Document:

exv4w2

 

Exhibit 4.2

SECOND SUPPLEMENTAL INDENTURE

     This SECOND SUPPLEMENTAL INDENTURE (the “Second Supplemental Indenture”) dated as of
August 8, 2005, between Nextel Communications, Inc., a Delaware corporation (the “Company”
or the “Issuer”), and BNY Midwest Trust Company, as trustee under the indenture referred to
below (the “Trustee”).

W I T N E S S E T H:

     WHEREAS, the Issuer and the Trustee have heretofore executed and delivered to the Trustee an
Indenture dated July 31, 2003, as amended by the First Supplemental Indenture dated August 8, 2005
(as so amended, the “Indenture”), providing for the issuance of an unlimited aggregate
principal amount of the Company’s unsecured debentures, notes or other evidences of indebtedness,
to be issued in one or more series (the “Securities”), of which (i) $2,137,060,000
aggregate principal amount of 7.375% Senior Serial Redeemable Notes due 2015, Series A, (ii)
$1,472,900,000 aggregate principal amount of 6.875% Senior Serial Redeemable Notes due 2013, Series
B and (iii) $1,169,886,500 aggregate principal amount of 5.95% Senior Serial Redeemable Notes due
2014, Series C (the Series A, Series B and Series C Notes, collectively, the “Original
Notes”), or $4,779,846,500 aggregate principal amount of Original Notes, have been issued and
are outstanding on the date hereof;

     WHEREAS, pursuant to an offer to exchange dated July 11, 2005 (the “Exchange Offer”),
the Issuer offered to exchange: (i) any and all of its outstanding 7.375% Senior Serial Redeemable
Notes due 2015, Series A for an equal aggregate principal amount of newly issued 7.375% Senior
Serial Redeemable Notes due 2015, Series D; (ii) any and all of its outstanding 6.875% Senior
Serial Redeemable Notes due 2013, Series B for an equal aggregate principal amount of newly issued
6.875% Senior Serial Redeemable Notes due 2013, Series E; and (iii) any and all of its outstanding
5.95% Senior Serial Redeemable Notes due 2014, Series C for an equal aggregate principal amount of
newly issued 5.95% Senior Serial Redeemable Notes due 2014, Series F (Series D, Series E and Series
F notes collectively, the “Exchange Notes”);

     WHEREAS, pursuant to Sections 301 and 303 of the Indenture, in a resolution dated July 8,
2005, the Finance Committee of the Board of Directors of the Issuer set the terms of the Exchange
Notes;

     WHEREAS, the Holders of $2,102,267,000, $1,458,404,000 and $1,157,164,500 in aggregate
principal amount of the Series A Notes, Series B Notes and Series C Notes, respectively, which
represents $4,717,835,500 in aggregate principal amount of Original Notes, have tendered their
notes in the Exchange Offer;

     WHEREAS, with respect to the Exchange Notes only, the Issuer desires and has requested that
the Trustee join with it in the execution and delivery of this Second Supplemental Indenture to:
(i) add a new Section 1018 (Provision of Financial Information) covenant under the Indenture; (ii)
add a new Section 1019 (Guarantee Covenant) under the Indenture; and (iii) modify Section 1017
(Termination of Covenants) of the Indenture to eliminate one of the conditions under which the
restrictive covenants of the Exchange Notes will terminate ((i), (ii), and (iii), the “Exchange
Note Amendments”);

 

 

     WHEREAS, it is in the best interests of the Issuer to make the Exchange Note Amendments;

     WHEREAS, Section 901(11) of the Indenture provides that the Issuer, when authorized by a Board
Resolution, and the Trustee may, without the consent of the Holders, amend any provision of the
Indenture that would provide additional rights or benefits to Holders of the Securities or that
does not adversely affect the legal rights under the Indenture of such Holder;

     WHEREAS, an Opinion of Counsel and an Officers’ Certificate have been delivered to the Trustee
pursuant to Sections 102, 303 and 903 of the Indenture; and

     WHEREAS, pursuant to Sections 901 and 903 of the Indenture, the Trustee and the Issuer are
authorized to execute and deliver this Second Supplemental Indenture;

     NOW THEREFORE, for good and valuable consideration, the receipt of which is hereby
acknowledged, the Issuer and the Trustee mutually covenant and agree for the equal and ratable
benefit of the holders of the Exchange Notes as follows:

     1. Definitions. All capitalized terms used but not defined herein shall have the
meanings given to such terms in the Indenture.

     2. Amendments. The Indenture, with respect to the Exchange Notes only, be and hereby
is amended as follows:

     2.1 Section 101 of the Indenture is hereby amended to add the following new definitions, which
shall be inserted in Section 101 in their proper alphabetical order:

          “Exchange Notes” means, collectively, the Series D Notes, Series E Notes and Series F Notes,
issued under the Indenture.

          “Parent Guarantor” means any person (as such term is used in Sections 13(d) and 14(d) of the
Exchange Act and the regulations thereunder) who is or becomes the Beneficial Owner, directly or
indirectly, of more than 50% of the total voting stock or total common equity of the Company that
Guarantees the Notes issued under this Indenture.

     2.2 Section 1017 of the Indenture is hereby amended and restated in its entirety to read as
follows:

          “Notwithstanding any other provision of this Indenture, from and after the first date that (1)
a series of Securities issued under this Indenture is rated Investment Grade by S&P and Moody’s and
(2) no Default or Event of Default has occurred and is continuing with respect to such series, then
the Company will no longer be required to comply with any covenant or condition, with respect to
such series, set forth in Sections 1005 through 1013, inclusive, Section 801(C) or any other
covenant or condition (1) applicable to such Securities pursuant to 301(25), Section 901(2) or
Section 901(7) or (2) set forth in such Securities or incorporated therein, except for covenants
or conditions relating to the payment of principal, premium (if any) or interest on such Securities
Change to Section 801 to eliminate clause (C).”

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     2.3 Article 10 of the Indenture is hereby amended to add a new Section 1018 as follows:

          “Section 1018. Provision of Financial Information. Whether or not the Company is subject to
Section 13(a) or 15(d) of the Exchange Act, or any successor provision thereto, the Company shall
file with the Commission the annual reports, quarterly reports and other documents which the
Company would have been required to file with the Commission pursuant to such Section 13(a) or
15(d) or any successor provision thereto if the Company were subject thereto, such documents to be
filed with the Commission on or prior to the respective dates (the “Required Filing Dates”) by
which the Company would have been required to file them. The Company shall also in any event (1)
within 15 days of each Required Filing Date (a) transmit by mail to all Holders, as their names and
addresses appear in the Security Register, without cost to such Holders, and (b) file with the
Trustee copies of the annual reports, quarterly reports and other documents which the Company would
have been required to file with the Commission pursuant to Section 13(a) or 15(d) of the Exchange
Act or any successor provisions thereto if the Company were subject thereto and (2) if filing such
documents by the Company with the Commission is not permitted under the Exchange Act, promptly upon
written request supply copies of such documents to any prospective Holder. Notwithstanding the
foregoing, if the Exchange Notes are guaranteed by Parent Guarantor, the reports and other
information required by this section may instead be provided by and with respect to such Parent
Guarantor without including the condensed consolidating footnote otherwise required by Rule 3-10 of
Regulation S-X. The Trustee’s receipt of such reports, information and documents shall not
constitute constructive notice of any information contained therein or determinable from
information contained therein.”

     2.4 Article 10 of the Indenture is hereby amended to add a new Section 1019 as follows:

          “Section 1019. Guarantee Covenant. In the event of the consummation of the proposed merger
between the Company and S-N Merger Corp., a wholly owned subsidiary of Sprint Corporation, the
Company will seek from the new parent entity formed upon consummation of such merger a guarantee of
all the Company’s payment obligations under the Exchange Notes and the Indenture.”

     2.5 Section 1303 of the Indenture is hereby amended and restated in its entirety to read as
follows (new language in boldface type):

          “Section 1303. Covenant Defeasance. Upon the Company’s exercise under Section 1301 of its
option to have this Section 1303 applied to the Outstanding Securities of a particular series (as a
whole and not in part), (1) the Company shall be released from its obligations under Sections
801(C), 1005 through 1013, inclusive, 1018 and 1019 and under any additional or substitute covenant
established with respect to the Securities of any series (a) pursuant to Section 301(25), Section
901(2) or Section 901(7) or (b) pursuant to the terms set forth in the Securities or incorporated
therein if the Securities of such series have been determined pursuant to Section 301 to be subject
to this provision (with Section 1015, and any such additional and substitute covenant, referred to
herein as a “Defeasible Covenant”), and (2) the occurrence of any event specified in Sections
501(5), 501(6), 501(7) or 501(8) with

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respect to such Defeasible Covenant shall be deemed not to be or result in an Event of
Default, in each case, with respect to the Outstanding Securities of such Series As provided in
this Section 1303 on and after the date the conditions set forth in Section 1304 are satisfied
(hereinafter called “Covenant Defeasance”). For this purpose, such Covenant Defeasance means that,
with respect to the Outstanding Securities of such series, 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
Defeasible Covenant, whether directly or indirectly by reason of any reference elsewhere herein to
any Defeasible Covenant or by reason of any reference in any such Defeasible Covenant to any other
provision herein or in any other document, but the remainder of this Indenture and such Securities
shall be unaffected thereby. Following a Covenant Defeasance, payment of the Securities of such
series may not be accelerated because of an Event of Default specified in Section 501(9) or Section
501(10) or by reference to Section 501(8) and such Defeasible Covenant.”

          Section 3. Notes. The parties hereto acknowledge that as provided in Sections 201,
202, 301, 303 and 308 of the Indenture, the Issuer, in exchange for the Series A Notes, Series B
Notes and Series C Notes exchanged pursuant to the Exchange Offer, and originally issued under the
Indenture, shall issue and the Trustee shall authenticate, the Exchange Notes that reflect the
changed terms set forth in this Second Supplemental Indenture.

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

     4. Modification, Amendment and Waiver. The provisions of this Second Supplemental
Indenture may not be amended, supplemented, modified or waived, unless otherwise provided in the
Indenture, except by the execution of a supplemental indenture executed by the Issuer, and, to the
extent such amendment, supplement or waiver adversely affects the rights of any Holders, with the
Required Consent of such Holders. Any such amendment or supplemental indenture shall comply with
Article Nine of the Second Supplemental Indenture. Until an amendment, waiver or other action by
Holders becomes effective, a consent thereto by a Holder of a Security hereunder is a continuing
consent by the Holder and every subsequent Holder of that Security or portion of the Security that
evidences the same obligation as the consenting Holder’s Security, even if notation of the consent,
waiver or action is not made on the Security. After an amendment, waiver or action becomes
effective, it shall bind every Holder.

     5. Ratification
of  Indenture; Second Supplemental Indenture Part of
the Indenture. Except as expressly amended hereby, the Indenture is in all
respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain
in full force and effect. In the event of a conflict between the terms and conditions of the
Indenture and the terms and conditions of this Second Supplemental Indenture,
then the terms and conditions of this Second Supplemental Indenture shall prevail. This Second
Supplemental Indenture shall form a part of the Indenture for all purposes, and
every holder of Securities heretofore or hereafter authenticated and delivered shall be bound
hereby.

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     6. Trust Indenture Act Controls. If any provision of this Second Supplemental
Indenture limits, qualifies or conflicts with any provision of the Trust Indenture Act of 1939, as
amended (“TIA”), that is required under the TIA to be part of and govern any provision of
this Second Supplemental Indenture, the provision of the TIA shall control. If any provision of
this Second Supplemental Indenture modifies or excludes any provisions of the TIA that may be so
modified or excluded, the provisions of the TIA shall be deemed to apply to the Indenture as so
modified or to be excluded by this Second Supplemental Indenture, as the case may be.

     7. Governing Law. THIS SECOND SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AS APPLIED TO CONTRACTS MADE AND
PERFORMED WITHIN THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE PRINCIPLES OF CONFLICTS OF LAW.

     8. Trustee Makes No Representation. The statements herein are deemed to be those of
the Issuer. The Trustee makes no representation as to the validity or sufficiency of this Second
Supplemental Indenture.

     9. Multiple Originals. The parties may sign any number of copies of this Second
Supplemental Indenture. Each signed copy shall be an original, but all of them together represent
the same agreement. One signed copy is enough to prove this Second Supplemental Indenture.

     10. Effect of Headings. The Section headings herein are for convenience only and
shall not effect the construction thereof.

     11. Notices. Any request, demand, authorization, notice, waiver, consent or
communication to any of the parties shall be made as set forth in Sections 105 and 106 of the
Indenture.

     12. Successors. All agreements of Issuer in respect of this Second Supplemental
Indenture shall bind its successor.

[Signature page follows]

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     IN WITNESS WHEREOF, this Second Supplemental Indenture has been duly executed by the Company
and the Trustee as of the date first written above.

	 	 	 	 	 
	 	 	NEXTEL COMMUNICATIONS, INC.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Gary D. Begeman
	 

	 	 	 	 
	 

	 	Name:
	 	Gary D. Begeman
	 

	 	Title:
	 	Vice President and Deputy General Counsel
	 
	 	 	 	 
	 	 	BNY MIDWEST TRUST COMPANY, as Trustee
	 
	 	 	 	 
	 

	 	By:
	 	/s/ D.G. Donovan
	 

	 	 	 	 
	 

	 	Name:
	 	D.G. Donovan
	 

	 	Title:
	 	Vice President

- 6 -exv4w3

 

Exhibit 4.3

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND
IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE
TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF
THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY, OR BY THE DEPOSITARY OR ANY
SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY, UNLESS AND UNTIL
THIS SECURITY IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM.

 

 

NEXTEL COMMUNICATIONS, INC.

7.375% SENIOR SERIAL REDEEMABLE NOTES

SERIES A

CUSIP NO. 65332V BD 4

 

NO.                                                   $                     

     NEXTEL COMMUNICATIONS, INC., a corporation duly organized and existing under the laws of the
State of Delaware (herein called the “Company”, which term includes any successor Person under the
Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & Co., or
registered assigns, the principal sum of ($___)
___ on August 1, 2015, and to pay
interest thereon from August 1, 2005 or from the most recent Interest Payment Date to which
interest has been paid or duly provided for, semiannually in arrears on February 1 and August 1 in
each year, commencing February 1, 2004, at the rate of 7.375% per annum until the principal hereof
is paid or made available for payment; provided that any principal and premium and any such
installment of interest that is overdue shall bear interest at the rate of 7.375% per annum (to the
extent that the payment of such interest shall be legally enforceable) from the dates such amounts
are due until they are paid or made available for payment, and such interest shall be payable on
demand. Interest shall be computed on the basis of a 360-day year of twelve 30-day months. The
interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will,
as provided in the Indenture (as hereinafter defined) be paid to the Person in whose name this
Security (or one or more Predecessor Securities) is registered at the close of business on the
Regular Record Date for such interest, which shall be the January 15 or July 15 (whether or not a
Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest
not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on
such Regular Record Date and may either be paid to the Person in whose name this Security (or one
or more Predecessor Securities) is registered at the close of business on a Special Record Date for
the payment of such Defaulted Interest to be fixed by the Trustee (as defined herein), notice
whereof shall be given to Holders of Securities of this series not less than 10 days prior to such
Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the
requirements of any securities exchange on which the Securities of this series may be listed, and
upon such notice as may be required by such exchange, all as more fully provided in the Indenture.

     In the case of a default in payment of principal upon acceleration, redemption or repurchase,
the overdue principal and any overdue premium shall bear interest at the rate of 7.375% per annum
(to the extent that the payment of such interest shall be legally enforceable), from the dates such
amounts are due until they are paid or duly provided for. Interest on any overdue principal or
premium shall be payable on demand. Any such interest on overdue principal or premium which is not
paid on demand shall bear interest at the rate of 7.375% per annum (to the extent that the payment
of such interest on interest shall be legally enforceable), from the date of such demand until the
amount so demanded is paid or duly provided for, and such shall be payable on demand.

     Payment of the principal of (and premium, if any) and any such interest on this Security will
be made at the office or agency of the Company maintained for that purpose in the Borough of
Manhattan, The City of New York, in such coin or currency of the United States of America as at the
time of payment is legal tender for payment of public and private debts; provided, however, that at
the option of the Company payment of interest may be made by check mailed to the address of the
Person entitled thereto as such address shall appear in the Security Register.

     Reference is hereby made to the further provisions of this Security set forth herein and in
the Indenture, which further provisions shall for all purposes have the same effect as if set forth
at this place.

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

 

 

Dated:
              , 2005

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

	 	 	 	 	 
	 	 	BNY MIDWEST TRUST COMPANY, as Trustee
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Authorized Signatory

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     IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal.

	 	 	 	 	 
	[Seal]	 	NEXTEL COMMUNICATIONS, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Name:
	 

	 	 	 	Title:

Attest:

 

Name:

Title:

 

 

     This Security is one of a duly authorized issue of securities of the Company, issued and to be
issued in one or more series (the securities of all such series herein collectively referred to as
the “Securities”) under an Indenture, dated as of July 31, 2003, between the Company and BNY
Midwest Trust Company, as Trustee (herein called the “Trustee”, which term includes any successor
trustee under the Indenture), as amended by the First Supplemental Indenture dated as of August 8,
2005, between the Company and the Trustee and the Second Supplemental Indenture dated as of August
8, 2005, between the Company and the Trustee (as so amended, the “Indenture”) to which Indenture
and all indentures supplemental thereto reference is hereby made for a statement of the respective
rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the
Holders of the Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered. This Security is one of the series designated on the face hereof.
The Securities are unsecured general obligations of the Company.

     The Securities of this series are subject to redemption upon not less than 10 days’ notice
mailed by first class mail to each holder’s last address as it appears in the Security Register, at
any time on or after August 1, 2008, as a whole or in part, at the election of the Company, at the
following Redemption Prices (expressed as percentages of the principal amount) set forth below,
plus an amount in cash equal to all accrued and unpaid interest, if any, to the Redemption Date, if
redeemed during the 12-month period beginning August 1 of each of the years set forth below

	 	 	 	 	 
	Year	 	Redemption Price
	2008
	 	 	103.688	%
	2009
	 	 	101.844	%
	2010
	 	 	100.922	%
	2011 and thereafter
	 	 	100.000	%

Interest installments whose Stated Maturity is on or prior to such Redemption Date will be payable
to the Holders of such Securities, or one or more Predecessor Securities, of record at the close of
business on the relevant Record Dates referred to on the face hereof, all as provided in the
Indenture.

     In addition to any redemption provided for in the immediately preceding paragraphs, so long as
at least $500 million in aggregate principal amount of the Securities remains Outstanding, in the
event of a sale by the Company after the Closing Date and on or prior to August 1, 2006 of its
Capital Stock, other than Redeemable Stock, the Company may, at its option, within 180 days of such
sale, upon not less than 30 nor more than 60 days’ notice by mail, redeem Securities from the net
proceeds of such sale (but only to the extent such proceeds consist of cash or readily marketable
cash equivalents received in respect of the Company’s Capital Stock so sold, in each case net of
all commissions, discounts, fees, expenses and taxes incurred in respect thereof) at a Redemption
Price equal to 107.375% of the principal amount of the Securities of this series to be redeemed
plus accrued and unpaid interest to the Redemption Date.

     The Securities of this series do not have the benefit of any sinking fund obligation.

     The Indenture provides that, subject to certain conditions, if a Change of Control occurs, the
Company shall be required to make an Offer to Purchase for all of the Securities.

     In the event of redemption of this Security in part only, a new Security or Securities of this
series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder
hereof upon the cancellation hereof.

     The Indenture contains provisions for defeasance at any time of (a) the entire indebtedness
evidenced by this Security and (b) certain restrictive covenants and Events of Default with respect
to this Security, in each case upon compliance by the Company with certain conditions set forth in
the Indenture, which provisions apply to this Security.

     The Indenture also contains provisions for the elimination of certain restrictive covenants
from and after the time that both (a) (i) this Security is first rated Investment Grade, or (ii)
the proposed merger between the Company

 

 

and S-N
Merger Corp., a wholly-owned subsidiary of Sprint Corporation, is consummated, and (b)
no Default or Event of Default exists with respect to this Security.

     If an Event of Default with respect to Securities of this series shall occur and be
continuing, the principal of the Securities of this series may be declared due and payable in the
manner and with the effect provided in the Indenture. “Event of Default” means any one of the
events specified at clauses (1) through (10) of Section 501 of the Indenture.

     The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
Securities of each series to be affected under the Indenture at any time by the Company and the
Trustee after having received the Required Consent (defined as follows). The Indenture also
contains provisions permitting those Persons giving the Required Consent, on behalf of the Holders
of all Securities of such series, to waive compliance by the Company with certain provisions of the
Indenture and certain past Defaults under the Indenture and their consequences. Any such consent
or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon
all future Holders of this Security and of any Security issued upon the registration of transfer
hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver
is made upon this Security.

     As used herein, “Required Consent” means, except as otherwise expressly provided in the
Indenture with respect to matters requiring the consent of each holder of any series of the
Securities affected thereby: (1) the consent of holders of not less than a majority in aggregate
principal amount at Stated Maturity of this series of Securities for any action to (a) direct the
time, method and place of conducting any proceeding for any remedy available to the Trustee, or
exercising any power conferred upon such Trustee, or (b) consent to or waive, on behalf of the
holders of all the Securities of this series, any past default and its consequences; and (2) with
respect to all other actions requiring the consent of holders of this series of the Securities, the
consent of either (a) a majority in aggregate principal amount at Stated Maturity of this series of
the Securities or (b) a majority in aggregate principal amount at Stated Maturity of (i) this
series of the Securities, (ii) the September Notes, if the holders of the September Notes are being
requested to consent to such action with respect to the terms of the September Notes or the
September Indenture, (iii) the October Notes, if the holders of the October Notes are being
requested to consent to such action with respect to the terms of the October Notes or the October
Indenture, (iv) the February Notes, if the holders of the February Notes are being requested to
consent to such action with respect to the terms of the February Notes or the February Indenture,
(v) the November 1998 Notes, if the holders of the November 1998 Notes are being requested to
consent to such action with respect to the terms of the November 1998 Notes or the November 1998
Indenture, (vi) the November 1999 Notes, if the holders of the November 1999 Notes are being
requested to consent to such action with respect to the terms of the November 1999 Notes or the
November 1999 Indenture, (vii) the January Notes, if the holders of the January Notes are being
requested to consent to such action with respect to the terms of the January Notes or the January
Indenture and (viii) any other issue or series of unsubordinated, unsecured notes issued by the
Company (including any other series of the Securities), if such notes or the indenture pursuant to
which such notes were issued both (A) require the consent of the holders of such notes to such
action and (B) provide that the holders thereof will vote with the holders of that series of the
Securities with respect to such action.

     As provided in and subject to the provisions of the Indenture, the Holder of this Security
shall not have the right to institute any proceeding with respect to the Indenture or for the
appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall
have previously given the Trustee written notice of a continuing Event of Default with respect to
the Securities of this series, the Holders of not less than 25% in principal amount of the
Securities of this series at the time Outstanding shall have made written request to the Trustee to
institute proceedings in respect of such Event of Default as Trustee and offered the Trustee
reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in
principal amount of Securities of this series at the time Outstanding a direction inconsistent with
such request, and shall have failed to institute any such proceeding, for 60 days after receipt of
such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted
by the Holder of this Security for the enforcement of any payment of principal hereof or any
premium or interest hereon on or after the respective due dates expressed herein.

- 2 -

 

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

     As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security may be registered in the Security Register, upon surrender of this
Security for registration of transfer at the office or agency of the Company in any place where the
principal of and any premium and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the
Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing,
and thereupon one or more new Securities of this series and of like tenor, of authorized
denominations and for the same aggregate principal amount, will be issued to the designated
transferee or transferees.

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

     No service charge shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any tax or other governmental charge
payable in connection therewith.

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

     No recourse for the payment of the principal of (and premium, if any) or interest, if any, on
this Security, or for any claim based hereon or otherwise in respect hereof, and no recourse under
or upon any obligation, covenant or agreement of the Company in the Indenture or in any indenture
supplemental thereto, or in any Security, or because of the creation of any indebtedness
represented thereby, shall be had against any incorporator, or against any past, present or future
partner, shareholder, other equity holder, officer, director, employee or controlling person, as
such, of the Company or of any successor corporation, either directly or through the Company or any
successor corporation, whether by virtue of any constitution, statute or rule of law, or by the
enforcement of any assessment or penalty or otherwise, all such liability, either at common law or
in equity or by constitution or statute, being, by the acceptance hereof and as part of the
consideration for the issue hereof, expressly waived and released.

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

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

- 3 -

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