Document:

Exhibit
4-T

 

DANA CORPORATION

 

and

 

CITIBANK, N.A., Trustee

 

 

INDENTURE

 

 

Dated as of December 10, 2004

 

 

SENIOR SECURITIES

 

 

TABLE OF CONTENTS(1)

 

	
  ARTICLE I.

  

  DEFINITIONS

  
	
   

  
	
  Section 1.01.

  	
  Certain Terms
  Defined

  	
   

  
	
  Section 1.02.

  	
  Other
  Definitions

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE II.

  

  THE SECURITIES

  
	
   

  
	
  Section 2.01.

  	
  Designation
  and Amount of Securities

  	
   

  
	
  Section 2.02.

  	
  Form of
  Securities and Trustee’s Certificate of Authentication

  	
   

  
	
  Section 2.03.

  	
  Date and
  Denominations

  	
   

  
	
  Section 2.04.

  	
  Execution,
  Authentication and Delivery of Securities

  	
   

  
	
  Section 2.05.

  	
  Registration
  of Transfer and Exchange

  	
   

  
	
  Section 2.06.

  	
  Temporary
  Securities

  	
   

  
	
  Section 2.07.

  	
  Mutilated,
  Destroyed, Lost, and Stolen Securities

  	
   

  
	
  Section 2.08.

  	
  Cancellation
  of Surrendered Securities

  	
   

  
	
  Section 2.09.

  	
  Payment of
  Interest; Interest Rights Preserved

  	
   

  
	
  Section 2.10.

  	
  Persons
  Deemed Owners

  	
   

  
	
  Section 2.11.

  	
  Computation
  of Interest

  	
   

  
	
  Section 2.12.

  	
  CUSIP Numbers

  	
   

  
	
  Section
  2.13.

  	
  Book-Entry
  Provisions for Global Securities

  	
   

  
	
  Section
  2.14.

  	
  Special
  Transfer Provisions

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  III.

  

  REDEMPTION OF SECURITIES

  
	
   

  
	
  Section
  3.01.

  	
  Applicability
  of Article

  	
   

  
	
  Section
  3.02.

  	
  Election
  To Redeem; Notice to Trustee

  	
   

  
	
  Section
  3.03.

  	
  Deposit
  of Redemption Price

  	
   

  
	
  Section
  3.04.

  	
  Securities
  Payable on Redemption Date

  	
   

  
	
  Section
  3.05.

  	
  Securities
  Redeemed in Part

  	
   

  

 

(1)                                  The Table of Contents is not part of the
Indenture.

 

i

 

	
  ARTICLE
  IV.

  

  SINKING FUNDS

  
	
   

  
	
  Section
  4.01.

  	
  Applicability
  of Article

  	
   

  
	
  Section
  4.02.

  	
  Satisfaction
  of Sinking Fund Payments With Securities

  	
   

  
	
  Section
  4.03.

  	
  Redemption
  of Securities for Sinking Fund

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  V.

  
DEFEASANCE AND COVENANT DEFEASANCE

  
	
   

  
	
  Section
  5.01.

  	
  Company’s
  Option To Effect Defeasance or Covenant Defeasance

  	
   

  
	
  Section
  5.02.

  	
  Defeasance
  and Discharge

  	
   

  
	
  Section
  5.03.

  	
  Covenant
  Defeasance

  	
   

  
	
  Section
  5.04.

  	
  Conditions
  to Defeasance Covenant Defeasance

  	
   

  
	
  Section
  5.05.

  	
  Deposited
  Money and U.S. Government Obligations To Be Held in Trust; Other
  Miscellaneous Provisions

  	
   

  
	
  Section
  5.06.

  	
  Reinstatement

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  VI.

  

  PARTICULAR COVENANTS OF THE COMPANY

  
	
   

  
	
  Section
  6.01.

  	
  Payment
  of Principal, Premium and Interest on Securities

  	
   

  
	
  Section
  6.02.

  	
  Maintenance
  of Office or Agency

  	
   

  
	
  Section
  6.03.

  	
  Money
  for Securities Payments To Be Held in Trust

  	
   

  
	
  Section
  6.04.

  	
  Payment
  of Taxes and Other Claims

  	
   

  
	
  Section
  6.05.

  	
  Maintenance
  of Properties

  	
   

  
	
  Section
  6.06.

  	
  Existence

  	
   

  
	
  Section
  6.07.

  	
  Compliance
  with Laws

  	
   

  
	
  Section
  6.08.

  	
  Statement
  by Officers as to Default

  	
   

  
	
  Section
  6.09.

  	
  Waiver
  of Certain Covenants

  	
   

  
	
  Section
  6.10.

  	
  Limitations
  on Liens

  	
   

  
	
  Section
  6.11.

  	
  Limitations
  on Sale and Leaseback

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  VII.

  

  SECURITIES HOLDERS’ LIST AND REPORTS BY THE COMPANY AND THE TRUSTEE

  
	
   

  
	
  Section
  7.01.

  	
  Company
  To Furnish Trustee Names and Addresses of Holders

  	
   

  
	
  Section
  7.02.

  	
  Preservation
  of Information; Communication to Holders

  	
   

  
	
  Section
  7.03.

  	
  Reports
  by Trustee

  	
   

  
	
  Section
  7.04.

  	
  Reports
  by Company

  	
   

  

 

ii

 

	
  ARTICLE
  VIII.

  

  DEFAULT

  
	
   

  
	
  Section
  8.01.

  	
  Event
  of Default

  	
   

  
	
  Section
  8.02.

  	
  Covenant
  of Company To Pay to Trustee Whole Amount Due on Securities on Default in
  Payment of Interest or Principal; Suits for Enforcement by Trustee

  	
   

  
	
  Section
  8.03.

  	
  Application
  of Money Collected by Trustee

  	
   

  
	
  Section
  8.04.

  	
  Limitation
  on Suits by Holders of Securities

  	
   

  
	
  Section
  8.05.

  	
  Rights
  and Remedies Cumulative; Delay or Omission in Exercise of Rights Not a Waiver
  of Event of Default

  	
   

  
	
  Section
  8.06.

  	
  Rights
  of Holders of Majority in Principal Amount of Outstanding Securities To
  Direct Trustee

  	
   

  
	
  Section
  8.07.

  	
  Requirement
  of an Undertaking To Pay Costs in Certain Suits Under the Indenture or
  Against the Trustee

  	
   

  
	
  Section
  8.08.

  	
  Notice
  of Defaults

  	
   

  
	
  Section
  8.09.

  	
  Unconditional
  Right of Holders To Receive Principal, Premium, and Interest

  	
   

  
	
  Section
  8.10.

  	
  Restoration
  of Rights and Remedies

  	
   

  
	
  Section
  8.11.

  	
  Trustee
  May File Proofs of Claims

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  IX.

  

  CONCERNING THE TRUSTEE

  
	
   

  
	
  Section
  9.01.

  	
  Certain
  Duties and Responsibilities

  	
   

  
	
  Section
  9.02.

  	
  Certain
  Rights of Trustee

  	
   

  
	
  Section
  9.03.

  	
  Not
  Responsible for Recitals or Issuance of Securities

  	
   

  
	
  Section
  9.04.

  	
  May
  Hold Securities

  	
   

  
	
  Section
  9.05.

  	
  Money
  Held in Trust

  	
   

  
	
  Section
  9.06.

  	
  Compensation
  and Reimbursement

  	
   

  
	
  Section
  9.07.

  	
  Disqualification;
  Conflicting Interests

  	
   

  
	
  Section
  9.08.

  	
  Corporate
  Trustee Required; Eligibility

  	
   

  
	
  Section
  9.09.

  	
  Resignation
  and Removal; Appointment of Successor

  	
   

  
	
  Section
  9.10.

  	
  Acceptance
  of Appointment by Successor

  	
   

  
	
  Section
  9.11.

  	
  Merger,
  Conversion, Consolidation, or Succession to Business

  	
   

  
	
  Section
  9.12.

  	
  Preferential
  Collection of Claims Against Company

  	
   

  
	
  Section
  9.13.

  	
  Appointment
  of Authenticating Agent

  	
   

  
	
  Section
  9.14.

  	
  Trustee’s
  Application for Instructions from the Company

  	
   

  

 

iii

 

	
  ARTICLE
  X.

  

  SUPPLEMENTAL INDENTURES AND CERTAIN ACTIONS

  
	
   

  
	
  Section
  10.01.

  	
  Purposes
  for Which Supplemental Indentures May Be Entered Into Without Consent of
  Holders

  	
   

  
	
  Section
  10.02.

  	
  Modification
  of Indenture with Consent of Holders of at Least a Majority in Principal
  Amount of Outstanding Securities

  	
   

  
	
  Section
  10.03.

  	
  Execution
  of Supplemental Indentures

  	
   

  
	
  Section
  10.04.

  	
  Effect
  of Supplemental Indentures

  	
   

  
	
  Section
  10.05.

  	
  Conformity
  with Trust Indenture Act

  	
   

  
	
  Section
  10.06.

  	
  Reference
  in Securities to Supplemental Indentures

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  XI.

  

  CONSOLIDATION, MERGER, SALE, OR TRANSFER

  
	
   

  
	
  Section
  11.01.

  	
  Consolidations
  and Mergers of Company and Sales Permitted Only on Certain Terms

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  XII.

  

  SATISFACTION AND DISCHARGE OF INDENTURE

  
	
   

  	
   

  	
   

  
	
  Section
  12.01.

  	
  Satisfaction
  and Discharge of Indenture

  	
   

  
	
  Section
  12.02.

  	
  Application
  of Trust Money

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  XIII.

  

  MISCELLANEOUS PROVISIONS

  
	
   

  
	
  Section
  13.01.

  	
  Successors
  and Assigns of Company Bound by Indenture

  	
   

  
	
  Section
  13.02.

  	
  Service
  of Required Notice to Trustee and Company

  	
   

  
	
  Section
  13.03.

  	
  Service
  of Required Notice to Holders; Waiver

  	
   

  
	
  Section
  13.04.

  	
  Indenture
  and Securities to Be Construed in Accordance with the Laws of the State of
  New York

  	
   

  
	
  Section
  13.05.

  	
  Compliance
  Certificates and Opinions

  	
   

  
	
  Section
  13.06.

  	
  Form
  of Documents Delivered to Trustee

  	
   

  
	
  Section
  13.07.

  	
  Payments
  Due on Non-Business Days

  	
   

  
	
  Section
  13.08.

  	
  Provisions
  Required by Trust Indenture Act To Control

  	
   

  
	
  Section
  13.09.

  	
  Invalidity
  of Particular Provisions

  	
   

  
	
  Section
  13.10.

  	
  Indenture
  May Be Executed in Counterparts

  	
   

  
	
  Section
  13.11.

  	
  Acts
  of Holders; Record Dates

  	
   

  
	
  Section
  13.12.

  	
  Effect
  of Headings and Table of Contents

  	
   

  
	
  Section
  13.13.

  	
  Benefits
  of Indenture

  	
   

  
	
  Section
  13.14.

  	
  Waiver
  of Jury Trial

  	
   

  
	
  Section
  13.15.

  	
  Force
  Majeure

  	
   

  

 

iv

 

EXHIBITS

 

	
  Exhibit A

  	
  Form of
  Security

  	
   

  
	
  Exhibit B

  	
  Form of
  Certificate To Be Delivered in Connection with Transfers Pursuant to Rule
  144A

  	
   

  
	
  Exhibit C

  	
  Form of
  Certificate To Be Delivered in Connection with Transfers Pursuant to
  Regulation S

  	
   

  
	
  Exhibit D

  	
  Form of
  Certificate To Be Delivered in Connection with Transfers to Institutional
  Accredited Investors

  	
   

  

 

v

 

DANA
CORPORATION

Senior
Securities

Cross-Reference
Sheet(2)

 

This
Cross Reference Sheet shows the location in the

Indenture
of the provisions inserted pursuant

to
Sections 310 - 318(a), inclusive, of the

Trust
Indenture Act of 1939, as amended.

 

	
  Trust Indenture Act

  	
   

  	
  Sections
  of Indenture

  
	
   

  	
   

  
	
  Section 310

  	
  (a)(l)

  	
  9.08

  
	
   

  	
  (a)(2)

  	
  9.08

  
	
   

  	
  (a)(3)

  	
  Inapplicable

  
	
   

  	
  (a)(4)

  	
  Inapplicable

  
	
   

  	
  (a)(5)

  	
  9.08

  
	
   

  	
  (b)

  	
  9.07 and 9.09

  
	
   

  	
  (c)

  	
  Inapplicable

  
	
  Section 311

  	
  (a)

  	
  9.12

  
	
   

  	
  (b)

  	
  9.12

  
	
   

  	
  (c)

  	
  Inapplicable

  
	
  Section 312 

  	
  (a)

  	
  7.01 and 7.02

  
	
   

  	
  (b)

  	
  7.02

  
	
   

  	
  (c)

  	
  7.02

  
	
  Section 313 

  	
  (a)

  	
  7.03

  
	
   

  	
  (b)

  	
  7.03

  
	
   

  	
  (c)

  	
  7.03

  
	
   

  	
  (d)

  	
  7.03

  
	
  Section 314

  	
  (a)

  	
  7.04

  
	
   

  	
  (a)(4)

  	
  1.01 and 6.07

  
	
   

  	
  (b)

  	
  Inapplicable

  
	
   

  	
  (c)(l)

  	
  13.05

  
	
   

  	
  (c)(2)

  	
  13.05

  
	
   

  	
  (c)(3)

  	
  Inapplicable

  
	
   

  	
  (d)

  	
  Inapplicable

  
	
   

  	
  (e)

  	
  13.05

  
	
   

  	
  (f)

  	
  Inapplicable

  
	
  Section 315 

  	
  (a)

  	
  9.01

  
	
   

  	
  (b)

  	
  8.08

  
	
   

  	
  (c)

  	
  9.01

  
				

 

(2)                                  The Cross-Reference Sheet is not part of the
Indenture.

 

 

	
   

  	
  (d)

  	
  9.01

  
	
   

  	
  (e)

  	
  8.07

  
	
  Section 316

  	
  (a)

  	
  1.01

  
	
   

  	
  (a)(1)(A)

  	
  8.01 and 8.06

  
	
   

  	
  (a)(1)(B)

  	
  8.01

  
	
   

  	
  (a)(2)

  	
  Inapplicable

  
	
   

  	
  (b)

  	
  8.09

  
	
   

  	
  (c)

  	
  13.11

  
	
  Section 317

  	
  (a)(l)

  	
  8.02

  
	
   

  	
  (a)(2)

  	
  8.02

  
	
   

  	
  (b)

  	
  6.03

  
	
  Section 318

  	
  (a)

  	
  13.08

  

 

2

 

Indenture,
dated as of December 10, 2004, between Dana Corporation, a corporation duly
organized and existing under the laws of the Commonwealth of Virginia (the “Company”),
and Citibank, N.A., a national banking association, duly incorporated and
existing under the laws of the United States of America (herein called the “Trustee”).

 

RECITALS

 

A.                                    The Company has duly authorized the execution
and delivery of this Indenture to provide for the issuance from time to time of
its unsecured debentures, notes, and other evidences of indebtedness (the “Initial
Securities”), to be issued in one or more series as in this Indenture provided,
and if and when issued as provided in a Registration Rights Agreement of the
Company, Securities to be issued in exchange for the Initial Securities of the
same maturity (the “Exchange Securities,” and together with the Initial
Securities, the “Securities”).

 

B.                                      The Securities of each series will be in
substantially the form set forth in Exhibit A, or in such other form as may be established
by or pursuant to a Board Resolution or in one or more indentures supplemental
hereto, in each case with such appropriate insertions, omissions,
substitutions, and other variations as are required or permitted by this
Indenture, and may have such letters, numbers, or other marks of identification
and such legends or endorsements placed thereon as may be required to comply
with the rules of any securities exchange or as may, consistently herewith, be
determined by the officers executing such Securities, as evidenced by their
execution of the Securities.

 

All
terms used in the Security that are defined in the Indenture will have the
respective meanings assigned to them in the Indenture.

 

C.                                      The Trustee’s certificate of authentication
will be in substantially the following form:

 

[Form
of Trustee’s Certificate Of

Authentication for Securities]

 

Trustee’s Certificate of Authentication

 

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

 

	
   

  	
  CITIBANK, N.A.,

  
	
  Dated:

  	
   

  	
   

  	
  As Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Authorized Signatory

  
						

 

D.                                      Every Global Security authenticated and
delivered hereunder will bear a legend in substantially the following form:

 

[Form
of Legend for Global Securities]

 

 

THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF.
THIS SECURITY MAY NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED FOR
SECURITIES REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN THE DEPOSITARY OR A
NOMINEE THEREOF, AND NO SUCH TRANSFER MAY BE REGISTERED, EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY SECURITY AUTHENTICATED AND
DELIVERED UPON REGISTRATION OF, TRANSFER OF, OR IN EXCHANGE FOR, OR IN LIEU OF,
THIS SECURITY WILL BE A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN
SUCH LIMITED CIRCUMSTANCES.

 

E.                                      Every Transfer Restricted Security
authenticated and delivered hereunder will bear a legend in substantially the
following form:

 

[Form
of Legend for Transfer Restricted Securities]

 

THIS
SECURITY (OR ITS PREDECESSOR) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MANY NOT BE
OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED WITHIN THE UNITED STATES OR TO,
OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS, EXCEPT AS SET FORTH IN THE NEXT
SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE
HOLDER:

 

(a)                                      REPRESENTS THAT (a) IT IS A “QUALIFIED
INSTITUTION BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) (A
“QIB”), (b) IT HAS ACQUIRED THIS SECURITY IN AN OFFSHORE TRANSACTION IN
COMPLIANCE WITH REGULATION S UNDER THE SECURITIES ACT OR (c) IT IS AN
INSTITUTIONAL “ACCREDITED INVESTOR” (AS DEFINED IN RULE 501(a)(l), (2), (3) OR
(7) OR REGULATION D UNDER THE SECURITIES ACT) (AN “IAI”);

 

(b)                                   AGREES THAT IT WILL NOT RESELL OR OTHERWISE
TRANSFER THIS SECURITY EXCEPT (a) TO DANA CORPORATION OR ANY OF ITS
SUBSIDIARIES, (b) TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QIB
PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QIB IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (c) IN AN OFFSHORE TRANSACTION MEETING
THE REQUIREMENTS OF RULE 903 OR 904 OF THE SECURITIES ACT, (d) IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144 UNDER THE SECURITIES ACT, (e) TO AN IAI
THAT, PRIOR TO SUCH TRANSFER. FURNISHES THE TRUSTEE A SIGNED LETTER CONTAINING
CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE TRANSFER OF THIS
SECURITY (THE FORM OF WHICH CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER
IS IN RESPECT OF A TOTAL PRINCIPAL AMOUNT OF SECURITIES LESS THAN $250,000, AN
OPINION OF COUNSEL ACCEPTABLE TO DANA CORPORATION THAT SUCH TRANSFER IS IN
COMPLIANCE WITH THE SECURITIES ACT, (f) IN ACCORDANCE WITH ANOTHER EXEMPTION
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN
OPINION OF COUNSEL

 

2

 

ACCEPTABLE TO DANA CORPORATION) OR (g)
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN
ACCORDANCE WITH THE APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
STATES OR ANY OTHER APPLICABLE JURISDICTION; AND

 

(c)                                  AGREES THAT IT WILL DELIVER TO EACH PERSON TO
WHOM THIS SECURITY OR AN INTEREST HEREIN IS TRANSFERRED A NOTICE SUBSTANTIALLY
TO THE EFFECT OF THIS LEGEND.

 

AS
USED HEREIN, THE TERMS “OFFSHORE TRANSACTION” AND “UNITED STATES” HAVE THE
MEANINGS GIVEN TO THEM BY RULE 902 OF REGULATION S UNDER THE SECURITIES ACT OF
1933. THE INDENTURE CONTAINS A PROVISION REQUIRING THE TRUSTEE TO REFUSE TO
REGISTER ANY TRANSFER OF THIS SECURITY IN VIOLATION OF THE FOREGOING.

 

F.                                         All acts and things necessary to make the
Securities, when the Securities have been executed by the Company and
authenticated by the Trustee and delivered as provided in this Indenture, the
valid, binding, and legal obligations of the Company and to constitute these presents
a valid indenture and agreement according to its terms, have been done and
performed, and the execution and delivery by the Company of this Indenture and
the issue hereunder of the Securities have in all respects been duly
authorized; and the Company, in the exercise of legal right and power in it
vested, is executing and delivering this Indenture and proposes to make, execute,
issue, and deliver the Securities.

 

G.                                        As of the date hereof, Dana Credit
Corporation, Diamond Financial Holdings, Inc., Dana Commercial Credit (UK)
Limited and their respective subsidiaries are designated as “Unrestricted
Subsidiaries” of the Company.

 

NOW,
THEREFORE, THIS INDENTURE WITNESSETH:

 

In
order to declare the terms and conditions upon which the Securities are
authenticated, issued, and delivered, and in consideration of the premises and
of the purchase and acceptance of the Securities by the Holders thereof, it is
mutually agreed, for the equal and proportionate benefit of the respective
Holders from time to time of the Securities or of a series thereof, as follows:

 

ARTICLE I.

 

DEFINITIONS

 

Section 1.01.                             Certain
Terms Defined.

 

(a)                                  The terms defined in this Section 1.01
(except as herein otherwise expressly provided or unless the context of this
Indenture otherwise requires) for all purposes of this Indenture and of any
indenture supplemental hereto have the respective meanings specified in this
Section 1.01. All other terms used in this Indenture that are defined in the
Trust Indenture Act, either directly or by reference therein (except as herein
otherwise expressly provided or

 

3

 

unless the context of this Indenture
otherwise requires), have the respective meanings assigned to such terms in the
Trust Indenture Act as in force at the date of this Indenture as originally
executed.

 

Act:

 

The
term “Act”, when used with respect to any Holder, has the meaning set forth in
Section 13.11.

 

Affiliate:

 

The
term “Affiliate” means, with respect to a particular Person, any Person that,
directly or indirectly, is in control of, is controlled by, or is under common
control with, such Person. For purposes of this definition, control of a Person
means the power to direct the management and policies of such Person, directly
or indirectly, whether through the ownership of voting securities, by contract
or otherwise; and the terms “controlling” and “controlled” have meanings
correlative of the foregoing.

 

Authenticating
Agent:

 

The
term “Authenticating Agent” means any Person authorized by the Trustee pursuant
to Section 9.13 to act on behalf of the Trustee to authenticate Securities of
one or more series.

 

Board
Resolution:

 

The
term “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, and delivered to the Trustee.

 

Business
Day:

 

The
term “Business Day”, when used with respect to any Place of Payment, means each
Monday, Tuesday, Wednesday, Thursday, and Friday which is not a day on which
banking institutions in that Place of Payment are authorized or required by law
or executive order to close.

 

Capital Lease:

 

The
term “Capital Lease” means, with respect to any Person, any lease of property
(whether real, personal, or mixed) by such Person or its Subsidiaries as lessee
that would be capitalized on a balance sheet of such Person or its Subsidiaries
prepared in conformity with GAAP, other than, in the case of such Person or its
Subsidiaries, any such lease under which such Person or any of its Subsidiaries
is the lessor.

 

4

 

Capital Lease Obligations:

 

The
term “Capital Lease Obligations” means, with respect to any Person, the
capitalized amount of all obligations of such Person and its Subsidiaries under
Capital Leases, as determined on a consolidated basis in conformity with GAAP.

 

Commission:

 

The
term “Commission” means the Securities and Exchange Commission, as from time to
time constituted, created under the Exchange Act or, if at any time after the
execution of this instrument such Commission is not existing and performing the
duties now assigned to it under the Trust Indenture Act, then the body
performing such duties at such time.

 

Common
Stock:

 

The
term “Common Stock” means the common stock of the Company.

 

Company:

 

The
term “Company” means Dana Corporation, a Virginia corporation, until a
successor Person shall have become such pursuant to the applicable provisions
of this Indenture, and thereafter “Company” will mean such successor Person.

 

Company
Request or Company Order:

 

The
term “Company Request” or “Company Order” means a written request or order
signed in the name of the Company by the Chairman of the Board of Directors,
the Vice Chairman of the Board of Directors, the President, a Vice President,
the Treasurer, an Assistant Treasurer, the Secretary, or an Assistant Secretary
of the Company, and delivered to the Trustee.

 

Consolidated
Net Tangible Assets:

 

The
term “Consolidated Net Tangible Assets” means the total assets (less applicable
reserved and other properly deductible items) on the balance sheet of the
Company and its consolidated Subsidiaries for the most recent fiscal quarter,
less (i) all current liabilities and (ii) goodwill, trade names, patents,
organization expenses and other like intangibles of the Company and its
consolidated Subsidiaries.

 

Corporate Trust Office:

 

The
term “Corporate Trust Office” means the principal office of the Trustee at
which at any particular time its corporate trust business shall be
administered, which office at the date hereof is located at 388 Greenwich
Street, 14th Floor, New York, New York 10013, Attention: Citibank Agency &
Trust or such other address as the Trustee may designate from time to time by
notice to the Holders and the Company, or the principal corporate trust office
of any successor Trustee (or such other address as successor Trustee may
designate from time to time by notice to the Holders and the Company).

 

5

 

Covenant Defeasance:

 

The
term “Covenant Defeasance” has the meaning set forth in Section 5.03.

 

Default:

 

The
term “Default” means any event which, with notice or passage of time or both,
would constitute an Event of Default.

 

Defaulted Interest:

 

The
term “Defaulted Interest” has the meaning set forth in Section 2.09.

 

Defeasance:

 

The
term “Defeasance” has the meaning set forth in Section 5.02.

 

Defeasible Series:

 

The
term “Defeasible Series” has the meaning set forth in Section 5.01.

 

Depositary:

 

The
term “Depositary” means, with respect to Securities of any series issuable in
whole or in part in the form of one or more Global Securities, a clearing
agency registered under the Exchange Act that is designated to act as
Depositary for such Securities as contemplated by Section 2.01.

 

Event of
Default:

 

The
term “Event of Default” has the meaning set forth in Section 8.01(a).

 

Exchange Act:

 

The
term “Exchange Act” means the Securities Exchange Act of 1934, as amended, or
any similar federal statute, and the rules and regulations of the Commission
thereunder, as the same may be in effect from time to time.

 

Exchange Offer:

 

The
term “Exchange Offer” means an offer that may be made by the Company pursuant
to the Registration Rights Agreement to exchange Securities bearing the
Restricted Securities Legend for the Exchange Securities.

 

Exchange Securities:

 

The
term “Exchange Securities” has the meaning set forth in the recitals hereto.

 

6

 

Funded Debt:

 

The
term “Funded Debt” means indebtedness for borrowed money owed or guaranteed by
the Company or any consolidated Restricted Subsidiary, and any other
indebtedness which under GAAP would appear as debt on the consolidated balance
sheet of the Company, which matures by its terms more than twelve months from
the date as of which Funded debt is to be determined or is extendible or renewable
at the option of the obligor to a date more than twelve months from the date as
of which Funded Debt is to be determined.

 

GAAP:

 

The
term “GAAP” means generally accepted accounting principles in the United States
of America as in effect from time to time set forth in the opinions and
pronouncements of the Accounting Principles Board and the American Institute of
Certified Public Accountants and the statements and pronouncements of the
Financial Accounting Standards Board, or in such other statements by any
successor entity as may be in general use by significant segments of the
accounting profession, which are applicable to the circumstances as of the date
of determination.

 

Global
Security:

 

The
term “Global Security” means a Security that evidences all or part of the
Securities of any series and is authenticated and delivered to, and registered
in the name of, the Depositary for such Securities or a nominee thereof.

 

Global
Securities Legend:

 

The
term “Global Securities Legend” means the legend identified as such in Exhibit
A.

 

Holder:

 

The
term “Holder” means a person in whose name a particular Security is registered
in the Security Register.

 

Indebtedness:

 

The
term “Indebtedness” means, as applied to any Person, without duplication: (a)
all obligations of such Person for borrowed money; (b) all obligations of such
Person for the deferred purchase price of property or services (other than
property and services purchased, and expense accruals and deferred compensation
items arising, in the ordinary course of business); (c) all obligations of such
Person evidenced by notes, bonds, debentures, mandatorily redeemable preferred
stock, or other similar instruments (other than performance, surety, and
appeals bonds arising in the ordinary course of business); (d) all payment
obligations created or arising under any conditional sale, deferred price, or
other title retention agreement with respect to property acquired by such
Person (unless the rights and remedies of the seller or lender under such
agreement in the event of default are limited to repossession or sale of such
property); (e) any Capital Lease Obligation of such Person; (f) all
reimbursement, payment, or similar obligations,

 

7

 

contingent or otherwise, of such Person under
acceptance, letter of credit, or similar facilities (other than letters of
credit in support of trade obligations or incurred in connection with public
liability insurance, workers compensation, unemployment insurance, old-age pensions,
and other social security benefits other than in respect of employee benefit
plans subject to ERISA); (g) all obligations of such Person, contingent or
otherwise, under any guarantee by such Person of the obligations of another
Person of the type referred to in clauses (a) through (f) above; and (h) all
obligations referred to in clauses (a) through (f) above secured by (or for
which the holder of such Indebtedness has an existing right, contingent or
otherwise, to be secured by) any mortgage or security interest in property
(including without limitation accounts, contract rights, and general
intangibles) owned by such Person and as to which such Person has not assumed
or become liable for the payment of such obligations other than to the extent
of the property subject to such mortgage or security interest; provided,
however, that Indebtedness of the type referred to
in clauses (g) and (h) above shall be included within the definition of
“Indebtedness” only to the extent of the least of: (i) the amount of the
underlying Indebtedness referred to in the applicable clause (a) through (f)
above; (ii) in the case of clause (g), the limit on recoveries, if any, from
such Person under obligations of the type referred to in clause (g) above; and
(iii) in the case of clause (h), the aggregate value (as determined in good
faith by the Board of Directors) of the security for such Indebtedness.

 

Indenture:

 

The
term “Indenture” means this Indenture, as this Indenture may be amended,
supplemented, or otherwise modified from time to time, including, for all
purposes of this Indenture and any such supplemental indenture, the provisions
of the Trust Indenture Act that are deemed to be a part of and govern this
instrument and any such supplemental indenture, respectively. The term
“Indenture” will also include the terms of particular series of Securities
established as contemplated by Section 2.01.

 

Initial
Securities:

 

The
term “Initial Securities” has the meaning set forth in the recitals hereto.

 

Interest:

 

The
term “Interest,” (i) when used with respect to an Original Issue Discount
Security which by its terms bears interest only after Maturity, means interest
which accrues from and after and is payable after Maturity and (ii) when used
with respect to any Security, means the amount of all interest accruing on such
Security, including any Defaulted Interest and any interest accruing after any
Event of Default that would have accrued but for the occurrence of such Event
of Default, whether or not a claim for such interest would be otherwise
allowable under applicable law.

 

Interest Payment Date:

 

The term “Interest Payment Date,” when used with respect to any
Security, means the Stated Maturity of an installment of interest on such
Security.

 

8

 

Issue Date:

 

The
term “Issue Date” means the date on which Initial Securities are issued under a
supplemental indenture.

 

Material Adverse Effect:

 

The
term “Material Adverse Effect” means a material adverse effect on the business,
assets, financial condition or results of operations of the Company and its
Subsidiaries taken as a whole.

 

Maturity:

 

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

 

Notice of
Default:

 

The
term “Notice of Default” means a written notice of the kind set forth in
Section 8.01(a)(iv).

 

Officer’s
Certificate:

 

The
term “Officer’s Certificate” means a certificate executed on behalf of the
Company by a Responsible Officer, and delivered to the Trustee.

 

Opinion of
Counsel:

 

The
term “Opinion of Counsel” means an opinion in writing signed by legal counsel,
who, subject to any express provisions hereof, may be an employee of or counsel
for the Company or any Subsidiary, reasonably acceptable to the Trustee.

 

Original Issue Discount Security:

 

The
term “Original Issue Discount Security” means any Security which provides for
an amount less than the principal amount thereof to be due and payable upon a
declaration of acceleration of the Maturity thereof pursuant to Section
8.01(b).

 

Outstanding:

 

The
term “Outstanding” means, when used with reference to Securities as of a
particular time, all Securities theretofore issued by the Company and
authenticated and delivered by the Trustee under this Indenture, except (a)
Securities theretofore cancelled by the Trustee or delivered to the Trustee for
cancellation, (b) Securities for the payment or redemption of which money in
the necessary amount has been theretofore deposited with the Trustee or any
Paying Agent (other than the Company) in trust or set aside and segregated in trust
by the Company (if

 

9

 

the Company is acting as its own Paying
Agent) for the Holders of such Securities; provided that, if such Securities
are to be redeemed, notice of such redemption has been duly given pursuant to
this Indenture or provision therefor satisfactory to the Trustee has been made,
and (c) Securities in exchange for or in lieu of which other Securities have
been authenticated and delivered pursuant to this Indenture, other than any
such Securities in respect of which there shall have been presented to the
Trustee proof satisfactory to it that such Securities are held by a bona fide
purchaser in whose hands such Securities are valid obligations of the Company; provided,
however, that in determining whether the Holders of
the requisite principal amount of the Outstanding Securities have given any
request, demand, authorization, direction, notice, consent, or waiver
hereunder, (i) the principal amount of an Original Issue Discount Security that
will be deemed to be Outstanding will be the amount of the principal thereof
that would be due and payable as of the date of such determination upon
acceleration of the Maturity thereof to such date pursuant to Section 8.01(b),
(ii) the principal amount of a Security denominated in one or more foreign
currencies or currency units will be the U.S. dollar equivalent, determined in
the manner contemplated by Section 2.01 on the date of original issuance of
such Security, of the principal amount (or, in the case of an Original Issue
Discount Security, the U.S. dollar equivalent on the date of original issuance
of such Security of the amount determined as provided in clause (i) above) of
such Security, and (iii) Securities owned by the Company or any other obligor
upon the Securities or any Affiliate of the Company or of such other obligor
will be disregarded and deemed not to be Outstanding, except that, in
determining whether the Trustee will be protected in relying upon any such
request, demand, authorization, direction, notice, consent, or waiver, only
Securities which a Responsible Officer of the Trustee actually knows to be so
owned will be so disregarded. Securities so owned which have been pledged in
good faith may be regarded as Outstanding if the pledgor establishes to the
satisfaction of the Trustee the pledgee’s right so to act with respect to such
Securities and that the pledgee is not the Company or any other obligor upon
the Securities or any Affiliate of the Company or of such other obligor.

 

Paying Agent:

 

The
term “Paying Agent” means any Person authorized by the Company to pay the
principal of or any premium or interest on any Securities on behalf of the
Company.

 

Person:

 

The
term “Person” means any individual, partnership, corporation, joint stock
company, business trust, trust, unincorporated association, joint venture, or
other entity, or government or political subdivision or agency thereof.

 

Place of Payment:

 

The
term “Place of Payment,” when used with respect to the Securities of any
series, means the place or places where the principal of and any premium and
interest on the Securities of that series are payable as specified as
contemplated by Section 2.01.

 

10

 

Predecessor Security:

 

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

 

Principal Property:

 

The
term “Principal Property” means any real property (including building and other
improvements) of the Company or any Restricted Subsidiary, owned currently or
hereafter acquired (other than any pollution control facility, cogeneration
facility or small power production facility) which has a book value in excess
of 2% of Consolidated Net Tangible Assets.

 

Redemption
Date:

 

The
term “Redemption Date,” when used with respect to any Security to be redeemed,
means the date fixed for such redemption by or pursuant to this Indenture.

 

Redemption
Price:

 

The
term “Redemption Price,” when used with respect to any Security to be redeemed,
means the price (including premium, if any) at which it is to be redeemed
pursuant to this Indenture.

 

Registration
Rights Agreement:

 

The
term “Registration Rights Agreement” means (i) a Registration Rights Agreement
dated as of an Issue Date among the Company and the initial purchasers of the
Initial Securities of a particular series and (ii) any other registration
rights agreement entered into in connection with an issuance of additional
Securities in a private offering after such Issue Date.

 

Regular Record Date:

 

The
term “Regular Record Date” for the interest payable on any Interest Payment
Date on the Securities of any series means the date specified for that purpose
as contemplated by Section 2.01.

 

Responsible Officer:

 

The
term “Responsible Officer,” when used (a) with respect to the Company, means
the Chairman, the Deputy Chairman, the Vice Chairman, the President, a Vice
President, the Treasurer, an Assistant Treasurer, the Secretary, or an
Assistant Secretary of the Company and (b) with respect to the Trustee, any
vice president, any assistant vice president, any senior trust officer, any
trust officer or any other officer associated with the corporate trust
department

 

11

 

of the Trustee customarily performing
functions similar to those performed by any of the above designated officers
and also means, with respect to a particular corporate trust matter, any other
officer to whom such matter is referred because of his knowledge of and
familiarity with the particular subject.

 

Restricted Securities Legend:

 

The
term “Restricted Securities Legend” means the legend identified as such in Exhibit
A.

 

Restricted Subsidiary:

 

The
term “Restricted Subsidiary” means any Subsidiary of the Company other than an
“Unrestricted Subsidiary.” An “Unrestricted Subsidiary” means any Subsidiary
designated as such from time to time by the Board of Directors of the Company.

 

Sale and Leaseback Transaction:

 

The
term “Sale and Leaseback Transaction” means any arrangement with any person or
entity providing for the leasing by the Company or any Restricted Subsidiary of
any Principal Property whereby such Principal Property has been or is to be
sold or transferred by the Company or a Restricted Subsidiary to such person or
entity; provided, however, that the foregoing shall not apply to any such
arrangement involving a lease for a term, including renewal rights, of not more
than three years.

 

Secured Debt:

 

The
term “Secured Debt” means indebtedness (other than indebtedness among the
Company and Restricted Subsidiaries) which is secured by (i) a lien on any
Principal Property of the Company or a Restricted Subsidiary or (ii) on the
stock or indebtedness of a Restricted Subsidiary, or (iii) any guarantee of
indebtedness of the Company by a Restricted Subsidiary.

 

Securities:

 

The
term “Securities” has the meaning set forth in the first recital of this
Indenture and more particularly means any Securities authenticated and
delivered under this Indenture.

 

Security Register and Security
Registrar:

 

The
terms “Security Register” and “Security Registrar” have the respective meanings
set forth in Section 2.05.

 

Special Record Date:

 

The
term “Special Record Date” for the payment of any Defaulted Interest means a
date fixed by the Trustee pursuant to Section 2.09.

 

12

 

Stated Maturity:

 

The
term “Stated Maturity,” when used with respect to any Security, any installment
of interest thereon, or any other amount payable under this Indenture or the
Securities, means the date specified in this Indenture or such Security as the
regularly scheduled date on which the principal of such Security, such installment
of interest, or such other amount, is due and payable.

 

Subsidiary:

 

The
term “Subsidiary” means, as applied with respect to any Person, any
corporation, partnership, or other business entity of which, in the case of a
corporation, more than 50% of the issued and outstanding capital stock having
ordinary voting power to elect a majority of the board of directors of such
corporation (irrespective of whether at the time capital stock of any other
class or classes of such corporation has or might have voting power upon the
occurrence of any contingency), or, in the case of any partnership or other
legal entity, more than 50% of the ordinary equity capital interests, is at the
time directly or indirectly owned or controlled by such Person, by such Person
and one or more of its other Subsidiaries, or by one or more of such Person’s
other Subsidiaries.

 

Transfer
Restricted Securities:

 

The
term “Transfer Restricted Securities” means Securities that bear or are
required to bear the Restricted Securities Legend.

 

Trust
Indenture Act:

 

The
term “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended,
as in force at the date as of which this instrument was executed; provided,
however, that in the event the Trust Indenture Act of
1939 is amended after such date, “Trust Indenture Act” means, to the extent
required by any such amendment, the Trust Indenture Act of 1939 as so amended.

 

Trustee:

 

The
term “Trustee” means the Person named as the “Trustee” in the first paragraph
of this Indenture until a successor Trustee shall have become such pursuant to
the applicable provisions of this Indenture, and thereafter “Trustee” will mean
or include each Person who is then a Trustee hereunder, and if at any time
there is more than one such Person, “Trustee” as used with respect to the
Securities of any series will mean each Trustee with respect to Securities of
that series.

 

U.S. Government Obligation:

 

The
term “U.S. Government Obligation” means (a) any security that is (i) a direct
obligation of the United States of America for the payment of which full faith
and credit of the United States of America is pledged or (ii) an obligation of
a Person controlled or supervised by

 

13

 

and acting as an agency or instrumentality of
the United States of America the payment of which is unconditionally guaranteed
as a full faith and credit obligation by the United States of America, which,
in either case (i) or (ii), is not callable or redeemable at the option of the
issuer thereof and (b) any depositary receipt issued by a bank (as defined in
Section 3(a)(2) of the Securities Act of 1933, as amended) as custodian with
respect to any U.S. Government Obligation specified in clause (a), which U.S.
Government Obligation is held by such custodian for the account of the holder
of such depositary receipt, or with respect to any specific payment of
principal of or interest on any such U.S. Government Obligation, provided that
(except as required by law) such custodian is not authorized to make any
deduction from the amount payable to the holder of such depositary receipt from
any amount received by the custodian in respect of the U.S. Government
Obligation or the specific payment of principal or interest evidenced by such
depositary receipt.

 

Vice President:

 

The
term “Vice President,” when used with respect to the Company or the Trustee,
means any vice president, whether or not designated by a number or a word or
words added before or after the title “vice president.”

 

(b)                                 The words “Article” and “Section” refer to an
Article and Section, respectively, of this Indenture. The words “herein”,
“hereof,” and “hereunder” and other words of similar import refer to this
Indenture as a whole and not to any particular Article, Section, or other
subdivision. Certain terms used principally in Articles V, VI, and IX are
defined in those Articles. Terms in the singular include the plural and terms
in the plural include the singular.

 

Section 1.02.                             Other Definitions.

 

	
  Term

  	
   

  	
  Defined
  in

  Section

  	
   

  
	
  “Act”

  	
   

  	
  13.11

  	
   

  
	
  “Agent Member”

  	
   

  	
  2.13

  	
   

  
	
  “CUSIP”

  	
   

  	
  2.12

  	
   

  
	
  “IAI”

  	
   

  	
  2.02

  	
   

  
	
  “IAI Global
  Security”

  	
   

  	
  2.02

  	
   

  
	
  “Permanent
  Regulation S Global Security”

  	
   

  	
  2.02

  	
   

  
	
  “Physical
  Securities”

  	
   

  	
  2.02

  	
   

  
	
  “QIBs”

  	
   

  	
  2.02

  	
   

  
	
  “QIB Global
  Security”

  	
   

  	
  2.02

  	
   

  
	
  “Regulation S”

  	
   

  	
  2.02

  	
   

  
	
  “Regulation S
  Global Security”

  	
   

  	
  2.02

  	
   

  
	
  “Rule 144A”

  	
   

  	
  2.02

  	
   

  
	
  “Surviving
  Person”

  	
   

  	
  11.01

  	
   

  
	
  “Temporary
  Regulation S Global Security”

  	
   

  	
  2.02

  	
   

  
	
  “U.S. Global
  Security”

  	
   

  	
  2.02

  	
   

  

 

14

 

ARTICLE II.

 

THE
SECURITIES.

 

Section 2.01.                             Designation and Amount of Securities.

 

(a)                                         The aggregate principal amount of Securities
that may be authenticated and delivered under this Indenture is unlimited.

 

(b)                                       The Securities may be issued in one or more
series. There will be established in or pursuant to a Board Resolution and,
subject to Section 2.04, set forth or determined in the manner provided in an
Officer’s Certificate, or established in one or more indentures supplemental
hereto, prior to the issuance of Securities of any series: (i) the title of the
Securities of the series (which will distinguish the Securities of the series
from Securities of any other series); (ii) any limit upon the aggregate
principal amount of the Securities of the series which may be authenticated and
delivered under this Indenture (except for Securities authenticated and
delivered upon registration of transfer of, or in the exchange for, or in lieu
of, other Securities of the series pursuant to Section 2.05, 2.06, 2.07, 3.05,
or 10.06 and except for any Securities which, pursuant to Section 2.04, are
deemed never to have been authenticated and delivered hereunder); (iii) the
Person to whom any interest on a Security of the series will be payable, if
other than the Person in whose name that Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date
for such interest; (iv) the date or dates on which the principal of the
Securities of the series is payable; (v) the rate or rates at which the
Securities of the series will bear interest, if any, the date or dates from
which such interest will accrue, the Interest Payment Dates on which any such
interest will be payable, and the Regular Record Date for any interest payable
on any Interest Payment Date; (vi) the place or places where the principal of
and any premium and interest on Securities of the series will be payable; (vii)
the period or periods within which, the price or prices at which, and the terms
and conditions upon which Securities of the series may be redeemed, in whole or
in part, at the option of the Company; (viii) the obligation, if any, of the
Company to redeem or purchase Securities of the series pursuant to any sinking
fund or analogous provisions or at the option of a Holder thereof and the period
or periods within which, the price or prices at which, and the terms and
conditions upon which Securities of the series will be redeemed or purchased,
in whole or in part, pursuant to such obligation; (ix) if other than
denominations of $2,000 and integral multiples of $1,000 thereof, the
denominations in which Securities of the series will be issuable; (x) the
currency, currencies, or currency units in which payment of the principal of
and any premium and interest on any Securities of the series will be payable if
other than the currency of the United States of America and the manner of
determining the equivalent thereof in the currency of the United States of
America for purposes of the definition of “Outstanding” in Section 1.01; (xi)
if the amount of payments of principal of or any premium or interest on any
Securities of the series may be determined with reference to an index, based
upon a formula, or in some other manner, the manner in which such amounts will
be determined; (xii) if the principal of or any premium or interest on any
Securities of the series is to be payable, at the election of the Company or a
Holder thereof, in one or more currencies or currency units other than that or
those in which the Securities are stated to be payable, the currency,
currencies, or currency units in which payment of the principal of and any premium
and interest on Securities of such series as to which such election is made
will be

 

15

 

payable, and the periods within which and the terms and conditions upon
which such election is to be made; (xiii) if other than the principal amount
thereof, the portion of the principal amount of Securities of the series which
will be payable upon declaration of acceleration of the Maturity thereof
pursuant to Section 8.01(b); (xiv) if applicable, that the Securities of the
series will be subject to either or both of Defeasance or Covenant Defeasance
as provided in Article V, provided that no series of Securities that is
convertible into Common Stock pursuant to Section 2.01(b)(xvi) or convertible
into or exchangeable for any other securities pursuant to Section 2.01(b)(xvii)
will be subject to Defeasance pursuant to Section 5.02; (xv) if and as
applicable, that the Securities of the series will be issuable in whole or in
part in the form of one or more Global Securities and, in such case, the
Depositary or Depositaries for such Global Security or Global Securities and
any circumstances other than those set forth in Section 2.05 in which any such
Global Security may be transferred to, and registered and exchanged for
Securities registered in the name of, a Person other than the Depositary for
such Global Security or a nominee thereof and in which any such transfer may be
registered; (xvi) the terms and conditions, if any, pursuant to which the
Securities are convertible into Common Stock; (xvii) the terms and conditions,
if any, pursuant to which the Securities are convertible into or exchangeable
for any other securities, including (without limitation) securities of Persons
other than the Company; and (xviii) any other terms of, or provisions,
covenants, rights or other matters applicable to, the series (which terms,
provisions, covenants, rights or other matters will not be inconsistent with
the provisions of this Indenture, except as permitted by Section 10.01(e)).

 

(c)                                     All Securities of any one series will be
substantially identical except as to denomination and except as may otherwise
be provided in or pursuant to the Board Resolution referred to below and
(subject to Section 2.04) set forth or determined in the manner provided in the
Officer’s Certificate referred to above or in any such indenture supplemental
hereto.

 

(d)                                    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 will be certified by the Secretary or an
Assistant Secretary of the Company and delivered to the Trustee concurrently
with or prior to the delivery of the Officer’s Certificate setting forth the
terms of the series.

 

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

 

(a)                                The Securities of each series will be in
substantially the form set forth in or otherwise contemplated by the recitals
to this Indenture, with appropriate variations to reflect the specific terms of
such series. If the form of Securities of any series is established by action taken
pursuant to a Board Resolution, a copy of an appropriate record of such action
will be certified by the Secretary or an Assistant Secretary of the Company and
delivered to the Trustee concurrently with or prior to the delivery of the
Company Order contemplated by Section 2.04 for the authentication and delivery
of such Securities.

 

(b)                               The definitive Securities will be printed,
lithographed, or engraved on steel engraved borders or may be produced in any
other manner permitted by the rules of any securities exchange on which the
Securities may be listed, all as determined by the officers executing such
Securities, as evidenced by their execution of such Securities.

 

16

 

(c)                                         The Trustee’s certificate of authentication
will be in substantially the form set forth in the recitals to this Indenture.

 

(d)                                        Every Global Security authenticated and
delivered hereunder will bear a Global Security Legend in substantially the
form set forth in the recitals to this Indenture.

 

(e)                                         Every Transfer Restricted Security
authenticated and delivered hereunder will bear a Restricted Security Legend
substantially in the form set forth in the recitals to this Indenture.

 

(f)                                         The Initial Securities are being issued by
the Company only (i) to “qualified institutional buyers” (as defined in Rule
144A under the Securities Act (“Rule 144A”)) (“QIBs”) and (ii) in reliance on
Regulation S under the Securities Act (“Regulation S”). After such initial
offers, Initial Securities that are Transfer Restricted Securities may be
transferred to, among others, QIBS, in reliance on Rule 144A or Regulation D,
and to institutional “Accredited Investors” as defined in Rule 501(a)(1), (2),
(3) or (7) under the Securities Act (“IAIs”), in accordance with certain
transfer restrictions. Initial Securities that are offered in reliance on Rule 144A
shall be issued initially in the form of one or more permanent Global
Securities substantially in the form set forth in Exhibit A with both
the Global Securities Legend and the Transfer Restricted Securities Legend
attached (the “QIB Global Security”) deposited with the Trustee, as custodian,
duly executed by the Company and authenticated by the Trustee as hereinafter
provided. In connection with any transfer following the Issue Date pursuant to
Section 2.14(a), upon receipt of a Company order, the Trustee shall
authenticate in accordance with Section 2.02, one or more permanent Global
Securities substantially in the form set forth in Exhibit A with both the
Global Securities Legend and the Transfer Restricted Securities Legend attached
(the “IAI Global Security” and, together with the QIB Global Security, the
“U.S. Global Securities”). Initial Securities that are offered in offshore
transactions in reliance on Regulation S shall be issued initially in the form
of one or more temporary Global Securities substantially in the form set forth
in Exhibit A with both the Global Securities Legend and the Transfer
Restricted Securities Legend attached (the “Temporary Regulation S Global
Security”) deposited with the Trustee, as custodian, duly executed by the
Company and authenticated by the Trustee as hereinafter provided. At any time
upon receipt by the Trustee and the Company of a certificate substantially in the
form of Exhibit C hereto, one or more permanent Global Securities
substantially in the form set forth in Exhibit A with the Global
Securities Legend attached (the “Permanent Regulation S Global Security” and
together with the Temporary Regulation S Global Security, the “Regulation S
Global Security”) duly executed by the Company and authenticated by the Trustee
as hereinafter provided shall be deposited with the Trustee, as custodian. The
QIB Global Security, the Regulation S Global Security and, if applicable, the
IAI Global Security, shall each be issued with separate CUSIP numbers. The
aggregate principal amount of each Global Security may from time to time be
increased or decreased by adjustments made on the records of the Trustee, as
custodian. Transfers of Initial Securities between QIBs and IAIs and to or by
purchasers pursuant to Regulation S shall be represented by appropriate
increases and decreases to the respective amounts of the appropriate Global
Securities, as more fully provided in Section 2.14.

 

(g)                                 Initial Securities offered other than as
described in paragraph (f), if any, shall be issued in the form of permanent
certificated Securities in registered form in substantially

 

17

 

the form set forth in Exhibit A, attached
hereto without the Global Securities Legend (the “Physical Securities”).

 

Section 2.03.                             Date and Denominations.

 

Each
Security will be dated the date of its authentication. The Securities of each
series will be issuable only in registered form without coupons in such
denominations as may be specified as contemplated by Section 2.01. In the
absence of any such specified denomination with respect to the Securities of
any series, the Securities of such series will be issuable in a minimum
denomination of $2,000 and integral multiples of $1,000 above such amount; provided,
however, that such denominations may be issued in
comparable amounts of foreign currency.

 

Section 2.04.                             Execution, Authentication and Delivery of
Securities.

 

(a)                                 The Securities will be executed on behalf of
the Company by the Chairman or any Vice Chairman of the Board of Directors, the
Chief Executive Officer, the President, or any Vice President of the Company
and attested by the Treasurer, the Secretary, any Assistant Treasurer, or any
Assistant Secretary of the Company under its corporate seal. The signature of any
of these officers on the Securities may be manual or facsimile. The seal of the
Company may be in the form of a facsimile thereof and may be impressed,
affixed, imprinted, or otherwise reproduced on the Securities.

 

(b)                                Only such Securities bearing the Trustee’s
certificate of authentication, signed manually by the Trustee, will be entitled
to the benefits of this Indenture or be valid or obligatory for any purpose.
Such execution of the certificate of authentication by the Trustee upon any
Securities executed by the Company will be conclusive evidence that the
Securities so authenticated have been duly authenticated and delivered
hereunder. Notwithstanding the foregoing, if any Security shall have been
authenticated and delivered hereunder but never issued and sold by the Company,
and the Company shall deliver such Security to the Trustee for cancellation as
provided in Section 2.08, for all purposes of this Indenture such Security will
be deemed never to have been authenticated and delivered hereunder and will
never be entitled to the benefits of this Indenture.

 

(c)                                 Securities bearing the manual or facsimile
signatures of individuals who were at any time the proper officers of the
Company will bind the Company, notwithstanding that such individuals or any of
them have ceased to hold such offices prior to the authentication and delivery
of such Securities or did not hold such offices at the date of such Securities.

 

(d)                                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 Company Order for the authentication and delivery of such Securities,
and the Trustee in accordance with the Company Order will authenticate and deliver
such Securities. If the form or terms of the Securities of the series have been
established in or pursuant to one or more Board Resolutions as permitted by
Sections 2.01 and 2.02, in authenticating such Securities, and accepting the
additional responsibilities under this Indenture in relation to such
Securities, the Trustee will be entitled to receive, and (subject to Section
9.01)

 

18

 

will be fully protected in relying upon, an
Opinion of Counsel stating (i) if the form of such Securities has been
established by or pursuant to a Board Resolution as permitted by Section 2.02,
that such form has been established in conformity with the provisions of this
Indenture, (ii) if the terms of such Securities have been established by or
pursuant to a Board Resolution as permitted by Section 2.01, that such terms
have been established in conformity with the provisions of this Indenture, and (iii)
that such Securities, when authenticated and delivered by the Trustee and issued
by the Company in the manner and subject to any conditions specified in such
Opinion of Counsel, will constitute valid and binding obligations of the
Company enforceable in accordance with their terms, except as the
enforceability thereof may be limited by bankruptcy, insolvency,
reorganization, moratorium, or other laws relating to or affecting creditors’
rights and by general principles of equity.

 

(e)                                  Notwithstanding the provisions of Sections
2.01 and 2.04(d), if all Securities of a series are not to be originally issued
at one time, it will not be necessary to deliver the Officer’s Certificate
otherwise required pursuant to Section 2.01 or the Company Order and Opinion of
Counsel otherwise required pursuant to Section 2.04(d) at or prior to the time of
authentication of each Security of such series if such documents are delivered
at or prior to the authentication upon original issuance of the first Security
of such series to be issued.

 

Section 2.05.                             Registration of Transfer and Exchange.

 

(a)                              The Company will cause to be kept at the
Corporate Trust Office a register (the register maintained in such office and
in any other office or agency of the Company in a Place of Payment being herein
sometimes collectively referred to as the “Security Register”) in which,
subject to such reasonable regulations as it may prescribe, the Company will
provide for the registration of Securities and of transfers of Securities. The
Trustee is hereby appointed “Security Registrar” for the purpose of registering
Securities and transfers of Securities as herein provided.

 

(b)                             Upon surrender for registration of transfer
of any Security of any series at the office or agency in a Place of Payment for
that series, the Company will execute, and the Trustee will authenticate and deliver
in the name of the designated transferee or transferees, one or more new
Securities of the same series, of any authorized denominations and of a like
aggregate principal amount and tenor.

 

(c)                              At the option of the Holder, Securities of
any series may be exchanged for other Securities of the same series, of any
authorized denominations and of a like aggregate principal amount and tenor,
upon surrender of the Securities to be exchanged at such office or agency.
Whenever any Securities are so surrendered for exchange, the Company will
execute, and the Trustee will authenticate and deliver the Securities which the
Holder making the exchange is entitled to receive.

 

(d)                             Every Security presented or surrendered for
registration of transfer or exchange will (if so required by the Company or the
Trustee) be duly endorsed, or be accompanied by a written instrument or
instruments of transfer, in form reasonably satisfactory to the Company and the
Security Registrar duly executed, by the Holder thereof or his attorney duly
authorized in writing. No service charge will be made for any registration of
transfer or exchange of

 

19

 

Securities, but the Company may require
payment of a sum sufficient to cover any tax or other governmental charge that
may be imposed in connection with any registration of transfer or exchange of
Securities, other than exchanges pursuant to Section 2.06, 3.05, or 10.06 not
involving any transfer. The Company will not be required (i) to issue, register
the transfer of, or exchange Securities of any series during a period beginning
at the opening of business 15 calendar days before the mailing of a notice of
redemption of Securities of that series selected for redemption under Section
3.02(c) and ending at the close of business on the day of such mailing or (ii)
to register the transfer of or exchange any Security so selected for redemption
in whole or in part, except, in the case of any Securities to be redeemed in
part, the portion thereof not being redeemed.

 

(e)                                         All Securities issued upon any registration
of transfer or exchange of Securities will be valid obligations of the Company,
evidencing the same debt, and entitled to the same benefits under this
Indenture, as the Securities surrendered upon such registration of transfer or
exchange.

 

(f)                                         Notwithstanding any other provision in this
Indenture, no Global Security may be transferred to, or registered or exchanged
for Securities registered in the name of, any Person other than the Depositary
for such Global Security or any nominee thereof, and no such transfer may be
registered, unless (i) such Depositary (A) notifies the Company that it is
unwilling or unable to continue as Depositary for such Global Security or (B)
ceases to be a clearing agency registered under the Exchange Act, (ii) the
Company executes and delivers to the Trustee a Company Order that such Global
Security shall be so transferable, registrable, and exchangeable, and such
transfers shall be registrable, (iii) there shall have occurred and be
continuing an Event of Default with respect to the Securities evidenced by such
Global Security, or (iv) there shall exist such other circumstances, if any, as
have been specified for this purpose as contemplated by Section 2.01.
Notwithstanding any other provision in this Indenture, a Global Security to
which the restriction set forth in the preceding sentence shall have ceased to
apply may be transferred only to, and may be registered and exchanged for
Securities registered only in the name or names of, such Person or Persons as
the Depositary for such Global Security shall have directed and no transfer
thereof other than such a transfer may be registered. Every Security
authenticated and delivered upon registration of transfer of, or in exchange
for or in lieu of, a Global Security to which the restriction set forth in the
first sentence of this Section 2.05(f) shall apply, whether pursuant to this
Section 2.05, Section 2.06, 2.07, 2.13(b), 3.05, or 10.06 or otherwise, will be
authenticated and delivered in the form of, and will be, a Global Security.

 

Section 2.06.                             Temporary Securities.

 

Pending
the preparation of definitive Securities of any series, the Company may execute
and register and upon Company Order the Trustee will authenticate and deliver
temporary Securities (printed, lithographed, or typewritten), of any authorized
denomination, and substantially in the form of the definitive Securities but
with such omissions, insertions, and variations as may be appropriate for
temporary Securities, all as may be determined by the officers executing such
Securities as evidenced by their execution of such Securities; provided,
however, that the Company will use reasonable efforts
to have definitive Securities of that series available at the times of any
issuance of Securities under this Indenture. Every temporary Security will be

 

20

 

executed and registered 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. The Company
will execute and register and furnish definitive Securities of such series as
soon as practicable and thereupon any or all temporary Securities of such
series may be surrendered in exchange therefor at the office or agency of the
Company in the Place of Payment for that series, and the Trustee will
authenticate and deliver in exchange for such temporary Securities of such
series one or more definitive Securities of the same series, of any authorized
denominations, and of a like aggregate principal amount and tenor. Such
exchange will be made by the Company at its own expense and without any charge
to the Holder therefor. Until so exchanged, the temporary Securities of any series
will be entitled to the same benefits under this Indenture as definitive
Securities of the same series authenticated and delivered hereunder.

 

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

 

(a)                               If any mutilated Security is surrendered to
the Trustee, the Company will execute and the Trustee will authenticate and
deliver in exchange therefor a new Security of the same series and of like
tenor and principal amount and bearing a number not contemporaneously outstanding.

 

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

 

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

 

(d)                              Upon the issuance of any new Security under
this Section 2.07, 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.

 

(e)                               Every new Security of any series issued
pursuant to this Section 2.07 in exchange for any mutilated Security or in lieu
of any destroyed, lost, or stolen Security will constitute an original
additional contractual obligation of the Company, whether or not the mutilated,
destroyed, lost, or stolen Security shall be at any time enforceable by anyone,
and will be entitled to all the benefits of this Indenture equally and
proportionately with any and all other Securities of that series duly issued
hereunder.

 

(f)                                 The provisions of this Section 2.07 are
exclusive and will preclude (to the extent lawful) all other rights and remedies
with respect to the replacement or payment of mutilated, destroyed, lost, or
stolen Securities.

 

21

 

Section 2.08.                             Cancellation of Surrendered Securities.

 

All
Securities surrendered for payment, redemption, registration of transfer or
exchange, or for credit against any sinking fund payment will, if surrendered
to any Person other than the Trustee, be delivered to the Trustee and will be
promptly cancelled by it. The Company may at any time deliver to the Trustee
for cancellation any Securities previously authenticated and delivered
hereunder which the Company may have acquired in any manner whatsoever, and may
deliver to the Trustee (or to any other Person for delivery to the Trustee) for
cancellation any Securities previously authenticated hereunder which the
Company has not issued and sold, and all Securities so delivered will be
promptly cancelled by the Trustee. No Securities will be authenticated in lieu
of or in exchange for any Securities cancelled as provided in this Section
2.08, except as expressly permitted by this Indenture. The Trustee shall
destroy all cancelled Securities held by the Trustee and shall send a
certificate of such destruction to the Company.

 

Section 2.09.                             Payment of Interest; Interest Rights
Preserved.

 

(a)                                Except as otherwise provided as contemplated
by Section 2.01 with respect to any series of Securities, interest on any
Security which is payable, and is punctually paid or duly provided for, on any
Interest Payment Date will be paid to the Person in whose name that Security
(or one or more Predecessor Securities) is registered at the close of business
on the Regular Record Date for such interest.

 

(b)                               Any interest on any Security of any series
which is payable, but is not punctually paid or duly provided for, on any
Interest Payment Date (herein called “Defaulted Interest”) will forthwith cease
to be payable to the Holder on the relevant regular Record Date by virtue of
having been such Holder, and such Defaulted Interest may be paid by the Company
together with interest thereon (to the extent permitted by law) at the rate of
interest applicable to such Security, at its election in each case, as provided
in clause (i) or (ii) below:

 

(i)                                     The Company may elect to make payment of any
Defaulted Interest (and interest thereon, if any) to the Persons in whose names
the Securities of such series (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 will be fixed in the following manner. The
Company will notify the Trustee in writing of the amount of Defaulted Interest
(and interest thereon, if any) proposed to be paid on each Security of such
series and the date of the proposed payment, and at the same time the Company
will deposit with the Trustee an amount of money equal to the aggregate amount
proposed to be paid in respect of such Defaulted Interest (and interest
thereon, if any) or will 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 (and interest thereon, if any) as in this clause (i) provided.
Thereupon the Trustee will fix a Special Record Date for the payment of such
Defaulted Interest (and interest thereon, if any) which will be not more than
15 calendar days and not less than 10 calendar days prior to the date of the
proposed payment and not less than 10 calendar days after the receipt by the
Trustee of the notice of the proposed payment. The Trustee will promptly notify
the Company of such Special Record Date

 

22

 

and, in the name and at the
expense of the Company, will cause notice of the proposed payment of such
Defaulted Interest and the Special Record Date therefor to be mailed, first
class postage prepaid, to each Holder of Securities of such series at his
address as it appears in the Security Register, not less than 10 calendar days
prior to such Special Record Date. Notice of the proposed payment of such
Defaulted Interest (and interest thereon, if any) and the Special Record Date
therefor having been so mailed, such Defaulted Interest will be paid to the Persons
in whose names the Securities of such series (or their respective Predecessor
Securities) are registered at the close of business on such Special Record Date
and will no longer be payable pursuant to the following clause (ii).

 

(ii)                                  The Company may make payment of any Defaulted
Interest (and interest thereon, if any) on the Securities of any series 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 (ii), such manner of payment
shall be deemed practicable by the Trustee.

 

(c)                                  Subject to the foregoing provisions of this
Section 2.09, each Security delivered under this Indenture upon registration of
transfer of or in exchange for or in lieu of any other Security will carry the
rights to interest accrued and unpaid, and to accrue, which were carried by
such other Security.

 

Section 2.10.                             Persons Deemed Owners.

 

Prior
to due presentment of a Security for registration of transfer, the Company, the
Trustee, and any agent of the Company or the Trustee may treat the Person in
whose name such Security is registered as the owner of such Security for the
purpose of receiving payment of principal of and any premium and (subject to
Section 2.09) any interest on such Security and for all other purposes
whatsoever, whether or not such Security shall be overdue, and neither the Company,
the Trustees nor any agent of the Company or the Trustee will be affected by
notice to the contrary.

 

Section 2.11.                             Computation of Interest.

 

Except
as otherwise specified as contemplated by Section 2.01 for Securities of any
series, interest on the Securities of each series will be computed on the basis
of a 360-day year consisting of twelve 30-day months.

 

Section 2.12.                             CUSIP Numbers.

 

The
Company in issuing any series of the Securities may use “CUSIP” numbers, if
then generally in use, and thereafter with respect to such series, the Trustee
may use such numbers in any notice of redemption or exchange with respect to
such series 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 

 

23

 

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.

 

Section 2.13.                             Book-Entry Provisions for Global Securities.

 

(a)                                  Each Global Security initially shall (i) be
registered in the name of the Depositary for such Global Security or the
nominee of such Depositary and (ii) be delivered to the Trustee as the Initial
Securities custodian for such Depositary. Beneficial interests in Global “Securities may be held indirectly
through members of or participants in (“Agent Members”) the Depositary. Agent
Members shall have no rights under this Indenture with respect to any Global
Security held on their behalf by the Depositary, or the Trustee as custodian,
or under such Global Security, and the Depositary may be treated by the
Company, the Trustee and any agent of the Company or the Trustee as the
absolute owner of such Global Security for all purposes whatsoever.
Notwithstanding the foregoing, nothing herein shall prevent the Company, the
Trustee or any agent of the Company or the Trustee from giving effect to any
written certification, proxy or other authorization furnished by the Depositary
or shall impair, as between the Depositary and its Agent Members, the operation
of customary practices governing the exercise of the rights of a Holder of any
Security.

 

(b)                                 Transfers of a Global Security shall be
limited to transfers of such Global Security in whole, but not in part, to the
Depositary, its successors or their respective nominees. Interests of
beneficial owners in a Global Security may be transferred in accordance with
the rules and procedures of the Depositary (and Agent Member, if applicable)
and the provisions of Section 2.14. The Trustee shall register the transfer of
Physical Securities to all beneficial owners in exchange for their beneficial
interests in a Global Security if (i) the Depositary notifies the Company that
it is unwilling or unable to continue as Depositary for such Global Security or
the Depositary ceases to be a clearing agency registered under the Exchange
Act, at a time when the Depositary is required to be so registered in order to
act as Depositary, and in each case a successor Depositary is not appointed by
the Company within 90 days of such notice, (ii) the Company executes and
delivers to the Trustee and Security Registrar an Officers’ Certificate stating
that such Global Security shall be so exchangeable or (iii) an Event of Default
has occurred and is continuing and the Security Registrar has received a
request from the Depository to permit such transfers. Except in procedures
under Section 2.14, Transfer Restricted Securities shall only be exchanged for
Physical Securities bearing the Restricted Securities Legend, and, in
connection with any exchange of Global Securities for Physical Securities, the
Trustee may request certificates or other evidence from the Holder thereof
prior to exchange necessary to evidence compliance with this Section 2.
Notwithstanding the previous sentence, in no event shall Physical Securities be
delivered to investors who purchased Securities in reliance on Regulation S
prior to (i) the day that is forty days after the Issue Date with respect to
such Securities and (ii) the receipt by the Security Registrar of any
certificates required pursuant to Rule 903(b)(3)(ii)(B) under the Securities
Act.

 

(c)                                  The registered holder of a Global Security
may grant proxies and otherwise authorize any person, including Agent Members
and persons that may hold interests through Agent Members, to take any action
that a Holder is entitled to take under this Indenture or the Securities.

 

24

 

Section 2.14.                             Special Transfer Provisions.

 

Unless
and until a Transfer Restricted Security is transferred or exchanged under an
effective registration statement under the Securities Act, the following
provisions shall apply:

 

(a)                                  The following provisions shall apply with
respect to the registration of any proposed transfer of a Transfer Restricted
Security to any IAI that is not a QIB (other than pursuant to Regulation S):

 

(i)                                     The Security Registrar shall register the
transfer of any Transfer Restricted Security by a Holder if (x) the requested
transfer is (1) at least two years after the later of (A) the Issue Date with
respect to such Transfer Restricted Security and (B) the date such Transfer
Restricted Security was acquired from an affiliate of the Company and (2) at
least three months after the last date such Holder was an affiliate of the
Company or (y) the proposed transferor has delivered to the Security Registrar
a letter substantially in the form set forth in Exhibit B hereto.

 

(ii)                                  If the proposed transferee is an Agent Member
and the Transfer Restricted Security to be transferred consists of a beneficial
interest in the QIB Global Security or the Regulation S Global Security, upon
receipt by the Security Registrar of (x) the letter, if any, required by
paragraph (i) above and (y) instructions given in accordance with the Depositary’s
and the Security Registrar’s procedures therefor, the Security Registrar shall
reflect on its books and records the date and an increase in the principal
amount of the IAI Global Security in an amount equal to the principal amount of
the beneficial interest in the QIB Global Security or the Regulation S Global
Security to be so transferred and the Security Registrar shall reflect on its
books and records the date and an appropriate decrease in the principal amount
of such QIB Global Security or Regulation S Global Security.

 

(b)                                 The following provisions shall apply with
respect to the registration of any proposed transfer of a Transfer Restricted
Security to a QIB (other than pursuant to Regulation S):

 

(i)                                     The Security Registrar shall register the
transfer of a Transfer Restricted Security by a Holder if (x) the requested
transfer is (1) at least two years after the later of (A) the Issue Date with
respect to such Transfer Restricted Security and (B) the date such Transfer
Restricted Security was acquired from an affiliate of the Company and (2) at
least three months after the last date such Holder was an affiliate of the
Company or (y) such transfer is being made by a proposed transferor who has
provided the Security Registrar with a letter substantially in the form set
forth in Exhibit B hereto.

 

(ii)                                  If the proposed transferee is an Agent Member
and the Transfer Restricted Security to be transferred consists of an interest
in the IAI Global Security or the Regulation S Global Security, upon receipt by
the Security Registrar of

 

25

 

(x)
the letter, if any, required by paragraph (i) above and (y) instructions given
in accordance with the Depositary’s and the Security Registrar’s procedures
therefor, the Security Registrar shall reflect on its books and records the
date and an increase in the principal amount of the QIB Global Security in an
amount equal to the principal amount of the beneficial interest in the IAI
Global Security or the Regulation S Global Security to be so transferred, and
the Security Registrar shall reflect on its books and records the date and an
appropriate decrease in the principal amount of such IAI Global Security or
Regulation S Global Security.

 

(c)                                  The Security Registrar shall register the
transfer of any Permanent Regulation S Global Security without requiring any
additional certification. The following pro-visions shall apply with respect to
registration of any proposed transfer of a Transfer Restricted Security
pursuant to Regulation S:

 

(i)                                     The Security Registrar shall register any
proposed transfer of a Transfer Restricted Security by a Holder if (x) the
requested transfer is at least two years after the Issue Date with respect to
such Transfer Restricted Security and at least three months after the last date
such Holder was an affiliate of the Company or (y) upon receipt of a letter
substantially in the form set forth in Exhibit C hereto from the proposed
transferor.

 

(ii)                                  If the proposed transferee is an Agent Member
holding a beneficial interest in a U.S. Global Security, upon receipt by the
Security Registrar of (x) the letter, if any, required by paragraph (i) above
and (y) instructions in accordance with the Depositary’s and the Security
Registrar’s procedures therefor, the Security Registrar shall reflect on its
books and records the date and an increase in the principal amount of the
Regulation S Global Security in an amount equal to the principal amount of the
beneficial interest in such U.S. Global Security to be transferred, and the
Security Registrar shall reflect on its books and records the date and an
appropriate decrease in the principal amount of the applicable U.S. Global
Security.

 

(d)                                 Upon the occurrence of the Exchange Offer in
accordance with the Registration Rights Agreement, the Company shall issue and,
upon receipt of an authentication order in accordance with Section 2.02, the
Trustee shall authenticate one or more Global Securities not bearing the
Restricted Securities Legend in an aggregate principal amount equal to the
principal amount of the beneficial interests in the Global Securities that are
Transfer Restricted Securities tendered for acceptance in accordance with the
Exchange Offer and accepted for exchange in the Exchange Offer.

 

Concurrently with the issuance of such Global Securities, the Security
Registrar shall cause the aggregate principal amount of the applicable Transfer
Restricted Securities to be reduced accordingly, and the Security Registrar
shall deliver to the Persons designated by the Holders of Transfer Restricted
Securities so accepted Global Securities not bearing the Restricted Securities
Legend in the appropriate principal amount.

 

26

 

(e)                                         Upon the transfer, exchange or replacement of
Securities not bearing the Restricted Securities Legend, the Security Registrar
shall deliver Securities that do not bear the Restricted Securities Legend.
Upon the transfer, exchange or replacement of Securities bearing the Restricted
Securities Legend, the Security Registrar shall deliver only Securities that
bear the Restricted Securities Legend unless either (i) the circumstances contemplated
by paragraph (a), (b) or (c) of this Section 2.14 exist or (ii) there is
delivered to the Security Registrar an Opinion of Counsel reasonably
satisfactory to the Company and the Trustee to the effect that neither such
legend nor the related restrictions on transfer are required in order to
maintain compliance with the provisions of the Securities Act.

 

(f)                                           By its acceptance of any Security bearing the
Restricted Securities Legend, each Holder of such a Security acknowledges the
restrictions on transfer of such Security set forth in this Indenture and in
the Restricted Securities Legend and agrees that it shall transfer such
Security only as provided in this Indenture.

 

The
Security Registrar shall retain copies of all letters, notices and other
written communications received pursuant to this Section 2.14.

 

ARTICLE III.

 

REDEMPTION
OF SECURITIES

 

Section 3.01.                             Applicability of Article.

 

Securities
of any series which are redeemable before their Stated Maturity will be
redeemable in accordance with their terms and (except as otherwise specified as
contemplated by Section 2.01 for Securities of any series) in accordance with
this Article III.

 

Section 3.02.                             Election To Redeem; Notice to Trustee.

 

(a)                                The election of the Company to redeem any
Securities will be evidenced by a Board Resolution. The terms of redemption,
including make-whole redemption, will be set forth in a supplemental indenture.
In case of any redemption at the election of the Company of less than all the
Securities of any series, the Company will, at least 60 calendar days prior to
the Redemption Date fixed by the Company (unless a shorter notice shall be
satisfactory to the Trustee), notify the Trustee of such Redemption Date and of
the principal amount of Securities of such series to be redeemed. 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 will furnish the Trustee with an Officer’s Certificate evidencing
compliance with such restriction.

 

(b)                               Notice of redemption of Securities to be
redeemed at the election of the Company will be given by the Company or, at the
Company’s request, by the Trustee in the name and at the expense of the Company
and will be irrevocable. Notice of redemption will be given by mail, first
class postage prepaid, not less than 30 or more than 60 calendar days prior to the
Redemption Date, to each Holder of Securities to be redeemed, at his address
appearing in

 

27

 

the Security Register. All notices of
redemption will state (i) the Redemption Date, (ii) the Redemption Price, (iii)
if less than all the Outstanding Securities of any series are to be redeemed,
the identification (and, in the case of partial redemption of any Securities,
the principal amounts) of the particular Securities to be redeemed, (iv) that
on the Redemption Date the Redemption Price will become due and payable upon
each such Security to be redeemed and, if applicable, that interest thereon
will cease to accrue on and after said date, (v) the place or places where such
Securities are to be surrendered for payment of the Redemption Price, (vi) that
the redemption is for a sinking fund, if such is the case, and (vii) the
specific provision of this Indenture pursuant to which such Securities are to
be redeemed.

 

(c)                                      If less than all the Securities of any series
are to be redeemed, the particular Securities to be redeemed will be selected
not more than 60 calendar days prior to the Redemption Date by the Trustee,
from the Outstanding Securities of such series not previously called for
redemption, by such method as the Trustee may deem fair and appropriate and
which may provide for the selection for redemption of portions (equal to the
minimum authorized denomination for Securities of that series or any integral
multiple thereof) of the principal amount of Securities of such series of a
denomination larger than the minimum authorized denomination for Securities of
that series. The Trustee will promptly notify the Company in writing of the
Securities selected for redemption and, in the case of any Securities selected
for partial redemption, the principal amount thereof to be redeemed.

 

(d)                                     For all purposes of this Indenture, unless
the context otherwise requires, all provisions relating to the redemption of
Securities will relate, in the case of any Securities redeemed or to be
redeemed only in part, to the portion of the principal amount of such
Securities which has been or is to be redeemed.

 

Section 3.03.                             Deposit of Redemption Price.

 

Prior
to 10:00 a.m. on any Redemption Date specified in the notice of redemption
given as provided in Section 3.02, the Company will deposit with the Trustee or
with a Paying Agent (or, if the Company is acting as its own Paying Agent,
segregate and hold in trust as provided in Section 6.03) an amount of money
sufficient to pay the Redemption Price of, and (except if the Redemption Date
shall be an Interest Payment Date) any accrued interest on, all of the
Securities that are to be redeemed on that date.

 

Section 3.04.                             Securities Payable on Redemption Date.

 

(a)                                  Notice of redemption having been given as
aforesaid, the Securities so to be redeemed will, on the Redemption Date,
become due and payable at the Redemption Price therein specified, and from and
after such date (unless the Company defaults in the payment of the Redemption
Price and accrued interest) such Securities will cease to accrue interest. Upon
surrender of any such Security for redemption in accordance with said notice,
such Security will be paid by the Company at the Redemption Price, together
with accrued interest to the Redemption Date; provided, however, that, unless otherwise specified as contemplated by Section 2.01,
installments of interest whose Stated Maturity is on or prior to the Redemption
Date will be payable to the Holders of such Securities, or one or more
Predecessor Securities, registered as such

 

28

 

at the close of business on the relevant
Record Dates in accordance with their terms and the provisions of Section 2.09.

 

(b)                                 If any Security called for redemption shall
not be so paid upon surrender thereof for redemption, the principal and any
premium will, until paid, bear interest from the Redemption Date at the rate
prescribed therefor in the Security.

 

Section 3.05.                             Securities Redeemed in Part.

 

Any
Security that is to be redeemed only in part will be surrendered at a Place of
Payment therefor (with, if the Company or the Trustee so requires, due
endorsement by, or a written instrument of transfer in form satisfactory to the
Company and the Trustee duly executed by, the Holder thereof or his attorney
duly authorized in writing), and the Company will execute, and the Trustee will
authenticate and deliver to the Holder of such Security without service charge,
a new Security or Securities of the same series and of like tenor, of any
authorized denomination as requested by such Holder, in aggregate principal
amount equal to and in exchange for the unredeemed portion of the principal of
the Security so surrendered.

 

ARTICLE IV.

 

SINKING
FUNDS

 

Section
4.01.                             Applicability of Article.

 

The
provisions of this Article IV will be applicable to any sinking fund for the
retirement of Securities of a series except as otherwise specified as
contemplated by Section 2.01 for Securities of such series. The minimum amount
of any sinking fund payment provided for by the terms of Securities of any
series is herein referred to as a “mandatory sinking fund payment,” and any
payment in excess of such minimum amount provided for by the terms of Securities
of any series is herein referred to as an “optional sinking fund payment.” If
provided for by the terms of Securities of any series, the amount of any
sinking fund payment may be subject to reduction as provided in Section 4.02.
Each sinking fund payment with respect to Securities of a particular series
will be applied to the redemption of Securities of such series as provided for
by the terms of Securities of such series.

 

Section 4.02.                             Satisfaction of Sinking Fund Payments With
Securities.

 

The
Company (a) may deliver Outstanding Securities of a series (other than any
previously called for redemption) and (b) may apply as a credit Securities of a
series which have been redeemed either at the election of the Company pursuant
to the terms of such Securities or through the application of permitted
optional sinking fund payments pursuant to the terms of such Securities, 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 will
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 will be reduced accordingly.

 

29

 

Section 4.03.                             Redemption of Securities for Sinking Fund.

 

Not
less than 60 calendar days prior to each sinking fund payment date for any
series of Securities, the Company will deliver to the Trustee an Officer’s
Certificate specifying the amount of the next ensuing sinking fund payment for
that series pursuant to the terms of that series, the portion thereof, if any,
that is to be satisfied by payment of cash and the portion thereof, if any,
that is to be satisfied by delivering and crediting Securities of that series
pursuant to Section 4.02 and will also deliver to the Trustee any Securities to
be so delivered. Not less than 30 calendar days before each such sinking fund
payment date, the Trustee will select the Securities to be redeemed upon such
sinking fund payment date in the manner specified in Section 3.02(c) 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(b). Such notice having
been duly given, the redemption of such Securities will be made upon the terms
and in the manner stated in Sections 3.04 and 3.05.

 

ARTICLE V.

 

DEFEASANCE
AND COVENANT DEFEASANCE

 

Section 5.01.                             Company’s Option To Effect Defeasance or
Covenant Defeasance.

 

The
Company may elect, at its option by Board Resolution at any time, to have
either Section 5.02 or Section 5.03 applied to the Outstanding Securities of
any series designated pursuant to Section 2.01 as being defeasible pursuant to
this Article V (hereinafter called “Defeasible Series”), upon compliance with
the conditions set forth below in this Article V, provided that Section
5.02 will not apply to any series of Securities that is convertible into Common
Stock pursuant to Section 2.01(b)(xvi) or convertible into or exchangeable for
any other securities pursuant to Section 2.01 (b)(xvii).

 

Section 5.02.                             Defeasance and Discharge.

 

Upon
the Company’s exercise of the option provided in Section 5.01 to have this
Section 5.02 applied to the Outstanding Securities of any Defeasible Series and
subject to the proviso to Section 5.01, the Company will be deemed to have been
discharged from its obligations with respect to the Outstanding Securities of
such series as provided in this Section 5.02 on and after the date the
conditions set forth in Section 5.04 are satisfied (hereinafter called
“Defeasance”). For this purpose, such Defeasance means that the Company will be
deemed to have paid and discharged the entire indebtedness represented by the
Outstanding Securities of such series and to have satisfied all its other
obligations under the Securities of such series and this Indenture insofar as
the Securities of such series are concerned (and the Trustee, at the expense of
the Company, will execute proper instruments acknowledging the same), subject
to the following which will survive until otherwise terminated or discharged
hereunder: (a) the rights of Holders of Securities of such series to receive,
solely from the trust fund described in Section 5.04 and as more fully set
forth in Section 12.01, payments in respect of the principal of and any premium
and interest on such Securities of such series when payments are due, (b) the
Company’s obligations with respect to the Securities of such series under
Sections 2.05, 2.06, 2.07,

 

30

 

6.02, 6.03, and 10.06, (c) the rights,
powers, trusts, duties, and immunities of the Trustee here-under, and (d) this
Article V. Subject to compliance with this Article V, the Company may exercise
its option provided in Section 5.01 to have this Section 5.02 applied to the
Outstanding Securities of any Defeasible Series notwithstanding the prior
exercise of its option provided in Section 5.01 to have Section 5.03 applied to
the Outstanding Securities of such series.

 

Section 5.03.                             Covenant Defeasance.

 

Upon
the Company’s exercise of the option provided in Section 5.01 to have this
Section 5.03 applied to the Outstanding Securities of any Defeasible Series,
(a) the Company will be released from its obligations under Sections 6.04
through 6.11, inclusive, Section 11.01, and the provisions of any supplemental
indenture specified in such supplemental indenture, and (b) the occurrence of
any event specified in Sections 8.01(a)(iii), 8.0l(a)(iv) (with respect to any
of Sections 6.04 through 6.11, inclusive, Section 11.01, and the provisions of
any supplemental indenture specified in such supplemental indenture),
8.01(a)(v), and 8.01(a)(viii) will be deemed not to be or result in an Event of
Default, in each case with respect to the Outstanding Securities of such series
as provided in this Section on and after the date the conditions set forth in
Section 5.04 are satisfied (hereinafter called “Covenant Defeasance”). For this
purpose, such Covenant Defeasance means that the Company may omit to comply
with and will have no liability in respect of any term, condition, or
limitation set forth in any such specified Section (to the extent so specified
in the case of Section 8.01(a)(iv)), whether directly or indirectly by reason
of any reference elsewhere herein to any such Section or by reason of any
reference in any such Section to any other provision herein or in any other
document, but the remainder of this Indenture and the Securities of such series
will be unaffected thereby.

 

Section 5.04.                             Conditions to Defeasance Covenant Defeasance.

 

The
following will be the conditions to application of either Section 5.02 or
Section 5.03 to the Outstanding Securities of any Defeasible Series:

 

(a)                                  The Company shall irrevocably have deposited
or caused to be deposited with the Trustee (or another trustee that satisfies
the requirements contemplated by Section 9.08 and agrees to comply with the
provisions of this Article V applicable to it) as trust funds in trust for the
benefit of the Holders of Outstanding Securities of such series (i) money in an
amount, or (ii) U.S. Government Obligations that through the scheduled payment
of principal and interest in respect thereof in accordance with their terms
will provide, without reinvestment, not later than one day before the due date
of any payment, money in an amount, or (iii) a combination thereof, in each
case sufficient to pay and discharge, and which will be applied by the Trustee
(or any such other qualifying trustee) to pay and discharge, the principal of
and any premium and interest on the Securities of such series on the respective
Stated Maturities or on any earlier date or dates on which the Securities of
such series shall be subject to redemption and the Company shall have given the
Trustee irrevocable instructions satisfactory to the Trustee to give notice to
the Holders of the redemption of the Securities of such series, all in
accordance with the terms of this Indenture and the Securities of such series.

 

31

 

(b)                                 In the case of an election under Section
5.02, the Company shall have delivered to the Trustee an Opinion of Counsel
(from a counsel who shall not be an employee of the Company) to the effect that
(i) the Company has received from, or there has been published by, the Internal
Revenue Service a ruling, or (ii) since the date of this Indenture there has
been a change in the applicable federal income tax law, in either case to the
effect that, and based thereon, such opinion shall confirm that, the Holders of
the Outstanding Securities of such series will not recognize gain or loss for
federal income tax purposes as a result of the deposit, Defeasance, and
discharge to be effected with respect to the Securities of such series and will
be subject to federal income tax on the same amount, in the same manner, and at
the same times as would be the case if such deposit, Defeasance, and discharge
were not to occur.

 

(c)                                  In the case of an election under Section
5.03, the Company shall have delivered to the Trustee an Opinion of Counsel
(from a counsel who shall not be an employee of the Company) to the effect that
the Holders of the Outstanding Securities of such series will not recognize
gain or loss for federal income tax purposes as a result of the deposit and
Covenant Defeasance to be effected with respect to the Securities of such series
and will be subject to federal income tax on the same amount, in the same
manner, and at the same times as would be the case if such deposit and Covenant
Defeasance were not to occur.

 

(d)                                 The Company shall have delivered to the
Trustee an Officer’s Certificate to the effect that the Securities of such
series, if then listed on any securities exchange, will not be delisted solely
as a result of such deposit.

 

(e)                                  No Event of Default or event that (after
notice or lapse of time or both) would become an Event of Default shall have
occurred and be continuing at the time of such deposit or, with regard to any
Event of Default or any such event specified in Sections 8.01(a)(vi) and (vii),
at any time on or prior to the 90th calendar day after the date of such deposit
(it being understood that this condition will not be deemed satisfied until after
such 90th calendar day).

 

(f)                                    Such Defeasance or Covenant Defeasance will
not cause the Trustee to have a conflicting interest within the meaning of the
Trust Indenture Act (assuming all Securities are in default within the meaning
of such Act).

 

(g)                                 Such Defeasance or Covenant Defeasance will
not result in a breach or violation of, or constitute a default under, any
other agreement or instrument to which the Company is a party or by which it is
bound.

 

(h)                                 The Company shall have delivered to the
Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that
all conditions precedent with respect to such Defeasance or Covenant Defeasance
have been complied with.

 

(i)                                     Such Defeasance or Covenant Defeasance will
not result in the trust arising from such deposit constituting an investment company
within the meaning of the

 

32

 

Investment Company Act of 1940, as amended,
unless such trust will be qualified under such Act or exempt from regulation
thereunder.

 

Section 5.05.                             Deposited Money and U.S. Government
Obligations To Be Held in Trust; Other Miscellaneous Provisions.

 

(a)                                    Subject to the provisions of Section 6.03(e),
all money and U.S. Government Obligations (including the proceeds thereof)
deposited with the Trustee or other qualifying trustee (solely for purposes of
this Section 5.05 and Section 5.06, the Trustee and any such other trustee are
referred to collectively as the “Trustee”) pursuant to Section 5.04 in respect
of the Securities of any Defeasible Series will be held in trust and applied by
the Trustee, in accordance with the provisions of the Securities of such series
and this Indenture, to the payment, either directly or through any such Paying
Agent (including the Company acting as its own Paying Agent) as the Trustee may
determine, to the Holders of Securities of such series, of all sums due and to
become due thereon in respect of principal and any premium and interest, but
money so held in trust need not be segregated from other funds except to the
extent required by law.

 

(b)                                   The Company will pay and indemnify the
Trustee against any tax, fee, or other charge imposed on or assessed against
the U.S. Government Obligations deposited pursuant to Section 5.04 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 Holders of
Outstanding Securities.

 

(c)                                    Notwithstanding anything in this Article V to
the contrary, the Trustee will deliver or pay to the Company from time to time
upon a Company Request any money or U.S. Government Obligations held by it as
provided in Section 5.04 with respect to Securities of any Defeasible Series
that are in excess of the amount thereof that would then be required to be
deposited to effect an equivalent Defeasance or Covenant Defeasance with
respect to the Securities of such series.

 

Section 5.06.                             Reinstatement.

 

If
the Trustee or the Paying Agent is unable to apply any money in accordance with
this Article V with respect to the Securities of any series by reason of any
order or judgment of any court or governmental authority enjoining, restraining,
or otherwise prohibiting such application, then the Company’s obligations under
this Indenture and the Securities of such series will be revived and reinstated
as though no deposit had occurred pursuant to this Article V with respect to
Securities of such series until such time as the Trustee or Paying Agent is
permitted to apply all money held in trust pursuant to Section 5.05 with
respect to Securities of such series in accordance with this Article V: provided,
however, that if the Company makes any payment of
principal of or any premium or interest on any Security of such series
following the reinstatement of its obligations, the Company will be subrogated
to the rights of the Holders of Securities of such series to receive such
payment from the money so held in trust.

 

33

 

ARTICLE VI.

 

PARTICULAR
COVENANTS OF THE COMPANY

 

Section 6.01.                             Payment of Principal, Premium and Interest on
Securities.

 

The
Company, for the benefit of each series of Securities, will duly and punctually
pay the principal of and any premium and interest on the Securities of that
series in accordance with the terms of the Securities and this Indenture.

 

Section 6.02.                             Maintenance of Office or Agency.

 

(a)                                     The Company will maintain in each Place of
Payment for any series of Securities an office or agency where Securities of
that series may be presented or surrendered for payment, where Securities of
that series may be surrendered for registration of transfer or exchange, and
where notices and demands to or upon the Company in respect of the Securities
of that series and this Indenture may be served. The Company will give prompt
written notice to the Trustee of the location, and any change in the location,
of such office or agency. 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, surrenders, notices, and demands may be
made or served at the Corporate Trust Office, and the Company hereby appoints
the Trustee as its agent to receive all such presentations, surrenders,
notices, and demands.

 

(b)                                    The Company may also from time to time
designate one or more other offices or agencies where the Securities of one or
more series may be presented or surrendered for any or all such purposes and
may from time to time rescind such designations; provided, however, that no such designation or rescission will in any manner relieve the
Company of its obligation to maintain an office or agency in each Place of
Payment for Securities of any series for such purposes. The Company will give
prompt written notice to the Trustee of any such designation or rescission and
of any change in the location of any such other office or agency.

 

Section 6.03.                             Money for Securities Payments To Be Held in
Trust.

 

(a)                                If the Company shall at any time act as its
own Paying Agent with respect to any series of Securities, it will, on or
before each due date of the principal of or any premium or interest on any of
the Securities of that series, segregate and hold in trust for the benefit of
the Persons entitled thereto a sum sufficient to pay the principal and any
premium and interest so becoming due until such sums shall be paid to such
Persons or otherwise disposed of as herein provided and will promptly notify
the Trustee of its action or failure so to act.

 

(b)                               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 or any premium or interest on any Securities of that series,
deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be
held as provided by the Trust Indenture Act, and (unless such Paying Agent is
the Trustee) the Company will promptly notify the Trustee of its action or
failure so to act.

 

34

 

(c)                                     The Company will cause each Paying Agent for
any series of Securities other than the Trustee to execute and deliver to the
Trustee an instrument in which such Paying Agent will agree with the Trustee,
subject to the provisions of this Section 6.03, that such Paying Agent will (i)
comply with the provisions of the Trust Indenture Act applicable to it as a
Paying Agent and (ii) during the continuance of any default by the Company (or
any other obligor upon the Securities of that series) in the making of any
payment in respect of the Securities of that series, and upon the written
request of the Trustee, forthwith pay to the Trustee all sums held in trust by
such Paying Agent for payment in respect of the Securities of that series.

 

(d)                                    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 by Company Order 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 trusts 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 will be released from all further
liability with respect to such money.

 

(e)                                     Any money deposited with the Trustee or any
Paying Agent, or then held by the Company, in trust for the payment of the
principal of or any premium or interest on any Security of any series and
remaining unclaimed for two years after such principal, premium, or interest
has become due and payable will be paid to the Company upon a Company Request
(or, if then held by the Company, will be discharged from such trust); and the
Holder of such Security will thereafter, as an unsecured general creditor, look
only to the Company for payment thereof, and all liability of the Trustee or
such Paying Agent with respect to such trust money, and all liability of the
Company as trustee thereof, will thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make
any such repayment, may at the expense of the Company cause to be published
once, in a newspaper published in the English language, customarily published
on each Business Day and of general circulation in the Borough of Manhattan,
The City of New York, notice that such money remains unclaimed and that, after
a date specified therein, which will not be less than 30 calendar days from the
date of such publication, any unclaimed balance of such money then remaining
will be repaid to the Company.

 

Section 6.04.                             Payment of Taxes and Other Claims.

 

The
Company will pay or discharge or cause to be paid or discharged, before the
same shall become delinquent, (a) all taxes, assessments, and governmental
charges levied or imposed upon the Company or any Subsidiary of the Company or
upon the income, profits, or property of the Company or any Subsidiary of the
Company, and (b) all lawful claims for labor, materials, and supplies, in each
case which, if unpaid, might by law become a lien upon the property of the
Company or any Subsidiary of the Company and might have a Material Adverse
Effect; provided, however, that the Company will not be required to pay
or discharge or cause to be paid or discharged any such tax, assessment,
charge, or claim the amount, applicability, or validity of which is being
contested in good faith by appropriate proceedings.

 

35

 

Section 6.05.                             Maintenance of Properties.

 

The Company will cause all properties used or useful in the conduct of its
business or the business of any Subsidiary of the Company to be maintained and
kept in good condition, repair, and working order and supplied with all
necessary equipment and will cause to be made all necessary repairs, renewals,
replacements, betterments, and improvements thereof, all as in the judgment of
the Company may be necessary so that the business carried on in connection
therewith may be properly and advantageously conducted at all times; provided,
however, that nothing in this Section 6.05 will
prevent the Company from discontinuing the operation or maintenance of any of
such properties if such discontinuance is, in the judgment of the Company,
desirable in the conduct of its business or the business of any Subsidiary of
the Company and will not result in a Material Adverse Effect.

 

Section 6.06.                             Existence.

 

Subject
to Article XI, the Company will, and will cause each of its Restricted
Subsidiaries to, do or cause to be done all things necessary to preserve and
keep in full force and effect its existence, rights (charter and statutory),
and franchises; provided, however, that
neither the Company nor any Subsidiary will be required to preserve any such
right or franchise, or its existence in the case of any Subsidiary, if the
Company determines that the preservation thereof is no longer desirable in the
conduct of the business of the Company and that the loss thereof will not
result in a Material Adverse Effect.

 

Section 6.07.                             Compliance with Laws.

 

The
Company will, and will cause each of its Restricted Subsidiaries to, comply
with all applicable federal, state, local, or foreign laws, rules, regulations,
or ordinances, including without limitation such laws, rules, regulations, or
ordinances relating to pension, environmental, employee, and tax matters, in
each case to the extent that the failure so to comply would have a Material
Adverse Effect.

 

Section 6.08.                             Statement by Officers as to Default.

 

The
Company will deliver to the Trustee, within 120 calendar days after the end of
each fiscal year of the Company ending after the date hereof, an Officer’s
Certificate signed by the principal executive officer, principal financial
officer, or principal accounting officer of the Company stating whether or not
to the knowledge of such person after due inquiry the Company is in default in
the performance and observance of any of the terms, provisions, and conditions
of this Indenture (without regard to any period of grace or requirement of
notice provided hereunder) and, if the Company is in default, specifying all
such defaults and the nature and status thereof of which such person may have
such knowledge.

 

Section 6.09.                             Waiver of Certain Covenants.

 

The
Company may omit in any particular instance to comply with any term, provision,
or condition set forth in Sections 6.04 through 6.07, inclusive, and the
provisions of any supplemental indenture specified in such supplemental
indenture, with respect to the Securities

 

36

 

of any series if the Holders of a majority in
principal amount of the Outstanding Securities of such series shall, by Act of
such Holders, either waive such compliance in such instance or generally waive
compliance with such term, provision, or condition, but no such waiver will
extend to or affect such term, provision, or condition except to the extent so
expressly waived, and, until such waiver shall become effective, the
obligations of the Company and the duties of the Trustee in respect of any such
term, provision, or condition will remain in full force and effect.

 

Section 6.10.                             Limitations on Liens.

 

Except
with respect to Indebtedness between the Company and any of its Restricted
Subsidiaries, the Company covenants not to incur or guarantee, or to permit its
Restricted Subsidiaries to incur or guarantee, any Secured Debt without equally
and ratably securing the Securities.

 

This
Section 6.10 is not applicable to (i) Secured Debt existing at the date of this
Indenture; (ii) liens on real or personal property acquired, constructed or
improved by the Company or a Restricted Subsidiary after the date of this
Indenture which are created contemporaneously with, or within 12 months after,
the acquisition, construction or improvement to secure all or any part of the
purchase price of such property or the cost of such construction or
improvement; (iii) mortgages on property of the Company or a Restricted
Subsidiary created within 12 months of the completion of construction or
improvement of any new plant(s) on such property to secure the cost of such
construction or improvement; (iv) liens on property existing at the time the
property was acquired by the Company or any Restricted Subsidiary; (v) liens on
the outstanding shares or indebtedness of a corporation existing at the time
such corporation becomes a Subsidiary; (vi) liens on stock (except stock of
Subsidiaries) acquired after the date of this Indenture if the aggregate cost
thereof does not exceed 15% of Consolidated Net Tangible Assets; (vii) liens
securing indebtedness of a successor corporation to the Company to the extent
permitted by this Indenture; (viii) liens securing indebtedness of a Restricted
Subsidiary at the time it became such; (ix) liens securing indebtedness of any
entity outstanding at the time it merged with, or substantially all of its
properties were acquired by, the Company or any Restricted Subsidiary: (x)
liens created, incurred or assumed in connection with an industrial revenue
bond, pollution control bond or similar financing arrangement between the
Company or any Restricted Subsidiary and any federal, state or municipal
government or other governmental body or quasi-governmental agency; (xi) liens
in connection with government or other contracts to secure progress or advance
payments; (xii) liens in connection with taxes or legal proceedings to the
extent such taxes or legal proceedings are being contested or appealed in good
faith or are incurred for the purpose of obtaining a stay or discharge in the
course of such proceedings; (xiii) liens consisting of mechanics’ or
materialmen’s or similar liens incurred in the ordinary course of business and
easements, rights of way, zoning restrictions, restrictions on the use of real
property and defects and irregularities in title thereto; (xiv) liens made in
connection with or to secure payment of workers’ compensation, unemployment
insurance, or social security obligations; (xv) liens in connection with any
Sale and Leaseback Transactions which are not subject to the limitations of
Section 6.11; (xvi) mortgages to secure debt of a Restricted Subsidiary to the
Company or to another Restricted Subsidiary; and (xvii) extensions, renewals or
replacements of the foregoing permitted liens to the extent of the original
amounts thereof.

 

37

 

In
addition, the Company and its Restricted Subsidiaries may have Secured Debt not
otherwise permitted or excepted without equally and ratably securing the
Securities if the sum of such Secured Debt plus the aggregate value of Sale and
Leaseback Transactions subject to limitation as described below does not exceed
15% of the Consolidated Net Tangible Assets.

 

Section 6.11.                             Limitations on Sale and Leaseback.

 

The
Company covenants not to engage in any Sale and Leaseback Transactions (except
leases for a temporary period not exceeding 36 months) involving any Principal
Property, or to permit any of its Restricted Subsidiaries which has been in
operation for more than 180 days to do so for a term of more than three years,
unless (i) the Company or such Restricted Subsidiary would be entitled to incur
Secured Debt on such Principal Property equal to the amount realizable upon such
sale or transfer as if such amount were secured by a mortgage, without equally
and ratably securing the Securities; or (ii) an amount equal to the greater of
the net proceeds of the sale or the fair value of such property is applied
within 180 days either to (a) the retirement of indebtedness of the Company
that was Funded Debt at the time it was created, or (b) the purchase of other
Principal Property having a value at least equal to the greater of such
amounts; or (iii) the Sale and Leaseback Transaction involved an industrial
revenue bond, pollution control bond or other similar financing arrangement
between the Company or any Restricted Subsidiary and any federal, state or
municipal government or other governmental or quasi-governmental body or agency.

 

ARTICLE VII.

 

SECURITIES
HOLDERS’ LIST AND REPORTS BY THE COMPANY AND THE TRUSTEE

 

Section 7.01.                             Company
To Furnish Trustee Names and Addresses of Holders.

 

The
Company will furnish or cause to be furnished to the Trustee (a) semi-annually,
not more than 15 calendar days after the applicable Regular Record Date, a list
for each series of Securities, in such form as the Trustee may reasonably
require, of the names and addresses of the Holders of Securities of such series
as of such Regular Record Date and (b) at such other times as the Trustee may
request in writing, within 30 calendar 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 calendar days prior to the time such list is furnished; excluding from any
such list names and addresses received by the Trustee in its capacity as
Security Registrar.

 

Section 7.02.                             Preservation of Information; Communication to
Holders.

 

(a)                                  The Trustee will preserve, in as current a
form as is reasonably practicable, the names and addresses of Holders contained
in the most recent list furnished to the Trustee as provided in Section 7.01
and the names and addresses of Holders received by the Trustee in its capacity
as Security Registrar. The Trustee may destroy any list furnished to it as
provided in Section 7.01 upon receipt of a new list so furnished.

 

38

 

(b)                                        The rights of the Holders to communicate with
other Holders with respect to their rights under this Indenture or under the
Securities, and the corresponding rights and privileges of the Trustee, will be
as provided by the Trust Indenture Act.

 

(c)                                         Every Holder of Securities, by receiving and
holding the same, agrees with the Company and the Trustee that neither the
Company nor the Trustee nor any agent of either of them will be held
accountable by reason of any disclosure of information as to names and
addresses of Holders made pursuant to the Trust Indenture Act.

 

Section 7.03.                             Reports by Trustee.

 

The
Trustee will transmit to Holders such reports concerning the Trustee and its
actions under this Indenture as may be required pursuant to the Trust Indenture
Act within 60 days after each May 15 of each year, commencing with the first
May 15 after an Issue Date in the manner provided pursuant thereto. A copy of
each such report will, at the time of such transmission to Holders, be filed by
the Trustee with each stock exchange upon which any Securities are listed, with
the Commission, and with the Company. The Company will promptly notify the
Trustee when any Securities are listed on any stock exchange or of any
delisting thereof.

 

Section 7.04.                             Reports by Company.

 

The
Company will file with the Trustee and the Commission, and transmit to Holders,
such information, documents, and other reports, and such summaries thereof, as
may be required pursuant to the Trust Indenture Act at the times and in the
manner provided pursuant to such Act; provided that any such information,
documents, or reports required to be filed with the Commission pursuant to
Section 13 or 15(d) of the Exchange Act will be filed with the Trustee within
15 calendar days after the same is so required to be filed with the Commission.
Delivery of such reports, information and documents to the Trustee is for
informational purposes only and the Trustee’s receipt of such shall not
constitute constructive notice of any information contained therein, including
the Company’s compliance with any of its covenants hereunder (as to which the
Trustee is entitled to conclusively rely exclusively on Officer’s
Certificates).

 

ARTICLE VIII.

 

DEFAULT

 

Section 8.01.                             Event of Default.

 

(a)                                  “Event of Default,” wherever used herein with
respect to Securities of any series, means any one of the following events
(whatever the reason for such Event of Default and whether it may be voluntary
or involuntary or be effected by operation of law or pursuant to any judgment,
decree, or order of any court or any order, rule, or regulation of any
administrative or governmental body):

 

(i)                                     default in the payment of any interest upon
any Security of that series when it becomes due and payable, and continuance of
such default for a period of 30 calendar days;

 

39

 

(ii)                                  default in the payment of the principal of
(or premium, of any, on) any Security of that series when it becomes due and
payable;

 

(iii)                               default in the making of any sinking fund
payment when and as due by the terms of a Security of that series;

 

(iv)                              default in the performance, or breach, of any
covenant or warranty of the Company in this Indenture (other than a covenant or
warranty, a default in the performance or breach of which is elsewhere in this
Section 8.01 specifically dealt with or which has expressly been included in
this Indenture solely for the benefit of one or more series of Securities other
than that series), and continuance of such default or breach for a period of 60
calendar days after there has been given, by registered or certified mail, to
the Company by the Trustee or to the Company and the Trustee by the Holders of
at least 25% in principal amount of the Outstanding Securities of that series a
written notice specifying such default or breach and requiring it to be
remedied and stating that such notice is a “Notice of Default” hereunder;

 

(v)                                 any nonpayment at maturity or other default
is made under any agreement or instrument relating to any other Indebtedness of
the Company (the unpaid principal amount of which is not less than $100
million), and, in any such case, such default (A) continues beyond any period
of grace provided with respect thereto and (B) results in such Indebtedness
becoming due prior to its stated maturity or occurs at the final maturity of
such Indebtedness; provided, however, that, subject
to the provisions of Section 9.01 and 8.08, the Trustee will not be deemed to
have knowledge of such nonpayment or other default unless either (1) a
Responsible Officer of the Trustee has actual knowledge of nonpayment or other
default or (2) the Trustee has received written notice thereof from the
Company, from any Holder, from the holder of any such Indebtedness or from the
trustee under the agreement or instrument relating to such Indebtedness;

 

(vi)                              the entry by a court having jurisdiction in
the premises of (A) a decree or order for relief in respect of the Company in
an involuntary case or proceeding under any applicable federal or state
bankruptcy, insolvency, reorganization, or other similar law or (B) a decree or
order adjudging the Company a bankrupt or insolvent, or approving as properly
filed a petition seeking reorganization, arrangement, adjustment, or
composition of or in respect of the Company under any applicable federal or
state law, or appointing a custodian, receiver, liquidator, assignee, trustee,
sequestrator, or other similar official of the Company or of any substantial
part of its property, or ordering the winding up or liquidation of its affairs,
and the continuance of any such decree or order for relief or any such other decree
or order unstayed and in effect for a period of 60 consecutive calendar days;

 

(vii)                           the commencement by the Company of a
voluntary case or proceeding under any applicable federal or state bankruptcy,
insolvency, reorganization, or other similar law or of any other case or
proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to
the entry of a decree or order for relief in respect of the Company in an
involuntary case or proceeding under any applicable federal or state
bankruptcy,

 

40

 

insolvency, reorganization, or other similar
law or to the commencement of any bankruptcy or insolvency case or proceeding
against it, or the filing by it of a petition or answer or consent seeking
reorganization or relief with respect to the Company under any applicable
federal or state bankruptcy, insolvency, reorganization, or other similar law,
or the consent by it to the filing of such petition or to the appointment of or
taking possession by a custodian, receiver, liquidator, assignee, trustee,
sequestrator, or other similar official of the Company or of any substantial
part of its property pursuant to any such law, or the making by it of an
assignment for the benefit of creditors, or the admission by it in writing of
its inability to pay its debts generally as they become due, or the taking of
corporate action by the Company in furtherance of any such action; or

 

(viii)                        any other Event of Default provided with
respect to Securities of that series.

 

(b)                                      If an Event of Default (other than an Event
of Default arising under Section 8.01(a)(vi) or (vii)) with respect to
Securities of any series at the time Outstanding occurs and is continuing, then
in every case the Trustee or the Holders of not less than 25% in principal amount
of the Outstanding Securities of that series may declare the principal amount
(or, if any of the Securities of that series are Original Issue Discount
Securities, such portion of the principal amount of such Securities as may be
specified in the terms thereof) of all of the Securities of that series to be
due and payable immediately, by a notice in writing to the Company (and to the Trustee
if given by Holders), and upon any such declaration such principal amount (or
specified amount) will become immediately due and payable. If an Event of
Default under Section 8.01(a)(vi) or (vii) occurs, then the principal of,
premium, if any, and accrued interest on the Securities shall become
immediately due and payable without any declaration or other act on the part of
the Trustee or any Holder.

 

(c)                                    At any time after such a declaration of
acceleration with respect to Securities of any series has been made and before
a judgment or decree for payment of the money due has been obtained by the
Trustee as hereinafter in this Article VIII provided, the Holders of a majority
in principal amount of the outstanding Securities of that series, by written
notice to the Company and the Trustee, may rescind and annul such declaration
and its consequences if (i) the Company has paid or deposited with the Trustee
a sum sufficient to pay (A) all overdue interest on all Securities of that
series, (B) the principal of (and premium, if any, on) any Securities of that
series which have become due otherwise than by such declaration of acceleration
and any interest thereon at the rate or rates prescribed therefor in such
Securities, (C) to the extent that payment of such interest is lawful, interest
upon overdue interest at the rate or rates prescribed therefor in such Securities,
and (D) all sums paid or advanced by the Trustee hereunder and the reasonable
compensation, expenses, disbursements, and advances of the Trustee and its
agents and counsel and (ii) all Events of Default with respect to Securities of
that series, other than the nonpayment of the principal of Securities of that
series which have become due solely by such declaration of acceleration, have
been cured or waived as provided in Section 8.01(d). No such rescission will
affect any subsequent default or impair any right consequent thereon.

 

(d)                                 The Holders of a majority in principal amount
of the Outstanding Securities of any series may on behalf of the Holders of all
the Securities of such series waive any past

 

41

 

default hereunder with respect to such series
and its consequences, except a default (i) in the payment of the principal of
or any premium or interest on any Security of such series or (ii) in respect of
a covenant or provision hereof which under Article X cannot be modified or
amended without the consent of the Holder of each Outstanding Security of such
series affected. Upon any such waiver, such default will cease to exist, and
any Event of Default arising therefrom will be deemed to have been cured, for
every purpose of this Indenture, but no such waiver will extend to any
subsequent or other default or impair any right consequent thereon.

 

Section 8.02.                             Covenant of Company To Pay to Trustee Whole
Amount Due on Securities on Default in Payment of Interest or Principal; Suits
for Enforcement by Trustee.

 

(a)                                   The Company covenants that if (i) default is
made in the payment of any interest on any Security when such interest becomes
due and payable and such default continues for a period of 30 calendar days or
(ii) default is made in the payment of the principal of (or premium, if any,
on) any Security when it becomes due and payable, the Company will, upon demand
of the Trustee, pay to it, for the benefit of the Holders of such Securities,
the whole amount then due and payable on such Securities for principal and any
premium and interest and, to the extent that payment of such interest will be
legally enforceable, interest on any overdue principal and premium and on any
overdue interest, at the rate or rates prescribed therefor in such Securities,
and, in addition thereto, such further amount as will be sufficient to cover
the costs and expenses of collection, including the reasonable compensation,
expenses, disbursements, and advances of the Trustee and its agents and
counsel.

 

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

 

(c)                                   In case of any judicial proceeding relative
to the Company (or any other obligor upon the Securities), its property or its
creditors, the Trustee will be entitled and empowered, by intervention in such
proceeding or otherwise, to take any and all actions authorized under the Trust
Indenture Act in order to have claims of the Holders and the Trustee allowed in
any such proceeding. In particular, the Trustee will be authorized to collect
and receive any money or other property payable or deliverable on any such
claims and to distribute the same, and any custodian, receiver, assignee,
trustee, liquidator, sequestrator, or other similar official in any such judicial
proceeding is hereby authorized by each Holder to make such payments to the
Trustee and, in the event that the Trustee consents to the making of such
payments directly to the Holders, to pay to the Trustee any amount due it for
the reasonable compensation, expenses, disbursements, and advances of the Trustee
and its agents and counsel, and any other amounts due the Trustee under Section
9.06.

 

(d)                                 No provision of this Indenture will be deemed
to authorize the Trustee to authorize or consent to or accept or adopt on
behalf of any Holder any plan of reorganization, arrangement, adjustment, or
composition affecting the Securities or the rights of any Holder

 

42

 

thereof or to authorize the Trustee to vote
in respect of the claim of any Holder in any such proceeding; provided,
however, that the Trustee may, on behalf of the
Holders, vote for the election of a trustee in bankruptcy or similar official
and be a member of a creditors’ or other similar committee.

 

(e)                                  All rights of action and claims under this
Indenture or the Securities may be prosecuted and enforced by the Trustee
without the possession of any of the Securities or the production thereof in
any proceeding relating thereto, and any such proceeding instituted by the
Trustee will be brought in its own name as trustee of an express trust, and any
recovery of judgment will, after provision for the payment of the reasonable
compensation, expenses, disbursements, and advances of the Trustee and its
agents and counsel, be for the ratable benefit of the Holders of the Securities
in respect of which such judgment has been recovered.

 

Section 8.03.                             Application of Money Collected by Trustee.

 

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

 

FIRST:                                   To the payment of all amounts due the Trustee
under Section 9.06;

 

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

 

THIRD:                               To the Company.

 

Section 8.04.                             Limitation on Suits by Holders of Securities.

 

No
Holder of any Security of any series will have any right to institute any
proceeding, judicial or otherwise, with respect to this Indenture, or for the
appointment of a receiver or trustee, or for any other remedy hereunder, unless
(a) such Holder has previously given written notice to the Trustee of a
continuing Event of Default with respect to the Securities of that series, (b)
the Holders of not less than 25% in principal amount of the Outstanding
Securities of that series shall have made written request to the Trustee to
institute proceedings in respect of such Event of Default in its own name as
Trustee hereunder, (c) such Holder or Holders have offered to the Trustee
indemnity satisfactory to it against the costs, expenses, and liabilities to be
incurred in compliance with such request, (d) the Trustee for 60 calendar days
after its receipt of such notice, request, and offer of indemnity has failed to
institute any such proceeding, and (e) no direction inconsistent with such
written request has been given to the Trustee during such 60-day period by the
Holders of a majority in principal amount of the Outstanding Securities of that
series, it being understood and intended that no one or more of such Holders
will have any right

 

43

 

in any manner whatever by virtue of, or by
availing of, any provision of this Indenture to affect, disturb, or prejudice
the rights of any other of such Holders, or to obtain or to seek to obtain priority
or preference over any other of such Holders or to enforce any right under this
Indenture, except in the manner herein provided and for the equal and ratable
benefit of all of such Holders.

 

Section 8.05.                             Rights and Remedies Cumulative; Delay or Omission
in Exercise of Rights Not a Waiver of Event of Default.

 

(a)                                      Except as otherwise provided with respect to
the replacement or payment of mutilated, destroyed, lost, or stolen Securities
in the last paragraph of Section 2.07, no right or remedy herein conferred upon
or reserved to the Trustee or to the Holders is intended to be exclusive of any
other right or remedy, and every right and remedy will, to the extent permitted
by law, be cumulative and in addition to every other right and remedy given
hereunder or now or hereafter existing at law or in equity or otherwise. The
assertion or employment of any right or remedy hereunder, or otherwise, will
not prevent the concurrent assertion or employment of any other appropriate
right or remedy.

 

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

 

Section 8.06.                             Rights of Holders of Majority in Principal
Amount of Outstanding Securities To Direct Trustee.

 

The
Holders of a majority in principal amount of the Outstanding Securities of any
series will have the right to direct the time, method, and place of conducting
any proceeding for any remedy available to the Trustee, or exercising any trust
or power conferred on the Trustee, with respect to the Securities of such
series, provided that (a) such direction will not be in conflict with
any rule of law or with this Indenture and (b) the Trustee may take any other
action deemed proper by the Trustee which is not inconsistent with such
direction.

 

Section 8.07.                             Requirement of an Undertaking To Pay Costs in
Certain Suits Under the Indenture or Against the Trustee.

 

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, suffered, or omitted by it
as Trustee, a court may require any party litigant in such suit to file
undertaking to pay the costs of such suit, and may assess costs against any
such party litigant, in the manner and to the extent provided in the Trust
Indenture Act; provided that neither this Section 8.07 nor the Trust
Indenture Act will be deemed to authorize any court to require such an
undertaking or to make such an assessment in any suit instituted by the
Company.

 

44

 

Section 8.08.                             Notice of Defaults.

 

If
a Default occurs hereunder with respect to Securities of any series, the
Trustee will give the Holders of Securities of such series notice of such
Default as and to the extent provided by the Trust Indenture Act; provided,
however, that in the case of any Default of the
character specified in Section 8.01(a)(iv) with respect to Securities of such
series no such notice to Holders will be given until at least 30 calendar days
after the occurrence thereof. The Company will give the Trustee notice of any
uncured Event of Default within 10 days after any Responsible Officer of the
Company becomes aware of or receives actual notice of such Event of Default.

 

Section 8.09.                             Unconditional Right of Holders To Receive
Principal, Premium, and Interest.

 

Notwithstanding
any other provision in this Indenture, the Holder of any Security will have the
right, which is absolute and unconditional, to receive payment of the principal
of and any premium and (subject to Section 2.09) interest on such Security on
the respective Stated Maturities expressed in such Security (or, in the case of
redemption, on the Redemption Date) and to institute suit for the enforcement
of any such payment, and such rights may not be impaired without the consent of
such Holder.

 

Section 8.10.                             Restoration of Rights and Remedies.

 

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

 

Section 8.11.                             Trustee May File Proofs of Claims.

 

The
Trustee may file such proofs of claim and other papers or documents as may be
necessary or advisable in order to have the claims of the Trustee (including
any claim for the reasonable compensation, expenses, disbursements, and
advances of the Trustee, its agents and counsel) and the Holders allowed in any
judicial proceeding relative to the Company or the Subsidiaries (or any other
obligor upon the Securities), their creditors or their property and shall be
entitled and empowered to collect and receive any monies or other property
payable or deliverable on any such claim and to distribute the same, and any
custodian in any such judicial proceedings is hereby authorized by each Holder
to make such payments to the Trustee and, in the event that the Trustee shall
consent to the making of such payments directly to the Holders, to pay to the
Trustee any amount due to it for the reasonable compensation, expenses,
disbursements, and advances of the Trustee, its agents and counsel, and any
other amounts due the Trustee hereunder. Nothing herein contained shall be
deemed to authorize the Trustee to authorize or consent to or accept or adopt
on behalf of any Holder any plan of reorganization, arrangement, adjustment or
composition affecting the Securities or the rights of any Holder thereof, or to
authorize the Trustee to vote in respect of the claim of any Holder in any such
proceeding.

 

45

 

ARTICLE IX.

 

CONCERNING
THE TRUSTEE

 

Section 9.01.                             Certain Duties and Responsibilities.

 

The
duties and responsibilities of the Trustee will be as provided by the Trust
Indenture Act. Notwithstanding the foregoing, no provision of this Indenture
will require the Trustee to expend or risk its own funds or otherwise incur any
financial liability in the performance of any of its duties hereunder, or in
the exercise of any of its rights or powers. Whether or not therein expressly
so provided, every provision of this Indenture relating to the conduct or
affecting the liability of or affording protection to the Trustee will be
subject to the provisions of this Section 9.01.

 

Section 9.02.                             Certain Rights of Trustee.

 

Subject
to the provisions of Section 9.01: (a) the Trustee may conclusively rely and
will be protected in acting or refraining from acting upon, whether in its
original or facsimile form, any resolution, certificate, statement, instrument,
opinion, report, notice, request, direction, consent, order, bond, debenture,
note, other evidence of indebtedness, 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 or direction of the Company mentioned herein will be
sufficiently evidenced by a Company Request or Company Order and any resolution
of the Board will be sufficiently evidenced by a Board Resolution; (c) whenever
in the administration of this Indenture the Trustee shall deem it desirable
that a matter be proved or established prior to taking, suffering, or omitting
any action hereunder, the Trustee (unless other evidence be herein specifically
prescribed) may, in the absence of bad faith on its part, conclusively rely
upon an Officer’s Certificate; (d) the Trustee may consult with counsel of its selection
and the advice of such counsel or any Opinion of Counsel will be full and
complete authorization and protection in respect of any action taken, suffered,
or omitted by it hereunder in good faith and in reliance thereon; (e) the
Trustee will be under no obligation to exercise any of the rights or powers
vested in it by this Indenture at the request or direction of any of the
Holders pursuant to this Indenture, unless such Holders shall have offered to
the Trustee security or indemnity satisfactory to it against the costs,
expenses, and liabilities which might be incurred by it in compliance with such
request or direction; (f) the Trustee will not be bound to make any
investigation into the facts or matters stated in any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent,
order, bond, debenture, note, other evidence of indebtedness, or other paper or
document, but the Trustee, in its discretion, may make such further inquiry or
investigation into such facts or matters as it may see fit, and, if the Trustee
shall determine to make such further inquiry or investigation, it will be
entitled to examine the books, records, and premises of the Company, personally
or by agent or attorney at the sole cost of the Company and shall incur no
liability or additional liability of any kind by reason of such inquiry or
investigation; (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 will 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 liable for any action taken,
suffered, or omitted to be taken by it in good

 

46

 

faith and reasonably believed by it to be
authorized or within the discretion or rights or powers conferred upon it by
this Indenture; (i) 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; (j) 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; (k) the rights, privileges, protections, immunities and benefits
given to the Trustee, including, without limitation, its right to be indemnified,
are extended to, and shall be enforceable by, the Trustee in each of its
capacities hereunder, and to each agent, custodian and other Person employed to
act hereunder; and (1) 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.

 

Section 9.03.                             Not Responsible for Recitals or Issuance of
Securities.

 

The
recitals contained herein and in the Securities, except the Trustee’s
certificates of authentication, may be taken as the statements of the Company,
and neither the Trustee nor any Authenticating Agent assumes any responsibility
for their correctness. The Trustee makes no representations as to the validity
or sufficiency of this Indenture or of the Securities. The Trustee or any
Authenticating Agent will not be accountable for the use or application by the
Company of Securities or the proceeds thereof.

 

Section 9.04.                             May Hold Securities.

 

The
Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar, or
any other agent of the Company, in its individual or any other capacity, may
become the owner or pledgee of Securities and, subject to Sections 9.07 and
9.12, may otherwise deal with the Company with the same rights it would have if
it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar, or
such other agent.

 

Section 9.05.                             Money Held in Trust.

 

Money
held by the Trustee in trust hereunder need not be segregated from other funds
except to the extent required herein or by law. The Trustee will be under no
liability for interest on any money received by it hereunder except as
otherwise agreed in writing with the Company.

 

Section 9.06.                             Compensation and Reimbursement.

 

The
Company will (a) pay to the Trustee from time to time such compensation for all
services rendered by it hereunder as the parties shall agree from time to time
(which compensation will not be limited to any provision of law in regard to
the compensation of a trustee of an express trust); (b) except as otherwise
expressly provided herein, reimburse the Trustee upon its request for all
reasonable expenses, disbursements, and advances incurred or made by the
Trustee in accordance with provision of this Indenture (including the
reasonable compensation and

 

47

 

the expenses and disbursements of agents and
counsel), except any such expense, disbursement, or advance as may be
attributable to its negligence or bad faith; and (c) indemnify each of the
Trustee and any predecessor Trustee for, and hold the Trustee harmless against,
any and all loss, liability, claim, or expense incurred without negligence or
bad faith on its part arising out of or in connection with the acceptance or
administration of the trust or trusts hereunder, including the costs and
expenses of defending itself against any claim or liability in connection with
the exercise or performance of any of its powers or duties hereunder.

 

When
the Trustee incurs expenses or renders services in connection with an Event of
Default specified in Section 8.01(a)(vi) or Section 8.01(a)(vii), the
expenses (including the reasonable charges and expenses of its counsel) and the
compensation for such services are intended to constitute expenses of
administration under any applicable federal or state bankruptcy, insolvency or
other similar law.

 

The
Trustee shall have a lien prior to the Securities as to all property and funds
held by it hereunder for any amount owing it or any predecessor Trustee
pursuant to this Section 9.06, except with respect to funds held in trust for
the benefit of the Holders of particular Securities.

 

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

 

Section 9.07.                             Disqualification; Conflicting Interests.

 

If
the Trustee has or acquires a conflicting interest within the meaning of the
Trust Indenture Act, the Trustee will either eliminate such interest or resign,
to the extent and in the manner provided by, and subject to the provisions of,
the Trust Indenture Act and this Indenture.

 

Section 9.08.                             Corporate Trustee Required; Eligibility.

 

There
will at all times be one or more Trustees hereunder with respect to the
Securities of each series, at least one of which will be a Person that is
eligible pursuant to the Trust Indenture Act to act as such and has a combined
capital and surplus of at least $50,000,000 and its Corporate Trust Office or
principal office in New York City, or any other major city in the United States
that is acceptable to the Company. If such Person publishes reports of
condition at least annually, pursuant to law or to the requirements of a
supervising or examining state or federal authority, then for the purposes of
this Section 9.08, the combined capital and surplus of such Person shall be
deemed to be its combined capital and surplus as set forth in its most recent
report of condition so published. If at any time the Trustee shall cease to be
eligible in accordance with the provisions of this Section 9.08, it will resign
immediately in the manner and with the effect hereinafter specified in this
Article IX.

 

Section 9.09.                             Resignation and Removal; Appointment of
Successor.

 

(a)                                  No resignation or removal of the Trustee and
no appointment of a successor Trustee pursuant to this Article IX will
become effective until the acceptance of appointment by the successor Trustee
in accordance with the applicable requirements of Section 9.10.

 

48

 

(b)                                       The Trustee may resign at any time with
respect to the Securities of one or more series by giving written notice
thereof to the Company. If the instrument of acceptance by a successor Trustee
required by Section 9.10 shall not have been delivered to the Trustee within 30
calendar days after the giving of such notice of resignation, the resigning
Trustee may at the expense of the Company petition any court of competent
jurisdiction for the appointment of a successor Trustee with respect to the
Securities of such series.

 

(c)                                        The Trustee may be removed at any time with
respect to the Securities of any series by Act of the Holders of a majority in
principal amount of the Outstanding Securities of such series, delivered to the
Trustee and to the Company.

 

(d)                                       If, at any time, (i) the Trustee fails to
comply with Section 9.07 after written request therefor by the Company or by
any Holder who has been a bona fide Holder of a Security for at least six
months, (ii) the Trustee ceases to be eligible under Section 9.08 and fails to resign
after written request therefor by the Company or by any such Holder, or (iii)
the Trustee becomes incapable of acting or is adjudged a bankrupt or insolvent
or a receiver of the Trustee or of its property is appointed or any public
officer takes 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, (A) the Company by a Board Resolution may remove the Trustee with respect
to all Securities or (B) subject to Section 8.07, any Holder who has been a
bona fide Holder of a Security for at least six months may, on behalf of
himself and all others similarly situated, petition any court of competent
jurisdiction for the removal of the Trustee with respect to all Securities and
the appointment of a successor Trustee or Trustees.

 

(e)                                     If the Trustee resigns, is removed, or
becomes incapable of acting, or if a vacancy occurs in the office of Trustee
for any cause, with respect to the Securities of one or more series, the Company
by a Board Resolution will promptly appoint a successor Trustee or Trustees
with respect to the Securities of that or those series (it being understood
that any such successor Trustee may be appointed with respect to the Securities
of one or more or all of such series and that at any time there will be only
one Trustee with respect to the Securities of any particular series) and will
comply with the applicable requirements of Section 9.10. If, within one year
after such resignation, removal, or incapability or the occurrence of such
vacancy, a successor Trustee with respect to the Securities of any series is
appointed by Act of the Holders of a majority in principal amount of the
Outstanding Securities of such series delivered to the Company and the retiring
Trustee, the successor Trustee so appointed will, forthwith upon its acceptance
of such appointment in accordance with the applicable requirements of Section
9.10, become the successor Trustee with respect to the Securities of such
series and to that extent supersede the successor Trustee appointed by the
Company. If no successor Trustee with respect to the Securities of any series
shall have been so appointed by the Company or the Holders and accepted
appointment in the manner required by Section 9.10, any Holder who has been a
bona fide Holder of a Security of such series for at least six months may, on
behalf of himself and all others similarly situated, at the expense of the
Company, petition any court of competent jurisdiction for the appointment of a
successor Trustee with respect to the Securities of such series.

 

(f)                                    The Company will give notice of each
resignation and each removal of the Trustee with respect to the Securities of
any series and each appointment of a successor Trustee

 

49

 

with respect to the Securities of any series
to all holders of Securities of such series in the manner provided in Section
13.03. Each notice will include the name of the successor Trustee with respect
to the Securities of such series and the address of its Corporate Trust Office.

 

Section 9.10.                             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 will execute, acknowledge, and deliver to the Company and to the
retiring Trustee an instrument accepting such appointment, and thereupon the
resignation or removal of the retiring Trustee will become effective and such
successor Trustee, without any further act, deed, or conveyance, will 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 will, upon payment of its charges, execute and deliver an instrument
transferring to such successor Trustee all the rights, powers, and duties of
the retiring Trustee and will duly assign, transfer, and deliver to such
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 will execute and deliver an indenture
supplemental hereto wherein such successor Trustee will accept such appointment
and which (i) will contain such provisions as may 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) if the retiring Trustee is not retiring with respect to
all Securities, will contain such provisions as may 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 will continue to be vested in the
retiring Trustee, and (iii) will add to or change any of the provisions of this
Indenture as may 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 will constitute such Trustees
co-trustees of the same trust and that each such Trustee will be trustee of a
trust or trusts hereunder separate and apart from any trust or trusts hereunder
administered by any other such Trustees and upon the execution and delivery of
such supplemental indenture the resignation or removal of the retiring Trustee
will become effective to the extent provided therein and each such successor
Trustee, without any further act, deed, or conveyance, will 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 will duly assign, transfer, and deliver to such
successor Trustee all 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 will execute any and all instruments for more fully and certainly
vesting in and confirming to such successor

 

50

 

Trustee all applicable rights, powers, and
trusts referred to in the preceding paragraphs of this Section 9.10.

 

(d)                                 No successor Trustee will accept its
appointment unless at the time of such acceptance such successor Trustee is
qualified and eligible under this Article IX.

 

Section 9.11.                             Merger, Conversion, Consolidation, or
Succession to Business.

 

Any
corporation into which the Trustee may be merged or converted or with which it
may be consolidated, or any corporation resulting from any merger, conversion,
or consolidation to which the Trustee may be a party, or any corporation
succeeding to all or substantially all the corporate trust business of the
Trustee, will be the successor of the Trustee hereunder, provided such
corporation is otherwise qualified and eligible under this Article IX, without
the execution or filing of any paper or any further act on the part of any of
the parties hereto. 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 9.12.                             Preferential Collection of Claims Against
Company.

 

If
and when the Trustee is or becomes a creditor of the Company (or any other
obligor upon the Securities), the Trustee will be subject to the provisions of
the Trust Indenture Act regarding the collection of claims against the Company
(or any such other obligor).

 

Section 9.13.                             Appointment of Authenticating Agent.

 

(a)                                  The Trustee may appoint an Authenticating
Agent or Agents with respect to one or more series of Securities which will be
authorized to act on behalf of the Trustee to authenticate Securities of such
series issued upon original issue and upon exchange, registration of transfer,
or partial redemption thereof or pursuant to Section 2.07, and Securities so
authenticated will be entitled to the benefits of this Indenture and will be
valid and obligatory for all purposes as if authenticated by the Trustee
hereunder. Wherever reference is made in this Indenture to the authentication
and delivery of Securities by the Trustee or the Trustee’s certificate of
authentication, such reference will be deemed to include authentication and
delivery on behalf of the Trustee by an Authenticating Agent and a certificate
of authentication executed on behalf of the Trustee by an Authenticating Agent.
Each Authenticating Agent shall be acceptable to the Company and shall at all
times be a corporation organized and doing business under the laws of the
United States of America, any state thereof, or the District of Columbia,
authorized under such laws to act as Authenticating Agent, having a combined
capital and surplus of not less than $50,000.000 and subject to supervision or
examination by federal or state authority. If such Authenticating Agent
publishes reports of condition at least annually, pursuant to law or to the
requirements of said supervising or examining authority, then for the purposes
of this Section 9.13, the combined capital and surplus of such Authenticating
Agent will be deemed to be its combined capital and surplus as set forth in its
most recent report of condition so published. If at any time an Authenticating
Agent shall cease to be eligible in accordance with the provisions of this
Section 9.13,

 

51

 

such Authenticating Agent will resign
immediately in the manner and with the effect specified in this Section 9.13.

 

(b)                                 Any corporation into which an Authenticating
Agent may be merged or converted or with which it may be consolidated, or any
corporation resulting from any merger, conversion, or consolidation to which
such Authenticating Agent may be a party, or any corporation succeeding to all
or substantially all the corporate agency or corporate trust business of an Authenticating
Agent, will continue to be an Authenticating Agent, provided such corporation
is otherwise eligible under this Section 9.13, without the execution or filing
of any paper or any further act on the part of the Trustee or the
Authenticating Agent.

 

(c)                                  An Authenticating Agent may resign at any
time by giving written notice thereof to the Trustee and to the Company. The
Trustee may at any time terminate the agency of an Authenticating Agent by
giving written notice thereof to such Authenticating Agent and to the Company.
Upon receiving such a notice of resignation or upon such a termination, or in
case at any time such Authenticating Agent shall cease to be eligible in
accordance with the provisions this Section 9.13, the Trustee may appoint a
successor Authenticating Agent which shall be acceptable to the Company and
will mail written notice of such appointment by first-class mail, postage
prepaid, to all Holders of Securities of the series with respect to which such
Authenticating Agent will serve, as their names and addresses appear in the
Security Register. Any successor Authenticating Agent upon acceptance of its
appointment hereunder will become vested with all the rights, powers, and
duties of its predecessor hereunder, with like effect as if originally named as
an Authenticating Agent. No successor Authenticating Agent will be appointed
unless eligible under the provisions of this Section 9.13.

 

(d)                                 The Company agrees to pay to each
Authenticating Agent from time to time reasonable compensation for its services
under this Section 9.13.

 

(e)                                  If an appointment with respect to one or more
series of Securities is made pursuant to this Section 9.13, the Securities of
such series may have endorsed thereon, in addition to the Trustee’s certificate
of authentication, an alternative form of certificate of authentication in the
following form:

 

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

 

	
   

  	
  Citibank, N.A., as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  As Authenticating Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Authorized Signatory

  
					

 

52

 

Section 9.14.                             Trustee’s Application for Instructions from
the Company.

 

Any
application by the Trustee for written instructions from the Company may, at
the option of the Trustee, set forth in writing any action proposed to be taken
or omitted by the Trustee under this Indenture and the date on and/or after
which such action shall be taken or such omission shall be effective. In the
case of any proposed action or omission expressly authorized by this Indenture,
the Trustee shall not be liable for any action taken by, or omission of, the
Trustee in accordance with a proposal included in such application on or after
the date specified in such application (which date shall not be less than three
Business Days after the date any officer of the Company actually receives such
application, unless any such officer shall have consented in writing to any
earlier date) unless prior to taking any such action (or the effective date in
the case of an omission), the Trustee shall have received written instructions
in response to such application specifying the action to be taken or omitted.
In the case of any proposed action or omission that is not expressly authorized
by this Indenture, the Trustee shall not take or refrain from taking action
unless prior to taking or refraining from taking any such action, the Trustee
shall have received written instructions in response to such application
specifying the action to be taken or omitted.

 

ARTICLE X.

 

SUPPLEMENTAL
INDENTURES AND CERTAIN ACTIONS

 

Section 10.01.                       Purposes for Which Supplemental Indentures
May Be Entered Into Without Consent of Holders.

 

Without
the consent of or notice to any Holders, the Company, when authorized by a
Board Resolution, and the Trustee, at any time and from time to time, may enter
into one or more indentures supplemental hereto, in form satisfactory to the
Trustee, for any of the following purposes:

 

(a)                           to evidence the succession of another Person
to the Company and the assumption by any such successor of the covenants of the
Company herein and in the Securities, all to the extent otherwise permitted
hereunder;

 

(b)                          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;

 

(c)                           to add any additional Events of Default;

 

(d)                          to add to or change any of the provisions of
this Indenture to such extent as may be necessary to permit or facilitate the
issuance of Securities in bearer form, registrable or not registrable as to
principal, and with or without interest coupons, or to permit or facilitate the
issuance of Securities in uncertificated form;

 

53

 

(e)                                     to add to, change, or eliminate any of the
provisions of this Indenture in respect of one or more series of Securities, provided
that any such addition, change, or elimination (i) will neither (A) apply to
any Security of any series created prior to the execution of such supplemental
indenture and entitled to the benefit of such provision nor (B) modify the
rights of the Holder of any such Security with respect to such provision or (ii)
will become effective only when there is no such Security Outstanding;

 

(f)                                       to establish the form or terms of Securities
of any series as permitted by Sections 2.01 and 2.02;

 

(g)                                    to evidence and provide for the acceptance of
appointment hereunder by a successor Trustee with respect to the Securities of
one or more series and to add to or change any of the provisions of this
Indenture as may be necessary to provide for or facilitate the administration
of the trusts hereunder by more than one Trustee, pursuant to the requirements
of Section 9.10; or

 

(h)                                 to cure any ambiguity, to correct or
supplement any provision herein which may be defective or inconsistent with any
other provision herein, to make any other provisions with respect to matters or
questions arising under this Indenture or to comply with the Trust Indenture Act,
provided that such action pursuant to this clause (h) will not adversely
affect the interests of the Holders of Securities of any series in any material
respect.

 

Section 10.02.                       Modification of Indenture with Consent of
Holders of at Least a Majority in Principal Amount of Outstanding Securities.

 

(a)                                  With the consent of the Holders of a majority
in principal amount of the Outstanding Securities of each series affected by
such supplemental indenture, by Act of said Holders delivered to the Company
and the Trustee, the Company, when authorized by a Board Resolution, and the
Trustee may enter into an indenture or indentures supplemental hereto for the
purpose of adding any provisions to or changing in any manner or eliminating
any of the provisions of this Indenture or of modifying in any manner the
rights of the Holders of Securities of such series under this Indenture; provided,
however, that no such supplemental indenture will,
without the consent of the Holder of each Outstanding Security affected thereby:

 

(i)                                     change the Stated Maturity of the principal
of, or any installment of principal of or interest on, any Security, or reduce
the principal amount thereof or the rate of interest thereon or any premium
payable upon the redemption thereof, or reduce the amount of the principal of
an Original Issue Discount Security that would be due and payable upon a
declaration of acceleration of the Maturity thereof pursuant to Section 8.01
(b), or change any Place of Payment where, or the coin or currency in which,
any Security or any premium or interest thereon is payable, or impair the right
to institute suit for the enforcement of any such payment on or after the
Stated Maturity thereof (or, in the case of redemption, on or after the
Redemption Date);

 

(ii)                                  reduce the percentage in principal amount of
the Outstanding Securities of any series, the consent of the Holders of which
is required for any such supplemental

 

54

 

indenture,
or the consent of the Holders of which is required for any waiver (of
compliance with certain provisions of this Indenture or certain defaults
hereunder and their consequences) provided for in this Indenture; or

 

(iii)                               modify any of the provisions of this Section
10.02, Section 8.0 l(d) or Section 6.09, except to increase the percentage in
principal amount of Holders required under any such Section or to provide that
certain other provisions of this Indenture cannot be modified or waived without
the consent of the Holder of each Outstanding Security affected thereby, provided,
however, that this clause (iii) will not be deemed to
require the consent of any Holder with respect to changes in the references to
“the Trustee” and concomitant changes in this Section 10.02 and Section 6.09,
or the deletion of this proviso, in accordance with the requirements of
Sections 9.10 and 10.01(g).

 

(b)                                    A supplemental indenture which changes or
eliminates any covenant or other provision of this Indenture which has
expressly been included solely for the benefit of one or more particular series
of Securities, or which modifies the rights of the Holders of Securities of
such series with respect to such covenant or other provision, will be deemed
not to affect the rights under this Indenture of the Holders of Securities of
any other series.

 

(c)                                     It will not be necessary for any Act of
Holders under this Section 10.02 to approve the particular form of any proposed
supplemental indenture, but it will be sufficient if such Act approves the
substance thereof.

 

Section 10.03.                       Execution of Supplemental Indentures.

 

In
executing, or accepting the additional trusts created by, any supplemental
indenture permitted by this Article X or the modifications thereby of the
trusts created by this Indenture, the Trustee will be entitled to receive, and
(subject to Section 9.01) will be fully protected in relying upon, an Officers’
Certificate and an Opinion of Counsel stating that the execution of such
supplemental indenture is authorized or permitted by this Indenture. The Trustee
may, but will not be obligated to, enter into any such supplemental indenture
which affects the Trustee’s own rights, duties, or immunities under this
Indenture or otherwise.

 

Section 10.04.                       Effect of Supplemental Indentures.

 

Upon
the execution of any supplemental indenture under this Article X, this
Indenture will be modified in accordance therewith, and such supplemental
indenture will form a part of this Indenture for all purposes; and every Holder
of Securities theretofore or thereafter authenticated and delivered hereunder
will be bound thereby.

 

Section 10.05.                       Conformity with Trust Indenture Act.

 

Every
supplemental indenture executed pursuant to this Article X will conform to the
requirements of the Trust Indenture Act.

 

55

 

Section 10.06.                       Reference in Securities to Supplemental
Indentures.

 

Securities
of any series authenticated and delivered after the execution of any
supplemental indenture pursuant to this Article X may, and will if required by
the Trustee, bear a notation in form approved by the Trustee as to any matter
provided for in such supplemental indenture. If the Company shall so determine,
new Securities of any series so modified as to conform, in the opinion of the
Trustee and the Company, to any such supplemental indenture may be prepared and
executed by the Company and authenticated and delivered by the Trustee in
exchange for Outstanding Securities of such series.

 

ARTICLE XI.

CONSOLIDATION,
MERGER, SALE, OR TRANSFER

 

Section
11.01.                       Consolidations and Mergers of Company and

Sales Permitted Only on Certain Terms.

 

(a)                                  The Company shall not consolidate with or
merge with or into any other Person, or transfer (by lease, assignment, sale,
or otherwise) all or substantially all of its properties and assets to another
Person unless (i) either (A) the Company shall be the continuing or surviving
Person in such a consolidation or merger or (B) the Person (if other than the
Company) formed by such consolidation or into which the Company is merged or to
which all or substantially all of the properties and assets of the Company are
transferred (the Company or such other Person being referred to as the
“Surviving Person”) shall be a corporation organized and validly existing under
the laws of the United States, any state thereof, or the District of Columbia,
and shall expressly assume, by an indenture supplement, all the obligations of
the Company under the Securities and the Indenture, (ii) immediately after the
transaction and the incurrence or anticipated incurrence of any Indebtedness to
be incurred in connection therewith, no Event of Default will exist, and,
except in the case of the merger of a wholly-owned Subsidiary with or into the
Company, (iii) an Officer’s Certificate has been delivered to the Trustee to
the effect that the conditions set forth in the preceding clauses (i) and (ii)
have been satisfied and an Opinion of Counsel (from a counsel who shall not be
an employee of the Company) has been delivered to the Trustee to the effect
that the conditions set forth in the preceding clause (i) have been satisfied.

 

(b)                                 The Surviving Person will succeed to and be
substituted for the Company with the same effect as if it had been named herein
as a party hereto, and thereafter the predecessor corporation will be relieved
of all obligations and covenants under this Indenture and the Securities.

 

ARTICLE XII.

 

SATISFACTION
AND DISCHARGE OF INDENTURE

 

Section 12.01.                       Satisfaction and Discharge of Indenture.

 

This
Indenture will upon a Company Request cease to be of further effect (except as
to any surviving rights of registration of transfer or exchange of Securities
herein expressly

 

56

 

provided for), and the Trustee, at the
expense of the Company, will execute proper instruments acknowledging
satisfaction and discharge of this Indenture, when: (a) either (i) all
Securities theretofore authenticated and delivered (other than (A) Securities
which have been destroyed, lost, or stolen and which have been replaced or paid
as provided in Section 2.07 and (B) Securities for the payment of which money
has theretofore been deposited in trust or segregated and held in trust by the
Company and thereafter repaid to the Company or discharged from such trust, as
provided in Section 6.03) have been delivered to the Trustee for cancellation
or (ii) all such Securities not theretofore delivered to the Trustee for
cancellation (A) have become due and payable, (B) will become due and payable
at their Stated Maturity within one year, or (C) are to be called for
redemption within one year under arrangements satisfactory to the Trustee for
the giving of notice of redemption by the Trustee in the name, and at the
expense, of the Company, and the Company, in the case of clause (A), (B), or
(C) above, has deposited or caused to be deposited with the Trustee as trust
funds in trust for such purpose an amount sufficient to pay and discharge the
entire indebtedness on such Securities not theretofore delivered to the Trustee
for cancellation, for principal and any premium and interest to the date of
such deposit (in the case of Securities which have become due and payable) or
to the Stated Maturity or Redemption Date, as the case may be; (b) the Company
has paid or caused to be paid all other sums payable hereunder by the Company;
and (c) the Company has delivered to the Trustee an Officer’s Certificate and
an Opinion of Counsel, each stating that all conditions precedent herein
provided for relating to the satisfaction and discharge of this Indenture have
been satisfied. Notwithstanding the satisfaction and discharge of this
Indenture, the obligations of the Company to the Trustee under Section 9.06,
the obligations of the Company to any Authenticating Agent under Section 9.13,
and, if money shall have been deposited with the Trustee pursuant to subclause
(ii) of clause (a) of this Section 12.01, the obligations of the Trustee under
Sections 6.03(e) and 12.02, will survive.

 

Section 12.02.                       Application of Trust Money.

 

Subject
to provisions of Section 6.03(e), all money deposited with the Trustee pursuant
to Section 12.01 will be held in trust and applied by it, in accordance with
the provisions of the Securities and this Indenture, to the payment, either
directly or through any Paying Agent (including the Company acting as its own
Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of
the principal and any premium and interest for whose payment such money has
been deposited with the Trustee.

 

ARTICLE XIII.

 

MISCELLANEOUS
PROVISIONS

 

Section 13.01.                       Successors and Assigns of Company Bound by
Indenture.

 

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

 

57

 

Section 13.02.                       Service of Required Notice to Trustee and
Company.

 

Any
request, demand, authorization, direction, notice, consent, waiver, Act of
Holders or other document provided or permitted by this Indenture to be made
upon, given or furnished to, or filed with (a) the Trustee by any Holder or by
the Company will be sufficient for every purpose hereunder if made, given,
furnished, or filed in writing to or with the Trustee at its Corporate Trust
Office, Attention: Corporate Trust Department or (b) the Company by the Trustee
or by any Holder will be sufficient for every purpose hereunder (unless
otherwise herein expressly provided) if in writing and mailed, first-class
postage prepaid, to the Company addressed to it at 4500 Dorr Street, Toledo,
Ohio 43615, Attention: Corporate Secretary, or at any other address previously
furnished in writing to the Trustee by the Company.

 

Section 13.03.                       Service of Required Notice to Holders; Waiver.

 

Where
this Indenture provides for notice to Holders of any event, such notice will be
sufficiently given (unless otherwise herein expressly provided) if in writing
and mailed, first-class postage prepaid, to each Holder affected by such event,
at his address as it appears in the Security Register, not later than the
latest date (if any, and not earlier than the earliest date (if any),
prescribed for the giving of such notice. In any case where notice to Holders
is given by mail, neither the failure to mail such notice, nor any defect in
any notice so mailed, to any particular Holder will affect the sufficiency of
such notice with respect to other Holders. Where this Indenture provides for
notice in any manner, such notice may be waived in writing by the Person entitled
to receive such notice, either before or after the event, and such waiver will
be the equivalent of such notice. Waivers of notice by Holders will be filed
with the Trustee, but such filing will not be a condition precedent to the
validity of any action taken in reliance upon such waiver. In case by reason of
the suspension of regular mail service or by reason of any other cause it will
be impracticable to give such notice by mail, then such notification as may be
made with the approval of the Trustee will constitute a sufficient notification
for every purpose hereunder.

 

Section 13.04.                       Indenture and Securities to Be Construed in
Accordance with the Laws of the State of New York.

 

This
Indenture and the Securities will be deemed to be a contract made under the laws
of the State of New York, and for all purposes will be construed in accordance
with the laws of said State without giving effect to principles of conflict of
laws of such State.

 

Section 13.05.                       Compliance Certificates and Opinions.

 

Upon
any application or request by the Company to the Trustee to take any action
under any of the provisions of this Indenture, the Company will furnish to the
Trustee such certificates and opinions as may be required under the Trust
Indenture Act. Each such certificate or opinion will be given in the form of an
Officer’s Certificate, if to be given by an officer of the Company, or an
Opinion of Counsel, if to be given by counsel, and will comply with the
requirements of the Trust Indenture Act and any other requirements set forth in
this Indenture.

 

58

 

Section 13.06.                       Form of Documents Delivered to Trustee.

 

In
any case where several matters are required to be certified by, or covered by
an opinion of, any specified Person, it is not necessary that all such matters
be certified by, or covered by the opinion of, only one such Person, or that
they be so certified or covered by only one document, but one such Person may
certify or give an opinion with respect to some matters and one or more other
such Persons as to other matters, and any such Person may certify or give an
opinion as to such matters in one or several documents. Where any Person is
required to make, give, or execute two or more applications, requests, consents,
certificates, statements, opinions, or other instruments under this Indenture,
they may, but need not, be consolidated and form one instrument.

 

Section 13.07.                       Payments Due on Non-Business Days.

 

In
any case where any Interest Payment Date, Redemption Date, or Stated Maturity
of any Security shall not be a Business Day at any Place of Payment, then
(notwithstanding any other provision of this Indenture or of the Securities
(other than a provision of the Securities of any series which specifically states
that such provision will apply in lieu of this Section 13.07)) payment of
interest or principal (and premium, if any) need not be made at such Place of
Payment on such date, but may be made on the next succeeding Business Day at
such Place of Payment with the same force and effect as if made on the Interest
Payment Date or Redemption Date, or at the Stated Maturity, provided
that interest will accrue for the period from and after such Interest Payment
Date, Redemption Date, or Stated Maturity, as the case may be.

 

Section 13.08.                       Provisions Required by Trust Indenture Act To
Control.

 

If
any provision of this Indenture limits, qualifies, or conflicts with the duties
imposed on any Person by Sections 310 to and including 317 of the Trust
Indenture Act (including provisions automatically deemed included in this
Indenture pursuant to the Trust Indenture Act unless this Indenture provides
that such provisions are excluded), which are deemed to be a part of and govern
this Indenture, whether or not contained herein, then such imposed duties will
control.

 

Section 13.09.                       Invalidity of Particular Provisions.

 

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

 

Section 13.10.                       Indenture May Be Executed in Counterparts.

 

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

 

59

 

Section 13.11.                       Acts of Holders; Record Dates.

 

(a)                                  Any request, demand, authorization,
direction, notice, consent, waiver, or other action provided or permitted by
this Indenture to be given or taken by Holders may be embodied in and evidenced
by one or more instruments of substantially similar tenor signed by such
Holders in person or by agent duly appointed in writing; and, except as herein
otherwise expressly provided, such action will become effective when such
instrument or instruments are delivered to the Trustee and, where it is hereby
expressly required, to the Company. Such instrument or instruments (and the
action embodied therein and evidenced thereby) are herein sometimes referred to
as the “Act” of the Holders signing such instrument or instruments. Proof of
execution of any such instrument or of a writing appointing any such agent will
be sufficient for any purpose of this Indenture and (subject to Section 9.01)
conclusive in favor of the Trustee and the Company, if made in the manner
provided in this Section 13.11.

 

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

 

(c)                                     The ownership of Securities will be proved by
the Security Register.

 

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

 

(e)                                   The Company may, in the circumstances
permitted by the Trust Indenture Act, set any day as the record date for the
purpose of determining the Holders of Outstanding Securities of any series
entitled to give or take any request, demand, authorization, direction, notice,
consent, waiver, or other action provided or permitted by this Indenture to be
given or taken by Holders of Securities of such series. With regard to any
record date set pursuant to this paragraph, the Holders of Outstanding
Securities of the relevant series on such record date (or their duly appointed
agents), and only such Persons, will be entitled to give or take the relevant
action, whether or not such Holders remain Holders after such record date. With
regard to any action that may be given or taken hereunder only by Holders of a
requisite principal amount of Outstanding Securities of any series (or their
duly appointed agents) and for which a record date is set pursuant to this
paragraph, the Company may, at its option, set an expiration date after which no
such action purported to be given or taken by any Holder will be effective
hereunder unless given or taken on or prior to such expiration date by Holders
of the requisite principal amount of Outstanding Securities of such series on
such record date (or their duly appointed agents). On or

 

60

 

prior to any expiration date set pursuant to this paragraph, the
Company may, on one or more occasions at its option, extend such date to any
later date. Nothing in this paragraph will prevent any Holder (or any duly
appointed agent thereof) from giving or taking, after any such expiration date,
any action identical to, or, at any time, contrary to or different from, the
action or purported action to which such expiration date relates, in which
event the Company may set a record date in respect thereof pursuant to this
paragraph. Nothing in this Section 13.11(e) will be construed to render
ineffective any action taken at any time by the Holders (or their duly
appointed agents) of the requisite principal amount of Outstanding Securities
of the relevant series on the date such action is so taken. Notwithstanding the
foregoing or the Trust Indenture Act, the Company will not set a record date
for, and the provisions of this Section 13.11(e) will not apply with respect
to, any notice, declaration, or direction referred to in the next paragraph.

 

(f)                                    Upon receipt by the
Trustee from any Holder of Securities of a particular series of (a) any notice
of default or breach referred to in Section 8.01(a)(iv) or 8.01(a)(v) with
respect to Securities of such series, if such default or breach has occurred
and is continuing and the Trustee shall not have given such notice to the
Company, (b) any declaration of acceleration referred to in Section 8.0l(b), if
an Event of Default with respect to Securities of such series has occurred and
is continuing and the Trustee shall not have given such a declaration to the
Company, or (c) any direction referred to in Section 8.06 with respect to
Securities of such series, if the Trustee shall not have taken the action
specified in such direction, then a record date will automatically and without
any action by the Company or the Trustee be set for determining the Holders of
Outstanding Securities of such series entitled to join in such notice,
declaration, or direction, which record date will be the close of business on
the tenth calendar day following the day on which the Trustee receives such
notice, declaration, or direction. Promptly after such receipt by the Trustee,
and in any case not later than the fifth calendar day thereafter, the Trustee
will notify the Company and the Holders of Outstanding Securities of such
series of any such record date so fixed. The Holders of Outstanding Securities
of such series on such record date (or their duly appointed agents), and only
such Persons, will be entitled to join in such notice, declaration, or
direction, whether or not such Holders remain Holders after such record date; provided
that, unless such notice, declaration, or direction shall have become effective
by virtue of Holders of the requisite principal amount of Outstanding Securities
of such series on such record date (or their duly appointed agents) having
joined therein on or prior to the 90th calendar day after such record date,
such notice, declaration, or direction will automatically and without any
action by any Person be cancelled and of no further effect. Nothing in this
Section 13.11(f) will be construed to prevent a Holder (or a duly appointed
agent thereof) from giving, before or after the expiration of such 90-day
period, a notice, declaration, or direction contrary to or different from, or,
after the expiration of such period, identical to, the notice, declaration, or
direction to which such record date relates, in which event a new record date
in respect thereof will be set pursuant to this Section 13.1 l(f). Nothing in
this Section 13.1 l(f) will be construed to render ineffective any notice,
declaration, or direction of the type referred to in this Section 13.11(f)
given at any time to the Trustee and the Company by Holders (or their duly
appointed agents) of the requisite principal amount of Outstanding Securities
of the relevant series on the date such notice, declaration, or direction is so
given.

 

(g)                                 Without limiting
the foregoing, a Holder entitled hereunder to give or take any action hereunder
with regard to any particular Security may do so with regard to all or any

 

61

 

part of the
principal amount of such Security or by one or more duly appointed agents each
of which may do so pursuant to such appointment with regard to all or any
different part of such principal amount.

 

Section
13.12.                       Effect of Headings
and Table of Contents.

 

The Article and Section headings herein and the
Table of Contents are for convenience only and will not affect the construction
hereof.

 

Section
13.13.                       Benefits of
Indenture.

 

Nothing in this Indenture or in the Securities,
express or implied, will give to any Person, other than the parties hereto and
their successors hereunder and the Holders any benefit or any legal or
equitable right, remedy, or claim under this Indenture.

 

Section
13.14.                       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 THE INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY.

 

Section
13.15.                       Force Majeure.

 

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.

 

62

 

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

 

	
   

  	
  DANA
  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  A. Glenn Paton

  	
   

  
	
   

  	
  Name:
  A. Glenn Paton

  
	
   

  	
  Title:
  Vice President-Treasurer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CITIBANK,
  N.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  P. De Felice

  	
   

  
	
   

  	
  Name:
  P. De Felice

  
	
   

  	
  Title:
  Vice President

  
						

 

 

EXHIBIT
A

 

FORM OF SECURITY

 

 

[Global Securities Legend]

 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE THEREOF. THIS SECURITY MAY NOT BE TRANSFERRED TO, OR REGISTERED OR
EXCHANGED FOR SECURITIES REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN THE
DEPOSITARY OR A NOMINEE THEREOF, AND NO SUCH TRANSFER MAY BE REGISTERED, EXCEPT
IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY SECURITY
AUTHENTICATED AND DELIVERED UPON REGISTRATION OF, TRANSFER OF, OR IN EXCHANGE
FOR, OR IN LIEU OF, THIS SECURITY WILL BE A GLOBAL SECURITY SUBJECT TO THE
FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES.

 

[Restricted Securities Legend]

 

THIS SECURITY (OR ITS PREDECESSOR) HAS NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).
AND, ACCORDINGLY, MANY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED
WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS,
EXCEPT AS SET FORTH IN THE NEXT SENTENCE. BY ITS ACQUISITION HEREOF OR OF A
BENEFICIAL INTEREST HEREIN, THE HOLDER:

 

(a)                                  REPRESENTS THAT (a)
IT IS A “QUALIFIED INSTITUTION BUYER” (AS DEFINED IN RULE 144A UNDER THE
SECURITIES ACT) (A “QIB”), (b) IT HAS ACQUIRED THIS SECURITY IN AN OFFSHORE
TRANSACTION IN COMPLIANCE WITH REGULATION S UNDER THE SECURITIES ACT OR (c) IT
IS AN INSTITUTIONAL “ACCREDITED INVESTOR” (AS DEFINED IN RULE 501(a)(l),
(2), (3) OR (7) OR REGULATION D UNDER THE SECURITIES ACT) (AN “IAI”);

 

(b)                                 AGREES THAT IT WILL
NOT RESELL OR OTHERWISE TRANSFER THIS SECURITY EXCEPT (a) TO DANA CORPORATION
OR ANY OF ITS SUBSIDIARIES, (b) TO A PERSON WHO THE SELLER REASONABLY BELIEVES
IS A QIB PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QIB IN A
TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (c) IN AN OFFSHORE
TRANSACTION MEETING THE REQUIREMENTS OF RULE 903 OR 904 OF THE SECURITIES ACT,
(d) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144 UNDER THE SECURITIES
ACT, (e) TO AN IAI THAT, PRIOR TO SUCH TRANSFER, FURNISHES THE TRUSTEE A SIGNED
LETTER CONTAINING

 

A-1

 

CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO
THE TRANSFER OF THIS SECURITY (THE FORM OF WHICH CAN BE OBTAINED FROM THE
TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF A TOTAL PRINCIPAL AMOUNT OF
SECURITIES LESS THAN $250,000, AN OPINION OF COUNSEL ACCEPTABLE TO DANA
CORPORATION THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT, (f) IN
ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL ACCEPTABLE TO DANA
CORPORATION) OR (g) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN
EACH CASE, IN ACCORDANCE WITH THE APPLICABLE SECURITIES LAWS OF ANY STATE OF
THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION; AND

 

(c)                                  AGREES THAT IT WILL
DELIVER TO EACH PERSON TO WHOM THIS SECURITY OR AN INTEREST HEREIN IS
TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND.

 

AS
USED HEREIN, THE TERMS “OFFSHORE TRANSACTION” AND “UNITED STATES” HAVE THE
MEANINGS GIVEN TO THEM BY RULE 902 OF REGULATION S UNDER THE SECURITIES ACT OF
1933. THE INDENTURE CONTAINS A PROVISION REQUIRING THE TRUSTEE TO REFUSE TO
REGISTER ANY TRANSFER OF THIS SECURITY IN VIOLATION OF THE FOREGOING.

 

A-2

 

[Form of Face of Security]

 

DANA CORPORATION

 

CUSIP No. 

 

	
  No.

  	
   

  	
  $

  

 

Dana Corporation, a corporation duly organized and
existing under the laws of the Commonwealth of Virginia (hereinafter called the
“Company”, which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to                           ,
or registered assigns, the principal sum of $            
on                      [IF
THE SECURITY IS TO BEAR INTEREST PRIOR TO MATURITY, INSERT:, “20   
and to pay interest thereon from or from the most recent Interest Payment Date
to which interest has been paid or duly provided for, on                     
and
                      
in each year, commencing on
                  
, at the rate of     % per annum, until the principal hereof
is paid or made available for payment [IF APPLICABLE, INSERT: “, and at the
rate of      % per annum on any overdue principal and
premium and on any overdue installment of interest”.] The interest so payable,
and punctually paid or duly provided for, on any Interest Payment Date will, as
provided in such Indenture, be paid to the Person in whose name this Security (or
one or more Predecessor Securities) is registered at the close of business on
the Regular Record Date for such interest, which will be the
                    
or
                    
(whether or not a Business Day), as the case may be, next preceding such
Interest Payment Date. Any such interest not so punctually paid or duly
provided for will forthwith cease to be payable to the Holder on such Regular
Record Date and may either be paid to the Person in whose name this Security
(or one or more Predecessor Securities) is registered at the close of business
on a Special Record Date for the payment of such Defaulted Interest to be fixed
by the Trustee, notice whereof will be given to Holders of Securities of this
series not less than 10 calendar days prior to such Special Record Date, or be
paid at any time in any other lawful manner not inconsistent with the
requirements of any securities exchange on which the Securities of this series
may be listed, and upon such notice as may be required by such exchange, all as
more fully provided in said Indenture”].

 

[IF THE SECURITY IS NOT TO BEAR INTEREST PRIOR TO
MATURITY, INSERT: “The principal of this Security will not bear interest except
in the case of a default in payment of principal upon acceleration, upon redemption,
or at Stated Maturity, and in such case the overdue principal of this Security
will bear interest at the rate of      % per annum
which will accrue from the date of such default in payment to the date payment
of such principal has been made or duly provided for. Interest on any overdue
principal will be payable on demand. Any such interest on any overdue principal
that is not so paid on demand will bear interest at the rate of      %
per annum which will accrue from the date of such demand for payment to the
date payment of such interest has been made or duly provided for, and such
interest will also be payable on demand.”]

 

Payment of the principal
of (and premium, if any) and [IF APPLICABLE, INSERT: “any such”] interest on
this Security will be made at the office or agency of the Company maintained
for the purpose in
                          ,
in such coin or currency of the United

 

A-3

 

States of America
as at the time of payment is legal tender for payment of public and private
debts [IF APPLICABLE, INSERT: “; provided, however, that at the option
of the Company payment of interest may be made by check mailed to the address
of the Person entitled thereto as such address appears in the Security Register”].

 

REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS
SET FORTH ON THE REVERSE HEREOF. SUCH PROVISIONS WILL FOR ALL PURPOSES HAVE THE
SAME EFFECT AS THOUGH FULLY SET FORTH IN THIS PLACE.

 

This Security will not be valid or become obligatory
for any purpose until the certificate of authentication herein has been signed
manually by the Trustee under the Indenture referred to on the reverse side
hereof.

 

IN WITNESS WHEREOF, THIS INSTRUMENT HAS BEEN DULY
EXECUTED IN ACCORDANCE WITH THE INDENTURE.

 

	
   

  	
  DANA
  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  
	
  Attest:

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
						

 

A-4

 

[Form of Reverse of Security]

 

DANA CORPORATION

 

This Security is one of a duly authorized issue of
securities of the Company (herein called the “Securities”) and to be issued in
one or more series under an Indenture, dated as of December
    , 2004 (herein called the “Indenture”), between the
Company and Citibank, N.A., as Trustee (herein called the “Trustee”, which term
includes any successor trustee under the Indenture), to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of the
respective rights, limitations of rights, duties, and immunities thereunder of
the Company, the Trustee, and the Holders of the Securities and of the terms
upon which the Securities are, and are to be, authenticated and delivered. This
Security is one of the series designated on the face hereof [IF APPLICABLE
INSERT: “initially limited in aggregate principal amount to $[         ]].”

 

[IF APPLICABLE, INSERT: “The Securities of this
series are subject to redemption upon not less than 30 calendar days’ notice by
mail, [IF APPLICABLE, INSERT: “(a) on                          
in
each year commencing with the
           year and ending with
the year              through
operation of the sinking fund for this series at a Redemption Price equal to
100% of the principal amount, and (b)”] at any time [IF APPLICABLE INSERT: “on
or after        ,     “],
as a whole or in part, at the election of the Company, at the following
Redemption Prices (expressed as percentages of the principal amount): If
redeemed [IF APPLICABLE, INSERT: “on or before     %, and
if redeemed during the 12-month period beginning of the years indicated,

 

	
  Year

  	
   

  	
  Redemption Price

  	
   

  	
  Year

  	
   

  	
  Redemption Price

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

and thereafter at a
Redemption Price equal to   % of the principal amount, together in
the case of any such redemption [IF APPLICABLE, INSERT: “whether through
operation of the sinking fund or otherwise)”] with accrued interest to the
Redemption Date, but interest installments whose Stated Maturity is on or prior
to such Redemption Date will be payable to the Holders of such Securities, or
one or more Predecessor Securities, of record at the close of business on the
relevant Record Dates referred to on the face hereof, all as provided in the
Indenture.”].

 

[IF APPLICABLE, INSERT: “The Securities of this
series are subject to redemption upon not less than 30 calendar days’ notice by
mail, [IF APPLICABLE, INSERT: “(a) on                     
in
each year commencing with the year
         and ending with the year              through
operation of the sinking fund for this series at the following Redemption
Prices (expressed as percentages of the principal amount) applicable to
redemption through operation of the sinking fund and (b)”] at any time [IF
APPLICABLE, INSERT: “on or after               ,    ”] as a whole or in
part, at the election of the Company, at the following Redemption Prices (expressed
as percentages of the principal amount) applicable to redemption otherwise than
through operation of the sinking fund: If redeemed [IF APPLICABLE, INSERT: “on
or before,     %, and if redeemed”] during the 12-month
period beginning           of the
years indicated,

 

A-5

 

	
  Year

  	
   

  	
  Redemption Price For

  Redemption Through

  Operation of the

  Sinking Fund

  	
   

  	
  Redemption Price For

  Redemption Otherwise

  Than Through Operation

  of the Sinking Fund

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

and thereafter at a
Redemption Price equal to   % of the principal amount, together in
the case of any such redemption (whether through operation of the sinking fund
or otherwise) with accrued interest to the Redemption Date, but interest
installments whose Stated Maturity is on or prior to such Redemption Date will
be payable to the Holders of such Securities, or one or more Predecessor
Securities, of record at the close of business on the relevant Record Dates
referred to on the face hereof, all as provided in the Indenture.”].

 

[IF APPLICABLE, INSERT: Notwithstanding the
foregoing, the Company may not, prior to
         redeem any Securities of
this series as contemplated by [IF APPLICABLE, INSERT: “Clause (b) of] the
preceding paragraph as a part of, or in anticipation of, any refunding
operation by the application, directly or indirectly, of moneys borrowed having
an interest cost to the Company (calculated in accordance with generally
accepted financial practice) of less than   % per annum.”]

 

[IF APPLICABLE INSERT: “The sinking fund for this
series provides for the redemption on
              
in each year beginning with the year        and
ending with the year
           of [IF APPLICABLE,
INSERT: not less than $           
(“mandatory sinking fund”) and not more than “] $         
aggregate principal amount of Securities of this series.

 

Securities of this series acquired or redeemed by
the Company otherwise than through [IF APPLICABLE, INSERT: “mandatory”] sinking
fund payments may be credited against subsequent [IF APPLICABLE, INSERT:
“mandatory”] sinking fund payments otherwise required to be made [IF
APPLICABLE, INSERT: “in the inverse order in which they become due”].”].

 

[IF THE SECURITY IS SUBJECT TO REDEMPTION OF ANY
KIND., insert: “In the event of redemption of this Security in part only, a new
Security or Securities of this series and of like tenor for the unredeemed
portion hereof will be issued in the name of the Holder hereof upon the
cancellation hereof.”]

 

[IF APPLICABLE, INSERT: “The Indenture contains
provisions for defeasance at any time of (a) the entire indebtedness evidenced
by this Security or (b) certain restrictive covenants and Events of Default
with respect to this Security, in each case upon compliance with certain
conditions set forth in the Indenture.”]

 

[IF THE SECURITY IS NOT AN ORIGINAL ISSUE DISCOUNT
SECURITY, INSERT: “If an Event of Default with respect to Securities of this
series shall occur and be continuing, the principal of the Securities of this
series may be declared due and payable in the manner and with the effect
provided in the Indenture.”]

 

A-6

 

[IF THE SECURITY IS AN ORIGINAL ISSUE DISCOUNT
SECURITY, INSERT: “If an Event of Default with respect to Securities of this
series shall occur and be continuing, an amount of principal of the Securities
of this series may be declared due and payable in the manner and with the
effect provided in the Indenture. Such amount will be equal to [INSERT FORMULA
FOR DETERMINING THE AMOUNT]. Upon payment (a) of the amount of principal so
declared due and payable and (b) of interest on any overdue principal and
overdue interest, all of the Company’s obligations in respect of the payment of
the principal of and interest, if any, on the Securities of this series will
terminate.”]

 

The Indenture permits, with certain exceptions as
therein provided, the amendment thereof and the modification of the rights and
obligations of the Company and the rights of the Holders of the Securities of
each series to be affected under the Indenture at any time by the Company and
the Trustee with the consent of the Holders of a majority in principal amount
of the Securities at the time Outstanding of each series to be affected. The
Indenture also contains provisions permitting the Holders of specified
percentages in principal amount of the Securities of each series at the time
Outstanding, on behalf of the Holders of all Securities of such series, to
waive compliance by the Company with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Security will be conclusive and binding
upon such Holder and upon all future Holders of this Security and of any
Security issued upon the registration of transfer hereof or in exchange herefor
or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Security.

 

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

 

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

 

As provided in the Indenture and subject to certain
limitations therein set forth, the transfer of this Security is registrable in
the Security Register, upon surrender of this Security for registration of
transfer at the office or agency of the Company in any place where the
principal of and any premium and interest on this Security are payable, duly
endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Company and the Security.

 

A-7

 

Registrar duly
executed by, the Holder hereof or his attorney duly authorized in writing, and
thereupon one or more new Securities of this series and of like tenor, of
authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees.

 

Pursuant to, but subject to the exceptions in, a
Registration Rights Agreement, the Company may be obligated to use its
reasonable best efforts to consummate an Exchange Offer pursuant to which the
Holder of this Security shall have the right to exchange this Security for a
Security of the Company with the same maturity which shall have been registered
under the Securities Act, in like principal amount and having terms identical
in all material respects to this Security (except that such Security shall not
be entitled to additional interest and shall not contain terms with respect to
transfer restrictions). The Holders shall be entitled to receive certain
additional interest in the event such Exchange Offer is not consummated or the
Securities are not offered for resale and upon certain other conditions, all
pursuant to and in accordance with the terms of the Registration Rights
Agreement.(3)

 

The Securities of this series are issuable only in
fully registered form without coupons, in a minimum denomination of U.S.$2,000
and integral multiples of $1,000 above that (or comparable amounts in foreign
currency). As provided in the Indenture and subject to certain limitations
therein set forth, Securities of this series are exchangeable for a like
aggregate principal amount of Securities of this series and of like tenor of a
different authorized denomination, as requested by the Holder surrendering the
same.

 

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

 

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

 

Pursuant to a recommendation promulgated by the
Committee on Uniform Security Identification Procedures, the Company has caused
CUSIP numbers to be printed on the Securities and the Trustee may use CUSIP
numbers in notices of redemption as a convenience to the Holders. No representation
is made as to the accuracy of such numbers either as printed on the Securities
or as contained in any notice of redemption and reliance may be placed only on
the other identification numbers placed thereon.

 

(3)                                  This Section not to
appear on Exchange Securities or Additional Securities unless required by the terms
of such Additional Securities.

 

A-8

 

All terms used in this Security that are defined in
the Indenture will have the respective meanings assigned to them in the
Indenture.

 

A-9

 

ASSIGNMENT FORM

 

To assign this Security, fill in the form below: (I)
or (we) assign and transfer this Security to

 

	
   

  
	
  (Insert assignee’s soc. sec. or tax I.D. no.)

  
	
   

  
	
   

  
	
   

  
	
  (Print or type assignee’s name, address and zip
  code)

  
	
   

  
	
  and
  irrevocably appoint

  
	
   

  
	
   

  
	
  to
  transfer this Security on the books of the Company. The agent may substitute
  another to act for him.

  

 

	
  Date:

  	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Your
  Signature:

  	
   

  
	
   

  	
   

  	
  (Sign
  exactly as your name appears on the face of this Security)

  
	
   

  	
   

  
	
  Signature guarantee:

  	
   

  
						

 

A-10

 

CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR

REGISTRATION OF TRANSFER RESTRICTED SECURITIES

 

DANA CORPORATION

4500 Dorr Street

Toledo, Ohio 43615

 

Attention: Chief
Financial Officer

 

[INSERT TRUSTEE]

 

 

Attention:
Corporate Trust Administration

 

Re:
CUSIP #

 

Reference is hereby
made to that certain Indenture dated
               ,
2004 (the “Indenture”) between Dana
Corporation (the “Company”) and Citibank, N.A., as
trustee (the “Trustee”). Capitalized terms used
but not defined herein shall have the meanings set forth in the Indenture.

 

This certificate
relates to $            
principal amount of Securities held in (check applicable space)
          book-entry or
          definitive form by the
undersigned.

 

The undersigned
                        
(transferor) (check one box below):

 

o                                    hereby requests the
Security Registrar to deliver in exchange for its beneficial interest in the Global
Security held by the Depository a Security or Securities in definitive,
registered form of authorized denominations and an aggregate principal amount
equal to its beneficial interest in such Global Security (or the portion
thereof indicated above), in accordance with the Indenture;

 

o                                    hereby requests the
Trustee to exchange or register the transfer of a Security or Securities to
            (transferee).

 

In connection with
any transfer of any of the Securities evidenced by this certificate occurring prior
to the expiration of the periods referred to in Rule 144(k) under the
Securities Act of 1933, as amended, the undersigned confirms that such
Securities are being transferred in accordance with its terms:

 

CHECK ONE BOX
BELOW:

 

(1)                                  o                                    to the Company or
any of its subsidiaries; or

 

(2)                                  o                                    pursuant to an
effective registration statement under the Securities Act of 1933, as amended;
or

 

A-11

 

(3)                                  o                                    inside the United
States to a “qualified institutional buyer” (as defined in Rule 144A under the
Securities Act of 1933, as amended) that purchases for its own account or for
the account of a qualified institutional buyer to whom notice is given that
such transfer is being made in reliance on Rule 144A under the Securities Act
of 1933, as amended, in each case pursuant to and in compliance with Rule 144A
thereunder.

 

(4)                                  o                                    inside the United
States to an institutional “accredited investor” (as defined in Rule 501(a)(l),
(2), (3) or (7) under the Securities Act of 1933, as amended) that has
furnished to the Trustee a signed letter containing certain representations and
agreements (the form of which letter is attached to the Indenture as Exhibit D
and which may be obtained from the Trustee); or

 

(5)                                  o                                    outside the United
States in an offshore transaction within the meaning of Regulation S under the
Securities Act of 1933, as amended, in compliance with Rule 904 thereunder.

 

Unless one of the boxes is checked, the
Security Registrar will refuse to register any of the Securities evidenced by
this certificate in the name of any person other than the registered holder
thereof.

 

	
   

  	
   

  
	
   

  	
  Signature

  
	
   

  
	
  Signature
  Guarantee:

  	
   

  
	
  (Signature must be guaranteed by a participant in
  a recognized signature guarantee medallion program)

  
			

 

TO BE COMPLETED BY PURCHASER IF (3) ABOVE IS
CHECKED.

 

The undersigned represents and warrants that it is
purchasing this Security for its own account or an account with respect to
which it exercises sole investment discretion and that it and any such account
is a “qualified institutional buyer” within the meaning of Rule 144 A under the
Securities Act of 1933, as amended (“Rule 144A”), and is aware that the sale to
it is being made in reliance on Rule 144A and acknowledges that it has received
such information regarding the Company as the undersigned has requested
pursuant to Rule 144A or has determined not to request such information and
that it is aware that the transferor is relying upon the undersigned’s
foregoing representations in order to claim the exemption from registration
provided by Rule 144A.

 

 

	
   

  	
  [Name of Transferee]

  
	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  NOTICE:
  To be executed by an executive officer

  
					

 

A-12

 

SCHEDULE OF EXCHANGES OF SECURITIES

 

The following exchanges of a part of this Global
Security for other Securities have been made:

 

 

	
  Date of

  Exchange

  	
   

  	
  Amount of

  Decrease in

  Principal

  Amount of this

  Global Security

  	
   

  	
  Amount of

  Increase in

  Principal

  Amount of this

  Global Security

  	
   

  	
  Principal

  Amount of this

  Global Security

  Following Such

  Decrease (or

  Increase)

  	
   

  	
  Signature of

  Authorized

  Officer of

  Trustee or

  Custodian

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

A-13

 

EXHIBIT B

 

[FORM OF CERTIFICATE TO BE DELIVERED

IN CONNECTION WITH TRANSFERS PURSUANT TO RULE 144A]

 

Dana Corporation

4500 Dorr Street

Toledo, Ohio 43615

 

Attention: Chief
Financial Officer

 

[INSERT TRUSTEE]

 

 

 

Attention:
Corporate Trust Administration

 

Re:                               Dana Corporation
(the “Company”)

Securities due 20   (the “Securities”)

 

Ladies and
Gentlemen:

 

In
connection with our proposed sale of $            
aggregate principal amount at maturity of the Securities, we hereby certify
that such transfer is being effected pursuant to and in accordance with Rule
144A (“Rule 144A”) under the United States Securities Act of 1933, as amended
(the “Securities Act”), and, accordingly, we hereby further certify that the
Securities are being transferred to a person that we reasonably believe is
purchasing the Securities for its own account, or for one or more accounts with
respect to which such person exercises sole investment discretion, and such
person and each such account is a “qualified institutional buyer” within the
meaning of Rule 144A in a transaction meeting the requirements of Rule 144A and
such Securities are being transferred in compliance with any applicable blue
sky securities laws of any state of the United States.

 

You and the Company are entitled to rely upon this
letter and are irrevocably authorized to produce this letter or a copy hereof
to any interested party in any administrative or legal proceedings or official
inquiry with respect to the matters covered hereby.

 

	
   

  	
  Very
  truly yours,

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
      [Name of
  Transferor]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Authorized Signature

  	
   

  

 

B-1

 

EXHIBIT C

 

[FORM OF CERTIFICATE TO BE DELIVERED

IN
CONNECTION WITH TRANSFERS

PURSUANT TO REGULATION S]

 

Dana Corporation

4500 Dorr Street

Toledo, Ohio 43615

 

Attention: Chief
Financial Officer

 

[ INSERT TRUSTEE ]

 

 

 

Attention:
Corporate Trust Administration

 

Re:                               Dana Corporation (the “Company”)

Securities due 20   (the “Securities”)

 

Ladies and
Gentlemen:

 

In
connection with our proposed sale of $            
aggregate principal amount of the Securities, we confirm that such sale has
been effected pursuant to and in accordance with Regulation S under the United
States Securities Act of 1933, as amended (the “Securities Act”), and,
accordingly, we represent that:

 

(1)                                  the offer of the
Securities was not made to a person in the United States;

 

(2)                                  either (a) at the
time the buy order was originated, the transferee was outside the United States
or we and any person acting on our behalf reasonably believed that the
transferee was outside the United States or (b) the transaction was executed
in, on or through the facilities of a designated offshore securities market and
neither we nor any person acting on our behalf knows that the transaction has
been prearranged with a buyer in the United States;

 

(3)                                  no directed selling
efforts have been made in the United States in contravention of the
requirements of Rule 903(b) or Rule 904(b) of Regulation S, as applicable; and

 

(4)                                  the transaction is
not part of a plan or scheme to evade the registration requirements of the
Securities Act.

 

In addition, if the sale is made during a restricted
period and the provisions of Rule 903(c)(3) or Rule 904(c)(1) of Regulation S
are applicable thereto, we confirm that such

 

B-1

 

sale has been made
in accordance with the applicable provisions of Rule 903(c)(3) or Rule
904(c)(l), as the case may be.

 

The Company and you are entitled to rely upon this
letter and are irrevocably authorized to produce this letter or a copy hereof
to any interested party in any administrative or legal proceedings or official
inquiry with respect to the matters covered hereby. Terms used in this
certificate have the meanings set forth in Regulation S.

 

	
   

  	
  Very
  truly yours,

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  [Name of Transferor]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Authorized Signature

  	
   

  

 

A-2

 

EXHIBIT D

 

[FORM OF CERTIFICATE TO BE DELIVERED IN CONNECTION

WITH TRANSFER TO INSTITUTIONAL ACCREDITED INVESTORS]

 

Dana Corporation

4500 Dorr Street

Toledo, Ohio 43615

 

Attention: Chief
Financial Officer

 

Dear Ladies and
Gentlemen:

 

This certificate is
delivered to request a transfer of $           
principal amount of the         %
Securities due 20   (the “Securities”) of Dana Corporation (the
“Company”).

 

Upon transfer, the Securities would be registered in
the name of the new beneficial owner as follows:

 

	
  Name:

  	
   

  
	
   

  
	
  Address:

  	
   

  
	
   

  
	
  Taxpayer
  ID Number:

  	
   

  
				

 

The undersigned represents and warrants to you that:

 

1.                                       We are an
institutional “accredited investor” (as defined in Rule 501(a)(l), (2), (3) or
(7) under the Securities Act of 1933, as amended (the “Securities Act”)), and
we are acquiring the Securities not with a view to, or for offer or sale in
connection with, any distribution in violation of the Securities Act. We have
such knowledge and experience in financial and business matters as to be
capable of evaluating the merits and risk of our investment in the Securities
and invest in or purchase Securities similar to the Securities in the normal
course of our business. We and any accounts for which we are acting are each
able to bear the economic risk of our or its investment.

 

2.                                       We understand that
the Securities have not been registered under the Securities Act and, unless so
registered, may not be sold except as permitted in the following sentence. We
agree on our own behalf and on behalf of any investor account for which we are
purchasing Securities to offer, sell or otherwise transfer such Securities
prior to the later of the date which is two years after (X) the later of (A)
the date of original issue or (B) the date on which this Security was acquired
from an affiliate of the Company or (Y) the date that is three months after the
last date on which the Company or any affiliate of the Company was the owner of
such Securities (or any predecessor thereto) only (a) to Dana Corporation or
any subsidiary thereof,

 

C-1

 

(b) inside the
United States to a Qualified Institutional Buyer in compliance with Rule 144A
under the Securities Act, (c) inside the United States to an Accredited
Investor that, prior to such transfer, furnishes (or has furnished on its
behalf by a U.S. Broker-Dealer) to the Trustee a signed letter containing
certain representations and agreements relating to the restrictions on transfer
of this security (the form of which letter can be obtained from the Trustee for
this Security), (d) outside the United States in an offshore transactions in
compliance with Rule 904 under the Securities Act (if available), (e) pursuant
to the exemption from registration provided by Rule 144 under the Securities
Act (if available), (f) in accordance with another exemption from the
registration requirements of the Securities Act (and based upon an opinion of
counsel if Dana Corporation so requests), or (g) pursuant to an effective
registration statement under the Securities Act, subject in each of the
foregoing cases to any requirement of law that the disposition of our property
or the property of such investor account or accounts be at all times within our
or their control and in compliance with any applicable state securities laws.
In connection with any transfer of this security prior to the later of the date
which is two years after (X) the later of (A) the date of original issue or (B)
the date on which this Security was acquired from an affiliate of the Company
or (Y) the date that is three months after the last date on which the Company
or any affiliate of the Company was the owner of such Securities (or any
predecessor thereto), pursuant to clause (c), (d) or (f) above if the holder
must, prior to such transfer, furnish to the Trustee and Dana Corporation such
certifications, legal opinions or other information as either of them may
reasonably require to confirm that such transfer is being made pursuant to an
exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act. As used herein, the terms “offshore
transaction,” “United States” and “U.S. person” have the meaning given to them
by Regulation S under the Securities Act.

 

	
  TRANSFEREE:  

  	
   

  
	
   

  	
   

  
	
  BY  

  	
   

  

 

C-2Exhibit 4-T(1)

 

 

 

DANA CORPORATION

 

 

5.85% Senior Notes due 2015

 

 

 

First Supplemental Indenture

 

Dated as of December 10, 2004

 

 

 

CITIBANK, N.A.,

as Trustee

 

 

 

 

TABLE OF CONTENTS

 

	
  ARTICLE ONE

  
	
   

  
	
  THE 5.85% SENIOR NOTES DUE JANUARY 15, 2015

  
	
   

  
	
  Section
  1.01.

  	
  Designation
  of Securities

  	
   

  
	
  Section
  1.02.

  	
  Other
  Terms of the Securities

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE TWO

  
	
   

  
	
  CERTAIN DEFINITIONS

  
	
   

  
	
  Section
  2.01.

  	
  Definitions

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE THREE

  
	
   

  
	
  ADDITIONAL TERMS

  
	
   

  
	
  Section
  3.01.

  	
  Optional
  Redemption

  	
   

  
	
  Section
  3.02.

  	
  Issuance
  of Additional Notes

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE FOUR

  
	
   

  
	
  MISCELLANEOUS

  
	
   

  
	
  Section
  4.01.

  	
  Amendment
  and Supplement

  	
   

  
	
  Section
  4.02.

  	
  Indenture

  	
   

  
	
  Section
  4.03.

  	
  Governing
  Law

  	
   

  
	
  Section
  4.04.

  	
  No
  Adverse Interpretation of Other Agreements

  	
   

  
	
  Section
  4.05.

  	
  Successors
  and Assigns

  	
   

  
	
  Section
  4.06.

  	
  Duplicate
  Originals

  	
   

  
	
  Section
  4.07.

  	
  Severability

  	
   

  
	
  Section
  4.08.

  	
  Trustee
  Not Responsible for Recitals or Issuance of Notes

  	
   

  

 

	
  Exhibits

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Exhibit
  A

  	
  -

  	
  Form
  of Note

  	
   

  
	
  Exhibit
  B

  	
  -

  	
  Form
  of Certificate To Be Delivered in Connection with Transfers Pursuant to Rule
  144A

  	
   

  
	
  Exhibit
  C

  	
  -

  	
  Form
  of Certificate To Be Delivered in Connection with Transfers Pursuant to
  Regulation S

  	
   

  
	
  Exhibit
  D

  	
  -

  	
  Form
  of Certificate To Be Delivered in Connection with Transfers to Institutional
  Accredited Investors

  	
   

  

 

i

 

FIRST
SUPPLEMENTAL INDENTURE dated of December 10; 2004 (this “Supplemental
Indenture”) by and between DANA CORPORATION, a Virginia corporation
(the “Company”), and CITIBANK, NA., as trustee
under the Indenture with respect to the Securities (as defined below) (the “Trustee”).

 

Each party
agrees as follows for the benefit of the other party and for the equal and
ratable benefit of the holders of Securities:

 

WHEREAS, the
Company and the Trustee are parties to that certain Indenture (the “Base Indenture”, as supplemented by this Supplemental
Indenture, the “Indenture”) dated as of December
10, 2004 providing for the issuance from time to time of securities (“Securities”) to be issued in one or more series;

 

WHEREAS, the
Company desires and has requested the Trustee to join it in the execution and
delivery of this Supplemental Indenture in order to establish and provide for
the issuance by the Company of a series of Securities, designated as its 5.85%
Senior Notes due 2015 (the “Initial Notes”)
and if and when issued as provided in a Registration Rights Agreement of the
Company, notes to be issued in exchange for the Initial Notes of the same
maturity (the “Exchange Notes” and together with
the Initial Notes, the “Notes”), in an
initial aggregate principal amount of $450,000,000. The Notes shall be
substantially in the form attached hereto as Exhibit A.

 

WHEREAS,
Section 10.01 of the Indenture provides that a supplemental indenture may be
entered into by the Company and the Trustee without the consent of any Holders to
establish the form or terms of Securities of any Series as permitted by Section
2.02 of the Indenture;

 

WHEREAS, the
conditions set forth in the Indenture for the execution and delivery of this
Supplemental Indenture have been complied with; and

 

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

 

NOW,
THEREFORE, in consideration of the premises and the purchase and acceptance of
the Securities by the holders thereof, the Company covenants and agrees with
the Trustee, for the equal and ratable benefit of the Holders, that the
Indenture is supplemented and amended, to the extent expressed herein, as
follows:

 

ARTICLE
ONE

 

THE 5.85% SENIOR NOTES DUE JANUARY 15, 2015

 

Section 1.01.                                                     Designation
of Securities.

 

The changes,
modifications and supplements to the Base Indenture effected by this
Supplemental Indenture shall be applicable only with respect to, and govern the
terms of, the Notes, which shall not be limited in aggregate principal amount,
and shall not apply to any other

 

 

Securities that have been or
may be issued under the Indenture unless a supplemental indenture with respect
to such other Securities specifically incorporates such changes, modifications
and supplements. Pursuant to this Supplemental Indenture, there is hereby
created and designated a series of Securities under the Indenture, entitled “5.85%
Senior Notes due January 15, 2015.” The Securities of this series shall be in
the form of Exhibit A hereto. Subject to the terms in the Base
Indenture, as supplemented by this Supplemental Indenture, the Company may, at
its option, without consent from the Holders, issue additional Notes from time
to time. For all purposes under the Indenture, the term “Notes” shall include
the Notes initially issued on the date of original issuance of the Notes and
any other Notes issued after such date under the Indenture, as supplemented
hereby.

 

Section 1.02.                                                     Other
Terms of the Securities.

 

Without
limiting the foregoing provisions of this Article One, the terms of the Notes
shall be as set forth in the form of Notes set forth in Exhibit A hereto
and as provided in the Base Indenture, as supplemented hereby.

 

The Notes
shall be payable and may be presented for payment, purchase, conversion,
registration of transfer and exchange, without service charge, at the office of
the Company maintained for such purpose in New York, New York, which shall initially
be the office or agency of the Trustee.

 

ARTICLE
TWO

 

CERTAIN DEFINITIONS

 

Section 2.01.                                                     Definitions.

 

(a)                                  The
following terms have the meanings set forth below in this Supplemental
Indenture. Capitalized terms used but not otherwise defined herein shall have
the meanings ascribed to such terms in the Base Indenture. To the extent terms
defined herein differ from the Base Indenture, the terms defined herein will
govern.

 

“Additional Notes” means Notes (other than the Initial Notes
or Exchange Notes) issued pursuant to Section 2 of the Base Indenture and
otherwise in compliance with the provisions of this Indenture.

 

“Make-Whole Amount” means the amount by which (1) the
aggregate present value (as of the redemption date) of the principal being
redeemed and the remaining payments of interest to the stated maturity date
(excluding the interest that accrued before the redemption date) payable on
that principal had the redemption not been made, determined by discounting the
principal and interest on a semi-annual basis at the Reinvestment Rate from the
dates on which the principal and interest would have been payable to the
redemption date, exceeds (2) the aggregate principal amount of the Notes being
redeemed.

 

2

 

“Reinvestment Rate” the “Reinvestment Rate”
is equal to the Treasury Yield plus a percentage specified in the Note.

 

“Statistical Release” means the release designated “H.15(519)”
or any successor publication published weekly by the Board of Governors of the
Federal Reserve System which reports yields on actively traded United States
government securities adjusted to constant maturities.

 

“Treasury Yield” means the yield on Treasury securities at a
constant maturity corresponding to the remaining life to the stated maturity
(as of the redemption date, rounded to the nearest month) of the principal
being redeemed. The Treasury Yield will equal the arithmetic mean of the yields
published in the Statistical Release under the heading “Week Ending” for “U.S.
Government Securities — Treasury Constant Maturities” with a maturity equal to
such remaining life. If no published maturity exactly corresponds with such
remaining life, then the Company will interpolate or extrapolate the Treasury
Yield on a straight-line basis from the arithmetic mean of the yields for the
next shortest and next longest published maturities.

 

(b)                                 For
all purposes of the Indenture, except as otherwise expressly provided or unless
the context otherwise requires, the terms defined in this Article Two have the
meanings assigned to them in this Article, and include the plural, as well as
the singular.

 

ARTICLE
THREE

 

ADDITIONAL TERMS

 

Section 3.01.                                                     Optional
Redemption

 

(a)                                  The
Notes are subject to redemption at any time, in whole or in part, upon at least
30 calendar days’ notice by mail. The Company will pay a redemption price equal
to the sum of the principal amount of the Notes being redeemed, plus any
interest that accrued before the redemption date, and any Make-Whole Amount
with respect to the Notes. Interest installments on a Note specified to be due
on or before such redemption date will be payable to the Holders of record on
the relevant record date.

 

(b)                                 The
Reinvestment Rate shall be determined on the third business day before the
notice of redemption is given to participants.

 

(c)                                  If
no Statistical Release is published at the time of any redemption of the
Securities or if the format or content of the statistical release changes so as
to preclude a determination of the Treasury Yield pursuant to paragraph (a) of
this Section 3.01, the Company will designate a reasonably comparable index.
For calculating the Reinvestment Rate, the Company will use the most recent
statistical release published before the date of determination of the Make-Whole
Amount.

 

Section 3.02.                                                     Issuance
of Additional Notes.

 

The Company
shall be entitled to issue Additional Notes under this Supplemental Indenture
that shall have identical terms as the Initial Notes, other than with respect
to the date of

 

3

 

issuance, issue price and
amount of interest payable on the first interest payment date applicable
thereto (and, if such Additional Notes shall be issued in the form of Transfer
Restricted Securities, other than with respect to transfer restrictions, any
registration rights agreement and additional interest with respect thereto).
The Initial Notes and any Additional Notes and all Exchange Notes shall be
treated as a single class for all purposes under this Indenture.

 

With respect
to any Additional Notes, the Company shall set forth in a resolution of its
Board of Directors a copy of each of which shall be delivered to the Trustee,
the following information:

 

(1)                                  the
aggregate principal amount of such Additional Notes to be authenticated and
delivered pursuant to this Indenture;

 

(2)                                  the
issue price, the Issue Date, the CUSIP number of such Additional Notes, the
first interest payment date and the amount of interest payable on such first
interest payment date applicable thereto and the date from which interest shall
accrue; and

 

(3)                                  whether
such Additional Notes shall be Transfer Restricted Notes.

 

ARTICLE
FOUR

 

MISCELLANEOUS

 

Section 4.01.                                                     Amendment
and Supplement.

 

This
Supplemental Indenture or the Notes may be amended or supplemented as provided
for in the Base Indenture.

 

Section 4.02.                                                     Indenture.

 

In the event
of any conflict between this Supplemental Indenture and the Base Indenture, the
provisions of this Supplemental Indenture shall prevail.

 

Section 4.03.                                                     Governing
Law.

 

The laws of
the State of New York shall govern this Supplemental indenture and the Notes of
the Series created hereby.

 

Section 4.04.                                                     No
Adverse Interpretation of Other Agreements.

 

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

 

4

 

Section 4.05.                                                     Successors
and Assigns.

 

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

 

Section 4.06.                                                     Duplicate
Originals.

 

This
Supplemental Indenture may be executed in counterparts, each of which shall be
an original, but such counterparts shall together constitute but one instrument.

 

Section 4.07.                                                     Severability.

 

In case any
one or more of the provisions contained in this Supplemental Indenture or in
the Notes 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 Supplemental Indenture or of the Notes.

 

Section 4.08.                                                     Trustee
Not Responsible for Recitals or Issuance of Notes.

 

The recitals
contained herein and in the Notes, except the Trustee’s certificates of
authentication, shall be taken as the statements of the Company, and the Trustee
assumes no responsibility for their correctness. The Trustee makes no
representations as to the validity or sufficiency of this Supplemental
Indenture or of the Notes. The Trustee shall not be accountable for the use or
application by the Company of the Notes or the proceeds thereof.

 

[Signature Pages Follow]

 

5

 

SIGNATURES

 

IN WITNESS
WHEREOF, the parties have caused this Supplemental Indenture to be duly
executed, all as of the date first above written.

 

	
   

  	
  DANA
  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ A. Glenn
  Paton

  	
   

  
	
   

  	
   

  	
  Name:

  	
  A. Glenn
  Paton

  
	
   

  	
   

  	
  Title:

  	
  Vice
  President-Treasurer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CITIBANK,
  N.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ P. De
  Felice

  	
   

  
	
   

  	
   

  	
  Name:

  	
  P. De Felice

  
	
   

  	
   

  	
  Title:

  	
  Vice
  President

  
					

 

D-1

 

EXHIBIT A

 

FORM OF NOTE

 

[Global Notes Legend]

 

THIS SECURITY
IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED
TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS
SECURITY MAY NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED FOR SECURITIES
REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN THE DEPOSITARY OR A NOMINEE THEREOF,
AND NO SUCH TRANSFER MAY BE REGISTERED, EXCEPT IN THE LIMITED CIRCUMSTANCES
DESCRIBED IN THE INDENTURE. EVERY SECURITY AUTHENTICATED AND DELIVERED UPON
REGISTRATION OF, TRANSFER OF, OR IN EXCHANGE FOR, OR IN LIEU OF, THIS SECURITY
WILL BE A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN SUCH LIMITED
CIRCUMSTANCES.

 

[Restricted Notes Legend]

 

THIS NOTE (OR ITS PREDECESSOR) HAS NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY,
MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED WITHIN THE UNITED
STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS, EXCEPT AS SET
FORTH IN THE NEXT SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL
INTEREST HEREIN, THE HOLDER:

 

(a)                                  REPRESENTS
THAT (a) IT IS A “QUALIFIED INSTITUTION BUYER” (AS DEFINED IN RULE 144A UNDER
THE SECURITIES ACT) (A “QIB”), (b) IT HAS ACQUIRED THIS NOTE IN AN OFFSHORE
TRANSACTION IN COMPLIANCE WITH REGULATION S UNDER THE SECURITIES ACT OR (c) IT IS
AN INSTITUTIONAL “ACCREDITED INVESTOR” (AS DEFINED IN RULE 501(a)(1), (2), (3)
OR (7) OR REGULATION D UNDER THE SECURITIES ACT) (AN “IAI”);

 

(b)                                 AGREES
THAT IT WILL NOT RESELL OR OTHERWISE TRANSFER THIS NOTE EXCEPT (a) TO DANA
CORPORATION OR ANY OF ITS SUBSIDIARIES, (b) TO A PERSON WHO THE SELLER
REASONABLY BELIEVES IS A QIB PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT
OF A QIB IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (c) IN AN
OFFSHORE TRANSACTION MEETING THE REQUIREMENTS OF RULE 903 OR 904 OF THE
SECURITIES ACT, (d) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144 UNDER
THE SECURITIES ACT, (e) TO AN IAI THAT, PRIOR TO SUCH TRANSFER,

 

A-1

 

FURNISHES THE
TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS
RELATING TO THE TRANSFER OF THIS NOTE (THE FORM OF WHICH CAN BE OBTAINED FROM
THE TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF A TOTAL PRINCIPAL AMOUNT OF
NOTES LESS THAN $250,000, AN OPINION OF COUNSEL ACCEPTABLE TO DANA CORPORATION
THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT, (f) IN ACCORDANCE
WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
(AND BASED UPON AN OPINION OF COUNSEL ACCEPTABLE TO DANA CORPORATION) OR (g) PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN ACCORDANCE WITH
THE APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER
APPLICABLE JURISDICTION; AND

 

(c)                                  AGREES
THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS NOTE OR AN INTEREST HEREIN IS
TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND.

 

AS USED HEREIN, THE TERMS “OFFSHORE
TRANSACTION” AND “UNITED STATES” HAVE THE MEANINGS GIVEN TO THEM BY RULE 902 OF
REGULATION S UNDER THE SECURITIES ACT OF 1933. THE INDENTURE CONTAINS A
PROVISION REQUIRING THE TRUSTEE TO REFUSE TO REGISTER ANY TRANSFER OF THIS NOTE
IN VIOLATION OF THE FOREGOING.

 

A-2

 

[Form of Face of Note]

 

DANA CORPORATION

 

CUSIP No.

 

	
  No.

  	
   

  	
  $

  

 

Dana
Corporation, a corporation duly organized and existing under the laws of the
Commonwealth of Virginia (hereinafter called the “Company”, which term includes
any successor Person under the Indenture hereinafter referred to), for value
received, hereby promises to pay to                                 ,
or registered assigns, the principal sum of $            
on January 15, 2015 and to pay interest thereon on January 15 and July 15 in
each year, commencing on July 15, 2005, at the rate of 5.85% per annum, until
the principal hereof is paid or made available for payment, and at the rate
equal to the coupon rate for each Note, compounded semi-annually, on any
overdue principal and premium and on any overdue installment of interest. The
interest so payable, and punctually paid or duly provided for, on any Interest
Payment Date will, as provided in such Indenture, be paid to the Person in
whose name this Note (or one or more Predecessor Notes) is registered at the
close of business on the Regular Record Date for such interest, which will be
the January 1 or July 1 (whether or not a Business Day), as the case may be,
next preceding such Interest Payment Date. Any such interest not so punctually
paid or duly provided for will forthwith cease to be payable to the Holder on
such Regular Record Date and may either be paid to the Person in whose name
this Note (or one or more Predecessor Notes) is registered at the close of
business on a Special Record Date for the payment of such Defaulted Interest to
be fixed by the Trustee, notice whereof will be given to Holders of Notes of
this series not less than 10 calendar days prior to such Special Record Date, or
be paid at any time in any other lawful manner not inconsistent with the
requirements of any Notes exchange on which the Notes of this series may be
listed, and upon such notice as may be required by such exchange, all as more
fully provided in said Indenture.

 

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

 

REFERENCE IS
HEREBY MADE TO THE FURTHER PROVISIONS SET FORTH ON THE REVERSE HEREOF. SUCH
PROVISIONS WILL FOR ALL PURPOSES HAVE THE SAME EFFECT AS THOUGH FULLY SET FORTH
IN THIS PLACE.

 

This Note will
not be valid or become obligatory for any purpose until the certificate of
authentication herein has been signed manually by the Trustee under the
Indenture referred to on the reverse side hereof.

 

IN WITNESS
WHEREOF, THIS INSTRUMENT HAS BEEN DULY EXECUTED IN ACCORDANCE WITH THE
INDENTURE.

 

A-3

 

[Form of Reverse of Note]

 

DANA CORPORATION

 

This Note is
one of a duly authorized issue of Notes of the Company (herein called the “Notes”)
and to be issued in one or more series under an indenture, dated as of December
10, 2004 (herein called the “Base Indenture”) as supplemented by a Supplemental
Indenture, dated as of December 10, 2004 (the “Supplemental Indenture” and
together with the Base Indenture, the “Indenture”), between the Company and
Citibank, N.A., as Trustee (herein called the “Trustee”, which term includes
any successor trustee under the Indenture), to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of the
respective rights, limitations of rights, duties, and immunities thereunder of
the Company, the Trustee, and the Holders of the Notes and of the terms upon
which the Notes are, and are to be, authenticated and delivered. This Note is
one of the series designated on the face hereof, initially limited in aggregate
principal amount to $450 million.

 

The Notes of
this series are subject to redemption at any time, in whole or in part, upon at
least 30 calendar days’ notice by mail. The Company will pay a redemption price
equal to the sum of the principal amount of the Notes being redeemed (plus any
interest that accrued before the redemption date) and any “make-whole amount”
with respect to the Notes. Interest installments on a Note specified to be due
on or before such redemption date will be payable to the Holders of record on
the relevant record date.

 

The “make-whole
amount” means the amount by which (1) the aggregate present value (as of the
redemption date) of the principal being redeemed and the remaining payments of
interest to the stated maturity date (excluding the interest that accrued
before the redemption date) payable on that principal had the redemption not
been made, determined by discounting the principal and interest on a
semi-annual basis at the “reinvestment rate” (as described below) from the
dates on which the principal and interest would have been payable to the
redemption date, exceeds (2) the aggregate principal amount of the Notes being
redeemed.

 

The
reinvestment rate is determined on the third business day before the notice of
redemption is given to participants and is equal to the Treasury Yield plus
0.25%.

 

The “Treasury
Yield” means the yield on Treasury Notes at a constant maturity corresponding
to the remaining life to the stated maturity (as of the redemption date, rounded
to the nearest month) of the principal being redeemed.

 

The Treasury
Yield will equal the arithmetic mean of the yields published in the statistical
release (identified below) under the heading “Week Ending” for “U.S. Government
Securities — Treasury Constant Maturities” with a maturity equal to such
remaining life. If no published maturity exactly corresponds with such
remaining life, then the Company will interpolate or extrapolate the Treasury
Yield on a straight-line basis from the arithmetic mean of the yields for the
next shortest and next longest published maturities.

 

A-5

 

The
statistical release is the release designated “H. 15(519)” or any successor
publication published weekly by the Board of Governors of the Federal Reserve
System which reports yields on actively traded United States government
securities adjusted to constant maturities. If no statistical release is
published at the time of any redemption of the Notes or if the format or content
of the statistical release changes so as to preclude a determination of the
Treasury Yield in the above manner, the Company will designate a reasonably
comparable index. For calculating the reinvestment rate, the Company will use
the most recent statistical release published before the date of determination
of the make-whole amount.

 

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

 

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

 

If an Event of
Default with respect to Notes of this series shall occur and be continuing, the
principal amount of any accrued but unpaid interest on the Notes of this series
may be declared due and payable in the manner and with the effect provided in
the Indenture.

 

The Indenture
permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of
the Holders of the Notes of each series to be affected under the Indenture at
any time by the Company and the Trustee with the consent of the Holders of a
majority in principal amount of the Notes at the time Outstanding of each
series to be affected. The Indenture also contains provisions permitting the
Holders of specified percentages in principal amount of the Notes of each
series at the time Outstanding, on behalf of the Holders of all Notes of such
series, to waive compliance by the Company with certain provisions of the
Indenture and certain past defaults under the Indenture and their consequences.
Any such consent or waiver by the Holder of this Note will be conclusive and
binding upon such Holder and upon all future Holders of this Note and of any
Note issued upon the registration of transfer hereof or in exchange herefor or
in lieu hereof, whether or not notation of such consent or waiver is made upon
this Note.

 

As provided in
and subject to the provisions of the Indenture, the Holder of this Note will
not have the right to institute any proceeding with respect to the Indenture or
for the appointment of a receiver or trustee or for any other remedy
thereunder, unless such Holder shall have previously given the Trustee written
notice of a continuing Event of Default with respect to the Notes of this
series, the Holders of not less than 25% in principal amount of the Notes of
this series at the time Outstanding shall have made written request to the
Trustee to institute proceedings in respect of such Event of Default as Trustee
and offered the Trustee indemnity satisfactory to it, and the Trustee shall not
have received from the Holders of a majority in principal amount of Notes of
this series at the time Outstanding a direction inconsistent with such request
and shall have failed to institute such proceeding for 60 calendar days after
receipt of such notice, request, and offer of indemnity. The foregoing will
apply to any suit instituted by the Holder of this Note

 

A-6

 

for the enforcement of any
payment of principal hereof or any premium or interest hereon on or after the
respective due dates expressed herein.

 

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

 

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

 

Pursuant to,
but subject to the exceptions in, the Registration Rights Agreement, the
Company shall be obligated to consummate an Exchange Offer pursuant to which
the Holder of this Note shall have the right to exchange this Note for a Note
of the Company with the same maturity which shall have been registered under
the Securities Act, in like principal amount and having terms identical in all
material respects to this Note (except that such Note shall not be entitled to
additional interest and shall not contain terms with respect to transfer restrictions).
The Holders shall be entitled to receive certain additional interest in the
event such Exchange Offer is not consummated or the Notes are not offered for
resale and upon certain other conditions, all pursuant to and in accordance
with the terms of the Registration Rights Agreement. (1)

 

The Notes of
this series are issuable only in fully registered form without coupons, in a
minimum denomination of U.S.$2,000 and integral multiples of $1,000 above that
(or comparable amounts in foreign currency). As provided in the Indenture and
subject to certain limitations therein set forth, Notes of this series are
exchangeable for a like aggregate principal amount of Notes of this series and
of like tenor of a different authorized denomination, as requested by the
Holder surrendering the same.

 

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

 

Prior to due
presentment of this Note for registration of transfer, the Company, the
Trustee, and any agent of the Company or the Trustee may treat the Person in
whose name this Note is registered as the owner hereof for all purposes,
whether or not this Note shall be

 

(1)                                  This
Section not to appear on Exchange Securities or Additional Securities unless
required by the terms of such Additional Securities.

 

A-7

 

overdue, and neither the
Company, the Trustee, nor any such agent will be affected by notice to the
contrary.

 

Pursuant to a
recommendation promulgated by the Committee on Uniform Note Identification
Procedures, the Company has caused CUSIP numbers to be printed on the Notes and
the Trustee may use CUSIP numbers in notices of redemption as a convenience to
the Holders. No representation is made as to the accuracy of such numbers
either as printed on the Notes or as contained in any notice of redemption and
reliance may be placed only on the other identification numbers placed thereon.

 

All terms used
in this Note that are defined in the Indenture will have the respective
meanings assigned to them in the Indenture.

 

A-8

 

ASS1GNMENT FORM

 

To assign this
Note, fill in the form below: (I) or (we) assign and transfer this Note to

 

	
   

  
	
  (Insert assignee’s soc. sec. or tax I.D. no.)

  
	
   

  
	
   

  
	
   

  
	
  (Print or type assignee’s name, address and zip code)

  
	
   

  
	
  and
  irrevocably appoint

  
	
   

  
	
   

  

to transfer this Note on the
books of the Company. The agent may substitute another to act for him.

 

	
  Date:

  	
   

  	
   

  
	
   

  
	
   

  	
  Your
  Signature:

  	
   

  
	
   

  	
   

  	
  (Sign
  exactly as your name appears

  on the face of this Note)

  
	
   

  
	
   

  
	
  Signature guarantee:

  
					

 

A-9

 

CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR

REGISTRATION OF TRANSFER RESTRICTED NOTES

 

DANA CORPORATION

4500 Dorr Street

Toledo, Ohio 43615

 

 

Attention: Chief Financial
Officer

 

Citibank, N.A.

388 Greenwich Street, 14th
Floor

New York, New York 10013

 

Attention: Citibank Agency
& Trust

 

Re: CUSIP #

 

Reference is hereby made to
that certain Indenture dated December 10, 2004 (the “Base
Indenture”) between Dana Corporation (the “Company”)
and Citibank, N.A., as trustee (the “Trustee”) as
supplemented by the Supplemental Indenture dated December 10, 2004 (the “Supplemental Indenture” and together with the Base
Indenture, the “Indenture”). Capitalized terms
used but not defined herein shall have the meanings set forth in the Indenture.

 

This certificate relates to $             
principal amount of Notes held in book-entry form by the undersigned.

 

The undersigned                                
(transferor) (check box below):

 

o                                    hereby
requests the Trustee to exchange or register the transfer of a Note or Notes to
                    (transferee).

 

In connection with any transfer
of any of the Notes evidenced by this certificate occurring prior to the
expiration of the periods referred to in Rule 144(k) under the Securities Act
of 1933, as amended, the undersigned confirms that such Notes are being
transferred in accordance with its terms:

 

CHECK ONE
BOX BELOW:

 

(1)                                  o                                    to
the Company or any of its subsidiaries; or

 

(2)                                  o                                    pursuant
to an effective registration statement under the Securities Act of 1933, as amended;
or

 

(3)                                  o                                    inside
the United States to a “qualified institutional buyer” (as defined in Rule 144A
under the Securities Act of 1933, as amended) that purchases for its own
account or for the account of a qualified institutional buyer to whom notice is

 

A-10

 

given that
such transfer is being made in reliance on Rule 144A under the Securities Act
of 1933, as amended, in each case pursuant to and in compliance with Rule 144A
thereunder.

 

(4)                                  o                                    inside
the United States to an institutional “accredited investor” (as defined in Rule
501(a)(l), (2), (3) or (7) under the Securities Act of 1933, as amended) that
has furnished to the Trustee a signed letter containing certain representations
and agreements (the form of which letter is attached to the Indenture as
Exhibit D and which may be obtained from the Trustee); or

 

(5)                                  o                                    outside
the United States in an offshore transaction within the meaning of Regulation S
under the Securities Act of 1933, as amended, in compliance with Rule 904
thereunder.

 

Unless one of the boxes is
checked, the Securities Registrar will refuse to register any of the Notes
evidenced by this certificate in the name of any person other than the
registered holder thereof.

 

	
   

  	
   

  	
   

  
	
   

  	
  Signature

  	
   

  
	
   

  
	
  Signature
  Guarantee:

  	
   

  	
   

  
	
   

  	
  (Signature must
  be guaranteed by a participant in a recognized signature

  guarantee medallion program)

  
						

 

TO BE COMPLETED BY PURCHASER IF (3) ABOVE IS CHECKED.

 

The
undersigned represents and warrants that it is purchasing this Note for its own
account or an account with respect to which it exercises sole investment
discretion and that it and any such account is a “qualified institutional buyer”
within the meaning of Rule 144A under the Securities Act of 1933, as amended (“Rule
144A”), and is aware that the sale to it is being made in reliance on Rule 144A
and acknowledges that it has received such information regarding the Company as
the undersigned has requested pursuant to Rule 144A or has determined not to re
quest such information and that it is aware that the transferor is relying upon
the undersigned’s foregoing representations in order to claim the exemption
from registration provided by Rule 144A.

 

A-11

 

	
   

  	
   

  	
  [Name of Transferee]

  
	
   

  	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NOTICE: To
  be executed by an executive officer

  
					

 

A-12

 

SCHEDULE OF EXCHANGES OF NOTES

 

The following
exchanges of a part of this Global Note for other Notes have been made:

 

	
  Date of

  Exchange

  	
   

  	
  Amount of

  Decrease in

  Principal

  Amount of this

  Global Note

  	
   

  	
  Amount of

  Increase in

  Principal

  Amount of this

  Global Note

  	
   

  	
  Principal

  Amount of this

  Global Note

  Following Such

  Decrease (or

  Increase)

  	
   

  	
  Signature of

  Authorized

  Officer of

  Trustee or

  Custodian

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

A-13

 

EXHIBIT B

 

[FORM OF CERTIFICATE TO BE DELIVERED

IN CONNECTION WITH TRANSFERS PURSUANT TO RULE 144A]

 

Dana Corporation

4500 Dorr Street

Toledo, Ohio 43615

 

Attention: Chief Financial
Officer

 

Citibank, N.A.

388 Greenwich Street, 14th
Floor

New York, New York 10013

 

Attention: Citibank Agency
& Trust

 

Re:                               Dana
Corporation (the “Company”)

5.85% Senior Notes due 2015 (the “Notes”)

 

Ladies and Gentlemen:

 

In connection
with our proposed sale of $            
aggregate principal amount at maturity of the Notes, we hereby certify that
such transfer is being effected pursuant to and in accordance with Rule 144A (“Rule 144A”) under the United States Securities Act of 1933,
as amended (the “Securities Act”), and, accordingly,
we hereby further certify that the Notes are being transferred to a person that
we reasonably believe is purchasing the Notes for its own account, or for one
or more accounts with respect to which such person exercises sole investment
discretion, and such person and each such account is a “qualified institutional
buyer” within the meaning of Rule 144A in a transaction meeting the
requirements of Rule 144A and such Notes are being transferred in compliance
with any applicable blue sky securities laws of any state of the United States.

 

You and the
Company are entitled to rely upon this letter and are irrevocably authorized to
produce this letter or a copy hereof to any interested party in any
administrative or legal proceedings or official inquiry with respect to the
matters covered hereby.

 

	
   

  	
  Very truly
  yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  [Name of
  Transferor]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Authorized
  Signature

  
					

 

B-1

 

EXHIBIT C

 

[FORM OF CERTIFICATE TO BE DELIVERED

IN CONNECTION WITH TRANSFERS

PURSUANT TO REGULATION S]

 

Dana Corporation

4500 Dorr Street

Toledo, Ohio 43615

 

Attention: Chief Financial
Officer

 

Citibank, N.A.

388 Greenwich Street, 14th
Floor

New York, New York 10013

 

Attention: Corporate Trust
Administration

 

Re:                               Dana
Corporation (the “Company”)

5.85% Senior Notes due 2015 (the “Notes”)

 

Ladies and Gentlemen:

 

In connection
with our proposed sale of $                
aggregate principal amount of the Notes, we confirm that such sale has been
effected pursuant to and in accordance with Regulation S under the United
States Securities Act of 1933, as amended (the “Securities
Act”), and, accordingly, we represent that:

 

(1)                                  the
offer of the Notes was not made to a person in the United States;

 

(2)                                  either
(a) at the time the buy order was originated, the transferee was outside the
United States or we and any person acting on our behalf reasonably believed
that the transferee was outside the United States or (b) the transaction was
executed in, on or through the facilities of a designated offshore securities
market and neither we nor any person acting on our behalf knows that the
transaction has been prearranged with a buyer in the United States;

 

(3)                                  no
directed selling efforts have been made in the United States in contravention
of the requirements of Rule 903(b) or Rule 904(b) of Regulation S, as
applicable; and

 

(4)                                  the
transaction is not part of a plan or scheme to evade the registration
requirements of the Securities Act.

 

In addition,
if the sale is made during a restricted period and the provisions of Rule
903(c)(3) or Rule 904(c)(1) of Regulation S are applicable thereto, we confirm
that such

 

C-1

 

sale has been made in
accordance with the applicable provisions of Rule 903(c)(3)or Rule 904(c)( 1),
as the case may be.

 

The Company
and you are entitled to rely upon this letter and are irrevocably authorized to
produce this letter or a copy hereof to any interested party in any
administrative or legal proceedings or official inquiry with respect to the
matters covered hereby. Terms used in this certificate have the meanings set
forth in Regulation S.

 

	
   

  	
  Very truly
  yours,

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  [Name of
  Transferor]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Authorized
  Signature

  
				

 

C-2

 

EXHIBIT D

 

[FORM OF CERTIFICATE TO BE DELIVERED IN CONNECTION

WITH TRANSFER TO INSTITUTIONAL ACCREDITED INVESTORS]

 

Dana Corporation

4500 Dorr Street

Toledo, Ohio 43615

 

Attention: Chief Financial
Officer

 

Dear Ladies and Gentlemen:

 

This certificate
is delivered to request a transfer of $        
principal amount of the 5.85% Senior Notes due 2015 (the “Notes”)
of Dana Corporation (the “Company”).

 

Upon transfer,
the Notes would be registered in the name of the new beneficial owner as follows:

 

	
  Name:

  	
   

  	
   

  
	
   

  	
   

  
	
  Address:

  	
   

  	
   

  
	
   

  	
   

  
	
  Taxpayer ID
  Number:

  	
   

  	
   

  
					

 

The
undersigned represents and warrants to you that:

 

1.                                       We
are an institutional “accredited investor”
(as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of
1933, as amended (the “Securities Act”)),
and we are acquiring the Notes not with a view to, or for offer or sale in
connection with, any distribution in violation of the Securities Act. We have
such knowledge and experience in financial and business matters as to be
capable of evaluating the merits and risk of our investment in the Notes and
invest in or purchase Securities similar to the Notes in the normal course of
our business. We and any accounts for which we are acting are each able to bear
the economic risk of our or its investment.

 

2.                                       We
understand that the Notes have not been registered under the Securities Act
and, unless so registered, may not be sold except as permitted in the following
sentence. We agree on our own behalf and on behalf of any investor account for which
we are purchasing Notes to offer, sell or otherwise transfer such Notes prior
to the later of the date which is two years after (X) the later of (A) the date
of original issue or (B) the date on which this Note was acquired from an
affiliate of the Company or (Y) the date that is three months

 

D-1

 

after the last date on which
the Company or any affiliate of the Company was the owner of such Notes (or any
predecessor thereto) only (a) to Dana Corporation or any subsidiary thereof,
(b) inside the United States to a Qualified Institutional Buyer in compliance
with Rule 144A under the Securities Act, (c) inside the United States to an
Accredited Investor that, prior to such transfer, furnishes (or has furnished
on its behalf by a U.S. Broker-Dealer) to the Trustee a signed letter
containing certain representations and agreements relating to the restrictions
on transfer of this Note (the form of which letter can be obtained from the
Trustee for this Note), (d) outside the United States in an offshore
transactions in compliance with Rule 904 under the Securities Act (if
available), (e) pursuant to the exemption from registration provided by Rule
144 under the Securities Act (if available), (f) in accordance with another
exemption from the registration requirements of the Securities Act (and based
upon an opinion of counsel if Dana Corporation so requests), or (g) pursuant to
an effective registration statement under the Securities Act, subject in each
of the foregoing cases to any requirement of law that the disposition of our
property or the property of such investor account or accounts be at all times
within our or their control and in compliance with any applicable state Notes
laws. In connection with any transfer of this Note prior to the later of the
date which is two years after (X) the later of (A) the date of original issue
or (B) the date on which this Note was acquired from an affiliate of the
Company or (Y) the date that is three months after the last date on which the
Company or any affiliate of the Company was the owner of such Notes (or any
predecessor thereto), pursuant to clause (c), (d) or (f) above if the holder
must, prior to such transfer, furnish to the Trustee and Dana Corporation such
certifications, legal opinions or other information as either of them may
reasonably require to confirm that such transfer is being made pursuant to an
exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act. As used herein, the terms “offshore
transaction, “ “United States” and “U.S. person” have the meaning given to them
by Regulation S under the Securities Act.

 

	
   

  	
  TRANSFEREE:

  	
   

  
	
   

  	
   

  
	
   

  	
  BY

  	
   

  
				

 

D-2

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