Document:

ex10-1.htm

    
      
        

      

    

    Exhibit
10.1

     

    
      

      FIRST
AMENDMENT TO

      AMENDED
AND RESTATED CREDIT AGREEMENT

      

      

      THIS
FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this
"Amendment") is dated as of August 4, 2010, and effective as of June 30, 2010,
among (i) THERAGENICS CORPORATION, C.P. MEDICAL CORPORATION, GALT MEDICAL CORP.
and NEEDLETECH PRODUCTS, INC. (each a "Borrower" and collectively the
"Borrowers"), and (ii) WELLS FARGO BANK, NATIONAL ASSOCIATION, successor in
interest by merger to Wachovia Bank, National Association (the
"Lender");

       

      W I T N E S S E T H :

       

      WHEREAS,
the Borrowers and the Lender are parties to that certain Amended and Restated
Credit Agreement, dated as of May 27, 2009 (as amended, the "Loan
Agreement");

       

      WHEREAS,
each Borrower has requested that Lender amend certain provisions of the Loan
Agreement and the Lender has so agreed, subject to the terms and conditions
hereof;

       

      NOW,
THEREFORE, for and in consideration of the above premises and other good and
valuable consideration, the receipt and sufficiency of which hereby is
acknowledged by the parties hereto, the parties hereto agree as
follows:

       

      1.           Definitions; Amendment a
Loan Document.  Unless otherwise specifically defined herein,
each capitalized term used herein which is defined in the Loan Agreement shall
have the meaning assigned to such term in the Loan Agreement.  Each
reference to "hereof", "hereunder", "herein" and "hereby" and each other similar
reference and each reference to "this Agreement" and each other similar
reference contained in the Loan Agreement shall from and after the date hereof
refer to the Loan Agreement as amended hereby. This Amendment is a Loan
Document.

       

      2.           Amendments.  Effective
upon satisfaction of the terms and conditions to effectiveness set forth in
Section 9 hereof:

       

      (a)           The
definition of “Fixed Charge Coverage Ratio” set forth in Section 1.1 of the Loan
Agreement is amended and restated in its entirety as follows:

       

      “Fixed
Charge Coverage Ratio” means for the Parent and its consolidated Subsidiaries
for each fiscal quarter and the immediately preceding three (3) fiscal quarters,
without duplication, the sum of  (i) EBITDA for such period, plus (ii)
rent and lease expense, solely to the extent deducted in the calculation of net
earnings, plus (iii) recognized share-based compensation expense, solely to the
extent deducted in the calculation of net earnings, plus (iv) one-time non-cash
charges, solely to the extent deducted in the calculation of net earnings,
including, without limitation, those related to Permitted Acquisitions, plus (v)
for covenant calculations for periods ending prior to December 31, 2009, the
non-cash goodwill and tradename impairment charges totaling $70,376,492,
recorded in the fourth quarter of 2008, plus (vi) non-cash expenses for fair
value adjustments related to interest rate swaps, plus (vii) moving-related
expenses incurred by NeedleTech Products, Inc., during fiscal year 2010 not
exceeding $702,536 in the aggregate, minus (viii) non-cash gains for fair value
adjustments related to interest rate swaps, minus (ix) Capital Expenditures
which are not expended as part of Permitted Acquisitions, plus (x) Special
NeedleTech Capital Expenditures, minus (xi) Restricted Payments, divided by
Consolidated Fixed Charges.   For non-cash items listed above in
this definition, such items shall be based on the actual amounts reflected as an
adjustment to reconcile net earnings to net cash provided by operating
activities on the consolidated statements of cash flows for the applicable
period.  For all other items listed above in this definition, such
items shall be based on the actual amounts reflected in the relevant
consolidated financial statements delivered for such period under the terms of
this Agreement.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      (b)           Section
7.1(C)(6) of the Loan Agreement is hereby amended and restated in its entirety
as follows:

       

      (6)           Not
later than the sixtieth (60th) day after the commencement of each fiscal year,
deliver Projections (as hereinafter defined) to Bank for the Parent and its
consolidated Subsidiaries for such fiscal year. “Projections” means (i) a
detailed profit and loss budget for each business unit and on a consolidated
basis, (ii) a consolidated EBITDA budget, (iii) a consolidated free cash flow
budget and (iv) a projected consolidated cash balance at the end of each budget
year, all of the foregoing in this sentence to be prepared on a consistent basis
with the historical financial statements of Parent and its consolidated
Subsidiaries, together with appropriate supporting details and a statement of
underlying assumptions; and

       

      (c)           Section
7.3(A) of the Loan Agreement is hereby amended and restated in its entirety as
follows:

       

      (A)           Financial
Tests.  During the term of this Agreement, Borrowers will
maintain or cause to be maintained, on a consolidated basis, tested as of the
end of each fiscal quarter:

       

      (1)           A
ratio of Senior Liabilities to Tangible Net Worth of not more than 1.5 to
1.0;

       

      (2)           Fixed
Charge Coverage Ratio of not less than the following amounts for the
corresponding periods listed below:

       

      
        	 	
                Fiscal Quarter Ending

              	 	
                Ratio

              	 
	 	
                June
      30, 2010

                 

              	 	
                1.05
      to 1.00

              	 
	 	
                September
      30, 2010

                 

              	 	
                1.10
      to 1.00

              	 
	 	
                December
      31, 2010

                 

              	 	
                1.15
      to 1.00

              	 
	 	
                March
      31, 2011

                and
      each fiscal quarter thereafter

              	 	
                1.25
      to 1.00

              	 

      

      

       

      (3)           Liquid
Assets at all times of not less than $10,000,000.00.

       

      (d)           Exhibit A,
Form of Compliance Certificate, attached to the Loan Agreement is hereby deleted
and the revised Form of Compliance Certificate that is attached to this
Amendment as Exhibit A and incorporated herein by this reference, is hereby
substituted as a new Exhibit A to the Agreement.

       

      3.           Restatement of
Representations and Warranties.  Each Borrower hereby
represents and warrants that, as of the date of this Amendment, and after giving
effect to the terms of this Amendment, there exists no Default or Event of
Default. Each Borrower hereby restates and renews each and every representation
and warranty heretofore made by it in the Loan Agreement and the other Loan
Documents as fully as if made on the date hereof, except to the extent (i)
expressly amended in Section 2 above and (ii) that such representations and
warranties expressly relate solely to an earlier date (in which case such
representations and warranties shall have been true and complete on and as of
such earlier date).

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

         

      

      4.           Effect of Amendment; No
Novation or Mutual Departure.  Each Borrower expressly
acknowledges and agrees that there has not been, and this Amendment does not
constitute or establish, a novation with respect to the Loan Agreement or any of
the Loan Documents or any debt or other obligations owed by any Borrower to
Lender. The amendments set forth in Section 2 above shall be deemed to have
prospective application only, unless otherwise specifically stated herein.
Notwithstanding the foregoing, the agreements of Lender contained in this
Amendment shall not (i) apply to any other past, present or future noncompliance
with any provision of the Loan Agreement or any of the other Loan Documents,
(ii) impair or otherwise adversely affect the Lender's right at any time to
exercise any right or remedy in connection with the Loan Agreement or any of the
other Loan Documents, or (iii) except as expressly set forth in Section 2 above,
(1) amend, modify or otherwise alter any provision of the Loan Agreement or any
of the other Loan Documents, or (2) constitute a mutual departure from the
terms, covenants, conditions and agreements contained in the Loan Agreement or
any of the other Loan Documents other than as expressly agreed to in Section 2
above. Nothing in this Amendment shall affect or limit the Lender's right to
require payment of debt and other obligations owing from any Borrower to the
Lender under, or to require strict performance of the terms, covenants,
conditions and agreements contained in the Loan Agreement and the other Loan
Documents, to exercise any and all rights, powers and remedies under the Loan
Agreement or the other Loan Documents or at law or in equity, or to do any and
all of the foregoing, immediately at any time after the occurrence of a Default
or an Event of Default.

       

      5.           Borrowers' Ratification,
Reaffirmation and Release.  Each Borrower hereby restates,
ratifies and reaffirms each and every term, covenant and condition set forth in
the Loan Agreement, as amended herein, and the other Loan Documents effective as
of the date hereof. Each Borrower acknowledges, agrees, represents and warrants
that the Loan Agreement and the other Loan Documents, as amended and affected by
this Amendment, constitute legal, valid, binding and enforceable obligations of
each Borrower as of this date, free from any defense, counterclaim, offset or
recoupment. Each Borrower hereby waives, releases and discharges Lender from any
and all claims, demands, actions or causes of action arising out of or in any
way relating to the Loans and the other Obligations, the Loan Agreement and the
other Loan Documents and any documents, agreements, dealings, or other matters
connected with the Loans, any letter of credit or other
Obligations,  including, without limitation, all known and unknown
matters, claims, transactions, or things occurring prior to the date of this
Amendment related to the Loans, any letter of credit or other
Obligations.

       

      6.           Counterparts; Section
References; Acceptance of Agreement.  This Amendment may be
executed in any number of counterparts and by different parties hereto in
separate counterparts and transmitted by facsimile to the other parties, each of
which when so executed and delivered by facsimile shall be deemed to be an
original and all of which counterparts, taken together, shall constitute but one
and the same instrument. Section titles and references used in this Amendment
shall be without substantive meaning or content of any kind whatsoever and are
not a part of the agreements among the parties hereto evidenced hereby. To the
fullest extent permitted under applicable law, each Borrower hereby waives
notice of Lender's acceptance of this Amendment.

       

      7.           Further Assurances;
Reimbursement of Lender Expenses.  Each Borrower agrees to take
such further actions as the Lender shall reasonably request in connection with
this Amendment to evidence the agreements contained in this Amendment. The
Borrowers agree to pay directly or reimburse Lender for all of Lender's fees and
expenses outstanding relating to the Loan Agreement, including, but not limited
to, any and all filing fees, recording fees, and expenses and Attorneys’ Fees of
Lender's legal counsel, incurred in connection with the preparation, amendment
or modification of this Amendment (and any prior amendments), the Loan
Agreement, and any and all documents executed and delivered in connection
herewith or therewith.

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

         

      

      8.           Governing Law; Severability;
Successors and Assigns.  This Amendment shall be governed by
and construed and interpreted in accordance with, the laws of the State of
Georgia. If any provision of this Amendment shall be prohibited by or invalid
under applicable law, such provision shall be ineffective only to the extent of
such prohibition or invalidity without invalidating the remainder of such
provision or any remaining provisions of this Amendment. This Amendment shall be
binding upon and inure to the benefit of the successors and assigns of the
parties; provided however, that no Borrower may assign or transfer its interest
hereunder without Lender's prior written consent.

       

      9.           Conditions
Precedent.  This Amendment shall become effective only upon
execution and delivery of this Amendment by the parties hereto, but upon such
execution and delivery shall be deemed effective as of June 30,
2010.

       

      [SIGNATURES
CONTAINED ON FOLLOWING PAGES]

      

      

      

    

     

    
 

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    
      IN
WITNESS WHEREOF, this Amendment has been duly executed and delivered by the
parties hereto as of the day and year first above written, but effective as of
June 30, 2010.

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	 	 
      	 	 
      	 
      
	 	 	 	 	 
	 	 	 	 	 
	LENDER:	 	
                                    BORROWERS:

                                  
	 	 
      	 	 
      	 
      
	
                                    WELLS
      FARGO BANK, NATIONAL 

                                    ASSOCIATION

                                  	 	
                                    THERAGENICS
      CORPORATION

                                  
	 	 
      	 	 
      	 
      
	
                                    By:

                                  	/s/
      William J. Bartlett	 	
                                    By:

                                  	
                                    /s/ Francis J. Tarallo

                                  
	Name:	William
      J. Bartlett	 	
                                    
                                      Name:

                                    

                                  	
                                    Francis J. Tarallo

                                  
	Title:	SVP	 	Title:	CFO
	 	 
      	 	 
      	 
      
	 	 	 	 	 
	 	 
      	 	
                                    C.P.
      MEDICAL CORPORATION

                                  
	 	 
      	 	 
      	 
      
	 	 	 	 	 
	 	 
      	 	
                                    By:

                                  	
                                    /s/ Lynn M. Rogers

                                  
	 	 
      	 	
                                    Name:

                                  	
                                    Lynn M. Rogers

                                  
	 	 	 	Title:	Secretary & Treasurer
	 	 	 	 	 
	 	 
      	 	 
      	 
      
	 	 
      	 	
                                    GALT
      MEDICAL CORP.

                                  
	 	 
      	 	 
      	 
	 	 	 	 	 
	 	 	 	      
                                    By:

                                  	      
                                    /s/ Lynn M. Rogers

                                  
	 	 
      	 	
                                    Name:

                                  	
                                    Lynn M. Rogers

                                  
	 	 	 	Title:	Secretary & Treasurer
	 	 
      	 	 
      	 
      
	 	 	 	 	 
	 	 
      	 	
                                    NEEDLETECH
      PRODUCTS, INC.,

                                  
	 	 
      	 	 
      	 
      
	 	 	 	      
                                    By:

                                  	      
                                    /s/ Lynn M. Rogers

                                  
	 	 
      	 	
                                    Name:

                                  	
                                    Lynn M. Rogers

                                  
	 	 
      	 	Title:	Secretary &
Treasurer

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
       

      EXHIBIT
A

      

      FORM
OF COMPLIANCE CERTIFICATE

      COMPLIANCE
CERTIFICATE

      FOR
THE PERIOD ENDING _______________

      

      
        
          
            
              	 	
                      To:

                    	
                      
                        WELLS
      FARGO BANK, NATIONAL ASSOCIATION

                      

                    
	 	 
      	
                      171
      17th St., 5th Floor

                    	 
      
	 	 
      	
                      MC
      4507

                    	 
      
	 	 
      	
                      Atlanta,
      GA  30363

                    	 
      
	 	 
      	
                      Attn:  __________________

                    	 
      

            

          

        

      

       

    

    
      Pursuant
to that certain Amended and Restated Credit Agreement, dated as of May 27, 2009
(as amended from time to time, the “Credit Agreement”, capitalized terms used
herein as therein defined), among THERAGENICS CORPORATION, a
Delaware corporation and the other “Borrowers” thereto (collectively, the
“Borrower”), and WELLS FARGO
BANK, NATIONAL ASSOCIATION (the “Bank”), the undersigned submits this
Compliance Certificate and certifies that the covenants and financial tests
described in the Credit Agreement are as follows:

    

    
      

      
        
          
            	
                    I.

                  	
                    Financial Statements and
      Reports

                  	
                    Compliance

                  	 
	 
      	 
      	
                    (Please
      Indicate)

                  	 
	
                    A.

                  	
                    Annual
      CPA audited, Fiscal Year-End financial

                  	 
      	 
	 
      	
                    statements
      within 120 days after each Fiscal Year-End

                  	
                    Yes     No

                  	 
	 
      	 
      	 
      	 
	
                    B.

                  	
                    Quarterly
      unaudited financial statements within 45 days

                  	 
      	 
	 
      	
                    after
      each Quarter-End

                  	
                    Yes     No

                  	 
	 
      	 
      	 
      	 
	
                    II.

                  	
                    Senior Liabilities to Tangible Net
      Worth

                  	 
      	 
	 	 	 	 
	 
      	
                    Maximum
      of 1.5 to 1.0 allowed.

                  	 
      	 
	 
      	
                    As
      of the Quarter ending _______________

                  	 
      	 

          

        

      

      

      
        
          
            	
                    $_________

                  	
                    /$__________
      = ________

                  	
                    Yes     No

                  	 
	
                    Senior
      Liabilities

                  	
                       TNW              
      Ratio

                  	 
      	 

          

        

      

      

      
        
          
            	
                    III.

                  	
                    Fixed Charge Coverage Ratio

                  	 
      

          

           

          
          

        

        
          
            	
                    Fiscal Quarter Ending

                  	
                    Required Ratio

                  
	 	 
	 	 
	
                    June
      30, 2010

                  	
                    1.05
      to 1.00

                  
	 	 
	
                    September
      30, 2010

                  	
                    1.10
      to 1.00

                  
	 	 
	
                    December
      31, 2010

                  	
                    1.15
      to 1.00

                  
	 	 
	
                    March
      31, 2011

                    and
      each fiscal quarter thereafter

                  	
                    1.25
      to 1.00

                  

          

        

         

        
          
            	 
      	
                    As
      of the Quarter ending _______________

                  	 
      

          

           

        

        
          
            
            

          

          
            6

            
              

            

          

          
            
            

          

        

      

      

      
        
          
            
              	
                      $___________________

                    	
                      /$____________________

                    	
                      =
      ____________________

                    	
                      Yes

                    	
                      No

                    
	
                      
                        The
      sum of  (i) EBITDA for such period, plus (ii) rent and lease
      expense, solely to the extent deducted in the calculation of net earnings,
      plus (iii) recognized share-based compensation expense, solely to the
      extent deducted in the calculation of net earnings, plus (iv) one-time
      non-cash charges, solely to the extent deducted in the calculation of net
      earnings, including, without limitation, those related to Permitted
      Acquisitions, plus (v) for covenant calculations for periods ending prior
      to December 31, 2009, the non-cash goodwill and tradename impairment
      charges totaling $70,376,492, recorded in the fourth quarter of 2008, plus
      (vi) non-cash expenses for fair value adjustments related to interest rate
      swaps, plus (vii) moving-related expenses incurred by NeedleTech Products,
      Inc., during fiscal year 2010 not exceeding $702,536 in the aggregate,
      minus (viii) non-cash gains for fair value adjustments related to interest
      rate swaps, minus (ix) Capital Expenditures which are not expended as part
      of Permitted Acquisitions, plus (x) Special NeedleTech Capital
      Expenditures, minus (xi) Restricted Payments.

                      

                    	
                      Fixed
      Charges

                    	
                      Ratio

                    	 
      	 
      

            

          

        

      

      

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      

      
        
          
            	
                    IV.

                  	
                    Liquid Assets

                  	 
      	 
	 
      	
                    Minimum
      of $10,000,000 required

                  	 
      	 
	 
      	 
      	 
      	 
	 
      	
                    Actual
      Liquid Assets for this

                  	 
      	 
	 
      	
                    reporting
      period equals $_____________

                  	
                    Yes     No

                  	 
	 
      	 
      	 
      	 
	
                    V.

                  	
                    Acquisitions

                  	 
      	 
	 
      	
                    Maximum
      $7,500,000 during life of Loans

                  	 
      	 
	 
      	
                    Actual
      cumulative amount of Acquisitions

                  	 
      	 
	 
      	
                    equals
      $_____________

                  	
                    Yes     No

                  	 
	 
      	 
      	 
      	 
	
                    VI.

                  	
                    Purchase Money Debt

                  	 
      	 
	 
      	
                    Maximum
      $1,000,000 per fiscal year

                  	 
      	 
	 
      	
                    Actual
      cumulative purchase money debt for

                  	 
      	 
	 
      	
                    subject
      fiscal year equals $_____________

                  	
                    Yes     No

                  	 

          

        

      

      

      A.           The
undersigned has individually reviewed the provisions of the Credit Agreement and
a review of the activities of Borrower during the period covered by this
Compliance Certificate has been made in reasonable detail by or under the
supervision of the undersigned with a view to determining whether Borrower has
kept, observed, performed and fulfilled all of its obligations under the Credit
Agreement.

       

      B.           Such
review did not disclose, and I have no knowledge of, the existence of any
Default or Event of Default which has occurred and is continuing [except as
disclosed on the attachment hereto].

      

      Executed
this ______ day of __________________, 20___.

      

      
        
          
            
              	 
      	
                      THERAGENICS
      CORPORATION

                    	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	
                      By:

                    	 
      

            

          

        

      

    

     

     

    
      
        

         

        8ex4-10.htm

    
      

    

    Exhibit
4.10

     

    JAMES
RIVER COAL COMPANY

     

    SENIOR
DEBT INDENTURE

     

    DATED
AS OF _______________, 201__

     

    _________________________,
TRUSTEE

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
       

      
        	
                TABLE
      OF CONTENTS

                 

              
	
                ARTICLE I DEFINITIONS AND INCORPORATION BY
      REFERENCE

              	 
      	
                1

              
	
                SECTION 1.1

              	
                Definitions

              	 
      	
                1

              
	
                SECTION 1.2

              	
                Other Definitions

              	 
      	
                4

              
	
                SECTION 1.3

              	
                Incorporation by Reference of Trust Indenture
      Act

              	 
      	
                4

              
	
                SECTION 1.4

              	
                Rules Of Construction

              	 
      	
                5

              
	
                ARTICLE II THE SECURITIES

              	 
      	
                5

              
	
                SECTION 2.1

              	
                Issuable In Series

              	 
      	
                5

              
	
                SECTION 2.2

              	
                Establishment Of Terms Of Series Of
      Securities

              	 
      	
                5

              
	
                SECTION 2.3

              	
                Execution and Authentication

              	 
      	
                7

              
	
                SECTION 2.4

              	
                Registrar and Paying Agent

              	 
      	
                7

              
	
                SECTION 2.5

              	
                Paying Agent to Hold Money in
    Trust

              	 
      	
                8

              
	
                SECTION 2.6

              	
                Securityholder Lists

              	 
      	
                8

              
	
                SECTION 2.7

              	
                Transfer and Exchange

              	 
      	
                8

              
	
                SECTION 2.8

              	
                Mutilated, Destroyed, Lost and Stolen
      Securities

              	 
      	
                9

              
	
                SECTION 2.9

              	
                Outstanding Securities

              	 
      	
                9

              
	
                SECTION 2.10

              	
                Treasury Securities

              	 
      	
                10

              
	
                SECTION 2.11

              	
                Temporary Securities

              	 
      	
                10

              
	
                SECTION 2.12

              	
                Cancellation

              	 
      	
                10

              
	
                SECTION 2.13

              	
                Defaulted Interest

              	 
      	
                10

              
	
                SECTION 2.14

              	
                Global Securities

              	 
      	
                10

              
	
                SECTION 2.15

              	
                CUSIP Numbers

              	 
      	
                11

              
	
                ARTICLE III REDEMPTION

              	 
      	
                11

              
	
                SECTION 3.1

              	
                Notice To Trustee

              	 
      	
                11

              
	
                SECTION 3.2

              	
                Selection of Securities to be
      Redeemed

              	 
      	
                12

              
	
                SECTION 3.3

              	
                Notice of Redemption

              	 
      	
                12

              
	
                SECTION 3.4

              	
                Effect of Notice of Redemption

              	 
      	
                12

              
	
                SECTION 3.5

              	
                Deposit of Redemption Price

              	 
      	
                13

              
	
                SECTION 3.6

              	
                Securities Redeemed in Part

              	 
      	
                13

              
	
                ARTICLE IV COVENANTS

              	 
      	
                13

              
	
                SECTION 4.1

              	
                Payment of Principal and
Interest

              	 
      	
                13

              
	
                SECTION 4.2

              	
                SEC Reports

              	 
      	
                13

              
	
                SECTION 4.3

              	
                Compliance Certificate

              	 
      	
                13

              
	
                SECTION 4.4

              	
                Stay, Extension and Usury Laws

              	 
      	
                13

              
	
                SECTION 4.5

              	
                Corporate Existence

              	 
      	
                14

              
	
                SECTION 4.6

              	
                Taxes

              	 
      	
                14

              
	
                ARTICLE V SUCCESSORS

              	 
      	
                14

              
	
                SECTION 5.1

              	
                When Company May Merge, Etc.

              	 
      	
                14

              
	
                SECTION 5.2

              	
                Successor Corporation
Substituted

              	 
      	
                14

              
	
                ARTICLE VI DEFAULTS AND REMEDIES

              	 
      	
                15

              
	
                SECTION 6.1

              	
                Events of Default

              	 
      	
                15

              
	
                SECTION 6.2

              	
                Acceleration of Maturity; Rescission and
      Annulment

              	 
      	
                16

              
	
                SECTION 6.3

              	
                Collection Of Indebtedness And Suits For Enforcement
      By Trustee

              	 
      	
                16

              
	
                SECTION 6.4

              	
                Trustee May File Proofs Of Claim

              	 
      	
                17

              
	
                SECTION 6.5

              	
                Trustee May Enforce Claims Without Possession Of
      Securities

              	 
      	
                17

              
	
                SECTION 6.6

              	
                Application of Money Collected

              	 
      	
                17

              
	
                SECTION 6.7

              	
                Limitation On Suits

              	 
      	
                18

              
	
                SECTION 6.8

              	
                Unconditional Right of Holders to Receive Principal
      and Interest

              	 
      	
                18

              
	
                SECTION 6.9

              	
                Restoration of Rights and
    Remedies

              	 
      	
                18

              
	
                SECTION 6.10

              	
                Rights and Remedies Cumulative

              	 
      	
                18

              
	
                SECTION 6.11

              	
                Delay or Omission Not Waiver

              	 
      	
                19

              
	
                SECTION 6.12

              	
                Control by Holders

              	 
      	
                19

              
	
                SECTION 6.13

              	
                Waiver Of Past Defaults

              	 
      	
                19

              
	
                SECTION 6.14

              	
                Undertaking For Costs

              	 
      	
                19

              
	
                ARTICLE VII TRUSTEE

              	 
      	
                20

              

      

       

      
        
          
             

          

          
            i

            
              

            

          

          
             

          

        

      

       

      
        	
                SECTION 7.1

              	
                Duties of Trustee

              	 
      	
                20

              
	
                SECTION 7.2

              	
                Rights of Trustee

              	 
      	
                21

              
	
                SECTION 7.3

              	
                Individual Rights of Trustee

              	 
      	
                22

              
	
                SECTION 7.4

              	
                Trustee’s Disclaimer

              	 
      	
                22

              
	
                SECTION 7.5

              	
                Notice Of Defaults

              	 
      	
                22

              
	
                SECTION 7.6

              	
                Reports by Trustee to Holders

              	 
      	
                22

              
	
                SECTION 7.7

              	
                Compensation and Indemnity

              	 
      	
                22

              
	
                SECTION 7.8

              	
                Replacement of Trustee

              	 
      	
                23

              
	
                SECTION 7.9

              	
                Successor Trustee by Merger,
Etc.

              	 
      	
                23

              
	
                SECTION 7.10

              	
                Eligibility; Disqualification

              	 
      	
                24

              
	
                SECTION 7.11

              	
                Referential Collection of Claims Against
      Company

              	 
      	
                24

              
	
                ARTICLE VIII SATISFACTION AND DISCHARGE;
      DEFEASANCE

              	 
      	
                24

              
	
                SECTION 8.1

              	
                Satisfaction and Discharge of Senior Debt
      Indenture

              	 
      	
                24

              
	
                SECTION 8.2

              	
                Application of Trust Funds;
      Indemnification

              	 
      	
                24

              
	
                SECTION 8.3

              	
                Legal Defeasance of Securities of any
      Series

              	 
      	
                25

              
	
                SECTION 8.4

              	
                Covenant Defeasance

              	 
      	
                26

              
	
                SECTION 8.5

              	
                Repayment to Company

              	 
      	
                27

              
	
                ARTICLE IX AMENDMENTS AND
WAIVERS

              	 
      	
                27

              
	
                SECTION 9.1

              	
                Without Consent of Holders

              	 
      	
                27

              
	
                SECTION 9.2

              	
                With Consent of Holders

              	 
      	
                27

              
	
                SECTION 9.3

              	
                Limitations

              	 
      	
                28

              
	
                SECTION 9.4

              	
                Compliance With Trust Indenture
    Act

              	 
      	
                28

              
	
                SECTION 9.5

              	
                Revocation and Effect of
Consents

              	 
      	
                28

              
	
                SECTION 9.6

              	
                Notation on or Exchange of
      Securities

              	 
      	
                29

              
	
                SECTION 9.7

              	
                Trustee Protected

              	 
      	
                29

              
	
                ARTICLE X MISCELLANEOUS

              	 
      	
                29

              
	
                SECTION 10.1

              	
                Trust Indenture Act Controls

              	 
      	
                29

              
	
                SECTION 10.2

              	
                Notices

              	 
      	
                29

              
	
                SECTION 10.3

              	
                Communication by Holders with Other
      Holders

              	 
      	
                30

              
	
                SECTION 10.4

              	
                Certificate and Opinion as to Conditions
      Precedent

              	 
      	
                30

              
	
                SECTION 10.5

              	
                Statements Required in Certificate or
      Opinion

              	 
      	
                30

              
	
                SECTION 10.6

              	
                Rules by Trustee and Agents

              	 
      	
                31

              
	
                SECTION 10.7

              	
                Legal Holidays

              	 
      	
                31

              
	
                SECTION 10.8

              	
                No Recourse Against Others

              	 
      	
                31

              
	
                SECTION 10.9

              	
                Counterparts

              	 
      	
                31

              
	
                SECTION 10.10

              	
                Governing Laws

              	 
      	
                31

              
	
                SECTION 10.11

              	
                No Adverse Interpretation of Other
      Agreements

              	 
      	
                31

              
	
                SECTION 10.12

              	
                Successors

              	 
      	
                31

              
	
                SECTION 10.13

              	
                Severability

              	 
      	
                31

              
	
                SECTION 10.14

              	
                Table of Contents, Headings,
Etc.

              	 
      	
                31

              
	
                ARTICLE XI SINKING FUNDS

              	 
      	
                32

              
	
                SECTION 11.1

              	
                Applicability of Article

              	 
      	
                32

              
	
                SECTION 11.2

              	
                Satisfaction Of Sinking Fund Payments With
      Securities

              	 
      	
                32

              
	
                SECTION 11.3

              	
                Redemption Of Securities For Sinking
      Fund

              	 
      	
                32

              

      

       

      
        
          
          

        

        
          ii

          
            

          

        

        
          
          

        

      

       

      
        	
                CROSS
      REFERENCE SCHEDULE

                 

              
	
                Trust Indenture Act Section

              	
                Senior Debt Indenture
    Section

              

        
          	 
      	 
      	 
      	 
      
	
                  Section 310

                	
                  (a)(1)

                	 
      	
                  7.10

                
	 
      	
                  (a)(2)

                	 
      	
                  7.10

                
	 
      	
                  (a)(3)

                	 
      	
                  N/A

                
	 
      	
                  (a)(4)

                	 
      	
                  N/A

                
	 
      	
                  (a)(5)

                	 
      	
                  7.10

                
	 
      	
                  (b)

                	 
      	
                  7.10

                
	
                  Section
      311

                	
                  (a)

                	 
      	
                  7.11

                
	 
      	
                  (b)

                	 
      	
                  7.11

                
	 
      	
                  (c)

                	 
      	
                  N/A

                
	
                  Section
      312

                	
                  (a)

                	 
      	
                  2.6

                
	 
      	
                  (b)

                	 
      	
                  10.3

                
	 
      	
                  (c)

                	 
      	
                  10.3

                
	
                  Section
      313

                	
                  (a)

                	 
      	
                  7.6

                
	 
      	
                  (b)(1)

                	 
      	
                  7.6

                
	 
      	
                  (b)(2)

                	 
      	
                  7.6

                
	 
      	
                  (c)(1)

                	 
      	
                  7.6

                
	 
      	
                  (d)

                	 
      	
                  7.6

                
	
                  Section
      314

                	
                  (a)

                	 
      	
                  4.2,
      10.5

                
	 
      	
                  (b)

                	 
      	
                  N/A

                
	 
      	
                  (c)(1)

                	 
      	
                  10.4

                
	 
      	
                  (c)(2)

                	 
      	
                  10.4

                
	 
      	
                  (c)(3)

                	 
      	
                  N/A

                
	 
      	
                  (d)

                	 
      	
                  N/A

                
	 
      	
                  (e)

                	 
      	
                  10.5

                
	 
      	
                  (f)

                	 
      	
                  N/A

                
	
                  Section
      315

                	
                  (a)

                	 
      	
                  7.1

                
	 
      	
                  (b)

                	 
      	
                  7.5

                
	 
      	
                  (c)

                	 
      	
                  7.1

                
	 
      	
                  (d)

                	 
      	
                  7.1

                
	 
      	
                  (e)

                	 
      	
                  6.14

                
	
                  Section
      316

                	
                  (a)

                	 
      	
                  2.10

                
	 
      	
                  (a)(1)(A)

                	 
      	
                  6.12

                
	 
      	
                  (a)(1)(B)

                	 
      	
                  6.13

                
	 
      	
                  (b)

                	 
      	
                  6.8

                
	
                  Section
      317

                	
                  (a)(1)

                	 
      	
                  6.3

                
	 
      	
                  (a)(2)

                	 
      	
                  6.4

                
	 
      	
                  (b)

                	 
      	
                  2.5

                
	
                  Section
      318

                	
                  (a)

                	 
      	
                  10.1

                

        

      

       

    

    *           This
Cross Reference Table shall not, for any purpose, be deemed to be part of the
Senior Debt Indenture.

    
      
         

      

      
        iii

        
          

        

      

      
         

      

    

    SENIOR
DEBT INDENTURE, dated as of _______________, 201__ between JAMES RIVER COAL
COMPANY, a Virginia corporation (“Company”), and
____________________, as trustee (“Trustee”).

     

    Each
party agrees as follows for the benefit of the other party and for the equal and
ratable benefit of the Holders of the Securities issued under this Senior Debt
Indenture:

     

    ARTICLE I

     

    DEFINITIONS
AND INCORPORATION BY REFERENCE

     

    SECTION 1.1Definitions.

     

    “Additional Amounts”
means any additional amounts which are required hereby or by any Security, under
circumstances specified herein or therein, to be paid by the Company in respect
of certain taxes imposed on Holders specified herein or therein and which are
owing to such Holders.

     

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

     

    “Agent” means any
Registrar, Paying Agent or Service Agent.

     

    “Authorized Newspaper”
means a newspaper in an official language of the country of publication
customarily published at least once a day for at least five days in each
calendar week and of general circulation in the place in connection with which
the term is used.  If it shall be impractical in the opinion of the
Trustee to make any publication of any notice required hereby in an Authorized
Newspaper, any publication or other notice in lieu thereof that is made or given
by the Trustee shall constitute a sufficient publication of such
notice.

     

    “Bearer Security”
means any Security, including any interest coupon appertaining thereto, that
does not provide for the identification of the Holder thereof.

     

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

     

    “Board Resolution”
means a copy of a resolution certified by the Secretary or an Assistant
Secretary of the Company to have been adopted by the Board of Directors or
pursuant to authorization by the Board of Directors and to be in full force and
effect on the date of the certificate and delivered to the Trustee.

     

    “Business Day” means,
unless otherwise provided by Board Resolution, Officers’ Certificate or
supplemental indenture hereto for a particular Series, any day except a
Saturday, Sunday or a legal holiday in the City of New York on which banking
institutions are authorized or required by law, regulation or executive order to
close.

     

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

     

    “Company” means the
party named as such above until a successor replaces it and thereafter means the
successor.

     

    “Company Order” means
a written order signed in the name of the Company by two Officers, one of whom
must be the Company’s principal executive officer, principal financial officer
or principal accounting officer.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    “Company Request”
means a written request signed in the name of the Company by its Chief Executive
Officer, the President or a Vice President, and by its Treasurer, an Assistant
Treasurer, its Secretary or an Assistant Secretary, and delivered to the
Trustee.

     

    “Corporate Trust
Office” means the office of the Trustee at which at any particular time
its corporate trust business shall be principally administered.

     

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

     

    “Depository” means,
with respect to the Securities of any Series issuable or issued in whole or in
part in the form of one or more Global Securities, the person designated as
Depository for such Series by the Company, which Depository shall be a clearing
agency registered under the Exchange Act; and if at any time there is more than
one such person, “Depository” as used with respect to the Securities of any
Series shall mean the Depository with respect to the Securities of such
Series.

     

    “Discount Security”
means any Security that provides for an amount less than the stated principal
amount thereof to be due and payable upon declaration of acceleration of the
maturity thereof pursuant to Section
6.2.

     

    “Dollars” and “$” means the currency
of The United States of America.

     

    “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, which are in
effect as of the date of determination.

     

    “Global Security” or
“Global
Securities” means a Security or Securities, as the case may be, in the
form established pursuant to Section 2.2
evidencing all or part of a Series of Securities, issued to the Depository for
such Series or its nominee, and registered in the name of such Depository or
nominee.

     

    “Holder” or “Securityholder” means
a person in whose name a Security is registered or the holder of a Bearer
Security.

     

    “indebtedness” means,
with respect to any person, and without duplication, (a) all indebtedness,
obligations and other liabilities (contingent or otherwise) of such person for
borrowed money (including obligations of the Company in respect of overdrafts,
foreign exchange contracts, currency exchange agreements, interest rate
protection agreements, and any loans or advances from banks, whether or not
evidenced by notes or similar instruments) or evidenced by bonds, debentures,
notes or similar instruments (whether or not the recourse of the lender is to
the whole of the assets of such person or to only a portion thereof) (other than
any account payable or other accrued current liability or obligation incurred in
the ordinary course of business in connection with the obtaining of materials or
services), (b) all reimbursement obligations and other liabilities
(contingent or otherwise) of such person with respect to letters of credit, bank
guarantees or bankers’ acceptances, (c) all obligations and liabilities
(contingent or otherwise) in respect of leases of such person required, in
conformity with generally accepted accounting principles, to be accounted for as
capitalized lease obligations on the balance sheet of such person and all
obligations and other liabilities (contingent or otherwise) under any lease or
related document (including a purchase agreement) in connection with the lease
of real property which provides that such person is contractually obligated to
purchase or cause a third party to purchase the leased property and thereby
guarantee a minimum residual value of the leased property to the lessor and the
obligations of such person under such lease or related document to purchase or
to cause a third party to purchase such leased property, (d) all
obligations of such person (contingent or otherwise) with respect to an interest
rate or other swap, cap or collar agreement or other similar instrument or
agreement or foreign currency hedge, exchange, purchase or similar instrument or
agreement, (e) all direct or indirect guaranties or similar agreements by
such person in respect of, and obligations or liabilities (contingent or
otherwise) of such person to purchase or otherwise acquire or otherwise assure a
creditor against loss in respect of indebtedness, obligations or liabilities of
another person of the kind described in clauses (a) through (d),
(f) any indebtedness or other obligations described in clauses
(a) through (e) secured by any mortgage, pledge, lien or other
encumbrance existing on property which is owned or held by such person,
regardless of whether the indebtedness or other obligation secured thereby shall
have been assumed by such person and (g) any and all refinancings,
replacements, deferrals, renewals, extensions and refundings of, or amendments,
modifications or supplements to, any indebtedness, obligation or liability of
the kind described in clauses (a) through (f).

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    “interest” with
respect to any Discount Security which by its terms bears interest only after
Maturity, means interest payable after Maturity.

     

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

     

    “Officer” means the
Chief Executive Officer, the President, any Vice President, the Treasurer, the
Secretary, any Assistant Treasurer or any Assistant Secretary of the
Company.

     

    “Officers’
Certificate” means a certificate signed by two Officers, one of whom must
be the Company’s principal executive officer, principal financial officer or
principal accounting officer.

     

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

     

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

     

    “principal” of a
Security means the principal of the Security plus, when appropriate, the
premium, if any, on, and any Additional Amounts in respect of, the
Security.

     

    “Responsible Officer”
means any officer of the Trustee in its Corporate Trust Office and also means,
with respect to a particular corporate trust matter, any other officer to whom
any corporate trust matter is referred because of his or her knowledge of and
familiarity with a particular subject.

     

    “SEC” means the
Securities and Exchange Commission.

     

    “Securities” means the
debentures, notes or other debt instruments of the Company of any Series
authenticated and delivered under this Senior Debt Indenture.

     

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

     

    “Series” or “Series of Securities”
means each series of debentures, notes or other debt instruments of the Company
created pursuant to Sections 2.1 and 2.2
hereof.

     

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

     

    “Subsidiary” of any
specified person means 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.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    “TIA” means the Trust
Indenture Act of 1939 (15 U.S. Code Sections 77aaa-77bbbb) as in effect on the
date of this Senior Debt Indenture; provided, however, that in the event the
Trust Indenture Act of 1939 is amended after such date, “TIA” means, to the
extent required by any such amendment, the Trust Indenture Act as so
amended.

     

    “Trustee” means the
person named as the “Trustee” in the first paragraph of this instrument until a
successor Trustee shall have become such pursuant to the applicable provisions
of this Senior Debt Indenture, and thereafter “Trustee” shall mean each person
who is then a Trustee hereunder, and if at any time there is more than one such
person, “Trustee” as used with respect to the Securities of any Series shall
mean the Trustee with respect to Securities of that Series.

     

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

     

    SECTION 1.2Other Definitions.

     

    
      	
               Term

            	 	
              Defined in Section

            	 
	
               Bankruptcy
      Law

            	 	 	6.1	 
	
               Custodian

            	 	 	6.1	 
	
               Event
      of Default

            	 	 	6.1	 
	
               Legal
      Holiday

            	 	 	10.7	 
	
               mandatory
      sinking fund payment

            	 	 	11.1	 
	
               optional
      sinking fund payment

            	 	 	11.1	 
	
               Paying
      Agent

            	 	 	2.4	 
	
               Registrar

            	 	 	2.4	 
	
               Service
      Agent

            	 	 	2.4	 
	
               successor
      person

            	 	 	5.1	 

    

     

    SECTION 1.3Incorporation by Reference of Trust Indenture
Act.

     

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

     

    “Commission” means the
SEC.

     

    “indenture securities”
means the Securities.

     

    “indenture security
holder” means a Securityholder.

     

    “indenture to be
qualified” means this Senior Debt Indenture.

     

    “indenture trustee” or
“institutional
trustee” means the Trustee.

     

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

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    All other
terms used in this Senior Debt Indenture that are defined by the TIA, defined by
TIA reference to another statute or defined by SEC rule under the TIA and not
otherwise defined herein are used herein as so defined.

     

    SECTION 1.4Rules Of Construction.

     

    Unless
the context otherwise requires:

     

    
      	
               
      

            	
              (a)

            	
              a
      term has the meaning assigned to
it;

            

    

     

    
      	
               
      

            	
              (b)

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

            

    

     

    
      	
               
      

            	
              (c)

            	
              references
      to “generally
      accepted accounting principles” and “GAAP” shall
      mean generally accepted accounting principles in effect as of the time
      when and for the period as to which such accounting principles are to be
      applied;

            

    

     

    
      	
               
      

            	
              (d)

            	
              “or”
      is not exclusive;

            

    

     

    
      	
               
      

            	
              (e)

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

            

    

     

    
      	
               
      

            	
              (f)

            	
              provisions
      apply to successive events and
transactions.

            

    

     

    ARTICLE II

     

    THE
SECURITIES

     

    SECTION 2.1Issuable In Series.

     

    The
aggregate principal amount of Securities that may be authenticated and delivered
under this Senior Debt Indenture is unlimited.  The Securities may be
issued in one or more Series.  All Securities of a Series shall be
identical except as may be set forth or determined in the manner provided in a
Board Resolution, supplemental indenture or Officers’ Certificate detailing the
adoption of the terms thereof pursuant to authority granted under a Board
Resolution.  In the case of Securities of a Series to be issued from
time to time, the Board Resolution, Officers’ Certificate or supplemental
indenture detailing the adoption of the terms thereof pursuant to authority
granted under a Board Resolution may provide for the method by which specified
terms (such as interest rate, maturity date, record date or date from which
interest shall accrue) are to be determined.  Securities may differ
between Series in respect of any matters, provided that all Series of Securities
shall be equally and ratably entitled to the benefits of this Senior Debt
Indenture.

     

    SECTION 2.2Establishment Of Terms Of Series Of
Securities.

     

    At or
prior to the issuance of any Securities within a Series, the following shall be
established (as to the Series generally, in the case of Subsection 2.2.1 and
either as to such Securities within the Series or as to the Series generally in
the case of Subsections 2.2.2 through
2.2.21) by or pursuant to a Board Resolution, and set forth or determined
in the manner provided in a Board Resolution, supplemental indenture or an
Officers’ Certificate:

     

    2.2.1           the
title of the Series (which shall distinguish the Securities of that particular
Series from the Securities of any other Series);

     

    2.2.2           the
price or prices (expressed as a percentage of the principal amount thereof) at
which the Securities of the Series will be issued;

     

    2.2.3           any
limit upon the aggregate principal amount of the Securities of the Series which
may be authenticated and delivered under this Senior Debt Indenture (except for
Securities authenticated and delivered upon registration of transfer of, or in
exchange for, or in lieu of, other Securities of the Series pursuant to Section 2.7, 2.8, 2.11, 3.6
or 9.6);

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    2.2.4           the
date or dates on which the principal of the Securities of the Series is
payable;

     

    2.2.5           the
rate or rates (which may be fixed or variable) per annum or, if applicable, the
method used to determine such rate or rates (including, but not limited to, any
commodity, commodity index, stock exchange index or financial index) at which
the Securities of the Series shall bear interest, if any, the date or dates from
which such interest, if any, shall accrue, the date or dates on which such
interest, if any, shall commence and be payable and any regular record date for
the interest payable on any interest payment date;

     

    2.2.6           the
place or places where the principal of and interest, if any, on the Securities
of the Series shall be payable, where the Securities of such Series may be
surrendered for registration of transfer or exchange and where notices and
demands to or upon the Company in respect of the Securities of such Series and
this Senior Debt Indenture may be served, and the method of such payment, if by
wire transfer, mail or other means;

     

    2.2.7           if
applicable, the period or periods within which, the price or prices at which and
the terms and conditions upon which the Securities of the Series may be
redeemed, in whole or in part, at the option of the Company;

     

    2.2.8           the
obligation, if any, of the Company to redeem or purchase the Securities of the
Series pursuant to any sinking fund or analogous provisions 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;

     

    2.2.9           the
dates, if any, on which and the price or prices at which the Securities of the
Series will be repurchased by the Company at the option of the Holders thereof
and other detailed terms and provisions of such repurchase
obligations;

     

    2.2.10         if
other than denominations of $1,000 and any integral multiple thereof, the
denominations in which the Securities of the Series shall be
issuable;

     

    2.2.11         the
forms of the Securities of the Series in bearer or fully registered form (and,
if in fully registered form, whether the Securities will be issuable as Global
Securities);

     

    2.2.12         if
other than the principal amount thereof, the portion of the principal amount of
the Securities of the Series that shall be payable upon declaration of
acceleration of the maturity thereof pursuant to Section
6.2;

     

    2.2.13         the
provisions, if any, relating to any security provided for the Securities of the
Series;

     

    2.2.14         any
addition to or change in the Events of Default which applies to any Securities
of the Series and any change in the right of the Trustee or the requisite
Holders of such Securities to declare the principal amount thereof due and
payable pursuant to Section
6.2;

     

    2.2.15         any
addition to or change in the covenants set forth in Articles IV or V
which applies to Securities of the Series;

     

    2.2.16         any
other terms of the Securities of the Series (which may modify or delete any
provision of this Senior Debt Indenture insofar as it applies to such Series);
and

     

    2.2.17         any
depositories, interest rate calculation agents, exchange rate calculation agents
or other agents with respect to Securities of such Series if other than those
appointed herein.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    All
Securities of any one Series need not be issued at the same time and may be
issued from time to time, consistent with the terms of this Senior Debt
Indenture, if so provided by or pursuant to the Board Resolution, supplemental
indenture hereto or Officers’ Certificate referred to above, and the authorized
principal amount of any Series may not be increased to provide for issuances of
additional Securities of such Series, unless otherwise provided in such Board
Resolution, supplemental indenture or Officers’ Certificate.

     

    SECTION 2.3Execution and Authentication.

     

    Two
Officers shall sign the Securities for the Company by manual or facsimile
signature.

     

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

     

    A
Security shall not be valid until authenticated by the manual signature of the
Trustee or an authenticating agent.  The signature shall be conclusive
evidence that the Security has been authenticated under this Senior Debt
Indenture.

     

    The
Trustee shall at any time, and from time to time, authenticate Securities for
original issue in the principal amount provided in the Board Resolution,
supplemental indenture hereto or Officers’ Certificate, upon receipt by the
Trustee of a Company Order.  Such Company Order may authorize
authentication and delivery pursuant to oral or electronic instructions from the
Company or its duly authorized agent or agents, which oral instructions shall be
promptly confirmed in writing.  Each Security shall be dated the date
of its authentication unless otherwise provided by a Board Resolution, a
supplemental indenture hereto or an Officers’ Certificate.

     

    The
aggregate principal amount of Securities of any Series outstanding at any time
may not exceed any limit upon the maximum principal amount for such Series set
forth in the Board Resolution, supplemental indenture hereto or Officers’
Certificate delivered pursuant to Section 2.2, except
as provided in Section
2.8.

     

    Prior to
the issuance of Securities of any Series, the Trustee shall have received and
(subject to Section
7.2) shall be fully protected in relying on: (a) the Board Resolution,
supplemental indenture hereto or Officers’ Certificate establishing the form of
the Securities of that Series or of Securities within that Series and the terms
of the Securities of that Series or of Securities within that Series, (b) an
Officers’ Certificate complying with Section 10.4, and (c)
an Opinion of Counsel complying with Section
10.4.

     

    The
Trustee shall have the right to decline to authenticate and deliver any
Securities of such Series:  (a) if the Trustee, being advised by
counsel, determines that such action may not be taken lawfully; or (b) if the
Trustee in good faith by its board of directors or trustees, executive committee
or a trust committee of directors and/or Vice Presidents shall determine that
such action would expose the Trustee to personal liability to Holders of any
then outstanding Series of Securities.

     

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

     

    SECTION 2.4Registrar and Paying Agent.

     

    The
Company shall maintain, with respect to each Series of Securities, at the place
or places specified with respect to such Series pursuant to Section 2.2, an
office or agency where Securities of such Series may be presented or surrendered
for payment (“Paying
Agent”), where Securities of such Series may be surrendered for
registration of transfer or exchange (“Registrar”) and where
notices and demands to or upon the Company in respect of the Securities of such
Series and this Senior Debt Indenture may be served (“Service
Agent”).  The Registrar shall keep a register with respect to
each Series of Securities and to their transfer and exchange.  The
Company will give prompt written notice to the Trustee of the name and address,
and any change in the name or address, of each Registrar, Paying Agent or
Service Agent.  If at any time the Company shall fail to maintain any
such required Registrar, Paying Agent or Service Agent or shall fail to furnish
the Trustee with the name and address thereof, such presentations, surrenders,
notices and demands may be made or served at the Corporate Trust Office of the
Trustee, and the Company hereby appoints the Trustee as its agent to receive all
such presentations, surrenders, notices and demands.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    The
Company may also from time to time designate one or more co-registrars,
additional paying agents or additional service agents and may from time to time
rescind such designations; provided, however, that no such designation or
rescission shall in any manner relieve the Company of its obligations to
maintain a Registrar, Paying Agent and Service Agent in each place so specified
pursuant to Section
2.2 for Securities of any Series for such purposes.  The
Company will give prompt written notice to the Trustee of any such designation
or rescission and of any change in the name or address of any such co-registrar,
additional paying agent or additional service agent.  The term
“Registrar” includes any co-registrar; the term “Paying Agent” includes any
additional paying agent; and the term “Service Agent” includes any additional
service agent.

     

    The
Company hereby appoints the Trustee as the initial Registrar, Paying Agent and
Service Agent for each Series unless another Registrar, Paying Agent or Service
Agent, as the case may be, is appointed prior to the time Securities of that
Series are first issued.

     

    SECTION 2.5Paying Agent to Hold Money in
Trust.

     

    The
Company shall require each Paying Agent other than the Trustee to agree in
writing that the Paying Agent will hold in trust, for the benefit of
Securityholders of any Series of Securities, or the Trustee, all money held by
the Paying Agent for the payment of principal of or interest on the Series of
Securities, and will notify the Trustee of any default by the Company in making
any such payment.  While any such default continues, the Trustee may
require a Paying Agent to pay all money held by it to the
Trustee.  The Company at any time may require a Paying Agent to pay
all money held by it to the Trustee.  Upon payment over to the
Trustee, the Paying Agent (if other than the Company or a Subsidiary of the
Company) shall have no further liability for the money.  If the
Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate
and hold in a separate trust fund for the benefit of Securityholders of any
Series of Securities all money held by it as Paying Agent.

     

    SECTION 2.6Securityholder Lists.

     

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

     

    SECTION 2.7Transfer and Exchange.

     

    Where
Securities of a Series are presented to the Registrar or a co-registrar with a
request to register a transfer or to exchange them for an equal principal amount
of Securities of the same Series, the Registrar shall register the transfer or
make the exchange if its requirements for such transactions are
met.  To permit registrations of transfers and exchanges, the Trustee
shall authenticate Securities at the Registrar’s request.  No service
charge shall be made for any registration of transfer or exchange (except as
otherwise expressly permitted herein), but the Company may require payment of a
sum sufficient to cover any transfer tax or similar governmental charge payable
in connection therewith (other than any such transfer tax or similar
governmental charge payable upon exchanges pursuant to Sections 2.11, 3.6 or
9.6).

     

    Neither
the Company nor the Registrar shall be required (a) to issue, register the
transfer of, or exchange Securities of any Series for the period beginning at
the opening of business fifteen days immediately preceding the mailing of a
notice of redemption of Securities of that Series selected for redemption and
ending at the close of business on the day of such mailing, or (b) to register
the transfer of or exchange Securities of any Series selected, called or being
called for redemption as a whole or the portion being redeemed of any such
Securities selected, called or being called for redemption in part.

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    SECTION 2.8Mutilated, Destroyed, Lost and Stolen
Securities.

     

    If any
mutilated Security is surrendered to the Trustee, the Company shall execute and
the Trustee shall authenticate and make available for delivery in exchange
therefor a new Security of the same Series and of like tenor and principal
amount and bearing a number not contemporaneously outstanding.

     

    If there
shall be delivered to the Company and the Trustee (i) evidence to their
satisfaction of the destruction, loss or theft of any Security and (ii) such
security or indemnity as may be required by them to save each of them and any
agent of either of them harmless, then, in the absence of notice to the Company
or the Trustee that such Security has been acquired by a bona fide purchaser,
the Company shall execute and upon its request the Trustee shall authenticate
and make available for delivery, in lieu of any such destroyed, lost or stolen
Security, a new Security of the same Series and of like tenor and principal
amount and bearing a number not contemporaneously outstanding.

     

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

     

    Upon the
issuance of any new Security under this Section, the Company may require the
payment of a sum sufficient to cover any tax or other governmental charge that
may be imposed in relation thereto and any other expenses (including the fees
and expenses of the Trustee) connected therewith.

     

    Every new
Security of any Series issued pursuant to this Section in lieu of any destroyed,
lost or stolen Security shall constitute an original additional contractual
obligation of the Company, whether or not the destroyed, lost or stolen Security
shall be at any time enforceable by anyone, and shall be entitled to all the
benefits of this Senior Debt Indenture equally and proportionately with any and
all other Securities of that Series duly issued hereunder.

     

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

     

    SECTION 2.9Outstanding Securities.

     

    The
Securities outstanding at any time are all the Securities authenticated by the
Trustee except for those canceled by it, those delivered to it for cancellation,
those reductions in the interest on a Global Security effected by the Trustee in
accordance with the provisions hereof and those described in this Section as not
outstanding.

     

    If a
Security is replaced pursuant to Section 2.8, it
ceases to be outstanding until the Trustee receives proof satisfactory to it
that the replaced Security is held by a bona fide purchaser.

     

    If the
Paying Agent (other than the Company, a Subsidiary of the Company or an
Affiliate of the Company) holds on the Maturity of Securities of a Series money
sufficient to pay such Securities payable on that date, then on and after that
date such Securities of the Series cease to be outstanding and interest on them
ceases to accrue.

     

    A
Security does not cease to be outstanding because the Company or an Affiliate of
the Company holds the Security.

     

    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, the principal amount of a Discount Security that
shall be deemed to be outstanding for such purposes shall be the amount of the
principal thereof that would be due and payable as of the date of such
determination upon a declaration of acceleration of the Maturity thereof
pursuant to Section
6.2.

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    SECTION 2.10Treasury Securities.

     

    In
determining whether the Holders of the required principal amount of Securities
of a Series have concurred in any request, demand, authorization, direction,
notice, consent or waiver, Securities of a Series owned by the Company shall be
disregarded, except that for the purposes of determining whether the Trustee
shall be protected in relying on any such request, demand, authorization,
direction, notice, consent or waiver, only Securities of a Series that the
Trustee knows are so owned shall be so disregarded.

     

    SECTION 2.11Temporary Securities.

     

    Until
definitive Securities are ready for delivery, the Company may prepare and the
Trustee shall authenticate temporary Securities upon a Company
Order.  Temporary Securities shall be substantially in the form of
definitive Securities but may have variations that the Company considers
appropriate for temporary Securities.  Without unreasonable delay, the
Company shall prepare and the Trustee upon request shall authenticate definitive
Securities of the same Series and date of maturity in exchange for temporary
Securities.  Until so exchanged, temporary securities shall have the
same rights under this Senior Debt Indenture as the definitive
Securities.

     

    SECTION 2.12Cancellation.

     

    The
Company at any time may deliver Securities to the Trustee for
cancellation.  The Registrar and the Paying Agent shall forward to the
Trustee any Securities surrendered to them for registration of transfer,
exchange or payment.  The Trustee shall cancel all Securities
surrendered for transfer, exchange, payment, replacement or cancellation and
deliver such canceled Securities to the Company, unless the Company otherwise
directs; provided that the Trustee shall not be required to destroy
Securities.  The Company may not issue new Securities to replace
Securities that it has paid or delivered to the Trustee for
cancellation.

     

    SECTION 2.13Defaulted Interest.

     

    If the
Company defaults in a payment of interest on a Series of Securities, it shall
pay the defaulted interest, plus, to the extent permitted by law, any interest
payable on the defaulted interest, to the persons who are Securityholders of the
Series on a subsequent special record date.  The Company shall fix the
record date and payment date.  At least 10 days before the record
date, the Company shall mail to the Trustee and to each Securityholder of the
Series a notice that states the record date, the payment date and the amount of
interest to be paid.  The Company may pay defaulted interest in any
other lawful manner.

     

    SECTION 2.14Global Securities.

     

    2.14.1           Terms Of
Securities.  A Board Resolution, a supplemental indenture
hereto or an Officers’ Certificate shall establish whether the Securities of a
Series shall be issued in whole or in part in the form of one or more Global
Securities and the Depository for such Global Security or
Securities.

     

    2.14.2           Transfer And
Exchange.  Notwithstanding any provisions to the contrary
contained in Section
2.7 of this Senior Debt Indenture and in addition thereto, any Global
Security shall be exchangeable pursuant to Section 2.7 of this
Senior Debt Indenture for Securities registered in the names of Holders other
than the Depository for such Security or its nominee only if (i) such Depository
notifies the Company that it is unwilling or unable to continue as Depository
for such Global Security or if at any time such Depository ceases to be a
clearing agency registered under the Exchange Act, and, in either case, the
Company fails to appoint a successor Depository registered as a clearing agency
under the Exchange Act within 90 days of such event, (ii) the Company executes
and delivers to the Trustee an Officers’ Certificate to the effect that such
Global Security shall be so exchangeable or (iii) an Event of Default with
respect to the Securities represented by such Global Security shall have
happened and be continuing.  Any Global Security that is exchangeable
pursuant to the preceding sentence shall be exchangeable for Securities
registered in such names as the Depository shall direct in writing in an
aggregate principal amount equal to the principal amount of the Global Security
with like tenor and terms.

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    Except as
provided in this Section 2.14.2, a
Global Security may not be transferred except as a whole by the Depository with
respect to such Global Security to a nominee of such Depository, by a nominee of
such Depository to such Depository or another nominee of such Depository or by
the Depository or any such nominee to a successor Depository or a nominee of
such a successor Depository.

     

    2.14.3           Legend.  Any
Global Security issued hereunder shall bear a legend in substantially the
following form:

     

    “This
Security is a Global Security within the meaning of the Senior Debt Indenture
hereinafter referred to and is registered in the name of the Depository or a
nominee of the Depository.  This Security is exchangeable for
Securities registered in the name of a person other than the Depository or its
nominee only in the limited circumstances described in the Senior Debt
Indenture, and may not be transferred except as a whole by the Depository to a
nominee of the Depository, by a nominee of the Depository to the Depository or
another nominee of the Depository or by the Depository or any such nominee to a
successor Depository or a nominee of such a successor Depository.”

     

    2.14.4           Acts Of
Holders.  The Depository, as a Holder, may appoint agents and
otherwise authorize participants to give or take any request, demand,
authorization, direction, notice, consent, waiver or other action which a Holder
is entitled to give or take under this Senior Debt Indenture.

     

    2.14.5           Payments.  Notwithstanding
the other provisions of this Senior Debt Indenture, unless otherwise specified
as contemplated by Section 2.2, payment
of the principal of and interest, if any, on any Global Security shall be made
to the Holder thereof.

     

    2.14.6           Consents, Declaration And
Directions.  Except as provided in Section 2.14.5, the
Company, the Trustee and any Agent shall treat a person as the Holder of such
principal amount of outstanding Securities of such Series represented by a
Global Security as shall be specified in a written statement of the Depository
with respect to such Global Security, for purposes of obtaining any consents,
declarations, waivers or directions required to be given by the Holders pursuant
to this Senior Debt Indenture.

     

    SECTION 2.15CUSIP Numbers.

     

    The
Company in issuing the Securities may use “CUSIP” numbers (if then generally in
use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption
as a convenience to Holders; provided that any such notice may state that no
representation is made as to the correctness of such numbers either as printed
on the Securities or as contained in any notice of a redemption and that
reliance may be placed only on the other elements of identification printed on
the Securities, and any such redemption shall not be affected by any defect in
or omission of such numbers.

     

    
ARTICLE
III

     

    REDEMPTION

     

    SECTION 3.1Notice To Trustee.

     

    The
Company may, with respect to any Series of Securities, reserve the right to
redeem and pay the Series of Securities or may covenant to redeem and pay the
Series of Securities or any part thereof prior to the Stated Maturity thereof at
such time and on such terms as provided for in such Securities.  If a
Series of Securities is redeemable and the Company wants or is obligated to
redeem prior to the Stated Maturity thereof all or part of the Series of
Securities pursuant to the terms of such Securities, it shall notify the Trustee
of the redemption date and the principal amount of Series of Securities to be
redeemed.  The Company shall give the notice at least 45 days before
the redemption date (or such shorter notice as may be acceptable to the
Trustee).

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

    SECTION 3.2Selection of Securities to be
Redeemed.

     

    Unless
otherwise indicated for a particular Series by a Board Resolution, a
supplemental indenture or an Officers’ Certificate, if less than all the
Securities of a Series are to be redeemed, the Trustee shall select the
Securities of the Series to be redeemed in any manner that the Trustee deems
fair and appropriate.  The Trustee shall make the selection from
Securities of the Series outstanding not previously called for
redemption.  The Trustee may select for redemption portions of the
principal of Securities of the Series that have denominations larger than
$1,000.  Securities of the Series and portions of them it selects
shall be in amounts of $1,000 or whole multiples of $1,000 or, with respect to
Securities of any Series issuable in other denominations pursuant to Section 2.2.10, the
minimum principal denomination for each Series and integral multiples
thereof.  Provisions of this Senior Debt Indenture that apply to
Securities of a Series called for redemption also apply to portions of
Securities of that Series called for redemption.

     

    SECTION 3.3Notice of Redemption.

     

    Unless
otherwise indicated for a particular Series by Board Resolution, a supplemental
indenture hereto or an Officers’ Certificate, at least 30 days but not more than
60 days before a redemption date, the Company shall mail a notice of redemption
by first-class mail to each Holder whose Securities are to be redeemed and, if
any Bearer Securities are outstanding, publish on one occasion a notice in an
Authorized Newspaper.

     

    The
notice shall identify the Securities of the Series to be redeemed and shall
state:

     

    
      	
               
      

            	
              (a)

            	
              the
      redemption date;

            

    

     

    
      	
               
      

            	
              (b)

            	
              the
      redemption price;

            

    

     

    
      	
               
      

            	
              (c)

            	
              the
      name and address of the Paying
Agent;

            

    

     

    
      	
               
      

            	
              (d)

            	
              that
      Securities of the Series called for redemption must be surrendered to the
      Paying Agent to collect the redemption
price;

            

    

     

    
      	
               
      

            	
              (e)

            	
              that
      interest on Securities of the Series called for redemption ceases to
      accrue on and after the redemption
date;

            

    

     

    
      	
               
      

            	
              (f)

            	
              the
      CUSIP number, if any; and

            

    

     

    
      	
               
      

            	
              (g)

            	
              any
      other information as may be required by the terms of the particular Series
      or the Securities of a Series being
redeemed.

            

    

     

    At the
Company’s request, the Trustee shall give the notice of redemption in the
Company’s name and at its expense.

     

    SECTION 3.4Effect of Notice of
Redemption.

     

    Once
notice of redemption is mailed or published as provided in Section 3.3,
Securities of a Series called for redemption become due and payable on the
redemption date and at the redemption price.  A notice of redemption
may not be conditional.  Upon surrender to the Paying Agent, such
Securities shall be paid at the redemption price plus accrued interest to the
redemption date, provided that installments of interest whose Stated Maturity is
on or prior to the redemption date shall be payable to the Holders of such
Securities (or one or more predecessor Securities) registered at the close of
business on the relevant record date therefor according to their terms and the
terms of this Senior Debt Indenture.

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

     

    SECTION 3.5Deposit of Redemption Price.

     

    On or
before the redemption date, the Company shall deposit with the Paying Agent
money sufficient to pay the redemption price of and accrued interest, if any, on
all Securities to be redeemed on that date.

     

    SECTION 3.6Securities Redeemed in Part.

     

    Upon
surrender of a Security that is redeemed in part, the Trustee shall authenticate
for the Holder a new Security of the same Series and the same maturity equal in
principal amount to the unredeemed portion of the Security
surrendered.

     

    
ARTICLE
IV

     

    COVENANTS

     

    SECTION 4.1Payment of Principal and
Interest.

     

    The
Company covenants and agrees for the benefit of the Holders of each Series of
Securities that it will duly and punctually pay the principal of and interest,
if any, on the Securities of that Series in accordance with the terms of such
Securities and this Senior Debt Indenture.

     

    SECTION 4.2SEC
Reports.

     

    The
Company shall deliver to the Trustee within 15 days after it files them with the
SEC copies of the annual reports and of the information, documents, and other
reports (or copies of such portions of any of the foregoing as the SEC may by
rules and regulations prescribe) which the Company is required to file with the
SEC pursuant to Section 13 or 15(d) of the Exchange Act.  The Company
also shall comply with the other provisions of TIA Section
314(a).  Delivery of such reports, information and documents to the
Trustee is for informational purposes only and the Trustee’s receipt of such
shall not constitute constructive notice of any information contained therein or
determinable from information contained therein, including the Company’s
compliance with any of its covenants hereunder (as to which the Trustee is
entitled to rely exclusively on an Officers’ Certificate).

     

    SECTION 4.3Compliance Certificate. 

     

    The
Company shall deliver to the Trustee, within 120 days after the end of each
fiscal year of the Company, an Officers’ Certificate stating that a review of
the activities of the Company and its Subsidiaries during the preceding fiscal
year has been made under the supervision of the signing Officers with a view to
determining whether the Company has kept, observed, performed and fulfilled its
obligations under this Senior Debt Indenture, and further stating, as to each
such Officer signing such certificate, that to the best of his/her knowledge the
Company has kept, observed, performed and fulfilled each and every covenant
contained in this Senior Debt Indenture and is not in default in the performance
or observance of any of the terms, provisions and conditions hereof (or, if a
Default or Event of Default shall have occurred, describing all such Defaults or
Events of Default of which he may have knowledge).

     

    The
Company will, so long as any of the Securities are outstanding, deliver to the
Trustee, forthwith upon becoming aware of any Default or Event of Default, an
Officers’ Certificate specifying such Default or Event of Default and what
action the Company is taking or proposes to take with respect
thereto.

     

    SECTION 4.4Stay, Extension and Usury
Laws.

     

    The
Company covenants (to the extent that it may lawfully do so) that it will not at
any time insist upon, plead, or in any manner whatsoever claim or take the
benefit or advantage of, any stay, extension or usury law wherever enacted, now
or at any time hereafter in force, which may affect the covenants or the
performance of this Senior Debt Indenture or the Securities and the Company (to
the extent it may lawfully do so) hereby expressly waives all benefit or
advantage of any such law and covenants that it will not, by resort to any such
law, hinder, delay or impede the execution of any power herein granted to the
Trustee, but will suffer and permit the execution of every such power as though
no such law has been enacted.

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

     

    SECTION 4.5Corporate Existence.

     

    Subject
to Article V,
the Company will do or cause to be done all things necessary to preserve and
keep in full force and effect its corporate existence and the rights (charter
and statutory), licenses and franchises of the Company; provided, however, that
the Company shall not be required to preserve any such right, license or
franchise if the Board of Directors shall determine that the preservation
thereof is no longer desirable in the conduct of the business of the Company and
its Subsidiaries taken as a whole and that the loss thereof is not adverse in
any material respect to the Holders.

     

    SECTION 4.6Taxes.

     

    The
Company shall pay prior to delinquency all taxes, assessments and governmental
levies, except as contested in good faith and by appropriate
proceedings.

     

    
ARTICLE
V

     

    SUCCESSORS

     

    SECTION 5.1When Company May Merge, Etc.

     

    The
Company shall not consolidate with or merge with or into, or convey, transfer or
lease all or substantially all of its properties and assets to, any person (a
“successor
person”) unless:

     

    
      	
               
      

            	
              (a)

            	
              the
      Company is the surviving corporation or the successor person (if other
      than the Company) is a corporation organized and validly existing under
      the laws of any U.S. domestic jurisdiction and expressly assumes the
      Company’s obligations on the Securities and under this Senior Debt
      Indenture; and

            

    

     

    
      	
               
      

            	
              (b)

            	
              immediately
      after giving effect to the transaction, no Default or Event of Default,
      shall have occurred and be
continuing.

            

    

     

    The
Company shall deliver to the Trustee prior to the consummation of the proposed
transaction an Officers’ Certificate to the foregoing effect and an Opinion of
Counsel stating that the proposed transaction and any supplemental indenture
comply with this Senior Debt Indenture.

     

    SECTION 5.2Successor Corporation
Substituted.

     

    Upon any
consolidation or merger, or any sale, lease, conveyance or other disposition of
all or substantially all of the assets of the Company in accordance with Section 5.1, the
successor corporation formed by such consolidation or into or with which the
Company is merged or to which such sale, lease, conveyance or other disposition
is made shall succeed to, and be substituted for, and may exercise every right
and power of, the Company under this Senior Debt Indenture with the same effect
as if such successor person has been named as the Company herein; provided,
however, that the predecessor Company in the case of a sale, conveyance or other
disposition (other than a lease) shall be released from all obligations and
covenants under this Senior Debt Indenture and the Securities.

     

    
      
         

      

      
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    ARTICLE VI

     

    DEFAULTS
AND REMEDIES

     

    SECTION 6.1Events of Default.

     

    “Event of Default,”
wherever used herein with respect to Securities of any Series, means any one of
the following events, unless in the establishing Board Resolution, supplemental
indenture or Officers’ Certificate, it is provided that such Series shall not
have the benefit of said Event of Default:

     

    
      	
               
      

            	
              (a)

            	
              default
      in the payment of any interest on any Security of that Series when it
      becomes due and payable, and continuance of such default for a period of
      30 days (unless the entire amount of such payment is deposited by the
      Company with the Trustee or with a Paying Agent prior to the expiration of
      such period of 30 days); or

            

    

     

    
      	
               
      

            	
              (b)

            	
              default
      in the payment of principal of any Security of that Series at its
      Maturity; or

            

    

     

    
      	
               
      

            	
              (c)

            	
              default
      in the deposit of any sinking fund payment, when and as due in respect of
      any Security of that Series; or

            

    

     

    
      	
               
      

            	
              (d)

            	
              default
      in the performance or breach of any covenant or warranty of the Company in
      this Senior Debt Indenture (other than a covenant or warranty for which
      the consequences of nonperformance or breach are addressed elsewhere in
      this Section
      6.1 and other than a covenant or warranty that has been included in
      this Senior Debt Indenture solely for the benefit of Series of Securities
      other than that Series), which default continues uncured for a period of
      60 days after there has been given, by registered or certified mail, to
      the Company by the Trustee or to the Company and the Trustee by the
      Holders of not less than a majority in principal amount of the outstanding
      Securities of that Series a written notice specifying such default or
      breach and requiring it to be remedied and stating that such notice is a
      “Notice of Default” hereunder; or

            

    

     

    
      	
               
      

            	
              (e)

            	
              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,

            

    

     

    
      	
               
      

            	
              (iv)

            	
              makes
      a general assignment for the benefit of its creditors,
  or

            

    

     

    
      	
               
      

            	
              (v)

            	
              generally
      is unable to pay its debts as the same become due;
  or

            

    

     

    
      	
               
      

            	
              (f)

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

            

    

     

    
      	
               
      

            	
              (i)

            	
              is
      for relief against the Company in an involuntary
  case,

            

    

     

    
      	
               
      

            	
              (ii)

            	
              appoints
      a Custodian of the Company or 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 60 days; or

            

    

     

    
      	
               
      

            	
              (g)

            	
              any
      other Event of Default provided with respect to Securities of that Series,
      which is specified in a Board Resolution, a supplemental indenture hereto
      or an Officers’ Certificate, in accordance with Section
      2.2.18.

            

    

     

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

     

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

     

    SECTION 6.2Acceleration of Maturity; Rescission and
Annulment. 

     

    If an
Event of Default with respect to Securities of any Series at the time
outstanding occurs and is continuing (other than an Event of Default referred to
in Section 6.1(e) or
(f)), then in every such case the Trustee or the Holders of not less than
a majority in principal amount of the outstanding Securities of that Series may
declare the principal amount (or, if any Securities of that Series are Discount
Securities, such portion of the principal amount as may be specified in the
terms of such Securities) of and accrued and unpaid interest, if any, on all of
the Securities of that Series to be due and payable immediately, by a notice in
writing to the Company (and to the Trustee if given by Holders), and upon any
such declaration such principal amount (or specified amount) and accrued and
unpaid interest, if any, shall become immediately due and payable.  If
an Event of Default specified in Section 6.1(e) or (f)
shall occur, the principal amount (or specified amount) of and accrued and
unpaid interest, if any, on all outstanding Securities shall ipso facto become
and be immediately due and payable without any declaration or other act on the
part of the Trustee or any Holder.

     

    At any
time after such a declaration of acceleration with respect to any Series has
been made and before a judgment or decree for payment of the money due has been
obtained by the Trustee as hereinafter in this Article provided, the Holders of
a majority in principal amount of the outstanding Securities of that Series, by
written notice to the Company and the Trustee, may rescind and annul such
declaration and its consequences if all Events of Default with respect to
Securities of that Series, other than the non-payment of the principal and
interest, if any, of Securities of that Series which have become due solely by
such declaration of acceleration, have been cured or waived as provided in Section
6.13.

     

    No such
rescission shall affect any subsequent Default or impair any right consequent
thereon.

     

    SECTION 6.3Collection Of Indebtedness And Suits For
Enforcement By Trustee. 

     

    The
Company covenants that if:

     

    
      	
               
      

            	
              (a)

            	
              default
      is made in the payment of any interest on any Security when such interest
      becomes due and payable and such default continues for a period of 30
      days, or

            

    

     

    
      	
               
      

            	
              (b)

            	
              default
      is made in the payment of principal of any Security at the Maturity
      thereof, or

            

    

     

    
      	
               
      

            	
              (c)

            	
              default
      is made in the deposit of any sinking fund payment when and as due by the
      terms of a Security,

            

    

     

    then, the
Company will, upon demand of the Trustee, pay to it, for the benefit of the
Holders of such Securities, the whole amount then due and payable on such
Securities for principal and interest and, to the extent that payment of such
interest shall be legally enforceable, interest on any overdue principal and any
overdue interest at the rate or rates prescribed therefor in such Securities,
and, in addition thereto, such further amount as shall be sufficient to cover
the costs and expenses of collection, including the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and
counsel.

     

    If the
Company fails to pay such amounts forthwith upon such demand, the Trustee, in
its own name and as trustee of an express trust, may institute a judicial
proceeding for the collection of the sums so due and unpaid, may prosecute such
proceeding to judgment or final decree and may enforce the same against the
Company or any other obligor upon such Securities and collect the moneys
adjudged or deemed to be payable in the manner provided by law out of the
property of the Company or any other obligor upon such Securities, wherever
situated.

     

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

     

    If an
Event of Default with respect to any Securities of any Series occurs and is
continuing, the Trustee may in its discretion proceed to protect and enforce its
rights and the rights of the Holders of Securities of such Series by such
appropriate judicial proceedings as the Trustee shall deem most effectual to
protect and enforce any such rights, whether for the specific enforcement of any
covenant or agreement in this Senior Debt Indenture or in aid of the exercise of
any power granted herein, or to enforce any other proper remedy.

     

    SECTION 6.4Trustee May File Proofs Of
Claim.

     

    In case
of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial
proceeding relative to the Company or any other obligor upon the Securities or
the property of the Company or of such other obligor or their creditors, the
Trustee (irrespective of whether the principal of the Securities shall then be
due and payable as therein expressed or by declaration or otherwise and
irrespective of whether the Trustee shall have made any demand on the Company
for the payment of overdue principal or interest) shall be entitled and
empowered, by intervention in such proceeding or otherwise, (a) to file and
prove a claim for the whole amount of principal and interest owing and unpaid in
respect of the Securities and to file such other papers or documents as may be
necessary or advisable in order to have the claims of the Trustee (including any
claim for the reasonable compensation, expenses, disbursements and advances of
the Trustee, its agents and counsel) and of the Holders allowed in such judicial
proceeding, and (b) to collect and receive any moneys or other property payable
or deliverable on any such claims and to distribute the same, and any custodian,
receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Holder to make such
payments to the Trustee and, in the event that the Trustee shall consent to the
making of such payments directly to the Holders, to pay to the Trustee any
amount due it for the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, and any other amounts due the
Trustee under Section
7.7.

     

    Nothing
herein contained 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
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 6.5Trustee May Enforce Claims Without Possession
Of Securities.

     

    All
rights of action and claims under this Senior Debt Indenture or the Securities
may be prosecuted and enforced by the Trustee without the possession of any of
the Securities or the production thereof in any proceeding relating thereto, and
any such 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 the payment of the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, be for the
ratable benefit of the Holders of the Securities in respect of which such
judgment has been recovered.

     

    SECTION 6.6Application of Money
Collected.

     

    Any money
collected by the Trustee pursuant to this Article shall be applied in the
following order, at the date or dates fixed by the Trustee and, in case of the
distribution of such money on account of principal or interest, upon
presentation of the Securities and the notation thereon of the payment if only
partially paid and upon surrender thereof if fully paid:

     

    First:  To
the payment of all amounts due the Trustee under Section 7.7;
and

     

    Second:  To
the payment of the amounts then due and unpaid for principal of and interest on
the Securities 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 interest,
respectively; and

     

    Third:  To
the Company.

     

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

     

    SECTION 6.7Limitation On Suits.

     

    No Holder
of any Security of any Series shall have any right to institute any proceeding,
judicial or otherwise, with respect to this Senior Debt Indenture, or for the
appointment of a receiver or trustee, or for any other remedy hereunder,
unless:

     

    
      	
               
      

            	
                  
      (a)

            	
              such
      Holder has previously given written notice to the Trustee of a continuing
      Event of Default with respect to the Securities of that
      Series;

            

    

     

    
      	
               
      

            	
                  
      (b)

            	
              the
      Holders of at least a majority in principal amount of the outstanding
      Securities of that Series shall have made written request to the Trustee
      to institute proceedings in respect of such Event of Default in its own
      name as Trustee hereunder;

            

    

     

    
      	
               
      

            	
                  
      (c)

            	
              such
      Holder or Holders have offered to the Trustee reasonable indemnity against
      the costs, expenses and liabilities to be incurred in compliance with such
      request;

            

    

     

    
      	
               
      

            	
                  
      (d)

            	
              the
      Trustee for 60 days after its receipt of such notice, request and offer of
      indemnity has failed to institute any such proceeding;
  and

            

    

     

    
      	
               
      

            	
                  
      (e)

            	
              no
      direction inconsistent with such written request has been given to the
      Trustee during such 60-day period by the Holders of a majority in
      principal amount of the outstanding Securities of that
    Series;

            

    

     

    it being
understood and intended that no one or more of such Holders shall have any right
in any manner whatever by virtue of, or by availing of, any provision of this
Senior Debt Indenture to affect, disturb or prejudice the rights of any other of
such Holders, or to obtain or to seek to obtain priority or preference over any
other of such Holders or to enforce any right under this Senior Debt Indenture,
except in the manner herein provided and for the equal and ratable benefit of
all such Holders.

     

    SECTION 6.8Unconditional Right of Holders to Receive
Principal and Interest.

     

    Notwithstanding
any other provision in this Senior Debt Indenture, the Holder of any Security
shall have the right, which is absolute and unconditional, to receive payment of
the principal of and interest, if any, on such Security on the Stated Maturity
or Stated Maturities expressed in such Security (or, in the case of redemption,
on the redemption date) and to institute suit for the enforcement of any such
payment, and such rights shall not be impaired without the consent of such
Holder.

     

    SECTION 6.9Restoration of Rights and
Remedies.

     

    If the
Trustee or any Holder has instituted any proceeding to enforce any right or
remedy under this Senior Debt Indenture and such proceeding has been
discontinued or abandoned for any reason, or has been determined adversely to
the Trustee or to such Holder, then and in every such case, subject to any
determination in such proceeding, the Company, the Trustee and the Holders shall
be restored severally and respectively to their former positions hereunder and
thereafter all rights and remedies of the Trustee and the Holders shall continue
as though no such proceeding had been instituted.

     

    SECTION 6.10Rights and Remedies
Cumulative.

     

    Except as
otherwise provided with respect to the replacement or payment of mutilated,
destroyed, lost or stolen Securities in Section 2.8, no right
or remedy herein conferred upon or reserved to the Trustee or to the Holders is
intended to be exclusive of any other right or remedy, and every right and
remedy shall, to the extent permitted by law, be cumulative and in addition to
every other right and remedy given hereunder or now or hereafter existing at law
or in equity or otherwise. The assertion or employment of any right or remedy
hereunder, or otherwise, shall not, to the extent permitted by law, prevent the
concurrent assertion or employment of any other appropriate right or
remedy.

     

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

     

    SECTION 6.11Delay or Omission Not Waiver.

     

    No delay
or omission of the Trustee or of any Holder of any Securities to exercise any
right or remedy accruing upon any Event of Default shall impair any such right
or remedy or constitute a waiver of any such Event of Default or an acquiescence
therein. Every right and remedy given by this Article or by law to the Trustee
or to the Holders may be exercised from time to time, and as often as may be
deemed expedient, by the Trustee or by the Holders, as the case may
be.

     

    SECTION 6.12Control by Holders.

     

    The
Holders of a majority in principal amount of the outstanding Securities of any
Series shall have the right to direct the time, method and place of conducting
any proceeding for any remedy available to the Trustee, or exercising any trust
or power conferred on the Trustee, with respect to the Securities of such
Series, provided that:

     

    
      	
               
      

            	
              (a)

            	
              such
      direction shall not be in conflict with any rule of law or with this
      Senior Debt Indenture,

            

    

     

    
      	
               
      

            	
              (b)

            	
              the
      Trustee may take any other action deemed proper by the Trustee which is
      not inconsistent with such direction,
and

            

    

     

    
      	
               
      

            	
              (c)

            	
              subject
      to the provisions of Section 6.1,
      the Trustee shall have the right to decline to follow any such direction
      if the Trustee in good faith shall, by a Responsible Officer of the
      Trustee, determine that the proceeding so directed would involve the
      Trustee in personal liability.

            

    

     

    SECTION 6.13Waiver Of Past Defaults.

     

    The
Holders of not less than a majority in principal amount of the outstanding
Securities of any Series may on behalf of the Holders of all the Securities of
such Series waive any past Default hereunder with respect to such Series and its
consequences, except a Default (i) in the payment of the principal of or
interest on any Security of such Series (provided, however, that the Holders of
a majority in principal amount of the outstanding Securities of any Series may
rescind an acceleration and its consequences, including any related payment
default that resulted from such acceleration) or (ii) in respect of a covenant
or provision hereof which cannot be modified or amended without the consent of
the Holder of each outstanding Security of such Series affected. Upon any such
waiver, such Default shall cease to exist, and any Event of Default arising
therefrom shall be deemed to have been cured, for every purpose of this Senior
Debt Indenture; but no such waiver shall extend to any subsequent or other
Default or impair any right consequent thereon.

     

    SECTION 6.14Undertaking For Costs.

     

    All
parties to this Senior Debt Indenture agree, and each Holder of any Security by
his acceptance thereof shall be deemed to have agreed, that any court may in its
discretion require, in any suit for the enforcement of any right or remedy under
this Senior Debt Indenture, or in any suit against the Trustee for any action
taken, suffered or omitted by it as Trustee, the filing by any party litigant in
such suit of an undertaking to pay the costs of such suit, and that such court
may in its discretion assess reasonable costs, including reasonable attorneys’
fees, against any party litigant in such suit, having due regard to the merits
and good faith of the claims or defenses made by such party litigant; but the
provisions of this Section shall not apply to any suit instituted by the
Company, to any suit instituted by the Trustee, to any suit instituted by any
Holder, or group of Holders, holding in the aggregate more than 10% in 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 interest on
any Security on or after the Stated Maturity or Stated Maturities expressed in
such Security (or, in the case of redemption, on the redemption
date).

     

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

     

    ARTICLE VII

     

    TRUSTEE

     

    SECTION 7.1Duties of Trustee.

     

    
      	
               
      

            	
              (a)

            	
              If
      an Event of Default has occurred and is continuing, the Trustee shall
      exercise the rights and powers vested in it by this Senior Debt 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)

            	
              Except
      during the continuance of an Event of
Default:

            

    

     

    
      	
               
      

            	
              (i)

            	
              The
      Trustee need perform only those duties that are specifically set forth in
      this Senior Debt Indenture and no
others.

            

    

     

    
      	
               
      

            	
              (ii)

            	
              In
      the absence of bad faith on its part, the Trustee may conclusively rely,
      as to the truth of the statements and the correctness of the opinions
      expressed therein, upon Officers’ Certificates or Opinions of Counsel
      furnished to the Trustee and conforming to the requirements of this Senior
      Debt Indenture; however, in the case of any such Officers’ Certificates or
      Opinions of Counsel which by any provisions hereof are specifically
      required to be furnished to the Trustee, the Trustee shall examine such
      Officers’ Certificates and Opinions of Counsel to determine whether or not
      they conform to the requirements of this Senior Debt
      Indenture.

            

    

     

    
      	
               
      

            	
              (c)

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

            

    

     

    
      	
               
      

            	
              (i)

            	
              This
      paragraph does not limit the effect of paragraph (b) of this
      Section.

            

    

     

    
      	
               
      

            	
              (ii)

            	
              The
      Trustee shall not be liable for any error of judgment made in good faith
      by a Responsible Officer, unless it is proved that the Trustee was
      negligent in ascertaining the pertinent
facts.

            

    

     

    
      	
               
      

            	
              (iii)

            	
              The
      Trustee shall not be liable with respect to any action taken, suffered or
      omitted to be taken by it with respect to Securities of any Series in good
      faith in accordance with the direction of the Holders of a majority in
      principal amount of the outstanding Securities of such Series 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 Senior Debt Indenture with respect to the
      Securities of such Series.

            

    

     

    
      	
               
      

            	
              (d)

            	
              Every
      provision of this Senior Debt Indenture that in any way relates to the
      Trustee is subject to paragraph (a), (b) and (c) of this
      Section.

            

    

     

    
      	
               
      

            	
              (e)

            	
              The
      Trustee may refuse to perform any duty or exercise any right or power at
      the request or direction of any Holder unless it receives indemnity
      satisfactory to it against any loss, liability or
  expense.

            

    

     

    
      	
               
      

            	
              (f)

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

            

    

     

    
      	
               
      

            	
              (g)

            	
              No
      provision of this Senior Debt Indenture shall require the Trustee to risk
      its own funds or otherwise incur any financial liability in the
      performance of any of its duties, or in the exercise of any of its rights
      or powers, if it shall have reasonable grounds for believing that
      repayment of such funds or adequate indemnity against such risk is not
      reasonably assured to it.

            

    

     

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (h)

            	
              The
      Paying Agent, the Registrar and any authenticating agent shall be entitled
      to the protections, immunities and standard of care as are set forth in
      paragraphs (a), (b) and (c) of this Section with respect to the
      Trustee.

            

    

     

    SECTION 7.2Rights of Trustee.

     

    
      	
               
      

            	
              (a)

            	
              The
      Trustee may rely on and shall be protected in acting or refraining from
      acting upon any document believed by it to be genuine and to have been
      signed or presented by the proper person.  The Trustee need not
      investigate any fact or matter stated in the
  document.

            

    

     

    
      	
               
      

            	
              (b)

            	
              Before
      the Trustee acts or refrains from acting, it may require an Officers’
      Certificate.  The Trustee shall not be liable for any action it
      takes or omits to take in good faith in reliance on such Officers’
      Certificate.

            

    

     

    
      	
               
      

            	
              (c)

            	
              The
      Trustee may act through agents and shall not be responsible for the
      misconduct or negligence of any agent appointed with due
      care.  No Depository shall be deemed an agent of the Trustee and
      the Trustee shall not be responsible for any act or omission by any
      Depository.

            

    

     

    
      	
               
      

            	
              (d)

            	
              The
      Trustee shall not be liable for any action it takes or omits to take in
      good faith which it believes to be authorized or within its rights or
      powers, provided that the Trustee’s conduct does not constitute negligence
      or bad faith.

            

    

     

    
      	
               
      

            	
              (e)

            	
              The
      Trustee may consult with counsel and the advice of such counsel or any
      Opinion of Counsel shall be full and complete authorization and protection
      in respect of any action taken, suffered or omitted by it hereunder
      without negligence and in good faith and in reliance
    thereon.

            

    

     

    
      	
               
      

            	
              (f)

            	
              The
      Trustee shall be under no obligation to exercise any of the rights or
      powers vested in it by this Senior Debt Indenture at the request or
      direction of any of the Holders of Securities unless such Holders shall
      have offered to the Trustee reasonable security or indemnity against the
      costs, expenses and liabilities which might be incurred by it in
      compliance with such request or
direction.

            

    

     

    
      	
               
      

            	
              (g)

            	
              The
      Trustee may consult with counsel of its selection and the advice of such
      counsel or any Opinion of Counsel shall be full and complete authorization
      and protection in respect of any action taken, suffered or omitted by it
      hereunder without negligence and in good faith and in reliance
      thereon.

            

    

     

    
      	
               
      

            	
              (h)

            	
              The
      Trustee shall not be bound to make any investigation into the facts or
      matters stated in any resolution, certificate, statement, instrument,
      opinion, report, notice, request, direction, consent, order, bond,
      debenture, note, other evidence of indebtedness or other paper or
      document, but the Trustee, in its discretion, may make such further
      inquiry or investigation into such facts or matters as it may see
      fit.

            

    

     

    
      	
               
      

            	
              (i)

            	
              The
      Trustee shall not be deemed to have notice of any Default or Event of
      Default unless a Responsible Officer of the Trustee has actual knowledge
      thereof or unless written notice of any event which is in fact such a
      default is received by the Trustee at the Corporate Trust Office of the
      Trustee, and such notice references the Securities generally or the
      Securities of a particular Series and this Senior Debt
      Indenture.

            

    

     

    
      
         

      

      
        21

        
          

        

      

      
         

      

    

     

    SECTION 7.3Individual Rights of Trustee.

     

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

     

    SECTION 7.4Trustee’s Disclaimer.

     

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

     

    SECTION 7.5Notice Of Defaults.

     

    If a
Default or Event of Default occurs and is continuing with respect to the
Securities of any Series and if it is known to a Responsible Officer of the
Trustee, the Trustee shall mail to each Securityholder of the Securities of that
Series and, if any Bearer Securities are outstanding, publish on one occasion in
an Authorized Newspaper, notice of a Default or Event of Default within 90 days
after it occurs or, if later, after a Responsible Officer of the Trustee has
knowledge of such Default or Event of Default.  Except in the case of
a Default or Event of Default in payment of principal of or interest on any
Security of any Series, the Trustee may withhold the notice if and so long as
its corporate trust committee or a committee of its Responsible Officers in good
faith determines that withholding the notice is in the interests of
Securityholders of that Series.

     

    SECTION 7.6Reports by Trustee to Holders.

     

    Within 60
days after May 15 in each year, the Trustee shall transmit by mail to all
Securityholders, as their names and addresses appear on the register kept by the
Registrar and, if any Bearer Securities are outstanding, publish in an
Authorized Newspaper, a brief report dated as of such May 15, in accordance
with, and to the extent required under, TIA Section 313.

     

    A copy of
each report at the time of its mailing to Securityholders of any Series shall be
filed with the SEC and each stock exchange on which the Securities of that
Series are listed.  The Company shall promptly notify the Trustee when
Securities of any Series are listed on any stock exchange.

     

    SECTION 7.7Compensation and Indemnity. 

     

    The
Company shall pay to the Trustee from time to time compensation for its services
as the Company and the Trustee shall from time to time agree upon in
writing.  The Trustee’s compensation shall not be limited by any law
on compensation of a trustee of an express trust.  The Company shall
reimburse the Trustee upon request for all reasonable out-of-pocket expenses
incurred by it.  Such expenses shall include the reasonable
compensation and expenses of the Trustee’s agents and counsel.

     

    The
Company shall indemnify each of the Trustee and any predecessor Trustee
(including the cost of defending itself) against any loss, liability or expense,
including taxes (other than taxes based upon, measured by or determined by the
income of the Trustee) incurred by it except as set forth in the next paragraph
in the performance of its duties under this Senior Debt Indenture as Trustee or
Agent.  The Trustee shall notify the Company promptly of any claim for
which it may seek indemnity.  The Company shall defend the claim and
the Trustee shall cooperate in the defense.  The Trustee may have one
separate counsel and the Company shall pay the reasonable fees and expenses of
such counsel.  The Company need not pay for any settlement made
without its consent, which consent shall not be unreasonably
withheld.  This indemnification shall apply to officers, directors,
employees, shareholders and agents of the Trustee.

     

    The
Company need not reimburse any expense or indemnify against any loss or
liability incurred by the Trustee or by any officer, director, employee,
shareholder or agent of the Trustee through negligence or bad
faith.

     

    
      
         

      

      
        22

        
          

        

      

      
         

      

    

     

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

     

    When the
Trustee incurs expenses or renders services after an Event of Default specified
in Section 6.1(e) or
(f) occurs, the expenses and the compensation for the services are
intended to constitute expenses of administration under any Bankruptcy
Law.

     

    The
provisions of this Section shall survive the termination of this Senior Debt
Indenture.

     

    SECTION 7.8Replacement of Trustee. 

     

    A
resignation or removal of the Trustee and appointment of a successor Trustee
shall become effective only upon the successor Trustee’s acceptance of
appointment as provided in this Section.

     

    The
Trustee may resign with respect to the Securities of one or more Series by so
notifying the Company at least 30 days prior to the date of the proposed
resignation.  The Holders of a majority in principal amount of the
Securities of any Series may remove the Trustee with respect to that Series by
so notifying the Trustee and the Company.  The Company may remove the
Trustee with respect to Securities of one or more Series if:

     

    
      	
               
      

            	
              (a)

            	
              the
      Trustee fails to comply with Section
      7.10;

            

    

     

    
      	
               
      

            	
              (b)

            	
              the
      Trustee is adjudged a bankrupt or an insolvent or an order for relief is
      entered with respect to the Trustee under any Bankruptcy
    Law;

            

    

     

    
      	
               
      

            	
              (c)

            	
              a
      Custodian or public officer takes charge of the Trustee or its property;
      or

            

    

     

    
      	
               
      

            	
              (d)

            	
              the
      Trustee becomes incapable of
acting.

            

    

     

    If the
Trustee resigns or is removed or if a vacancy exists in the office of Trustee
for any reason, the Company shall promptly appoint a successor
Trustee.  Within one year after the successor Trustee takes office,
the Holders of a majority in principal amount of the then outstanding Securities
may appoint a successor Trustee to replace the successor Trustee appointed by
the Company.

     

    If a
successor Trustee with respect to the Securities of any one or more Series does
not take office within 60 days after the retiring Trustee resigns or is removed,
the retiring Trustee, the Company or the Holders of at least a majority in
principal amount of the Securities of the applicable Series may petition any
court of competent jurisdiction for the appointment of a successor
Trustee.

     

    A
successor Trustee shall deliver a written acceptance of its appointment to the
retiring Trustee and to the Company.  Immediately after that, the
retiring Trustee shall transfer all property held by it as Trustee to the
successor Trustee subject to the lien provided for in Section 7.7, the
resignation or removal of the retiring Trustee shall become effective, and the
successor Trustee shall have all the rights, powers and duties of the Trustee
with respect to each Series of Securities for which it is acting as Trustee
under this Senior Debt Indenture.  A successor Trustee shall mail a
notice of its succession to each Securityholder of each such Series and, if any
Bearer Securities are outstanding, publish such notice on one occasion in an
Authorized Newspaper.  Notwithstanding replacement of the Trustee
pursuant to this Section 7.8, the
Company’s obligations under Section 7.7 hereof
shall continue for the benefit of the retiring Trustee with respect to expenses
and liabilities incurred by it prior to such replacement.

     

    SECTION 7.9Successor Trustee by Merger,
Etc.

     

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

     

    
      
         

      

      
        23

        
          

        

      

      
         

      

    

     

    SECTION 7.10Eligibility; Disqualification.

     

    This
Senior Debt Indenture shall always have a Trustee who satisfies the requirements
of TIA Section 310(a)(1), (2) and (5).  The Trustee shall always have
a combined capital and surplus of at least $25,000,000 as set forth in its most
recent published annual report of condition.  The Trustee shall comply
with TIA Section 310(b).

     

    SECTION 7.11Referential Collection of Claims Against
Company. 

     

    The
Trustee is subject to TIA Section 311(a), excluding any creditor relationship
listed in TIA Section 311(b).  A Trustee who has resigned or been
removed shall be subject to TIA Section 311(a) to the extent
indicated.

     

    
ARTICLE
VIII

     

    SATISFACTION
AND DISCHARGE; DEFEASANCE

     

    SECTION 8.1Satisfaction and Discharge of Senior Debt
Indenture.

     

    This
Senior Debt Indenture shall upon Company Order cease to be of further effect
(except as hereinafter provided in this Section 8.1), and the
Trustee, at the expense of the Company, shall execute proper instruments
acknowledging satisfaction and discharge of this Senior Debt Indenture,
when

     

    
      	
               
      

            	
              (a)

            	
              either:

            

    

     

    
      	
               
      

            	
              (i)

            	
              all
      Securities theretofore authenticated and delivered (other than Securities
      that have been destroyed, lost or stolen and that have been replaced or
      paid) have been delivered to the Trustee for cancellation;
    or

            

    

     

    
      	
               
      

            	
              (ii)

            	
              all
      such Securities not theretofore delivered to the Trustee for cancellation
      (1) have become due and payable, or (2) will become due and payable at
      their Stated Maturity within one year, or (3) are to be called for
      redemption within one year under arrangements satisfactory to the Trustee
      for the giving of notice of redemption by the Trustee in the name, and at
      the expense, of the Company; and the Company has irrevocably deposited or
      caused to be deposited with the Trustee as trust funds in trust an amount
      sufficient for the purpose of paying and discharging the entire
      indebtedness on such Securities not theretofore delivered to the Trustee
      for cancellation, for principal and interest to the date of such deposit
      (in the case of Securities which have become due and payable on or prior
      to the date of such deposit) or to the Stated Maturity or redemption date,
      as the case may be;

            

    

     

    
      	
               
      

            	
              (b)

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

            

    

     

    
      	
               
      

            	
              (c)

            	
              the
      Company has delivered to the Trustee an Officers’ Certificate and an
      Opinion of Counsel, each stating that all conditions precedent herein
      provided for relating to the satisfaction and discharge of this Senior
      Debt Indenture have been complied
with.

            

    

     

    Notwithstanding
the satisfaction and discharge of this Senior Debt Indenture, the obligations of
the Company to the Trustee under Section 7.7, and, if
money shall have been deposited with the Trustee pursuant to clause (a) of this
Section, the provisions of Sections 2.4, 2.7, 2.8, 8.1,
8.2 and 8.5 shall survive.

     

    SECTION 8.2Application of Trust Funds;
Indemnification.

     

    
      	
               
      

            	
              (a)

            	
              Subject
      to the provisions of Section 8.5,
      all money deposited with the Trustee pursuant to Section 8.1,
      all money and U.S. Government Obligations or Foreign Government
      Obligations deposited with the Trustee pursuant to Section 8.3 or
      8.4 and all money received by the Trustee in respect of U.S.
      Government Obligations or Foreign Government Obligations deposited with
      the Trustee pursuant to Section 8.3 or
      8.4, shall be held in trust and applied by it, in accordance with
      the provisions of the Securities and this Senior Debt Indenture, to the
      payment, either directly or through any Paying Agent (other than the
      Company acting as its own Paying Agent) as the Trustee may determine, to
      the persons entitled thereto, of the principal and interest for whose
      payment such money has been deposited with or received by the Trustee or
      to make mandatory sinking fund payments or analogous payments as
      contemplated by Sections 8.3 or
      8.4.

            

    

     

    
      
         

      

      
        24

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (b)

            	
              The
      Company shall pay and shall indemnify the Trustee against any tax, fee or
      other charge imposed on or assessed against U.S. Government Obligations or
      Foreign Government Obligations deposited pursuant to Sections 8.3 or
      8.4 or the interest and principal received in respect of such
      obligations other than any payable by or on behalf of
    Holders.

            

    

     

    
      	
               
      

            	
              (c)

            	
              The
      Trustee shall deliver or pay to the Company from time to time upon Company
      Request any U.S. Government Obligations or Foreign Government Obligations
      or money held by it as provided in Sections 8.3 or
      8.4 which, in the opinion of a nationally recognized firm of
      independent certified public accountants expressed in a written
      certification thereof delivered to the Trustee, are then in excess of the
      amount thereof which then would have been required to be deposited for the
      purpose for which such U.S. Government Obligations or Foreign Government
      Obligations or money were deposited or received.  This provision
      shall not authorize the sale by the Trustee of any U.S. Government
      Obligations or Foreign Government Obligations held under this Senior Debt
      Indenture.

            

    

     

    SECTION 8.3Legal Defeasance of Securities of any
Series.

     

    Unless
this Section
8.3 is otherwise specified, pursuant to Section 2.2.20, to be
inapplicable to Securities of any Series, the Company shall be deemed to have
paid and discharged the entire indebtedness on all the outstanding Securities of
any Series on the 91st day after the date of the deposit referred to in
subparagraph (d) hereof, and the provisions of this Senior Debt Indenture, as it
relates to such outstanding Securities of such Series, shall no longer be in
effect (and the Trustee, at the expense of the Company, shall, at Company
Request, execute proper instruments acknowledging the same), except as
to:

     

    
      	
               
      

            	
              (a)

            	
              the
      rights of Holders of Securities of such Series to receive, from the trust
      funds described in subparagraph (d) hereof, (i) payment of the principal
      of and each installment of principal of and interest on the outstanding
      Securities of such Series on the Stated Maturity of such principal or
      installment of principal or interest and (ii) the benefit of any mandatory
      sinking fund payments applicable to the Securities of such Series on the
      day on which such payments are due and payable in accordance with the
      terms of this Senior Debt Indenture and the Securities of such
      Series;

            

    

     

    
      	
               
      

            	
              (b)

            	
              the
      provisions of Sections 2.4, 2.7,
      2.8, 8.2, 8.3, and 8.5; and

            

    

     

    
      	
               
      

            	
              (c)

            	
              the
      rights, powers, trust and immunities of the Trustee hereunder; provided
      that, the following conditions shall have been
  satisfied:

            

    

     

    
      	
               
      

            	
              (d)

            	
              the
      Company shall have deposited or caused to be irrevocably deposited (except
      as provided in Section 8.2(c))
      with the Trustee as trust funds in trust for the purpose of making the
      following payments, specifically pledged as security for and dedicated
      solely to the benefit of the Holders of such Securities, cash in Dollars
      and/or U.S. Government Obligations, which through the payment of interest
      and principal in respect thereof in accordance with their terms, will
      provide (and without reinvestment and assuming no tax liability will be
      imposed on such Trustee), not later than one day before the due date of
      any payment of money, an amount in cash, sufficient, in the opinion of a
      nationally recognized firm of independent public accountants expressed in
      a written certification thereof delivered to the Trustee, to pay and
      discharge each installment of principal of and interest, if any, on and
      any mandatory sinking fund payments in respect of all the Securities of
      such Series on the dates such installments of interest or principal and
      such sinking fund payments are due;

            

    

     

    
      
         

      

      
        25

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (e)

            	
              such
      deposit will not result in a breach or violation of, or constitute a
      default under, this Senior Debt Indenture or any other agreement or
      instrument to which the Company is a party or by which it is
      bound;

            

    

     

    
      	
               
      

            	
              (f)

            	
              no
      Default or Event of Default with respect to the Securities of such Series
      shall have occurred and be continuing on the date of such deposit or
      during the period ending on the 91st day after such
  date;

            

    

     

    
      	
               
      

            	
              (g)

            	
              the
      Company shall have delivered to the Trustee an Officers’ Certificate and
      an Opinion of Counsel to the effect that (i) the Company has received
      from, or there has been published by, the Internal Revenue Service a
      ruling, or (ii) since the date of execution of this Senior Debt Indenture,
      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
      shall confirm that, the Holders of the Securities of such Series will not
      recognize income, gain or loss for Federal income tax purposes as a result
      of such deposit, defeasance and discharge and will be subject to Federal
      income tax on the same amounts and in the same manner and at the same
      times as would have been the case if such deposit, defeasance and
      discharge had not occurred;

            

    

     

    
      	
               
      

            	
              (h)

            	
              the
      Company shall 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 Securities of such Series over any other
      creditors of the Company or with the intent of defeating, hindering,
      delaying or defrauding any other creditors of the Company;
    and

            

    

     

    
      	
               
      

            	
              (i)

            	
              the
      Company shall have delivered to the Trustee an Officers’ Certificate and
      an Opinion of Counsel, each stating that all conditions precedent provided
      for relating to the defeasance contemplated by this Section have been
      complied with.

            

    

     

    SECTION 8.4Covenant Defeasance.

     

    Unless
this Section
8.4 is otherwise specified pursuant to Section 2.2.20 to be
inapplicable to Securities of any Series, on and after the 91st day after the
date of the deposit referred to in subparagraph (a) hereof, the Company may omit
to comply with respect to the Securities of any Series with any term, provision
or condition set forth under Sections 4.2, 4.3, 4.4, 4.6,
and 5.1 as well as any additional covenants specified in a supplemental
indenture for such Series of Securities or a Board Resolution or an Officers’
Certificate delivered pursuant to Section 2.2.20 (and
the failure to comply with any such covenants shall not constitute a Default or
Event of Default with respect to such Series under Section 6.1) and the
occurrence of any event specified in a supplemental indenture for such Series of
Securities or a Board Resolution or an Officers’ Certificate delivered pursuant
to Section
2.2.18 and designated as an Event of Default shall not constitute a
Default or Event of Default hereunder, with respect to the Securities of such
Series, provided that the following conditions shall have been
satisfied:

     

    
      	
               
      

            	
              (a)

            	
              With
      reference to this Section 8.4,
      the Company has deposited or caused to be irrevocably deposited (except as
      provided in Section 8.2(c))
      with the Trustee as trust funds in trust for the purpose of making the
      following payments specifically pledged as security for, and dedicated
      solely to, the benefit of the Holders of such Securities, cash in Dollars
      and/or U.S. Government Obligations, which through the payment of interest
      and principal in respect thereof in accordance with their terms, will
      provide (and without reinvestment and assuming no tax liability will be
      imposed on such Trustee), not later than one day before the due date of
      any payment of money, an amount in cash, sufficient, in the opinion of a
      nationally recognized firm of independent certified public accountants
      expressed in a written certification thereof delivered to the Trustee, to
      pay and discharge each installment of principal of and interest, if any,
      on and any mandatory sinking fund payments in respect of the Securities of
      such Series on the dates such installments of interest or principal and
      such sinking fund payments are due;

            

    

     

    
      	
               
      

            	
              (b)

            	
              Such
      deposit will not result in a breach or violation of, or constitute a
      default under, this Senior Debt Indenture or any other agreement or
      instrument to which the Company is a party or by which it is
      bound;

            

    

     

    
      
         

      

      
        26

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (c)

            	
              No
      Default or Event of Default with respect to the Securities of such Series
      shall have occurred and be continuing on the date of such deposit or
      during the period ending on the 91st day after such
  date;

            

    

     

    
      	
               
      

            	
              (d)

            	
              The
      Company shall have delivered to the Trustee an Opinion of Counsel to the
      effect that Holders of the Securities of such Series will not recognize
      income, gain or loss for federal income tax purposes as a result of such
      deposit and 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 deposit and covenant defeasance had not
      occurred; and

            

    

     

    
      	
               
      

            	
              (e)

            	
              The
      Company shall have delivered to the Trustee an Officers’ Certificate and
      an Opinion of Counsel, each stating that all conditions precedent herein
      provided for relating to the covenant defeasance contemplated by this
      Section have been complied with.

            

    

     

    SECTION 8.5Repayment to Company.

     

    The
Trustee and the Paying Agent shall pay to the Company upon request any money
held by them for the payment of principal and interest that remains unclaimed
for two years.  After that, Securityholders entitled to the money must
look to the Company for payment as general creditors unless an applicable
abandoned property law designates another person.

     

    
ARTICLE
IX

     

    AMENDMENTS
AND WAIVERS

     

    SECTION 9.1Without Consent of Holders.

     

    The
Company and the Trustee may amend or supplement this Senior Debt Indenture or
the Securities of one or more Series without the consent of any
Securityholder:

     

    
      	
               
      

            	
              (a)

            	
              to
      cure any ambiguity, defect or
inconsistency;

            

    

     

    
      	
               
      

            	
              (b)

            	
              to
      comply with Article
      V;

            

    

     

    
      	
               
      

            	
              (c)

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

            

    

     

    
      	
               
      

            	
              (d)

            	
              to
      make any change that does not adversely affect the rights of any
      Securityholder;

            

    

     

    
      	
               
      

            	
              (e)

            	
              to
      provide for the issuance of and establish the form and terms and
      conditions of Securities of any Series as permitted by this Senior Debt
      Indenture;

            

    

     

    
      	
               
      

            	
              (f)

            	
              to
      evidence and provide for the acceptance of appointment hereunder by a
      successor Trustee with respect to the Securities of one or more Series and
      to add to or change any of the provisions of this Senior Debt Indenture as
      shall be necessary to provide for or facilitate the administration of the
      trusts hereunder by more than one Trustee;
or

            

    

     

    
      	
               
      

            	
              (g)

            	
              to
      comply with requirements of the SEC in order to effect or maintain the
      qualification of this Senior Debt Indenture under the
  TIA.

            

    

     

    SECTION 9.2With Consent of Holders.

     

    The
Company and the Trustee may enter into a supplemental indenture with the written
consent of the Holders of at least a majority in principal amount of the
outstanding Securities of each Series affected by such supplemental indenture
(including consents obtained in connection with a tender offer or exchange offer
for the Securities of such Series), for the purpose of adding any provisions to
or changing in any manner or eliminating any of the provisions of this Senior
Debt Indenture or of any supplemental indenture or of modifying in any manner
the rights of the Securityholders of each such Series.  Except as
provided in Section
6.13, the Holders of at least a majority in principal amount of the
outstanding Securities of any Series by notice to the Trustee (including
consents obtained in connection with a tender offer or exchange offer for the
Securities of such Series) may waive compliance by the Company with any
provision of this Senior Debt Indenture or the Securities with respect to such
Series.

     

    
      
         

      

      
        27

        
          

        

      

      
         

      

    

     

    It shall
not be necessary for the consent of the Holders of Securities under this Section 9.2 to
approve the particular form of any proposed supplemental indenture or waiver,
but it shall be sufficient if such consent approves the substance
thereof.  After a supplemental indenture or waiver under this section
becomes effective, the Company shall mail to the Holders of Securities affected
thereby and, if any Bearer Securities affected thereby are outstanding, publish
on one occasion in an Authorized Newspaper, a notice briefly describing the
supplemental indenture or waiver.  Any failure by the Company to mail
or publish such notice, or any defect therein, shall not, however, in any way
impair or affect the validity of any such supplemental indenture or
waiver.

     

    SECTION 9.3Limitations.

     

    Without
the consent of each Securityholder affected, an amendment or waiver may
not:

     

    
      	
               
      

            	
              (a)

            	
              reduce
      the amount of Securities whose Holders must consent to an amendment,
      supplement or waiver;

            

    

     

    
      	
               
      

            	
              (b)

            	
              reduce
      the rate of or extend the time for payment of interest (including default
      interest) on any Security;

            

    

     

    
      	
               
      

            	
              (c)

            	
              reduce
      the principal or change the Stated Maturity of any Security or reduce the
      amount of, or postpone the date fixed for, the payment of any sinking fund
      or analogous obligation;

            

    

     

    
      	
               
      

            	
              (d)

            	
              reduce
      the principal amount of Discount Securities payable upon acceleration of
      the maturity thereof;

            

    

     

    
      	
               
      

            	
              (e)

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

            

    

     

    
      	
               
      

            	
              (f)

            	
              make
      the principal of or interest, if any, on any Security payable in any
      currency other than that stated in the
Security;

            

    

     

    
      	
               
      

            	
              (g)

            	
              adversely
      affect the right of any Security;

            

    

     

    
      	
               
      

            	
              (h)

            	
              make
      any change in Sections 6.8, 6.13, or
      9.3 (this sentence); or

            

    

     

    
      	
               
      

            	
              (i)

            	
              waive
      a redemption payment with respect to any
  Security.

            

    

     

    SECTION 9.4Compliance With Trust Indenture
Act.

     

    Every
amendment to this Senior Debt Indenture or the Securities of one or more Series
shall be set forth in a supplemental indenture hereto that complies with the TIA
as then in effect.

     

    SECTION 9.5Revocation and Effect of
Consents.

     

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

     

    
      
         

      

      
        28

        
          

        

      

      
         

      

    

     

    Any
amendment or waiver once effective shall bind every Securityholder of each
Series affected by such amendment or waiver unless it is of the type described
in any of clauses (a) through (h) of Section
9.3.  In that case, the amendment or waiver shall bind each
Holder of a Security who has consented to it and every subsequent Holder of a
Security or portion of a Security that evidences the same debt as the consenting
Holder’s Security.

     

    SECTION 9.6Notation on or Exchange of
Securities.

     

    The
Trustee may place an appropriate notation about an amendment or waiver on any
Security of any Series thereafter authenticated.  The Company in
exchange for Securities of that Series may issue and the Trustee shall
authenticate upon request new Securities of that Series that reflect the
amendment or waiver.

     

    SECTION 9.7Trustee Protected.

     

    In
executing, or accepting the additional trusts created by, any supplemental
indenture permitted by this Article or the modifications thereby of the trusts
created by this Senior Debt Indenture, the Trustee shall be entitled to receive,
and (subject to Section 7.1) shall be
fully protected in relying upon, an Opinion of Counsel stating that the
execution of such supplemental indenture is authorized or permitted by this
Senior Debt Indenture.  The Trustee shall sign all supplemental
indentures, except that the Trustee need not sign any supplemental indenture
that adversely affects its rights.

     

    ARTICLE X

     

    MISCELLANEOUS

     

    SECTION 10.1Trust Indenture Act Controls.

     

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

     

    SECTION 10.2Notices.

     

    Any
notice or communication by the Company or the Trustee to the other, or by a
Holder to the Company or the Trustee, is duly given if in writing and delivered
in person or mailed by first-class mail:

     

    if to the
Company:

    

    James
River Coal Company

    901 E.
Byrd Street, Suite 1600

    Richmond,
Virginia 23219

    Attention:  Peter
T. Socha

    Telephone:  (804)
780-3000

    Facsimile:  (804)
_______________

    

    if to the
Trustee:

    _______________________________

    _______________________________

    _______________________________

    _______________________________

     

    Attention:

    Telephone:  (_____)
_______________

    Facsimile:  (_____)
_______________

     

    
      
         

      

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

     

    Any
notice or communication to a Securityholder shall be mailed by first-class mail
to his address shown on the register kept by the Registrar and, if any Bearer
Securities are outstanding, published in an Authorized
Newspaper.  Failure to mail a notice or communication to a
Securityholder of any Series or any defect in it shall not affect its
sufficiency with respect to other Securityholders of that or any other
Series.

     

    If a
notice or communication is mailed or published in the manner provided above,
within the time prescribed, it is duly given, whether or not the Securityholder
receives it.

     

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

     

    SECTION 10.3Communication by Holders with Other
Holders.

     

    Securityholders
of any Series may communicate pursuant to TIA Section 312(b) with other
Securityholders of that Series or any other Series with respect to their rights
under this Senior Debt Indenture or the Securities of that Series or all
Series.  The Company, the Trustee, the Registrar and anyone else shall
have the protection of TIA Section 312(c).

     

    SECTION 10.4Certificate and Opinion as to Conditions
Precedent.

     

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

     

    
      	
               
      

            	
              (a)

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

            

    

     

    
      	
               
      

            	
              (b)

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

            

    

     

    SECTION 10.5Statements Required in Certificate or
Opinion.

     

    Each
certificate or opinion with respect to compliance with a condition or covenant
provided for in this Senior Debt Indenture (other than a certificate provided
pursuant to TIA Section 314(a)(4)) shall comply with the provisions of TIA
Section 314(e) and shall include:

     

    
      	
               
      

            	
              (a)

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

            

    

     

    
      	
               
      

            	
              (b)

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

            

    

     

    
      	
               
      

            	
              (c)

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

            

    

     

    
      	
               
      

            	
              (d)

            	
              a
      statement as to whether or not, in the opinion of such person, such
      condition or covenant has been complied
with.

            

    

     

    
      
         

      

      
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    SECTION 10.6Rules by Trustee and Agents.

     

    The
Trustee may make reasonable rules for action by or a meeting of Securityholders
of one or more Series.  Any Agent may make reasonable rules and set
reasonable requirements for its functions.

     

    SECTION 10.7Legal Holidays.

     

    Unless
otherwise provided by Board Resolution, Officers’ Certificate or supplemental
indenture hereto for a particular Series, a “Legal Holiday” is any
day that is not a Business Day.  If a payment date is a Legal Holiday
at a place of payment, payment may be made at that place on the next succeeding
day that is not a Legal Holiday, and no interest shall accrue for the
intervening period.

     

    SECTION 10.8No
Recourse Against Others.

     

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

     

    SECTION 10.9Counterparts.

     

    This
Senior Debt Indenture may be executed in any number of counterparts and by the
parties hereto in separate counterparts, each of which when so executed shall be
deemed to be an original and all of which taken together shall constitute one
and the same agreement.

     

    SECTION 10.10Governing Laws.

     

    THIS
SENIOR DEBT INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY THE LAWS OF THE
STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN SUCH
STATE, WITHOUT REGARD TO THE CONFLICT OF LAWS PROVISIONS THEREOF.

     

    SECTION 10.11No Adverse Interpretation of Other
Agreements.

     

    This
Senior Debt Indenture may not be used to interpret another indenture, loan or
debt agreement of the Company or a Subsidiary of the Company.  Any
such indenture, loan or debt agreement may not be used to interpret this Senior
Debt Indenture.

     

    SECTION 10.12Successors.

     

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

     

    SECTION 10.13Severability.

     

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

     

    SECTION 10.14Table of Contents, Headings,
Etc.

     

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

     

    
      
         

      

      
        31

        
          

        

      

      
         

      

    

     

    ARTICLE XI

     

    SINKING
FUNDS

     

    SECTION 11.1Applicability of Article.

     

    The
provisions of this Article shall be applicable to any sinking fund for the
retirement of the Securities of a Series, except as otherwise permitted or
required by any form of Security of such Series issued pursuant to this Senior
Debt Indenture.

     

    The
minimum amount of any sinking fund payment provided for by the terms of the
Securities of any Series is herein referred to as a “mandatory sinking fund
payment” and any other amount provided for by the terms of Securities of
such 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
11.2.  Each sinking fund payment shall be applied to the
redemption of Securities of any Series as provided for by the terms of the
Securities of such Series.

     

    SECTION 11.2Satisfaction Of Sinking Fund Payments With
Securities.

     

    The
Company may, in satisfaction of all or any part of any sinking fund payment with
respect to the Securities of any Series to be made pursuant to the terms of such
Securities (1) deliver outstanding Securities of such Series to which such
sinking fund payment is applicable (other than any of such Securities previously
called for mandatory sinking fund redemption) and (2) apply as credit Securities
of such Series to which such sinking fund payment is applicable and which have
been repurchased by the Company or redeemed either at the election of the
Company pursuant to the terms of such Series of Securities (except pursuant to
any mandatory sinking fund) or through the application of permitted optional
sinking fund payments or other optional redemptions pursuant to the terms of
such Securities, provided that such Securities have not been previously so
credited.  Such Securities shall be received by the Trustee, together
with an Officers’ Certificate with respect thereto, not later than 15 days prior
to the date on which the Trustee begins the process of selecting Securities for
redemption, and shall be credited for such purpose by the Trustee at the 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.  If as a result of the delivery or credit of Securities
in lieu of cash payments pursuant to this Section 11.2, the
principal amount of Securities of such Series to be redeemed in order to exhaust
the aforesaid cash payment shall be less than $100,000, the Trustee need not
call Securities of such Series for redemption, except upon receipt of a Company
Order that such action be taken, and such cash payment shall be held by the
Trustee or a Paying Agent and applied to the next succeeding sinking fund
payment, provided, however, that the Trustee or such Paying Agent shall from
time to time upon receipt of a Company Order pay over and deliver to the Company
any cash payment so being held by the Trustee or such Paying Agent upon delivery
by the Company to the Trustee of Securities of that Series purchased by the
Company having an unpaid principal amount equal to the cash payment required to
be released to the Company.

     

    SECTION 11.3Redemption Of Securities For Sinking
Fund.

     

    Not less
than 45 days (unless otherwise indicated in the Board Resolution, supplemental
indenture or Officers’ Certificate in respect of a particular Series of
Securities) 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 mandatory sinking fund payment for
that Series pursuant to the terms of that Series, the portion thereof, if any,
which is to be satisfied by payment of cash and the portion thereof, if any,
which is to be satisfied by delivering and crediting of Securities of that
Series pursuant to Section 11.2, and the
optional amount, if any, to be added in cash to the next ensuing mandatory
sinking fund payment, and the Company shall thereupon be obligated to pay the
amount therein specified.  Not less than 30 days (unless otherwise
indicated in the Board Resolution, Officers’ Certificate or supplemental
indenture in respect of a particular Series of Securities) 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 3.2 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
3.3.  Such notice having been duly given, the redemption of
such Securities shall be made upon the terms and in the manner stated in Sections 3.4, 3.5 and
3.6.

     

    
      
         

      

      
        32

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties hereto have caused this Senior Debt Indenture to be
duly executed and attested, all as of the day and year first above
written.

    

      
        	 
      	JAMES RIVER COAL
      COMPANY	 
      
	 	 	 
	 
      	
                By: 
      

              	 
      	 
      
	 
      	 
      	
                Name: 
      

              	 
      	 
      
	 
      	 
      	
                Its:

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	
                Attest:

              	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	
                [TRUSTEE]

              
	 
      	 
      
	 
      	
                By:

              	 
      	 
      
	 
      	 
      	
                Name:

              	 
      	 
      
	 
      	 
      	
                Its: 
      

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	
                Attest:

              	 
      	 
      

      

    

     

     

    33

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