Document:

Exhibit
4.4

 

GE FINANCIAL ASSURANCE HOLDINGS, INC.

Company

GENWORTH FINANCIAL, INC.

Successor Company

and

JPMORGAN CHASE BANK

Trustee

Second
Supplemental Indenture

Dated as of
                ,
2004

 

to
the

Indenture

Dated as of June 26, 2001

 

as
amended by

First Supplemental Indenture

Dated
as of June 26, 2001

Providing for the Issuance of Debt Securities

(Unlimited as to Aggregate Principal Amount)

 

 

 

SECOND
SUPPLEMENTAL INDENTURE

 

SECOND SUPPLEMENTAL INDENTURE (this “Second Supplemental Indenture”), dated as of
May     , 2004, between GE Financial Assurance Holdings,
Inc., a Delaware corporation (the “Company”), Genworth Financial, Inc., a Delaware
corporation (the “Successor Company”),
and JPMorgan Chase Bank, a New York banking corporation (formerly known as The
Chase Manhattan Bank) (the “Trustee”), to the Indenture, dated as of June 26, 2001,
between the Company and the Trustee (the “Base Indenture”), as amended by the First Supplemental
Indenture, dated as of June 26, 2001 (the “First Supplemental Indenture,” and together with the
Base Indenture, the “Indenture”).

RECITALS:

WHEREAS, the Company and the Trustee have heretofore entered into the
Indenture to provide for the issuance of the Company’s unsecured debentures,
notes or other evidences of indebtedness to be issued in one or more series;

WHEREAS, Section 11.01 of the Indenture permits the sale, conveyance,
transfer or other disposition of all or substantially all of the Company’s
assets to any other Person, provided that the successor Person shall be a
corporation or a limited liability company organized and existing under the
laws of the United States of America or a state thereof and such corporation or
limited liability company shall expressly assume (1) the due and punctual
payment of the principal of, and premium, if any, and interest, if any, on all
the Securities according to their tenor, and (2) the due and punctual
performance and observance of all of the covenants and conditions of the
Indenture to be performed by the Company, by supplemental indenture
satisfactory to the Trustee, executed and delivered to the Trustee by the
corporation which shall have acquired such assets;

WHEREAS, Section 10.01(a) of the Indenture permits the Company and the
Trustee to enter into a supplemental indenture to the Indenture without the
consent of the holders of the Securities to evidence the succession of another
corporation to the Company and the assumption by the successor corporation of
the covenants, agreements and other obligations of the Company pursuant to
Article Eleven of the Indenture;

WHEREAS, the Company has transferred substantially all of its assets to
the Successor Company and the Successor Company desires to assume the due and
punctual payment of the principal of, and premium, if any, and interest, if
any, on all of the Securities according to their tenor, and the due and
punctual performance and observance of all of the covenants and conditions of
the Indenture to be performed by the Company and, in connection therewith, the
Trustee has agreed to enter into this Second Supplemental Indenture to reflect
such assumption;

WHEREAS, the Trustee has received an Opinion of Counsel and an
Officers’ Certificate, pursuant to Sections 10.05, 11.03 and 14.05 of the
Indenture, stating that (i) the Second Supplemental Indenture complies with the
requirements of Article Ten of the Indenture, (ii) the transfer of
substantially all of the Company’s assets to the Successor Company and the
Second Supplemental Indenture comply with the provisions of Article Eleven of
the Indenture, and (iii) all conditions precedent provided for in the Indenture
to the execution and delivery by the Trustee of the Second Supplemental
Indenture have been complied with; and

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

 

 

NOW, THEREFORE, in consideration of the above premises, each party
covenants and agrees, for the benefit of the other parties and for the equal
and ratable benefit of all of the holders of the Securities, as follows:

ARTICLE ONE

ASSUMPTION
OF COMPANY OBLIGATIONS

Section 1.1             Assumption
of Company Obligations.

The Successor Company hereby assumes the obligations of the Company
under the Indenture with respect to the due and punctual payment of the
principal of, and premium, if any, and interest, if any, on all the Securities
according to their tenor, and the due and punctual performance and observance
of all of the covenants and conditions of the Indenture to be performed by the
Company;

Section 1.2             The
Successor Company to be Substituted for the Company.

Pursuant to Section 11.02 of the Indenture and not in limitation of any
other provisions thereof, upon execution and delivery of the Second
Supplemental Indenture, the Successor Company shall succeed to and be
substituted for the Company, with the same effect as if it had been named in
the Indenture as the party of the first part and the Company shall be relieved
of any further obligation under the Indenture and the Securities.

Section 1.3             Agencies.

The Successor Company hereby confirms all agency appointments made by
the Company under the Indenture.

Section 1.4             Notices.

For purposes of Section 14.03 of the Base Indenture, the address of the
Successor Company is:

Genworth, Financial, Inc.

6620 West Broad Street

Richmond, Virginia 23230

Section 1.5             Notation
on Securities.

All of the 1.6% Notes due 2011 authenticated and delivered after the
date hereof shall bear the following notation, which may be stamped or
imprinted thereon:

“In connection with the transfer of substantially all of the Company’s
assets to Genworth Financial, Inc. and pursuant to the Second Supplemental
Indenture dated as of
                ,
2004, Genworth Financial, Inc. has assumed the due and punctual payment of the
principal of, premium, if any, and interest, on, this Note and the due and
punctual performance and observance of all of the covenants and conditions of
the Indenture to be performed by the Company.”

ARTICLE TWO

MISCELLANEOUS

Section 2.1             Definitions.

 

Except as otherwise expressly provided or unless the context otherwise
requires, all terms used herein which are defined in the Indenture shall have
the meanings assigned to them in the Indenture.

Section 2.2             Confirmation
of the Indenture.

The Indenture, as supplemented by this Second Supplemental Indenture,
is in all respects ratified and confirmed, and the Indenture, this Second
Supplemental Indenture and all indentures supplemental thereto shall be read,
taken and construed as one and the same instrument.

Section 2.3             Effective Date; Termination.

This Second Supplemental Indenture will take effect as of the date
first set forth above.

Section 2.4             Governing
Law.

This Second Supplemental Indenture shall be deemed to be a contract
made under the laws of the State of New York, and for all purposes shall be
construed in accordance with the laws of said State.

Section 2.5             Counterparts.

This Second Supplemental Indenture may be executed in any number of
counterparts each of which shall be an original, but such counterparts shall
together constitute but one and the same instrument.

Section 2.6             Trustee.

The Trustee makes no representations as to the validity or sufficiency
of this Second Supplemental Indenture. 
The recitals and statements contained in this Second Supplemental
Indenture are deemed to be those of the Company and the Successor Company and
not of the Trustee.

 

*****

[THE
REMAINDER OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK]

 

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

	
   

  	
  GE FINANCIAL ASSURANCE HOLDINGS, INC.

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
  GENWORTH FINANCIAL, INC.

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
  JPMORGAN
  CHASE BANK

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:Exhibit 4.7

 

 

 

GENWORTH FINANCIAL, INC.

THE BANK OF NEW YORK, Trustee

Indenture

Dated as of           , 2004

 

 

TABLE OF CONTENTS

 

	
  Article 1
DEFINITIONS

  
	
   

  	
   

  
	
  Section
  1.01.  Definitions

  	
   

  
	
   

  	
   

  
	
  Article 2
DESCRIPTION,
  EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES

  
	
   

  	
   

  
	
  Section
  2.01.  Forms

  	
   

  
	
  Section
  2.02.  Amount Unlimited; Issuable in Series

  	
   

  
	
  Section
  2.03.  Authentication

  	
   

  
	
  Section
  2.04.  Date and Denomination of Securities

  	
   

  
	
  Section
  2.05.  Execution of Securities

  	
   

  
	
  Section
  2.06.  Exchange and Registration of Transfer of Securities

  	
   

  
	
  Section
  2.07.  Mutilated, Destroyed, Lost or Stolen Securities

  	
   

  
	
  Section
  2.08.  Temporary Securities

  	
   

  
	
  Section
  2.09.  Cancellation of Securities Paid, etc

  	
   

  
	
  Section
  2.10.  Computation of Interest

  	
   

  
	
  Section
  2.11.  Form of Legend for Global Securities

  	
   

  
	
   

  	
   

  
	
  Article 3
REDEMPTION
  OF SECURITIES; SINKING FUNDS

  
	
   

  	
   

  
	
  Section
  3.01.  Applicability of Article

  	
   

  
	
  Section
  3.02.  Notice of Redemption; Selection of Securities

  	
   

  
	
  Section
  3.03.  Payment of Securities Called for Redemption

  	
   

  
	
  Section
  3.04.  Satisfaction of Mandatory Sinking Fund Payments with Securities

  	
   

  
	
  Section
  3.05.  Redemption of Securities for Sinking Fund

  	
   

  
	
  Section
  3.06.  Repayment at the Option of the Holder

  	
   

  
	
   

  	
   

  
	
  Article 4
PARTICULAR
  COVENANTS OF THE COMPANY

  
	
   

  	
   

  
	
  Section
  4.01.  Payment of Principal, Premium and Interest

  	
   

  
	
  Section
  4.02.  Offices for Notices and Payments, etc

  	
   

  
	
  Section
  4.03.  Appointment to Fill Vacancies in Trustee’s Office

  	
   

  
	
  Section
  4.04.  Provision as to Paying Agent

  	
   

  
	
  Section
  4.05.  Statement as to Compliance

  	
   

  
	
  Section
  4.06.  Additional Amounts

  	
   

  

 

i

 

	
  Article 5
SECURITYHOLDER
  LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE

  
	
   

  	
   

  
	
  Section
  5.01.  Securityholder Lists

  	
   

  
	
  Section
  5.02.  Reports by the Company

  	
   

  
	
  Section
  5.03.  Reports by the Trustee

  	
   

  
	
   

  	
   

  
	
  Article 6
REMEDIES
  OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT

  
	
   

  	
   

  
	
  Section
  6.01.  Events of Default

  	
   

  
	
  Section
  6.02.  Payment of Securities on Default; Suit Therefor

  	
   

  
	
  Section
  6.03.  Application of Moneys Collected by Trustee

  	
   

  
	
  Section
  6.04.  Proceedings by Securityholders

  	
   

  
	
  Section
  6.05.  Proceedings by Trustee

  	
   

  
	
  Section
  6.06.  Remedies Cumulative and Continuing

  	
   

  
	
  Section
  6.07.  Direction of Proceedings and Waiver of Defaults by Securityholders

  	
   

  
	
  Section
  6.08.  Notice of Defaults

  	
   

  
	
  Section
  6.09.  Undertaking to Pay Costs

  	
   

  
	
   

  	
   

  
	
  Article 7
CONCERNING
  THE TRUSTEE

  
	
   

  	
   

  
	
  Section
  7.01.  Duties and Responsibilities of Trustee

  	
   

  
	
  Section
  7.02.  Reliance on Documents, Opinions, etc

  	
   

  
	
  Section
  7.03.  No Responsibility for Recitals, etc

  	
   

  
	
  Section
  7.04.  Ownership of Securities

  	
   

  
	
  Section
  7.05.  Moneys to be Held in Trust

  	
   

  
	
  Section
  7.06.  Compensation and Expenses of Trustee

  	
   

  
	
  Section
  7.07.  Officers’ Certificate as Evidence

  	
   

  
	
  Section
  7.08.  Indentures Not Creating Potential Conflicting Interests for the
  Trustee

  	
   

  
	
  Section
  7.09.  Eligibility of Trustee

  	
   

  
	
  Section
  7.10.  Resignation or Removal of Trustee

  	
   

  
	
  Section
  7.11.  Acceptance by Successor Trustee

  	
   

  
	
  Section
  7.12.  Succession by Merger, etc

  	
   

  
	
  Section
  7.13.  Other Matters Concerning the Trustee

  	
   

  
	
  Section
  7.14.  Appointment of Authenticating Agent

  	
   

  
	
   

  	
   

  
	
  Article 8
CONCERNING
  THE SECURITYHOLDERS

  
	
   

  	
   

  
	
  Section
  8.01.  Action of Securityholders

  	
   

  
	
  Section
  8.02.  Proof of Execution by Securityholders

  	
   

  
	
  Section
  8.03.  Who Are Deemed Absolute Owners

  	
   

  
	
  Section
  8.04.  Company-Owned Securities Disregarded

  	
   

  

 

ii

 

	
  Section
  8.05.  Revocation of Consents; Future Holders Bound

  	
   

  
	
   

  	
   

  
	
  Article 9
SECURITYHOLDERS’
  MEETINGS

  
	
   

  	
   

  
	
  Section
  9.01.  Purposes of Meetings

  	
   

  
	
  Section
  9.02.  Call of Meetings by Trustee

  	
   

  
	
  Section
  9.03.  Call of Meetings by Company or Securityholders

  	
   

  
	
  Section
  9.04.  Qualifications for Voting

  	
   

  
	
  Section
  9.05.  Quorum; Adjourned Meetings

  	
   

  
	
  Section
  9.06.  Regulations

  	
   

  
	
  Section
  9.07.  Voting

  	
   

  
	
  Section
  9.08.  No Delay of Rights by Meeting

  	
   

  
	
   

  	
   

  
	
  Article 10
SUPPLEMENTAL
  INDENTURES

  
	
   

  	
   

  
	
  Section
  10.01.  Supplemental Indentures without Consent of Securityholders

  	
   

  
	
  Section
  10.02.  Supplemental Indentures with Consent of Securityholders

  	
   

  
	
  Section
  10.03.  Compliance with Trust Indenture Act; Effect of Supplemental
  Indentures

  	
   

  
	
  Section
  10.04.  Notation on Securities

  	
   

  
	
  Section
  10.05.  Evidence of Compliance of Supplemental Indenture to be Furnished
  Trustee

  	
   

  
	
   

  	
   

  
	
  Article 11
CONSOLIDATION,
  MERGER, SALE OR CONVEYANCE

  
	
   

  	
   

  
	
  Section
  11.01.  Company May Not Consolidate, etc., Except Under Certain Conditions

  	
   

  
	
  Section
  11.02.  Successor Corporation or Limited Liability Company to be Substituted

  	
   

  
	
  Section
  11.03.  Documents to be Given Trustee

  	
   

  
	
   

  	
   

  
	
  Article 12
SATISFACTION
  AND DISCHARGE OF INDENTURE

  
	
   

  	
   

  
	
  Section
  12.01.  Discharge of Indenture

  	
   

  
	
  Section
  12.02.  Legal Defeasance

  	
   

  
	
  Section
  12.03.  Covenant Defeasance

  	
   

  
	
  Section
  12.04.  Deposited Moneys to be Held in Trust by Trustee; Miscellaneous
  Provisions

  	
   

  
	
  Section
  12.05.  Paying Agent to Repay Moneys Held

  	
   

  
	
  Section
  12.06.  Return of Unclaimed Moneys

  	
   

  
	
  Section
  12.07.  Reinstatement

  	
   

  

 

iii

 

	
  Article 13
IMMUNITY
  OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS

  
	
   

  	
   

  
	
  Section
  13.01.  Indenture and Securities Solely Corporate Obligations

  	
   

  
	
   

  	
   

  
	
  Article 14
MISCELLANEOUS
  PROVISIONS

  
	
   

  	
   

  
	
  Section
  14.01.  Provisions Binding on Company’s Successors

  	
   

  
	
  Section
  14.02.  Official Acts by Successor Corporation

  	
   

  
	
  Section
  14.03.  Addresses for Notices, Notice to Holders, Waiver

  	
   

  
	
  Section
  14.04.  New York Contract

  	
   

  
	
  Section
  14.05.  Evidence of Compliance with Conditions Precedent

  	
   

  
	
  Section
  14.06.  Legal Holidays

  	
   

  
	
  Section
  14.07.  Securities in a Specified Currency other than Dollars

  	
   

  
	
  Section
  14.08.  Trust Indenture Act to Control

  	
   

  
	
  Section
  14.09.  Table of Contents, Headings, etc

  	
   

  
	
  Section
  14.10.  Execution in Counterparts

  	
   

  
	
  Section
  14.11.  Separability; Benefits

  	
   

  

 

iv

 

THIS
INDENTURE, dated as of
              ,
2004 between Genworth Financial, Inc., a Delaware corporation (the “Company”),
and The Bank of New York, a banking corporation duly organized and existing
under the laws of the State of New York (the “Trustee”),

 

WITNESSETH:

 

WHEREAS, the
Company has duly authorized the issue from time to time of its unsecured
debentures, notes or other evidences of indebtedness to be issued in one or
more series (the “Securities”) up to such principal amount or amounts as may
from time to time be authorized in accordance with the terms of this Indenture
and to provide, among other things, for the authentication, delivery and
administration thereof, the Company has duly authorized the execution and
delivery of this Indenture; and

 

WHEREAS, all
things necessary to make this Indenture a valid indenture and agreement
according to its terms have been done;

 

NOW,
THEREFORE:

 

In
consideration of the premises and the purchases of the Securities by the
holders thereof, the Company and the Trustee mutually covenant and agree for
the equal and proportionate benefit of the respective holders from time to time
of the Securities as follows:

 

ARTICLE 1

DEFINITIONS

 

Section 1.01. 
Definitions.  The
terms defined in this Section 1.01 (except as herein otherwise expressly
provided or unless the context otherwise requires) for all purposes of this
Indenture shall have the respective meanings specified in this Section 1.01.
All other terms used in this Indenture which are defined in the Trust Indenture
Act of 1939, as amended, or which are by reference therein defined in the
Securities Act of 1933, as amended (except as herein otherwise expressly
provided or unless the context otherwise requires), shall have the meanings
assigned to such terms in said Trust Indenture Act and in said Securities Act
as in force at the date of this Indenture as originally executed. The words
“herein,” “hereof,” and “hereunder” and other words of similar import refer to
this Indenture as a whole and not to any particular Article, Section or other
subdivision.

 

Authenticating
Agent:

 

The term
“Authenticating Agent” shall mean any Person authorized by the Trustee pursuant
to Section 7.14 to act on behalf of the Trustee to authenticate Securities.

 

 

Beneficial
Owner:

 

The term
“Beneficial Owner” shall mean a Person who is the beneficial owner of an
interest in a Global Security as reflected on the books of the Depositary or on
the books of a Person maintaining an account with such Depositary (directly as
a Depositary participant or as an indirect participant, in each case in
accordance with the rules of such Depositary).

 

Board of
Directors:

 

The term
“Board of Directors” shall mean the Board of Directors of the Company or any
Committee of such Board or specified officers and employees of the Company to
which the powers of such Board have been lawfully delegated.

 

Company:

 

The term
“Company” shall mean Genworth Financial, Inc., a Delaware corporation, until
any successor corporation or limited liability company shall have become such
pursuant to the provisions of Article Eleven, and thereafter “Company” shall
mean such successor, except as otherwise provided in Section 11.02.

 

Depositary:

 

The term
“Depositary” shall mean, with respect to Securities of any series issuable in
whole or in part in the form of one or more Global Securities, a clearing
agency registered under the Securities Exchange Act of 1934, as amended, that
is designated to act as Depositary for such Securities as contemplated by
Section 2.02.

 

Dollar:

 

The term
“Dollar” shall mean the coin or currency of the United States of America as at
the time of payment is legal tender for the payment of public and private
debts.

 

Event of
Default:

 

The term
“Event of Default” shall have the meaning specified in Section 6.01.

 

Global
Security:

 

The term
“Global Security” shall mean a Security that evidences all or part of the
Securities of any series and bears the legend set forth in Section 2.11 (or
such legend as may be specified as contemplated by Section 2.02 for such
Securities).

 

2

 

Indenture:

 

The term
“Indenture” shall mean this instrument as originally executed or as it may be
amended or supplemented from time to time as herein provided, and shall include
the form and terms of particular series of Securities established as
contemplated hereunder.

 

Interest:

 

The term
“interest,” when used with respect to a non-interest bearing Security, means
interest payable after the principal thereof has become due and payable whether
at maturity, by declaration of acceleration, by call for redemption, pursuant
to a sinking fund, or otherwise.

 

Officers’
Certificate:

 

The term
“Officers’ Certificate” shall mean a certificate signed by the President, the
Chairman or any Vice Chairman of the Board or any Vice President and by the
Treasurer or any Assistant Treasurer, the Comptroller or the Secretary or any
Assistant Secretary of the Company and delivered to the Trustee. Each such
certificate shall comply with Section 314 of the Trust Indenture Act of 1939
and include the statements provided for in Section 14.05 if and to the extent
required by the provisions of such Section.

 

Opinion of
Counsel:

 

The term
“Opinion of Counsel” shall mean an opinion in writing signed by legal counsel,
who may be an employee of or of counsel to the Company, or may be other
counsel, in any case, satisfactory to the Trustee. Each such opinion shall
comply with Section 314 of the Trust Indenture Act of 1939 and include the
statements provided for in Section 14.05 if and to the extent required by the
provisions of such Sections.

 

Original Issue
Discount Security:

 

The term
“Original Issue Discount Security” shall mean any Security which provides for
an amount less than the principal amount thereof to be due and payable upon a
declaration of acceleration of the maturity thereof pursuant to Section 6.01.

 

Overdue Rate:

 

The term
“Overdue Rate” with respect to each series of Securities shall mean the rate of
interest designated as such in the resolution of the Board of Directors or the
supplemental indenture, as the case may be, relating to such series as
contemplated by Section 2.02, or if no such rate is specified, the rate at
which such Securities shall bear interest.

 

3

 

Person:

 

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

 

Principal
Office of the Trustee:

 

The term
“principal office of the Trustee,” or other similar term, shall mean the office
of the Trustee at which at any particular time its corporate trust business
shall be principally administered.

 

Responsible
Officer:

 

The term
“Responsible Officer” when used with respect to the Trustee shall mean any
officer of the Trustee within the Corporate Trust Division-Corporate Finance
Unit (or any successor unit or department) of the Trustee located at the address
designated by reference in or pursuant to Section 14.03 hereof who has direct
responsibility for administration of the Indenture and, for purposes of
Sections 6.08 and 7.01 hereof, also includes any officer or assistant officer
of the Trustee customarily performing similar functions to whom any corporate
trust matter is referred because of his knowledge of and familiarity with the
particular subject.

 

Security or
Securities; Outstanding:

 

The terms
“Security” or “Securities” shall mean any Security or Securities, as the case
may be, authenticated and delivered under this Indenture.

 

The term
“Outstanding,” when used with reference to Securities, shall, subject to the
provisions of Section 8.04, mean, as of any particular time, all Securities
authenticated and delivered by the Trustee under this Indenture, except

 

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

 

(b)                                 Securities,
or portions thereof, for the payment or redemption of which moneys in the necessary
amount shall have been deposited in trust with the Trustee or with any paying
agent (other than the Company) or shall have been set aside and segregated in
trust by the Company (if the Company shall act as its own paying agent),
provided that if such Securities are to be redeemed prior to the maturity
thereof, notice of such redemption shall have been mailed as in Article Three
provided, or provision satisfactory to the Trustee shall have been made for
mailing such notice;

 

(c)                                  Securities
as to which defeasance has been effected pursuant to Section 12.02; and

 

4

 

(d)                                 Securities
in lieu of or in substitution for which other Securities shall have been
authenticated and delivered, or which shall have been paid, pursuant to the
terms of Section 2.07, unless proof satisfactory to the Trustee is presented
that any such Securities are held by persons in whose hands any of such
Securities is a valid, binding and legal obligation of the Company.

 

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 an Original Issue 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 6.01.

 

Securityholder:

 

The term
“Securityholder,” “holder of Securities,” or other similar terms, shall mean
any person in whose name at the time a particular Security is registered on the
books of the Company kept for that purpose in accordance with the terms hereof.

 

Significant
Subsidiary:

 

The term
“Significant Subsidiary” shall have the same meaning as the definition of that
term set forth in Rule 1-02 of Regulation S-X as promulgated by the Securities
and Exchange Commission.

 

Specified
Currency:

 

The term
“Specified Currency” shall mean the currency in which a Security is
denominated, which may include Dollars, any foreign currency or any composite
of two or more currencies.

 

Trust
Indenture Act of 1939:

 

The term
“Trust Indenture Act of 1939” shall mean the Trust Indenture Act of 1939 as it
was in force at the date of execution of this Indenture, except as provided in
Section 10.03.

 

Trustee:

 

The term
“Trustee” shall mean the corporation or association named as Trustee in this
Indenture and, subject to the provisions of Article Seven hereof,

 

5

 

shall also include its
successors and assigns as Trustee hereunder. If pursuant to the provisions of
this Indenture there shall be at any time more than one Trustee hereunder, the
term “Trustee” as used with respect to Securities of any series shall mean the
Trustee with respect to Securities of that series.

 

U.S.
Government Obligations:

 

The term “U.S.
Government Obligations” shall have the meaning specified in Section 12.02.

 

ARTICLE 2

DESCRIPTION, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES

 

Section 2.01.  Forms.  (a)  The Securities of each series shall be in substantially
such form as shall be established by or pursuant to a resolution of the Board
of Directors or in one or more indentures supplemental hereto, in each case
with such appropriate insertions, omissions, substitutions and other variations
as are required or permitted by this Indenture, and may have such legends or
endorsements placed thereon as the officers executing the same may approve
(execution thereof to be conclusive evidence of such approval) and as are not
inconsistent with the provisions of this Indenture, or as may be required to
comply with any law or with any rule or regulation made pursuant thereto or
with any rule or regulation of any stock exchange on which the Securities of
such series may be listed, or to conform to usage.

 

(b)                                 The
resolutions adopted by the Board of Directors establishing the form and terms
of the Securities of any series pursuant to Sections 2.01 and 2.02,
respectively, of this Indenture, may provide for issuance of Global Securities.
If Securities of a series are so authorized to be issued as Global Securities,
any such Global Security may provide that it shall represent that aggregate amount
of Securities from time to time endorsed thereon and may also provide that the
aggregate amount of Outstanding Securities represented thereby may from time to
time be reduced to reflect exchanges. Any endorsement of a Global Security to
reflect the amount, or any increase or decrease in the amount or changes in the
rights of holders of Securities represented thereby, shall be made in such
manner and by such person or persons as shall be specified therein.

 

(c)                                  The
Trustee’s Certificate of Authentication on all Securities shall be in
substantially the following form:

 

“This is one
of the Securities of the series designated therein described in the
within-mentioned Indenture.

 

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  THE BANK OF
  NEW YORK, as Trustee

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Authorized
  Officer

  

 

Section 2.02.  Amount
Unlimited; Issuable in Series.  The
aggregate principal amount of Securities which may be authenticated and
delivered under this Indenture is unlimited.

 

The Securities
may be issued in one or more series. There shall be established in or pursuant
to a resolution of the Board of Directors or established in one or more
indentures supplemental hereto, prior to the issuance of Securities of any
series:

 

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

 

(2)                                  any
limit upon the aggregate principal amount of the Securities of the series which
may be authenticated and delivered under this Indenture (except for Securities
authenticated and delivered upon registration of transfer of, or in exchange
for, or in lieu of, other Securities of the series pursuant to Sections 2.06,
2.07, 2.08, 3.03, 3.06 or 10.04);

 

(3)                                  the
date or dates on which the principal and premium, if any, of the Securities of
the series is payable;

 

(4)                                  the
rate or rates, or the method of determination thereof, at which the Securities
of the series shall bear interest, if any, the date or dates from which such
interest shall accrue, the interest payment dates on which such interest shall
be payable and, if other than as set forth in Section 2.04, the record dates
for the determination of holders to whom interest is payable;

 

(5)                                  in
addition to the office or agency of the Company in the Borough of Manhattan,
The City of New York required to be maintained pursuant to Section 4.02, any
other place or places where the principal of, and premium, if any, and any
interest on Securities of the series shall be payable;

 

(6)                                  the
Specified Currency of the Securities of the series;

 

(7)                                  the
currency or currencies in which payments on the Securities of the series are
payable, if other than the Specified Currency;

 

(8)                                  the
price or prices at which, the period or periods within which and the terms and
conditions upon which Securities of the series may be redeemed, in whole or in
part, at the option of the Company, pursuant to any sinking fund or otherwise;

 

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(9)                                  the
obligation, if any, of the Company to redeem, purchase or repay Securities of
the series pursuant to any sinking fund or analogous provisions or at the
option of a holder thereof and the price at which or process by which and the
period or periods within which and the terms and conditions upon which
Securities of the series shall be redeemed, purchased or repaid, in whole or in
part, pursuant to such obligation;

 

(10)                            if
other than denominations of $1,000 and any integral multiple thereof, the
denominations in which Securities of the series shall be issuable;

 

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

 

(12)                            if
the principal of or interest on the Securities of the series are to be payable,
at the election of the Company or a holder thereof, in a coin or currency other
than the Specified Currency, the period or periods within which, and the terms
and conditions upon which, such election may be made;

 

(13)                            if
the amount of payments of principal of and interest on the Securities of the
series may be determined with reference to an index based on a coin or currency
other than the Specified Currency, the manner in which such amounts shall be
determined;

 

(14)                            any
Events of Default with respect to the Securities of the series, if not set
forth herein;

 

(15)                            if
other than the rate of interest stated in the title of the Securities of the
series, the applicable Overdue Rate;

 

(16)                            in
the case of any series of non-interest bearing Securities, the applicable dates
for purposes of clause (a) of Section 5.01;

 

(17)                            if
other than The Bank of New York is to act as Trustee for the Securities of the
series, the name and Principal Office of such Trustee;

 

(18)                            if
either or both of Sections 12.02 and 12.03 do not apply to any Securities of
the series;

 

(19)                            if
applicable, that any Securities of the series shall be issuable in whole or in
part in the form of one or more Global Securities and, in such case, the name
of the respective Depositaries for such Global Securities, the form of any
legend or legends which shall be borne by any such Global Security in addition
to or in lieu of that set forth in Section 

 

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2.11 and any circumstances
in addition to or in lieu of those set forth in clause (2) of Section 2.06 in
which any such Global Security may be exchanged in whole or in part for
Securities registered, and any transfer of such Global Security in whole or in
part may be registered, in the name or names of Persons other than the
Depositary for such Global Security or a nominee thereof;

 

(20)                            any
addition to the covenants set forth in Article Four which applies to Securities
of the series and whether any such covenant shall be subject to covenant
defeasance under Section 12.03; and

 

(21)                            any
other terms of the series (which terms shall not be inconsistent with the
provisions of this Indenture).

 

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

 

Section 2.03. 
Authentication.  At
any time and from time to time after the execution and delivery of this
Indenture, the Company may deliver Securities of any series executed by the
Company to the Trustee for authentication. Except as otherwise provided in this
Article Two, the Trustee shall thereupon authenticate and deliver said
Securities to or upon the written order of the Company, signed by its
President, its Chairman or any Vice Chairman of the Board or one of its Vice
Presidents and by its Treasurer, its Controller or its Secretary. In
authenticating such Securities, and accepting the additional responsibilities
under this Indenture in relation to such Securities, the Trustee shall be
entitled to receive and (subject to Section 7.01) shall be fully protected in
relying upon:

 

(1)                                  a
copy of any resolution or resolutions of the Board of Directors relating
thereto and, if applicable, an appropriate record of any action taken pursuant
to such resolution, in each case certified by the Secretary or an Assistant
Secretary of the Company;

 

(2)                                  an
executed supplemental indenture, if any, relating thereto;

 

(3)                                  an
Officers’ Certificate prepared in accordance with Section 14.05 which shall
also state to the best knowledge of the signers of such Certificate that no
Event of Default with respect to any series of Securities shall have occurred
and be continuing; and

 

(4)                                  an
Opinion of Counsel prepared in accordance with Section 14.05 to the effect

 

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(a)                                  that
the form of such Securities has been established by or pursuant to a resolution
of the Board of Directors or by a supplemental indenture as permitted by
Section 2.01 in conformity with the provisions of this Indenture;

 

(b)                                 that
the terms of such Securities have been established by or pursuant to a
resolution of the Board of Directors or by a supplemental indenture as
permitted by Section 2.02 in conformity with the provisions of this Indenture;

 

(c)                                  that
such Securities, when authenticated and delivered by the Trustee and issued by
the Company in the manner and subject to any conditions specified in such Opinion
of Counsel, will constitute legal, valid and binding obligations of the
Company, enforceable in accordance with their terms, subject to bankruptcy,
insolvency, reorganization and other laws of general applicability relating to
or affecting the enforcement of creditors’ rights and to general equity
principles;

 

(d)                                 that
the Company has the corporate power to issue such Securities, and has duly
taken all necessary corporate action with respect to such issuance;

 

(e)                                  that
the issuance of such Securities will not contravene the organizational
certificate or by-laws of the Company or result in any violation of any of the
terms or provisions of any law or regulation or of any indenture, mortgage or
other agreement known to such Counsel by which the Company or any of its
Subsidiaries is bound; and

 

(f)                                    that
all laws and requirements in respect of the execution and delivery by the
Company of such Securities and the related supplemental indenture, if any, have
been complied with and that authentication and delivery of such Securities and
the execution and delivery of the related supplemental indenture, if any, by
the Trustee will not violate the terms of this Indenture.

 

The Trustee
shall have the right to decline to authenticate and deliver or cause to be
authenticated and delivered any Securities under this Section 2.03 if the
Trustee, being advised by counsel, determines that such action may not lawfully
be taken or if the Trustee in good faith by its board of directors or trustees,
executive committee, or a trust committee of directors or trustees and/or vice
presidents shall determine that such action would expose the Trustee to
personal liability to existing Securityholders.

 

Section 2.04.  Date and
Denomination of Securities.  The
Securities of each series shall be issuable in registered form without coupons
in such denominations as shall be specified as contemplated by Section 2.02. In
the absence of any such specification with respect to the Securities of any
series, the Securities of such series shall be issuable in denominations of
$1,000 and any multiple of $1,000. Securities of each series shall be numbered,
lettered or otherwise distinguished in such manner or in accordance with such
plan as the

 

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officers of the Company
executing the same may determine with the approval of the Trustee.

 

Every Security
shall be dated the date of its authentication.

 

The person in
whose name any Security of a particular series is registered at the close of
business on any record date (as hereinafter defined) with respect to any
interest payment date for such series shall be entitled to receive the interest
payable on such interest payment date notwithstanding the cancellation of such
Security upon any registration of transfer or exchange subsequent to the record
date and prior to such interest payment date; provided,
however, that if and to the extent that the Company shall default in
the payment of the interest due on such interest payment date, such defaulted
interest shall be paid to the persons in whose names Outstanding Securities of
such series are registered on a subsequent record date established by notice
given by mail by or on behalf of the Company to the holders of such Securities
not less than 15 days preceding such subsequent record date, such record date
to be not less than five days preceding the date of payment of such defaulted
interest. Except as otherwise specified as contemplated by Section 2.02 for
Securities of a particular series, the term “record date” as used in this
Section 2.04 with respect to any regular interest payment date, shall mean, the
last day of the calendar month preceding such interest payment date if such
interest payment date is the fifteenth day of such calendar month, and shall
mean the fifteenth day of the calendar month preceding such interest payment
date if such interest payment date is the first day of a calendar month,
whether or not such day shall be a day on which banking institutions in The
City of New York are authorized or required by law or executive order to close
or remain closed.

 

Interest on
the Securities may at the option of the Company be paid by check mailed to the
persons entitled thereto at their respective addresses as such appear on the
registry books of the Company.

 

Section 2.05.  Execution of
Securities.  The Securities
shall be signed in the name and on behalf of the Company by the manual or
facsimile signature of its President, its Chairman of the Board or Chief
Financial Officer and its Treasurer or Assistant Treasurer, its Secretary or
Assistant Secretary, under its corporate seal (which may be printed, engraved
or otherwise reproduced thereon, by facsimile or otherwise). Only such
Securities as shall bear thereon a certificate of authentication substantially in
the form herein recited, executed by the Trustee by the manual signature of an
authorized officer, shall be entitled to the benefits of this Indenture or be
valid or obligatory for any purpose. Such certificate by the Trustee upon any
Security executed by the Company shall be conclusive evidence that the Security
so authenticated has been duly authenticated and delivered hereunder and that
the holder is entitled to the benefits of this Indenture.

 

In case any
officer of the Company who shall have signed any of the Securities shall cease
to be such officer before the Securities so signed shall have

 

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been authenticated and
delivered by the Trustee, or disposed of by the Company, such Securities
nevertheless may be authenticated and delivered or disposed of as though the
person who signed such Securities had not ceased to be such officer of the
Company; and any Security may be signed on behalf of the Company by such
persons as, at the actual date of the execution of such Security, shall be the
proper officers of the Company, although at the date of the execution of this
Indenture any such person was not such an officer.

 

Section 2.06.  Exchange and
Registration of Transfer of Securities. 
Securities of any series may be exchanged for a like
aggregate principal amount of Securities of the same series of other authorized
denominations. Securities to be exchanged shall be surrendered, at the option
of the holders thereof, either at the office or agency designated and
maintained by the Company for such purpose in the Borough of Manhattan, The
City of New York, in accordance with the provisions of Section 4.02 or at any
of such other offices or agencies as may be designated and maintained by the
Company for such purpose in accordance with the provisions of Section 4.02, and
the Company shall execute and register and the Trustee shall authenticate and
deliver in exchange therefor the Security or Securities which the
Securityholder making the exchange shall be entitled to receive. Each person
designated by the Company pursuant to the provisions of Section 4.02 as a
person authorized to register and register transfer of the Securities is
sometimes herein referred to as a “Security registrar”.

 

The Company
shall keep, at each such office or agency, a register for each series of
Securities issued hereunder (the registers of all Security registrars being
herein sometimes collectively referred to as the “Security register” or the
“registry books of the Company”) in which, subject to such reasonable
regulations as it may prescribe, the Company shall register Securities and
shall register the transfer of Securities as in this Article Two provided. The
Security register shall be in written form or in any other form capable of being
converted into written form within a reasonable time. At all reasonable times
the Security registrar shall be open for inspection by the Trustee and any
Security registrar other than the Trustee. Upon due presentment for
registration or registration of transfer of any Security of any series at any
designated office or agency, the Company shall execute and register and the
Trustee shall authenticate and deliver in the name of the transferee or
transferees a new Security or Securities of the same series for an equal
aggregate principal amount. Registration or registration of transfer of any
Security by any Security registrar in the registry books of the Company
maintained by such Security registrar, and delivery of such Security, duly
authenticated, shall be deemed to complete the registration or registration of
transfer of such Security.

 

No person
shall at any time be designated as or act as a Security registrar unless such
person is at such time empowered under applicable law to act as such under and
to the extent required by applicable law and regulations.

 

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All Securities
presented for registration of transfer or for exchange, redemption or payment
shall (if so required by the Company or the Trustee) be duly endorsed by, or be
accompanied by a written instrument or instruments of transfer or exchange in
form satisfactory to the Company and the Trustee duly executed by, the holder
or his attorney duly authorized in writing.

 

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

 

The Company
shall not be required to exchange or register a transfer of (a) any Securities
of any series for the period of 15 days next preceding the selection of
Securities of that series to be redeemed and thereafter until the date of the
mailing of a notice of redemption of Securities of that series selected for
redemption, or (b) any Securities selected, called or being called for
redemption in whole or in part except, in the case of any Security to be
redeemed in part, the portion thereof not so to be redeemed.

 

The provisions
of clauses (1), (2), (3), (4), (5), (6) and (7) below shall apply only to
Global Securities:

 

(1)                                  Each
Global Security authenticated under this Indenture shall be registered in the
name of the Depositary designated for such Global Security or a nominee thereof
and delivered to such Depositary or nominee thereof or custodian therefor, and
each such Global Security shall constitute a single Security for all purposes
under this Indenture.

 

(2)                                  Notwithstanding
any other provision in this Indenture, no Global Security may be exchanged in
whole or in part for Securities registered, and no transfer of a Global
Security in whole or in part may be registered, in the name of any Person other
than the Depositary for such Global Security or a nominee thereof unless (A)
such Depositary (i) has notified the Company that it is unwilling or unable to
continue its services as Depositary for such Global Security and no successor
Depositary has been appointed within 90 days after such notice or (ii) ceases
to be a “clearing agency” registered under Section 17A of the Securities
Exchange Act of 1934 when the Depositary is required to be so registered to act
as the Depositary and so notifies the Company, and no successor Depositary has
been appointed within 90 days after such notice, (B) to the extent permitted by
the Depositary, the Company determines that the Global Securities shall be
exchangeable for definitive Securities or (C) a Beneficial Owner requests to
exchange such Beneficial Owner’s interest in the Global Securities for
definitive Securities.

 

(3)                                  Subject
to clause (2) above, any exchange of a Global Security for other Securities may
be made in whole or in part, and all

 

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Securities
issued in exchange for a Global Security or any portion thereof shall be
registered in such names as the Depositary for such Global Security shall
direct.

 

(4)                                  Every
Security authenticated and delivered upon registration of transfer of, or in
exchange for or in lieu of, a Global Security or any portion thereof shall be
authenticated and delivered in the form of, and shall be, a Global Security,
unless such Security is registered in the name of a Person other than the
Depositary for such Global Security or a nominee thereof.

 

(5)                                  Subject
to the provisions of clause (7) below, the registered Holder may grant proxies
and otherwise authorize any Person, including Agent Members (as defined below
in clause (7)) and persons that may hold interests through Agent Members, to
take any action which a Holder is entitled to take under this Indenture or the
Securities.

 

(6)                                  In
the event of the occurrence of any of the events specified in clause (2) above,
the Company will promptly make available to the Trustee a reasonable supply of
certificated Securities in definitive, fully registered form, without interest
coupons.

 

(7)                                  Neither
any members of, or participants in, the Depositary (collectively, the “Agent
Members”) nor any other Persons on whose behalf Agent Members may act shall
have any rights under this Indenture with respect to any Global Security
registered in the name of the Depositary or any nominee thereof, or under any
such Global Security, and the Depositary or such nominee, as the case may be,
may be treated by the Company, the Trustee and any agent of the Company or the
Trustee as the absolute owner and holder of such Global Security for all
purposes whatsoever. Notwithstanding the foregoing, nothing herein shall
prevent the Company or the Trustee or any agent of the Company or the Trustee
from giving effect to any written certification, proxy or other authorization
furnished by the Depositary or such nominee, as the case may be, or impair, as
between the Depositary, its Agent Members and any other person on whose behalf
an Agent Member may act, the operation of customary practices of such Persons
governing the exercise of the rights of a holder of any Security.

 

Section 2.07.  Mutilated,
Destroyed, Lost or Stolen Securities.  In
case any temporary or definitive Security shall become mutilated or be
destroyed, lost or stolen, the Company in the case of a mutilated Security
shall, and in the case of a lost, stolen or destroyed Security may in its
discretion, execute and, upon the written request or authorization of any
officer of the Company, the Trustee shall authenticate and deliver, a new
Security of the same series, bearing a number not contemporaneously
Outstanding, in exchange and substitution for the mutilated

 

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Security, or in lieu of and in
substitution for the Security so destroyed, lost or stolen. In every case the
applicant for a substituted Security shall furnish to the Company and to the
Trustee such security or indemnity as may be required by them to save each of
them harmless, and, in every case of destruction, loss or theft, the applicant
shall also furnish the Company and to the Trustee evidence to their
satisfaction of the destruction, loss or theft of such Security and the
ownership thereof.

 

Upon the
issuance of any substituted Security, the Company may require the payment of a
sum sufficient to cover any tax or other governmental charge that may be
imposed in relation thereto and any other expenses connected therewith. In case
any Security which has matured or is about to mature shall become mutilated or
be destroyed, lost or stolen, the Company may, instead of issuing a substituted
Security, pay or authorize the payment of the same (without surrender thereof
except in the case of a mutilated Security) if the applicant for such payment
shall furnish to the Company and to the Trustee such security or indemnity as
may be required by them to save each of them harmless and, in case of
destruction, loss or theft, evidence satisfactory to the Company and the
Trustee of the destruction, loss or theft of such Security and the ownership
thereof.

 

Every
substituted Security issued pursuant to the provisions of this Section 2.07 by
virtue of the fact that any Security is destroyed, lost or stolen shall
constitute an additional contractual obligation of the Company, whether or not
the destroyed, lost or stolen Security shall be found at any time, and shall be
entitled to all the benefits of this Indenture equally and proportionately with
any and all other Securities of the same series duly issued hereunder. All Securities
shall be held and owned upon the express condition that the foregoing
provisions are exclusive with respect to the replacement or payment of
mutilated, destroyed, lost or stolen Securities and shall preclude (to the
extent lawful) any and all other rights or remedies with respect to the
replacement or payment of negotiable instruments or other securities without
their surrender.

 

Section 2.08.  Temporary
Securities.  Pending the
preparation of definitive Securities of any series the Company may execute and
the Trustee shall authenticate and deliver temporary Securities (printed,
lithographed or typewritten). Temporary Securities shall be issuable in any
authorized denomination and substantially in the form of the definitive
Securities in lieu of which they are issued, but with such omissions,
insertions and variations as may be appropriate for temporary Securities, all
as may be determined by the Company. Every such temporary Security shall be
authenticated by the Trustee upon the same conditions and in substantially the
same manner, and with the same effect, as the definitive Securities in lieu of
which they are issued. Without unreasonable delay the Company will execute and
deliver to the Trustee definitive Securities of such series and thereupon any or
all temporary Securities of such series may be surrendered in exchange
therefor, at the option of the holders thereof, either at the office or agency
to be designated and maintained by the

 

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Company for such purpose in the
Borough of Manhattan, The City of New York, in accordance with the provisions
of Section 4.02 or at any of such other offices or agencies as may be
designated and maintained by the Company for such purpose in accordance with
the provisions of Section 4.02, and the Trustee shall authenticate and deliver
in exchange for such temporary Securities an equal aggregate principal amount
of definitive Securities of the same series. Such exchange shall be made by the
Company at its own expense and without any charge therefor. Until so exchanged,
the temporary Securities of any series shall in all respects be entitled to the
same benefits under this Indenture as definitive Securities of the same series
authenticated and delivered hereunder.

 

Section 2.09.  Cancellation
of Securities Paid, etc.  All
Securities surrendered for the purpose of payment, redemption, repayment,
exchange or registration of transfer or for credit against any sinking fund
shall, if surrendered to the Company, any Security registrar, any paying agent
or any other agent of the Company or of the Trustee, be delivered to the
Trustee and promptly cancelled by it, or, if surrendered to the Trustee, shall
be promptly cancelled by it, and no Securities shall be issued in lieu thereof except
as expressly permitted by any of the provisions of this Indenture. The Trustee
may dispose of cancelled Securities in accordance with its customary procedures
and deliver a certificate of such disposition to the Company or, at the written
request of the Company, shall deliver cancelled Securities to the Company. If
the Company shall acquire any of the Securities, however, such acquisition
shall not operate as a redemption or satisfaction of the indebtedness
represented by such Securities unless and until the same are delivered to the
Trustee for cancellation.

 

Section 2.10.  Computation
of Interest.  Except as
otherwise specified as contemplated by Section 2.02 for Securities of any
series, interest on the Securities of each series shall be computed on the
basis of a 360-day year of twelve 30-day months.

 

Section 2.11.  Form of
Legend for Global Securities. 
Unless otherwise specified as contemplated by Section 2.02 for the
Securities evidenced thereby, every Global Security authenticated and delivered
hereunder shall bear a legend in substantially the following form (or such
other form as a securities exchange or Depositary may request or require):

 

THIS SENIOR
NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A
NOMINEE OF THE DEPOSITORY TRUST COMPANY. THIS SENIOR NOTE IS EXCHANGEABLE FOR
SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY TRUST
COMPANY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
INDENTURE AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST
COMPANY TO A

 

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NOMINEE OF THE DEPOSITORY TRUST
COMPANY OR BY A NOMINEE OF THE DEPOSITORY TRUST COMPANY TO THE DEPOSITORY TRUST
COMPANY OR ANOTHER NOMINEE OF THE DEPOSITORY TRUST COMPANY.

 

UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
HAS AN INTEREST HEREIN.

 

ARTICLE 3

REDEMPTION OF SECURITIES; SINKING FUNDS

 

Section 3.01.  Applicability
of Article.  The provisions
of this Article shall be applicable, as the case may be, (i) to the Securities
of any series which are redeemable before their maturity and (ii) to any
sinking fund for the retirement of Securities of any series, in either case
except as otherwise specified as contemplated by Section 2.02 for Securities of
such series.

 

The minimum
amount of any sinking fund payment provided for by the terms of Securities of
any series is herein referred to as a “mandatory sinking fund payment”, and any
payment in excess of such minimum amount provided for by the terms of
Securities of any series is herein referred to as an “optional sinking fund
payment”.

 

Section 3.02.  Notice of
Redemption; Selection of Securities.  In
case the Company shall desire to exercise any right to redeem all, or, as the
case may be, any part of, the Securities of any series in accordance with their
terms, it shall fix a date for redemption and shall mail a notice of such
redemption at least 30 and not more than 60 days prior to the date fixed for
redemption to the holders of Securities of such series so to be redeemed as a
whole or in part at their last addresses as the same appear on the registry
books of the Company and to the Trustee, except as the resolutions adopted by
the Board of Directors to establish the terms of any series of Securities may
otherwise provide. Such mailing shall be by first class mail. The notice if
mailed in the manner herein provided shall be conclusively presumed to have
been duly given, whether or not the holder receives such notice. In any case,
failure to give such notice by mail or any defect

 

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in the notice to the holder of
any Security of a series designated for redemption as a whole or in part shall
not affect the validity of the proceedings for the redemption of any other
Security of such series.

 

Each such
notice of redemption shall specify the date fixed for redemption, the
redemption price at which the Securities of such series are to be redeemed (or
if not then ascertainable, the manner of calculation thereof), the place or
places of payment, that payment will be made upon presentation and surrender of
such Securities, that any interest accrued to the date fixed for redemption
will be paid as specified in said notice, and that on and after said date any
interest thereon or on the portions thereof to be redeemed will cease to
accrue. Where the redemption price is not ascertainable at the time the notice
of redemption is given as aforesaid, the Company shall notify the Trustee of
said redemption price promptly after the calculation thereof. If less than all
the Securities of a series are to be redeemed the notice of redemption shall
specify the number or numbers of the Securities of that series to be redeemed.
In case any Security of a series is to be redeemed in part only, the notice of
redemption shall state the portion of the principal amount thereof to be
redeemed and shall state that on and after the date fixed for redemption, upon
surrender of such Security, a new Security or Securities of that series in
principal amount equal to the unredeemed portion thereof will be issued.

 

Prior to the
redemption date specified in the notice of redemption given as provided in this
Section 3.02, the Company will deposit with the Trustee or with one or more
paying agents (or if the Company is acting as its own paying agent will
segregate and hold in trust as provided in Section 4.04) an amount of money
sufficient to redeem on the redemption date all the Securities or portions
thereof so called for redemption, together with accrued interest to the date
fixed for redemption. If less than all the Securities of a series are to be
redeemed the Company will give the Trustee notice not less than 60 days (or
such shorter period as may be acceptable to the Trustee) prior to the
redemption date as to the aggregate principal amount of Securities of such
series to be redeemed and the Trustee shall select or cause to be selected, in
such manner as in its sole discretion it shall deem appropriate and fair, the
Securities of that series or portions thereof to be redeemed. Securities of a
series may be redeemed in part only in multiples of the smallest authorized
denomination of that series.

 

Section 3.03.  Payment of
Securities Called for Redemption.  If
notice of redemption has been given as provided in Section 3.02 or Section
3.05, the Securities or portions of Securities of the series with respect to
which such notice has been given shall become due and payable on the date and
at the place or places stated in such notice at the applicable redemption
price, together with any interest accrued to the date fixed for redemption, and
on and after said date (unless the Company shall default in the payment of such
Securities or portions of such Securities, together with any interest accrued
to said date) any interest on the Securities of such series or portions of
Securities of such series so called for

 

18

 

redemption shall cease to
accrue. On presentation and surrender of such Securities at a place of payment
in said notice specified, the said Securities or the specified portions thereof
shall be paid and redeemed by the Company at the applicable redemption price,
together with any interest accrued thereon to the date fixed for redemption; provided, however, that any regularly
scheduled installment of interest becoming due on or prior to the date fixed
for redemption shall be payable to holders of such Securities registered as
such on the relevant record date according to their terms.

 

Upon
presentation of any Security redeemed in part only, the Company shall execute
and the Trustee shall authenticate and deliver to the holder thereof, at the
expense of the Company, a new Security or Securities of the same series, of
authorized denominations, in aggregate principal amount equal to the unredeemed
portion of the Security so presented.

 

Section 3.04.  Satisfaction
of Mandatory Sinking Fund Payments with Securities.  In lieu of making all or any part of any mandatory
sinking fund payment with respect to any Securities of a series in cash, the
Company may at its option (a) deliver to the Trustee Securities of that series
theretofore purchased or otherwise acquired by the Company, or (b) receive
credit for the principal amount of Securities of that series which have been
redeemed either at the election of the Company pursuant to the terms of such
Securities or through the application of permitted optional sinking fund
payments pursuant to the terms of such Securities; provided that such Securities have not been previously so
credited. Such Securities shall be received and credited for such purpose by
the Trustee at the redemption price specified in such Securities for redemption
through operation of the sinking fund and the amount of such mandatory sinking
fund payment shall be reduced accordingly.

 

Section 3.05.  Redemption
of Securities for Sinking Fund.  Not
less than 60 days prior to each sinking fund payment date for any series of
Securities, the Company will deliver to the Trustee a certificate signed by the
Treasurer or any Assistant Treasurer of the Company specifying the amount of
the next ensuing 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 (which cash may be deposited with the Trustee or with one or more
paying agents, or if the Company is acting as its own paying agent segregated
and held in trust as provided in Section 4.04) and the portion thereof, if any,
which is to be satisfied by delivering and crediting Securities of that series
pursuant to Section 3.04 (which Securities, if not theretofore delivered, will
accompany such certificate) and whether the Company intends to exercise its
right to make a permitted optional sinking fund payment with respect to such
series. Such certificate shall also state that no Event of Default has occurred
and is continuing with respect to such series. Such certificate shall be
irrevocable and upon its delivery the Company shall be obligated to make the
cash payment or payments therein referred to, if any, on or before the next
succeeding sinking fund payment date. In

 

19

 

the case of the failure of the
Company to deliver such certificate (or to deliver the Securities specified in
this paragraph), the sinking fund payment due on the next succeeding sinking
fund payment date for that series shall be paid entirely in cash and shall be
sufficient to redeem the principal amount of such Securities subject to a
mandatory sinking fund payment without the option to deliver or credit
Securities as provided in Section 3.04 and without the right to make any
optional sinking fund payment, if any, with respect to such series.

 

Any sinking
fund payment or payments (mandatory or optional) made in cash plus any unused
balance of any preceding sinking fund payments made in cash which shall equal
or exceed $100,000 or the equivalent amount in the Specified Currency (if other
than Dollars) (or a lesser sum if the Company shall so request or determine)
with respect to the Securities of any particular series shall be applied by the
Trustee (or by the Company if the Company is acting as its own paying agent) on
the sinking fund payment date on which such payment is made (or, if such
payment is made before a sinking fund payment date, on the next sinking fund
payment date following the date of such payment) to the redemption of such
Securities at the redemption price specified in such Securities for operation
of the sinking fund together with accrued interest, if any, to the date fixed
for redemption. Any sinking fund moneys not so applied or allocated by the Trustee
(or by the Company if the Company is acting as its own paying agent) to the
redemption of Securities shall be added to the next cash sinking fund payment
received by the Trustee (or if the Company is acting as its own paying agent,
segregated and held in trust as provided in Section 4.04) for such series and,
together with such payment (or such amount so segregated), shall be applied in
accordance with the provisions of this Section 3.05. Any and all sinking fund
moneys with respect to the Securities of any particular series held by the
Trustee (or if the Company is acting as its own paying agent, segregated and
held in trust as provided in Section 4.04) on the last sinking fund payment
date with respect to Securities of such series and not held for the payment or
redemption of particular Securities of such series shall be applied by the
Trustee (or by the Company if the Company is acting as its own paying agent),
together with other moneys, if necessary, to be deposited (or segregated)
sufficient for the purpose, to the payment of the principal of the Securities
of that series at maturity.

 

The Trustee
shall select or cause to be selected the Securities to be redeemed upon such
sinking fund payment date in the manner specified in the last paragraph of Section
3.02 and the Company shall cause notice of the redemption thereof to be given
in the manner provided in Section 3.02 except that the notice of redemption
shall also state that the Securities are being redeemed by operation of the
sinking fund. Such notice having been duly given, the redemption of such
Securities shall be made upon the terms and in the manner stated in Section
3.03.

 

On or before
each sinking fund payment date, the Company shall pay to the Trustee in cash
(or if the Company is acting as its own paying agent will segregate and hold in
trust as provided in Section 4.04) a sum equal to any interest

 

20

 

accrued to the date fixed for
redemption of Securities or portions thereof to be redeemed on such sinking
fund payment date pursuant to this Section.

 

Neither the
Trustee nor the Company shall redeem any Securities of a series with sinking
fund moneys or mail any notice of redemption of such Securities by operation of
the sinking fund for such series during the continuance of a default in payment
of interest, if any, on such Securities or of any Event of Default (other than
an Event of Default occurring as a consequence of this paragraph) with respect
to such Securities, except that if the notice of redemption of any such
Securities shall theretofore have been mailed in accordance with the provisions
hereof, the Trustee (or the Company if the Company is acting as its own paying
agent) shall redeem such Securities if cash sufficient for that purpose shall
be deposited with the Trustee (or segregated by the Company) for that purpose
in accordance with the terms of this Article. Except as aforesaid, any moneys
in the sinking fund for such series at the time when any such default or Event
of Default shall occur and any moneys thereafter paid into such sinking fund
shall, during the continuance of such default or Event of Default, be held as
security for the payment of such Securities; provided,
however, that in case such default or Event of Default shall have
been cured or waived as provided herein, such moneys shall thereafter be
applied on the next sinking fund payment date for such Securities on which such
moneys may be applied pursuant to the provisions of this Section.

 

Section 3.06.  Repayment at
the Option of the Holder.  Any
series of Securities may be made, by provision contained in or established
pursuant to a supplemental indenture or a resolution of the Board of Directors
pursuant to Section 2.02 hereof, subject to repayment, in whole or in part, at
the option of the holder on a date or dates specified prior to maturity, at a
price equal to 100% of the principal amount thereof, together with accrued
interest to the date of repayment, on such notice as may be required, provided,
however, that the holder of a Security may only elect partial repayment in an
amount that will result in the portion of such Security that will remain
Outstanding after such repayment constituting an authorized denomination, or
combination thereof, of such Securities.

 

ARTICLE 4

PARTICULAR COVENANTS OF THE COMPANY

 

Section 4.01.  Payment
of Principal, Premium and Interest. 
The Company covenants and agrees for the benefit of each series of
Securities that it will duly and punctually pay or cause to be paid the
principal of, premium, if any, and interest, if any, on each of the Securities
of that series at the places, at the respective times and in the manner
provided in such Securities.

 

21

 

Section 4.02.  Offices for
Notices and Payments, etc.  As
long as any of the Securities of a series remain Outstanding, the Company will
designate and maintain in the Borough of Manhattan, The City of New York, an
office or agency where the Securities of that series may be presented for payment,
an office or agency where the Securities of that series may be presented for
registration of transfer and for exchange as in this Indenture provided and an
office or agency where notices and demands to or upon the Company in respect of
the Securities of that series or of this Indenture may be served. In addition
to such office or offices or agency or agencies, the Company may from time to
time designate and maintain one or more additional offices or agencies within
or outside the Borough of Manhattan, The City of New York, where the Securities
of that series may be presented for registration of transfer or for exchange,
and the Company may from time to time rescind such designation, as it may deem
desirable or expedient. The Company will give to the Trustee written notice of
the location of each such office or agency and of any change of location
thereof. In case the Company shall fail to maintain any such office or agency
in the Borough of Manhattan, The City of New York, or shall fail to give such notice
of the location or of any change in the location thereof, presentations and
demands may be made and notices may be served at the principal office of the
Trustee.

 

The Company
hereby initially designates the office of the Trustee located at 101 Barclay
Street, 8W, New York, New York 10286 as the office or agency of the Company in
the Borough of Manhattan, The City of New York, where the Securities of each
series may be presented for payment, for registration of transfer and for
exchange as in this Indenture provided and where notices and demands to or upon
the Company in respect of the Securities of each series or of this Indenture
may be served.

 

Section 4.03.  Appointment
to Fill Vacancies in Trustee’s Office.  The
Company, whenever necessary to avoid or fill a vacancy in the office of
Trustee, will appoint, in the manner provided in Section 7.10, a successor
trustee, so that there shall at all times be a Trustee with respect to each
series of Securities hereunder.

 

Section 4.04.  Provision as
to Paying Agent.  (a) If the
Company shall appoint a paying agent other than the Trustee with respect to the
Securities of any series, it will cause such paying agent to execute and
deliver to the Trustee an instrument in which such agent shall agree with the
Trustee, subject to the provisions of this Section 4.04:

 

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

 

22

 

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

 

(3)                                  that
at any time during the continuance of any failure by the Company (or by any
other obligor on the Securities of such series) specified in the preceding
paragraph (2), such payment agent will, upon the written request of the
Trustee, forthwith pay to the Trustee all sums so held in trust by it.

 

(b)                                 If
the Company shall act as its own paying agent with respect to the Securities of
any series, it will, on or before each due date of the principal of, premium,
if any, or interest, if any, on the Securities of such series, set aside,
segregate and hold in trust for the benefit of the holders of such Securities a
sum sufficient to pay such principal, premium, if any, or interest, if any, so
becoming due and will promptly notify the Trustee of any failure to take such
action and of any failure by the Company (or by any other obligor on the
Securities of such series) to make any payment of the principal of, premium, if
any, or interest, if any, on the Securities of such series when the same shall
become due and payable.

 

(c)                                  Anything
in this Section 4.04 to the contrary notwithstanding, the Company may, at any
time, for the purpose of obtaining a satisfaction and discharge of this
Indenture, or for any other reason, pay or cause to be paid to the Trustee all
sums held in trust by it, or any paying agent hereunder, as required by this
Section, such sums to be held by the Trustee upon the trusts herein contained.

 

(d)                                 Anything
in this Section 4.04 to the contrary notwithstanding, the agreement to hold
sums in trust as provided in this Section 4.04 is subject to Sections 12.05 and
12.06.

 

(e)                                  Whenever
the Company shall have one or more paying agents with respect to the Securities
of any series, it will, prior to each due date of the principal of, premium, if
any, or interest, if any, on the Securities of such series, deposit with a
designated paying agent a sum sufficient to pay the principal, premium, if any,
and interest, if any, so becoming due, such sum to be held in trust for the
benefit of the persons entitled to such principal, premium, if any, or
interest, if any, and (unless such paying agent is the Trustee) the Company
will promptly notify the Trustee of any failure so to act.

 

Section 4.05.  Statement as
to Compliance.  The Company
will furnish to the Trustee on or before June 1, in each year (beginning with
the first June 1 following the first date of issuance of any Securities under
this Indenture) the brief certificate (which need not comply with Section
14.05) from the principal executive, financial or accounting officer of the
Company required by Section 314(a)(4) of the Trust Indenture Act of 1939.

 

23

 

Section 4.06.  Additional
Amounts.  If the Securities
of a series provide for the payment of additional amounts, at least 10 days
prior to the first interest payment date with respect to that series of
Securities and at least 10 days prior to each date of payment of principal of,
premium, if any, or interest on the Securities of that series if there has been
a change with respect to the matters set forth in the below-mentioned Officers’
Certificate, the Company shall furnish to the Trustee and the principal paying
agent, if other than the Trustee, an Officers’ Certificate instructing the
Trustee and such paying agent whether such payment of principal of or interest
on the Securities of that series shall be made to holders of the Securities of
that series without withholding or deduction for or on account of any tax,
assessment or other governmental charge described in the Securities of that
series. If any such withholding or deduction shall be required, then such
Officers’ Certificate shall specify by country the amount, if any, required to
be withheld or deducted on such payments to such holders and shall certify the
fact that additional amounts will be payable and the amounts so payable to each
holder, and the Company shall pay to the Trustee or such paying agent the
additional amounts required to be paid by this Section. The Company covenants
to indemnify the Trustee and any paying agent for, and to hold them harmless
against, any loss, liability or expense reasonably incurred without negligence
or bad faith on their part arising out of or in connection with actions taken
or omitted by any of them in reliance on any Officers’ Certificate furnished
pursuant to this Section.

 

Whenever in
this Indenture there is mentioned, in any context, the payment of the principal
of or any premium, interest or any other amounts on, or in respect of, any
Security of any series, such mention shall be deemed to include mention of the
payment of additional amounts provided by the terms of such series established
hereby or pursuant hereto to the extent that, in such context, additional
amounts are, were or would be payable in respect thereof pursuant to such
terms, and express mention of the payment of additional amounts (if applicable)
in any provision hereof shall not be construed as excluding the payment of
additional amounts in those provisions hereof where such express mention is not
made.

 

ARTICLE 5

SECURITYHOLDER LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE

 

Section 5.01. 
Securityholder Lists.  If
and so long as the Trustee shall not be the Security registrar for the
Securities of any series, the Company and any other obligor on the Securities
will furnish or cause to be furnished to the Trustee a list in such form as the
Trustee may reasonably require of the names and addresses of the holders of the
Securities of such series pursuant to Section 312 of the Trust Indenture Act of
1939 (a) semi-annually not more than 15 days after each record date for the
payment of interest on such Securities, as hereinabove specified, as of such
record date, and on dates to be determined pursuant to

 

24

 

Section 2.02 for non-interest
bearing Securities in each year, and (b) at such other times as the Trustee may
request in writing, within thirty days after receipt by the Company of any such
request as of a date not more than 15 days prior to the time such information
is furnished.

 

Section 5.02.  Reports by
the Company.  The Company
covenants to file with the Trustee, within 15 days after the Company is
required to file the same with the Securities and Exchange Commission, copies
of the annual reports and of the information, documents and other reports that
the Company may be required to file with the Securities and Exchange Commission
pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934
or pursuant to Section 314 of the Trust Indenture Act of 1939.

 

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, including the
Company’s compliance with any of its covenants hereunder (as to which the
Trustee is entitled to rely exclusively on Officers’ Certificates).

 

Section 5.03.  Reports by
the Trustee.  Any Trustee’s
report required under Section 313(a) of the Trust Indenture Act of 1939 shall
be transmitted on or before March 15 in each year beginning March 15, 2005, as
provided in Section 313(c) of the Trust Indenture Act of 1939, so long as any
Securities are Outstanding hereunder, and shall be dated as of a date
convenient to the Trustee no more than 60 days prior thereto.

 

ARTICLE 6

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT

 

Section 6.01.  Events of
Default.  The term “Event of
Default” whenever used herein with respect to Securities of any series means
any one of the following events and such other events as may be established
with respect to the Securities of such series as contemplated by Section 2.02
hereof, continued for the period of time, if any, and after the giving of
notice, if any, designated in this Indenture or as may be established with
respect to such Securities as contemplated by Section 2.02 hereof, as the case
may be, unless it is either inapplicable or is specifically deleted or modified
in the applicable resolution of the Board of Directors or in the supplemental
indenture under which such series of Securities is issued, as the case may be,
as contemplated by Section 2.02:

 

(a)                                  default
in the payment of any installment of interest upon any Security of such series
as and when the same shall become due and payable, and continuance of such
default for a period of 30 days; or

 

25

 

(b)                                 default
in the payment of the principal of, or premium, if any, on any Security of such
series as and when the same shall become due and payable whether at maturity,
upon redemption, by declaration, repayment or otherwise; or

 

(c)                                  default
in the making or satisfaction of any sinking fund payment or analogous
obligation as and when the same shall become due and payable by the terms of
the Securities of such series; or

 

(d)                                 failure
on the part of the Company duly to observe or perform any other of the
covenants or agreements on the part of the Company in respect of the Securities
of such series contained in this Indenture (other than a covenant or agreement
in respect of the Securities of such series a default in whose observance or
performance is elsewhere in this Section 6.01 specifically dealt with)
continued for a period of 60 days after the date on which written notice of such
failure, requiring the Company to remedy the same, shall have been given to the
Company by the Trustee by registered mail, or to the Company and the Trustee by
the holders of at least twenty-five percent in aggregate principal amount of
the Securities of such series at the time Outstanding; or

 

(e)                                  an
event of default with respect to any other series of Securities issued or
hereafter issued pursuant to this Indenture or as defined in any indenture or
instrument evidencing or under which the Company has at the date of this
Indenture or shall hereafter have outstanding any indebtedness for borrowed
money shall happen and be continuing and such other series of Securities or
such indebtedness, as the case may be, shall have been accelerated so that the
same shall be or become due and payable prior to the date on which the same
would otherwise have become due and payable, and the aggregate principal amount
of any indebtedness with respect to which such acceleration has occurred
exceeds $100,000,000, and such acceleration shall not be rescinded or annulled
within ten days after written notice thereof shall have been given to the
Company by the Trustee or to the Company and the Trustee by the holders of at
least twenty-five percent in aggregate principal amount of the Securities of
such series at the time Outstanding; provided,
however, that if such event of default with respect to such other
series of Securities or under such indenture or instrument, as the case may be,
shall be remedied or cured by the Company, or waived by the holders of such
other series of Securities or of such indebtedness, as the case may be, then
the Event of Default hereunder by reason thereof shall be deemed likewise to
have been thereupon remedied, cured or waived without further action upon the
part of either the Trustee or any of the Securityholders of such series; and provided further that, subject to the
provisions of Sections 6.08 and 7.01, the Trustee shall not be charged with
knowledge of any such event of default or any remedy, cure or waiver thereof or
any such acceleration unless written notice thereof shall have been given to
the Trustee by the Company, by a holder or an agent of a holder of any
Securities of such other series or of any such indebtedness, as the case may
be, or by the Trustee then acting under this Indenture with respect to such
other series of Securities or under any other indenture or instrument, as the
case may be,

 

26

 

under which such event of
default shall have occurred, or by the holders of at least twenty-five percent
in aggregate principal amount of the Securities of such series at the time
Outstanding; or

 

(f)                                    a
decree or order by a court having jurisdiction in the premises shall have been
entered adjudging the Company or any of its Significant Subsidiaries bankrupt
or insolvent, or approving as properly filed a petition seeking reorganization
of the Company or any of its Significant Subsidiaries under the Federal
Bankruptcy Code or any other similar applicable Federal or State law, and such
decree or order shall have continued undischarged and unstayed for a period of
60 days; or a decree or order of a court having jurisdiction in the premises
for the appointment of a receiver or liquidator or trustee or assignee (or
other similar official) in bankruptcy or insolvency of the Company or any of
its Significant Subsidiaries or of all or substantially all of the property of
the Company or any of its Significant Subsidiaries, or for the winding up or
liquidation of the affairs of the Company or any of its Significant
Subsidiaries, shall have been entered, and such decree or order shall have
continued undischarged and unstayed for a period of 60 days; or

 

(g)                                 the
Company or any of its Significant Subsidiaries shall institute proceedings to
be adjudicated a voluntary bankrupt, or shall consent to the filing of a
bankruptcy proceeding against the Company or such Significant Subsidiary, or
shall file a petition or answer or consent seeking reorganization under the
Federal Bankruptcy Code or any other similar applicable Federal or State law,
or shall consent to the filing of any such petition, or shall consent to the
appointment of a receiver or liquidator or trustee or assignee (or other
similar official) in bankruptcy or insolvency of it or of its property, or
shall make an assignment for the benefit of creditors, or shall admit in
writing the inability of the Company or such Significant Subsidiary to pay its
debts generally as they become due; or

 

(h)                                 any
other Event of Default provided in the applicable resolution of the Board of
Directors or in the supplemental indenture under which such series of
Securities is issued, as the case may be, as contemplated by Section 2.02.

 

If an Event of
Default as contemplated by Sections 6.01(f) or 6.01(g) occurs, the principal
amount (or, if the Securities of such series are Original Issue Discount
Securities, such portions of the principal amount as may be specified in the
terms of such series) with respect to Securities of any series at the time
Outstanding will become due and payable immediately.  If any other Event of Default with respect to Securities of any
series at the time Outstanding occurs and is continuing, then and in each and
every such case, unless the principal of all of the Securities of such series
shall have already become due and payable, either the Trustee or the holders of
not less than twenty-five percent in aggregate principal amount of the
Securities of such series then Outstanding hereunder, by notice in writing to
the Company (and to the Trustee if given by Securityholders of such series),
may declare the principal amount (or, if the Securities of such series are

 

27

 

Original Issue Discount
Securities, such portion of the principal amount as may be specified in the
terms of such series) of all the Securities of such series to be due and
payable immediately, and upon any such declaration the same shall become and
shall be immediately due and payable, anything in this Indenture or in the
Securities of such series contained to the contrary notwithstanding. This
provision, however, is subject to the condition that if, at any time after the
principal amount (or, if the Securities of such series are Original Issue
Discount Securities, such portion of the principal amount as may be specified
in the terms of such series) of the Securities of any series shall have been so
declared or otherwise become due and payable, and before any judgment or decree
for the payment of the moneys due shall have been obtained or entered as
hereinafter provided, the Company shall pay or shall deposit with the Trustee a
sum sufficient to pay all matured installments of interest, if any, upon all of
the Securities of such series and the principal of, and premium, if any, on any
and all Securities of such series which shall have become due otherwise than by
acceleration (with interest on overdue installments of interest (to the extent
that payment of such interest is enforceable under applicable law) and on such
principal at the Overdue Rate applicable to such series, to the date of such
payment or deposit) and all amounts payable to the Trustee pursuant to the
provisions of Section 7.06, and any and all defaults under this Indenture with
respect to such series of Securities, other than the nonpayment of principal of
and accrued interest on Securities of such series which shall have become due
solely by acceleration, shall have been remedied or cured or waived or
provision shall have been made therefor to the satisfaction of the Trustee -
then and in every such case the holders of a majority in aggregate principal
amount of the Securities of such series then Outstanding, by written notice to
the Company and to the Trustee, may waive all defaults with respect to such
series and rescind and annul such declaration or acceleration and its
consequences; but no such waiver or rescission and annulment shall extend to or
shall affect any subsequent default or shall impair any right consequent
thereon.

 

In case the
Trustee shall have proceeded to enforce any right under this Indenture and such
proceeding shall have been discontinued or abandoned because of such rescission
or annulment or for any other reason or shall have been determined adversely to
the Trustee, then and in every such case the Company and the Trustee shall be
restored respectively to their several positions and rights hereunder, and all
rights, remedies and powers of the Company and the Trustee shall continue as
though no such proceeding had been taken.

 

Section 6.02.  Payment of
Securities on Default; Suit Therefor.  The
Company covenants that (a) in case default shall be made in the payment of any
installment of interest upon any Security of any series as and when the same
shall become due and payable, and such default shall have continued for a
period of 30 days, (b) in case default shall be made in the payment of the
principal of, or premium, if any, on any Security of any series as and when the
same shall become due and payable, whether at maturity of the Securities of
that series or upon

 

28

 

redemption or by declaration,
repayment or otherwise or (c) in case of default in the making or satisfaction
of any sinking fund payment or analogous obligation when the same becomes due
by the terms of the Securities of any series - then, upon demand of the
Trustee, the Company will pay to the Trustee, for the benefit of the holder of
any such Security (or holders of any series of Securities in the case of clause
(c) above) the whole amount that then shall have become due and payable on any
such Security (or Securities of any such series in the case of clause (c)
above) for principal, premium, if any, and interest, if any, with interest upon
the overdue principal and premium, if any, and (to the extent that payment of
such interest is enforceable under applicable law) upon the overdue
installments of interest, if any, at the Overdue Rate applicable to any such
Security (or Securities of any such series in the case of clause (c) above);
and, in addition thereto, such further amount as shall be sufficient to cover
costs and expenses of collection, and any further amounts payable to the
Trustee pursuant to the provisions of Section 7.06.

 

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

 

In case there
shall be pending proceedings for the bankruptcy, for the insolvency or for the
reorganization of the Company or any other obligor on the Securities of any
series under the Federal Bankruptcy Code or any other similar applicable
Federal or State law, or in case a receiver or trustee (or other similar
official) shall have been appointed for the property of the Company or such other
obligor, or in the case of any other similar judicial proceedings relative to
the Company or other obligor on the Securities of any series, or to the
creditors or property of the Company or such other obligor, the Trustee,
irrespective of whether the principal of the Securities of any series 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 pursuant to the
provisions of this Section 6.02, shall be entitled and empowered, by
intervention in such proceedings or otherwise, to file and prove a claim or
claims for the whole amount of principal (or, if the Securities of any series
are Original Issue Discount Securities, such portion of the principal amount as
may be due and payable with respect to such series pursuant to a declaration in
accordance with Section 6.01), premium, if any, and interest, if any, owing and
unpaid in respect of the Securities of any series and, in case of any judicial

 

29

 

proceedings, to file such
proofs of claim and other papers or documents as may be necessary or advisable
in order to have the claims of the Trustee and of the Securityholders of any
series allowed in such judicial proceedings relative to the Company or any
other obligor on the Securities of any series, its or their creditors, or its
or their property, and to collect and receive any moneys or other property
payable or deliverable on any such claims, and to distribute the same after the
deduction of costs and expenses of collection, and any further amounts payable
to the Trustee pursuant to the provisions of Section 7.06 and incurred by it up
to the date of such distribution; and any receiver, assignee or trustee (or
other similar official) in bankruptcy or reorganization is hereby authorized by
each of the Securityholders to make such payments to the Trustee, and, in the
event that the Trustee shall consent to the making of such payments directly to
the Securityholders, to pay to the Trustee costs and expenses of collection and
any further amounts payable to the Trustee pursuant to the provisions of
Section 7.06 and incurred by it up to the date of such distribution.

 

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

 

All rights of
action and of asserting claims under this Indenture, or under the Securities of
any series, may be enforced by the Trustee without the possession of any of the
Securities of such series or the production thereof in any trial or other
proceeding relative thereto, and any such suit or proceeding instituted by the
Trustee shall be brought in its own name as trustee of an express trust, and
any recovery of judgment shall be for the ratable benefit of the holders of the
Securities in respect of which such action was taken. In any proceedings
brought by the Trustee (and also any proceedings in which a declaratory
judgment of a court may be sought as to the interpretation or construction of
any provision of this Indenture, to which the Trustee shall be a party) the
Trustee shall be held to represent all the holders of the Securities to which
such proceedings relate, and it shall not be necessary to make any holders of
such Securities parties to any such proceedings.

 

Section 6.03.  Application
of Moneys Collected by Trustee.  Any
moneys collected by the Trustee pursuant to this Article and, after an Event of
Default has occurred, any money or other property distributable in respect of
the Company’s obligations under the Indenture shall be applied in the order
following, at the date or dates fixed by the Trustee for the distribution of
such moneys, upon presentation of the several Securities in respect of which
moneys have been collected, 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 (including any predecessor Trustee)
pursuant to the provisions of Section 7.06;

 

30

 

SECOND:                                            In case the
principal of the Outstanding Securities in respect of which such moneys have
been collected shall not have become due (at maturity, upon redemption, by
declaration, repayment or otherwise) and be unpaid, to the payment of interest,
if any, on such Securities, in the order of the maturity of the installments of
such interest, with interest (to the extent that such interest has been
collected by the Trustee) upon the overdue installments of interest at the
Overdue Rate applicable to such Securities, such payments to be made ratably to
the person entitled thereto;

 

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

 

FOURTH:                                           To the
payment of the remainder, if any, to the Company, it successors or assigns, or
to whosoever may be lawfully entitled to receive the same, or as a court of
competent jurisdiction may direct.

 

Section 6.04.  Proceedings
by Securityholders.  No
holder of any Security of any series shall have any right by virtue of or by
availing of any provision of this Indenture to institute any suit, action or
proceeding in equity or at law upon or under or with respect to this Indenture
or for the appointment of a receiver or trustee (or other similar official), or
for any other remedy hereunder, unless such holder previously shall have given
to the Trustee written notice of default with respect to Securities of such
series and of the continuance thereof, as hereinbefore provided, and unless
also the holders of not less than twenty-five percent in aggregate principal
amount of the Securities of such series then Outstanding shall have made
written request upon the Trustee to institute such action, suit or proceeding
in its own name as Trustee hereunder and shall have offered to the Trustee such
reasonable indemnity as it may require against the costs, expenses and
liabilities to be incurred therein or thereby, and the Trustee for 60 days after

 

31

 

its receipt of such notice,
request and offer of indemnity, shall not have received from the holders of a
majority in principal amount of the Securities of such series then Outstanding
a direction inconsistent with that request, and shall have neglected or refused
to institute any such action, suit or proceeding, it being understood and
intended, and being expressly covenanted by the taker and holder of every
Security with every other taker and holder and the Trustee, that no one or more
holders of Securities of such series shall have any right in any manner
whatever by virtue or by availing of any provision of this Indenture to affect,
disturb or prejudice the rights of any other holder of Securities of such
series, or to obtain or seek to obtain priority over or preference to any other
such holder, or to enforce any right under this Indenture, except in the matter
herein provided and for the equal, ratable and common benefit of all holders of
Securities of such series.

 

Notwithstanding
any other provisions in this Indenture, however, the right of any holder of any
Security to receive payment of the principal of, premium, if any, and interest,
if any, on such Security, on or after the respective due dates expressed in
such Security, or upon redemption, by declaration, repayment or otherwise, or
to institute suit for the enforcement of any such payment on or after such
respective dates, shall not be impaired or affected without the consent of such
holder, and no provision of the Securities of any series or of this Indenture
shall alter or impair the obligation of the Company, which is absolute and
unconditional, to pay the principal of, premium, if any, and interest, if any,
on the Securities of such series at the respective places, at the respective
times, at the respective rates and in the coin or currency, therein and herein
prescribed.

 

Section 6.05.  Proceedings
by Trustee.  In case of an
Event of Default hereunder the Trustee may in its discretion proceed to protect
and enforce the rights vested in it by this Indenture by such appropriate
judicial proceedings as the Trustee shall deem most effectual to protect and
enforce any of such rights, either by suit in equity or by action at law or by
proceeding in bankruptcy or otherwise, whether for the specific enforcement of
any covenant or agreement contained in this Indenture or in aid of the exercise
of any power granted in this Indenture, or to enforce any other legal or
equitable right vested in the Trustee by this Indenture or by law.

 

Section 6.06.  Remedies
Cumulative and Continuing.  All
powers and remedies given by this Article Six to the Trustee or to the
Securityholders of any series shall, to the extent permitted by law, be deemed
cumulative and not exclusive of any thereof or of any other powers and remedies
available to the Trustee or the holders of such Securities, by judicial
proceedings or otherwise, to enforce the performance or observance of the
covenants and agreements contained in this Indenture, and no delay or omission
of the Trustee or of any holder of any such Securities to exercise any right or
power accruing upon any default occurring and continuing as aforesaid shall
impair any such right or power, or shall be construed to be a waiver of any
such default or an acquiescence

 

32

 

therein; and, subject to the
provisions of Section 6.04, every power and remedy given by this Article Six or
by law to the Trustee or to the Securityholders of any series may be exercised
from time to time, and as often as shall be deemed expedient, by the Trustee or
by the Securityholders of such series.

 

Section 6.07.  Direction of
Proceedings and Waiver of Defaults by Securityholders. (a)  The holders of a majority in aggregate
principal amount of the Securities of any series at the time Outstanding shall
have the right to direct the time, method and place of conducting any
proceeding for any remedy available to the Trustee, or exercising any trust or
power conferred on the Trustee, with respect to the Securities of such series; provided, however, that (subject to the
provisions of Section 7.01) the Trustee shall have the right to decline to
follow any such direction if the Trustee, being advised by counsel, determines
that the action or proceeding so directed may not lawfully be taken or if the
Trustee in good faith by its board of directors or trustees, executive
committee, or a trust committee of directors or trustees and/or Responsible
Officers shall determine that the action or proceeding so directed would
involve the Trustee in personal liability.

 

(b)                                 Prior
to any acceleration or declaration accelerating the maturity of the Securities
of any series, the holders of a majority in aggregate principal amount of the
Securities of such series at the time Outstanding may on behalf of the holders
of all of the Securities of such series waive any past default or Event of
Default with respect to such series and its consequences except a default in
the payment of interest, if any, on, or the principal of or premium, if any, on
any Security of such series, or in the payment of any sinking fund installment
or analogous obligation with respect to Securities of such series, or in
respect of a covenant or provision hereof which under Section 10.02 cannot be
modified or amended without the consent of the holder of each Security
affected. Upon any such waiver the Company, the Trustee and the holders of the
Securities of that series shall be restored to their former positions and
rights hereunder, respectively; but no such waiver shall extend to any
subsequent or other default or Event of Default or impair any right consequent
thereon. Whenever any default or Event of Default hereunder shall have been
waived as permitted by this Section 6.07(b), said default or Event of Default
shall for all purposes of the Securities of such series and this Indenture be
deemed to have been cured and to be not continuing.

 

Section 6.08.  Notice of
Defaults.  The Trustee shall,
within 90 days after the occurrence of a default with respect to the Securities
of any series, mail to all holders of Securities of such series, as the names
and addresses of such holders appear upon the registry books of the Company,
notice of all defaults with respect to such series known to the Trustee, unless
such defaults shall have been cured or waived before the giving of such notice
(the term “defaults” for the purpose of this Section 6.08 being hereby defined
to be the events specified in Section 6.01 or established with respect to such
Securities as contemplated by Section 2.02, not

 

33

 

including the periods of grace,
if any, provided for therein or established with respect to such Securities as
contemplated by Section 2.02 and irrespective of the giving of the notices
specified in clauses (d) and (e) of Section 6.01 or established with respect to
such Securities as contemplated by Section 2.02); provided, however, that except in the case of default in the
payment of the principal of, premium, if any, or interest, if any, on any of
the Securities of such series or in the making of any sinking fund installment
or analogous obligation with respect to such series, the Trustee shall be
protected in withholding such notice if and so long as the board of directors,
the executive committee, or a trust committee of directors and/or Responsible
Officers of the Trustee in good faith determines that the withholding of such
notice is in the interest of the holders of Securities of such series.

 

Section 6.09.  Undertaking
to Pay Costs.  All parties to
this 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 Indenture, or
in any suit against the Trustee for any action taken, omitted or suffered 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 6.09 shall not apply to any suit instituted by the Trustee, to any suit
instituted by any holder of Securities of any series or group of such holders,
holding in the aggregate more than ten percent in principal amount of the
Outstanding Securities of such series or to any suit instituted by any
Securityholder for the enforcement of the payment of the principal of, premium,
if any, or interest, if any, on any Security on or after the due date expressed
in such Security, on or after the date fixed for redemption or repayment or
after such Security shall have become due by declaration.

 

ARTICLE 7

CONCERNING THE TRUSTEE

 

Section 7.01.  Duties and
Responsibilities of Trustee.  (a)
With respect to the holders of any series of Securities issued hereunder, the
Trustee, prior to the occurrence of an Event of Default with respect to the
Securities of such series and after the curing or waiving of all Events of
Default which may have occurred with respect to such series,

 

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

 

34

 

(2)                                  in
the absence of bad faith on the part of the Trustee, the Trustee may
conclusively rely, as to the truth of the statements and the correctness of the
opinions expressed therein, upon any certificates or opinions furnished to the
Trustee and conforming to the requirements of this Indenture; but in the case
of any such certificates or opinions which by any provision hereof are
specifically required to be furnished to the Trustee, the Trustee shall be
under a duty to examine the same to determine whether or not they conform to
the requirements of this Indenture;

 

(b)                                 In
case an Event of Default with respect to the Securities of a series has
occurred (which has not been cured or waived), the Trustee shall exercise such
of the rights and powers vested in it by this Indenture with respect to such
series, 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.

 

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

 

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

 

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

 

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

 

(2)                                  the
Trustee shall not be liable with respect to any action taken, omitted or
suffered to be taken by it in good faith in accordance with the direction of
the holders of Securities of any series pursuant to Section 6.07 relating to
the time, method and place of conducting any proceeding for any remedy
available to the Trustee, or exercising any trust or power conferred upon the
Trustee, under this Indenture with respect to Securities of such series; and

 

35

 

(3)                                  This
subsection shall not be construed to limit the effect of subsection (d) of this
Section.

 

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

 

(e)                                  The
provisions of this Section 7.01 are in furtherance of and subject to Section
315 of the Trust Indenture Act of 1939. 
Whether or not expressly provided, every provision of this Indenture
relating to or affecting the liability of or affording protection to the
Trustee shall be subject to the provisions of this Section.

 

Section 7.02.  Reliance on
Documents, Opinions, etc.  In
furtherance of and subject to the Trust Indenture Act of 1939, and subject to
the provisions of Section 7.01:

 

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

 

(b)                                 any
request, direction, order or demand of the Company mentioned herein shall be
sufficiently evidenced by an instrument signed in the name of the Company by
its President, its Chairman of the Board or any Vice President and its
Treasurer or its Comptroller (unless other evidence in respect thereof be
herein specifically prescribed); and any resolution of the Board of Directors
of the Company may be evidenced to the Trustee by a copy thereof certified by
the Secretary, an Assistant Secretary or an Attesting Secretary of the Company;

 

(c)                                  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, omitted or suffered to be taken by it hereunder in good
faith and in reliance thereon;

 

(d)                                 the
Trustee shall be under no obligation to exercise any of the rights or powers
vested in it by this Indenture at the request, order or direction of any of the
Securityholders, pursuant to the provisions of this Indenture, unless such
Securityholders shall have offered to the Trustee reasonable security or
indemnity against the costs, expenses and liabilities which might be incurred
therein or thereby;

 

36

 

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

 

(f)                                    the
Trustee shall not be bound to make any inquiry or investigation into the facts
or matters stated in any resolution, certificate, statement, instrument,
opinion, report, notice, request, direction, consent, order, bond, note or
other paper or document unless requested in writing so to do by the holders of
a majority in aggregate principal amount of the Securities of any series
affected then Outstanding; provided, however,
that if the payment within a reasonable time to the Trustee of the costs and
expenses or liabilities likely to be incurred by it in the making of such
investigation is, in the opinion of the Trustee, not reasonably assured to the
Trustee by the security conferred upon it by the terms of this Indenture, the
Trustee may require reasonable indemnity against such costs, expenses or
liabilities as a condition to so proceeding; and the reasonable expense of such
investigation shall be paid by the Company, or, if paid by the Trustee, shall
be repaid by the Company upon demand; and

 

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

 

Section 7.03.  No
Responsibility for Recitals, etc.  The
recitals contained herein and in the Securities shall be taken as the
statements of the Company (except in the Trustee’s certificates of
authentication), and the Trustee assumes no responsibility for the correctness
of the same. The Trustee makes no representations as to the validity or
sufficiency of this Indenture or the Securities, provided that the Trustee shall not be relieved of its duty
to authenticate Securities only as authorized by this Indenture. The Trustee
shall not be accountable for the use or application by the Company or any of
the Securities or of the proceeds thereof.

 

Section 7.04.  Ownership of
Securities.  The Trustee and
any agent of the Company or of the Trustee, in its individual or any other
capacity, may become the owner or pledgee of Securities with the same rights it
would have if it were not Trustee or such agent.

 

Section 7.05.  Moneys to be
Held in Trust.  Subject to
the provisions of Sections 12.05 and 12.06 hereof, all moneys received by the
Trustee or any paying agent shall, until used or applied as herein provided, be
held in trust for the purposes for which they were received, but need not be
segregated from other funds except to the extent required by law. Neither the
Trustee nor any paying agent shall be under any liability for interest on any
moneys received by it hereunder except such as it may agree with the Company to
pay thereon. So long as no Event of Default shall have occurred and be
continuing, all interest allowed

 

37

 

on any such moneys shall be
paid from time to time upon the written order of the Company, signed by its
President, Chairman or any Vice Chairman of the Board, or any Vice President,
Treasurer or Comptroller.

 

Section 7.06.  Compensation
and Expenses of Trustee.  The
Company covenants and agrees to pay to the Trustee from time to time, and the
Trustee shall be entitled to, reasonable compensation (which shall not be limited
by any provision of law in regard to the compensation of a trustee of an
express trust) and, except as otherwise expressly provided, the Company will
pay or reimburse the Trustee upon its request for all reasonable expenses,
disbursements and advances incurred or made by the Trustee in accordance with
any of the provisions of this Indenture (including the reasonable compensation
and the expenses and disbursements of its counsel and of all persons not
regularly in its employ) except any such expense, disbursement or advance as
may arise from its negligence or bad faith. If any property other than cash
shall at any time be subject to the lien of this Indenture, the Trustee, if and
to the extent authorized by a receivership or bankruptcy court of competent
jurisdiction or by the supplemental instrument subjecting such property to such
lien, shall be entitled to make advances for the purpose of preserving such
property or of discharging tax liens or other prior liens or encumbrances
thereon. The Company also covenants to indemnify the Trustee (which shall be
deemed to include, without limitation, agents, employees, directors and
officers of the Trustee) for, and to hold it harmless against, any loss,
liability or expense incurred without negligence or bad faith on the part of
the Trustee, arising out of or in connection with the acceptance or
administration of this trust and its duties hereunder, including the costs and
expenses of defending itself against any claim of liability in the premises.
The obligations of the Company under this Section 7.06 to compensate and
indemnify the Trustee and to pay or reimburse the Trustee for expenses,
disbursements and advances shall constitute additional indebtedness hereunder
and, together with the lien provided for in the immediately succeeding
sentence, shall survive the satisfaction and discharge of this Indenture, the
resignation or removal of the Trustee and the termination of this Indenture.
Such additional indebtedness shall be secured by a lien prior to that of the Securities
upon all property and funds held or collected by the Trustee as such, except
funds held in trust for the benefit of the holders of particular Securities.

 

In addition to
and without prejudice to its other rights hereunder, when the Trustee incurs
expenses or renders services in connection with an Event of Default specified
in Sections 6.01(f) or 6.01(g), the expenses (including reasonable charges and
expenses of its counsel) and the compensation for the services are intended to
constitute expenses of administration under any applicable Federal or state
bankruptcy, insolvency or other similar law.

 

Section 7.07.  Officers’
Certificate as Evidence.  Subject
to the provisions of Sections 7.01 and 7.02, whenever in the administration of
the provisions of this Indenture the Trustee shall deem it necessary or
desirable that a matter be proved

 

38

 

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

 

Section 7.08.  Indentures
Not Creating Potential Conflicting Interests for the Trustee.  The following indentures are
hereby specifically described for the purposes of Section 310(b)(1) of the
Trust Indenture Act of 1939:  this
Indenture with respect to the Securities of any other series.

 

Section 7.09.  Eligibility
of Trustee.  The Trustee
hereunder shall at all times be a corporation organized and doing business
under the laws of the United States or any state, which (a) is authorized under
such laws to exercise corporate trust powers and (b) is subject to supervision
or examination by Federal or State authority and (c) shall have at all times a
combined capital and surplus of not less than fifty million dollars. If such
corporation publishes reports of condition at least annually, pursuant to law,
or to the requirements of the aforesaid supervising or examining authority,
then for the purposes of this Section 7.09, the combined capital and surplus of
such corporation at any time shall be deemed to be its combined capital and surplus
as set forth in its most recent report of condition so published. In case at
any time the Trustee shall cease to be eligible in accordance with the
provisions of this Section 7.09, the Trustee shall resign immediately in the
manner and with the effect specified in Section 7.10.

 

The provisions
of this Section 7.09 are in furtherance of and subject to Section 310(a) of the
Trust Indenture Act of 1939.

 

Section 7.10.  Resignation
or Removal of Trustee. (a)  The
Trustee, or any trustee or trustees hereafter appointed, may at any time resign
with respect to any one or more or all series of Securities by giving written
notice of resignation to the Company and by mailing notice thereof to the
holders of the applicable series of Securities at their addresses as they shall
appear on the registry books of the Company. Upon receiving such notice of
resignation, the Company shall promptly appoint a successor trustee or trustees
with respect to the applicable series by written instrument, in duplicate,
executed by order of the Board of Directors of the Company, one copy of which
instrument shall be delivered to the resigning Trustee and one copy to the
successor trustee. If no successor trustee shall have been so appointed with
respect to any series and have accepted appointment within 60 days after the
giving of such notice of resignation, the resigning Trustee may petition any
court of competent jurisdiction for the appointment of a successor trustee, or
any Securityholder who has been a bona fide holder of a Security or Securities
of the applicable series for at least six

 

39

 

months may, subject to the
provisions of Section 6.09, on behalf of himself and all others similarly
situated, petition any such court for the appointment of a successor trustee.
Such court may thereupon, after such notice, if any, as it may deem proper and
prescribe, appoint a successor trustee.

 

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

 

(1)                                  the
Trustee shall fail to comply with the provisions of Section 310(b) of the Trust
Indenture Act of 1939 with respect to any series of Securities after written
request therefor by the Company or by any Securityholder who has been a bona
fide holder of a Security or Securities of such series for at least six months,
or

 

(2)                                  the
Trustee shall cease to be eligible in accordance with the provisions of Section
7.09 and Section 310(a) of the Trust Indenture Act of 1939 with respect to any
series of Securities and shall fail to resign after written request therefor by
the Company or by any such Securityholder, or

 

(3)                                  the
Trustee shall become incapable of acting with respect to any series of
Securities, or shall be adjudged a bankrupt or insolvent, or a receiver of the
Trustee or of its property shall be appointed or any public officer shall take
charge or control of the Trustee or of its property or affairs for the purpose
of rehabilitation, conservation or liquidation -

 

then, in any
such case, the Company may remove the Trustee with respect to such series and
appoint a successor trustee with respect to such series by written instrument,
in duplicate, executed by order of the Board of Directors of the Company, one
copy of which instrument shall be delivered to the Trustee so removed and one
copy to the successor trustee, or, subject to the provisions of Section 315(e)
of the Trust Indenture Act of 1939, any Securityholder who has been a bona fide
holder of a Security or Securities of such series for at least six months may,
on behalf of himself and all others similarly situated, petition any court of
competent jurisdiction for the removal of the Trustee and the appointment of a
successor trustee with respect to such series. Such court may thereupon, after
such notice, if any, as it may deem proper and prescribe, remove the Trustee
and appoint a successor trustee with respect to such series.

 

(c)                                  The
holders of a majority in aggregate principal amount of the Securities of one or
more series (each series voting as a class) or all series at the time Outstanding
may at any time remove the Trustee with respect to the applicable series or all
series, as the case may be, and appoint with respect to the applicable series
or all series, as the case may be, a successor trustee by written notice of
such action to the Company, the Trustee and the successor trustee.

 

(d)                                 Any
resignation or removal of the Trustee with respect to any series and any
appointment of a successor trustee with respect to such series pursuant to

 

40

 

any of the provisions of this
Section 7.10 shall become effective upon acceptance of appointment by the
successor trustee as provided in Section 7.11.

 

(e)                                  No
predecessor Trustee shall be liable for the acts or omissions of any successor
Trustee.

 

Section 7.11.  Acceptance
by Successor Trustee.  Any
successor trustee appointed as provided in Section 7.10 shall execute,
acknowledge and deliver to the Company and to its predecessor trustee an
instrument accepting such appointment hereunder, and thereupon the resignation
or removal of the predecessor trustee with respect to any or all applicable
series shall become effective and such successor trustee, without any further
act, deed or conveyance, shall become vested with all the rights, powers,
duties and obligations with respect to such series of its predecessor
hereunder, with like effect as if originally named as trustee herein; but,
nevertheless, on the written request of the Company or of the successor
trustee, the trustee ceasing to act shall, upon payment (or due provision
therefor) of any amounts then due it pursuant to the provisions of Section
7.06, execute and deliver an instrument transferring to such successor trustee
all the rights and powers with respect to such series of the trustee so ceasing
to act. Upon request of any such successor trustee, the Company shall execute
any and all instruments in writing in order more fully and certainly to vest in
and confirm to such successor trustee all such rights and powers. Any trustee
ceasing to act shall, nevertheless, retain a lien upon all property or funds
held or collected by such trustee to secure any amounts then due it pursuant to
the provisions of Section 7.06.

 

In case of the
appointment hereunder of a successor trustee with respect to the Securities of
one or more (but not all) series, the Company, the predecessor trustee and each
successor trustee with respect to the Securities of any applicable series shall
execute and deliver an indenture supplemental hereto which shall contain such
provisions as shall be deemed necessary or desirable to confirm that all the
rights, powers, trusts and duties of the predecessor trustee with respect to
the Securities of any series as to which the predecessor trustee is not
retiring shall continue to be vested in the predecessor trustee, and shall add
to or change any of the provisions of this Indenture as shall be necessary to
provide for or facilitate the administration of the trusts hereunder by more
than one trustee, it being understood that nothing herein or in such
supplemental indenture shall constitute such trustees co-trustees of the same
trust and that each such trustee shall be trustee of a trust or trusts
hereunder separate and apart from any trust or trusts hereunder administered by
any other such trustee.

 

No successor
trustee with respect to a series of Securities shall accept appointment as
provided in this Section 7.11 unless at the time of such acceptance such
successor trustee shall, with respect to such series, be qualified under
Section 310(b) of the Trust Indenture Act of 1939 and eligible under the
provisions of Section 7.09.

 

41

 

Upon
acceptance of appointment by a successor trustee with respect to any series as
provided in this Section 7.11, the Company shall mail notice of the succession
of such trustee hereunder to the holders of Securities of such series at their
addresses as they shall appear on the registry books of the Company. If the
Company fails to mail such notice within ten days after the acceptance of
appointment by the successor trustee, the successor trustee shall cause such
notice to be mailed at the expense of the Company.

 

Section 7.12.  Succession
by Merger, etc.  Any Person
into which the Trustee may be merged or converted or with which it may be
consolidated, or any Person resulting from any merger, conversion or
consolidation to which the Trustee shall be a party, or any corporation
succeeding to all or substantially all of the corporate trust business of the
Trustee, shall be the successor to the Trustee hereunder, provided such
corporation shall be qualified under Section 310(b) of the Trust Indenture Act
of 1939 and eligible under the provisions of Section 7.09, without the
execution or filing of any paper or any further act on the part of any of the
parties hereto, anything herein to the contrary notwithstanding.

 

In case at the
time such successor to the Trustee shall succeed to the trust created by this
Indenture with respect to one or more series of Securities, any of such
Securities shall have been authenticated but not delivered, any such successor
to the Trustee by merger, conversion or consolidation may adopt the certificate
of authentication of any predecessor trustee, and deliver such Security so
authenticated; and in case at that time any of such Securities shall not have
been authenticated, any successor to the Trustee may authenticate such
Securities either in the name of such successor to the Trustee or, if such
successor to the Trustee is a successor by merger, conversion or consolidation
the name of any predecessor hereunder; and in all such cases such certificate
shall have the full force which it is anywhere in such Securities or in this
Indenture provided that the certificate of the Trustee shall have.

 

Section 7.13.  Other
Matters Concerning the Trustee.  The
principal corporate trust office of the Trustee at the date of this Indenture
is located at 101 Barclay Street, 8W, New York, New York 10286, Attn: Corporate
Trust Division-Corporate Finance Unit.

 

Section 7.14.  Appointment
of Authenticating Agent.  The
Trustee may appoint an Authenticating Agent or Agents which shall be authorized
to act on behalf of the Trustee to authenticate Securities issued upon original
issue and upon exchange, registration of transfer, partial conversion or
partial redemption or pursuant to Section 2.07, and Securities so authenticated
shall be entitled to the benefits of this Indenture and shall be valid and
obligatory for all purposes as if authenticated by the Trustee hereunder.
Wherever reference is made in this Indenture to the authentication and delivery
of Securities by the Trustee or the Trustee’s certificate of authentication,
such reference shall be deemed to include authentication and delivery on behalf
of the Trustee by an Authenticating Agent

 

42

 

and a certificate of
authentication executed on behalf of the Trustee by an Authenticating Agent.
Each Authenticating Agent shall be acceptable to the Company and shall at all times
be a corporation organized and doing business under the laws of the United
States of America, any State thereof or the District of Columbia, authorized
under such laws to act as Authenticating Agent, having a combined capital and
surplus of not less than $50,000,000 and subject to supervision or examination
by Federal or State authority. If such Authenticating Agent publishes reports
of condition at least annually, pursuant to law or to the requirements of said
supervising or examining authority, then for the purposes of this Section, the
combined capital and surplus of such Authenticating Agent shall be deemed to be
its combined capital and surplus as set forth in its most recent report of
condition so published. If at any time an Authenticating Agent shall cease to
be eligible in accordance with the provisions of this Section, such
Authenticating Agent shall resign immediately in the manner and with the effect
specified in this Section.

 

Any
corporation into which an Authenticating Agent may be merged or converted or
with which it may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which such Authenticating Agent shall be
a party, or any corporation succeeding to the corporate agency or corporate
trust business of an Authenticating Agent, shall continue to be an
Authenticating Agent, provided such corporation shall be otherwise eligible
under this Section, without the execution or filing of any paper or any further
act on the part of the Trustee or the Authenticating Agent.

 

An
Authenticating Agent may resign at any time by giving written notice thereof to
the Trustee and to the Company. The Trustee may at any time terminate the
agency of an Authenticating Agent by giving written notice thereof to such
Authenticating Agent and to the Company. Upon receiving such a notice of
resignation or upon such a termination, or in case at any time such
Authenticating Agent shall cease to be eligible in accordance with the
provisions of this Section, the Trustee may appoint a successor Authenticating
Agent which shall be acceptable to the Company and shall mail written notice of
such appointment by first-class mail, postage prepaid, to all Holders as their
names and addresses appear in the Security Register. Any successor Authenticating
Agent upon acceptance of its appointment hereunder shall become vested with all
the rights, powers and duties of its predecessor hereunder, with like effect as
if originally named as an Authenticating Agent. No successor Authenticating
Agent shall be appointed unless eligible under the provisions of this Section.

 

The Company
agrees to pay to each Authenticating Agent from time to time reasonable
compensation for its services under this Section.

 

If an
appointment is made pursuant to this Section, the Securities may have endorsed
thereon, in addition to the Trustee’s certificate of authentication, an
alternative certificate of authentication in the following form:

 

43

 

Dated:

 

This is one of
the Securities described in the within-mentioned Indenture.

 

 

	
   

  	
  THE BANK OF
  NEW YORK, as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  As
  Authenticating Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Authorized
  Signatory

  

 

ARTICLE 8

CONCERNING THE SECURITYHOLDERS

 

Section 8.01.  Action of
Securityholders.  Whenever in
this Indenture it is provided that the holders of a specified percentage in
aggregate principal amount of the Securities of any or all series may take any
action (including the making of any demand or request, the giving of any
notice, consent or waiver or the taking of any other action) the fact that at
the time of taking any such action the holders of such specified percentage
have joined therein may be evidenced (a) by any instrument or any number of
instruments of similar tenor executed by such Securityholders in person or by
agent or proxy appointed in writing, or (b) by the record of such holders of
Securities voting in favor thereof at any meeting of such Securityholders duly
called and held in accordance with the provisions of Article Nine, or (c) by a
combination of such instrument or instruments and any such record of such a
meeting of such Securityholders.

 

Section 8.02.  Proof of
Execution by Securityholders.  Subject
to the provisions of Sections 7.01, 7.02 and 9.06, proof of the execution of
any instrument by a Securityholder or his agent or proxy shall be sufficient if
made in accordance with such reasonable rules and regulations as may be
prescribed by the Trustee or in such manner as shall be reasonably satisfactory
to the Trustee. The ownership of Securities shall be proved by the registry
books of the Company.

 

The record of
any Securityholders’ meeting shall be proved in the manner provided in Section
9.07.

 

The Company
may set a record date for purposes of determining the identity of holders of
Securities of any series entitled to vote or consent to or revoke any action
referred to in Section 8.01, which record date may be set at any

 

44

 

time or from time to time by
notice to the Trustee, for any date or dates (in the case of any adjournment or
reconsideration) not more than 60 days nor less than five days prior to the
proposed date of such vote or consent, and thereafter, notwithstanding any
other provisions hereof, with respect to Securities of any series, only holders
of Securities of such series of record on such record date shall be entitled to
so vote or give such consent or revoke such vote or consent.

 

Section 8.03.  Who Are
Deemed Absolute Owners.  The
Company, the Trustee and any agent of the Company or of the Trustee may deem
the person in whose name any Security shall be registered upon the books of the
Company to be, and may treat him as, the owner of such Security (whether or not
such Security shall be overdue and notwithstanding any notation of ownership or
other writing thereon) for the purpose of receiving payment of or on account of
the principal of, premium, if any, and (subject to Section 2.04) interest, if
any, on such Security and for all other purposes; and neither the Company nor
the Trustee nor any agent of the Company or of the Trustee shall be affected by
any notice to the contrary. All such payments so made to any holder for the
time being, or upon his order, shall be valid, and, to the extent of the sum or
sums so paid, effectual to satisfy and discharge the liability for moneys
payable upon any such Security.

 

No Beneficial
Owner in any Global Security held on its behalf by a Depositary shall have any
rights under this Indenture with respect to such Global Security, and such
Depositary may be treated by the Company, the Trustee, and any agent of the
Company or the Trustee as the owner of such Security for all purposes
whatsoever. None of the Company, the Trustee or any agent of the Company or the
Trustee will have any responsibility or liability for any aspect of the records
relating to or payments made on account of beneficial ownership interests of a
Global Security or maintaining, supervising or reviewing any records relating
to such beneficial ownership interests.

 

Section 8.04. 
Company-Owned Securities Disregarded. 
In determining whether the holders of the requisite aggregate
principal amount of Securities have concurred in any demand, request, notice,
direction, consent or waiver under this Indenture, Securities which are owned
by the Company or any other obligor on the Securities with respect to which
such determination is being made or by any person directly or indirectly
controlling or controlled by or under direct or indirect common control with the
Company or any other obligor on the Securities with respect to which such
determination is being made shall be disregarded and deemed not to be
Outstanding for the purpose of any such determination; provided, that for the purposes of
determining whether the Trustee shall be protected in relying on any such
demand, request, notice, direction, consent or waiver only Securities which the
Trustee knows are so owned shall be so disregarded. Securities so owned which
have been pledged in good faith may be regarded as Outstanding for the purposes
of this Section 8.04 if the pledgee shall establish to the satisfaction of the
Trustee the pledgee’s right to vote such Securities and that the pledgee is not
a person directly or indirectly controlling or

 

45

 

controlled by or under direct
or indirect common control with the Company or any such other obligor. In the
case of a dispute as to such right, any decision by the Trustee taken upon the
advice of counsel shall be full protection to the Trustee.

 

Section 8.05.  Revocation
of Consents; Future Holders Bound.  At
any time prior to (but not after) the evidencing to the Trustee, as provided in
Section 8.01, of the taking of any action by the holders of the percentage in
aggregate principal amount of the Securities of any or all series, as the case
may be, specified in this Indenture in connection with such action, any holder
of a Security which is shown by the evidence to be included in the Securities
the holders of which have consented to such action may, by filing written
notice with the Trustee at its principal office and upon proof of holding as
provided in Section 8.02, revoke such action so far as concerns such Security.
Except as aforesaid any such action taken by the holder of any Security shall
be conclusive and binding upon such holder and upon all future holders of such
Security, irrespective of whether or not any notation in regard thereto is made
upon such Security or any Security issued in exchange or substitution therefor.

 

ARTICLE 9

SECURITYHOLDERS’ MEETINGS

 

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

 

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

 

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

 

(3)                                  to
consent to the execution of an indenture or indentures supplemental hereto
pursuant to the provisions of Section 10.02; or

 

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

 

Section 9.02.  Call of
Meetings by Trustee.  The
Trustee may at any time call a meeting of holders of Securities of any or all
series to take any action specified in Section 9.01, to be held at such time
and at such place in the Borough

 

46

 

of Manhattan, The City of New
York, as the Trustee shall determine. Notice of every meeting of the holders of
Securities of any or all series, setting forth the time and the place of such
meeting and in general terms the action proposed to be taken at such meeting,
shall be mailed to holders of Securities of each series affected at their
addresses as they shall appear on the registry books of the Company. Such
notice shall be mailed not less than 10 nor more than 90 days prior to the date
fixed for the meeting.

 

Section 9.03.  Call of
Meetings by Company or Securityholders. 
In case at any time the Company, pursuant to a resolution of
its Board of Directors, or the holders of at least ten percent in aggregate
principal amount of the Securities then Outstanding of any series that may be
affected by the action proposed to be taken at the meeting, shall have
requested the Trustee to call a meeting of the holders of Securities of all series
that may be so affected, by written request setting forth in reasonable detail
the action proposed to be taken at the meeting, and the Trustee shall not have
mailed the notice of such meeting within 20 days after receipt of such request,
then the Company or such Securityholders, in the amount specified above, may
determine the time and the place in said Borough of Manhattan for such meeting
and may call such meeting to take any action authorized in Section 9.01, by
mailing notice thereof as provided in Section 9.02.

 

Section 9.04. 
Qualifications for Voting.  To
be entitled to vote at any meeting of Securityholders a person shall (a) be a
holder of one or more Securities with respect to which such meeting is being
held or (b) be a person appointed by an instrument in writing as proxy by a
holder of one or more such Securities. The only persons who shall be entitled
to be present or to speak at any meeting of Securityholders shall be the
persons entitled to vote at such meeting and their counsel and any representatives
of the Trustee and its counsel and any representatives of the Company and its
counsel.

 

Section 9.05.  Quorum;
Adjourned Meetings.  The
Persons entitled to vote a majority in aggregate principal amount of the
Securities of the relevant series at the time Outstanding shall constitute a
quorum for the transaction of all business specified in Section 9.01. No
business shall be transacted in the absence of a quorum (determined as provided
in this Section 9.05). In the absence of a quorum within 30 minutes after the
time appointed for any such meeting, the meeting shall, if convened at the
request of the holders of Securities (as provided in Section 9.03), be
dissolved. In any other case the meeting shall be adjourned for a period of not
less than ten days as determined by the chairman of the meeting. In the absence
of a quorum at any such adjourned meeting, such adjourned meeting shall be
further adjourned for a period of not less than ten days as determined by the
chairman of the meeting. Notice of the reconvening of any adjourned meeting
shall be given as provided in Section 9.02, except that such notice must be
mailed not less than five days prior to the date on which the meeting is
scheduled to be reconvened.

 

47

 

Subject to the
foregoing, at the second reconvening of any meeting adjourned for lack of a
quorum, the Persons entitled to vote 25% in aggregate principal amount of the
Securities of the relevant series then Outstanding shall constitute a quorum
for the taking of any action set forth in the notice of the original meeting.
Notice of the reconvening of an adjourned meeting shall state expressly the
percentage of the aggregate principal amount of the Securities of the relevant
series then Outstanding which shall constitute a quorum.

 

At a meeting
or any adjourned meeting duly convened and at which a quorum is present as
aforesaid, any resolution and all matters (except as limited by the proviso in
Section 10.02) shall be effectively passed and decided if passed or decided by
the Persons entitled to vote the lesser of (a) a majority in aggregate
principal amount of the Securities of the relevant series then Outstanding and
(b) 75% in aggregate principal amount of the Securities represented and voting
at the meeting.

 

Any holder of
a Security who has executed in person or by proxy and delivered to the Trustee
an instrument in writing complying with the provisions of Article Eight shall
be deemed to be present for the purposes of determining a quorum and be deemed
to have voted; provided that such holder of a Security shall be considered as
present or voting only with respect to the matters covered by such instrument
in writing.

 

Section 9.06. 
Regulations.  Notwithstanding
any other provisions of this Indenture, the Trustee may make such reasonable
regulations as it may deem advisable for any meeting of Securityholders, in
regard to proof of the holder of Securities and of the appointment of proxies,
and in regard to the appointment and duties of inspectors of votes, the
submission and examination of proxies, certificates and other evidence of the
right to vote, and such other matters concerning the conduct of the meeting as
it shall think fit.

 

The Trustee
shall, by an instrument in writing, appoint a temporary chairman of the
meeting, unless the meeting shall have been called by the Company or by
Securityholders, as provided in Section 9.03, in which case the Company or the
Securityholders calling the meeting, as the case may be, shall in like manner appoint
a temporary chairman. A permanent chairman and a permanent secretary of the
meeting shall be elected by majority vote of the meeting.

 

Subject to the
provisions of Section 8.04, at any meeting each holder of Securities with
respect to which such meeting is being held or proxy shall be entitled to vote
the principal amount (in the case of Original Issue Discount Securities, such
principal amount to be determined as provided in the definition of “Security or
Securities; Outstanding” in Section 1.01) of such Securities held or
represented by him; provided, however,
that no vote shall be cast or counted at any meeting in respect of any such
Security challenged as not Outstanding and

 

48

 

ruled by the chairman of the
meeting to be not Outstanding. The chairman of the meeting shall have no right
to vote other than by virtue of such Securities held by him or instruments in
writing as aforesaid duly designating him as the person to vote on behalf of
other such Securityholders. Any meeting of holders of Securities with respect
to which a meeting was duly called pursuant to the provisions of Sections 9.02
or 9.03 may be adjourned from time to time by a majority of those present,
whether or not constituting a quorum, and the meeting may be held as so
adjourned without further notice.

 

Section 9.07.  Voting.  The vote upon any resolution
submitted to any meeting of holders of Securities with respect to which such
meeting is being held shall be by written ballots on which shall be subscribed
the signatures of such holders of Securities or of their representatives by
proxy and the principal amount (in the case of Original Issue Discount
Securities, such principal amount to be determined as provided in the
definition of “Security or Securities; Outstanding” in Section 1.01) and number
or numbers of such Securities held or represented by them. The permanent
chairman of the meeting shall appoint two inspectors of votes who shall count
all votes cast at the meeting for or against any resolution and who shall make
and file with the secretary of the meeting their verified written reports in
duplicate of all votes cast at the meeting. A record in duplicate of the
proceedings of each meeting of Securityholders shall be prepared by the
secretary of the meeting and there shall be attached to said record the
original reports of the inspectors of votes on any vote by ballot taken thereat
and affidavits by one or more persons having knowledge of the facts setting
forth a copy of the notice of the meeting and showing that said notice was
mailed as provided in Section 9.02. The record shall show the principal amount
of the Securities (in the case of Original Issue Discount Securities, such
principal amount to be determined as provided in the definition of “Security or
Securities; Outstanding” in Section 1.01) voting in favor of or against any
resolution. The record shall be signed and verified by the affidavits of the
permanent chairman and secretary of the meeting and one of the duplicates shall
be delivered to the Company and the other to the Trustee to be preserved by the
Trustee, the latter to have attached thereto the ballots voted at the meeting.

 

Any record so
signed and verified shall be conclusive evidence of the matters therein stated.

 

Section 9.08.  No Delay of
Rights by Meeting.  Nothing
in this Article Nine contained shall be deemed or construed to authorize or
permit, by reason of any call of a meeting of Securityholders of any or all
series or any rights expressly or impliedly conferred hereunder to make such
call, any hindrance or delay in the exercise of any right or rights conferred
upon or reserved to the Trustee or to the Securityholders of any or all such
series under any of the provisions of this Indenture or of the Securities.

 

49

 

ARTICLE 10

SUPPLEMENTAL INDENTURES

 

Section 10.01.  Supplemental
Indentures without Consent of Securityholders. 
The Company, when authorized by resolution of the Board of
Directors, and the Trustee may from time to time and at any time enter into an
indenture or indentures supplemental hereto for one or more of the following
purposes:

 

(a)                                  to
evidence the succession of another corporation to the Company, or successive
successions, and the assumption by the successor corporation of the covenants,
agreements and obligations of the Company pursuant to Article Eleven hereof;

 

(b)                                 to
add to the covenants of the Company such further covenants, restrictions or
conditions for the protection of the holders of all or any series of Securities
(and if such covenants are to be for the benefit of less than all series of
Securities, stating that such covenants are expressly being included for the
benefit of such series) as the Board of Directors of the Company and the
Trustee shall consider to be for the protection of the holders of such
Securities, and to make the occurrence, or the occurrence and continuance, of a
default in any of such additional covenants, restrictions or conditions a
default or an Event of Default permitting the enforcement of all or any of the
several remedies provided in this Indenture as herein set forth; provided, however, that in respect of any
such additional covenant, restriction or condition such supplemental indenture
may provide for a particular period of grace after default (which period may be
shorter or longer than that allowed in the case of other defaults) or may
provide for an immediate enforcement upon such default or may limit the
remedies available to the Trustee upon such default;

 

(c)                                  to
provide for the issuance under this Indenture of Securities in coupon form
(including Securities registrable as to principal only) and to provide for
exchangeability of such Securities with the Securities of the same series
issued hereunder in fully registered form and to make all appropriate changes
for such purpose;

 

(d)                                 to
establish the forms or terms of Securities of any series or of the Coupons
appertaining to such Securities as permitted by Sections 2.01 and 2.02;

 

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

 

(f)                                    to
modify or amend this Indenture to permit the qualification of this Indenture or
any indentures supplemental hereto under the Trust Indenture Act of 1939, as amended;

 

50

 

(g)                                 to
cure any ambiguity or to correct or supplement any provision contained herein
or in any supplemental indenture which may be defective or inconsistent with
any other provision contained herein or in any supplemental indenture, or to
make such other provisions in regard to matters or questions arising under this
Indenture which shall not adversely affect the interests of the holders of any
Securities; provided, however,that any amendment made solely to conform the provisions of this
Indenture to the description of the Securities contained in the prospectus or
other offering document pursuant to which the Securities were sold will not be
deemed to adversely affect the interests of the holders of the Securities; and

 

(h)                                 to
evidence and provide for the acceptance of appointment hereunder by a successor
or separate trustee with respect to the Securities of one or more series or to
add to or change any of the provisions of this Indenture as shall be necessary
to provide for or facilitate the administration of the trusts hereunder by more
than one trustee, pursuant to the requirements of Section 7.11 or pursuant to
Section 2.02(17).

 

The Trustee is
hereby authorized to join with the Company in the execution of any such
supplemental indenture, to make any further appropriate agreements and
stipulations which may be therein contained and to accept the conveyance,
transfer and assignment of any property thereunder, but the Trustee shall not
be obligated to, but may in its discretion, enter into any such supplemental
indenture which affects the Trustee’s own rights, duties or immunities under
this Indenture or otherwise.

 

Any
supplemental indenture authorized by the provisions of this Section 10.01 may be
executed by the Company and the Trustee without the consent of the holders of
any of the Securities at the time Outstanding, notwithstanding any of the
provisions of Section 10.02.

 

Section 10.02.  Supplemental
Indentures with Consent of Securityholders. 
With the consent (evidenced as provided in Sections 8.01 and
8.02) of the holders of a majority in the aggregate principal amount of the
Securities of each series (each series voting as a class) affected by such
supplemental indenture at the time Outstanding, the Company and the Trustee may
from time to time and at any time enter into an indenture or indentures
supplemental hereto for the purpose of adding any provisions to or changing in
any manner or eliminating any of the provisions of this Indenture or any
supplemental indenture or of modifying in any manner the rights of the holders
of the Securities or each such series; provided,
however, that no such supplemental indenture shall (i) change the
stated maturity of principal of, or any installment of principal of or interest
on, any Security, or reduce the rate or extend the time of payment of interest,
if any, thereon, or alter the manner of calculation of interest payable on any
Security, or reduce the principal amount or premium, if any, thereof, or make
the principal thereof or premium, if any, or interest, if any, thereon payable
in any coin or currency other

 

51

 

than that provided in any
Security, or impair the right of any holder of a Security to institute suit for
any such payment, or reduce the amount of the principal of an Original Issue
Discount Security that would be due and payable upon an acceleration of the
maturity thereof pursuant to Section 6.01 or adversely affect the right of
repayment, if any, at the option of the holder, or extend the time, or reduce
the amount of any payment to any sinking fund or analogous obligation relating
to any Security, (ii) reduce the percentage in principal amount of Securities
of any series, the holders of which are required to consent to any such
supplemental indenture or any waiver of any past default or Event of Default
pursuant to Section 6.07(b), (iii) change any place of payment where the
Securities of any series or interest thereon is payable, or (iv) modify any
provision of Section 6.07(b) or 10.02 (except to increase any such percentage
or to provide that certain other provisions of the Indenture cannot be modified
or waived without the consent of the holder of each Security so affected),
without, in the case of each of the foregoing clauses (i), (ii), (iii) and
(iv), the consent of the holder of each Security so affected. A supplemental
indenture which changes or eliminates any covenant or other provision of this
Indenture which has expressly been included solely for the benefit of one or
more particular series of Securities, or which modifies the rights of the
holders of Securities of such series with respect to such covenant or other
provision, shall be deemed not to affect the rights under this Indenture of the
holders of Securities of any other series.

 

Upon the
request of the Company, accompanied by a copy of the resolutions of the Board
of Directors authorizing the execution and delivery of any such supplemental
indenture, and upon the filing with the Trustee of evidence of the consent of
Securityholders as aforesaid, the Trustee shall join with the Company in the
execution of such supplemental indenture unless such supplemental indenture
affects the Trustee’s own rights, duties or immunities under this Indenture or
otherwise, in which case the Trustee may in its discretion but shall not be
obligated to, enter into such supplemental indenture.

 

It shall not
be necessary for the consent of the Securityholders under this Section 10.02 to
approve the particular form of any proposed supplemental indenture, but it
shall be sufficient if such consent shall approve the substance thereof.

 

Section 10.03.  Compliance
with Trust Indenture Act; Effect of Supplemental Indentures.  Any supplemental indenture executed
pursuant to the provisions of this Article Ten shall comply with the Trust
Indenture Act of 1939, as then in effect. Upon the execution of any
supplemental indenture pursuant to the provisions of this Article Ten, this
Indenture shall be deemed to be modified and amended in accordance therewith
and the respective rights, limitations of rights, obligations, duties and
immunities under this Indenture of the Trustee, the Company and the holders of
the Securities shall thereafter be determined, exercised and enforced hereunder
subject in all respects to such modifications and amendments, and all the terms
and conditions of any such supplemental indenture

 

52

 

shall be and be deemed to be
part of the terms and conditions of this Indenture for any and all purposes.

 

Section 10.04.  Notation on
Securities.  Securities
authenticated and delivered after the execution of any supplemental indenture
pursuant to the provisions of this Article Ten may bear a notation in form
approved by the Trustee as to any matter provided for in such supplemental
indenture. If the Company or the Trustee shall so determine, new Securities of
any series so modified as to conform, in the opinion of the Trustee and the
Board of Directors, to any modification of this Indenture contained in any such
supplemental indenture may be prepared and executed by the Company,
authenticated by the Trustee and delivered in exchange for the Securities of
such series then Outstanding.

 

Section 10.05.  Evidence of
Compliance of Supplemental Indenture to be Furnished Trustee.  The Trustee, subject to the
provisions of Sections 7.01 and 7.02, may receive an Officers’ Certificate and
an Opinion of Counsel as conclusive evidence that any supplemental indenture executed
pursuant hereto complies with the requirements of this Article Ten.

 

ARTICLE 11

CONSOLIDATION, MERGER, SALE OR CONVEYANCE

 

Section 11.01.  Company May
Not Consolidate, etc., Except Under Certain Conditions. The Company
covenants that it will not merge or consolidate with any other Person or sell,
convey, transfer or otherwise dispose of all or substantially all of its assets
to any other Person, unless (i) either the Company shall be the continuing
corporation, or the successor Person (if other than the Company) shall be a
corporation or a limited liability company organized and existing under the
laws of the United States of America or a state thereof or the District of
Columbia and such corporation or limited liability company shall expressly assume
the due and punctual payment of the principal of, and premium, if any, and
interest, if any, on all the Securities according to their tenor, and the due
and punctual performance and observance of all of the covenants and conditions
of this Indenture to be performed by the Company by supplemental indenture
satisfactory to the Trustee, executed and delivered to the Trustee by such
corporation, and (ii) the Company or such successor corporation or limited
liability company, as the case may be, shall not, immediately after such merger
or consolidation, or such sale, conveyance, transfer or other disposition, be
in default in the performance of any such covenant or condition. In the event
of any such sale, conveyance (other than by way of lease), transfer or other
disposition, the predecessor company may be dissolved, wound up and liquidated
at any time thereafter.

 

53

 

Section 11.02.  Successor
Corporation or Limited Liability Company to be Substituted.  In case of any such
consolidation, merger, sale, conveyance (other than by way of lease), transfer
or other disposition, and upon any such assumption by the successor
corporation, such successor corporation or limited liability company shall
succeed to and be substituted for the Company, with the same effect as if it
had been named herein as the Company, and the Company shall be relieved of any
further obligation under this Indenture and under the Securities. Such
successor corporation or limited liability company thereupon may cause to be
signed, and may issue either in its own name or in the name of Genworth
Financial, Inc., any or all of the Securities issuable hereunder which
theretofore shall not have been signed by the Company and delivered to the
Trustee; and, upon the order of such successor corporation or limited liability
company, instead of the Company, and subject to all the terms, conditions and
limitations in this Indenture prescribed, the Trustee shall authenticate and
shall deliver any Securities which previously shall have been signed and
delivered by the officers of the Company to the Trustee for authentication, and
any Securities which such successor corporation or limited liability company
thereafter shall cause to be signed and delivered to the Trustee for that
purpose. All the Securities so issued shall in all respects have the same legal
rank and benefit under this Indenture as the Securities theretofore or
thereafter issued in accordance with the terms of this Indenture as though all
of such Securities had been issued at the date of the execution hereof.

 

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

 

Section 11.03.  Documents to
be Given Trustee.  The
Trustee, subject to the provisions of Sections 7.01 and 7.02, may receive an
Officers’ Certificate and an Opinion of Counsel as conclusive evidence that any
such consolidation, merger, sale, conveyance, transfer or other disposition,
and any such assumption, comply with the provisions of this Article Eleven.

 

ARTICLE 12

SATISFACTION AND DISCHARGE OF INDENTURE

 

Section 12.01.  Discharge of
Indenture.  When (a) the
Company shall deliver to the Trustee for cancellation all Securities
theretofore authenticated (other than any Securities which shall have been
destroyed, lost or stolen or in lieu of or in substitution for which other
Securities shall have been authenticated and delivered, or which shall have
been paid, pursuant to the provisions of Section 2.07 or Securities for whose
payment money has theretofore been deposited in trust and thereafter repaid to
the Company as provided in Section 12.06) and not theretofore cancelled, or (b)
all the Securities not theretofore cancelled or delivered to the Trustee for
cancellation shall have become due and

 

54

 

payable, or are by their terms
to become due and payable within one year or are to be called for redemption
within one year under arrangements satisfactory to the Trustee for the giving
of notice of redemption, and the Company shall deposit with the Trustee, in
trust, funds sufficient to pay at maturity or upon redemption all of the
Securities (other than any (i) Securities which shall have been destroyed, lost
or stolen and in lieu of or in substitution for which other Securities shall
have been authenticated and delivered, or which shall have been paid, pursuant
to the provisions of Section 2.07 or (ii) Securities for whose payment money
has theretofore been deposited in trust and thereafter repaid to the Company as
provided in Section 12.06) not theretofore cancelled or delivered to the
Trustee for cancellation, including principal, premium, if any, and interest,
if any, due or to become due to such date of maturity or date fixed for
redemption, as the case may be, and if in either case the Company shall also
pay or cause to be paid all other sums payable hereunder by the Company, then
this Indenture shall cease to be of further effect (except as to (i) rights of
registration of transfer and exchange of Securities, (ii) substitution of
mutilated, defaced, destroyed, lost or stolen Securities, (iii) rights of
holders to receive payments of principal thereof and interest thereon, and
remaining rights of the holders to receive mandatory sinking fund payments, if
any, (iv) the rights, obligations and immunities of the Trustee hereunder and
(v) the rights of the Securityholders as beneficiaries hereof with respect to
the property so deposited with the Trustee payable to all or any of them), and
the Trustee, on demand of the Company accompanied by an Officers’ Certificate
and an Opinion of Counsel and at the cost and expense of the Company, shall
execute proper instruments acknowledging satisfaction of and discharging this
Indenture, the Company, however, hereby agreeing to reimburse the Trustee for
any costs or expenses thereafter reasonably and properly incurred by the
Trustee in connection with this Indenture or the Securities.

 

Section 12.02.  Legal
Defeasance.  On the 91st day
following the deposit referred to in clause (a), the Company will be deemed to
have paid and will be discharged from its obligations in respect of the
Securities of the series with respect to which such deposit shall have been
made and the Indenture with respect to such Securities, other than (i) the
rights of the Securityholders of Outstanding Securities of such series to
receive, solely from the trust fund described in clause (a), payments in
respect of the principal of and interest on such securities when such payments
are due and (ii) its obligations in Article Two and Sections 4.02, 7.06, 7.10,
12.06; and 12.07 provided the following conditions have been satisfied:

 

(a)                                  The
Company has irrevocably deposited in trust with the Trustee, as trust funds
solely for the benefit of the Securityholders of such series, money sufficient,
or U.S. Government Obligations, the principal of and interest on which shall be
sufficient, or a combination thereof sufficient, in the opinion of the Board of
Directors of the Company evidenced by a resolution set forth in an Officers’
Certificate delivered to the Trustee, without consideration of any
reinvestment, to pay principal of, premium, if any, and interest, if any, on
the Securities of such

 

55

 

series to maturity or
redemption, as the case may be, provided that any redemption before maturity
has been irrevocably provided for under arrangements satisfactory to the
Trustee.

 

(b)                                 The
deposit will not result in a breach or violation of, or constitute a default
under, the Indenture or any other agreement or instrument to which the Company
is a party or by which it is bound.

 

(c)                                  The
Company has delivered to the Trustee either (x) a ruling received from the
Internal Revenue Service to the effect 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 the defeasance and will be subject to federal income
tax on the same amount and in the same manner and at the same times as would
otherwise have been the case or (y) an Opinion of Counsel, based on a change in
law after the date of the Indenture, to the same effect as the ruling described
in clause (x).

 

(d)                                 The
Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, in each case stating that all conditions precedent provided for herein
relating to the defeasance have been complied with.

 

Prior to the
end of the 91-day period, none of the Company’s obligations under the Indenture
with respect to the Securities of such series will be discharged. Thereafter,
the Trustee, upon the request and at the cost and expense of the Company, will
acknowledge in writing the discharge of the Company’s obligations under the
Securities of such series and the Indenture with respect to such series except
for the surviving obligations specified above.

 

As used
herein, “U.S. Government Obligation” means (x) any security which is (i) a
direct obligation of the United States of America for the payment of which its
full faith and credit is pledged or (ii) an obligation 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, which, in either
case (i) or (ii), is not callable or redeemable at the option of the issuer
thereof, and (y) any depositary receipt issued by a bank (as defined in Section
3(a)(2) of the Securities Act of 1933) as custodian with respect to any U.S.
Government Obligation which is specified in clause (x) above and held by such
bank for the account of the holder of such depositary receipt, or with respect
to any specific payment of principal of or interest on any U.S. Government
Obligation which is so specified and held, provided
that (except as required by law) such custodian is not authorized to make any
deduction from the amount payable to the holder of such depositary receipt from
any amount received by the custodian in respect of the U.S. Government
Obligation or the specific payment of principal or interest evidenced by such
depositary receipt.

 

56

 

Section 12.03.  Covenant
Defeasance.  After the 91st
day following the deposit referred to in clause (a) with respect to the
Securities of a series, the Company’s obligations set forth in the covenant or
covenants for such series of Securities established as contemplated by Section
2.02(19) will terminate, and clauses (d) (to the extent relating to such
covenant or covenants), (e) and (h) of Section 6.01 will no longer constitute
Events of Default with respect to the Securities of a series, provided the
following conditions have been satisfied:

 

(a)                                  the
Company has complied with clauses (a), (b) and (d) of Section 12.02; and

 

(b)                                 the
Company has delivered to the Trustee an Opinion of Counsel to the effect 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 the defeasance and will be
subject to federal income tax on the same amount and in the same manner and at
the same times as would otherwise have been the case.

 

Except as
specifically stated above, none of the Company’s obligations under the
Indenture will be discharged.

 

Section 12.04.  Deposited
Moneys to be Held in Trust by Trustee; Miscellaneous Provisions.  All moneys and U.S. Government
Obligations (including the proceeds thereof) deposited with the Trustee
pursuant to the provisions of, Section 12.02 or 12.03 shall be held in trust
and applied by it to the payment, either directly or through any paying agent
(including the Company if acting as its own paying agent), to the holders of
the particular Securities for payment or redemption of which such moneys or
U.S. Government Obligations have been deposited with the Trustee, of all sums
due and to become due thereon for principal, premium, if any, and interest, if
any.

 

The Company
shall pay and indemnify the Trustee against any tax, fee or other charge
imposed on or assessed against the U.S. Government Obligations deposited
pursuant to Section 12.01 or 12.03 or the principal and interest received in
respect thereof other than any such tax, fee or other charge which by law is
for the account of the holders of the Securities.

 

Anything in
this Article to the contrary notwithstanding, the Trustee shall deliver or pay
to the Company from time to time upon request of the Company any money or U.S.
Government Obligations held by it as provided in Section 12.02 or 12.03 with
respect to any Securities which, in the opinion of a nationally recognized firm
of independent public accountants expressed in a written certification thereof
delivered to the Trustee, are in excess of the amount thereof which would then
be required to be deposited to effect the legal defeasance or covenant
defeasance, as the case may be, with respect to such Securities.

 

Section 12.05.  Paying Agent
to Repay Moneys Held.  Upon
the satisfaction and discharge of this Indenture all moneys then held by any
paying

 

57

 

agent of the Securities (other
than the Trustee) shall, upon demand of the Company, be repaid to the Company
or paid to the Trustee, and thereupon such paying agent shall be released from
all further liability with respect to such moneys.

 

Section 12.06.  Return of
Unclaimed Moneys.  Any moneys
deposited with or paid to the Trustee for payment of the principal of, premium,
if any, or interest, if any, on Securities of any series and not applied but
remaining unclaimed by the holders of Securities of that series for two years
after the date upon which the principal of, premium, if any, or interest, if
any, on such Securities, as the case may be, shall have become due and payable,
shall be repaid to the Company by the Trustee on written demand; and the holder
of any such Securities shall thereafter look only to the Company for any
payment which such holder may be entitled to collect and all liability of the
Trustee with respect to such money shall thereupon cease.

 

Section 12.07.    Reinstatement.  If and for so long as the Trustee is unable to apply
any money or U.S. Government Obligations held in trust pursuant to Section
12.01, 12.02 or 12.03 by reason of any legal proceeding or by reason of any
order or judgment of any court or governmental authority enjoining, restraining
or otherwise prohibiting such application, the Company’s obligations under the
Indenture and the Securities will be reinstated as though no such deposit in
trust had been made. If the Company makes any payment of principal of or
interest on any Securities because of the reinstatement of its obligations, it
will be subrogated to the rights of the Securityholders of such Securities to
receive such payment from the money or U.S. Government Obligations held in
trust.

 

ARTICLE 13

IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS

 

Section 13.01.  Indenture
and Securities Solely Corporate Obligations. 
No recourse for the payment of the principal of, premium, if
any, or interest, if any, on any Security, or for any claim based thereon or
otherwise in respect thereof, and no recourse under or upon any obligation,
covenant or agreement of the Company in this Indenture or in any supplemental
indenture, or in any Security, or because of the creation of any indebtedness
represented thereby, shall be had against any incorporator, stockholder,
officer or director, as such, past, present or future, of the Company or of any
successor corporation, either directly or through the Company or any successor
corporation, whether by virtue of any constitution, statute or rule of law, or
by the enforcement of any assessment or penalty or otherwise; it being
expressly understood that all such liability is hereby expressly waived and
released as a condition of, and as a consideration for, the execution of this
Indenture and the issue of the Securities.

 

58

 

ARTICLE 14

MISCELLANEOUS PROVISIONS

 

Section 14.01.  Provisions
Binding on Company’s Successors.  All
the covenants, stipulations, promises and agreements in this Indenture
contained by the Company shall bind its successors and assigns whether so
expressed or not.

 

Section 14.02.  Official
Acts by Successor Corporation.  Any
act or proceeding by any provision of this Indenture authorized or required to
be done or performed by any board, committee or officer of the Company shall
and may be done and performed with like force and effect by the like board,
committee or officer of any corporation that shall at the time be the lawful
sole successor of the Company.

 

Section 14.03.  Addresses
for Notices, Notice to Holders, Waiver. 
Any notice or demand which by any provision of this Indenture
is required or permitted to be given or served by the Trustee or by the holders
of Securities on the Company may be given or served by being deposited postage
prepaid by first class mail in a post office letter box addressed (until
another address is filed by the Company with the Trustee) to Genworth
Financial, Inc., 6620 West Broad Street, Richmond, Virginia 23230. Any notice,
direction, request or demand by any Securityholder to or upon the Trustee shall
be deemed to have been sufficiently given or made, for all purposes, if given
or made in writing at the principal corporate trust office of the Trustee,
addressed to the attention of its corporate trust office as specified in
Section 7.13 hereof or to any successor office established by notice given by
the Trustee to the Company pursuant to this Section 14.03.

 

Where this
Indenture provides for notice of holders of any event, such notice shall be
sufficiently given (unless otherwise herein expressly provided) if in writing
and mailed, first-class postage prepaid, to each holder affected by such event,
at his address as it appears in the Security register, not later than the
latest date (if any), and not earlier than the earliest date (if any),
prescribed for the giving of such notice. In any case where notice to holders
is given by mail, neither the failure to mail such notice, nor any defect in
any notice so mailed, to any particular holder shall affect the sufficiency of
such notice with respect to other holders. Where this Indenture provides for
notice in any manner, such notice may be waived in writing by the Person
entitled to receive such notice, either before or after the event, and such
waiver shall be the equivalent of such notice. Waivers of notice by holders
shall be filed with the Trustee, but such filing shall not be a condition
precedent to the validity of any action taken in reliance upon such waiver.

 

In case by
reason of the suspension of regular mail service or by reason of any other
cause it shall be impracticable to give such notice by mail, then such

 

59

 

notification as shall be made
with approval of the Trustee shall constitute a sufficient notification for
every purpose hereunder.

 

Section 14.04.  New York
Contract.  This Indenture and
each Security shall be deemed to be a contract made under the laws of the State
of New York, and for all purposes shall be construed in accordance with the
laws of said State.

 

Section 14.05.  Evidence of
Compliance with Conditions Precedent.  Upon
any application or demand by the Company to the Trustee to take any action
under any of the provisions of this Indenture, the Company shall furnish to the
Trustee an Officers’ Certificate stating that all conditions precedent, if any,
provided for in this Indenture relating to the proposed action have been
complied with and an Opinion of Counsel stating that, in the opinion of such
counsel, all such conditions precedent have been complied with.

 

Each certificate
or opinion provided for in this Indenture and delivered to the Trustee with
respect to compliance with a condition or covenant provided for in this
Indenture shall include: (1) a statement that the person making such
certificate or opinion has read such covenant or condition; (2) a brief
statement as to the nature and scope of the examination or investigation upon
which the statements or opinion contained in such certificate or opinion are
based; (3) a statement that, in the opinion of such person, he has made such
examination or investigation as is necessary to enable him to express an
informed opinion as to whether or not such covenant or condition has been
complied with; and (4) a statement as to whether or not, in the opinion of such
person, such condition or covenant has been complied with.

 

Section 14.06.  Legal
Holidays.  In any case where
the date of maturity of interest, if any, on or principal of, or premium, if
any, on the Securities or the date fixed for redemption or repayment of any Security
will be in The City of New York, New York, a Saturday, a Sunday, a legal
holiday or a day on which banking institutions are authorized or required by
law or executive order to close or remain closed, then payment of such
interest, if any, on or principal of or premium, if any, on the Securities need
not be made on such date but may be made on the next succeeding day not in such
city, a Saturday, a Sunday, a legal holiday or a day on which banking
institutions are authorized or required by law or executive order to close or
remain closed, with the same force and effect as if made on the date of
maturity or a date fixed for redemption or repayment, and no interest shall
accrue for the period from and after such date.

 

Section 14.07.  Securities
in a Specified Currency other than Dollars. 
Unless otherwise specified as contemplated by Section 2.02
with respect to a particular series of Securities, whenever for purposes of
this Indenture any action may be taken by the holders of a specified percentage
in aggregate principal amount of Securities of all series or all series
affected by a particular action at the time Outstanding and, at such time,
there are Outstanding any Securities of any

 

60

 

series which are denominated in
a Specified Currency other than Dollars then the principal amount of Securities
of such series which shall be deemed to be Outstanding for the purpose of
taking such action shall be that amount of Dollars that could be obtained for
such amount of such Specified Currency at the Market Exchange Rate. For
purposes of this Section 14.07, Market Exchange Rate shall mean the noon Dollar
buying rate in New York City for cable transfers of the Specified Currency
published by the Federal Reserve Bank of New York. If such Market Exchange Rate
is not available for any reason with respect to such Specified Currency, the
Trustee shall use, in its sole discretion and without liability on its part,
such quotation of the Federal Reserve Bank of New York or such other quotations
as the Trustee shall deem appropriate. The provisions of this paragraph shall
apply in determining the equivalent principal amount in respect of Securities
of a series denominated in a Specified Currency other than Dollars in connection
with any action taken by holders of Securities pursuant to the terms of this
Indenture, including, without limitation, any determination contemplated in
Section 6.01(d) or (e).

 

All decisions
and determination of the Trustee regarding the Market Exchange Rate or any
alternative determination provided for in the preceding paragraph shall be in
its sole discretion and shall, in the absence of manifest error, be conclusive
to the extent permitted by law for all purposes and irrevocably binding upon
the Company and all Securityholders.

 

Section 14.08.  Trust
Indenture Act to Control.  If
and to the extent that any provision of this Indenture limits, qualifies or
conflicts with the duties imposed by, or with another provision (an
“incorporated provision”) included in this Indenture by operation of, Sections
310 to 318, inclusive, of the Trust Indenture Act of 1939, such imposed duties
or incorporated provision shall control.

 

Section 14.09.  Table of
Contents, Headings, etc.  The
table of contents and the titles and headings of the articles and sections of
this Indenture have been inserted for convenience of reference only, are not to
be considered a part hereof, and shall in no way modify or restrict any of the
terms or provisions hereof.

 

Section 14.10.  Execution in
Counterparts.  This Indenture
may be executed in any number of counterparts, each of which shall be an
original, but such counterparts shall together constitute but one and the same
instrument.

 

Section 14.11. 
Separability; Benefits.  In
case any provision in this Indenture or in the Securities shall be invalid,
illegal or unenforceable, the validity, legality and enforceability of the
remaining provisions shall not in any way be affected or impaired thereby.

 

Nothing in
this Indenture or in the Securities, expressed or implied, shall give to any
person, other than the parties hereto and their successors hereunder,

 

61

 

and the holders of the
Securities, any benefit or any legal or equitable right, remedy or claim under
this Indenture.

 

62

 

IN WITNESS
WHEREOF, the parties hereto have caused this Indenture to be duly executed, and
their respective corporate seals to be hereunto affixed and attested, all as of
              ,
2004.

 

 

	
   

  	
  GENWORTH
  FINANCIAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  
	
  [CORPORATE
  SEAL]

  	
   

  
	
   

  	
   

  
	
  Attest:

  	
   

  
	
   

  	
   

  
	
  By

  	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE BANK OF
  NEW YORK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  
	
  [CORPORATE
  SEAL]

  	
   

  
	
   

  	
   

  
	
  Attest:

  	
   

  
	
   

  	
   

  
	
  By

  	
   

  	
   

  	
   

  
							

 

63

 

IN WITNESS
WHEREOF, the parties hereto have caused this Indenture to be duly executed, and
their respective corporate seals to be hereunto affixed and attested, all as of
              ,
2004.

 

 

	
   

  	
  GENWORTH
  FINANCIAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  
	
  [CORPORATE
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64

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00065-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00065-of-00352.parquet"}]]