded from this Indenture, as
permitted by the Trust Indenture Act.  Upon any such waiver, such
Default or Event of Default shall cease to exist, and any Event of Default
arising therefrom shall be deemed to have been cured for every purpose of this
Indenture; but no such waiver shall extend to any subsequent or other Default or
Event of Default or impair any right consequent thereon.

    

    
      	
              Section 6.06.

            	
              Control
      by Majority.

            

    

    

    The
holders of a majority in aggregate principal amount of the Securities of any
series at the time outstanding shall have the right to direct the time, method
and place of conducting any proceeding for any remedy available to the Trustee,
or exercising any trust or power conferred on the Trustee with respect to such
series; provided, however, that such direction shall not be in conflict with any
rule of law or with this Indenture.  Subject to the provisions of
Section 7.01, the Trustee shall have the right to decline to follow any such
direction if the Trustee in good faith shall, by a Responsible Officer or
officers of the Trustee, determine that the proceeding so directed, subject to
the Trustee’s duties under the Trust Indenture Act, would involve the Trustee in
personal liability or might be unduly prejudicial to the Holders not involved in
the proceeding.

    

    
      	
              Section 6.07.

            	
              Limitation
      On Suits.

            

    

    

    (a)           No
Holder of any Security of any series shall have any right by virtue or by
availing of any provision of this Indenture to institute any suit, action or
proceeding in equity or at law upon or under or with respect to this Indenture
or for the appointment of a receiver or trustee, or for any other remedy
hereunder, unless:

     

    
      
         

      

      
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    (i)           such
Holder previously shall have given to the Trustee written notice of an Event of
Default and of the continuance thereof with respect to the Securities of such
series specifying such Event of Default, as hereinbefore provided;

    

    (ii)           the
Holders of not less than a majority in aggregate principal amount of the
Securities of such series then outstanding shall have made written request upon
the Trustee to institute such action, suit or proceeding in its own name as
Trustee hereunder;

    

    (iii)           such
Holder shall have offered to the Trustee such reasonable indemnity as it may
require against the costs, expenses and liabilities to be incurred therein or
thereby;

    

    (iv)           the
Trustee for 60 days after its receipt of such notice, request and offer of
indemnity, shall have failed to institute any such action, suit or proceeding;
and

    

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

    

    (b)           A
Holder of a Security may not use this Indenture to prejudice the rights of
another Holder of a Security or to obtain a preference over another Holder of a
Security.

    

    
      	
              Section 6.08.

            	
              Rights
      of Holders of Securities to Receive
Payment.

            

    

    

    Notwithstanding
anything contained herein to the contrary or any other provisions of this
Indenture, the right of any Holder of any Security to receive payment of the
principal of (and premium, if any) and interest on such Security, as therein
provided, on or after the respective due dates expressed in such Security (or in
the case of redemption, on the redemption date), or to institute suit for the
enforcement of any such payment on or after such respective dates or redemption
date, shall not be impaired or affected without the consent of such Holder and
by accepting a Security hereunder it is expressly understood, intended and
covenanted by the taker and Holder of every Security of such series with every
other such taker and Holder and the Trustee, that no one or more Holders of
Securities of such series shall have any right in any manner whatsoever by
virtue or by availing of any provision of this Indenture to affect, disturb or
prejudice the rights of the Holders of any other of such Securities, or to
obtain or seek to obtain priority over or preference to any other such Holder,
or to enforce any right under this Indenture, except in the manner herein
provided and for the equal, ratable and common benefit of all Holders of
Securities of such series.  For the protection and enforcement of the
provisions of this Section, each and every Holder and the Trustee shall be
entitled to such relief as can be given either at law or in equity.

    

    
      	
              Section 6.09.

            	
              Undertaking
      for Costs.

            

    

    

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

    

    ARTICLE SEVEN

    

    TRUSTEE

    

    
      	
              Section 7.01.

            	
              Certain
      Duties And Responsibilities Of
Trustee.

            

    

    

    (a)           The
Trustee, prior to the occurrence of an Event of Default with respect to the
Securities of a series and after the curing of all Events of Default with
respect to the Securities of that series that may have occurred, shall undertake
to perform with respect to the Securities of such series such duties and only
such duties as are specifically set forth in this Indenture, and no implied
covenants shall be read into this Indenture against the Trustee.  In
case an Event of Default with respect to the Securities of a series has occurred
(that has not been cured or waived), the Trustee shall exercise with respect to
Securities of that series such of the rights and powers vested in it by this
Indenture, and use the same degree of care and skill in their exercise, as a
prudent man would exercise or use under the circumstances in the conduct of his
own affairs.

    

    (b)           No
provision of this Indenture shall be construed to relieve the Trustee from
liability for its own negligent action, its own negligent failure to act, or its
own willful misconduct, except that:

    

    (i)           prior
to the occurrence of an Event of Default with respect to the Securities of a
series and after the curing or waiving of all such Events of Default with
respect to that series that may have occurred:

    

    (A)           the
duties and obligations of the Trustee shall with respect to the Securities of
such series be determined solely by the express provisions of this Indenture,
and the Trustee shall not be liable with respect to the Securities of such
series except for the performance of such duties and obligations as are
specifically set forth in this Indenture, and no implied covenants or
obligations shall be read into this Indenture against the Trustee;
and

    

    (B)           in
the absence of bad faith on the part of the Trustee, the Trustee may with
respect to the Securities of such series conclusively rely, as to the truth of
the statements and the correctness of the opinions expressed therein, upon any
certificates or opinions furnished to the Trustee and conforming to the
requirements of this Indenture; but in the case of any such certificates or
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    Trustee,
the Trustee shall be under a duty to examine the same to determine whether or
not they conform to the requirement of this Indenture;

    

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

    

    (iii)           the
Trustee shall not be liable with respect to any action taken or omitted to be
taken by it in good faith in accordance with the direction of the holders of not
less than a majority in aggregate principal amount of the Securities of any
series at the time outstanding relating to the time, method and place of
conducting any proceeding for any remedy available to the Trustee, or exercising
any trust or power conferred upon the Trustee under this Indenture with respect
to the Securities of that series; and

    

    (iv)           None
of the provisions contained in this Indenture shall require the Trustee to
expend or risk its own funds or otherwise incur personal financial liability in
the performance of any of its duties or in the exercise of any of its rights or
powers if there is reasonable ground for believing that the repayment of such
funds or liability is not reasonably assured to it under the terms of this
Indenture or adequate indemnity against such risk is not reasonably assured to
it.

    

    
      	
              Section 7.02.

            	
              Certain
      Rights of Trustee.

            

    

    

    Except as
otherwise provided in Section 7.01:

    

    (a)           The
Trustee may rely and shall be protected in acting or refraining from acting upon
any resolution, certificate, statement, instrument, opinion, report, notice,
request, consent, order, approval, bond, security or other paper or document
believed by it to be genuine and to have been signed or presented by the proper
party or parties;

    

    (b)           Any
request, direction, order or demand of the Company mentioned herein shall be
sufficiently evidenced by a Board Resolution or an instrument signed in the name
of the Company by any authorized officer of the Company (unless other evidence
in respect thereof is specifically prescribed herein);

    

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

    

    (d)           The
Trustee shall be under no obligation to exercise any of the rights or powers
vested in it by this Indenture at the request, order or direction of any of the
Holders pursuant to the provisions of this Indenture, unless such Holders shall
have offered to the Trustee reasonable security or indemnity against the costs,
expenses and liabilities that may be incurred therein or thereby; nothing
contained herein shall, however, relieve the Trustee of the obligation, upon the
occurrence of an Event of Default with respect to a series of the Securities
(that has not been cured or waived), to exercise with respect to Securities of
that series such of the rights and powers vested in it by this Indenture, and to
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    exercise,
as a prudent man would exercise or use under the circumstances in the conduct of
his own affairs;

    

    (e)           The
Trustee shall not be liable for any action taken or omitted to be taken by it in
good faith and believed by it to be authorized or within the discretion or
rights or powers conferred upon it by this Indenture;

    

    (f)           The
Trustee shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report,
notice, request, consent, order, approval, bond, security, or other papers or
documents, unless requested in writing so to do by the Holders of not less than
a majority in aggregate principal amount of the outstanding Securities of the
particular series affected thereby; provided, however, that if the payment
within a reasonable time to the Trustee of the costs, expenses or liabilities
likely to be incurred by it in the making of such investigation is, in the
opinion of the Trustee, not reasonably assured to the Trustee by the security
afforded to it by the terms of this Indenture, the Trustee may require
reasonable indemnity against such costs, expenses or liabilities as a condition
to so proceeding.  The reasonable expense of every such examination
shall be paid by the Company or, if paid by the Trustee, shall be repaid by the
Company upon demand; and

    

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

    

    In
addition, the Trustee shall not be deemed to have knowledge of any Default or
Event of Default except (1) any Event of Default occurring pursuant to Sections
6.01(a)(i), 6.01(a)(ii) and 4.01 hereof or (2) any Default or Event of Default
of which the Trustee shall have received written notification in the manner set
forth in this Indenture or a Responsible Officer of the Trustee shall have
obtained actual knowledge.  Delivery of reports to the Trustee as
required pursuant to this Indenture under Section 4.06 is for informational
purposes only and the information and the Trustee’s receipt of the foregoing
shall not constitute constructive notice of any information contained therein,
or determinable from information contained therein including the Company’s
compliance with any of their covenants thereunder (as to which the Trustee is
entitled to rely exclusively on an Officers’ Certificate).

    

    
      	
              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 become a creditor of, or otherwise deal with, the Company
or any of its Affiliates with the same rights it would have if it were not
Trustee.  However, in the event that the Trustee acquires any
conflicting interest as described in the Trust Indenture Act, it must eliminate
such conflict within 90 days, apply to the SEC for permission to continue as
trustee or resign.  Any Agent may do the same with like rights and
duties.  The Trustee is also subject to Sections 7.11 and 7.12
hereof.

     

    
      
         

      

      
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              Section 7.04.

            	
              Trustee
      Not Responsible For Recitals Or Issuance Or
  Securities.

            

    

    

    (a)           The
recitals contained herein and in the Securities shall be taken as the statements
of the Company, and the Trustee assumes no responsibility for the correctness of
the same.

    

    (b)           The
Trustee makes no representations as to the validity or sufficiency of this
Indenture or of the Securities.

    

    (c)           The
Trustee shall not be accountable for the use or application by the Company of
any of the Securities or of the proceeds of such Securities, or for the use or
application of any moneys paid over by the Trustee in accordance with any
provision of this Indenture or established pursuant to Section 2.01, or for the
use or application of any moneys received by any paying agent other than the
Trustee.

    

    
      	
              Section 7.05.

            	
              May
      Hold Securities.

            

    

    

    The
Trustee or any paying agent or Security Registrar, in its individual or any
other capacity, may become the owner or pledgee of Securities with the same
rights it would have if it were not Trustee, paying agent or Security
Registrar.

    

    
      	
              Section 7.06.

            	
              Moneys
      Held In Trust.

            

    

    

    Subject
to the provisions of Section 8.06 and Section 10.03, all moneys received by the
Trustee shall, until used or applied as herein provided, be held in trust for
the purposes for which they were received, but need not be segregated from other
funds except to the extent required by law.  The Trustee shall be
under no liability for interest on any moneys received by it hereunder except
such as it may agree with the Company to pay thereon.

    

    
      	
              Section 7.07.

            	
              Notice
      Of Default.

            

    

    

    If any
Default or any Event of Default occurs and is continuing and if such Default or
Event of Default is known to a Responsible Officer of the Trustee, the Trustee
shall mail to each Holder in the manner and to the extent provided in Section
313(c) of the Trust Indenture Act notice of the Default or Event of Default
within 45 days after it occurs, unless such Default or Event of Default has been
cured; provided, however, that, except in the case of a default in the payment
of the principal of (or premium, if any) or interest on any Security, the
Trustee shall be protected in withholding such notice if and so long as the
board of directors, the executive committee or a trust committee of directors
and/or Responsible Officers of the Trustee in good faith determine that the
withholding of such notice is in the interest of the Holders.

    

    
      	
              Section 7.08.

            	
              Reports
      By The Trustee.

            

    

    

    (a)           On
or before July 1 in each year in which any of the Securities are outstanding,
the Trustee shall transmit by mail, first class postage prepaid, to the Holders,
as their names and addresses appear upon the Security Register, a brief report
dated as of the preceding May 1, if and to the extent required under Section
313(a) of the Trust Indenture Act.

     

    
      
         

      

      
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    (b)           The
Trustee shall comply with Section 313(b) and 313(c) of the Trust Indenture
Act.

    

    (c)           A
copy of each such report shall, at the time of such transmission to Holders, be
filed by the Trustee with the Company, with each securities exchange upon which
any Securities are listed (if so listed) and also with the SEC.  The
Company agrees to notify the Trustee when any Securities become listed on any
securities exchange.

    

    
      	
              Section 7.09.

            	
              Reliance
      On Officers’ Certificate.

            

    

    

    Except as
otherwise provided in Section 7.01, whenever in the administration of the
provisions of this Indenture the Trustee shall deem it reasonably necessary or
desirable that a matter be proved or established prior to taking or suffering or
omitting to take any action hereunder, such matter (unless other evidence in
respect thereof be herein specifically prescribed) may, in the absence of
negligence or bad faith on the part of the Trustee, be deemed to be conclusively
proved and established by an Officers’ Certificate delivered to the Trustee and
such certificate, in the absence of negligence or bad faith on the part of the
Trustee, shall be full warrant to the Trustee for any action taken, suffered or
omitted to be taken by it under the provisions of this Indenture upon the faith
thereof.

    

    
      	
              Section 7.10.

            	
              Preservation
      Of Information; Communications With
Holders.

            

    

    

    (a)           The
Trustee shall preserve, in as current a form as is reasonably practicable, all
information as to the names and addresses of the holders of Securities contained
in the most recent list furnished to it as provided in Section 4.04 and as to
the names and addresses of holders of Securities received by the Trustee in its
capacity as Security Registrar (if acting in such capacity).

    

    (b)           The
Trustee may destroy any list furnished to it as provided in Section 4.04 upon
receipt of a new list so furnished.

    

    
      	
              Section 7.11.

            	
              Preferential
      Collection of Claims Against
Company.

            

    

    

    The
Trustee is subject to Trust Indenture Act Section 311(a), excluding any creditor
relationship listed in Trust Indenture Act Section 311(b).  A Trustee
who has resigned or been removed shall be subject to Trust Indenture Act Section
311(a) to the extent indicated therein.  The Trustee hereby waives any
right to set-off any claim that it may have against the Company in any capacity
(other than as Trustee and paying agent) against any of the assets of the
Company held by the Trustee; provided, however, that if the Trustee is or
becomes a lender of any other Indebtedness permitted hereunder to be pari passu
with the Securities of any series, then such waiver shall not apply to the
extent of such Indebtedness.

    

    
      	
              Section 7.12.

            	
              Corporate
      Trustee Required; Eligibility; Disqualification; Conflicting
      Interests.

            

    

    

    (a)           There
shall at all times be a Trustee with respect to the Securities issued hereunder
which shall at all times be a corporation organized and doing business under the
laws of the United States of America or any state or territory thereof or of the
District of Columbia, or

     

    
      
         

      

      
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    a
corporation or other Person permitted to act as trustee by the SEC, authorized
under such laws to exercise corporate trust powers, having a combined capital
and surplus of at least fifty million U.S. dollars ($50,000,000), and subject to
supervision or examination by federal, state, territorial, or District of
Columbia authority.

    

    (b)           If
the Trustee has or shall acquire any “conflicting interest” within the meaning
of Section 310(b) of the Trust Indenture Act, the Trustee and the Company shall
in all respects comply with the provisions of Section 310(b) of the Trust
Indenture Act.

    

    
      	
              Section 7.13.

            	
              Compensation
      And Reimbursement.

            

    

    

    (a)           The
Company covenants and agrees to pay to the Trustee, and the Trustee shall be
entitled to, such reasonable compensation (which shall not be limited by any
provision of law in regard to the compensation of a trustee of an express trust)
as the Company and the Trustee may from time to time agree in writing, for all
services rendered by it in the execution of the trusts hereby created and in the
exercise and performance of any of the powers and duties hereunder of the
Trustee, and, except as otherwise expressly provided herein, the Company will
pay or reimburse the Trustee upon its request for all reasonable expenses,
disbursements and advances incurred or made by the Trustee in accordance with
any of the provisions of this Indenture (including the reasonable compensation
and the expenses and disbursements of its counsel and of all Persons not
regularly in its employ), except any such expense, disbursement or advance as
may arise from its negligence or bad faith and except as the Company and Trustee
may from time to time agree in writing.  The Company also covenants to
indemnify the Trustee (and its officers, agents, directors and employees) for,
and to hold it harmless against, any loss, liability or expense incurred without
negligence or bad faith on the part of the Trustee and arising out of or in
connection with the acceptance or administration of this trust, including the
reasonable costs and expenses of defending itself against any claim of liability
in the premises.

    

    (b)           The
obligations of the Company under this Section to compensate and indemnify the
Trustee and to pay or reimburse the Trustee for reasonable expenses,
disbursements and advances shall constitute additional Indebtedness
hereunder.  Such additional Indebtedness shall be secured by a lien
prior to that of the Securities upon all property and funds held or collected by
the Trustee as such, except funds held in trust for the benefit of the holders
of particular Securities.

    

    
      	
              Section 7.14.

            	
              Resignation
      And Removal; Appointment Of
Successor.

            

    

    

    (a)           The
Trustee or any successor hereafter appointed may at any time resign with respect
to the Securities of one or more series by giving written notice thereof to the
Company and by transmitting notice of resignation by mail, first class postage
prepaid, to the Holders of such series, as their names and addresses appear upon
the Security Register.  Upon receiving such notice of resignation, the
Company shall promptly appoint a successor trustee with respect to the
Securities of such series by written instrument, in duplicate, executed by order
of the Board of Directors, one copy of which instrument shall be delivered to
the resigning Trustee and one copy to the successor trustee.  If no
successor trustee shall have been so appointed and have accepted appointment
within 30 days after the mailing of such notice of resignation, the resigning
Trustee may petition any court of competent jurisdiction for the appointment of
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    successor
trustee with respect to the Securities of such series, or any Holder of that
series who has been a bona fide holder of a Security or Securities for at least
six months may on behalf of himself and all others similarly situated, petition
any such court for the appointment of a successor trustee.  Such court
may thereupon after such notice, if any, as it may deem proper and prescribe,
appoint a successor trustee.

    

    (b)           In
case at any time any one of the following shall occur:

    

    (i)           the
Trustee shall fail to comply with the provisions of Section 7.12 after written
request therefor by the Company or by any Holder who has been a bona fide holder
of a Security or Securities for at least six months; or

    

    (ii)           the
Trustee shall cease to be eligible in accordance with the provisions of Section
7.12 and shall fail to resign after written request therefor by the Company or
by any such Holder; or

    

    (iii)           the
Trustee shall become incapable of acting, or shall be adjudged a bankrupt or
insolvent, or commence a voluntary bankruptcy proceeding, or a receiver of the
Trustee or of its property shall be appointed or consented to, or any public
officer shall take charge or control of the Trustee or of its property or
affairs for the purpose of rehabilitation, conservation or
liquidation;

    

    then, in
any such case, the Company may remove the Trustee with respect to all Securities
and appoint a successor trustee by written instrument, in duplicate, executed by
order of the Board of Directors, one copy of which instrument shall be delivered
to the Trustee so removed and one copy to the successor trustee, or any Holder
who has been a bona fide holder of a Security or Securities for at least six
months may, on behalf of that Holder and all others similarly situated, petition
any court of competent jurisdiction for the removal of the Trustee and the
appointment of a successor trustee.  Such court may thereupon after
such notice, if any, as it may deem proper and prescribe, remove the Trustee and
appoint a successor trustee.

    

    (c)           The
holders of a majority in aggregate principal amount of the Securities of any
series at the time outstanding may at any time remove the Trustee with respect
to such series by so notifying the Trustee and the Company and may appoint a
successor Trustee for such series with the consent of the Company.

    

    (d)           Any
resignation or removal of the Trustee and appointment of a successor trustee
with respect to the Securities of a series pursuant to any of the provisions of
this Section shall become effective upon acceptance of appointment by the
successor trustee as provided in Section 7.15.

    

    (e)           Any
successor trustee appointed pursuant to this Section may be appointed with
respect to the Securities of one or more series or all of such series, and at
any time there shall be only one Trustee with respect to the Securities of any
particular series.

     

    
      
         

      

      
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              Section 7.15.

            	
              Acceptance
      Of Appointment By Successor.

            

    

    

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

    

    (b)           In
case of the appointment hereunder of a successor trustee with respect to the
Securities of one or more (but not all) series, the Company, the retiring
Trustee and each successor trustee with respect to the Securities of one or more
series shall execute and deliver an indenture supplemental hereto wherein each
successor trustee shall accept such appointment and which (i) shall contain such
provisions as shall be necessary or desirable to transfer and confirm to, and to
vest in, each successor trustee all the rights, powers, trusts and duties of the
retiring Trustee with respect to the Securities of that or those series to which
the appointment of such successor trustee relates, (ii) shall contain such
provisions as shall be deemed necessary or desirable to confirm that all the
rights, powers, trusts and duties of the retiring Trustee with respect to the
Securities of that or those series as to which the retiring Trustee is not
retiring shall continue to be vested in the retiring Trustee, and (iii) shall
add to or change any of the provisions of this Indenture as shall be necessary
to provide for or facilitate the administration of the trusts hereunder by more
than one Trustee, it being understood that nothing herein or in such
supplemental indenture shall constitute such Trustees co-trustees of the same
trust, that each such Trustee shall be trustee of a trust or trusts hereunder
separate and apart from any trust or trusts hereunder administered by any other
such Trustee and that no Trustee shall be responsible for any act or failure to
act on the part of any other Trustee hereunder; and upon the execution and
delivery of such supplemental indenture the resignation or removal of the
retiring Trustee shall become effective to the extent provided therein, such
retiring Trustee shall with respect to the Securities of that or those series to
which the appointment of such successor trustee relates have no further
responsibility for the exercise of rights and powers or for the performance of
the duties and obligations vested in the Trustee under this Indenture, and each
such successor trustee, without any further act, deed or conveyance, shall
become vested with all the rights, powers, trusts and duties of the retiring
Trustee with respect to the Securities of that or those series to which the
appointment of such successor trustee relates; but, on request of the Company or
any successor trustee, such retiring Trustee shall duly assign, transfer and
deliver to such successor trustee, to the extent contemplated by such
supplemental indenture, the property and money held by such retiring Trustee
hereunder with respect to the Securities of that or those series to which the
appointment of such successor trustee relates.

    

    (c)           Upon
request of any such successor trustee, the Company shall execute any and all
instruments for more fully and certainly vesting in and confirming to such
successor trustee all such rights, powers and trusts referred to in paragraph
(a) or (b) of this Section, as the case may be.

     

    
      
         

      

      
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    (d)           No
successor trustee shall accept its appointment unless at the time of such
acceptance such successor trustee shall be qualified and eligible under this
Article.

    

    (e)           Upon
acceptance of appointment by a successor trustee as provided in this Section,
the Company shall transmit notice of the succession of such trustee hereunder by
mail, first class postage prepaid, to the Holders, as their names and addresses
appear upon the Security Register.  If the Company fails to transmit
such notice within ten days after acceptance of appointment by the successor
trustee, the successor trustee shall cause such notice to be transmitted at the
expense of the Company.

    

    
      	
              Section 7.16.

            	
              Merger,
      Conversion, Consolidation Or Succession To
  Business.

            

    

    

    Any
corporation into which the Trustee may be merged or converted or with which it
may be consolidated, or any corporation resulting from any merger, conversion or
consolidation to which the Trustee shall be a party, or any corporation
succeeding to the corporate trust business of the Trustee, shall be the
successor of the Trustee hereunder, provided that such corporation shall be
qualified and eligible under the provisions of Section 7.12, without the
execution or filing of any paper or any further act on the part of any of the
parties hereto, anything herein to the contrary notwithstanding.  In
case any Securities shall have been authenticated, but not delivered, by the
Trustee then in office, any successor by merger, conversion or consolidation to
such authenticating Trustee may adopt such authentication and deliver the
Securities so authenticated with the same effect as if such successor Trustee
had itself authenticated such Securities.

    

    ARTICLE EIGHT

    

    DEFEASANCE
AND COVENANT DEFEASANCE

    

    
      	
              Section 8.01.

            	
              Option
      to Effect Legal Defeasance or Covenant
  Defeasance.

            

    

    

    The
Company may, at the option of the Board of Directors evidenced by a resolution
set forth in an Officers’ Certificate, at any time, elect to have either Section
8.02 or 8.03 hereof be applied to all of the outstanding Securities of any
series upon compliance with the conditions set forth below in this Article
Eight.

     

    
      	
              Section 8.02.

            	
              Legal
      Defeasance and Discharge.

            

    

    

    Upon the
Company’s exercise under Section 8.01 hereof of the option applicable to this
Section 8.02, the Company shall, subject to the satisfaction of the conditions
set forth in Section 8.04 hereof, be deemed to have been discharged from its
obligations with respect to all of the outstanding Securities of any series on
the date the conditions set forth below are satisfied (hereinafter, “Legal
Defeasance”).  For this purpose, Legal Defeasance means that, with
respect to a series of Securities, the Company shall be deemed to have paid and
discharged all of its obligations under the terms of such series of Securities
and this Indenture (and the Trustee, on reasonable demand of and at the expense
of the Company, shall execute proper instruments acknowledging the same), except
for the following provisions which shall survive until otherwise terminated or
discharged hereunder: (a) the rights of Holders of outstanding Securities of
that series to receive solely from the trust fund described in Section 8.04
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    fully set
forth in such Section, payments in respect of the principal of, premium, if any,
and interest on such Securities when such payments are due, (b) the Company’s
obligations with respect to such Securities under Article 2 concerning issuing
temporary Securities, registration of Securities and mutilated, destroyed, lost
or stolen Securities and Company’s obligations under Section 4.02 hereof, (c)
the rights, powers, trusts, duties and immunities of the Trustee hereunder and
the Company’s obligations in connection therewith and (d) this Article
8.  Subject to compliance with this Article 8, the Company may
exercise its option under this Section 8.02 notwithstanding the prior exercise
of its option under Section 8.03 hereof.

    

    
      	
              Section 8.03.

            	
              Covenant
      Defeasance.

            

    

    

    Upon the
Company’s exercise under Section 8.01 hereof of the option applicable to this
Section 8.03, the Company shall, subject to the satisfaction of the
conditions set forth in Section 8.04 hereof, be released from its
obligations under any covenants that are made applicable to such series of
Securities through a supplemental indenture pursuant to Section 2.01 of this
Indenture, on and after the date the conditions set forth in Section 8.04 are
satisfied (hereinafter, “Covenant Defeasance”), and the Securities of that
series shall thereafter be deemed not “outstanding” for the purposes of any
direction, waiver, consent or declaration or act of Holders (and the
consequences of any thereof) in connection with such covenants, but shall
continue to be deemed “outstanding” for all other purposes hereunder (it being
understood that such Securities shall not be deemed outstanding for accounting
purposes).  For this purpose, Covenant Defeasance means that, with
respect to the outstanding series of Securities, the Company may omit to comply
with and shall have no liability in respect of any term, condition or limitation
set forth in any such covenant, whether directly or indirectly, by reason of any
reference elsewhere herein to any such covenant or by reason of any reference in
any such covenant to any other provision herein or in any other document and
such omission to comply shall not constitute a Default or an Event of Default
under Section 6.01 hereof, but, except as specified above, the remainder of this
Indenture and such series of Securities shall be unaffected
thereby.  In addition, upon the Company’s exercise under Section 8.01
hereof of the option applicable to this Section 8.03, subject to the
satisfaction of the conditions set forth in Section 8.04 hereof, Section
6.01(a)(iii) shall no longer constitute an Event of Default.

    

    
      	
              Section 8.04.

            	
              Conditions
      to Legal or Covenant Defeasance.

            

    

    

    The
following shall be the conditions to the application of either Section 8.02 or
Section 8.03 hereof to any outstanding series of Securities:

    

    (a)           the
Company must irrevocably deposit with the Trustee, in trust, for the benefit of
the Holders of the series of Securities, cash in U.S. dollars, non-callable
Government Securities, or a combination of cash in U.S. dollars and non-callable
Government Securities, in amounts as will be sufficient, in the opinion of a
nationally recognized firm of independent public accountants, to pay the
principal of, or interest and premium on the series of Securities on the Stated
Maturity or on the applicable redemption date, as the case may be, and the
Company must specify whether the Securities of the series are being defeased to
maturity or to a particular redemption date and, if the Securities of the series
are being defeased to a particular redemption date, the Company must have
delivered to the Trustee an irrevocable notice of redemption;

     

    
      
         

      

      
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    (b)           in
the case of Legal Defeasance, the Company shall have delivered to the Trustee an
Opinion of Counsel reasonably acceptable to the Trustee confirming that (a) the
Company has received from, or there has been published by, the Internal Revenue
Service a ruling or (b) since the date hereof, there has been a change in the
applicable federal income tax law, in either case to the effect that, and based
thereon such Opinion of Counsel will confirm that, the Holders of the series of
Securities will not recognize income, gain or loss for federal income tax
purposes as a result of such Legal Defeasance and will be subject to federal
income tax on the same amounts, in the same manner and at the same times as
would have been the case if such Legal Defeasance had not occurred;

    

    (c)           in
the case of Covenant Defeasance, the Company shall have delivered to the Trustee
an Opinion of Counsel reasonably acceptable to the Trustee confirming that the
Holders of the series of Securities will not recognize income, gain or loss for
federal income tax purposes as a result of such Covenant Defeasance and will be
subject to federal income tax on the same amounts, in the same manner and at the
same times as would have been the case if such Covenant Defeasance had not
occurred;

    

    (d)           no
Default or Event of Default has occurred and is continuing either (a) on the
date of such deposit or (b) insofar as Events of Default from bankruptcy or
insolvency events are concerned, at any time in the period ending on the 123rd
day after the date of deposit;

    

    (e)           such
Legal Defeasance or Covenant Defeasance will not result in a breach or violation
of, or constitute a default under, any material agreement or instrument (other
than this Indenture) to which the Company or any of its Subsidiaries is a party
or by which the Company or any of its Subsidiaries is bound;

    

    (f)           the
Company must have delivered to the Trustee an Officers’ Certificate stating that
the deposit was not made by the Company with the intent of preferring the
Holders of the series of Securities of that series over the other creditors of
the Company or with the intent of defeating, hindering, delaying or defrauding
creditors of the Company or others;

    

    (g)           the
Company must have delivered to the Trustee an Opinion of Counsel to the effect
that the creation of the defeasance trust does not violate the Investment
Company Act of 1940 and after the passage of 123 days following the deposit, the
trust fund will not be subject to the effect of Section 547 of the
U.S.  Bankruptcy Code or Section 15 of the New York Debtor and
Creditor Law; and

    

    (h)           the
Company must deliver to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent relating to the Legal
Defeasance or the Covenant Defeasance have been complied with.

    

    
      	
              Section 8.05.

            	
              Deposited
      Money and Government Securities to Be Held in Trust; Other Miscellaneous
      Provisions.

            

    

    

    (a)           Subject
to Section 8.06 hereof, all money and non-callable Government Securities
(including the proceeds thereof) deposited with the Trustee pursuant to Section
8.04 hereof in respect of any outstanding series of Securities shall be held in
trust and applied by the Trustee, in accordance with the provisions of such
series of Securities and this Indenture, to the payment, 

     

    
      
         

      

      
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    either
directly or through any paying agent (including the Company acting as paying
agent) as the Trustee may determine, to the Holders of such series of Securities
of all sums due and to become due thereon in respect of principal, premium, if
any, and interest, but such money need not be segregated from other funds except
to the extent required by law.

    

    (b)           The
Company shall pay and indemnify the Trustee against any tax, fee or other charge
imposed on or assessed against the cash or non-callable Government Securities
deposited pursuant to Section 8.04 hereof or the principal and interest received
in respect thereof other than any such tax, fee or other charge which by law is
for the account of the Holders of the outstanding series of
Securities.

    

    (c)           Anything
in this Article Eight to the contrary notwithstanding, the Trustee shall deliver
or pay to the Company from time to time upon the request of the Company any
money or non-callable Government Securities held by it as provided in Section
8.04 hereof which, in the opinion of a nationally recognized firm of independent
public accountants expressed in a written certification thereof delivered to the
Trustee (which may be the opinion delivered under Section 8.04 hereof), are
in excess of the amount thereof that would then be required to be deposited to
effect an equivalent Legal Defeasance or Covenant Defeasance.

    

    
      	
              Section 8.06.

            	
              Repayment
      to the Company.

            

    

    

    Any money
deposited with the Trustee or any paying agent, or then held by the Company, in
trust for the payment of the principal of, premium, if any, or interest on any
Security and remaining unclaimed for two years after such principal, and
premium, if any, or interest has become due and payable shall be paid to the
Company on its request or (if then held by the Company) shall be discharged from
such trust; and the Holder of such Security shall thereafter look only to the
Company for payment thereof, and all liability of the Trustee or such paying
agent with respect to such trust money, and all liability of the Company as
Trustee thereof, shall thereupon cease; provided, however, that the Trustee or
such paying agent, before being required to make any such repayment, may at the
expense of the Company cause to be published once, in the New York Times and The
Wall Street Journal (national edition), notice that such money remains unclaimed
and that, after a date specified therein, which shall not be less than 30 days
from the date of such notification or publication, any unclaimed balance of such
money then remaining shall be repaid to the Company.

    

    
      	
              Section 8.07.

            	
              Reinstatement.

            

    

    

    If the
Trustee or paying agent is unable to apply any United States dollars or
non-callable Government Securities in accordance with Section 8.02 or Section
8.03 hereof, as the case may be, by reason of any order or judgment of any court
or governmental authority enjoining, restraining or otherwise prohibiting such
application, then the Company’s obligations under this Indenture and the
Securities shall be revived and reinstated as though no deposit had occurred
pursuant to Section 8.02 or Section 8.03 hereof until such time as the Trustee
or paying agent is permitted to apply all such money in accordance with Section
8.02 or Section 8.03 hereof, as the case may be; provided, however, that, if the
Company makes any payment of principal of, premium, if any, or interest on any
Securities following the reinstatement of its obligations, the

     

    
      
         

      

      
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    Company
shall be subrogated to the rights of the Holders of such Securities to receive
such payment from the money held by the Trustee or paying agent.

    

    ARTICLE NINE

    

    AMENDMENT,
SUPPLEMENT AND WAIVER

    

    
      	
              Section 9.01.

            	
              Without
      Consent of Holders of Securities.

            

    

    

    (a)           Notwithstanding
Section 9.02 of this Indenture, the Company and the Trustee may amend or
supplement this Indenture or any series of Securities without the consent of any
Holder of a Security of such series:

    

    (i)           to
cure any ambiguity or to correct or supplement any provision contained in the
Indenture, in any supplemental indenture or in the Securities of any series that
may be defective or inconsistent with any other provision contained herein or
therein, to convey, transfer, assign, mortgage or pledge any property to or with
the Trustee, or to make such other provisions in regard to matters or questions
arising under the Indenture as shall not adversely affect the legal rights under
this Indenture of any Holders;

    

    (ii)           to
establish the form or terms of Securities of any series as permitted by sections
201, which is not yet issues;

    

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

    

    (iv)           to
change or eliminate any of the provisions of this Indenture with respect to any
series of Securities; PROVIDED that any such change or elimination shall become
effective only when there is no Security outstanding of any series created prior
to the execution of such supplemental indenture which is entitled to the benefit
of such provision;

    

    (v)           to
provide for the assumption of the Company’s obligations to Holders of Securities
in the case of a merger or consolidation or sale of all or substantially all of
the Company’s assets;

    

    (vi)           to
make any change that would provide any additional rights or benefits to the
Holders of Securities or that does not adversely affect the legal rights under
this Indenture of any such Holder;

    

    (vii)         to
modify or amend the Indenture in such manner, including pursuant to requirements
with requirements of the SEC, in order to effect or maintain the qualification
of this Indenture under the Trust Indenture Act;

     

    
      
         

      

      
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    (viii)        to
add guarantees with respect to any series of the Securities of any series or to
secure any series of the Securities of any series;

    

    (ix)           to
secure the Securities pursuant to the requirements of such indenture supplement,
if applicable;

    

    (x)           
to supplement any of the provisions of this Indenture to such extent as shall be
necessary to permit or facilitate the defeasance and discharge of any series of
Securities pursuant to sections 801, 802 and 803;

    

    (xi)           to
evidence and provide for the acceptance of appointment by a successor or
separate Trustee with respect to the Securities of any series and to add to or
change any of the provisions of the Indenture as shall be necessary to provide
for or facilitate the administration of the Indenture by more than one Trustee;
or

    

    (xii)          to
provide for uncertificated Securities in addition to or in place of certificated
Securities;

    

    (b)           Upon
the request of the Company accompanied by a resolution of its Board of Directors
authorizing the execution of any such amended or supplemental indenture, and
upon receipt by the Trustee of the documents described in Section 7.02 hereof,
the Trustee shall join with the Company in the execution of any amended or
supplemental indenture authorized or permitted by the terms of this Indenture
and to make any further appropriate agreements and stipulations that may be
therein contained, but the Trustee shall not be obligated to enter into such
amended or supplemental indenture that affects its own rights, duties or
immunities under this Indenture or otherwise.

    

    
      	
              Section 9.02.

            	
              With
      Consent of Holders of Securities.

            

    

    

    (a)           Except
as provided in Sections 9.02(b) and 9.02(d):

    

    (i)       
    the Company and the Trustee may, with respect to any
series of Securities, amend or supplement this Indenture or the Securities of
such series with the consent of the Holders of at least a majority in aggregate
principal amount of the then outstanding Securities of that series (including,
without limitation, consents obtained in connection with a purchase of, or
tender offer or exchange offer for, Securities); and

    

    (ii)           subject
to Section 6.05 and Section 6.08 hereof, any existing Default or Event of
Default or compliance in a particular instance by the Company with any provision
of this Indenture, or the Securities of that series, may be waived with the
consent of the Holders of a majority in aggregate principal amount of the then
outstanding Securities of that series (including, without limitation, consents
obtained in connection with a purchase of, or tender offer or exchange offer
for, Securities).

    

    (b)           Notwithstanding
anything contained herein to the contrary, without the consent of each Holder
affected, an amendment or waiver under this Section 9.02 may not (with respect
to any Securities held by a non-consenting Holder):

     

    
      
         

      

      
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    (i)       
     reduce the principal amount of Securities of a
series whose Holders must consent to an amendment, supplement or
waiver;

    

    (ii)      
     reduce the principal of or change the fixed
maturity of any Security of a series or alter the provisions, or waive any
payment, with respect to the redemption of the Securities of that
series;

    

    (iii)           reduce
the rate of or change the time for payment of interest on any Security of a
series;

    

    (iv)           waive
a Default or Event of Default in the payment of principal of, or interest or
premium, if any, on any Securities of a series (except a rescission of
acceleration of such Securities by the Holders of at least a majority in
aggregate principal amount of such Securities and a waiver of the payment
default that resulted from such acceleration);

    

    (v)           make
the principal of or interest or premium, if any, on any Security of a series
payable in money other than U.S. dollars;

    

    (vi)           make
any change in the provisions of this Indenture relating to waivers of past
Defaults or the rights of Holders of Securities of a series to receive payments
of principal of, or interest or premium, if any, on such
Securities;

    

    (vii)         waive
a redemption payment with respect to any Security of a series;

    

    (viii)        release
any Guarantor from any of its obligations under its Guarantee or this Indenture,
except in accordance with the terms of this Indenture;

    

    (ix)           impair
the right to institute suit for the enforcement of any payment on or with
respect to the Securities or the Guarantees; or

    

    (x)           
make any change in the preceding amendment and waiver provisions.

    

    (c)           The
Company may, but shall not be obligated to, fix a record date for the purpose of
determining the Persons entitled to consent to any indenture supplemental
hereto.  If a record date is fixed, the Holders on such record date,
or its duly designated proxies, and only such Persons, shall be entitled to
consent to such supplemental indenture, whether or not such Holders remain
Holders after such record date; provided that unless such consent shall have
become effective by virtue of the requisite percentage having been obtained
prior to the date which is 90 days after such record date, any such consent
previously given shall automatically and without further action by any Holder be
cancelled and of no further effect.

    

    (d)           Upon
the request of the Company accompanied by a resolution of its Board of Directors
authorizing the execution of any such amended or supplemental indenture, and
upon the filing with the Trustee of evidence satisfactory to the Trustee of the
consent of the Holders of the affected series of Securities as aforesaid, and
upon receipt by the Trustee of the documents described in Section 7.02 hereof,
the Trustee shall join with the Company in the execution of such amended or
supplemental indenture unless such amended or supplemental
indenture

     

    
      
         

      

      
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    directly
affects the Trustee’s own rights, duties or immunities under this Indenture or
otherwise, in which case the Trustee may in its discretion, but shall not be
obligated to, enter into such amended or supplemental indenture.

    

    (e)           Upon
the execution of any amended or supplemental indenture with respect to a series
of Securities pursuant to the provisions of this Article or of Section 5.01,
this Indenture shall, with respect to such series of Securities, be and be
deemed to be modified and amended in accordance therewith and the respective
rights, limitations of rights, obligations, duties and immunities under this
Indenture of the Trustee, the Company and the holders of Securities of the
series affected thereby shall thereafter be determined, exercised and enforced
hereunder subject in all respects to such modifications and amendments, and all
the terms and conditions of any such supplemental indenture shall be and be
deemed to be part of the terms and conditions of this Indenture for any and all
purposes.

    

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

    

    (g)           After
an amendment, supplement or waiver under this Section becomes effective, the
Company shall mail to the Holders of the series of Securities 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 amended or
supplemental indenture or waiver.

    

    
      	
              Section 9.03.

            	
              Compliance
      with Trust Indenture Act.

            

    

    

    Every
amendment or supplement to this Indenture or the Securities of any series shall
be set forth in an amended or supplemental indenture that complies with the
Trust Indenture Act as then in effect.

    

    
      	
              Section 9.04.

            	
              Revocation
      and Effect of Consents.

            

    

    

    Until an
amendment, supplement or waiver becomes effective, a consent to it by a Holder
of a Security is a continuing consent by the Holder of a Security and every
subsequent Holder of a Security or portion of a Security that evidences the same
Indebtedness as the consenting Holder’s Security, even if notation of the
consent is not made on any Security.  However, any such Holder of a
Security or subsequent Holder of a Security may revoke the consent as to its
Security if the Trustee receives written notice of revocation before the date
the waiver, supplement or amendment becomes effective.  An amendment,
supplement or waiver becomes effective in accordance with its terms and
thereafter binds every Holder.

    

    
      	
              Section 9.05.

            	
              Notation
      on or Exchange of Securities.

            

    

    

    (a)           The
Trustee may place an appropriate notation about an amendment, supplement or
waiver on any Security thereafter authenticated.  The Company in
exchange for all Securities of a series may issue and the Trustee shall, upon
receipt of an authentication order, authenticate new Securities of that series
that reflect the amendment, supplement or waiver.

     

    
      
         

      

      
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    (b)           Failure
to make the appropriate notation or issue a new Security shall not affect the
validity and effect of such amendment, supplement or waiver.

    

    
      	
              Section 9.06.

            	
              Trustee
      to Sign Amendments, Etc.

            

    

    

    The
Trustee shall sign any amended or supplemental indenture or Security authorized
pursuant to this Article Nine if the amendment or supplement does not adversely
affect the rights, duties, liabilities or immunities of the
Trustee.  In executing any amended or supplemental indenture or
Security, the Trustee shall be entitled to receive and (subject to Section 7.01
hereof) shall be fully protected in relying upon an Officers’ Certificate and an
Opinion of Counsel stating that the execution of such amended or supplemental
indenture is authorized or permitted by this Indenture and that all conditions
precedent to such execution have been met.

    

    ARTICLE TEN

    

    SATISFACTION
AND DISCHARGE

    

    
      	
              Section 10.01.

            	
              Satisfaction
      and Discharge.

            

    

    

    (a)           This
Indenture shall be discharged and shall cease to be of further effect as to all
Securities of a series issued thereunder, when:

    

    (i)           either:

    

    (A)           all
Securities of that series which have been authenticated (except lost, stolen or
destroyed Securities of the series that have been replaced or paid and
Securities of the series for whose payment money has theretofore been deposited
in trust and thereafter repaid to the Company) have been delivered to the
Trustee for cancellation; or

    

    (B)           all
Securities of that series which have not been delivered to the Trustee for
cancellation have become due and payable by reason of the making of a notice of
redemption or otherwise or will become due and payable within one year and the
Company has irrevocably deposited or caused to be deposited with the Trustee as
trust funds in trust solely for the benefit of the Holders of such Securities of
that series, cash in U.S. dollars, non-callable Government Securities, or a
combination thereof, in such amounts as will be sufficient without consideration
of any reinvestment of interest to pay and discharge the entire Indebtedness on
the Securities of that series not delivered to the Trustee for cancellation for
principal, premium, if any, and accrued interest to the date of maturity or
redemption;

    

    (ii)       
    no Default or Event of Default shall have occurred and
be continuing on the date of such deposit or shall occur as a result of such
deposit and such deposit will not result in a breach or violation of, or
constitute a default under, any other instrument to which the Company is a party
or by which the Company is bound;

     

    
      
         

      

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

    

    (iv)           the
Company has delivered irrevocable instructions to the Trustee hereunder to apply
the deposited money toward the payment of the Securities of that series at
maturity or the redemption date, as the case may be.

    

    (b)           In
addition, the Company must deliver an Officers’ Certificate and an Opinion of
Counsel to the Trustee stating that all conditions precedent to satisfaction and
discharge have been satisfied.

    

    
      	
              Section 10.02.

            	
              Deposited
      Money and Government Securities to Be Held in Trust; Other Miscellaneous
      Provisions.

            

    

    

    Subject
to Section 10.03 hereof, all money and non-callable Government Securities
(including the proceeds thereof) deposited with the Trustee pursuant to Section
10.01 hereof in respect of the outstanding Securities of any series shall be
held in trust and applied by the Trustee, in accordance with the provisions of
such Securities and this Indenture, to the payment, either directly or through
any paying agent (including the Company acting as paying agent) as the Trustee
may determine, to the Holders of such Securities of that series of all sums due
and to become due thereon in respect of principal, premium, if any, and
interest, but such money be segregated from other funds except to the extent
required by law.

    

    
      	
              Section 10.03.

            	
              Repayment
      to the Company.

            

    

    

    Any money
deposited with the Trustee or any paying agent, or then held by the Company, in
trust for the payment of the principal of, premium, if any, or interest on any
Securities of any series and remaining unclaimed for two years after such
principal, and premium, if any, or interest has become due and payable shall be
paid to the Company on its request or (if then held by the Company) shall be
discharged from such trust; and the Holder of such Security shall thereafter
look only to the Company for payment thereof, and all liability of the Trustee
or such paying agent with respect to such trust money, and all liability of the
Company as Trustee thereof, shall thereupon cease; provided, however, that the
Trustee or such paying agent, before being required to make any such repayment,
may at the expense of the Company cause to be published once, in the New York
Times or The Wall Street Journal (national edition), notice that such money
remains unclaimed and that, after a date specified therein, which shall not be
less than 30 days from the date of such notification or publication, any
unclaimed balance of such money then remaining shall be repaid to the
Company.

    

    ARTICLE ELEVEN

    

    MISCELLANEOUS

    

    
      	
              Section 11.01.

            	
              Trust
      Indenture Act Controls.

            

    

    

    If any
provision of this Indenture limits, qualifies or conflicts with the duties
imposed by Trust Indenture Act Section 318(c), the imposed duties shall
control.

     

    
      
         

      

      
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              Section 11.02.

            	
              Notices.

            

    

    

    (a)           Any
notice or communication by the Company or any Guarantor, on the one hand, or the
Trustee on the other hand, to the other is duly given if in writing and
delivered in Person or mailed by first class mail (registered or certified,
return receipt requested), telecopier or overnight air courier guaranteeing next
day delivery, to the others’ address:

    

    If to the
Company:

    

    HEICO
Corporation

    3000 Taft
Street

    Hollywood,
Florida 33021

    Facsimile:
(954) 987-8228

    Attention:
Thomas S.  Irwin

    

    With a
copy to:

    

    Akerman
Senterfitt

    One
Southeast Third Avenue

    25th
Floor

    Miami,
Florida 33131-1714

    Facsimile:
(305) 374-5095

    Attention:
Jonathan L.  Awner

    

    If to the
Trustee:

    

    ____________________________

    ____________________________

    Facsimile:____________________

    Attention:____________________

    

    (b)           The
Company the Guarantors if any, or the Trustee, by notice to the others may
designate additional or different addresses for subsequent notices or
communications.

    

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

    

    (d)           Any
notice or communication to a Holder shall be mailed by first class mail,
certified or registered, return receipt requested, or by overnight air courier
guaranteeing next day delivery to its address shown on the register kept by the
Registrar.  Any notice or communication shall also be so mailed to any
Person described in Trust Indenture Act Section 313(c), to the extent required
by the Trust Indenture Act.  Failure to mail a notice or communication
to a Holder or any defect in it shall not affect its sufficiency with respect to
other Holders.

     

    
      
         

      

      
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    (e)           If
a notice or communication is mailed in the manner provided above within the time
prescribed, it is duly given, whether or not the addressee receives
it.  Notwithstanding the foregoing, notices to the Trustee shall be
deemed to be effective only when actually received by the Trustee’s Corporate
Trust Department.

    

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

    

    
      	
              Section 11.03.

            	
              Communication
      by Holders of Securities with Other Holders of
  Securities.

            

    

    

    Holders
may communicate as provided in Section 312(b) of the Trust Indenture Act with
other Holders with respect to their rights under this Indenture or under the
Securities.  The Company, the Trustee, the Registrar and anyone else
shall have the protection of Trust Indenture Act Section 312(c).

    

    
      	
              Section 11.04.

            	
              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:

    

    (i)           an
Officers’ Certificate in form and substance reasonably satisfactory to the
Trustee stating that, in the opinion of the signers, all conditions precedent
and covenants, if any, provided for in this Indenture relating to the proposed
action have been satisfied; and

    

    (ii)           an
Opinion of Counsel in form and substance reasonably satisfactory to the Trustee
stating that, in the opinion of such counsel (who may rely upon the Officer’s
Certificate as to matters of fact), all such conditions precedent and covenants
have been satisfied.

    

    
      	
              Section 11.05.

            	
              Rules
      by Trustee and Agents.

            

    

    

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

    

    
      	
              Section 11.06.

            	
              No
      Personal Liability of Directors, Officers, Employees and
      Shareholders.

            

    

    

    No
recourse under or upon any obligation, covenant or agreement of this Indenture,
or of any Security, or any guarantee thereof or for any claim based thereon or
otherwise in respect thereof, shall be had against any incorporator,
shareholder, officer or director, past, present or future as such, of the
Company or any Guarantor or of any predecessor or successor corporation of the
Company or any Guarantor, either directly or through the Company or any
Guarantor or any such predecessor or successor corporation of the Company or any
Guarantor, whether by virtue of any constitution, statute or rule of law, or by
the enforcement of any assessment or penalty or otherwise; it being expressly
understood that this Indenture and the obligations issued hereunder are solely
corporate obligations, and that no such personal liability whatever shall attach
to, or is or shall be incurred by, the incorporators, shareholders, officers or
directors as 

     

    
      
         

      

      
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    such, of
the Company, or any Guarantor or of any predecessor or successor corporation of
the Company or any Guarantor, or any of them, because of the creation of the
Indebtedness hereby authorized, or under or by reason of the obligations,
covenants or agreements contained in this Indenture or in any of the Securities,
or any guarantees thereof, or implied therefrom; and that any and all such
personal liability of every name and nature, either at common law or in equity
or by constitution or statute, of, and any and all such rights and claims
against, every such incorporator, shareholder, officer or director as such,
because of the creation of the Indebtedness hereby authorized, or under or by
reason of the obligations, covenants or agreements contained in this Indenture
or in any of the Securities, or any guarantees thereof, or implied therefrom,
are hereby expressly waived and released as a condition of, and as a
consideration for, the execution of this Indenture, the issuance of such
Securities, and any guarantees thereof.  Each Holder waives and
releases all such liability.  The waiver and release are part of the
consideration for issuance of the Securities.  The waiver may not be
effective to waive liabilities under the federal securities laws.

    

    
      	
              Section 11.07.

            	
              Governing
      Law.

            

    

    

    THIS
INDENTURE AND THE NOTES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK.

    

    
      	
              Section 11.08.

            	
              Consent
      to Jurisdiction.

            

    

    

    Any legal
suit, action or proceeding arising out of or based upon this Indenture or the
transactions contemplated hereby (“Related Proceedings”) may be instituted in
the federal courts of the United States of America located in the City of New
York or the courts of the State of New York in each case located in the City of
New York (collectively, the “Specified Courts”), and each party irrevocably
submits to the exclusive jurisdiction (except for proceedings instituted in
regard to the enforcement of a judgment of any such court (a “Related
Judgment”), as to which such jurisdiction is non-exclusive) of such courts in
any such suit, action or proceeding.  Service of any process, summons,
notice or document by mail to such party’s (other than the Trustee) address set
forth above shall be effective service of process for any suit, action or other
proceeding brought in any such court.  The parties irrevocably and
unconditionally waive any objection to the laying of venue of any suit, action
or other proceeding in the Specified Courts and irrevocably and unconditionally
waive and agree not to plead or claim in any such court has been brought in an
inconvenient forum.

    

    
      	
              Section 11.09.

            	
              No
      Adverse Interpretation of Other
Agreements.

            

    

    

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

    

    
      	
              Section 11.10.

            	
              Successors
      and Assigns.

            

    

    

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

     

    
      
         

      

      
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              Section 11.11.

            	
              Severability.

            

    

    

    In case
any provision in this Indenture or the Securities of any series shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired
thereby.

    

    
      	
              Section 11.12.

            	
              Counterpart
      Originals.

            

    

    

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

    

    
      	
              Section 11.13.

            	
              Acts
      of Holders.

            

    

    

    (a)           Any
request, demand, authorization, direction, notice, consent, waiver or other
action provided by this Indenture to be given or taken by the Holders may be
embodied in and evidenced by one or more instruments of substantially similar
tenor signed by such Holders in person or by agents duly appointed in writing;
and, except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments are delivered to the Trustee and,
where it is hereby expressly required, to the Company.  Such
instrument or instruments (and the action embodied therein and evidenced
thereby) are herein sometimes referred to as the “Act” of the Holders signing
such instrument or instruments.  Proof of execution of any such
instrument or of a writing appointing any such agent shall be sufficient for any
purpose of this Indenture and conclusive in favor of the Trustee and the Company
if made in the manner provided in this Section.

    

    (b)           The
fact and date of the execution by any Person of any such instrument or writing
may be proved by the affidavit of a witness of such execution or by a
certificate of a notary public or other officer authorized by law to take
acknowledgments of deeds, certifying that the individual signing such instrument
or writing acknowledged to such witness, notary or officer the execution
thereof.  Where such execution is by a signer acting in a capacity
other than his individual capacity, such certificate or affidavit shall also
constitute sufficient proof of authority.  The fact and date of the
execution of any such instrument or writing, or the authority of the Person
executing the same, may also be proved in any other manner which the Trustee
deems sufficient.

    

    (c)           Notwithstanding
anything to the contrary contained in this Section, the principal amount and
serial numbers of Securities of any series held by any Holder, and the date of
holding the same, shall be proved by the register of the Securities of that
series maintained by the Registrar as provided in Section 2.05
hereof.

    

    (d)           If
the Company shall solicit from the Holders of the Securities any request,
demand, authorization, direction, notice, consent, waiver or other Act, the
Company may, at its option, by or pursuant to a resolution of its Board of
Directors, fix in advance a record date for the determination of Holders
entitled to give such request, demand, authorization, direction, notice,
consent, waiver or other Act, but the Company shall have no obligation to do
so.  Notwithstanding Trust Indenture Act Section 316(c), such record
date shall be the record date specified in or pursuant to such resolution, which
shall be a date not earlier than the date 30 days prior to the first
solicitation of Holders generally in connection therewith or the date of the
most

     

    
      
         

      

      
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     recent
list of Holders forwarded to the Trustee prior to such solicitation pursuant to
Section 4.04 hereof and not later than the date such solicitation is
completed.  If such a record date is fixed, such request, demand,
authorization, direction, notice, consent, waiver or other Act may be given
before or after such record date, but only the Holders of record at the close of
business on such record date shall be deemed to be Holders for the purposes of
determining whether Holders of the requisite proportion of the then outstanding
Securities of that series have authorized or agreed or consented to such
request, demand, authorization, direction, notice, consent, waiver or other Act,
and for that purpose the then outstanding Securities of that series shall be
computed as of such record date; provided that no such authorization, agreement
or consent by the Holders on such record date shall be deemed effective unless
it shall become effective pursuant to the provisions of this Indenture not later
than 90 days after the record date.

    

    (e)           Any
request, demand, authorization, direction, notice, consent, waiver or other Act
of the Holder of any Security of a series shall bind every future Holder of the
same Security and the Holder of every Security issued upon the registration or
transfer thereof or in exchange therefor or in lieu thereof in respect of
anything done, omitted or suffered to be done by the Trustee or the Company in
reliance thereon, whether or not notation of such action is made upon such
Security.

    

    (f)   
        Without limiting the foregoing,
a Holder entitled hereunder to take any action hereunder with regard to any
particular Security may do so itself with regard to all or any part of the
principal amount of such Security or by one or more duly appointed agents each
of which may do so pursuant to such appointment with regard to all or any part
of such principal amount.

    

    
      	
              Section 11.14.

            	
              Benefit
      of Indenture.

            

    

    

    Nothing,
in this Indenture or in the Securities of any series, express or implied, shall
give to any Person, other than the parties hereto, any paying agent, any
Registrar and its successors hereunder, and the Holders of Securities of that
series, any benefit or any legal or equitable right, remedy or claim under this
Indenture.

    

    
      	
              Section 11.15.

            	
              Table
      of Contents, Headings, Etc.

            

    

    

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

    

    
      	
              Section 11.16.

            	
              Waiver
      of Jury Trial.

            

    

    

    EACH OF
THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL
PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE
TRANSACTIONS CONTEMPLATED HEREBY.

    

    [REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

     

    
      
         

      

      
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                SIGNATURES:

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	
                HEICO
      Corporation, Issuer

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	
                By:

              	 
      	 
      	 
      	 
      
	 
      	
                Name:

              	 
      	 
      	 
      
	 
      	
                Title:

              	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	
                ,as
      Trustee

              	 
      
	 	 	 	 	 	 
	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	
                By:

              	 
      	 
      	 
      	 
      
	 
      	
                Name:

              	 
      	 
      	 
      
	 
      	
                Title:

              	 
      	 
      	 
      

      

    

                   

    
      
        
        

      

      
        53ex41.htm

    

    
      	
               

            	
              EXHIBIT 4.1

            	
               

            

    

    

    

    UBROADCAST,
INC.

    

    2009
STOCK OWNERSHIP PLAN

    

    ARTICLE
1. ESTABLISHMENT AND PURPOSE

    

    1.1       
    ESTABLISHMENT OF THE PLAN. ubroadcast, inc., a Delaware
corporation (the "Company"), hereby establishes an incentive compensation plan
(the "Plan"), as set forth in this document.

    

    1.2        
   PURPOSE OF THE PLAN. The purpose of the Plan is to promote the
success and enhance the value of the Company by linking the personal interests
of Participants to those of the Company's shareholders, and by providing
Participants with an incentive for outstanding performance. The Plan is further
intended to attract and retain the services of Participants upon whose judgment,
interest, and special efforts the successful operation of the Company and its
subsidiaries is dependent.

    

    1.3          
 EFFECTIVE DATE OF THE PLAN. The Plan shall become effective on August 24,
2009.

    

    ARTICLE
2. DEFINITIONS

    

    Whenever
used in the Plan, the following terms shall have the meanings set forth below
and, when the meaning is intended, the initial letter of the word is
capitalized:

    

    (a)           
"Award" means, individually or collectively, a grant under this Plan of Stock or
Restricted Stock.

    

    (b)           
"Award Agreement" means an agreement which may be entered into by each
Participant and the Company, setting forth the terms and provisions applicable
to Awards granted to Participants under this Plan.

    

    (c)           
"Board" or "Board of Directors" means the Company's Board of
Directors.

    

    (d)           
"Consultant" means a natural person under contract with the Company to provide
bona fide services to
the Company which are not in connection with the offer or sale of securities in
a capital-raising transaction and do not directly or indirectly promote or
maintain a market for the Company's securities.

    

    (e)           
"Director" means any individual who is a member of the Company's Board of
Directors.

    

    (f)            
"Eligible Person" means an Employee, Director or Consultant.

    

    (g)           
"Employee" means any officer or employee of the Company or of one of the
Company's Subsidiaries. Directors who are not otherwise employed by the Company
shall not be considered Employees under this Plan.

    

    (h)           
"Employment," with reference to an Employee, means the condition of being an
officer or employee of the Company or one of its Subsidiaries. "Employment,"
with reference to a Consultant, means the condition of being a Consultant.
"Employment," with reference to a Director, means the condition of being a
Director. The change in status of an Eligible Person among the categories of
Employee, Director and Consultant shall not be deemed a termination of
Employment.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (i)  
          "Participant" means
a person who holds an outstanding Award granted under the Plan.

    

    (j)    
        "Plan" means this 2009 Stock
Ownership Plan.

    

    (k)    
       "Restricted Stock" means an Award of
Stock granted to an Eligible Person pursuant to Article 6 herein.

    

    (l)       
     "Restriction Period" means the period during which
Shares of Restricted Stock are subject to restrictions or conditions under
Article 6.

    

    (m)           "Shares"
or "Stock" means the shares of common stock of the Company.

    

    ARTICLE
3. SHARES SUBJECT TO THE PLAN

    

    3.1       
    NUMBER OF SHARES. Subject to adjustment as provided in
Section 3.3 herein, the number of Shares available for grant under the Plan
shall not exceed twenty-five million (25,000,000) Shares. The Shares granted
under this Plan may be either authorized but unissued or reacquired
Shares.

    

    3.2        
   LAPSED AWARDS. If any Award granted under this Plan is
canceled, terminates, expires, or lapses for any reason, Shares subject to such
Award shall be again available for the grant of an Award under the
Plan.

    

    3.3         
  ADJUSTMENTS IN AUTHORIZED PLAN SHARES. In the event of any merger,
reorganization, consolidation, recapitalization, separation, liquidation, Stock
dividend, split-up, Share combination, or other change in the corporate
structure of the Company affecting the Shares, an adjustment shall be made in
the number and class of Shares which may be delivered under the Plan, as may be
determined to be appropriate and equitable by the Board of Directors, in its
sole discretion, to prevent dilution or enlargement of rights.

    

    No Award
may be made under the Plan after December 31, 2010.

    

    ARTICLE
4. ELIGIBILITY AND PARTICIPATION

    

    4.1           
ELIGIBILITY. All Eligible Persons are eligible to participate in this
Plan.

    

    4.2           
ACTUAL PARTICIPATION. Subject to the provisions of the Plan, the Board of
Directors may, from time to time, select from all Eligible Persons, those to
whom Awards shall be granted and shall determine the nature and amount of each
Award. No Eligible Person is entitled to receive an Award unless selected by the
Board of Directors.

    

    ARTICLE
5. STOCK GRANT

    

    5.1           
GRANT OF STOCK. Subject to the terms and provisions of the Plan, the Board of
Directors, at any time and from time to time, may grant Shares of Stock to
Eligible Persons in such amounts and upon such terms and conditions as the Board
of Directors shall determine.

    

    ARTICLE
6. RESTRICTED STOCK

    

    6.1           
GRANT OF RESTRICTED STOCK. Subject to the terms and provisions of the Plan, the
Board of Directors, at any time and from time to time, may grant Shares of
Restricted Stock to Eligible Persons in such amounts and upon such terms and
conditions as the Board of Directors shall determine.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    6.2 
          RESTRICTED STOCK
AGREEMENT. The Board of Directors may require, as a condition to an Award, that
a recipient of a Restricted Stock Award enter into a Restricted Stock Award
Agreement, setting forth the terms and conditions of the Award. In lieu of a
Restricted Stock Award Agreement, the Board of Directors may provide the terms
and conditions of an Award in a notice to the Participant of the Award, on the
Stock certificate representing the Restricted Stock, in the resolution approving
the Award, or in such other manner as it deems appropriate.

    

    6.3   
        TRANSFERABILITY. Except as
otherwise provided in this Article 6, the Shares of Restricted Stock granted
herein may not be sold, transferred, pledged, assigned, or otherwise alienated
or hypothecated until the end of the applicable Restriction Period established
by the Board of Directors, if any.

    

    6.4     
      OTHER RESTRICTIONS. The Board of Directors
may impose such other conditions and/or restrictions on any Shares of Restricted
Stock granted pursuant to the Plan as it may deem advisable including, without
limitation, a requirement that Participants pay a stipulated purchase price for
each Share of Restricted Stock and/or restrictions under applicable Federal or
state securities laws; and may place upon the certificates representing
Restricted Stock a legend giving appropriate notice of such restrictions. The
Company shall also have the right to retain the certificates representing Shares
of Restricted Stock in the Company's possession until such time as all
conditions and/or restrictions applicable to such Shares shall have been
satisfied.

    

    6.5       
    REMOVAL OF RESTRICTIONS. Except as otherwise provided in
this Article 6, Shares of Restricted Stock covered by each Restricted Stock
grant made under the Plan shall become freely transferable by the Participant
after the last day of the Restriction Period and completion of all conditions to
vesting, if any. However, unless otherwise provided by the Board of Directors,
the Board of Directors, in its sole discretion, shall have the right to
immediately waive all or part of the restrictions and conditions with regard to
all or part of the Shares held by any Participant at any time.

    

    6.6         
  VOTING RIGHTS, DIVIDENDS AND OTHER DISTRIBUTIONS. During the
Restriction Period, Participants holding Shares of Restricted Stock granted
hereunder may exercise full voting rights and shall receive all regular cash
dividends paid with respect to such Shares. Except as provided in the following
sentence, in the sole discretion of the Board of Directors, other cash dividends
and other distributions paid to Participants with respect to Shares of
Restricted Stock may be subject to the same restrictions and conditions as the
Shares of Restricted Stock with respect to which they were paid. If any such
dividends or distributions are paid in Shares, the Shares shall be subject to
the same restrictions and conditions as the Shares of Restricted Stock with
respect to which they were paid.

    

    ARTICLE
7. WITHHOLDING

    

    7.1           
TAX WITHHOLDING. The Company shall deduct or withhold an amount sufficient to
satisfy Federal, state, and local taxes (including the Participant's employment
tax obligations) required by law to be withheld with respect to any taxable
event arising or as a result of this Plan ("Withholding Taxes").

    

    7.2           
PAYMENT OF WITHHOLDING. With respect to withholding required upon the lapse of
restrictions on Restricted Stock, or upon any other taxable event hereunder
involving the transfer of Stock to a Participant, the Participant shall be
required to remit to the Company an amount in cash sufficient to satisfy the
federal, state and local withholding tax requirements or may direct the Company
to withhold from other amounts payable to the Participant, including
salary.

    

    ARTICLE
8. LEGAL CONSTRUCTION

    

    8.1           
REQUIREMENTS OF LAW. The granting of Awards and the issuance of Shares under the
Plan shall be subject to all applicable laws, rules, and regulations, and to
such approvals by any governmental agencies or national securities exchanges as
may be required.

    

    8.2           
GOVERNING LAW. To the extent not preempted by Federal law, the Plan, and all
agreements hereunder, shall be construed in accordance with and governed by the
laws of the State of Delaware.

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