Document:

exv10w46

Exhibit 10.46

28 March 2011

Philip Emery

Langley, England

Dear Philip,

This letter confirms the changes to the terms and conditions of your employment, as set forth
below, which take effect 1st April 2011.

	 	 	 
	Pension:

	 	Group Personal Pension Plan. The company contributions are capped at the lesser of (a) 15%
of your then-current annual base salary or (b) the maximum amount of the annual allowance
permitted by HM Revenue & Customs without additional tax (i.e. £50,000 per annum for the
2011-2012 tax year), to be contributed monthly by the Company. You are not required to
contribute in order to receive these Company contributions, but in the event that the
Company’s contributions are less than the maximum amount of the annual allowance permitted by
HM Revenue & Customs without additional tax (i.e. £50,000 per annum for the 2011-2012 tax
year), you can contribute the difference between the Company’s contributions and the maximum
amount of the annual allowance permitted by HM Revenue & Customs without additional tax (i.e.,
based on your current base salary of £285,000, you can contribute £7,250 for the 2011-2012 tax
year).

All other terms and conditions of your employment remain unchanged. Please sign below and return
this letter to Lee Golding in Human Resources in order to take advantage of these benefits.

Yours sincerely,

/s/ Gordon Wilson

Gordon Wilson

Deputy CEO Travelport & President and CEO Travelport GDS

Director, Travelport International Limited

I, Philip Emery, confirm that I accept and understand the terms contained within this letter.

	 	 	 
	Signature
	 	/s/ Philip Emery
	 
	 	 
	 
	 	 
	Date
	 	29-03-11
	 
	 	 

Travelport International Ltd. Registered Office: Axis One, Axis Park, 10 Hurricane Way, Langley, Berkshire, SL3 8AG,

United Kingdom

Registered in England and Wales No. 1254977exv4w2

Exhibit 4.2

 

UNILIFE CORPORATION

Company

AND

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

Trustee

INDENTURE

 

Dated
as of                                

 

Debt Securities

 

 

 

CROSS-REFERENCE TABLE*

	 	 	 	 	 
	Section of	 	 
	First Indenture Act	 	Section of
	of 1939, as amended	 	Indenture
	310(a)

	 	7.09
	310(b)

	 	7.08
	 

	 	7.10
	310(c)

	 	Inapplicable
	311(a)

	 	713(a)
	311(b)

	 	713(b)
	311(c)

	 	Inapplicable

	312(a)

	 	5.01
	 

	 	5.02(a)
	312(b)

	 	5.02(b)
	312(c)

	 	5.02(c)
	313(a)

	 	5.04(a)
	313(b)

	 	5.04(b)
	313(c)

	 	5.04(a)
	 

	 	5.04(b)
	313(d)

	 	5.04(c)
	314(a)

	 	5.03
	314(b)

	 	Inapplicable

	314(c)

	 	Inapplicable

	314(d)

	 	Inapplicable

	314(e)

	 	Inapplicable

	314(f)

	 	Inapplicable

	315(a)

	 	7.01(a)
	 

	 	7.02
	315(b)

	 	6.07
	315(c)

	 	7.01
	315(d)

	 	7.01(b)
	 

	 	7.01(c)
	315(e)

	 	6.07
	316(a)

	 	6.06
	 

	 	8.04
	316(b)

	 	6.04
	316(c)

	 	8.01
	317(a)

	 	6.02
	317(b)

	 	4.03
	318(a)

	 	13.06

 

			
	*	 	This Cross-Reference Table
does not constitute part of the
Indenture and shall not have any
bearing on the interpretation of any
of its terms or provisions.

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	ARTICLE 1
DEFINITIONS

	 
	 	 	 	 	 	 
	Section 1.01.

	 	Definitions of Terms
	 	 	1	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	ARTICLE 2

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

	 
	 	 	 	 	 	 
	Section 2.01.

	 	Designation and Terms of Securities
	 	 	6	 
	Section 2.02.

	 	Form of Securities and Trustee’s Certificate
	 	 	7	 
	Section 2.03.

	 	Denominations; Provision for Payment
	 	 	8	 
	Section 2.04.

	 	Execution and Authentications
	 	 	9	 
	Section 2.05.

	 	Registration of Transfer and Exchange
	 	 	10	 
	Section 2.06.

	 	Temporary Securities
	 	 	11	 
	Section 2.07.

	 	Mutilated, Destroyed, Lost or Stolen Securities
	 	 	12	 
	Section 2.08.

	 	Cancellation
	 	 	12	 
	Section 2.09.

	 	Benefits of Indenture
	 	 	13	 
	Section 2.10.

	 	Authenticating Agent
	 	 	13	 
	Section 2.11.

	 	Global Securities
	 	 	13	 
	Section 2.12.

	 	CUSIP Numbers
	 	 	14	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	ARTICLE 3

REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS

	 
	 	 	 	 	 	 
	Section 3.01.

	 	Redemption
	 	 	15	 
	Section 3.02.

	 	Notice of Redemption
	 	 	15	 
	Section 3.03.

	 	Payment Upon Redemption
	 	 	16	 
	Section 3.04.

	 	Sinking Fund
	 	 	16	 
	Section 3.05.

	 	Satisfaction of Sinking Fund Payments with Securities
	 	 	17	 
	Section 3.06.

	 	Redemption of Securities for Sinking Fund
	 	 	17	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	ARTICLE 4

CERTAIN COVENANTS

	 
	 	 	 	 	 	 
	Section 4.01.

	 	Payment of Principal, Premium and Interest
	 	 	17	 
	Section 4.02.

	 	Maintenance of Office or Agency
	 	 	17	 
	Section 4.03.

	 	Paying Agents
	 	 	18	 
	Section 4.04.

	 	Appointment to Fill Vacancy in Office of Trustee
	 	 	19	 
	Section 4.05.

	 	Compliance with Consolidation Provisions
	 	 	19	 
	Section 4.06.

	 	Limitation on Liens on Stock of Significant Subsidiaries
	 	 	19	 
	Section 4.07.

	 	Trustee’s Obligations with Respect to the Covenants
	 	 	19	 

-i- 

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Section 4.08.

	 	Compliance Certificate
	 	 	20	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	ARTICLE 5

SECURITYHOLDERS LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE

	 
	 	 	 	 	 	 
	Section 5.01.

	 	Company to Furnish Trustee Names and Addresses of Securityholders
	 	 	20	 
	Section 5.02.

	 	Preservation of information; Communications with Securityholders
	 	 	20	 
	Section 5.03.

	 	Reports by the Company
	 	 	20	 
	Section 5.04.

	 	Reports by the Trustee
	 	 	21	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	ARTICLE 6

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT

	 
	 	 	 	 	 	 
	Section 6.01.

	 	Events of Default
	 	 	22	 
	Section 6.02.

	 	Collection of Indebtedness and Suits for Enforcement by Trustee
	 	 	24	 
	Section 6.03.

	 	Application of Moneys Collected
	 	 	25	 
	Section 6.04.

	 	Limitation on Suits
	 	 	25	 
	Section 6.05.

	 	Rights and Remedies Cumulative; Delay or Omission not Waiver
	 	 	26	 
	Section 6.06.

	 	Control by Securityholders
	 	 	27	 
	Section 6.07.

	 	Undertaking to Pay Costs
	 	 	27	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	ARTICLE 7

CONCERNING THE TRUSTEE

	 
	 	 	 	 	 	 
	Section 7.01.

	 	Certain Duties and Responsibilities of Trustee
	 	 	28	 
	Section 7.02.

	 	Certain Rights of Trustee
	 	 	29	 
	Section 7.03.

	 	Trustee not Responsible for Recitals or Issuance or Securities
	 	 	30	 
	Section 7.04.

	 	May Hold Securities
	 	 	31	 
	Section 7.05.

	 	Moneys Held in Trust
	 	 	31	 
	Section 7.06.

	 	Compensation and Reimbursement
	 	 	31	 
	Section 7.07.

	 	Reliance on Officers’ Certificate
	 	 	31	 
	Section 7.08.

	 	Disqualification; Conflicting Interests
	 	 	32	 
	Section 7.09.

	 	Corporate Trustee Required, Eligibility
	 	 	32	 
	Section 7.10.

	 	Resignation and Removal; Appointment of Successor
	 	 	32	 
	Section 7.11.

	 	Acceptance of Appointment by Successor
	 	 	33	 
	Section 7.12.

	 	Merger, Conversion, Consolidation or Succession to Business
	 	 	35	 
	Section 7.13.

	 	Preferential Collection of Claims Against the Company
	 	 	35	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	ARTICLE 8

CONCERNING THE SECURITYHOLDERS

	 
	 	 	 	 	 	 
	Section 8.01.

	 	Evidence of Action by Securityholders
	 	 	35	 

-ii- 

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Section 8.02.

	 	Proof of Execution by Securityholders
	 	 	36	 
	Section 8.03.

	 	Who May be Deemed Owners
	 	 	36	 
	Section 8.04.

	 	Certain Securities Owned by Company Disregarded
	 	 	36	 
	Section 8.05.

	 	Actions Binding on Future Securityholders
	 	 	37	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	ARTICLE 9

SUPPLEMENTAL INDENTURES

	 
	 	 	 	 	 	 
	Section 9.01.

	 	Supplemental Indentures Without the Consent of Securityholders
	 	 	37	 
	Section 9.02.

	 	Supplemental Indentures With Consent of Securityholders
	 	 	38	 
	Section 9.03.

	 	Effect of Supplemental Indentures
	 	 	38	 
	Section 9.04.

	 	Securities Affected by Supplemental Indentures
	 	 	39	 
	Section 9.05.

	 	Execution of Supplemental Indentures
	 	 	39	 
	Section 9.06.

	 	Conformity with Trust Indenture Act
	 	 	39	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	ARTICLE 10

SUCCESSOR CORPORATION

	 
	 	 	 	 	 	 
	Section 10.01.

	 	Company May Consolidate, Etc., Only on Certain Terms
	 	 	40	 
	Section 10.02.

	 	Successor Substitute
	 	 	40	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	ARTICLE 11

DEFEASANCE AND DISCHARGE

	 
	 	 	 	 	 	 
	Section 11.01.

	 	Discharge of Company’s Obligations
	 	 	41	 
	Section 11.02.

	 	Legal Defeasance
	 	 	41	 
	Section 11.03.

	 	Covenant Defeasance
	 	 	42	 
	Section 11.04.

	 	Application of Trust Money
	 	 	43	 
	Section 11.05.

	 	Repayment to Company
	 	 	43	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	ARTICLE 12

IMMUNITY OF INCORPORATORS, SHAREHOLDERS, OFFICERS AND DIRECTORS

	 
	 	 	 	 	 	 
	Section 12.01.

	 	No Recourse
	 	 	44	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	ARTICLE 13

MISCELLANEOUS PROVISIONS

	 
	 	 	 	 	 	 
	Section 13.01.

	 	Effect on Successors and Assigns
	 	 	44	 
	Section 13.02.

	 	Actions by Successor
	 	 	44	 
	Section 13.03.

	 	Surrender of Company Powers
	 	 	45	 
	Section 13.04.

	 	Notices
	 	 	45	 

-iii- 

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Section 13.05.

	 	Governing Law
	 	 	45	 
	Section 13.06.

	 	Compliance Certificates and Opinions
	 	 	45	 
	Section 13.07.

	 	Payments on Business Days
	 	 	46	 
	Section 13.08.

	 	Conflict with Trust Indenture Act
	 	 	46	 
	Section 13.09.

	 	Counterparts
	 	 	46	 
	Section 13.10.

	 	Separability
	 	 	46	 
	Section 13.11.

	 	Assignment
	 	 	46	 
	Section 13.12.

	 	Waiver of Jury Trial
	 	 	46	 
	Section 13.13.

	 	Force Majeure
	 	 	47	 

-iv-

 

     INDENTURE, dated as of      , between UNILIFE CORPORATION, a Delaware corporation (the
“Company”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a New York banking corporation, as
trustee (the “Trustee”):

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

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

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

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

ARTICLE 1

DEFINITIONS

     Section 1.01. Definitions of Terms.

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

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

     “Authorized Newspaper” means a newspaper in the English language or in an official language of
the country of publication, customarily printed on each Business Day, whether or not published on
Saturdays, Sundays or holidays, and of general circulation in the place in connection with which
the term is used or in the financial community of such place. If, because of temporary suspension
of publication or general circulation of any newspaper or for any other reason, it is impossible or
impracticable to make any publication of any notice required by this Indenture in the manner herein
provided, such publication or other notice in lieu thereof which is made at the written direction
of the Company by the Trustee shall constitute a sufficient publication of such notice.

 

 

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

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

     “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
Secretary of the Company to have been duly adopted by the Board of Directors and to be in full
force and effect on the date of such certification.

     “Business Day” means, with respect to any series of Securities, any day other than a day on
which Federal or State banking institutions in the Borough of Manhattan, The City of New York, are
authorized or obligated by law, executive order or regulation to close.

     “Commission” means the United States Securities and Exchange Commission and any successor
thereto.

     “Company” means Unilife Corporation, a corporation duly organized and existing under the laws
of the State of Delaware, and, subject to the provisions of Article 10, shall also include its
successors and assigns.

     “Corporate Trust Office” means the office of the Trustee at which, at any particular time, its
corporate trust business shall be principally administered, which office is located at 101 Barclay
Street, Floor 8 West, New York, New York 10286, Attention: Corporate Trust Administration, or such
other address as the Trustee may designate from time to time by notice to the Securityholders and
the Company, or the principal corporate trust office of any successor Trustee (or such other
address as such successor Trustee may designate from time to time by notice to the Securityholders
and the Company).

     “Custodian” means any receiver, trustee, assignee, liquidator, or similar official under any
Bankruptcy Law.

     “Default” means any event, act or condition that with notice or lapse of time, or both, would
constitute an Event of Default.

     “Defaulted Interest” has the meaning assigned to such term in Section 2.03.

     “Depositary” means, with respect to Securities of any series, for which the Company shall
determine that such Securities will be issued as a Global Security, The Depository Trust Company,
New York, New York, another clearing agency, or any successor registered as a clearing agency under
the Exchange Act or other applicable statute or regulation, which, in each case, shall be
designated by the Company pursuant to either Section 2.01 or Section 2.11.

     “Event of Default” means, with respect to Securities of a particular series, any event
specified in Section 6.01, continued for the period of time, if any, therein designated.

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

2

 

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

     “Governmental Obligations” means securities that are (i) direct obligations of the United
States of America for the payment of which its full faith and credit is pledged or (ii) obligations
of a Person controlled or supervised by and acting as an agency or instrumentality of the United
States of America, the payment of which is unconditionally guaranteed as a full faith and credit
obligation by the United States of America that, in either case, are not callable or redeemable at
the option of the issuer thereof, and shall also include a depositary receipt issued by a bank (as
defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any such
Governmental Obligation or a specific payment of principal of or interest on any such Governmental
Obligation held by such custodian for the account of the holder of such depositary receipt;
provided, however, that (except as required by law) such custodian is not
authorized to make any deduction from any amount payable to the holder of such depositary receipt,
or from any amount received by the custodian in respect of the Governmental Obligation, or from any
specific payment of principal of or interest on the Governmental Obligation evidenced by such
depositary receipt.

     “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.

     “Indebtedness” of any person means the principal of (and premium, if any) and interest due on
indebtedness of such Person, whether outstanding on the date of this Indenture or thereafter
created, incurred or assumed, which is (a) indebtedness for money borrowed, and (b) any amendments,
renewals, extensions, modifications and refundings of any such indebtedness. For the purposes of
this definition, “indebtedness for money borrowed” means (i) any obligation of, or any obligation
guaranteed by, such Person for the repayment of borrowed money, whether or not evidenced by bonds,
debentures, notes or other written instruments, (ii) any obligation of, or any such obligation
guaranteed by, such Person evidenced by bonds, debentures, notes or similar written instruments,
including obligations assumed or incurred in connection with the acquisition of property, assets or
businesses (provided, however, that the deferred purchase price of any business or
property or assets shall not be considered Indebtedness if the purchase price thereof is payable in
full within 90 days from the date on which such indebtedness was created), and (iii) any
obligations of such Person as lessee under leases required to be capitalized on the balance sheet
of the lessee under generally accepted accounting principles and leases of property or assets made
as part of any sale and lease-back transaction to which such Person is a party. For purposes of the
covenant under Section 4.06 of this Indenture only, Indebtedness also includes any obligation of,
or any obligation guaranteed by, any Person for the payment of amounts due under a swap agreement
or similar instrument or agreement, or under a foreign currency hedge or similar instrument or
agreement.

     “Indenture” means this instrument as originally executed or as it may from time to time be
supplemented or amended by one or more indentures supplemental hereto entered into in accordance
with the terms hereof.

3

 

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

     “Officers’ Certificate” means a certificate, signed by any two of the Chief Financial Officer,
the Treasurer and an Assistant Treasurer of the Company, provided that at least one such
officer is the Chief Financial Officer or the Treasurer of the Company, that is delivered to the
Trustee in accordance with the terms hereof. Each such certificate shall include the statements
provided for in Section 13.06, if and to the extent required by the provisions thereof.

     “Opinion of Counsel” means an opinion in writing of legal counsel, who may be an employee of
or counsel for the Company, that is delivered to the Trustee in accordance with the terms hereof.
Each such opinion shall include the statements provided for in Section 13.06, if and to the extent
required by the provisions thereof.

     “Outstanding”, when used with reference to Securities of any series, means, subject to the
provisions of Section 8.04, as of any particular time, all Securities of that series theretofore
authenticated and delivered by the Trustee under this Indenture, except: (a) Securities theretofore
canceled by the Trustee or any paying agent, or delivered to the Trustee or any paying agent for
cancellation or that have previously been canceled; (b) Securities or portions thereof for the
payment or redemption of which moneys or Governmental Obligations 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, however, that if such Securities or portions of such
Securities are to be redeemed prior to the maturity thereof, notice of such redemption shall have
been given as specified in Article 3 or provision satisfactory to the Trustee shall have been made
for giving such notice; and (c) Securities in lieu of or in substitution for which other Securities
shall have been authenticated and delivered, or securities which shall have been paid, pursuant to
the terms of Section 2.07.

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

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

     “Responsible Officer” when used with respect to the Trustee means any officer in its corporate
trust department or any other officer or assistant officer of the Trustee customarily performing
functions similar to those performed by the Persons who at the time shall be such officers,
respectively, or to whom any corporate trust matter is referred because of his or her

4

 

knowledge of and familiarity with the particular subject and who shall have direct
responsibility for the administration of this Indenture.

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

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

     “Securityholder”, “holder of Securities”, “registered holder”, or other similar term, means
the Person or Persons in whose name or names a particular Security shall be registered on the books
of the Company kept for that purpose in accordance with the terms of this Indenture.

     “Security Register” has the meaning assigned to such term in Section 2.05(b).

     “Security Registrar” has the meaning assigned to such term in Section 2.05(b).

     “Significant Subsidiary” means [ ].

     “Subsidiary” means, with respect to any Person, (i) any corporation, limited liability company
or other unincorporated entity at least a majority of whose outstanding Voting Stock shall at the
time be owned, directly or indirectly, by such Person or by one or more of its Subsidiaries or by
such Person and one or more of its Subsidiaries, (ii) any general partnership, joint venture or
similar entity, at least a majority of whose outstanding partnership or similar interests shall at
the time be owned by such Person, or by one or more of its Subsidiaries, or by such Person and one
or more of its Subsidiaries and (iii) any limited partnership of which such Person or any of its
Subsidiaries is a general partner.

     “Trustee” means The Bank of New York Mellon Trust Company, N.A., and, subject to the
provisions of Article 7, shall also include its successors and assigns, and, if at any time there
is more than one Person acting in such capacity hereunder, “Trustee” shall mean each such Person.
The term “Trustee” as used with respect to a particular series of the Securities shall mean the
trustee with respect to that series.

     “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended, subject to the
provisions of Section 9.01 and Section 9.02, as in effect at the date of execution of this
instrument.

     “UCC” means the Uniform Commercial Code, as in effect in each applicable jurisdiction.

     “Voting Stock”, as applied to stock of any Person, means shares, interests, participations or
other equivalents in the equity interest (however designated) in such Person having ordinary voting
power for the election of a majority of the directors (or the equivalent) of such Person, other
than shares, interests, participations or other equivalents having such power only by reason of the
occurrence of a contingency.

5

 

ARTICLE 2

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

SECURITIES

     Section 2.01. Designation and Terms of Securities.

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

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

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

     (c) the date or dates on which the principal of the Securities of the series is payable;

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

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

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

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

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

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

6

 

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

     (k) any and all other terms with respect to such series (which terms shall not be inconsistent
with the terms of this Indenture) including any terms which may be required by or advisable under
United States laws or regulations or advisable in connection with the marketing of Securities of
that series;

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

     (m) whether the Securities will be convertible into shares of common stock or other securities
of the Company and, if so, the terms and conditions upon which such Securities will be so
convertible, including the conversion price and the conversion period;

     (n) 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;

     (o) any additional or different Events of Default or restrictive covenants provided for with
respect to the Securities of the series;

     (p) any provisions granting special rights to Securityholders when a specified event occurs;
and

     (q) any special tax implications of the Securities of the series, including provisions for an
original issue discount, if offered.

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

     If any of the terms of the series are established by action taken pursuant to a Board
Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or
an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of
the Officers’ Certificate setting forth the terms of the series.

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

     Section 2.02. Form of Securities and Trustee’s Certificate.

     The Securities of any series and the Trustee’s certificate of authentication to be borne by
such Securities shall be substantially of the tenor and purport as set forth in one or more
indentures supplemental hereto or as provided by or pursuant to a Board Resolution and set forth in
an Officers’ Certificate, and may have such letters, numbers or other marks of identification or

7

 

designation and such legends or endorsements printed, lithographed or engraved thereon as the
Company may deem appropriate and as are not inconsistent with the provisions of this Indenture, or
as may be required to comply with any law or with any rule or regulation made pursuant thereto or
with any rule or regulation of any stock exchange on which Securities of that series may be listed,
or to conform to usage.

     Section 2.03. Denominations; Provision for Payment.

     The Securities shall be issuable as registered Securities without coupons and in the
denominations of one thousand U.S. dollars ($1,000) or any integral multiple thereof, subject to
Section 2.01(k). The Securities of a particular series shall bear interest payable on the dates
and at the rate or rates specified with respect to that series. The principal of and the interest
on the Securities of any series, as well as any premium thereon in case of redemption thereof prior
to maturity, shall be payable in the coin or currency of the United States of America that at the
time is legal tender for public and private debt, at the office or agency of the Company maintained
for that purpose in the Borough of Manhattan, the City and State of New York. Each Security shall
be dated the date of its authentication. Interest on the Securities shall be computed on the basis
of a 360-day year composed of twelve 30-day months.

     The interest installment on any Security that is payable, and is punctually paid or duly
provided for, on any Interest Payment Date for Securities of that series shall be paid to the
Person in whose name said Security (or one or more Predecessor Securities) is registered at the
close of business on the regular record date for such interest installment. In the event that any
Security of a particular series or portion thereof is called for redemption and the redemption date
is subsequent to a regular record date with respect to any Interest Payment Date and prior to such
Interest Payment Date, interest on such Security will be paid upon presentation and surrender of
such Security as provided in Section 3.03.

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

     (a) The Company may make payment of any Defaulted Interest on Securities to the Persons in
whose names such Securities (or their respective Predecessor Securities) are registered at the
close of business on a special record date for the payment of such Defaulted Interest, which shall
be fixed in the following manner: the Company shall notify the Trustee in writing of the amount of
Defaulted Interest proposed to be paid on each such Security and the date of the proposed payment,
and at the same time the Company shall deposit with the Trustee an amount of money equal to the
aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make
arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed
payment, such money when deposited to be held in trust for the benefit of the Persons entitled to
such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a special
record date for the payment of such Defaulted Interest which shall not be more than 15 nor less
than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt
by the Trustee of the notice of the proposed payment. The Trustee shall

8

 

promptly notify the Company of such special record date and, in the name and at the expense of
the Company, shall cause notice of the proposed payment of such Defaulted Interest and the special
record date therefor to be mailed, first class postage prepaid, to each Securityholder at his or
her address as it appears in the Security Register (as hereinafter defined), not less than 10 days
prior to such special record date. Following such mailing of notice of the proposed payment of
such Defaulted Interest and the special record date, such Defaulted Interest shall be paid to the
Persons in whose names such Securities (or their respective Predecessor Securities) are registered
on such special record date and shall be no longer payable pursuant to the following clause (b).

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

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

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

     Section 2.04. Execution and Authentications.

     The Securities shall be signed on behalf of the Company by any two of its officers among the
Chief Financial Officer, the Treasurer and an Assistant Treasurer, provided that at least
one such officer is the Chief Financial Officer or the Treasurer and attested by its Secretary or
one of its Assistant Secretaries. Signatures may be in the form of a manual or facsimile
signature. The Company may use the facsimile signature of any Person who shall have been a Chief
Financial Officer, Treasurer or Assistant Treasurer thereof, or of any Person who shall have been a
Secretary or Assistant Secretary thereof, notwithstanding the fact that at the time the Securities
shall be authenticated and delivered or disposed of such Person shall have ceased to be the Chief
Financial Officer, Treasurer or Assistant Treasurer, or the Secretary or an Assistant Secretary, of
the Company. The Securities may contain such notations, legends or endorsements as are required by
law, stock exchange rule or usage. Each Security shall be dated the date of its authentication by
the Trustee.

9

 

     A Security shall not be valid until authenticated manually by an authorized signatory of the
Trustee, or by an Authenticating Agent. Such signature shall be conclusive evidence that the
Security so authenticated has been duly authenticated and delivered hereunder and that the holder
of such Security is entitled to the benefits of this Indenture.

     At any time and from time to time after the execution and delivery of this Indenture, the
Company may deliver Securities of any series executed by the Company to the Trustee for
authentication, together with a written order of the Company for the authentication and delivery of
such Securities, signed by its Chief Financial Officer, Treasurer or any Assistant Treasurer and
its Secretary or any Assistant Secretary, and the Trustee in accordance with such written order
shall authenticate and deliver such Securities.

     In authenticating such Securities and accepting the additional responsibilities under this
Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to
Section 7.01) shall be fully protected in relying upon (i) an Officer’s Certificate or executed
supplemental indenture setting forth the form and terms of the Securities as required pursuant to
Section 2.01 and (ii) an Opinion of Counsel stating that the form and terms thereof have been
established in conformity with the provisions of this Indenture and 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 be valid and binding obligations of the
Company entitled to the benefits of this Indenture, and enforceable against the Company in
accordance with their terms, except to the extent that enforcement thereof may be limited by (i)
bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or similar laws now or
hereafter in effect relating to creditors’ rights generally and (ii) general principles of equity
(regardless of whether enforceability is considered in a proceeding in equity or at law).

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

     Section 2.05. Registration of Transfer and Exchange.

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

     (b) The Company shall keep, or cause to be kept, at its office or agency designated for such
purpose in the Borough of Manhattan, the City and State of New York, or such other location
designated by the Company a register or registers (herein referred to as the “Security Register”)
in which, subject to such reasonable regulations as it may prescribe, the Company

10

 

shall register the Securities and the transfers of Securities as provided in this Section and
which at all reasonable times shall be open for inspection by the Trustee. The registrar for the
purpose of registering Securities and transfers of Securities as herein provided shall be appointed
as authorized by Board Resolution (the “Security Registrar”).

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

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

     (c) No service charge shall be made for any exchange or registration of transfer of
Securities, or issue of new Securities in case of partial redemption of any series, but the Company
may require payment of a sum sufficient to cover any tax or other governmental charge in relation
thereto, other than exchanges pursuant to Section 2.06, Section 3.03(b) and Section 9.04 not
involving any transfer.

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

     Section 2.06. Temporary Securities.

     Pending the preparation of definitive Securities of any series, the Company may execute, and
the Trustee shall authenticate and deliver, temporary Securities (printed, lithographed or
typewritten) of any authorized denomination. Such temporary Securities shall be substantially in
the form of the definitive Securities in lieu of which they are issued, but with such omissions,
insertions and variations as may be appropriate for temporary Securities, all as may be determined
by the Company. Every temporary Security of any series shall be executed by the Company and be
authenticated by the Trustee upon the same conditions and in substantially the same manner, and
with like effect, as the definitive Securities of such series. Without unnecessary delay the
Company will execute and will furnish definitive Securities of such series and thereupon any or all
temporary Securities of such series may be surrendered in exchange therefor (without charge to the
holders thereof), at the office or agency of the Company designated for the purpose in the Borough
of Manhattan, the City and State of New York, and the Trustee shall authenticate and such office or
agency shall deliver in exchange for such temporary Securities an equal aggregate principal amount
of definitive Securities of such series, unless the Company advises the Trustee in writing to the
effect that definitive Securities need not

11

 

be executed and furnished until further notice from the Company. Until so exchanged, the
temporary Securities of such series shall be entitled to the same benefits under this Indenture as
definitive Securities of such series authenticated and delivered hereunder.

     Section 2.07. Mutilated, Destroyed, Lost or Stolen Securities.

     In case any temporary or definitive Security shall become mutilated or be destroyed, lost or
stolen, the Company (subject to the next succeeding sentence) shall execute, and upon the Company’s
request the Trustee (subject as aforesaid) shall authenticate and deliver, a new Security of the
same series, bearing a number not contemporaneously outstanding, in exchange and substitution for
the mutilated Security, or in lieu of and in substitution for the Security so destroyed, lost or
stolen. In every case the applicant for a substituted Security shall furnish to the Company and
the Trustee such security or indemnity as may be required by them to save each of them harmless,
and, in every case of destruction, loss or theft, the applicant shall also furnish to the Company
and the Trustee evidence to their satisfaction of the destruction, loss or theft of the applicant’s
Security and of the ownership thereof. The Trustee may authenticate any such substituted Security
and deliver the same upon the written request or authorization of any officer of the Company. Upon
the issuance of any substituted Security, the Company may require the payment of a sum sufficient
to cover any tax or other governmental charge that may be imposed in relation thereto and any other
expenses (including the fees and expenses of the Trustee) connected therewith. In case any
Security that has matured or is about to mature shall become mutilated or be destroyed, lost or
stolen, the Company may, instead of issuing a substitute Security, pay or authorize the payment of
the same (without surrender thereof except in the case of a mutilated Security) if the applicant
for such payment shall furnish to the Company and the Trustee such security or indemnity as they
may require to save them harmless, and, in case of destruction, loss or theft, evidence to the
satisfaction of the Company and the Trustee of the destruction, loss or theft of such Security and
of the ownership thereof.

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

     Section 2.08. Cancellation.

     All Securities surrendered for the purpose of payment, redemption, exchange or registration of
transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for
cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall
be issued in lieu thereof except as expressly required or permitted by any of the provisions of
this Indenture. On written request of the Company at the time of such surrender, the Trustee shall
deliver to the Company canceled Securities held by the Trustee. In the absence

12

 

of such request the Trustee may dispose of canceled Securities in accordance with its standard
procedures. If the Company shall otherwise acquire any of the Securities, however, such
acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by
such Securities unless and until the same are delivered to the Trustee for cancellation.

     Section 2.09. Benefits of Indenture.

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

     Section 2.10. Authenticating Agent.

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

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

     Section 2.11. Global Securities.

     (a) If the Company shall establish pursuant to Section 2.01 that the Securities of a
particular series are to be issued as a Global Security, then the Company shall execute and the
Trustee shall, in accordance with Section 2.04, authenticate and deliver, a Global Security that
(i) shall represent, and shall be denominated in an amount equal to the aggregate principal amount

13

 

of, all of the Outstanding Securities of such series, (ii) shall be registered in the name of
the Depositary or its nominee, (iii) shall be delivered by the Trustee to the Depositary or
pursuant to the Depositary’s instruction and (iv) shall bear a legend substantially to the
following effect: “Except as otherwise provided in Section 2.11 of the Indenture, this Security may
be transferred, in whole but not in part, only to another nominee of the Depositary or to a
successor Depositary or to a nominee of such successor Depositary.”

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

     (c) If at any time the Depositary for a series of the Securities notifies the Company that it
is unwilling or unable to continue as Depositary for such series or if at any time the Depositary
for such series shall no longer be registered or in good standing under the Exchange Act or other
applicable statute or regulation, and a successor Depositary for such series is not appointed by
the Company within 90 days after the Company receives such notice or becomes aware of such
condition, as the case may be, this Section 2.11 shall no longer be applicable to the Securities of
such series and the Company will execute, and subject to Section 2.05, the Trustee will
authenticate and deliver the Securities of such series in definitive registered form without
coupons, in authorized denominations, and in an aggregate principal amount equal to the principal
amount of the Global Security of such series in exchange for such Global Security. In addition, the
Company may at any time determine that the Securities of any series shall no longer be represented
by a Global Security and that the provisions of this Section 2.11 shall no longer apply to the
Securities of such series. In such event the Company will execute and, subject to Section 2.05,
the Trustee, upon receipt of an Officers’ Certificate evidencing such determination by the Company,
will authenticate and deliver the Securities of such series in definitive registered form without
coupons, in authorized denominations, and in an aggregate principal amount equal to the principal
amount of the Global Security of such series in exchange for such Global Security. Upon the
exchange of the Global Security for such Securities in definitive registered form without coupons,
in authorized denominations, the Global Security shall be canceled by the Trustee. Such Securities
in definitive registered form issued in exchange for the Global Security pursuant to this Section
2.11(c) shall be registered in such names and in such authorized denominations as the Depositary,
pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the
Trustee. The Trustee shall deliver such Securities to the Depositary for delivery to the Persons
in whose names such Securities are so registered.

     Section 2.12. CUSIP Numbers.

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

14

 

ARTICLE 3

REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS

     Section 3.01. Redemption.

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

     Section 3.02. Notice of Redemption.

     (a) In case the Company shall desire to exercise such right to redeem all or, as the case may
be, a portion of the Securities of any series in accordance with the right reserved so to do, the
Company shall, or shall cause the Trustee to, give notice of such redemption to holders of the
Securities of such series to be redeemed by mailing, first class postage prepaid, a notice of such
redemption not less than 30 days and not more than 90 days before the date fixed for redemption of
that series to such holders at their last addresses as they shall appear upon the Security Register
unless a shorter period is specified in the Securities to be redeemed. Any notice that is mailed in
the manner herein provided shall be conclusively presumed to have been duly given, whether or not
the registered holder receives the notice. In any case, failure duly to give such notice to the
holder of any Security of any series designated for redemption in whole or in part, or any defect
in the notice, shall not affect the validity of the proceedings for the redemption of any other
Securities of such series or any other series. In the case of any redemption of Securities prior
to the expiration of any restriction on such redemption provided in the terms of such Securities or
elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate
evidencing compliance with any such restriction.

     Each such notice of redemption shall specify the date fixed for redemption and the redemption
price at which Securities of that series are to be redeemed, and shall state that payment of the
redemption price of such Securities to be redeemed will be made at the office or agency of the
Company in the Borough of Manhattan, the City and State of New York, upon presentation and
surrender of such Securities, that interest accrued to the date fixed for redemption will be paid
as specified in said notice, that from and after such date interest will cease to accrue and that
the redemption is for a sinking fund, if such is the case. If less than all the Securities of a
series are to be redeemed, the notice to the holders of Securities of that series to be redeemed in
whole or in part shall specify the particular Securities to be so redeemed. In case any Security
is to be redeemed in part only, the notice that relates to such Security shall state the portion of
the principal amount thereof to be redeemed, and shall state that on and after the redemption date,
upon surrender of such Security, a new Security or Securities of such series in principal amount
equal to the unredeemed portion thereof will be issued.

     (b) If the Trustee is to provide notice to the holders of Securities in accordance with clause
(a) above, for a partial or full redemption, the Company shall give the Trustee at least 45 days
notice in advance of the date fixed for redemption as to the aggregate principal amount of
Securities of the series to be redeemed, and thereupon, in the case of a partial redemption, the
Trustee shall select, by lot or in such other manner as it shall deem appropriate and fair in its
discretion and that may provide for the selection of a portion or portions (equal to one thousand

15

 

U.S. dollars ($1,000) or any integral multiple thereof) of the principal amount of such
Securities of a denomination larger than $1,000, the Securities to be redeemed and shall thereafter
promptly notify the Company in writing of the numbers of the Securities to be redeemed, in whole or
in part.

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

     Section 3.03. Payment Upon Redemption.

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

     (b) Upon presentation of any Security of such series that is to be redeemed in part only, the
Company shall execute and the Trustee shall authenticate and the office or agency where the
Security is presented shall deliver to the holder thereof, at the expense of the Company, a new
Security of the same series of authorized denominations in principal amount equal to the unredeemed
portion of the Security so presented.

     Section 3.04. Sinking Fund.

     The provisions of this Section 3.04, Section 3.05 and Section 3.06 shall be applicable to any
sinking fund for the retirement of Securities of a series, except as otherwise specified as
contemplated by Section 2.01 for Securities of such series.

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

16

 

is herein referred to as an “optional sinking fund payment”. If provided for by the terms of
Securities of any series, the cash amount of any sinking fund payment may be subject to reduction
as provided in Section 3.05. Each sinking fund payment shall be applied to the redemption of
Securities of any series as provided for by the terms of Securities of such series.

     Section 3.05. Satisfaction of Sinking Fund Payments with Securities.

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

     Section 3.06. Redemption of Securities for Sinking Fund.

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

ARTICLE 4

CERTAIN COVENANTS

     Section 4.01. Payment of Principal, Premium and Interest.

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

     Section 4.02. Maintenance of Office or Agency.

     So long as any series of the Securities remain Outstanding, the Company agrees to maintain an
office or agency in the Borough of Manhattan, the City and State of New York, with respect to each
such series and at such other location or locations as may be designated as provided in this
Section 4.02, where (i) Securities of that series may be presented for payment, (ii) Securities of
that series may be presented as hereinabove authorized for registration of

17

 

transfer and exchange, and (iii) notices and demands to or upon the Company in respect of the
Securities of that series and this Indenture may be given or served, such designation to continue
with respect to such office or agency until the Company shall, by written notice signed by its
Chief Financial Officer, Treasurer, an Assistant Treasurer, Secretary or an Assistant Secretary and
delivered to the trustee, designate some other office or agency for such purposes or any of them.
If at any time the Company shall fail to maintain any such required office or agency or shall fail
to furnish the Trustee with the address thereof, such presentations, notices and demands may be
made or served at the Corporate Trust Office of the Trustee and the Company hereby appoints the
Trustee as its agent to receive all such presentations, notices and demands.

     Section 4.03. Paying Agents.

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

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

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

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

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

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

18

 

     (c) Notwithstanding anything in this Section to the contrary, (i) the agreement to hold sums
in trust as provided in this Section is subject to the provisions of Section 11.05, and (ii) the
Company may at any time, for the purpose of obtaining the satisfaction and discharge of this
Indenture or for any other purpose, pay, or direct any paying agent to pay, to the Trustee all sums
held in trust by the Company or such paying agent, such sums to be held by the Trustee upon the
same terms and conditions as those upon which such sums were held by the Company or such paying
agent; and, upon such payment by any paying agent to the Trustee, such paying agent shall be
released from all further liability with respect to such money.

     Section 4.04. Appointment to Fill Vacancy in Office of Trustee.

     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 Trustee, so that there shall at all times be a
Trustee hereunder.

     Section 4.05. Compliance with Consolidation Provisions.

     The Company will not, while any of the Securities remain Outstanding, consolidate with, or
merge into, or merge into itself, or sell or convey all or substantially all of its property to any
other company unless the provisions of Article 10 hereof are complied with.

     Section 4.06. Limitation on Liens on Stock of Significant Subsidiaries.

     The Company will not, and it will not permit any Subsidiary of the Company to, at any time
directly or indirectly create, assume, incur or permit to exist any Indebtedness secured by a
pledge, lien or other encumbrance (any pledge, lien or other encumbrance being hereinafter in this
Section referred to as a “lien”) on the Voting Stock of a Significant Subsidiary without making
effective provision whereby the Securities then Outstanding (and, if the Company so elects, any
other Indebtedness of the Company that is not subordinate to the Securities and with respect to
which the governing instruments require, or pursuant to which the Company is otherwise obligated or
required, to provide such security) shall be equally and ratably secured with such secured
Indebtedness so long as such other Indebtedness shall be so secured.

     If the Company shall hereafter be required to secure the Securities equally and ratably with
any other Indebtedness pursuant to this Section, (i) the Company will promptly deliver to the
Trustee an Officers’ Certificate stating that the foregoing covenant has been complied with, and an
Opinion of Counsel stating that in the opinion of such counsel the foregoing covenant has been
complied with and (ii) the Trustee is hereby authorized to enter into an indenture or agreement
supplemental hereto and to take such action, if any, as it may deem advisable to enable it to
enforce the rights of the holders of the Securities so secured.

     Section 4.07. Trustee’s Obligations with Respect to the Covenants.

     The Trustee shall not be obligated to monitor or confirm, on a continuing basis or otherwise,
the Company’s compliance with the covenants contained in this Article 4 or with respect to reports
or other documents filed under the Indenture; provided, however, that nothing
herein shall relieve the Trustee of any obligations to monitor the Company’s timely delivery of

19

 

all reports and certificates required under Section 5.01 and Section 5.03 of the Indenture and
to fulfill its obligations under Article 7 hereof.

     Section 4.08. Compliance Certificate.

     The Company shall deliver to the Trustee within 120 days after the end of each of the
Company’s fiscal years, a certificate executed by its principal executive officer, principal
financial officer or principal accounting officer, stating as to his or her knowledge the Company’s
compliance (without regard to periods of grace or notice requirements) with all conditions and
covenants under this Indenture, and if the Company shall not be in compliance, specifying such non-
compliance and the nature and status thereof of which such officer may have knowledge.

ARTICLE 5

SECURITYHOLDERS LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE

     Section 5.01. Company to Furnish Trustee Names and Addresses of Securityholders.

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

     Section 5.02. Preservation of Information; Communications with Securityholders.

     (a) The Trustee shall preserve, in as current a form as is reasonably practicable, all
information as to the names and addresses of the holders of Securities contained in the most recent
list furnished to it as provided in Section 5.01 and as to the names and addresses of holders of
Securities received by the Trustee in its capacity as Security Registrar (if acting in such
capacity).

     (b) The Trustee may destroy any list furnished to it as provided in Section 5.01 upon receipt
of a new list so furnished.

     (c) Securityholders may communicate as provided in Section 312(b) of the Trust Indenture Act
with other Securityholders with respect to their rights under this Indenture or under the
Securities.

     Section 5.03. Reports by the Company.

     (a) The Company covenants and agrees to file with the Trustee, within 30 days after the
Company is required to file the same with the Commission, copies of the annual reports and

20

 

of the information, documents and other reports (or copies of such portions of any of the
foregoing as the Commission may from time to time by rules and regulations prescribe) that the
Company may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the
Exchange Act; or, if the Company is not required to file information, documents or reports pursuant
to either of such sections, then to file with the Trustee and the Commission, in accordance with
the rules and regulations prescribed from time to time by the Commission, such of the supplementary
and periodic information, documents and reports that may be required pursuant to Section 13 of the
Exchange Act, in respect of a security listed and registered on a national securities exchange as
maybe prescribed from time to time in such rules and regulations.

     (b) The Company covenants and agrees to file with the Trustee and the Commission, in
accordance with the rules and regulations prescribed from time to time by the Commission, such
additional information, documents and reports with respect to compliance by the Company with the
conditions and covenants provided for in this Indenture as may be required from time to time by
such rules and regulations.

     (c) Delivery of such reports, information and documents to the Trustee is for informational
purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any
information contained therein or determinable from information contained therein, including the
Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to
rely exclusively on Officers’ Certificates).

     (d) The Company covenants and agrees to transmit by mail, first class postage prepaid, or
reputable over-night delivery service that provides for evidence of receipt, to the
Securityholders, as their names and addresses appear upon the Security Register, within 30 days
after the filing thereof with the Trustee, such summaries of any information, documents and reports
required to be filed by the Company pursuant to subsections (a) and (b) of this Section as may be
required by rules and regulations prescribed from time to time by the Commission.

     Section 5.04. Reports by the Trustee.

     (a) On or before May 15 in each year in which any of the Securities are Outstanding, the
Trustee shall transmit by mail, first class postage prepaid, to the Securityholders, as their names
and addresses appear upon the Security Register, a brief report dated as of the preceding May 15,
if and to the extent required under Section 313(a) of the Trust Indenture Act.

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

     (c) A copy of each such report shall, at the time of such transmission to Securityholders, be
filed by the Trustee with the Company, with each stock exchange upon which any Securities are
listed (if so listed) and also with the Commission. The Company agrees to reasonably promptly
notify the Trustee in writing when any Securities become listed on any stock exchange, and of any
delisting thereof.

21

 

ARTICLE 6

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT

     Section 6.01. Events of Default.

     (a) Whenever used herein with respect to Securities of a particular series, “Event of Default”
means any one or more of the following events that has occurred and is continuing:

     (i) the Company defaults in the payment of any installment of interest upon any of the
Securities of that series, as and when the same shall become due and payable, and
continuance of such default for a period of 90 days; provided, however, that
a valid extension of an interest payment period by the Company in accordance with the terms
of any indenture supplemental hereto, shall not constitute a default in the payment of
interest for this purpose;

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

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

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

     (v) a court of competent jurisdiction enters an order under any Bankruptcy Law that (A)
is for relief against the Company in an involuntary case, (B) appoints a Custodian of the
Company for all or substantially all of their respective property, or (C) orders the
liquidation of the Company, and the order or decree remains unstayed and in effect for 90
days; or

     (vi) any other Event of Default provided for with respect to the Securities of such
series in accordance with Section 2.01.

22

 

     (b) If an Event of Default described in clauses (a)(i) or (a)(ii) of this Section 6.01 with
respect to the Securities of any series then Outstanding hereunder occurs and is continuing, then,
unless the principal of the Securities of such series shall have already become due and payable,
either the Trustee or the holders of not less than 25% in aggregate principal amount of the
Securities of such series then Outstanding, by notice in writing to the Company (and to the Trustee
if given by such Securityholders), may declare the principal of all the Securities of such series
and interest accrued thereon, if any, to be due and payable immediately, and upon any such
declaration the same shall become and shall be immediately due and payable, notwithstanding
anything contained in this Indenture or in the Securities of such series or established with
respect to such series pursuant to Section 2.01 to the contrary. If an Event of Default described
in clauses (a)(iv) or (a)(v) of this Section 6.01 occurs and is continuing, or if an Event of
Default described in clauses (a)(iii) or (a)(vi) of this Section 6.01 with respect to Securities of
one or more series then Outstanding hereunder occurs and is continuing, then, except with respect
to any such affected series for which the principal of all the Securities thereof shall have
already become due and payable, either the Trustee or the holders of not less than 25% in aggregate
principal amount of the Securities of all affected series then Outstanding (all such series voting
together as a single class), by notice in writing to the Company (and to the Trustee if given by
such Securityholders), may declare the principal of all the Securities then Outstanding of such
series and interest accrued thereon, if any, to be due and payable immediately, and upon such
declaration the same shall become immediately due and payable.

     (c) At any time after the principal of the Securities of any series shall have been declared
due and payable as provided in Section 6.01(b), and before any judgment or decree for the payment
of the moneys due shall have been obtained or entered as hereinafter provided, the holders of a
majority in aggregate principal amount of the Securities of such series then Outstanding (in the
case of an Event of Default described in clauses (a)(i) or (a)(ii) of this Section 6.01, each such
affected series voting as a separate class, and in the case of an Event of Default described in
clauses (a)(iii), (a)(iv), (a)(v) or (a)(vi) of this Section 6.01, all such affected series voting
together as a single class), by written notice to the Company and the Trustee, may rescind and
annul such declaration and its consequences if: (d) the Company has paid or deposited with the
Trustee a sum sufficient to pay all matured installments of interest upon all the Securities of
such series and the principal of (and premium, if any, on) any and all Securities of such series
that shall have become due otherwise than by acceleration (with interest upon such principal and
premium, if any, and, to the extent that such payment is enforceable under applicable law, upon
overdue installments of interest, applied to the Securities of each such series at the rate per
annum expressed in the Securities of each such series, respectively, to the date of such payment or
deposit) and the amount payable to the Trustee under Section 7.06, and (e) any and all Events of
Default under the Indenture with respect to such series, other than the nonpayment of principal on
Securities of that series that shall not have become due by their terms, shall have been remedied
or waived as provided in Section 6.06.

     No such rescission and annulment shall extend to or shall affect any subsequent default or
impair any right consequent thereon.

     (d) In case the Trustee shall have proceeded to enforce any right with respect to Securities
of any such series under this Indenture and such proceedings shall have been discontinued or
abandoned because of such rescission or annulment or for any other reason or

23

 

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 former positions and rights hereunder, and
all rights, remedies and powers of the Company and the Trustee shall continue as though no such
proceedings had been taken.

     Section 6.02. Collection of Indebtedness and Suits for Enforcement by Trustee.

     (a) The Company covenants that (i) in case it shall default in the payment of any installment
of interest on any of the Securities of a series, or any payment required by any sinking or
analogous fund established with respect to that series as and when the same shall have become due
and payable, and such default shall have continued for a period of 90 Business Days, or (ii) in
case it shall default in the payment of the principal of (or premium, if any, on) any of the
Securities of a series when the same shall have become due and payable, whether upon maturity of
the Securities of a series or upon redemption or upon declaration or otherwise, then, upon demand
of the Trustee, the Company will pay to the Trustee, for the benefit of the holders of the
Securities of that series, the whole amount that then shall have been become due and payable on all
such Securities for principal (and premium, if any) or interest, or both, as the case may be, with
interest upon the overdue principal (and premium, if any) and (to the extent that payment of such
interest is enforceable under applicable law) upon overdue installments of interest at the rate per
annum expressed in the Securities of that series; and, in addition thereto, such further amount as
shall be sufficient to cover the costs and expenses of collection, and the amount payable to the
Trustee under Section 7.06.

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

     (c) In case of any receivership, insolvency, liquidation, bankruptcy, reorganization,
readjustment, arrangement, composition or judicial proceedings affecting the Company, or its
creditors or property, the Trustee shall have power to intervene in such proceedings and take any
action therein that may be permitted by the court and shall (except as may be otherwise provided by
law) be entitled to file such proofs of claim and other papers and documents as may be necessary or
advisable in order to have the claims of the Trustee and of the holders of Securities of such
series allowed for the entire amount due and payable by the Company under the Indenture at the date
of institution of such proceedings and for any additional amount that may become due and payable by
the Company after such date, and to collect and receive any moneys or other property payable or
deliverable on any such claim, and to distribute the same after the deduction of the amount payable
to the Trustee under Section 7.06; and any receiver, assignee or trustee in bankruptcy or
reorganization is hereby authorized by each of the holders of Securities of such series to make
such payments to the Trustee, and, in the event that the Trustee shall consent to the making of
such payments directly to such Securityholders, to pay to the Trustee any amount due it under
Section 7.06.

24

 

     (d) All rights of action and of asserting claims under this Indenture, or under any of the
terms established with respect to Securities of that series, may be enforced by the Trustee without
the possession of any of such Securities, or the production thereof at any trial or other
proceeding relative thereto, and any such suit or proceeding instituted by the Trustee shall be
brought in its own name as trustee of an express trust, and any recovery of judgment shall, after
provision for payment to the Trustee of any amounts due under Section 7.06, be for the ratable
benefit of the holders of the Securities of such series.

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

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

     Section 6.03. Application of Moneys Collected.

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

     FIRST: To the payment of costs and expenses of collection and of all amounts payable to
the Trustee under Section 7.06;

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

     Section 6.04. Limitation on Suits.

     No holder of any Security of any series shall have any right by virtue or by availing itself
of any provision of this Indenture to institute any suit, action or proceeding in equity or at law
upon or under or with respect to this Indenture or for the appointment of a receiver or trustee, or
for any other remedy hereunder, unless: (a) such holder previously shall have given to the Trustee
written notice of an Event of Default and of the continuance thereof with respect to the Securities
of such series specifying such Event of Default, as hereinbefore provided; (b) the holders of not
less than 25% in aggregate principal amount of the Outstanding Securities of such

25

 

series (in the case of an Event of Default described in clauses Section 6.01(a)(i) or Section
6.01(a)(ii) of Section 6.01, each such series voting as a separate class, and in the case of an
Event of Default described in clauses Section 6.01(a)(iii), Section 6.01(a)(iv), Section 6.01(a)(v)
or Section 6.01(a)(vi) of Section 6.01, all affected series voting together as a single class) or
shall have made written request upon the Trustee to institute such action, suit or proceeding in
its own name as trustee hereunder; (c) such holder or holders shall have offered to the Trustee
such indemnity reasonably satisfactory to the Trustee against the costs, expenses and liabilities
to be incurred therein or thereby; (d) the Trustee for 60 days after its receipt of such notice,
request and offer of indemnity, shall have failed to institute any such action, suit or proceeding;
and (e) during such 60 day period, the holders of a majority in principal amount of the Securities
of such series (voting as provided in clause (b) above) do not give the Trustee a direction
inconsistent with the request.

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

     Section 6.05. Rights and Remedies Cumulative; Delay or Omission not Waiver.

     (a) Except as otherwise provided in Section 2.07, all powers and remedies given by this
Article to the Trustee or to the Securityholders shall, to the extent permitted by law, be deemed
cumulative and not exclusive of any other powers and remedies available to the Trustee or the
holders of the Securities, by judicial proceedings or otherwise, to enforce the performance or
observance of the covenants and agreements contained in this Indenture or otherwise established
with respect to such Securities.

     (b) No delay or omission of the Trustee or of any holder of any of the Securities to exercise
any right or power accruing upon any Event of 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 on
acquiescence therein; and, subject to the provisions of Section 6.04, every power and remedy given
by this Article or by law to the Trustee or the Securityholders may be exercised from time to time,
and as often as shall be deemed expedient, by the Trustee or by the Securityholders.

26

 

     Section 6.06. Control by Securityholders.

     The holders of a majority in aggregate principal amount of the Securities of all series at the
time Outstanding affected thereby (all such series voting together as a single class except with
respect to an Event of Default described in clauses Section 6.01(a)(i) or Section 6.01(a)(ii) of
Section 6.01, in which case, each such affected series voting as a separate class), determined in
accordance with Section 8.04, shall have the right to direct the time, method and place of
conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power
conferred on the Trustee with respect to such series; provided, however, that such
direction shall not be in conflict with any rule of law or with this Indenture or be unduly
prejudicial to the rights of holders of Securities of any other series at the time Outstanding
determined in accordance with Section 8.04. Subject to the provisions of Section 7.0 1, the
Trustee shall have the right to decline to follow any such direction if the Trustee in good faith
shall, by a Responsible Officer or Officers of the Trustee, determine that the proceeding so
directed would involve the Trustee in personal liability. The holders of a majority in aggregate
principal amount of the Securities of all series at the time Outstanding affected thereby (all such
series voting together as a single class), determined in accordance with Section 8.04, may on
behalf of the holders of all of the Securities of such series waive any past default in the
performance of any of the covenants contained herein or established pursuant to Section 2.01 with
respect to such series and its consequences, except a default in the payment of the principal of,
or premium, if any, or interest on, any of the Securities of any such series as and when the same
shall become due by the terms of such Securities otherwise than by acceleration (unless such
default has been cured and a sum sufficient to pay all matured installments of interest and
principal and any premium has been deposited with the Trustee (in accordance with Section 6.01(c)).
Upon any such waiver, the default covered thereby shall be deemed to be cured for all purposes of
this Indenture and the Company, the Trustee and the holders of the Securities of such 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 impair any right consequent thereon.

     Section 6.07. Undertaking to Pay Costs.

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

27

 

ARTICLE 7

CONCERNING THE TRUSTEE

     Section 7.01. Certain Duties and Responsibilities of Trustee.

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

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

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

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

     (B) in the absence of bad faith on the part of the Trustee, the Trustee may
with respect to the Securities of such series conclusively rely, as to the truth of
the statements and the correctness of the opinions expressed therein, upon any
certificates or opinions furnished to the Trustee and conforming to the requirements
of this Indenture; but in the case of any such certificates or opinions that 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;

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

     (iii) the Trustee shall not be liable with respect to any action taken or omitted to be
taken by it in good faith in accordance with the direction of Securityholders provided to
the Trustee in accordance with Section 6.06 relating to the time, method and place of
conducting any proceeding for any remedy available to the Trustee, or exercising

28

 

any trust or power conferred upon the Trustee under this Indenture with respect to the
Securities of such series;

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

     (v) whether or not therein expressly so provided, every provision of this Indenture
relating to the conduct of or affecting the liability of or affording protection to the
Trustee shall be subject to the requirements of the Trust Indenture Act.

     Section 7.02. Certain Rights of Trustee.

     Except as otherwise provided in Section 7.01:

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

     (b) any request, direction, order or demand of the Company mentioned herein shall be
sufficiently evidenced by a Board Resolution or an instrument signed in the name of the Company, by
any two of the Chief Financial Officer, the Secretary, an Assistant Secretary, the Treasurer and an
Assistant Treasurer thereof (unless other evidence in respect thereof is specifically prescribed
herein);

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

     (d) subject to Section 7.01, 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
Security holders, pursuant to the provisions of this Indenture, unless such Securityholders shall
have offered to the Trustee reasonable security or indemnity satisfactory to it against the costs,
expenses and liabilities that may be incurred therein or thereby;

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

     (f) the Trustee shall not be bound to make any investigation into the facts or matters stated
in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent,
order, approval, bond, security, or other papers or documents, unless requested in writing so to do
by the holders of not less than a majority in principal amount of the Outstanding Securities of the
series affected thereby, determined as provided in Section 8.04 (in the case of an

29

 

Event of Default described in clauses Section 6.01(a)(i) or Section 6.01(a)(ii) of Section
6.01, each such series treated as a separate class, and in the case of an Event of Default
described in clauses Section 6.01(a)(iii), Section 6.01(a)(iv), Section 6.01(a)(v) or Section
6.01(a)(vi) of Section 6.0 1, all affected series treated as a single class); provided,
however, that if the payment within a reasonable time to the Trustee of the costs, expenses
or liabilities likely to be incurred by it in the making of such investigation is, in the opinion
of the Trustee, not reasonably assured to the Trustee by the security afforded to it by the terms
of this Indenture, the Trustee may require indemnity reasonably satisfactory to it against such
costs, expenses or liabilities as a condition to so proceeding. The reasonable expense of every
such examination shall be paid by the Company or, if paid by the Trustee, shall be repaid by the
Company upon demand;

     (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;

     (h) the Trustee shall not be deemed to have notice of any Default or Event of Default unless a
Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any
event which is in fact such a default is received by the Trustee at the Corporate Trust Office of
the Trustee, and such notice references the Securities and this Indenture;

     (i) the rights, privileges, protections, immunities and benefits given to the Trustee,
including, without limitation, its right to be indemnified in connection with the performance of
its duties under this Indenture shall extend to the Trustee’s officers, directors, agents and
employees. Such immunities and protections and right to indemnification, together with the
Trustee’s right to compensation, shall survive the Trustee’s resignation or removal and final
payment of the Securities;

     (j) the Trustee may request that the Company deliver a certificate setting forth the names of
individuals and/or titles of officers authorized at such time to take specified actions pursuant to
this Indenture; and

     (k) in no event shall the Trustee be responsible or liable for special, indirect, or
consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit)
irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and
regardless of the form of action.

     Section 7.03. Trustee not Responsible for Recitals or Issuance or Securities.

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

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

     (c) The Trustee shall not be accountable for the use or application by the Company of any of
the Securities or of the proceeds of such Securities, or for the use or application of any moneys
paid over by the Trustee in accordance with any provision of this Indenture or

30

 

established pursuant to Section 2.01, or for the use or application of any moneys received by
any paying agent other than the Trustee.

     Section 7.04. May Hold Securities.

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

     Section 7.05. Moneys Held in Trust.

     Subject to the provisions of Section 11.05, all moneys received by the Trustee shall, until
used or applied as herein provided, be held in trust for the purposes for which they were received,
but need not be segregated from other funds except to the extent required by law. The Trustee
shall be under no liability for interest on any moneys received by it hereunder except such as it
may agree with the Company in writing to pay thereon.

     Section 7.06. Compensation and Reimbursement.

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

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

     Section 7.07. Reliance on Officers’ Certificate.

     Except as otherwise provided in Section 7.01, whenever in the administration of the provisions
of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or
established prior to taking or suffering or omitting to take any action hereunder, such

31

 

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

     Section 7.08. Disqualification; Conflicting Interests.

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

     Section 7.09. Corporate Trustee Required, Eligibility.

     There shall at all times be a Trustee with respect to the Securities issued hereunder which
shall at all times be a corporation or national association organized and doing business under the
laws of the United States of America or any State or Territory thereof or of the District of
Columbia, or a corporation or other Person permitted to act as trustee by the Commission,
authorized under such laws to exercise corporate trust powers, having a combined capital and
surplus of at least 50 million U.S. dollars ($50,000,000), and subject to supervision or
examination by Federal, State, Territorial, or District of Columbia authority. If such corporation
or national association 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, the combined capital and surplus of such corporation or national association shall be
deemed to be its combined capital and surplus as set forth in its most recent report of condition
so published. The Company may not, nor may any Person directly or indirectly controlling,
controlled by, or under common control with the Company, serve as Trustee. In case at any time the
Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee
shall resign immediately in the manner and with the effect specified in Section 7.10.

     Section 7.10. Resignation and Removal; Appointment of Successor.

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

32

 

appointment of a successor trustee. Such court may thereupon after such notice, if any, as it
may deem proper and prescribe, appoint a successor trustee.

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

     (i) the Trustee shall fail to comply with the provisions of Section 7.08 after written
request therefor by the Company or by any Securityholder who has been a bona fide holder of
a Security or Securities for at least six months;

     (ii) the Trustee shall cease to be eligible in accordance with the provisions of
Section 7.09 and shall fail to resign after written request therefor by the Company or by
any such Securityholder, or

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

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

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

     (d) Any resignation or removal of the Trustee and appointment of a successor trustee with
respect to the Securities of a series pursuant to any of the provisions of this Section shall
become effective upon acceptance of appointment by the successor trustee as provided in Section
7.11.

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

     Section 7.11. Acceptance of Appointment by Successor.

     (a) In case of the appointment hereunder of a successor trustee with respect to all
Securities, every such successor trustee so appointed shall execute, acknowledge and deliver to the
Company and to the retiring Trustee an instrument accepting such appointment, and

33

 

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

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

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

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

34

 

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

     Section 7.12. Merger, Conversion, Consolidation or Succession to Business.

     Any corporation or national association into which the Trustee may be merged or converted or
with which it may be consolidated, or any corporation or national association resulting from any
merger, conversion or consolidation to which the Trustee shall be a party, or any corporation or
national association succeeding to all or substantially all of the corporate trust business of the
Trustee, shall be the successor of the Trustee hereunder, provided that such corporation
shall be qualified under the provisions of Section 7.08 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 any Securities shall
have been authenticated, but not delivered, by the Trustee then in office, any successor by merger,
conversion or consolidation to such authenticating Trustee may adopt such authentication and
deliver the Securities so authenticated with the same effect as if such successor Trustee had
itself authenticated such Securities.

     Section 7.13. Preferential Collection of Claims Against the Company.

     The Trustee shall comply with Section 31l(a) of the Trust Indenture Act, excluding any
creditor relationship described in Section 31l(b) of the Trust Indenture Act. A Trustee who has
resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the
extent included therein.

ARTICLE 8

CONCERNING THE SECURITYHOLDERS

     Section 8.01. Evidence of Action by Securityholders.

     Whenever in this Indenture it is provided that the holders of a majority or specified
percentage in aggregate principal amount of the Securities of one or more 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 majority or specified percentage of such series have joined therein may be evidenced by any
instrument or any number of instruments of similar tenor executed by such holders of Securities of
the relevant series in person or by agent or proxy appointed in writing.

     If the Company shall solicit from the Securityholders of one or more series any request,
demand, authorization, direction, notice, consent, waiver or other action, the Company may, at its
option, as evidenced by an Officers’ Certificate, fix in advance a record date for such series for
the determination of Securityholders entitled to give such request, demand, authorization,
direction, notice, consent, waiver or other action, but the Company shall have no obligation to do
so. If such a record date is fixed, such request, demand, authorization, direction, notice,
consent,

35

 

waiver or other action may be given before or after the record date, but only the
Securityholders of record at the close of business on the record date shall be deemed to be
Securityholders for the purposes of determining whether Securityholders of the requisite proportion
of Outstanding Securities of the relevant series have authorized or agreed or consented to such
request, demand, authorization, direction, notice, consent, waiver or other action, and for that
purpose the Outstanding Securities of the relevant series shall be computed as of the record date;
provided, however, that no such authorization, agreement or consent by such
Securityholders on the record date shall be deemed effective unless it shall become effective
pursuant to the provisions of this Indenture not later than six months after the record date.

     Section 8.02. Proof of Execution by Securityholders.

     Subject to the provisions of Section 7.01, proof of the execution of any instrument by a
Securityholder (such proof will not require notarization) or his agent or proxy and proof of the
holding by any Person of any of the Securities shall be sufficient if made in the following manner:

     (a) The fact and date of the execution by any such Person of any instrument may be proved in
any reasonable manner acceptable to the Trustee.

     (b) The ownership of Securities shall be proved by the Security Register of such Securities or
by a certificate of the Security Registrar thereof.

     (c) The Trustee may require such additional proof of any matter referred to in this Section as
it shall deem necessary.

     Section 8.03. Who May be Deemed Owners.

     Prior to the due presentment for registration of transfer of any Security, the Company, the
Trustee, any paying agent and any Security Registrar may deem and treat the Person in whose name
such Security shall be registered upon the books of the Company as the absolute owner of such
Security (whether or not such Security shall be overdue and notwithstanding any notice of ownership
or writing thereon made by anyone other than the Security Registrar) for the purpose of receiving
payment of or on account of the principal of, premium, if any, and (subject to Section 2.03)
interest on such Security and for all other purposes; and neither the Company nor the Trustee nor
any paying agent nor any Security Registrar shall be affected by any notice to the contrary.

     Section 8.04. Certain Securities Owned by Company Disregarded.

     In determining whether the holders of the requisite aggregate principal amount of Securities
of one or more series have concurred in any direction, consent or waiver under this Indenture, the
Securities of such series that are owned by the Company or any other obligor on the Securities of
that series or by any Person directly or indirectly controlling or controlled by or under common
control with the Company or any other obligor on the Securities of that series shall be disregarded
and deemed not to be Outstanding for the purpose of any such determination, except that for the
purpose of determining whether the Trustee shall be protected in relying on any such direction,
consent or waiver, only Securities of such series that a

36

 

Responsible Officer of the Trustee actually knows are so owned shall be so disregarded. The
Securities so owned that have been pledged in good faith may be regarded as Outstanding for the
purposes of this Section, if the pledgee shall establish to the satisfaction of the Trustee the
pledgee’s right so to act with respect to such Securities and that the pledgee is not a Person
directly or indirectly controlling or controlled by or under direct or indirect common control with
the Company or any such other obligor. In 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. Actions Binding on Future Securityholders.

     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 majority or percentage in aggregate
principal amount of the Securities of one or more series specified in this Indenture in connection
with such action, any holder of a Security of any such series that 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, 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 and
owners of such Security, and of any Security issued in exchange therefor, on registration of
transfer thereof or in place thereof, irrespective of whether or not any notation in regard thereto
is made upon such Security. Any action taken by the holders of the majority or percentage in
aggregate principal amount of the Securities of one or more series specified in this Indenture in
connection with such action shall be conclusively binding upon the Company, the Trustee and the
holders of all the Securities of such series.

ARTICLE 9

SUPPLEMENTAL INDENTURES

     Section 9.01. Supplemental Indentures Without the Consent of Securityholders.

     In addition to any supplemental indenture otherwise authorized by this Indenture, the Company
and the Trustee may from time to time and at any time enter into an indenture or indentures
supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as then in
effect), without the consent of the Securityholders, for one or more of the following purposes:

     (a) to cure any ambiguity, defect, or inconsistency herein, in the Securities of any series;

     (b) to comply with Article 10;

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

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

37

 

     (e) to add to, delete from, or revise the conditions, limitations, and restrictions on the
authorized amount, terms, or purposes of issue, authentication, and delivery of Securities, as
herein set forth;

     (f) to make any change that does not adversely affect the rights of any Securityholder in any
material respect; or

     (g) to provide for the issuance of and establish the form and terms and conditions of the
Securities of any series as provided in Section 2.01, to establish the form of any certifications
required to be famished pursuant to the terms of this Indenture or any series of Securities, or to
add to the rights of the holders of any series of Securities.

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

     Any supplemental indenture authorized by the provisions of this Section 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 9.02.

     Section 9.02. Supplemental Indentures With Consent of Securityholders.

     With the consent (evidenced as provided in Section 8.01) of the holders of not less than a
majority in aggregate principal amount of the Securities of all of the series affected by such
supplemental indenture or indentures at the time Outstanding (all such series voting together as a
single class), the Company, when authorized by Board Resolutions, and the Trustee may from time to
time and at any time enter into an indenture or indentures supplemental hereto (which shall conform
to the provisions of the Trust Indenture Act as then in effect) for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of this Indenture or
of any supplemental indenture or of modifying in any manner not covered by Section 9.01 the rights
of the holders of the Securities of such series under this Indenture; provided,
however, that no such supplemental indenture shall, without the consent of the holders of
each Security then Outstanding and affected thereby, (i) extend the fixed maturity of any
Securities of any series, or reduce the principal amount thereof, or reduce the rate or extend the
time of payment of interest thereon, or reduce any premium payable upon the redemption thereof or
(ii) reduce the aforesaid percentage of Securities, the holders of which are required to consent to
any such supplemental indenture.

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

     Section 9.03. Effect of Supplemental Indentures.

     Upon the execution of any supplemental indenture pursuant to the provisions of this Article or
of Section 10.01, this Indenture shall, with respect to the relevant series, be and be

38

 

deemed to be modified and amended in accordance therewith and the respective rights,
limitations of rights, obligations, duties and immunities under this Indenture of the Trustee, the
Company and the holders of Securities of the series affected thereby shall thereafter be
determined, exercised and enforced hereunder subject in all respects to such modifications and
amendments, and all the terms and conditions of any such supplemental indenture shall be and be
deemed to be part of the terms and conditions of this Indenture for any and all purposes.

     Section 9.04. Securities Affected by Supplemental Indentures.

     Following the execution, authentication and delivery of a supplemental indenture pursuant to
the provisions of this Article or of Section 10.01, the Securities of any series affected thereby
may bear a notation in form approved by the Company, provided such form meets the
requirements of any exchange

     Upon which such series may be listed, as to any matter provided for in such supplemental
indenture. If the Company shall determine that it is necessary or desirable, new Securities of
such series so modified as to conform, in the opinion of the Board of Directors, to any
modification of this Indenture contained in any such supplemental indenture may be prepared by the
Company, authenticated by the Trustee and delivered in exchange for the Securities of that series
then Outstanding.

     Section 9.05. Execution of Supplemental Indentures.

     Upon the request of the Company, accompanied by its Board Resolutions authorizing the
execution of any such supplemental indenture, and upon the filing with the Trustee of evidence of
the consent of Securityholders required to consent thereto 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. The Trustee, subject to the provisions of Section 7.01, shall be provided with an
Officers’ Certificate and Opinion of Counsel as conclusive evidence that any supplemental indenture
executed pursuant to this Article is authorized or permitted by, and conforms to, the terms of this
Article and that it is proper for the Trustee under the provisions of this Article to join in the
execution thereof; provided, however, that such Officers’ Certificate and Opinion
of Counsel need not be provided in connection with the execution of a supplemental indenture that
establishes the terms of a series of Securities pursuant to Section 2.01 hereof.

     Promptly after the execution by the Company and the Trustee of any supplemental indenture
pursuant to the provisions of this Section, the Trustee shall transmit by mail, first class postage
prepaid, a notice, setting forth in general terms the substance of such supplemental indenture, to
the Securityholders of all series affected thereby as their names and addresses appear upon the
Security Register. Any failure of the Trustee to mail such notice, or any defect therein, shall
not, however, in any way impair or affect the validity of any such supplemental indenture.

     Section 9.06. Conformity with Trust Indenture Act.

39

 

     Every supplemental indenture executed pursuant to this Article shall conform to the
requirements of the Trust Indenture Act as then in effect.

ARTICLE 10

SUCCESSOR CORPORATION

     Section 10.01. Company May Consolidate, Etc., Only on Certain Terms.

     The Company shall not consolidate with or merge into any other Person or convey, transfer or
lease all or substantially all of its properties and assets to any Person, and the Company shall
not permit any Person to consolidate with or merge into the Company, unless:

     (a) in case the Company shall consolidate with or merge into another Person or convey,
transfer or lease all or substantially all of its properties and assets to any Person, the Person
formed by such consolidation or into which the Company is merged or the Person which acquires by
conveyance or transfer, or which leases, all or substantially all of the properties and assets of
the Company shall be a corporation, partnership or trust, shall be organized and validly existing
under the laws of the United States of America, any State thereof or the District of Columbia and
shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee,
the due and punctual payment of the principal of and any premium and interest on all the Securities
and the performance or observance of every covenant of this Indenture on the part of the Company to
be performed or observed;

     (b) immediately after giving effect to such transaction, no Event of Default, and no event
which, after notice or lapse of time or both, would become an Event of Default, shall have happened
and be continuing; and

     (c) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that such consolidation, merger, conveyance, transfer or lease and, if a
supplemental indenture is required in connection with such transaction, such supplemental indenture
comply with this Article and that all conditions precedent herein provided for relating to such
transaction have been complied with.

     Section 10.02. Successor Substitute.

     Upon any consolidation of the Company with, or merger of the Company into, any other Person or
any conveyance, transfer or lease of all or substantially all of the properties and assets of the
Company in accordance with Section 10.01 above, the successor Person formed by such consolidation
or into which the Company is merged or to which such conveyance, transfer or lease is made shall
succeed to, and be substituted for, and may exercise every right and power of, the Company under
the Indenture with the same effect as if such successor Person had been named as the Company
herein, and thereafter, except in the case of a lease, the predecessor Person shall be relieved of
all obligations and covenants under the Indenture and the Securities.

40

 

ARTICLE 11

DEFEASANCE AND DISCHARGE

     Section 11.01. Discharge of Company’s Obligations. Except as otherwise provided in this
Section 11.01, the Company may terminate its obligations under the Securities of any series and
this Indenture with respect to the Securities of such series if:

     (a) all Securities of such series previously authenticated and delivered (other than
destroyed, lost or wrongfully taken Securities of such series that have been replaced or Securities
of such series that are paid pursuant to Section 2.07 or Securities of such series for whose
payment money or securities have theretofore been held in trust and thereafter repaid to the
Company, as provided in Section 11.05) have been delivered to the Trustee for cancellation and the
Company has paid all sums payable by it hereunder; or

     (b) (i) the Securities of such series are scheduled to mature within one year or are to be
called for redemption within one year under arrangements satisfactory to the Trustee for giving the
notice of redemption, (ii) the Company irrevocably deposits in trust with the Trustee, as trust
funds solely for the benefit of the holders of such Securities, money or Government Obligations or
a combination thereof sufficient (unless such funds consist solely of money, in the opinion of a
nationally recognized firm of independent public accountants expressed in a written certification
thereof delivered to the Trustee), without consideration of any reinvestment and after payment of
all Federal, state and local taxes or other charges and assessments in respect thereof payable by
the Trustee, to pay and discharge the principal of (and premium, if any) and interest on the
Securities of such series to maturity or redemption, as the case may be, and to pay all other sums
payable by the Company hereunder, and (iii) the Company delivers 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 satisfaction and discharge of this Indenture with respect to the
Securities of such series have been complied with.

     With respect to the foregoing clause (a), only the Company’s obligations under Sections 7.06
and 11.05 in respect of the Securities of such series shall survive. With respect to the foregoing
clause (b), only the Company’s obligations in Sections 2.03, 2.05, 2.07, 4.01, 4.02, 4.03 and 7.10
in respect of the Securities of such series shall survive until such Securities of such series are
no longer outstanding. Thereafter, only the Company’s obligations in Sections 7.06 and 11.05 in
respect of the Securities of such series shall survive. After any such irrevocable deposit, the
Trustee shall acknowledge in writing the discharge of the Company’s obligations under the
Securities of such series and this Indenture with respect to the Securities of such series except
for those surviving obligations specified above.

     Section 11.02. Legal Defeasance. Except as provided below, the Company will be deemed to have
paid and will be discharged from any and all obligations in respect of the Securities of any series
and the provisions of this Indenture (and the Trustee, at the expense of the Company, shall execute
instruments in form and substance satisfactory to the Company and the Trustee acknowledging the
same) if the following conditions shall have been satisfied:

     (a) the Company has irrevocably deposited in trust with the Trustee as trust funds solely for
the benefit of the holders of the Securities of such series, for payment of the principal

41

 

of (and premium, if any) and interest on the Securities of such series, money or Government
Obligations or a combination thereof sufficient (unless such funds consist solely of money), in the
opinion of a nationally recognized firm of independent public accountants expressed in a written
certification thereof delivered to the Trustee) without consideration of any reinvestment and after
payment of all Federal, state and local taxes or other charges and assessments in respect thereof
payable by the Trustee, to pay and discharge the principal of (and premium, if any) and interest on
the outstanding Securities of such series to maturity or earlier redemption (irrevocably provided
for under arrangements satisfactory to the Trustee), as the case may be;

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

     (c) no Default or Event of Default with respect to the Securities of such series shall have
occurred and be continuing on the date of such deposit;

     (d) the Company has delivered to the Trustee (i) either (x) a ruling directed to the Trustee
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
Company’s exercise of its option under this Section 11.02 and will be subject to Federal income tax
on the same amount and in the same manner and at the same times as would have been the case if such
deposit and defeasance had not occurred or (y) an Opinion of Counsel to the same effect as the
ruling described in clause (x) above and based upon a change in law and (ii) an Opinion of Counsel,
subject to customary assumptions and qualifications, to the effect that the holders of the
Securities of such series have a valid security interest in the trust funds subject to no prior
liens under the UCC; and

     (e) 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 contemplated by this Section 11.02 of the Securities of such series have been complied
with.

     The Company’s obligations in Sections 2.03, 2.05, 2.07, 4.01, 4.02, 4.03 and 7.10 with respect
to the Securities of such series shall survive until such Securities are no longer outstanding.
Thereafter, only the Company’s obligations in Sections 7.06 and 11.05 shall survive.

     Section 11.03. Covenant Defeasance. The Company may omit to comply with any term, provision
or condition set forth in Sections 4.05, 4.06 or 4.08 (or any other specific covenant relating to
the Securities of any series provided for in a Board Resolution or supplemental indenture pursuant
to Section 2.01 which may by its terms be defeased pursuant to this Section 11.03), and such
omission shall be deemed not to be an Event of Default under clause (a)(iii) of Section 6.01, with
respect to the outstanding Securities of such series if:

     (a) the Company has irrevocably deposited in trust with the Trustee as trust funds solely for
the benefit of the holders of Securities of such series, for payment of the principal of (and
premium, if any) and interest on the Securities of such series, money or Government

42

 

Obligations or a combination thereof in an amount sufficient (unless such funds consist solely
of money, in the opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee) without consideration of any
reinvestment and after payment of all Federal, state and local taxes or other charges and
assessments in respect thereof payable by the Trustee, to pay and discharge the principal of (and
premium, if any) and accrued interest on the outstanding Securities of such series to maturity or
earlier redemption (irrevocably provided for under arrangements satisfactory to the Trustee), as
the case may be;

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

     (c) no Default or Event of Default with respect to the Securities of such series shall have
occurred and be continuing on the date of such deposit;

     (d) the Company has delivered to the Trustee an Opinion of Counsel, subject to customary
assumptions and qualifications, to the effect that (i) the holders of the Securities of such series
have a valid security interest in the trust funds subject to no prior liens under the UCC and (ii)
such holders will not recognize income, gain or loss for Federal income tax purposes as a result of
such deposit and covenant defeasance and will be subject to Federal income tax on the same amount
and in the same manner and at the same times as would have been the case if such deposit and
defeasance had not occurred; and

     (e) 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
covenant defeasance contemplated by this Section 11.03 of the Securities of such series have been
complied with.

     Section 11.04. Application of Trust Money. Subject to Section 11.05, the Trustee or paying
agent shall hold in trust money or Government Obligations deposited with it pursuant to Section
11.01, 11.02 or 11.03, as the case maybe, in respect of the Securities of any series and shall
apply the deposited money and the proceeds from deposited Government Obligations in accordance with
the Securities of such series and this Indenture to the payment of principal of (and premium, if
any) and interest on the Securities of such series; but such money need not be segregated from
other funds except to the extent required by law. The Company shall pay and indemnify the Trustee
against any tax, fee or other charge imposed on or assessed against the Government Obligations
deposited pursuant to Section 11.01, 11.02 or 11.03, as the case may be, or the principal and
interest received in respect thereof, other than any such tax, fee or other charge that by law is
for the account of the Securityholders.

     Section 11.05. Repayment to Company. Subject to Sections 7.06, 11.01, 11.02 and 11.03, the
Trustee and the paying agent shall promptly pay to the Company upon request set forth in an
Officers’ Certificate any money held by them at any time and not required to make payments
hereunder and thereupon shall be relieved from all liability with respect to such money. Subject
to applicable escheat or abandoned property laws, the Trustee and the paying agent shall pay to the
Company upon written request any money held by them and required to make payments

43

 

under this Indenture that remains unclaimed for two years; provided that the Trustee
or such paying agent before being required to make any such payment to the Company shall cause to
be published at the expense of the Company once in an Authorized Newspaper or mail to each
Securityholder entitled to such money at such Securityholder’s address (as set forth in the
register) notice that such money remains unclaimed and that after a date specified therein (which
shall be at least 30 days from the date of such publication or mailing) any unclaimed balance of
such money then remaining will be repaid to the Company. After payment to the Company,
Securityholders entitled to such money must look to the Company for payment as unsecured general
creditors unless an abandoned property law designates another Person, and all liability of the
Trustee and such paying agent with respect to such money shall cease.

ARTICLE 12

IMMUNITY OF INCORPORATORS, SHAREHOLDERS, OFFICERS AND DIRECTORS

     Section 12.01. No Recourse.

     No recourse under or upon any obligation, covenant or agreement of this Indenture, or of any
Security, or for any claim based thereon or otherwise in respect thereof, shall be had against any
incorporator, shareholder, officer or director, past, present or future as such, of the Company or
of any predecessor or successor corporation, either directly or through the Company or any such
predecessor or 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 this Indenture and the obligations issued hereunder are solely corporate obligations, and that
no such personal liability whatsoever shall attach to, or is or shall be incurred by, the
incorporators, shareholders, officers or directors as such, of the Company or of any predecessor or
successor corporation, or any of them, because of the creation of the indebtedness hereby
authorized, or under or by reason of the obligations, covenants or agreements contained in this
Indenture or in any of the Securities or implied therefrom; and that any and all such personal
liability of every name and nature, either at common law or in equity or by constitution or
statute, of, and any and all such rights and claims against, every such incorporator, shareholder,
officer or director as such, because of the creation of the indebtedness hereby authorized, or
under or by reason of the obligations, covenants or agreements contained in this Indenture or in
any of the Securities or implied therefrom, are hereby expressly waived and released as a condition
of, and as a consideration for, the execution of this Indenture and the issuance of such
Securities.

ARTICLE 13

MISCELLANEOUS PROVISIONS

     Section 13.01. Effect on Successors and Assigns.

     All the covenants, stipulations, promises and agreements in this Indenture contained by or on
behalf of the Company shall bind its successors and assigns, whether so expressed or not.

     Section 13.02. Actions by Successor.

     Any act or proceeding which by any provision of this Indenture is authorized or required to be
done or performed by any board, committee or officer of the Company shall and may be

44

 

done and performed with like force and effect by the corresponding board, committee or officer
of any corporation that shall at the time be the lawful successor of the Company.

     Section 13.03. Surrender of Company Powers.

     The Company, by an instrument in writing executed by 2/3 (two-thirds) of its Board of
Directors and delivered to the Trustee, may surrender any of the powers reserved to the Company
under this Indenture, including any supplemental indenture hereto, and thereupon such power so
surrendered shall terminate both as to the Company and as to any successor corporation.

     Section 13.04. Notices.

     Except as otherwise expressly provided herein any notice or demand that by any provision of
this Indenture is required or permitted to be given or served by the Trustee or by the holders of
Securities to or on the Company may be given or served by being deposited first class postage
prepaid in a post-office letterbox addressed (until another address is filed in writing by the
Company with the Trustee), as follows: Unilife Corporation, 250 Cross Farm Lane, York, PA 17406,
Attention: Alan Shortall. Any notice, election, request or demand by the Company or 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 Corporate Trust Office of the Trustee.

     Section 13.05. Governing Law.

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

     Section 13.06. Compliance Certificates and Opinions.

     (a) 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 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, except that in the case of any
such application or demand as to which the furnishing of such documents is specifically required by
any provision of this Indenture relating to such particular application or demand, no additional
certificate or opinion need be furnished.

     (b) Each certificate or opinion provided for in this Indenture and delivered to the Trustee
with respect to compliance with a condition or covenant in this Indenture shall include (i) a
statement that the Person making such certificate or opinion has read such covenant or condition;
(ii) a brief statement as to the nature and scope of the examination or investigation upon which
the statements or opinions contained in such certificate or opinion are based; (iii) a statement
that, in the opinion of such Person, he or she has made such examination or investigation as is
necessary to enable him or her to express an informed opinion as to whether or not such covenant or
condition has been complied with; and (iv) a statement as to whether or not, in the opinion of such
Person, such condition or covenant has been complied with.

45

 

     Section 13.07. Payments on Business Days.

     Except as provided pursuant to Section 2.01 pursuant to a Board Resolution, and as set forth
in an Officers’ Certificate or established in one or more indentures supplemental to this
Indenture, in any case where the date of maturity of interest or principal of any Security or the
date of redemption of any Security shall not be a Business Day, then payment of interest or
principal (and premium, if any) may be made on the next succeeding Business Day with the same force
and effect as if made on the nominal date of maturity or redemption, and no interest shall accrue
for the period after such nominal date.

     Section 13.08. Conflict with Trust Indenture Act.

     If and to the extent that any provision of this Indenture limits, qualifies or conflicts with
the duties imposed by Sections 310 to 317, inclusive, of the Trust Indenture Act, such imposed
duties shall control.

     Section 13.09. 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 13.10. Separability.

     In case any one or more of the provisions contained in this Indenture or in the Securities of
any series shall for any reason be held to be invalid, illegal or unenforceable in any respect,
such invalidity, illegality or unenforceability shall not affect any other provisions of this
Indenture or of such Securities, but this Indenture and such Securities shall be construed as if
such invalid or illegal or unenforceable provision had never been contained herein or therein.

     Section 13.11. Assignment.

     The Company will have the right at all times to assign any of its rights or obligations under
this Indenture to a direct or indirect wholly-owned Subsidiary of the Company, provided
that, in the event of any such assignment, the Company will remain liable for all such obligations.
Subject to the foregoing, the Indenture is binding upon and inures to the benefit of the parties
thereto and their respective successors and assigns. This Indenture may not otherwise be assigned
by the parties hereto.

     Section 13.12. Waiver of Jury Trial.

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

     Section 13.13. Force Majeure.

46

 

     In no event shall the Trustee be responsible or liable for any failure or delay in the
performance of its obligations hereunder arising out of or caused by, directly or indirectly,
forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts
of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of
God, and interruptions, loss or malfunctions of utilities, communications or computer (software and
hardware) services; it being understood that the Trustee shall use reasonable efforts which are
consistent with accepted practices in the banking industry to resume performance as soon as
practicable under the circumstances.

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

	 	 	 	 	 
	 	UNILIFE CORPORATION

 	 
	 	By:  	 	 
	 	 	 
Name:  	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	THE BANK OF NEW YORK MELLON TRUST 

COMPANY, N.A.,

as Trustee

 	 
	 	By:  	 	 
	 	 	 
Name:  	 
	 	 	Title:  	 	 
	 

47

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00187-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00187-of-00352.parquet"}]]