Document:

exv10w2

 

EXHIBIT 10.2

Exhibit A

USA TRUCK, INC.

STOCK AWARD AGREEMENT

     THIS STOCK AWARD AGREEMENT (“Agreement”) is entered into this     of               
200  , by USA Truck, Inc. (“Company”)
and               (“Participant”)
to evidence an award of performance-vesting restricted stock on
this date to Participant pursuant to the Company’s 2003 Restricted Stock Award
Plan (the “Plan”).

     NOW, THEREFORE, for the purposes set forth in the Plan, and in
consideration of services to be rendered by Participant, the Company hereby
grants the Award Shares (as defined below) to Participant on the terms
hereinafter set forth:

     1.     Stock Award. The Company hereby grants to Participant an Award of                               shares
of Common Stock, $0.01 par value, of the Company (“Award
Shares”), subject to the vesting, forfeiture and nontransferability provisions
hereof and the other terms and conditions set forth herein.

     2.     Restrictions. Participant represents that the Award Shares are being
acquired by him for his own account for investment and not with a view to the
distribution thereof, and no part of the Award Shares will be sold or otherwise
disposed of except in compliance with the Securities Act of 1933, as amended,
and the rules and regulations thereunder. Participant shall not sell, assign,
transfer, convey, donate, pledge, encumber or otherwise dispose of any of the
Award Shares or any interest therein (and any such disposition or attempted
disposition shall be void and of no force or effect whatsoever) before the
vesting of such Award Shares in accordance with paragraph 3.

     3.     Vesting of Award Shares. The Award Shares will vest in five
increments, and each increment will vest only if both the holding period
requirement has been met and the performance target for such increment has been
achieved, in each case as specified below. When Award Shares have vested, the
restrictions on transferability imposed under the last sentence of paragraph 2
and the forfeiture provisions imposed under paragraph 4 shall lapse with
respect to such vested Award Shares.

		
	 	      (a) One-fifth (1/5) of the total Award, or               Award Shares,
will vest on March 1, 2005 if the Company’s retained earnings shall have
increased by fifteen percent (15%) from December 31, 2002 to December 31,
2004;

		
	 	      (b) One-fifth (1/5) of the total Award, or               Award Shares,
will vest on March 1, 2006 if the Company’s retained earnings shall have
increased by ten percent (10%) from December 31, 2004 to December 31,
2005;

		
	 	      (c) One-fifth (1/5) of the total Award, or               Award Shares,
will vest on March 1, 2007 if the Company’s retained earnings shall have
increased by ten percent (10%) from December 31, 2005 to December 31,
2006;

		
	 	      (d) One-fifth (1/5) of the total Award, or               Award Shares,
will vest on March 1, 2008 if the Company’s retained earnings shall have
increased by ten percent (10%) from December 31, 2006 to December 31,
2007; and

 

 

		
	 	      (e) One-fifth (1/5) of the total Award, or               Award Shares,
will vest on March 1, 2009 if the Company’s retained earnings shall have
increased by ten percent (10%) from December 31, 2007 to December 31,
2008.

     Notwithstanding the foregoing, if during the vesting period specified in
any of the foregoing clauses (a) through (e) the performance target for the
applicable increment is not achieved in full, but the Company’s retained
earnings increase by ninety percent (90%) of the amount that would have been
necessary to achieve the performance target in full, then one-half (1/2) of the
number of shares in such increment (i.e., one-tenth (1/10) of the total Award)
shall vest on the vesting date specified for such increment.

     For purposes of determining whether the foregoing performance targets have
been met, retained earnings shall be calculated for the Company and its
subsidiaries, on a consolidated basis, in accordance with U.S. generally
accepted accounting principles, consistently applied. The Administrator shall
have full authority to determine whether the performance target specified above
has been met with respect to each increment of Award Shares, and each
determination made by the Administrator shall be conclusive and binding on the
Company and Participant. The vesting of Award Shares shall also be subject to
the payment by Participant of all amounts required to be paid with respect to
such Award Shares under paragraph 9 hereof.

     4.     Forfeiture. In the event that Participant’s full-time employment or
service as an officer of the Company or a subsidiary is terminated on or before
the vesting of all Award Shares as provided in paragraph 3 hereof, by the
Company or by Participant for any reason, with or without cause, and including
without limitation terminations resulting from Participant’s retirement, death
or disability, all of the unvested Award Shares shall be automatically
forfeited. In addition, if on any vesting date specified in paragraph 3 above,
the related performance target specified therein has not been achieved (in
whole or in part, as specified in paragraph 3), the Award Shares that otherwise
would have vested on such vesting date shall be automatically forfeited. Upon
forfeiture as specified in either of the preceding two sentences, the forfeited
Award Shares shall forthwith be returned to the Company without any payment or
other consideration to Participant.

     5.     Deposit. The certificates representing the Award Shares, issued in the
name of Participant, and accompanied by assignments in blank separate from
certificate, shall be deposited with and held by the Company. Upon vesting
pursuant to paragraph 3, the certificates representing the vested Award Shares
shall be delivered to Participant. Participant hereby designates and appoints
the Administrator and the Corporate Secretary of the Company, and each of them,
with full power of substitution, as his agents and attorneys-in-fact in his
name, place and stead, to transfer to the Company, on the books and records of
the Company, any and all Award Shares issued in the name of Participant, upon
forfeiture of the same in accordance with the Plan and this Agreement, and to
take any and all actions, and to execute and deliver any and all documents,
instruments and certificates as the attorney-in-fact may deem necessary or
appropriate in connection therewith.

     6.     Legend. Certificates representing the Award Shares shall bear a legend
evidencing the restrictions and forfeiture provisions hereof. When such
restrictions and forfeiture provisions terminate, Participant shall be entitled
to have such legend removed from such certificates upon presentation to the
Company.

     7.     Dividend and Voting Rights. Participant shall be entitled to receive
any cash dividends and distributions paid on the Award Shares, and shall be
entitled to vote the Award Shares, until and unless such shares are forfeited
hereunder; provided, however, that any cash dividends or distributions on
unvested Award Shares may, at the option of the Board of Directors, be held in
escrow by the

 

 

Company and delivered to Participant (with or without interest, as may be
determined by the Board) or forfeited back to the Company, as the case may be,
upon the vesting or forfeiture of such Award Shares. Stock dividends, if any,
on the Award Shares shall be delivered to the Company to be held and
distributed or forfeited, as the case may be, in accordance with the terms
hereof and of the Plan, in the same manner as the Award Shares in respect of
which such stock dividends are paid.

     8.     Nontransferability. Prior to vesting, the Award Shares herein granted
and the rights and privileges conferred hereby are personal to Participant and
shall not be sold, assigned, transferred, conveyed, donated, pledged,
encumbered or disposed of in any way (whether by operation of law or otherwise)
and shall not be subject to execution, attachment or similar process.

     9.     Taxes. Participant shall, at each vesting date, pay to the Company an
amount equal to any taxes that the Company is required to withhold in
connection with the termination of the restrictions and forfeiture provisions
hereof. The taxes (federal, FICA, and state, where applicable) will be based
on the fair market value of the Award Shares vesting on the applicable vesting
date, determined by reference to the average of the high and low sale price of
the Company’s Common Stock on the Nasdaq Stock Market (or other exchange or
market on which the Common Stock may then be listed) on such vesting date (or
if there are no sales on such date, on the last preceding date for which such
high and low sale price information is available), subject to such adjustments
for nontransferability or other factors as the Company’s Board of Directors may
determine to be appropriate. The foregoing shall be subject, however, to (a)
Participant’s right to elect to accelerate the taxability of Award Shares under
Section 83(b) of the Internal Revenue Code of 1986, as amended (in which case
Participant shall have the obligations under this paragraph 9 on the grant date
or other date on which such tax obligations arise as a result of such
acceleration), and (b) Participant’s right to satisfy the foregoing
obligations, in whole or in part, by electing to have withheld by the Company
or by delivering and assigning to the Company shares of Common Stock having an
aggregate fair market value equal to the amount of the tax withholding
obligations in accordance with Section 7 of the Plan.

     10.     Coordination with Plan. Capitalized terms used in this Agreement but
not otherwise defined shall have the meanings given to them in the Plan. In
the event of any inconsistency between the terms and provisions of this
Agreement and the terms and provisions of the Plan, the terms and provisions of
the Plan shall control.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first written above.

	 	 	 	 	 
	 	 	USA TRUCK, INC.
	 	 	 	 	 
	 	 	
By:	 	 
	 	 	 	 	

	 	 	 	 	Robert M. Powell, Chief Executive
	 	 	 	 	Officer and Plan Administrator
	 	 	 	 	 
	 	 	PARTICIPANT:
	 	 	 	 	 
	 	 	

	 	 	 	 	Participant Name<PAGE>
                                                                     Exhibit 4.4

                               G&K Services, Inc.

                                       TO

                    _______________________________________,

                          ___________________, Trustee

                                FORM OF INDENTURE

                         Dated as of __________________

                                 Debt Securities
<PAGE>
                               G&K SERVICES, INC.

         Reconciliation and tie between Trust Indenture Act of 1939 and
                    Indenture, dated as of _________________

<TABLE>
<CAPTION>
Trust Indenture Act Section                             Indenture Section
<S>                                                     <C>
ss.310(a)(1) ............................................ 609
      (a)(2) ............................................ 609
      (a)(3) ............................................ Not Applicable
      (a)(4) ............................................ Not Applicable
      (a)(5) ............................................ 609
      (b) ............................................... 608, 610
      (c) ............................................... Not Applicable
ss.311(a) ............................................... 613
      (b) ............................................... 613
ss.312(a) ............................................... 701, 702(a)
      (b) ............................................... 702(b)
      (c) ............................................... 702(c)
ss.313(a) ............................................... 703(a)
      (b) ............................................... 703(a)
      (c) ............................................... 703(a)
      (d) ............................................... 703(b)
ss.314(a) ............................................... 704, 1008
      (b) ............................................... Not Applicable
      (c)(1) ............................................ 102
      (c)(2) ............................................ 102
      (c)(3) ............................................ Not Applicable
      (d) ............................................... Not Applicable
      (e) ............................................... 102
ss.315(a) ............................................... 601
      (b) ............................................... 602
      (c) ............................................... 601
      (d) ............................................... 601
      (e) ............................................... 514
ss.316(a) ............................................... 101
      (a)(1)(A) ......................................... 104(h), 502, 512
      (a)(1)(B) ......................................... 104(h), 513
      (a)(2) ............................................ Not Applicable
      (b) ............................................... 508
      (c) ............................................... 104(h)
ss.317(a)(1) ............................................ 503
      (a)(2) ............................................ 504
      (b) ............................................... 1003
ss.318(a) ............................................... 107
      (c) ............................................... 107
</TABLE>

----------

Note: This reconciliation and tie shall not, for any purpose, be deemed to be
      part of the Indenture.
<PAGE>
                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                        Page
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<S>               <C>                                                                                   <C>
Parties ...............................................................................................  1
Recitals ..............................................................................................  1

ARTICLE ONE  Definitions and Other Provisions of General Application ..................................  1

Section 101.      Definitions .........................................................................  1
                  Act .................................................................................  1
                  Affiliate ...........................................................................  1
                  Authenticating Agent ................................................................  1
                  Authorized Newspaper ................................................................  1
                  Bearer Security .....................................................................  2
                  Board of Directors ..................................................................  2
                  Board Resolution ....................................................................  2
                  Business Day ........................................................................  2
                  Commission ..........................................................................  2
                  Company .............................................................................  2
                  Company Request .....................................................................  2
                  Company Order .......................................................................  2
                  Corporate Trust Office ..............................................................  2
                  corporation .........................................................................  2
                  coupon ..............................................................................  2
                  Debt ................................................................................  2
                  Debt Securities .....................................................................  2
                  Defaulted Interest ..................................................................  2
                  Depositary ..........................................................................  2
                  Designated Currency .................................................................  2
                  Dollar ..............................................................................  2
                  $ ...................................................................................  2
                  Euro ................................................................................  2
                  European Communities ................................................................  3
                  Event of Default ....................................................................  3
                  Exchange Rate .......................................................................  3
                  Exchange Rate Agent .................................................................  3
                  Exchange Rate Officer's Certificate .................................................  3
                  Foreign Currency ....................................................................  3
                  GAAP ................................................................................  3
                  Global Exchange Agent ...............................................................  3
                  Global Exchange Date ................................................................  3
                  Global Security .....................................................................  3
                  Government Obligations ..............................................................  3
                  Holder ..............................................................................  3
                  Indenture ...........................................................................  3
                  interest ............................................................................  3
                  Interest Payment Date ...............................................................  3
                  Maturity ............................................................................  3
                  Mortgage ............................................................................  3
                  Officers' Certificate ...............................................................  3
                  Opinion of Counsel ..................................................................  4
                  Original Issue Discount Security ....................................................  4
                  Outstanding .........................................................................  4
                  Paying Agent ........................................................................  4
                  Person ..............................................................................  4
                  Place of Payment ....................................................................  4
                  Predecessor Security ................................................................  4
                  Preferred Stock .....................................................................  4
                  Redemption Date .....................................................................  4
                  Redemption Price ....................................................................  4
                  Registered Security .................................................................  5
                  Regular Record Date .................................................................  5
                  Remarketing Entity ..................................................................  5
                  Repayment Date ......................................................................  5
                  Repayment Price .....................................................................  5
                  Responsible Officer .................................................................  5
                  Security Register ...................................................................  5
                  Special Record Date .................................................................  5
                  Stated Maturity .....................................................................  5
                  Subsidiary ..........................................................................  5
                  Trust Indenture Act .................................................................  5
                  Trustee .............................................................................  5
                  United States .......................................................................  5
                  United States Alien .................................................................  5
                  Voting Stock ........................................................................  5
                  Wholly-owned Subsidiary .............................................................  5

Section 102.      Compliance Certificates and Opinions ................................................  6

Section 103.      Form of Documents Delivered to Trustee ..............................................  6

Section 104.      Acts of Holders .....................................................................  6

Section 105.      Notices, etc., to Trustee and Company ...............................................  8

Section 106.      Notice to Holders; Waiver ...........................................................  8

Section 107.      Conflict with Trust Indenture Act ...................................................  9

Section 108.      Effect of Headings and Table of Contents ............................................  9
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                                                                        Page
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<S>               <C>                                                                                   <C>
Section 109.      Successors and Assigns ..............................................................  9

Section 110.      Separability Clause .................................................................  9

Section 111.      Benefits of Indenture ...............................................................  9

Section 112.      Governing Law .......................................................................  9

Section 113.      Legal Holidays ...................................................................... 10

Section 114.      Exemption from Individual Liability ................................................. 10

Section 115.      Counterparts ........................................................................ 10

ARTICLE TWO  Debt Security Forms ...................................................................... 10

Section 201.      Forms Generally ..................................................................... 10

Section 202.      Form of Trustee's Certificate of Authentication ..................................... 10

Section 203.      Debt Securities in Global Form ...................................................... 10

ARTICLE THREE  The Debt Securities .................................................................... 10

Section 301.      Amount Unlimited; Issuance in Series ................................................ 10

Section 302.      Denominations ....................................................................... 14

Section 303.      Execution, Authentication, Delivery and Dating ...................................... 14

Section 304.      Temporary Debt Securities ........................................................... 16

Section 305.      Registration; Registration of Transfer and Exchange ................................. 17

Section 306.      Mutilated, Destroyed, Lost and Stolen Debt Securities ............................... 20

Section 307.      Payment of Interest; Interest Rights Preserved ...................................... 20

Section 308.      Persons Deemed Owners ............................................................... 22

Section 309.      Cancellation ........................................................................ 22

Section 310.      Computation of Interest ............................................................. 22

Section 311.      Certification by a Person Entitled to Delivery of a Bearer Security ................. 22

Section 312.      Judgments ........................................................................... 22

ARTICLE FOUR  Satisfaction and Discharge .............................................................. 23

Section 401.      Satisfaction and Discharge of Indenture ............................................. 23

Section 402.      Application of Trust Money and Government Obligations ............................... 24

Section 403.      Satisfaction, Discharge and Defeasance of Debt Securities of any Series ............. 24

ARTICLE FIVE  Remedies ................................................................................ 26

Section 501.      Events of Default ................................................................... 26

Section 502.      Acceleration of Maturity; Rescission and Annulment .................................. 27

Section 503.      Collection of Indebtedness and Suits for Enforcement by Trustee ..................... 28

Section 504.      Trustee May File Proofs of Claim .................................................... 28

Section 505.      Trustee May Enforce Claims without Possession of Debt Securities or Coupons ......... 29

Section 506.      Application of Money Collected ...................................................... 29

Section 507.      Limitation on Suits ................................................................. 29

Section 508.      Unconditional Right of Holders to Receive Principal, Premium and Interest ........... 30

Section 509.      Restoration of Rights and Remedies .................................................. 30

Section 510.      Rights and Remedies Cumulative ...................................................... 30

Section 511.      Delay or Omission Not Waiver ........................................................ 30

Section 512.      Control by Holders of Debt Securities ............................................... 30

Section 513.      Waiver of Past Defaults ............................................................. 31

Section 514.      Undertaking for Costs ............................................................... 31

Section 515.      Waiver of Stay or Extension Laws .................................................... 31

ARTICLE SIX  The Trustee .............................................................................. 31

Section 601.      Certain Duties and Responsibilities ................................................. 31

Section 602.      Notice of Default ................................................................... 31

Section 603.      Certain Rights of Trustee ........................................................... 32
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                                                                        Page
                                                                                                        ----
<S>               <C>                                                                                   <C>
Section 604.      Not Responsible for Recitals or Issuance of Debt Securities ......................... 33

Section 605.      May Hold Debt Securities or Coupons ................................................. 33

Section 606.      Money Held in Trust ................................................................. 33

Section 607.      Compensation and Reimbursement ...................................................... 33

Section 608.      Disqualification; Conflicting Interests ............................................. 34

Section 609.      Corporate Trustee Required; Eligibility ............................................. 34

Section 610.      Resignation and Removal; Appointment of Successor ................................... 34

Section 611.      Acceptance of Appointment by Successor .............................................. 35

Section 612.      Merger, Conversion, Consolidation or Succession to Business ......................... 36

Section 613.      Preferential Collection of Claims Against Company ................................... 36

Section 614.      Authenticating Agent ................................................................ 36

ARTICLE SEVEN  Holders' Lists and Reports By Trustee and Company ...................................... 37

Section 701.      Company to Furnish Trustee Names and Addresses of Holders ........................... 37

Section 702.      Preservation of Information; Communications to Holders .............................. 38

Section 703.      Reports by Trustee .................................................................. 38

Section 704.      Reports by Company .................................................................. 38

ARTICLE EIGHT  Consolidation, Merger, Conveyance, Transfer or Lease ................................... 38

Section 801.      Company May Consolidate, etc. Only on Certain Terms ................................. 38

Section 802.      Successor Corporation Substituted ................................................... 39

Section 803.      Conveyance or Transfer to a Wholly-owned Restricted Subsidiary ...................... 39

ARTICLE NINE  Supplemental Indentures ................................................................. 39

Section 901.      Supplemental Indentures without Consent of Holders .................................. 39

Section 902.      Supplemental Indentures with Consent of Holders ..................................... 40

Section 903.      Execution of Supplemental Indentures ................................................ 41

Section 904.      Effect of Supplemental Indentures ................................................... 41

Section 905.      Conformity with Trust Indenture Act ................................................. 41

Section 906.      Reference in Debt Securities to Supplemental Indentures ............................. 41

ARTICLE TEN  Covenants ................................................................................ 41

Section 1001.     Payment of Principal, Premium and Interest .......................................... 42

Section 1002.     Maintenance of Office or Agency ..................................................... 42

Section 1003.     Money for Debt Securities Payments to Be Held in Trust .............................. 42

Section 1004.     Corporate Existence ................................................................. 43

Section 1005.     Maintenance of Properties ........................................................... 44

Section 1006.     Payment of Additional Amounts ....................................................... 44

Section 1007.     Payment of Taxes .................................................................... 44

Section 1008.     Officer's Certificate as to Default ................................................. 44

Section 1009.     Waiver of Certain Covenants ......................................................... 45

ARTICLE ELEVEN  Redemption of Debt Securities ......................................................... 45

Section 1101.     Applicability of Article ............................................................ 45

Section 1102.     Election to Redeem; Notice to Trustee ............................................... 45

Section 1103.     Selection by Trustee of Debt Securities to be Redeemed .............................. 45

Section 1104.     Notice of Redemption ................................................................ 45

Section 1105.     Deposit of Redemption Price ......................................................... 46

Section 1106.     Debt Securities Payable on Redemption Date .......................................... 46

Section 1107.     Debt Securities Redeemed in Part .................................................... 47

ARTICLE TWELVE  Sinking Funds ......................................................................... 47

Section 1201.     Applicability of Article ............................................................ 47

Section 1202.     Satisfaction of Sinking Fund Payments with Debt Securities .......................... 47

Section 1203.     Redemption of Debt Securities for Sinking Fund ...................................... 47
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                                                                        Page
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<S>               <C>                                                                                   <C>
ARTICLE THIRTEEN  Repayment at the Option of Holders .................................................. 48

Section 1301.     Applicability of Article ............................................................ 48

Section 1302.     Repayment of Debt Securities ........................................................ 48

Section 1303.     Exercise of Option; Notice .......................................................... 48

Section 1304.     Election of Repayment by Remarketing Entities ....................................... 49

Section 1305.     Securities Payable on the Repayment Date ............................................ 49

ARTICLE FOURTEEN  Meetings of Holders of Debt Securities .............................................. 49

Section 1401.     Purposes for Which Meetings May Be Called ........................................... 49

Section 1402.     Call, Notice and Place of Meetings .................................................. 49

Section 1403.     Persons Entitled to Vote at Meetings ................................................ 50

Section 1404.     Quorum; Action ...................................................................... 50

Section 1405.     Determination of Voting Rights; Conduct and Adjournment of Meetings ................. 50

Section 1406.     Counting Votes and Recording Action of Meetings ..................................... 51

ARTICLE FIFTEEN  Defeasance ........................................................................... 51

Section 1501.     Termination of Company's Obligations ................................................ 51

Section 1502.     Repayment to Company ................................................................ 52

Section 1503.     Indemnity for Government Obligations ................................................ 52

Testimonium ........................................................................................... 53
Signature and Seals ................................................................................... 53
Acknowledgements ...................................................................................... 53
Exhibit A-1 ...........................................................................................A-1
Exhibit A-2 ...........................................................................................A-2
</TABLE>
<PAGE>
      INDENTURE (the "Indenture") dated as of ______________, between G&K
SERVICES, INC., a Minnesota corporation (hereinafter called the "Company"),
having its principal place of business at 5995 Opus Parkway, Suite 500,
Minnetonka, Minnesota 55343 and ______________ _____________ (hereinafter called
the "Trustee"), having its Corporate Trust Office at ______________________.

                             RECITALS OF THE COMPANY

      The Company has duly authorized the execution and delivery of this
Indenture to provide for the issuance from time to time of its debentures,
notes, bonds and other evidences of indebtedness (herein called the "Debt
Securities").

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

      NOW, THEREFORE, THIS INDENTURE WITNESSETH:

      For and in consideration of the premises and the purchase of the Debt
Securities of any series created and issued on or after the date hereof by the
Holders thereof, it is mutually covenanted and agreed, for the benefit of all
Holders of such Debt Securities or of any such series, as follows:

                                   ARTICLE ONE

                        Definitions and Other Provisions
                             of General Application

      Section 101. Definitions.

      For all purposes of this Indenture, except as otherwise expressly provided
or unless the context otherwise requires:

            (1) the terms defined in this Article have the meanings assigned to
      them in this Article, and include the plural as well as the singular;

            (2) all other terms used herein which are defined in the Trust
      Indenture Act or by Commission rule or regulation under the Trust
      Indenture Act, either directly or by reference therein, as in force at the
      date as of which this instrument was executed, except as provided in
      Section 905, have the meanings assigned to them therein;

            (3) all accounting terms not otherwise defined herein have the
      meanings assigned to them in accordance with GAAP; and

            (4) 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 Article Six, are defined in that
Article.

      "Act" when used with respect to any Holder has the meaning specified in
Section 104.

      "Affiliate" of any specified Person means any other Person directly or
indirectly controlling or controlled by or under direct or indirect common
control with such specified Person. For the purposes of this definition,
"control" when used with respect to any specified 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 to the
foregoing.

      "Authenticating Agent" means any Person authorized by the Trustee to act
on behalf of the Trustee to authenticate Debt Securities.

      "Authorized Newspaper" means a newspaper in an official language of the
country of publication or in the English language customarily published on each
Business Day, whether or not published on Saturdays, Sundays or holidays, and of
general circulation in the place in connection with which the term is used or in
the financial community of such place. Where successive publications are
required to be made in Authorized Newspapers, the successive publications may be
made in the same or in different newspapers in the same city meeting the
foregoing requirements and in each case on any Business Day.

                                       1
<PAGE>
      "Bearer Security" means any Debt Security established pursuant to Section
201 which is payable to bearer including, without limitation, unless the context
otherwise indicates, a Debt Security in global bearer form.

      "Board of Directors" means either the board of directors of the Company,
or the executive or any other committee of that board duly authorized to act in
respect hereof.

      "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. Where any provision of this
Indenture refers to action to be taken pursuant to a Board Resolution (including
the establishment of any series of the Debt Securities and the forms and terms
thereof), such action may be taken by any committee of the Board of the Company
or any officer or employee of the Company authorized to take such action by a
Board Resolution.

      "Business Day", when used with respect to any Place of Payment, means any
day which is not a Saturday or Sunday and which is not a legal holiday or a day
on which banking institutions or trust companies in that Place of Payment are
authorized or obligated by law or executive order to close.

      "Commission" means the Securities and Exchange Commission, as from time to
time constituted, created under the Securities Exchange Act of 1934, 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 on such date.

      "Company" means the Person named as the "Company" in the first paragraph
of this instrument until a successor Person shall have become such pursuant to
the applicable provisions of this Indenture, and thereafter "Company" shall mean
such successor Person.

      "Company Request" and "Company Order" mean, respectively, except as
otherwise provided in this Indenture, a written request or order signed in the
name of the Company by the Chairman of the Board, a Vice Chairman of the Board,
the President or a Vice President (any references to a Vice President of the
Company herein shall be deemed to include any Vice President of the Company
whether or not designated by a number or word or words added before or after the
title "Vice President"), the Treasurer, an Assistant Treasurer, the Controller,
an Assistant Controller, the Secretary or an Assistant Secretary of the Company
or by another officer of the Company duly authorized to sign by a Board
Resolution, and delivered to the Trustee.

      "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 of original execution of this Indenture is located at
_________________________, ___________.

      The term "corporation" includes corporations, associations, companies and
business trusts.

      The term "coupon" means any interest coupon appertaining to a Bearer
Security.

      "Debt" means notes, bonds, debentures or other similar evidences of
indebtedness for money borrowed.

      "Debt Securities" has the meaning stated in the first recital of this
Indenture and more particularly means any Debt Securities authenticated and
delivered under this Indenture.

      "Defaulted Interest" has the meaning specified in Section 307.

      "Depositary" means, with respect to the Debt Securities of any series
issuable or issued in the form of a Global Security, the Person designated as
Depositary by the Company pursuant to Section 301 until a successor Depositary
shall have become such pursuant to the applicable provisions of this Indenture,
and thereafter "Depositary" shall mean or include each person who is then a
Depositary hereunder, and if at any time there is more than one such Person,
"Depositary" as used with respect to the Debt Securities of any such series
shall mean the Depositary with respect to the Debt Securities of that series.

      "Designated Currency" has the meaning specified in Section 312.

      "Dollar" or "$" means the coin or currency of the United States of America
as at the time of payment is legal tender for the payment of public and private
debts.

      "Euro" means the single currency of the European Monetary Union as defined
under EC

                                       2
<PAGE>
Regulation 1103/97 adopted under Article 235 of the EU Treaty and under EC
Regulation 974/98 adopted under Article 109l(4) of the EU Treaty or under any
successor European legislation from time to time.

      "European Communities" means the European Economic Community, the European
Coal and Steel Community and the European Atomic Energy Community.

      "Event of Default" has the meaning specified in Section 501.

      "Exchange Rate" shall have the meaning specified as contemplated in
Section 301.

      "Exchange Rate Agent" shall have the meaning specified as contemplated in
Section 301.

      "Exchange Rate Officer's Certificate", with respect to any date for the
payment of principal of (and premium, if any) and interest on any series of Debt
Securities, means a certificate setting forth the applicable Exchange Rate and
the amounts payable in Dollars and Foreign Currencies in respect of the
principal of (and premium, if any) and interest on Debt Securities denominated
in Euro, any other composite currency or Foreign Currency, and signed by the
Chairman of the Board, a Vice Chairman of the Board, the President, a Vice
President, the Treasurer, an Assistant Treasurer or the Controller of the
Company or the Exchange Rate Agent appointed pursuant to Section 301, and
delivered to the Trustee.

      "Foreign Currency" means a currency issued by the government of any
country other than the United States of America.

      "GAAP" means, as of the date of any determination with respect thereto,
generally accepted accounting principles as used by the Financial Accounting
Standards Board and/or the American Institute of Certified Public Accountants,
consistently applied and maintained throughout the periods indicated.

      "Global Exchange Agent" has the meaning specified in Section 304.

      "Global Exchange Date" has the meaning specified in Section 304.

      "Global Security" means a Debt Security issued to evidence all or part of
a series of Debt Securities in accordance with Section 303.

      "Government Obligations" means, in respect of any series of Debt
Securities, securities of (i) the government which issued the currency in which
Debt Securities of such series are denominated and/or in which interest is
payable on the Debt Securities of such series or (ii) government agencies backed
by the full faith and credit of such government.

      "Holder", with respect to a Registered Security, means a Person in whose
name such Registered Security is registered in the Security Register and, with
respect to a Bearer Security or a coupon, means the bearer thereof.

      "Indenture" means this instrument as originally executed or as it may from
time to time be supplemented, amended or restated by or pursuant to one or more
indentures supplemental hereto entered into pursuant to the applicable
provisions hereof and, unless the context otherwise requires, shall include the
terms of a particular series of Debt Securities established as contemplated by
Section 301.

      The term "interest", when used with respect to an Original Issue Discount
Security which by its terms bears interest only after Maturity, means interest
payable after Maturity.

      "Interest Payment Date", with respect to any Debt Security, means the
Stated Maturity of an installment of interest on such Debt Security.

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

      "Mortgage" means and includes any mortgage, pledge, lien, security
interest, conditional sale or other title retention agreement or other similar
encumbrance.

      "Officers' Certificate" means a certificate signed by the Chairman of the
Board, a Vice Chairman of the Board, the President or a Vice President, and by
the Treasurer, an Assistant Treasurer, the Controller, an Assistant Controller,
the Secretary or an Assistant Secretary of

                                       3
<PAGE>
the Company, and delivered to the Trustee.

      "Opinion of Counsel" means a written opinion of counsel, who may (except
as otherwise expressly provided in this Indenture) be an employee of or counsel
for the Company, or who may be other counsel, which is delivered to the Trustee.

      "Original Issue Discount Security" means any Debt 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 502.

      "Outstanding", when used with respect to Debt Securities means, as of the
date of determination, all Debt Securities theretofore authenticated and
delivered under this Indenture, except:

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

            (ii) Debt Securities or portions thereof for whose payment or
      redemption money or Government Obligations 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 the Company shall act as its own Paying Agent) for the Holders
      of such Debt Securities and any coupons appertaining thereto; provided,
      however, that if such Debt 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

            (iii) Debt Securities in exchange for or in lieu of which other Debt
      Securities have been authenticated and delivered, or which have been paid,
      pursuant to this Indenture;

provided, however, that in determining whether the Holders of the requisite
principal amount of Debt Securities Outstanding have given any request, demand,
authorization, direction, notice, consent or waiver hereunder, Debt Securities
owned by the Company or any other obligor upon the Debt Securities or any
Affiliate of the Company or of such other obligor shall be disregarded and
deemed not to be Outstanding, except that, in determining whether the Trustee
shall be protected in relying upon such request, demand, authorization,
direction, notice, consent or waiver, only Debt Securities which the Trustee
knows to be so owned shall be so disregarded. Debt Securities so owned which
have been pledged in good faith may be regarded as Outstanding if the pledgee
establishes to the satisfaction of the Trustee the pledgee's right so to act
with respect to such Debt Securities and that the pledgee is not the Company or
any other obligor upon the Debt Securities or any Affiliate of the Company or of
such other obligor.

      "Paying Agent" means any Person authorized by the Company to pay the
principal of (and premium, if any) or interest on any Debt Securities on behalf
of the Company.

      "Person" means any individual, corporation, partnership, joint venture,
association, joint-stock company, trust, unincorporated organization or
government or any agency or political subdivision thereof.

      "Place of Payment", when used with respect to the Debt Securities of any
series means any place where the principal of (and premium, if any) and interest
on the Debt Securities of that series are payable as specified as contemplated
by Section 301.

      "Predecessor Security" of any particular Debt Security means every
previous Debt Security evidencing all or a portion of the same debt as that
evidenced by such particular Debt Security; and, for the purposes of this
definition, any Debt Security authenticated and delivered under Section 306 in
lieu of a lost, destroyed or stolen Debt Security shall be deemed to evidence
the same debt as the lost, destroyed or stolen Debt Security.

      "Preferred Stock", as applied to the capital stock of any corporation,
means stock of any class or classes (however designated) which is preferred as
to the payment of dividends, or as to the distribution of assets on any
voluntary or involuntary liquidation or dissolution of such corporation, over
shares of stock of any other class of such corporation.

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

      "Redemption Price", when used with respect to any Debt Security to be
redeemed, means the

                                       4
<PAGE>
price at which it is to be redeemed pursuant to this Indenture.

      "Registered Security" means any Debt Security in the form of Registered
Securities established pursuant to Section 201 which is registered in the
Security Register.

      "Regular Record Date" for the interest payable on any Interest Payment
Date on the Registered Securities of any series means the date specified for
that purpose as contemplated by Section 301.

      "Remarketing Entity", when used with respect to Debt Securities of any
series which are repayable at the option of the Holders thereof before their
Stated Maturity, means any person designated by the Company to purchase any such
Debt Securities.

      "Repayment Date", when used with respect to any Debt Security to be repaid
upon exercise of an option for repayment by the Holder, means the date fixed for
such repayment pursuant to this Indenture.

      "Repayment Price", when used with respect to any Debt Security to be
repaid upon exercise of an option for repayment by the Holder, means the price
at which it is to be repaid pursuant to this Indenture.

      "Responsible Officer" when used with respect to the Trustee, means any
officer of the Trustee assigned by it to administer its corporate trust matters.

      "Security Register" and "Security Registrar" have the respective meanings
specified in Section 305.

      "Special Record Date" for the payment of any Defaulted Interest means a
date fixed by the Trustee pursuant to Section 307.

      "Stated Maturity", when used with respect to any Debt Security or any
installment of interest thereon, means the date specified in such Debt Security
or a coupon representing such installment of interest as the fixed date on which
the principal of such Debt Security or such installment is due and payable.

      "Subsidiary" means any corporation more than 50% of the outstanding shares
of Voting Stock, except for directors' qualifying shares, of which shall at the
time be owned, directly or indirectly, by the Company or by one or more of the
Subsidiaries, or by the Company and one or more other Subsidiaries.

      "Trust Indenture Act" means the Trust Indenture Act of 1939 as in force at
the date as of which this instrument was executed, except as provided in Section
905.

      "Trustee" means the Person named as the "Trustee" in the first paragraph
of this instrument until a successor Trustee shall have become such pursuant to
the applicable provisions of this Indenture, and thereafter "Trustee" shall 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 Debt
Securities of any series shall mean the Trustee with respect to Debt Securities
of that series.

      "United States" means the United States of America (including the District
of Columbia) and its possessions.

      "United States Alien" means any Person who, for United States Federal
income tax purposes, is a foreign corporation, a non-resident alien individual,
a non-resident alien fiduciary of a foreign estate or trust, or a foreign
partnership one or more of the members of which is, for United States Federal
income tax purposes, a foreign corporation, a non-resident alien individual or a
non-resident alien fiduciary of a foreign estate or trust.

      "Voting Stock", as applied to the stock (or the equivalent thereof) of any
corporation, means stock (or the equivalent thereof) of any class or classes,
however designated, entitled in the ordinary course to vote in an election of
directors of such corporation, other than stock (or such equivalent) having such
power only by reason of the happening of a contingency.

      "Wholly-owned Subsidiary" means any Subsidiary all the outstanding

                                       5
<PAGE>
capital stock of which, other than directors' qualifying shares, is owned by the
Company and its other Wholly-owned Subsidiaries.

      Section 102. Compliance Certificates and Opinions.

      Upon any application or request by the Company to the Trustee to take any
action under any provision of this Indenture, the Company shall furnish to the
Trustee, if so requested by the Trustee, an Officers' Certificate stating that
all conditions precedent, if any, provided for in this Indenture relating to the
proposed action have been complied with and an Opinion of Counsel stating that
in the opinion of such counsel all such conditions precedent, if any, have been
complied with, except that in the case of any such application or request as to
which the furnishing of such documents is specifically required by any provision
of this Indenture relating to such particular application or request, no
additional certificate or opinion need be furnished.

      Every certificate or opinion with respect to compliance with a condition
or covenant provided for in this Indenture shall include:

            (1) a statement that each individual signing such certificate or
      opinion has read such covenant or condition and the definitions herein
      relating thereto;

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

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

            (4) a statement as to whether, in the opinion of each such
      individual, such condition or covenant has been complied with.

      Section 103. 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.

      Any certificate or opinion of an officer of the Company may be based,
insofar as it relates to legal matters, upon a certificate or opinion of, or
representations by, counsel, unless such officer knows, or in the exercise of
reasonable care should know, that the certificate or opinion or representations
with respect to the matters upon which his or her certificate or opinion is
based is erroneous. Any such certificate or Opinion of Counsel may be based,
insofar as it relates to factual matters, upon a certificate or opinion of, or
representations by, an officer or officers of the Company stating that the
information with respect to such factual matters is in the possession of the
Company, unless such counsel knows, or in the exercise of reasonable care should
know, that the certificate or opinions or representations with respect to such
matters is erroneous.

      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 104. Acts of Holders.

      (a) Any request, demand, authorization, direction, notice, consent, waiver
or other action provided 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 an agent duly appointed in writing.
If Debt Securities of a series are issuable in whole or in part as Bearer
Securities, any request, demand, authorization, direction, notice, consent,
waiver or other action provided by this Indenture to be given or taken by
Holders may, alternatively, be embodied in and evidenced by the record of
Holders of Debt Securities voting in favor thereof, either in person or by
proxies duly appointed in writing, at any meeting of Holders of Debt Securities
duly called and held in accordance with the provisions of Article Fourteen, or a

                                       6
<PAGE>
combination of such instruments and any such record. Except as herein otherwise
expressly provided, such action shall become effective when such instrument or
instruments or record or both are delivered to the Trustee, and, where it is
hereby expressly required, to the Company. Such instrument or instruments and
any such record (and the action embodied therein and evidenced thereby) are
herein sometimes referred to as the "Act" of the Holders signing such instrument
or instruments and so voting at any such meeting. Proof of execution of any such
instrument or of a writing appointing any such agent, or the holding by any
Person of a Debt Security, shall be sufficient for any purpose of this Indenture
and (subject to Section 601) conclusive in favor of the Trustee and the Company,
if made in the manner provided in this Section. The record of any meeting of
Holders of Debt Securities shall be proved in the manner provided in Section
1406.

      (b) The fact and date of the execution by any Person of any such
instrument or writing may be proved in any manner which the Trustee deems
sufficient.

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

      (d) The principal amount and serial numbers of Bearer Securities held by
any Person, and the date of holding the same, may be proved by the production of
such Bearer Securities or by a certificate executed, as depositary, by any trust
company, bank, banker or other depositary, wherever situated, if such
certificate shall be deemed by the Trustee to be satisfactory, showing that at
the date therein mentioned such Person had on deposit with such depositary, or
exhibited to it, the Bearer Securities in the amount and with the serial numbers
therein described; or such facts may be proved by the certificate or affidavit
of the Person holding such Bearer Securities, if such certificate or affidavit
is deemed by the Trustee to be satisfactory. The Trustee and the Company may
assume that such ownership of any Bearer Security continues until (1) another
certificate or affidavit bearing a later date issued in respect of the same
Bearer Security is produced, or (2) such Bearer Security is produced to the
Trustee by some other person, or (3) such Bearer Security is surrendered in
exchange for a Registered Security, or (4) such Bearer Security is no longer
Outstanding.

      (e) The fact and date of execution of any such instrument or writing, the
authority of the Person executing the same and the principal amount and serial
numbers of Bearer Securities held by the Person so executing such instrument or
writing and the date of holding the same may also be proved in any other manner
which the Trustee deems sufficient; and the Trustee may in any instance require
further proof with respect to any of the matters referred to in this Section.

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

      (g) For purposes of determining the principal amount of Outstanding Debt
Securities of any series the Holders of which are required, requested or
permitted to give any request, demand, authorization, direction, notice,
consent, waiver or take any other Act under this Indenture, (i) each Original
Issue Discount Security shall be deemed to have the principal amount determined
by the Trustee that could be declared to be due and payable pursuant to the
terms of such Original Issue Discount Security as of the date there is delivered
to the Trustee and, where it is hereby expressly required, to the Company, such
Act by Holders of the required aggregate principal amount of the Outstanding
Debt Securities of such series and (ii) each Debt Security denominated in a
Foreign Currency or composite currency shall be deemed to have the principal
amount determined by the Exchange Rate Agent by converting the principal amount
of such Debt Security in the currency in which such Debt Security is denominated
into Dollars at the Exchange Rate as of the date such Act is delivered to the
Trustee and, where it is hereby expressly required, to the Company, by Holders
of the required aggregate principal amount of the Outstanding Debt Securities of
such series.

      (h) The Company may set any day as a record date for the purpose of
determining the Holders of Outstanding Debt Securities of any series entitled to
give, make or take any request, demand, authorization, direction, notice,
consent, waiver or other action provided or permitted by this Indenture to be
given, made or taken by Holders of Debt Securities of such series, provided that
the Company may not set a record date for, and the provisions of this paragraph
shall not apply with respect to, the giving or making of any notice,
declaration, request or direction referred to in the next paragraph. If any
record date is set pursuant to this paragraph, the Holders of Outstanding Debt
Securities of the relevant series on such record date, and no other Holders,
shall be entitled to take the relevant action, whether or not such Holders
remain Holders after such record date; provided that no such action shall be
effective hereunder unless taken on or

                                       7
<PAGE>
prior to the applicable Expiration Date (as defined below) by Holders of the
requisite principal amount of Outstanding Debt Securities of such series on such
record date. Nothing in this paragraph shall be construed to prevent the Company
from setting a new record date for any action for which a record date has
previously been set pursuant to this paragraph (whereupon the record date
previously set shall automatically and with no action by any Person be cancelled
and of no effect), and nothing in this paragraph shall be construed to render
ineffective any action taken by Holders of the requisite principal amount of
Outstanding Debt Securities of the relevant series on the date such action is
taken. Promptly after any record date is set pursuant to this paragraph, the
Company, at its own expense, shall cause notice of such record date, the
proposed action by Holders and the applicable Expiration Date to be given to the
Trustee in writing and to each Holder of Debt Securities of the relevant series
in the manner set forth in Section 106.

      The Trustee may set any day as a record date for the purpose of
determining the Holders of Outstanding Debt Securities of any series entitled to
join in the giving or making of (i) any notice of an Event of Default, (ii) any
declaration of acceleration referred to in Section 502, (iii) any request to
institute proceedings referred to in Section 507(2), or (iv) any direction
referred to in Section 512, in each case with respect to Debt Securities of such
series. If any record date is set pursuant to this paragraph, the Holders of
Outstanding Debt Securities of such series on such record date, and no other
Holders, shall be entitled to join in such notice, declaration, request or
direction, whether or not such Holders remain Holders after such record date;
provided that no such action shall be effective hereunder unless taken on or
prior to the applicable Expiration Date by Holders of the requisite principal
amount of Outstanding Debt Securities of such series on such record date.
Nothing in this paragraph shall be construed to prevent the Trustee from setting
a new record date for any action for which a record date has previously been set
pursuant to this paragraph (whereupon the record date previously set shall
automatically and with no action by any Person be cancelled and of no effect),
and nothing in this paragraph shall be construed to render ineffective any
action taken by Holders of the requisite principal amount of Outstanding Debt
Securities of the relevant series on the date such action is taken. Promptly
after any record date is set pursuant to this paragraph, the Trustee, at the
Company's expense, shall cause notice of such record date, the proposed action
by Holders and the applicable Expiration Date to be given to the Company in
writing and to each Holder of Debt Securities of the relevant series in the
manner set forth in Section 106.

      With respect to any record date set pursuant to this Section, the party
hereto which sets such record dates may designate any day as the "Expiration
Date" and from time to time may change the Expiration Date to any earlier or
later day; provided that no such change shall be effective unless notice of the
proposed new Expiration Date is given to the other party hereto in writing, and
to each Holder of Debt Securities of the relevant series in the manner set forth
in Section 106, on or prior to the existing Expiration Date. If an Expiration
Date is not designated with respect to any record date set pursuant to this
Section, the party hereto which set such record date shall be deemed to have
initially designated the 180th day after such record date as the Expiration Date
with respect thereto, subject to its right to change the Expiration Date as
provided in this paragraph.

      Section 105. Notices, etc., to Trustee and Company.

      Any request, demand, authorization, direction, notice, consent, waiver or
other Act of Holders or other document provided or permitted by this Indenture
to be made upon, given or furnished to, or filed with,

            (1) the Trustee by any Holder or by the Company shall be sufficient
      for every purpose hereunder (unless otherwise herein expressly provided),
      if made, given, furnished or filed in writing (which may be via original
      or facsimile) to or with the Trustee at its Corporate Trust Office, or

            (2) the Company by the Trustee or by any Holder shall 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 the attention of its Secretary at the address of its
      principal office specified in the first paragraph of this instrument or at
      any other address previously furnished in writing to the Trustee by the
      Company. Section 106. Notice to Holders; Waiver.

      Except as otherwise expressly provided herein, where this Indenture
provides for notice to Holders of any event, (1) such notice shall be
sufficiently given to Holders of Registered Securities if in writing and mailed,
first-class postage prepaid, to each Holder of a Registered Security affected by
such event, at such Holder's address as it appears in the Security Register, not
later than the latest date, and not earlier than the earliest date, prescribed
for

                                       8
<PAGE>
the giving of such notice; and (2) such notice shall be sufficiently given to
Holders of Bearer Securities by publication thereof in an Authorized Newspaper
in The City of New York and, if the Debt Securities of such series are then
listed on The International Stock Exchange of the United Kingdom and the
Republic of Ireland and such stock exchange shall so require, in London, and, if
the Debt Securities of such series are then listed on the Luxembourg Stock
Exchange and such stock exchange shall so require, in Luxembourg and, if the
Debt Securities of such series are then listed on any other stock exchange
outside the United States and such stock exchange shall so require, in any other
required city outside the United States or, if not practicable, in Europe on a
Business Day at least twice, the first such publication to be not later than the
latest date and not earlier than the earliest date prescribed for the giving of
such notice.

      In case, by reason of the suspension of or irregularities in regular mail
service or for any other reason, it shall be impossible or impracticable to mail
notice of any event to Holders of Registered Securities when said notice is
required to be given pursuant to any provision of this Indenture or of the Debt
Securities, then any manner of giving such notice as shall be satisfactory to
the Trustee shall be deemed to be a sufficient giving of such notice. In any
case where notice to Holders of Registered Securities is to be given by mail,
neither the failure to mail such notice, nor any defect in any notice so mailed,
to any particular Holder of a Registered Security shall affect the sufficiency
of such notice with respect to other Holders of Registered Securities or the
sufficiency of any notice by publication to Holders of Bearer Securities given
as provided above.

      In case, by reason of the suspension of publication of any Authorized
Newspaper, or by reason of any other cause, it shall be impossible or
impracticable to make publication of any notice to Holders of Bearer Securities
as provided above, then such method of publication or notification as shall be
made with the approval of the Trustee shall constitute a sufficient publication
of such notice. Neither failure to give notice by publication to Holders of
Bearer Securities as provided above, nor any defect in any notice so published,
shall affect the sufficiency of any notice mailed to Holders of Registered
Securities as provided above.

      Where this Indenture provides for notice in any manner, such notice may be
waived in writing by the Person entitled to receive such notice, either before
or after the event, and such waiver shall be the equivalent of such notice.
Waivers of notice by Holders shall be filed with the Trustee, but such filing
shall not be a condition precedent to the validity of any action taken in
reliance upon such waiver.

      Any request, demand, authorization, direction, notice, consent, election,
waiver or other Act required or permitted under this Indenture shall be in the
English language, except that any published notice may be in an official
language of the country of publication.

      Section 107. Conflict with Trust Indenture Act.

      If any provision hereof limits, qualifies or conflicts with another
provision hereof which is required to be included in this Indenture by any of
the provisions of the Trust Indenture Act, such required provision shall
control.

      Section 108. Effect of Headings and Table of Contents.

      The Article and Section headings herein and the Table of Contents are for
convenience only and shall not affect the construction hereof. Section 109.
Successors and Assigns.

      All covenants and agreements in this Indenture by the Company shall bind
its successors and assigns, whether so expressed or not.

      Section 110. Separability Clause.

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

      Section 111. Benefits of Indenture.

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

      Section 112. Governing Law.

                                       9
<PAGE>
      This Indenture and the Debt Securities and any coupons shall be governed
by and construed in accordance with the laws of the State of Minnesota.

      Section 113. Legal Holidays.

      In any case where any Interest Payment Date, Redemption Date, Repayment
Date or Stated Maturity of any Debt Security shall not be a Business Day at any
Place of Payment, then (notwithstanding any other provision of this Indenture or
of the Debt Securities or any coupons) 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, Redemption Date,
Repayment Date or at the Stated Maturity, and no interest shall accrue on the
amount so payable for the period from and after such Interest Payment Date,
Redemption Date, Repayment Date or Stated Maturity, as the case may be.

      Section 114. Exemption from Individual Liability.

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

      Section 115. Counterparts.

      This Indenture may be executed in any number of counterparts, each of
which so executed shall be deemed to be an original, but all such counterparts
shall together constitute but one and the same Indenture.

                                   ARTICLE TWO

                               Debt Security Forms

      Section 201. Forms Generally.

      The Registered Securities, if any, and the Bearer Securities and related
coupons, if any, of each series shall be in substantially the form (including
temporary or permanent global form) as shall be established in 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
Debt Securities or coupons, as evidenced by their signatures on the Debt
Securities or coupons. If the form of Debt Securities of any series or coupons
(including any such Global Security) is established by action taken pursuant to
a Board Resolution, a copy of an appropriate record of such action shall be
certified by the Secretary or an Assistant Secretary of the Company and
delivered to the Trustee at or prior to the delivery of the Company Order
contemplated by Section 303 for the authentication and delivery of such Debt
Securities or coupons.

      Unless otherwise specified as contemplated by Section 301, Debt Securities
in bearer form other than Debt Securities in temporary or permanent global form
shall have coupons attached.

      The definitive Debt Securities and coupons, if any, shall be printed,
lithographed or engraved on steel engraved borders or may be produced in any
other manner, all as determined by

                                       10
<PAGE>
the officers executing such Debt Securities, as evidenced by the execution of
such Debt Securities and coupons.

      Section 202. Form of Trustee's Certificate of Authentication.

      This is one of the Debt Securities, of the series designated herein,
described in the within-mentioned Indenture.

                                                                             '
                                       --------------------------------------
                                       as Trustee

                                       By
                                          -----------------------------------
                                                   Authorized Officer

      Section 203. Debt Securities in Global Form.

      If Debt Securities of a series are issuable in whole or in part in global
form, as specified as contemplated by Section 301, then, notwithstanding clause
(10) of Section 301 and the provisions of Section 302, such Global Security
shall represent such of the outstanding Debt Securities of such series as shall
be specified therein and may provide that it shall represent the aggregate
amount of Outstanding Debt Securities from time to time endorsed thereon and
that the aggregate amount of Outstanding Debt Securities represented thereby may
from time to time be reduced to reflect exchanges. Any endorsement of a Global
Security to reflect the amount, or any increase or decrease in the amount, of
Outstanding Debt Securities represented thereby shall be made in such manner and
upon instructions given by such Person or Persons as shall be specified therein
or in the Company Order to be delivered to the Trustee pursuant to Section 303
or Section 304.

      The provisions of the last sentence of Section 303(g) shall apply to any
Debt Securities represented by a Debt Security in global form if such Debt
Security was never issued and sold by the Company and the Company delivers to
the Trustee the Debt Security in global form together with written instructions
(which need not comply with Section 102 and need not be accompanied by an
Opinion of Counsel) with respect to the reduction in the principal amount of
Debt Securities represented thereby, together with the written statement
contemplated by the last sentence of Section 303(g).

      Global Securities may be issued in either registered or bearer form and in
permanent form or, in the case of Bearer Securities, either temporary or
permanent form.

                                  ARTICLE THREE

                               The Debt Securities

      Section 301. Amount Unlimited; Issuance in Series.

      The aggregate principal amount of Debt Securities which may be
authenticated and delivered under this Indenture is unlimited.

      The Debt Securities may be issued in one or more series. There shall be
established in or pursuant to a Board Resolution, and set forth in an Officers'
Certificate, or established in one or more indentures supplemental hereto, prior
to the issuance of Debt Securities of any series:

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

            (2) the limit, if any, upon the aggregate principal amount of the
      Debt Securities of the series which may be authenticated and delivered
      under this Indenture (except for Debt Securities authenticated and
      delivered upon registration of transfer of, or in exchange for, or in lieu
      of, other Debt Securities of the series pursuant to Section 304, 305, 306,
      906, 1107 or 1303 and except for any Debt Securities which, pursuant to
      Section 303, are deemed never to have been authenticated and delivered
      hereunder);

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

                                       11
<PAGE>
            (4) the rate or rates, if any, at which the Debt Securities of the
      series shall bear interest, or the method or methods by which such rate or
      rates may be determined, the date or dates from which such interest shall
      accrue, the Interest Payment Dates on which such interest shall be
      payable, the Regular Record Date for the interest payable on any
      Registered Security on any Interest Payment Date and the circumstances, if
      any, in which the Company may defer interest payments;

            (5) the place or places where, subject to the provisions of Section
      1002, the principal of (and premium, if any) and interest on Debt
      Securities of the series shall be payable, any Registered Securities of
      the series may be surrendered for registration of transfer, Debt
      Securities of the series may be surrendered for exchange and notices and
      demands to or upon the Company in respect of the Debt Securities of the
      series and this Indenture may be served and where notices to Holders
      pursuant to Section 106 will be published;

            (6) if applicable, the period or periods within which or the date or
      dates on which, the price or prices at which and the terms and conditions
      upon which Debt Securities of the series may be redeemed, in whole or in
      part, at the option of the Company;

            (7) the obligation, if any, of the Company to redeem, repay or
      purchase Debt 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 Debt Securities of the series shall be redeemed,
      repaid or purchased, in whole or in part, pursuant to such obligation;

            (8) whether Debt Securities of the series are to be issuable as
      Registered Securities, Bearer Securities or both, whether Debt Securities
      of the series are to be issuable with or without coupons or both and, in
      the case of Bearer Securities, the date as of which such Bearer Securities
      shall be dated if other than the date of original issuance of the first
      Debt Security of such series of like tenor and term to be issued;

            (9) whether the Debt Securities of the series shall be issued in
      whole or in part in the form of a Global Security or Securities and, in
      such case, the Depositary and Global Exchange Agent for such Global
      Security or Securities, whether such global form shall be permanent or
      temporary and, if applicable, the Global Exchange Date;

            (10) if Debt Securities of the series are to be issuable initially
      in the form of a temporary Global Security, the circumstances under which
      the temporary Global Security can be exchanged for definitive Debt
      Securities and whether the definitive Debt Securities will be Registered
      and/or Bearer Securities and will be in global form and whether interest
      in respect of any portion of such Global Security payable in respect of an
      Interest Payment Date prior to the Global Exchange Date shall be paid to
      any clearing organization with respect to a portion of such Global
      Security held for its account and, in such event, the terms and conditions
      (including any certification requirements) upon which any such interest
      payment received by a clearing organization will be credited to the
      Persons entitled to interest payable on such Interest Payment Date if
      other than as provided in this Article Three;

            (11) whether, and under what conditions, additional amounts will be
      payable to Holders of Debt Securities of the series pursuant to Section
      1006;

            (12) the denominations in which any Registered Securities of the
      series shall be issuable, if other than denominations of $1,000 and any
      integral multiple thereof, and the denominations in which any Bearer
      Securities of such series shall be issuable, if other than the
      denomination of $5,000;

            (13) if other than the principal amount thereof, the portion of the
      principal amount of Debt Securities of the series which shall be payable
      upon declaration of acceleration of the Maturity thereof pursuant to

                                       12
<PAGE>
      Section 502;

            (14) the currency or currencies of denomination of the Debt
      Securities of any series, which may be in Dollars, any Foreign Currency or
      any composite currency, including but not limited to the Euro, and, if any
      such currency of denomination is a composite currency other than the Euro,
      the agency or organization, if any, responsible for overseeing such
      composite currency;

            (15) the currency or currencies in which payment of the principal of
      (and premium, if any) and interest on the Debt Securities will be made,
      any other currency or currencies in which payment of the principal of (and
      premium, if any) or the interest on Registered Securities, at the election
      of each of the Holders thereof, may also be payable and the periods within
      which and the terms and conditions upon which such election is to be made,
      and the Exchange Rate and Exchange Rate Agent;

            (16) if the amount of payments of principal of (and premium, if any)
      or interest on the Debt Securities of the series may be determined with
      reference to an index, the manner in which such amounts shall be
      determined;

            (17) if payments of principal of (and premium, if any) or interest
      on the Debt Securities of the series are to be made in a Foreign Currency
      other than the currency in which such Debt Securities are denominated, the
      manner in which the Exchange Rate with respect to such payments shall be
      determined;

            (18) any Events of Default with respect to Debt Securities of such
      series, if not set forth herein and any Events of Default set forth herein
      that shall not apply to the Debt Securities of such series;

            (19) any other covenant or warranty included for the benefit of the
      Debt Securities of the series in addition to (and not inconsistent with)
      those set forth herein for the benefit of Debt Securities of all series,
      or any other covenant or warranty included for the benefit of Debt
      Securities of the series in lieu of any covenant or warranty set forth
      herein for the benefit of Debt Securities of all series, or any provision
      that any covenant or warranty set forth herein for the benefit of Debt
      Securities of all series shall not be for the benefit of Debt Securities
      of such series, or any combination of such covenants, warranties or
      provisions and whether the provisions of Section 1009 will not apply to
      such covenants and warranties;

            (20) the terms and conditions, if any, pursuant to which the
      Company's obligations under this Indenture may be terminated through the
      deposit of money or Government Obligations as provided in Articles Four
      and Fifteen;

            (21) the Person or Persons who shall be Security Registrar for the
      Debt Securities of such series if other than the Trustee, and the place or
      places where the Security Register for such series shall be maintained and
      the Person or Persons who will be the initial Paying Agent or Agents, if
      other than the Trustee;

            (22) if the Debt Securities of the series are convertible or
      exchangeable for any securities of any Person (including the Company), the
      terms and conditions upon which such Debt Securities will be convertible
      or exchangeable;

            (23) whether or not the Debt Securities of the series will be
      subordinated in right of payment to senior indebtedness and the terms of
      any such subordination; and

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

      All Debt Securities of any one series and the coupons appertaining to
Bearer Securities of such series, if any, shall be substantially identical
except, in the case of Registered Securities, as to denomination and except as
may otherwise be provided in or pursuant to such

                                       13
<PAGE>
Board Resolution and set forth in such Officers' Certificate or in any such
indenture supplemental hereto.

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

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

      Section 302. Denominations.

      Debt Securities of each series shall be issuable in such form and
denominations as shall be specified in the form of Debt Security for such series
approved or established pursuant to Section 201 or in the Officers' Certificate
delivered pursuant to Section 301. In the absence of any specification with
respect to the Debt Securities of any series, the Registered Securities of such
series, if any, shall be issuable in denominations of $1,000 and any integral
multiple thereof and the Bearer Securities of such series, if any, shall be
issuable in the denominations of $5,000.

      Section 303. Execution, Authentication, Delivery and Dating.

      (a) The Debt Securities shall be executed on behalf of the Company by its
Chairman of the Board, a Vice Chairman of the Board, the President, a Vice
President, the Treasurer or one of its Assistant Treasurers and by its Secretary
or one of its Assistant Secretaries under its corporate seal reproduced thereon.
The signature of any of these officers on the Debt Securities may be manual or
facsimile. Coupons shall bear the facsimile signature of an authorized officer
of the Company.

      Debt Securities and coupons bearing the manual or facsimile signatures of
individuals who were at any time the proper officers of the Company shall 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 Debt
Securities or coupons of any series or did not hold such offices at the date of
such Debt Securities or coupons.

      (b) At any time and from time to time after the execution and delivery of
this Indenture, Debt Securities of any series may be executed by the Company and
delivered to the Trustee for authentication, and, except as otherwise provided
in this Article Three, shall thereupon be authenticated and delivered by the
Trustee upon Company Order, without any further action by the Company; provided,
however, that, in connection with its original issuance, a Bearer Security may
be delivered only outside the United States and, except in the case of a
temporary Global Security, only if the Company or its agent shall have received
the certification required pursuant to Sections 304(b)(iii) and (iv), unless
such certification shall have been provided earlier pursuant to Section
304(b)(v) hereof, and only if the Company has no reason to know that such
certification is false.

      To the extent authorized in or pursuant to a Board Resolution and set
forth in an Officers' Certificate, or established in one or more indentures
supplemental hereto, such written Company Order may be given by any one officer
or employee of the Company, may be electronically transmitted, and may provide
instructions as to registration of holders, principal amounts, rates of
interest, maturity dates and other matters contemplated by such Board Resolution
and Officers' Certificate or supplemental indenture to be so instructed in
respect thereof. Before authorizing and delivering the first Debt Securities of
any series (and upon request of the Trustee thereafter), the Company shall
deliver to the Trustee (i) the certificates called for under Sections 201 and
301 hereof and (ii) an Opinion of Counsel described in the next sentence.

      In authenticating such Debt Securities, and accepting the additional
responsibilities under this Indenture in relation to any such Debt Securities,
the Trustee shall be entitled to receive, prior to the initial authentication of
such Debt Securities, and (subject to Section 601) shall be fully protected in
relying upon:

            (i) a Board Resolution relating thereto and, if applicable, an
      appropriate record of any action taken pursuant to such resolution
      certified by the Secretary or an Assistant Secretary of the Company;

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

                                       14
<PAGE>

            (iii) an Officers' Certificate setting forth the form and terms of
      the Debt Securities of such series and coupons, if any, pursuant to
      Sections 201 and 301 and stating that all conditions precedent provided
      for in this Indenture relating to the issuance of such Debt Securities
      have been complied with; and

            (iv) an Opinion of Counsel stating

                  (A) that the form of such Debt Securities and coupons, if any,
            has been established in or pursuant to a Board Resolution or by a
            supplemental indenture as permitted by Section 201 in conformity
            with the provisions of this Indenture;

                  (B) that the terms of such Debt Securities and coupons, if
            any, have been established in or pursuant to a Board Resolution or
            by a supplemental indenture as permitted by Section 301 in
            conformity with the provisions of this Indenture; and

                  (C) that such Debt Securities and coupons, if any, 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, subject, as
            to enforcement of remedies, to applicable bankruptcy,
            reorganization, insolvency, moratorium or other laws affecting
            creditors' rights generally and the application of general
            principles of equity and except further as enforcement thereof may
            be limited by (i) requirements that a claim with respect to any Debt
            Securities denominated other than in Dollars (or a Foreign Currency
            or currency unit judgment in respect of such claim) be converted
            into Dollars at a rate of exchange prevailing on a date determined
            pursuant to applicable law or (ii) governmental authority to limit,
            delay or prohibit the making of payments in Foreign Currencies or
            currency units or payments outside the United States.

      (c) If the Company shall establish pursuant to Section 301 that the Debt
Securities of a series are to be issued in whole or in part in the form of one
or more Global Securities, then the Company shall execute and the Trustee shall,
in accordance with this Section and the Company Order with respect to such
series, authenticate and deliver one or more Global Securities in permanent or
temporary form that (i) shall represent and shall be denominated in an aggregate
amount equal to the aggregate principal amount of the Outstanding Debt
Securities of such series to be represented by one or more Global Securities,
(ii) shall be registered in the name of the Depositary for such Global Security
or Securities or the nominee of such Depositary and (iii) shall be delivered by
the Trustee to such Depositary or pursuant to such Depositary's instructions.

      (d) The Trustee shall have the right to decline to authenticate and
deliver any Debt Securities under this Section 303 if the issuance of such Debt
Securities will adversely affect the Trustee's own rights, duties or immunities
under the Debt Securities and this Indenture or otherwise in a manner which is
not reasonably acceptable to the Trustee.

      (e) If all the Debt Securities of any series are not to be issued at one
time, it shall not be necessary to deliver an Opinion of Counsel at the time of
issuance of each Debt Security, but such Opinion of Counsel, with appropriate
modifications, may instead be delivered at or prior to the time of the first
issuance of Debt Securities of such series.

      (f) Each Registered Security shall be dated the date of its
authentication. Each Bearer Security shall be dated as of the date specified as
contemplated by Section 301.

      (g) No Debt Security or coupon attached thereto shall be entitled to any
benefit under this Indenture or be valid or obligatory for any purpose, unless
there appears on such Debt Security a certificate of authentication
substantially in the form provided for herein executed by the Trustee, and such
certificate upon any Debt Security shall be conclusive evidence, and the only
evidence, that such Debt Security has been duly authenticated and delivered
hereunder. Except as permitted by Section 306, the Trustee shall not
authenticate and deliver any Bearer Security unless all appurtenant coupons for
interest then matured have been detached and cancelled. Notwithstanding the
foregoing, if any Debt Security or portion thereof shall have been duly
authenticated and delivered hereunder but never issued and sold by the Company,
and the Company shall deliver such Debt Security to the Trustee for cancellation
as provided in Section 309 together with a written statement (which need not
comply with Section 102 and need not be

                                       15
<PAGE>
accompanied by an Opinion of Counsel) stating that such Debt Security or portion
thereof has never been issued and sold by the Company, for all purposes of this
Indenture such Debt Security shall be deemed never to have been authenticated
and delivered hereunder and shall never be entitled to the benefits of this
Indenture.

      (h) Each Depositary designated pursuant to Section 301 for a Global
Security in registered form must, at the time of its designation and at all
times while it serves as Depositary, be a clearing agency registered under the
Securities Exchange Act of 1934 and any other applicable statute or regulation.

      Section 304. Temporary Debt Securities.

      (a) Pending the preparation of definitive Debt Securities of any series,
the Company may execute, and upon receipt of documents required by Sections 301
and 303, together with a Company Order, the Trustee shall authenticate and
deliver, temporary Debt Securities which are printed, lithographed, typewritten,
mimeographed or otherwise produced, in any denomination, substantially of the
tenor and terms of the definitive Debt Securities in lieu of which they are
issued in registered form or, if authorized, in bearer form with one or more
coupons or without coupons, and with such appropriate insertions, omissions,
substitutions and other variations as the officers executing such Debt
Securities may determine, as evidenced by their signatures on such Debt
Securities. In the case of Debt Securities of any series issuable as Bearer
Securities, such temporary Debt Securities may be in global form, representing
all or any part of the Outstanding Debt Securities of such series.

      (b) Unless otherwise provided pursuant to Section 301:

            (i) Except in the case of temporary Debt Securities in global form,
      if temporary Debt Securities of any series are issued, the Company will
      cause definitive Debt Securities of such series to be prepared without
      unreasonable delay. After the preparation of definitive Debt Securities of
      such series, the related temporary Debt Securities shall be exchangeable
      for such definitive Debt Securities upon surrender of the temporary Debt
      Securities of such series at the office or agency of the Company in the
      Place of Payment for such series, without charge to the Holder. Upon
      surrender for cancellation of any one or more temporary Debt Securities of
      any series (accompanied, if applicable, by all unmatured coupons and all
      matured coupons in default appertaining thereto), the Company shall
      execute and the Trustee shall authenticate and deliver in exchange
      therefor a like principal amount of definitive Debt Securities of the same
      series of like tenor and terms and of authorized denominations; provided,
      however, that no Bearer Security shall be delivered in exchange for a
      Registered Security; and provided, further, that a Bearer Security shall
      be delivered in exchange for a Bearer Security only in compliance with the
      conditions set forth in Section 305.

            (ii) If Debt Securities of any series are issued in temporary global
      form, any such temporary Global Security shall, unless otherwise provided
      pursuant to Section 301, be delivered to the Depositary for credit to the
      respective accounts of the beneficial owners of such Debt Securities (or
      to such other accounts as they may direct).

            (iii) Without unnecessary delay but in any event not later than the
      date specified in, or determined pursuant to the terms of, any such
      temporary Global Security (the "Global Exchange Date"), the Company shall
      deliver definitive Debt Securities to the Trustee or the agent appointed
      by the Company pursuant to Section 301 to effect the exchange of the
      temporary Global Security for definitive Debt Securities (the "Global
      Exchange Agent"), in an aggregate principal amount equal to the principal
      amount of such temporary Global Security, executed by the Company. On or
      after the Global Exchange Date, such temporary Global Security shall be
      surrendered by the Depositary to the Global Exchange Agent, to be
      exchanged, in whole or from time to time in part, for definitive Debt
      Securities without charge and the Trustee or the Global Exchange Agent, if
      authorized by the Trustee pursuant to Section 614, shall authenticate and
      deliver, in exchange for each portion of such temporary Global Security,
      an equal aggregate principal amount of definitive Debt Securities of the
      same series of authorized denominations and of like tenor and terms as the
      portion of such temporary Global Security to be exchanged. Upon any
      exchange of a part of such temporary Global Security for definitive Debt
      Securities, the portion

                                       16
<PAGE>
      of the principal amount and any interest thereon so exchanged shall be
      endorsed by the Global Exchange Agent on a schedule to such temporary
      Global Security, whereupon the principal amount and interest payable with
      respect to such temporary Global Security shall be reduced for all
      purposes by the amount so exchanged and endorsed. The definitive Debt
      Securities to be delivered in exchange for any such temporary Global
      Security shall be in bearer form, registered form, global registered form
      or global bearer form, or any combination thereof, as specified as
      contemplated by Section 301, and, if any combination thereof is so
      specified, as requested by the beneficial owner thereof; provided,
      however, that definitive Bearer Securities (including a definitive Global
      Bearer Security) shall be delivered in exchange for a portion of a
      temporary Global Security only in compliance with the requirements of
      Section 303.

            (iv) The interest of a beneficial owner of Debt Securities of a
      series in a temporary Global Security shall be exchanged for definitive
      Debt Securities of the same series and of like tenor and terms following
      the Global Exchange Date upon request by the account holder and, in the
      case of the exchange of the temporary Global Security for definitive
      Bearer Securities (including a definitive Global Bearer Security), the
      account holder delivers a certificate in the form set forth in Exhibit A-1
      and, if applicable, A-2 to this Indenture, dated no earlier than 15 days
      prior to the Global Exchange Date, copies of which certificate shall be
      available from the Global Exchange Agent, any authenticating agent
      appointed for such series of Debt Securities and each Paying Agent. Unless
      otherwise specified in such temporary Global Security, any such exchange
      shall be made free of charge to the beneficial owners of such temporary
      Global Security, except that a Person receiving definitive Debt Securities
      must bear the cost of insurance, postage, transportation and the like in
      the event that such Person does not take delivery of such definitive Debt
      Securities in person at the offices of Global Exchange Agent. Definitive
      Debt Securities in bearer form to be delivered in exchange for any portion
      of a temporary Global Security shall be delivered only outside the United
      States.

            (v) Until exchanged in full as hereinabove provided, the temporary
      Debt Securities of any series shall in all respects be entitled to the
      same benefits under this Indenture as definitive Debt Securities of the
      same series and of like tenor and terms authenticated and delivered
      hereunder.

      Section 305. Registration; Registration of Transfer and Exchange.

      The Company shall cause to be kept at one of the offices or agencies to be
maintained by the Company in accordance with the provisions of this Section 305
and Section 1002, with respect to the Debt Securities of each series which are
Registered Securities, a register (herein sometimes referred to as the "Security
Register") in which, subject to such reasonable regulations as it may prescribe,
the Company shall provide for the registration of Registered Securities and of
transfers of Registered Securities. Pursuant to Section 301, the Company shall
appoint, with respect to Debt Securities of each series which are Registered
Securities, a "Security Registrar" for the purpose of registering such Debt
Securities and transfers and exchanges of such Debt Securities as herein
provided.

      Upon surrender for registration of transfer of any Registered Security of
any series at the office or agency of the Company maintained for such purpose,
the Company shall execute, and the Trustee shall authenticate and deliver, in
the name of the designated transferee or transferees, one or more new Registered
Securities of the same series of any authorized denomination or denominations,
of like tenor and terms and aggregate principal amount.

      At the option of the Holder, Registered Securities of any series may be
exchanged for other Registered Securities of the same series of any authorized
form and denomination, of like tenor and terms and aggregate principal amount,
upon surrender of the Registered Securities to be exchanged at such office or
agency. Bearer Securities may not be delivered in exchange for Registered
Securities.

      At the option of the Holder, Registered Securities or Bearer Securities of
any series may be issued in exchange for Bearer Securities (except as otherwise
specified as contemplated by Section 301 with respect to a Bearer Security in
global form) of the same series, of any

                                       17
<PAGE>
authorized denominations and of like tenor and terms and aggregate principal
amount, upon surrender of the Bearer Securities to be exchanged at any such
office or agency, with all unmatured coupons and all matured coupons in default
thereto appertaining. If the Holder of a Bearer Security is unable to produce
any such unmatured coupon or coupons or matured coupon or coupons in default,
such exchange may be effected if the Bearer Securities are accompanied by
payment in funds acceptable to the Company and the Trustee in an amount equal to
the face amount of such missing coupon or coupons, or the surrender of such
missing coupon or coupons may be waived by the Company and the Trustee if there
be furnished to them such security or indemnity as they may require to save each
of them and any Paying Agent harmless. If thereafter the Holder of such Security
shall surrender to any Paying Agent any such missing coupon in respect of which
such a payment shall have been made, such Holder shall be entitled to receive
the amount of such payment; provided, however, that, except as otherwise
provided in Section 1002, interest represented by coupons shall be payable only
upon presentation and surrender of those coupons at an office or agency located
outside the United States. Notwithstanding the foregoing, in case a Bearer
Security of any series is surrendered at any such office or agency in exchange
for a Registered Security of the same series and like tenor and terms after the
close of business at such office or agency on (i) any Regular Record Date and
before the opening of business at such office or agency on the relevant Interest
Payment Date, or (ii) any Special Record Date and before the opening of business
at such office or agency on the related date for payment of Defaulted Interest,
such Bearer Security shall be surrendered without the coupon relating to such
Interest Payment Date or proposed date of payment, as the case may be.

      Whenever any Debt Securities are so surrendered for exchange, the Company
shall execute, and the Trustee shall authenticate and deliver, the Debt
Securities which the Holder making the exchange is entitled to receive.

      If at any time the Depositary for the Debt Securities of a series notifies
the Company that it is unwilling or unable to continue as Depositary for the
Debt Securities of such series or if at any time the Depositary for the Debt
Securities of such series shall no longer be eligible under Section 303(h), the
Company shall appoint a successor Depositary with respect to the Debt Securities
of such series. If a successor Depositary for the Debt Securities of such series
is not appointed by the Company within 90 days after the Company receives such
notice or becomes aware of such ineligibility, the Company's election pursuant
to Section 301(9) shall no longer be effective with respect to the Debt
Securities of such series and the Company will execute, and the Trustee, upon
receipt of a Company Order for the authentication and delivery of definitive
Debt Securities of such series, will authenticate and deliver, Debt Securities
of such series in definitive form in an aggregate principal amount equal to the
principal amount of the Global Security or Securities representing such series
in exchange for such Global Security or Securities.

      The Company may at any time and in its sole discretion determine that the
Debt Securities of any series issued in the form of one or more Global
Securities shall no longer be represented by such Global Security or Securities.
In such event the Company will execute, and the Trustee, upon receipt of a
Company Order for the authentication and delivery of definitive Debt Securities
of such series, will authenticate and deliver, Debt Securities of such series in
definitive form and in an aggregate principal amount equal to the principal
amount of the Global Security or Securities representing such series in exchange
for such Global Security or Securities.

      If specified by the Company pursuant to Section 301 with respect to a
series of Debt Securities, the Depositary for such series of Debt Securities may
surrender a Global Security for such series of Debt Securities in exchange in
whole or in part for Debt Securities of such series of like tenor and terms and
in definitive form on such terms as are acceptable to the Company and such
Depositary. Thereupon, the Company shall execute, and the Trustee shall
authenticate and deliver, without charge to any Holder,

            (a) to each Person specified by such Depositary a new Debt Security
      or Securities of the same series, of like tenor and terms and of any
      authorized denominations as requested by such person in aggregate
      principal amount equal to and in exchange for such Person's beneficial
      interest in the Global Security; and

            (b) to such Depositary a new Global Security of like tenor and terms
      and in a denomination equal to the difference, if any, between the
      principal amount of the surrendered Global Security and the aggregate
      principal amount of Debt Securities delivered to Holders thereof.

      In any exchange provided for in any of the preceding three paragraphs, the
Company will execute and the Trustee will authenticate and deliver Debt
Securities (a) in definitive

                                       18
<PAGE>
registered form in authorized denominations, if the Debt Securities of such
series are issuable as Registered Securities, (b) in definitive bearer form in
authorized denominations, with coupons attached, if the Debt Securities of such
series are issuable as Bearer Securities or (c) as either Registered or Bearer
Securities, as shall be specified by the beneficial owner thereof, if the Debt
Securities of such series are issuable in either form; provided, however, that
no definitive Bearer Security shall be delivered in exchange for a temporary
Global Security unless the Company or its agent shall have received from the
person entitled to receive the definitive Bearer Security a certificate
substantially in the form set forth in Exhibit A-1 and, if applicable, A-2
hereto; and provided further that delivery of a Bearer Security shall occur only
outside the United States; and provided further that no definitive Bearer
Security will be issued if the Company has reason to know that any such
certificate is false.

      Upon the exchange of a Global Security for Debt Securities in definitive
form, such Global Security shall be cancelled by the Trustee. Registered
Securities issued in exchange for a Global Security pursuant to this Section
shall be registered in such names and in such authorized denominations as the
Depositary for such Global Security, pursuant to instructions from its direct or
indirect participants or otherwise, shall instruct the Trustee. The Trustee
shall deliver such Registered Securities to the persons in whose names such Debt
Securities are so registered. The Trustee shall deliver Bearer Securities issued
in exchange for a Global Security pursuant to this Section to the persons, and
in such authorized denominations, as the Depositary for such Global Security,
pursuant to instructions from its direct or indirect participants or otherwise,
shall instruct the Trustee; provided, however, that no definitive Bearer
Security shall be delivered in exchange for a temporary Global Security unless
the Company or its agent shall have received from the person entitled to receive
the definitive Bearer Security a certificate substantially in the form set forth
in Exhibit A-1 and, if applicable, A-2 hereto; and provided further that
delivery of a Bearer Security shall occur only outside the United States; and
provided further that no definitive Bearer Security will be issued if the
Company has reason to know that any such certificate is false.

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

      Every Registered Security presented or surrendered for registration of
transfer or for exchange shall (if so required by the Company, the Security
Registrar or the Trustee) be duly endorsed, or be accompanied by a written
instrument of transfer in form satisfactory to the Company, the Security
Registrar and the Trustee duly executed, by the Holder thereof or such Holder's
attorney duly authorized in writing.

      No charge to any Holder shall be made for any registration of transfer or
exchange of Debt 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 transfer, registration of transfer or exchange of Debt
Securities, other than exchanges expressly provided in this Indenture to be made
at the Company's own expense or without expense or without charge to the
Holders.

      The Company shall not be required (i) to issue, register the transfer of
or exchange Debt Securities of any particular series to be redeemed for a period
of fifteen days preceding the first publication of the relevant notice of
redemption or, if Registered Securities are outstanding and there is no
publication, the mailing of the relevant notice of redemption of Debt Securities
of such series selected for redemption under Section 1103 and ending at the
close of business on the day of such mailing, or (ii) to register the transfer
of or exchange any Registered Security so selected for redemption in whole or in
part, except the unredeemed portion of such Registered Security being redeemed
in part, or (iii) to exchange any Bearer Security so selected for redemption
except that such a Bearer Security may be exchanged for a Registered Security of
like tenor and terms of that series, provided that such Registered Security
shall be simultaneously surrendered for redemption.

      Notwithstanding anything herein to the contrary, the exchange of Bearer
Securities into Registered Securities shall be subject to applicable laws and
regulations in effect at the time of exchange; neither the Company, the Trustee
nor the Security Registrar shall exchange any Bearer Securities into Registered
Securities if it has received an Opinion of Counsel that as a result of such
exchanges the Company would suffer adverse consequences under the United States
Federal income tax laws and regulations then in effect and the Company has
delivered to the Trustee a Company Order directing the Trustee not to make such
exchanges thereafter unless and until the Trustee receives a subsequent Company
Order to the contrary. The Company shall deliver copies of such Company Orders
to the Security Registrar.

                                       19
<PAGE>
      Section 306. Mutilated, Destroyed, Lost and Stolen Debt Securities.

      If (i) any mutilated Debt Security or a Bearer Security with a mutilated
coupon appertaining to it is surrendered to a Paying Agent outside the United
States designated by the Company, or, in the case of any Registered Security, to
the Trustee, or (ii) the Company and the Trustee receive evidence to their
satisfaction of the destruction, loss or theft of any Debt Security or coupon,
and there is delivered to the Company and the Trustee such security or indemnity
as may be required by them to save each of them harmless, then, in the absence
of notice to the Company and the Trustee that such Debt Security or coupon has
been acquired by a bona fide purchaser, the Company shall execute and upon its
written request the Trustee shall authenticate and deliver, in exchange for any
such mutilated Debt Security or Bearer Security with a mutilated coupon
appertaining to it or to which a destroyed, lost or stolen coupon appertains
(with all appurtenant coupons not destroyed, lost or stolen) or in lieu of any
such destroyed, lost or stolen Debt Security, a new Debt Security of like tenor
and terms and principal amount, bearing a number not contemporaneously
outstanding, with coupons corresponding to the coupons, if any, appertaining to
such destroyed, lost or stolen Debt Security or to the Debt Security to which
such destroyed, lost or stolen coupon appertains; provided, however, that any
such new Bearer Security will be delivered only in compliance with the
conditions set forth in Section 305.

      In case any such mutilated, destroyed, lost or stolen Debt Security or
coupon has become or is about to become due and payable, the Company in its
discretion may, instead of issuing a new Debt Security, pay such Debt Security
or coupon; provided, however, that payment of principal of (and premium, if any)
and any interest on Bearer Securities shall, except as otherwise provided in
Section 1002, be payable only at an office or agency located outside the United
States; and provided, further, that, with respect to any such coupons, interest
represented thereby (but not any additional amounts payable as provided in
Section 1006), shall be payable only upon presentation and surrender of the
coupons appertaining thereto.

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

      Every new Debt Security of any series, with its coupons, if any, issued
pursuant to this Section in lieu of any destroyed, lost or stolen Debt Security,
or in exchange for a Bearer Security to which a destroyed, lost or stolen coupon
appertains, shall constitute an original additional contractual obligation of
the Company, whether or not the destroyed, lost or stolen Debt Security and its
coupons, if any, or the destroyed, lost or stolen coupon shall be at any time
enforceable by anyone, and any such new Debt Security and coupons, if any, shall
be entitled to all the benefits of this Indenture equally and proportionately
with any and all other Debt Securities of that series and their coupons, if any,
duly issued hereunder.

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

      Section 307. Payment of Interest; Interest Rights Preserved.

      Interest on any Registered Security which is payable, and is punctually
paid or duly provided for, on any Interest Payment Date shall be paid to the
Person in whose name that Registered Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date
for such interest. In case a Bearer Security of any series is surrendered in
exchange for a Registered Security of such series after the close of business
(at an office or agency in a Place of Payment for such series) on any Regular
Record Date and before the opening of business (at such office or agency) on the
next succeeding Interest Payment Date, such Bearer Security shall be surrendered
without the coupon relating to such Interest Payment Date and interest will not
be payable on such Interest Payment Date in respect of the Registered Security
issued in exchange for such Bearer Security, but will be payable only to the
Holder of such coupon when due in accordance with the provisions of this
Indenture. At the option of the Company, payment of interest on any Registered
Security may be made by check in the currency designated for such payment
pursuant to the terms of such Registered Security mailed to the address of the
Person entitled thereto as such address shall appear in the Security Register or
by wire transfer to an account in such currency designated by such Person in
writing not later than ten days prior to the date of such payment.

      Any interest on any Registered 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") shall forthwith cease to be payable to the
registered Holder on the relevant Regular

                                       20
<PAGE>
Record Date by virtue of his having been such Holder, and such Defaulted
Interest may be paid by the Company, at its election in each case, as provided
in Clause (1) or (2) below:

            (1) The Company may elect to make payment of any Defaulted Interest
      to the Persons in whose names the Registered 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 shall be fixed in the following manner. The Company shall
      notify the Trustee in writing of the amount of Defaulted Interest proposed
      to be paid on each Registered Security of such series and the date of the
      proposed payment, and at the same time the Company shall deposit with the
      Trustee an amount of money and/or Government Obligations the payments of
      principal and interest on which when due (and without reinvestment) will
      provide money in such amounts as will (together with any money irrevocably
      deposited in trust with the Trustee, without investment) be equal to the
      aggregate amount proposed to be paid in respect of such Defaulted Interest
      or shall make arrangements satisfactory to the Trustee for such deposit
      prior to the date of the proposed payment, such money and/or Government
      Obligations when deposited to be held in trust for the benefit of the
      Persons entitled to such Defaulted Interest as in this Clause provided.
      Thereupon the Trustee shall fix a Special Record Date for the payment of
      such Defaulted Interest which shall be not more than 15 days and not less
      than 10 days prior to the date of the proposed payment and not less than
      10 days after the receipt by the Trustee of the notice of the proposed
      payment. The Trustee shall promptly notify the Company of such Special
      Record Date. Unless the Trustee is acting as the Security Registrar,
      promptly after such Special Record Date, the Company shall furnish the
      Trustee with a list, or shall make arrangements satisfactory to the
      Trustee with respect thereto, of the names and addresses of, and principal
      amounts of Registered Securities of such series held by, the Holders
      appearing on the Security Register at the close of business on such
      Special Record Date. In the name and at the expense of the Company, the
      Trustee shall cause notice of the proposed payment of such Defaulted
      Interest and the Special Record Date therefor to be mailed, first-class
      postage prepaid, to each Holder of Registered Securities of such series at
      his address as it appears in the Security Register, not less than 10 days
      prior to such Special Record Date. Notice of the proposed payment of such
      Defaulted Interest and the Special Record Date therefor having been mailed
      as aforesaid, such Defaulted Interest shall be paid to the Persons in
      whose names the Registered Securities of such series (or their respective
      Predecessor Securities) are registered at the close of business on such
      Special Record Date and shall no longer be payable pursuant to the
      following Clause (2). In case a Bearer Security of any series is
      surrendered at the office or agency in a Place of Payment for such series
      in exchange for a Registered Security of such series after the close of
      business at such office or agency on any Special Record Date and before
      the opening of business at such office or agency on the related proposed
      date for payment of Defaulted Interest, such Bearer Security shall be
      surrendered without the coupon relating to such proposed date of payment
      and Defaulted Interest will not be payable on such proposed date of
      payment in respect of the Registered Security issued in exchange for such
      Bearer Security, but will be payable only to the Holder of such coupon
      when due in accordance with the provisions of this Indenture.

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

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

      Subject to the limitations set forth in Section 1002, the Holder of any
coupon appertaining to a Bearer Security shall be entitled to receive the
interest payable on such coupon upon

                                       21
<PAGE>
presentation and surrender of such coupon on or after the Interest Payment Date
of such coupon at an office or agency maintained for such purpose pursuant to
Section 1002.

      Section 308. Persons Deemed Owners.

      Prior to due presentment of a Registered Security for registration of
transfer, the Company, the Trustee and any agent of the Company or of the
Trustee may treat the Person in whose name such Registered Security is
registered as the owner of such Registered Security for the purpose of receiving
payment of principal of (and premium, if any) and (subject to Section 307)
interest on such Registered Security and for all other purposes whatsoever,
whether or not such Registered Security be overdue, and neither the Company, the
Trustee nor any agent of the Company or the Trustee shall be affected by notice
to the contrary.

      The Company, the Trustee and any agent of the Company or the Trustee may
treat the bearer of any Bearer Security and the bearer of any coupon as the
absolute owner of such Bearer Security or coupon for the purpose of receiving
payment thereof or on account thereof and for all other purposes whatsoever,
whether or not such Bearer Security or coupon be overdue, and neither the
Company, the Trustee nor any agent of the Company or the Trustee shall be
affected by notice to the contrary.

      None of the Company, the Trustee, any Paying Agent or the Security
Registrar will have any responsibility or liability for any aspect of the
records relating to or payments made on account of beneficial ownership
interests of a Global Security or for maintaining, supervising or reviewing any
records relating to such beneficial ownership interests.

      Section 309. Cancellation.

      Unless otherwise provided with respect to a series of Debt Securities, all
Debt Securities and coupons surrendered for payment, redemption, repayment,
transfer, exchange or credit against any sinking fund payment pursuant to this
Indenture shall, if surrendered to the Company or any agent of the Company, be
delivered to the Trustee and shall be promptly cancelled by it. The Company may
at any time deliver to the Trustee for cancellation any Debt Securities
previously authenticated and delivered hereunder which the Company may have
acquired in any manner whatsoever, and all Debt Securities so delivered shall be
promptly cancelled by the Trustee. No Debt Securities shall be authenticated in
lieu of or in exchange for any Debt Securities cancelled as provided in this
Section, except as expressly permitted by this Indenture. All cancelled Debt
Securities and coupons held by the Trustee shall be destroyed and certification
of their destruction delivered to the Company unless by a Company Order the
Company shall direct that the cancelled Debt Securities or coupons be returned
to it.

      Section 310. Computation of Interest.

      Except as otherwise specified as contemplated by Section 301 for Debt
Securities of any series, interest on the Debt Securities of each series shall
be computed on the basis of a 360-day year of twelve 30-day months.

      Section 311. Certification by a Person Entitled to Delivery of a Bearer
Security.

      Whenever any provision of this Indenture or a Debt Security contemplates
that certification be given by a Person entitled to delivery of a Bearer
Security, such certification shall be provided substantially in the form of
Exhibit A-1 and, if applicable, A-2 hereto, with only such changes as shall be
approved by the Company and consented to by the Trustee, whose consent shall not
unreasonably be withheld.

      Section 312. Judgments.

      The Company agrees that, to the fullest extent possible under applicable
law and except as may otherwise be specified as contemplated in Section 301, (a)
the obligation, if any, of the Company to pay the principal of (and premium, if
any) and interest on the Debt Securities of any series and any appurtenant
coupons in a Foreign Currency, composite currency or Dollars (the "Designated
Currency") as may be specified pursuant to Section 301 is of the essence, and
judgments in respect of such Debt Securities shall be given in the Designated
Currency; (b) the obligation of the Company to make payments in the Designated
Currency of the principal of (and premium, if any) and interest on such Debt
Securities and any appurtenant coupons shall, notwithstanding any payment in any
other currency (whether pursuant to a judgment or otherwise), be discharged only
to the extent of the amount in the Designated Currency that the Holder receiving
such payment may, in accordance with normal banking procedures, purchase with
the sum paid in such other currency (after any premium and cost of exchange) in
the country of issue of the Designated Currency in the case of Foreign Currency
or Dollars or in the international banking community in the case of a composite
currency on the Business Day immediately following

                                       22
<PAGE>
the day on which such Holder receives such payment; (c) if the amount in the
Designated Currency that may be so purchased for any reason falls short of the
amount originally due, the Company shall pay such additional amounts as may be
necessary to compensate for such shortfall; and (d) any obligation of the
Company not discharged by such payment shall be due as a separate and
independent obligation and, until discharged as provided herein, shall continue
in full force and effect.

                                  ARTICLE FOUR

                           Satisfaction and Discharge

      Section 401. Satisfaction and Discharge of Indenture.

      This Indenture shall upon Company Request cease to be of further effect
(except as to any surviving rights of registration of transfer or exchange of
Debt Securities herein expressly provided for and rights to receive payments of
principal and interest thereon and any right to receive additional amounts, as
provided in Section 1006) and the Trustee, at the expense of the Company, shall
execute proper instruments acknowledging satisfaction and discharge of this
Indenture when

            (1) either

                  (A) all Debt Securities theretofore authenticated and
            delivered and all coupons appertaining thereto (other than (i)
            coupons appertaining to Bearer Securities surrendered in exchange
            for Registered Securities and maturing after such exchange,
            surrender of which is not required or has been waived as provided in
            Section 305, (ii) Debt Securities and coupons which have been
            destroyed, lost or stolen and which have been replaced or paid as
            provided in Section 306, (iii) coupons appertaining to Bearer
            Securities called for redemption or surrendered for repayment and
            maturing after the relevant Redemption Date or Repayment Date, as
            appropriate, surrender of which has been waived as provided in
            Section 1106 or 1303 and (iv) Debt Securities and coupons for whose
            payment money and/or Government Obligations have 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 1003) have been delivered to the Trustee
            cancelled or for cancellation; or

                  (B) all such Debt Securities not theretofore delivered to the
            Trustee for cancellation

                        (i) have become due and payable, or

                        (ii) will become due and payable at their Stated
                  Maturity within one year, or

                        (iii) 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 (B)(i), (B)(ii) or (B)(iii) above,
            has irrevocably deposited or caused to be deposited with the Trustee
            as trust funds in trust for the purpose money and/or Government
            Obligations the payments of principal and interest on which when due
            (and without reinvestment) will provide money in such amounts as
            will (together with any money irrevocably deposited in trust with
            the Trustee, without investment) be sufficient to pay and discharge
            the entire indebtedness on such Debt Securities and coupons of such
            series for principal (and premium, if any) and interest, and any
            mandatory sinking fund, repayment or analogous payments thereon, on
            the scheduled due dates therefor to the date of such deposit (in the
            case of Debt Securities and coupons which have become due and
            payable) or to the Stated Maturity or Redemption Date, if any, and
            all Repayment Dates (in the case of Debt Securities repayable at the
            option of the Holders thereof); provided, however, that in the event
            a petition for relief under any applicable Federal or state
            bankruptcy, insolvency, reorganization or other similar law is filed
            with respect to the

                                       23
<PAGE>
            Company within 91 days after the deposit, the obligations of the
            Company under the Indenture with respect to the Debt Securities of
            such series shall not be deemed terminated or discharged, and in
            such event the Trustee shall be required to return the deposited
            money and Government Obligations then held by the Trustee to the
            Company; (2) the Company has paid or caused to be paid all other
            sums payable hereunder by the Company; and

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

Notwithstanding the satisfaction and discharge of this Indenture, the
obligations of the Company to the Trustee under Section 607 and, if money or
Government Obligations shall have been deposited with the Trustee pursuant to
Subclause (B) of Clause (1) of this Section, the obligations of the Trustee
under Section 402 and the last paragraph of Section 1003 shall survive.

      Section 402. Application of Trust Money and Government Obligations.

      (a) Subject to the provisions of the last paragraph of Section 1003, all
money and Government Obligations deposited with the Trustee pursuant to Section
401, 403 or 1501 shall be held in trust and such money and the principal and
interest received on such Government Obligations shall be applied by it, in
accordance with the provisions of the Debt Securities, any coupons 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 premium, if
any) and interest for whose payment such money or Government Obligations have
been deposited with the Trustee.

      (b) The Trustee shall deliver or pay to the Company from time to time upon
Company Request any Government Obligations or money held by it as provided in
Section 403 or 1501 which, in the opinion of a nationally recognized firm of
independent public accountants expressed in a written certification thereof
delivered to the Trustee, are then in excess of the amount thereof which then
would have been required to be deposited for the purpose for which such
Government Obligations or money were deposited or received.

      (c) The Trustee shall deliver to the Company from time to time upon
Company Request any Government Obligations held by it as provided in Section 403
or 1501, provided that the Company in substitution therefor simultaneously
delivers to the Trustee, money or other Government Obligations which, in the
opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee, would
then be sufficient to satisfy the Company's payment obligations in respect of
the Debt Securities in the manner contemplated by Section 403 or 1501.

      Section 403. Satisfaction, Discharge and Defeasance of Debt Securities of
any Series.

      If this Section 403 is specified, as contemplated by Section 301, to be
applicable to Debt Securities of any series, then, notwithstanding Section 401,
(i) the Company shall be deemed to have paid and discharged the entire
indebtedness on all the Outstanding Debt Securities of any such series and
related coupons; (ii) the provisions of this Indenture as it relates to such
Outstanding Debt Securities and related coupons shall no longer be in effect
(except as to (A) the rights of Holders of Debt Securities to receive, from the
trust fund described in subparagraph (1) below, payment of (x) the principal of
(and premium, if any) and any installment of principal of (and premium, if any)
or interest on such Debt Securities and related coupons on the Stated Maturity
of such principal (and premium, if any) or installment of principal (and
premium, if any) or interest or (y) any mandatory sinking fund, repayment or
analogous payments applicable to the Debt Securities of that series on that day
on which such payments are due and payable in accordance with the terms of this
Indenture and of such Debt Securities, (B) the Company's obligations with
respect to such Debt Securities under Sections 304, 305, 306, 1002, 1003 and
1006, and (C) the rights, powers, trusts, duties and immunities of the Trustee
hereunder, including those under Section 607 hereof); and (iii) the Trustee, at
the expense of the Company, shall, upon Company Order, execute proper
instruments acknowledging satisfaction and discharge of such indebtedness, when

            (1) either

                  (A) with respect to all Outstanding Debt Securities of such
            series and related coupons, with reference to this Section 403, the
            Company has deposited or caused to be deposited with the Trustee

                                       24
<PAGE>
            irrevocably, as trust funds in trust, money and/or Government
            Obligations the payments of principal and interest on which when due
            (and without reinvestment) will provide money in such amounts as
            will (together with any money irrevocably deposited in trust with
            the Trustee, without investment) be sufficient to pay and discharge
            (i) the principal of (and premium, if any) and interest on the
            Outstanding Debt Securities of that series on the Stated Maturity of
            such principal or interest or, if such series may be redeemed by the
            Company prior to the Stated Maturity thereof and the Company shall
            have given irrevocable instructions to the Trustee to effect such
            redemption, at the date fixed for such redemption pursuant to
            Article Eleven, and (ii) any mandatory sinking fund payments or
            analogous payments applicable to Debt Securities of such series on
            the date on which such payments are due and payable in accordance
            with the terms of this Indenture and of such Debt Securities; or

                  (B) the Company has properly fulfilled such other means of
            satisfaction and discharge as is specified, as contemplated by
            Section 301, to be applicable to the Debt Securities of such series;
            (2) the Company has paid or caused to be paid all sums payable with
            respect to the Outstanding Debt Securities of such series and
            related coupons;

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

            (4) no Event of Default or event which, with the giving of notice or
      lapse of time, or both, would become an Event of Default pursuant to
      Section 501(1), (2), (3), (6) or (7) with respect to the Debt Securities
      of such series shall have occurred and be continuing on the date of such
      deposit and no Event of Default under Section 501(6) or Section 501(7) or
      event which, with the giving of notice or lapse of time, or both, would
      become an Event of Default under Section 501(6) or Section 501(7) shall
      have occurred and be continuing on the 91st day after such date; provided,
      however, that should that condition fail to be satisfied on or before such
      91st day, the Trustee shall promptly, upon satisfactory receipt of
      evidence of such failure, return such deposit to the Company;

            (5) if the Debt Securities of that series are then listed on any
      domestic or foreign securities exchange, the Company shall have delivered
      to the Trustee an Opinion of Counsel to the effect that such deposit,
      defeasance and discharge will not cause such Debt Securities to be
      delisted; and

            (6) the Company has delivered to the Trustee an Officers'
      Certificate and an Opinion of Counsel, each stating that all conditions
      precedent herein provided for relating to the satisfaction and discharge
      of the entire indebtedness of all Outstanding Debt Securities and related
      coupons have been complied with.

      Any deposits with the Trustee referred to in Section 403(1)(A) above shall
be irrevocable and shall be made under the terms of an escrow or trust agreement
in form and substance satisfactory to the Trustee. If any Outstanding Debt
Securities of such series are to be redeemed prior to their Stated Maturity,
whether pursuant to any optional redemption provisions or in accordance with any
mandatory sinking fund requirement, the applicable escrow or trust agreement
shall provide therefor and the Company shall make such arrangements as are
satisfactory to the Trustee for the giving of notice of redemption by the
Trustee in the name, and at the expense, of the Company.

      Upon the satisfaction of the conditions set forth in this Section 403 with
respect to all the Outstanding Debt Securities of any series, the terms and
conditions of such series, including the terms and conditions with respect
thereto set forth in this Indenture, shall no longer be binding upon, or
applicable to, the Company; provided that the Company shall not be discharged
from any payment obligations in respect of Debt Securities of such series which
are deemed not to be Outstanding under clause (iii) of the definition thereof if
such obligations continue to be valid obligations of the Company under
applicable law.

      Notwithstanding the cessation, termination and discharge of all
obligations, covenants and

                                       25
<PAGE>
agreements (except as provided above in this Section 403) of the Company under
this Indenture with respect to any series of Debt Securities, the obligations of
the Company to the Trustee under Section 607, and the obligations of the Trustee
under Section 402 and the last paragraph of Section 1003, shall survive with
respect to such series of Debt Securities.

                                  ARTICLE FIVE

                                    Remedies

      Section 501. Events of Default.

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

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

            (2) default in the payment of the principal of (or premium, if any,
      on) any Debt Security of such series at its Maturity; or

            (3) default in the deposit of any sinking fund payment, when and as
      due by the terms of a Debt Security of such series; or

            (4) 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 whose performance or whose breach is elsewhere in
      this Section specifically dealt with or which has expressly been included
      in this Indenture solely for the benefit of Debt Securities of a series
      other than such series), and continuance of such default or breach for a
      period of 90 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 Debt
      Securities of such series, a written notice specifying such default or
      breach and requiring it to be remedied and stating that such notice is a
      "Notice of Default" hereunder, or

            (5) a default under any Debt by the Company or any Subsidiary
      (including a default with respect to Debt Securities of any series other
      than that series) or under any Mortgage, indenture or instrument under
      which there may be issued or by which there may be secured or evidenced
      any Debt by the Company or any Subsidiary (including this Indenture),
      whether such Debt now exists or shall hereafter be created, which default
      shall have resulted in such Debt in an outstanding principal amount in
      excess of $50 million becoming or being declared due and payable prior to
      the date on which it would otherwise have become due and payable, without
      such acceleration having been rescinded or annulled, or such Debt having
      been discharged, within a period of 10 days after there shall have 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 and requiring the Company to cause such
      acceleration to be rescinded or annulled or cause such Debt to be
      discharged and stating that such notice is a "Notice of Default"
      hereunder; or

            (6) 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

                                       26
<PAGE>
      such other decree or order unstayed and in effect for a period of 90
      consecutive days; or

            (7) 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, 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 under any applicable Federal or State 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 similar official of the Company or of any substantial part
      of its property, 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

            (8) any other Event of Default, if any, provided with respect to
      Debt Securities of such series specified as contemplated by Section 301.

      Section 502. Acceleration of Maturity; Rescission and Annulment.

      If an Event of Default with respect to Debt Securities of any series at
the time Outstanding occurs and is continuing, then and in every such case the
Trustee or the Holders of not less than 25% in principal amount of Outstanding
Debt Securities of such series may declare the principal amount (or, if the Debt
Securities of such series are Original Issue Discount Securities, such portion
of the principal amount as may be specified in the terms of such series) of and
all accrued but unpaid interest on all the Debt Securities of such series to be
due and payable immediately, by a notice in writing to the Company (and to the
Trustee if given by such Holders), and upon any such declaration such principal
amount (or specified amount) shall become immediately due and payable. Upon
payment of such amount, all obligations of the Company in respect of the payment
of principal of the Debt Securities of such series shall terminate.

      At any time after such a declaration of acceleration with respect to Debt
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 provided, the Holders of a majority in principal amount of the
Outstanding Debt Securities of such series, by written notice to the Company and
the Trustee, may rescind and annul such declaration and its consequences if

            (1) the Company has paid or deposited with the Trustee a sum
      sufficient to pay

                  (A) all overdue installments of interest on all Debt
            Securities of such series,

                  (B) the principal of (and premium, if any, on) any Debt
            Securities of such series which have become due otherwise than by
            such declaration of acceleration and interest thereon at the rate or
            rates prescribed therefor in such Debt Securities,

                  (C) to the extent that payment of such interest is lawful,
            interest upon overdue installments of interest at the rate or rates
            prescribed therefor in such Debt Securities, and

                  (D) all sums paid or advanced by the Trustee hereunder and the
            reasonable compensation, expenses, disbursements and advances of the
            Trustee, its agents and counsel;

      and

            (2) all Events of Default with respect to Debt Securities of such
      series, other than the non-payment of the principal of Debt Securities of
      such series which have become due solely by such declaration of
      acceleration, have been cured or waived as provided in Section 513.

                                       27
<PAGE>
No such rescission shall affect any subsequent default or impair any right
consequent thereon.

      Section 503. Collection of Indebtedness and Suits for Enforcement by
Trustee.

      The Company covenants that if:

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

            (2) default is made in the payment of the principal of (or premium,
      if any, on) any Debt Security at the Maturity thereof,

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

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

      If an Event of Default with respect to Debt 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 Debt Securities of such
series and any related coupons 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.

      Section 504. Trustee May File Proofs of Claim.

      In case of the pendency of any receivership, insolvency, liquidation,
bankruptcy, reorganization, arrangement, adjustment, composition or other
judicial proceedings, or any voluntary or involuntary case under the Federal
bankruptcy laws as now or hereafter constituted, relative to the Company or any
other obligor upon the Debt Securities of a particular series or any related
coupons or the property of the Company or of such other obligor or their
creditors, the Trustee (irrespective of whether the principal of such Debt
Securities shall then be due and payable as therein expressed or by declaration
or otherwise and irrespective of whether the Trustee shall have made any demand
on the Company for the payment of overdue principal or interest) shall be
entitled and empowered, by intervention in such proceedings or otherwise,

            (1) to file and prove a claim for the whole amount of principal (and
      premium, if any) and interest owing and unpaid in respect of the Debt
      Securities of such series and any appurtenant coupons and to file such
      other papers or documents as may be necessary or advisable in order to
      have the claims of the Trustee (including any claim for the reasonable
      compensation, expenses, disbursements and advances of the Trustee, its
      agents and counsel) and of the Holders allowed in such judicial
      proceeding, and

            (2) to collect and receive any moneys or other property payable or
      deliverable on any such claims and to distribute the same;

and any receiver, assignee, trustee, custodian, liquidator, sequestrator or
other similar official in any such proceeding is hereby authorized by each
Holder to make such payments to the Trustee, and in the event that the Trustee
shall consent to the making of such payments directly to the Holders, to pay to
the Trustee any amount due it for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other
amounts due the Trustee under Section 607.

                                       28
<PAGE>
      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 Debt
Securities or any coupons or the rights of any Holder thereof, or to authorize
the Trustee to vote in respect of the claim of any Holder in any such
proceeding.

      Section 505. Trustee May Enforce Claims without Possession of Debt
Securities or Coupons.

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

      Section 506. Application of Money Collected.

      Any money collected by the Trustee pursuant to this Article shall be
applied in the following order, at the date or dates fixed by the Trustee and,
in case of the distribution of such money on account of principal (and premium,
if any) or interest, upon presentation of the Debt Securities or any coupons, or
both, as the case may be, 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
      607;

            SECOND: To the payment of the amounts then due and unpaid for
      principal of (and premium, if any) and interest on the Debt Securities and
      any coupons, 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 Debt Securities and any
      coupons for principal (and premium, if any) and interest, respectively.
      The Holders of each series of Debt Securities denominated in Euro, any
      other composite currency or a Foreign Currency and any matured coupons
      relating thereto shall be entitled to receive a ratable portion of the
      amount determined by the Exchange Rate Agent by converting the principal
      amount Outstanding of such series of Debt Securities and matured but
      unpaid interest on such series of Debt Securities in the currency in which
      such series of Debt Securities is denominated into Dollars at the Exchange
      Rate as of the date of declaration of acceleration of the Maturity of the
      Debt Securities; and

            THIRD: The balance, if any, to the Company.

      Section 507. Limitation on Suits.

      No Holder of any Debt Securities of any series or any related coupons
shall 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

            (1) such Holder has previously given written notice to the Trustee
      of a continuing Event of Default with respect to the Debt Securities of
      such series;

            (2) the Holders of not less than 25% in principal amount of the
      Outstanding Debt Securities of such 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;

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

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

            (5) no direction inconsistent with such written request has been
      given

                                       29
<PAGE>
      to the Trustee during such 60-day period by the Holders of a majority in
      principal amount of the Outstanding Debt Securities of such series;

it being understood and intended that no one or more of such Holders shall have
any right in any manner whatever by virtue of, or by availing of, any provision
of this Indenture to affect, disturb or prejudice the rights of any other 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 508. Unconditional Right of Holders to Receive Principal, Premium
and Interest.

      Notwithstanding any other provision in this Indenture, the Holder of any
Debt Security or coupon shall have the right which is absolute and unconditional
to receive payment of the principal of (and premium, if any) and (subject to
Section 307) interest on such Debt Security or payment of such coupon on the
respective Stated Maturity or Maturities expressed in such Debt Security or
coupon (or, in the case of redemption or repayment, on the Redemption Date or
the Repayment Date, as the case may be) and to institute suit for the
enforcement of any such payment, and such right shall not be impaired without
the consent of such Holder.

      Section 509. Restoration of Rights and Remedies.

      If the Trustee or any Holder has instituted any proceedings 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 the Company, the Trustee and the
Holders shall, subject to any determination in such proceeding, be restored
severally and respectively to their former positions hereunder, and thereafter
all rights and remedies of the Trustee and the Holders shall continue as though
no such proceeding had been instituted.

      Section 510. Rights and Remedies Cumulative.

      Except as otherwise provided in Section 306, no right or remedy herein
conferred upon or reserved to the Trustee or to the Holders is intended to be
exclusive of any other right or remedy, and every right and remedy shall, to the
extent permitted by law, be cumulative and in addition to every other right and
remedy given hereunder or now or hereafter existing at law or in equity or
otherwise. The assertion or employment of any right or remedy hereunder, or
otherwise, shall not prevent the concurrent assertion or employment of any other
appropriate right or remedy.

      Section 511. Delay or Omission Not Waiver.

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

      Section 512. Control by Holders of Debt Securities.

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

            (1) such direction shall not be in conflict with any rule of law or
      with this Indenture;

            (2) subject to the provisions of Section 601, the Trustee shall have
      the right to decline to follow any such direction if the Trustee in good
      faith shall, by a Responsible Officer or Responsible Officers of the
      Trustee, determine that the proceedings so directed would be unjustly
      prejudicial to the Holders of Debt Securities of such series not joining
      in any such direction; and

            (3) the Trustee may take any other action deemed proper by the
      Trustee which is not inconsistent with such direction.

                                       30
<PAGE>
      Section 513. Waiver of Past Defaults.

      The Holders of not less than a majority in principal amount of the
Outstanding Debt Securities of any series may on behalf of the Holders of all
the Debt Securities of any such series and any related coupons waive any past
default hereunder with respect to such series and its consequences, except a
default

            (1) in the payment of the principal of (or premium, if any) or
      interest on any Debt Security of such series, or

            (2) in respect of a covenant or provision hereof which under Article
      Nine cannot be modified or amended without the consent of the Holder of
      each Outstanding Debt Security of such series affected.

      Upon any such waiver, such default shall cease to exist, and any Event of
Default arising therefrom shall be deemed to have been cured, for every purpose
of this Indenture; but no such waiver shall extend to any subsequent or other
default or impair any right consequent thereon.

      Section 514. Undertaking for Costs.

      All parties to this Indenture agree, and each Holder of any Debt Security
or coupon by his acceptance thereof shall be deemed to have agreed, that any
court may in its discretion require, in any suit for the enforcement of any
right or remedy under this Indenture, or in any suit against the Trustee for any
action taken, suffered or omitted by it as Trustee, the filing by any party
litigant in such suit of an undertaking to pay the costs of such suit, and that
such court may in its discretion assess reasonable costs, including reasonable
attorneys' fees, against any party litigant in such suit, having a due regard to
the merits and good faith of the claims or defenses made by such party litigant,
but the provisions of this Section shall not apply to any suit instituted by the
Company or the Trustee, to any suit instituted by any Holder, or group of
Holders, holding in the aggregate more than 25% in principal amount of the
Outstanding Debt Securities of any series, or to any suit instituted by any
Holder for the enforcement of the payment of the principal of (or premium, if
any) or interest on any Debt Security or the payment of any coupons on or after
the respective Stated Maturity or Maturities expressed in such Debt Security or
coupon (or, in the case of redemption or repayment, on or after the Redemption
Date or Repayment Date, as the case may be).

      Section 515. Waiver of Stay or Extension Laws.

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

                                   ARTICLE SIX

                                   The Trustee

      Section 601. Certain Duties and Responsibilities.

      Except during the continuance of an Event of Default, the Trustee's duties
and responsibilities under this Indenture shall be governed by the Trust
Indenture Act. In case an Event of Default has occurred and is continuing, the
Trustee shall exercise the rights and powers vested in it by this Indenture, and
shall use the same degree of care and skill in their exercise, as a prudent
person would exercise or use under the circumstances in the conduct of their own
affairs. Notwithstanding the foregoing, no provision of this Indenture shall
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, if it shall have reasonable grounds for
believing that repayment of such funds or adequate indemnity against such risk
or liability is not reasonably assured to it. 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 shall be
subject to the provisions of this Section.

      Section 602. Notice of Default.

                                       31
<PAGE>
      If a default occurs hereunder with respect to Debt Securities of any
series the Trustee shall transmit by mail to all Holders of Debt 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 501(4) with respect to Debt Securities of such
series no such notice to Holders shall be given until at least 30 days after the
occurrence thereof. For the purpose of this Section, the term "default" means
any event which is, or after notice or lapse of time or both would become, an
Event of Default with respect to Debt Securities of such series.

      Section 603. Certain Rights of Trustee.

      Except as otherwise provided in Section 601:

            (a) the Trustee may rely and shall be protected in acting or
      refraining from acting upon any signature, resolution, certificate,
      statement, instrument, opinion, report, notice, request, direction,
      consent, order, bond, debenture, note, coupon 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 shall
      be sufficiently evidenced by a Company Request or Company Order and any
      resolution of the Board of Directors shall 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, rely upon an Officers' Certificate;

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

            (e) the Trustee shall 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 of Debt Securities of such series or any
      related coupons pursuant to this Indenture, unless such Holders shall have
      offered to the Trustee reasonable security or indemnity against the costs,
      expenses and liabilities which might be incurred by it in compliance with
      such request or direction;

            (f) the Trustee shall not be bound to make any investigation into
      the facts or matters stated in any resolution, certificate, statement,
      instrument, opinion, report, notice, request, direction, consent, order,
      bond, debenture, note, coupon, 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 shall be entitled to examine the books, records and
      premises of the Company, personally or by agent or attorney, other than
      any such books or records containing information as to the affairs of the
      customers of the Company or any of its subsidiaries; provided that the
      Trustee may examine such books and records relating to customers to the
      extent that such books and records contain information as to any payments
      made to such customers in their capacity as Holders of Debt Securities;
      provided, further, that the Trustee shall treat all information regarding
      the Company which it receives pursuant to this Indenture and its duties
      hereunder as confidential and shall not disclose such information unless
      necessary in order to fulfill its duties under this Indenture or the Trust
      Indenture Act; and

            (g) the Trustee may execute any of the trusts or powers hereunder or
      perform any duties hereunder either directly or by or through agents or
      attorneys and the Trustee shall not be responsible for any misconduct or
      negligence on the part of any agent or attorney appointed with due care by
      it hereunder; no Exchange Rate Agent, Global Exchange Agent, Depositary or

                                       32
<PAGE>
      Paying Agent shall be deemed an agent of the Trustee and the Trustee shall
      not be responsible for any act or omission by any of them. Section 604.
      Not Responsible for Recitals or Issuance of Debt Securities.

      The recitals contained herein and in the Debt Securities, except the
Trustee's certificates of authentication, and in any coupons, and the
information in any registration statement, including all attachments thereto,
except information provided by the Trustee therein, 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 Indenture or of the Debt Securities of any series or any
coupons. The Trustee shall not be accountable for the use or application by the
Company of any Debt Securities or the proceeds thereof. The Trustee shall not be
responsible for and makes no representations as to the Company's ability or
authority to issue Bearer Securities or the lawfulness thereof.

      Section 605. May Hold Debt Securities or Coupons.

      The Trustee, any Paying Agent, the Security Registrar or any other agent
of the Company or the Trustee, in its individual or any other capacity, may
become the owner or pledgee of Debt Securities and coupons, and, subject to
Sections 608 and 613, may otherwise deal with the Company with the same rights
it would have if it were not Trustee, Paying Agent, Security Registrar or such
agent.

      Section 606. Money Held in Trust.

      Money held by the Trustee or any Paying Agent in trust hereunder need not
be segregated from other funds except to the extent required by law. Neither the
Trustee nor any Paying Agent shall be under any liability for interest on any
money received by it hereunder except as otherwise agreed with the Company.

      Section 607. Compensation and Reimbursement.

      The Company agrees

            (1) to pay to the Trustee from time to time reasonable compensation
      for all services rendered by it hereunder which shall have from time to
      time been separately agreed to by the Company and the Trustee in writing
      (which compensation shall not be limited by any provision of law in regard
      to the compensation of a trustee of an express trust);

            (2) except as otherwise expressly provided herein, to reimburse the
      Trustee upon its request for all reasonable expenses, disbursements and
      advances incurred or made by the Trustee in accordance with any provision
      of this Indenture (including the reasonable compensation and the expenses
      and disbursements of its agents and counsel), except any such expense,
      disbursement or advance as may be attributable to its negligence or bad
      faith; and

            (3) to indemnify the Trustee for, and to hold it harmless against,
      any loss, liability or expense incurred without negligence or bad faith on
      its part, arising out of or in connection with the acceptance or
      administration of this trust or performance of its duties hereunder,
      including the reasonable 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.

      The Trustee shall promptly notify the Company of any claim for which it
may seek indemnification pursuant to the provisions of this Indenture. The
Company shall be entitled to participate in, and to the extent that it shall
wish, to assume the defense of such claim, with counsel satisfactory to the
Trustee (and the Trustee shall cooperate in the defense thereof), and after
notice from the Company to the Trustee of the Company's election so to assume
the defense thereof, the Company shall not be liable to the Trustee under this
Indenture for any legal or other expenses subsequently incurred by the Trustee
in connection with the defense thereof other than reasonable costs of
investigation. The Company shall not be obligated under any settlement agreement
relating to any claim under this Indenture to which it has not agreed in
writing.

      As security for the performance of the obligations of the Company under
this Section the Trustee shall have a claim prior to the Debt Securities and any
coupons upon all property and funds held or collected by the Trustee as such,
except funds held in trust for the payment of principal of (and premium, if any)
or interest on particular Debt Securities or any coupons.

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<PAGE>
      The provisions of this Section 607 shall survive the resignation or
removal of the Trustee and the termination of this Indenture.

      Section 608. Disqualification; Conflicting Interests.

      If the Trustee has or shall acquire any conflicting interest within the
meaning of the Trust Indenture Act, the Trustee shall 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. To the extent
permitted by such Act, the Trustee shall not be deemed to have a conflicting
interest with respect to Debt Securities of any series by virtue of being a
trustee under this Indenture with respect to any particular series of Debt
Securities.

      Section 609. Corporate Trustee Required; Eligibility.

      There shall at all times be a Trustee hereunder which shall be a
corporation that is eligible pursuant to the Trust Indenture Act to act as such
and organized and doing business under the laws of the United States, any State
thereof or the District of Columbia, authorized under such laws to exercise
corporate trust powers, having a combined capital and surplus of at least
$5,000,000, and subject to supervision or examination by Federal or State
authority; provided, however, that if Section 310(a) of the Trust Indenture Act
or the rules and regulations of the Commission under the Trust Indenture Act at
any time permit a corporation organized and doing business under the laws of any
other jurisdiction to serve as trustee of an indenture qualified under the Trust
Indenture Act, this Section 609 shall be automatically amended to permit a
corporation organized and doing business under the laws of any such other
jurisdiction to serve as Trustee hereunder. If such corporation publishes
reports of condition at least annually, pursuant to law or to the requirements
of the aforesaid supervising or examining authority, then for the purposes of
this Section, the combined capital and surplus of such corporation 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, it shall resign
immediately in the manner and with the effect hereinafter specified in this
Article.

      Section 610. 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 shall become effective until the
acceptance of appointment by the successor Trustee under Section 611.

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

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

      (d) If at any time:

            (1) the Trustee shall fail to comply with Section 608 with respect
      to the Debt Securities of any series after written request therefor by the
      Company or by any Holder who has been a bona fide Holder of a Debt
      Security of such series for at least six months, or

            (2) the Trustee shall cease to be eligible under Section 609 with
      respect to any series of Debt Securities and shall fail to resign after
      written request therefor by the Company or by any such Holder, or

            (3) the Trustee shall become incapable of acting with respect to any
      series of Debt Securities or a decree or order for relief by a court
      having jurisdiction in the premises shall have been entered in respect of
      the Trustee in an involuntary case under the Federal bankruptcy laws, as
      now or hereafter constituted, or any other applicable Federal or State
      bankruptcy, insolvency or similar law; or a decree or order by a court
      having jurisdiction in the premises shall have been entered for the
      appointment of a receiver, custodian, liquidator, assignee, trustee,
      sequestrator or other

                                       34
<PAGE>
      similar official of the Trustee or of its property or affairs, or any
      public officer shall take charge or control of the Trustee or of its
      property or affairs for the purpose of rehabilitation, conservation,
      winding up or liquidation, or

            (4) the Trustee shall commence a voluntary case under the Federal
      bankruptcy laws, as now or hereafter constituted, or any other applicable
      Federal or State bankruptcy, insolvency or similar law or shall consent to
      the appointment of or taking possession by a receiver, custodian,
      liquidator, assignee, trustee, sequestrator or other similar official of
      the Trustee or its property or affairs, or shall make an assignment for
      the benefit of creditors, or shall admit in writing its inability to pay
      its debts generally as they become due, or shall take corporate action in
      furtherance of any such action,

then, in any such case, (i) the Company by a Board Resolution may remove the
Trustee with respect to such series at any time or (ii) subject to Section 514,
any Holder who has been a bona fide Holder of a Debt Security of any series for
at least six months may, on behalf of himself and all others similarly situated,
petition any court of competent jurisdiction for the removal of the Trustee for
the Debt Securities of such series and the appointment of a successor Trustee.
In addition, the Company may remove the Trustee if the Company shall determine
by a Board Resolution that the services provided by the Trustee hereunder may be
obtained at a substantially lower cost to the Company.

      (e) If the Trustee shall resign, be removed or become incapable of acting
with respect to any series of Debt Securities, or if a vacancy shall occur in
the office of Trustee for any cause, with respect to the Debt Securities of one
or more series, the Company, by a Board Resolution, shall promptly appoint a
successor Trustee or Trustees with respect to the Debt Securities of that or
those series (it being understood that any such successor Trustee may be
appointed with respect to the Debt Securities of one or more or all of such
series and that at any time there shall be only one Trustee with respect to the
Debt Securities of any particular series) and shall comply with the applicable
requirements of Section 611. If, within one year after such resignation, removal
or incapability, or the occurrence of such vacancy, a successor Trustee with
respect to the Debt Securities of any series shall be appointed by Act of the
Holders of a majority in principal amount of the Outstanding Debt Securities of
such series delivered to the Company and the retiring Trustee, the successor
Trustee so appointed shall, forthwith upon its acceptance of such appointment,
become the successor Trustee with respect to the Debt Securities of such series
and to that extent supersede the successor Trustee appointed by the Company. If
no successor Trustee with respect to the Debt Securities of any series shall
have been so appointed by the Company or the Holders and accepted appointment in
the manner hereinafter provided, any Holder who has been a bona fide Holder of a
Debt Security of such series for at least six months may, subject to Section
514, on behalf of himself and all others similarly situated, petition any court
of competent jurisdiction for the appointment of a successor Trustee with
respect to the Debt Securities of such series.

      (f) The Company shall give notice of each resignation and each removal of
the Trustee with respect to the Debt Securities of any series and each
appointment of a successor Trustee with respect to the Debt Securities of any
series by mailing written notice of such event by first-class mail, postage
prepaid, to the Holders of Registered Securities, if any, of such series as
their names and addresses appear in the Security Register and, if Debt
Securities of such series are issuable as Bearer Securities, by publishing
notice of such event once in an Authorized Newspaper in each Place of Payment
located outside the United States. Each notice shall include the name of the
successor Trustee with respect to the Debt Securities of such series and the
address of its Corporate Trust Office.

      Section 611. Acceptance of Appointment by Successor.

      (a) In the case of an appointment hereunder of a successor Trustee with
respect to all Debt Securities, every such successor Trustee so appointed shall
execute, acknowledge and deliver to the Company and to the retiring Trustee an
instrument accepting such appointment, and thereupon the resignation or removal
of the retiring Trustee shall become effective and such successor Trustee,
without any further act, deed or conveyance, shall become vested with all the
rights, powers, trusts and duties of the retiring Trustee; but, on request of
the Company or the successor Trustee, such retiring Trustee shall, upon payment
of its charges due under Section 607 hereof, execute and deliver an instrument
transferring to such successor Trustee all the rights, powers and trusts of the
retiring Trustee, and shall duly assign, transfer and deliver to such successor
Trustee all property and money held by such retiring Trustee hereunder.

      (b) In the case of the appointment hereunder of a successor Trustee with
respect to the

                                       35
<PAGE>
Debt Securities of one or more (but not all) series, the Company, the retiring
Trustee upon payment of its charges and each successor Trustee with respect to
the Debt Securities of one or more series shall execute and deliver an indenture
supplemental hereto wherein each successor Trustee shall accept such appointment
and which (1) shall contain such provisions as shall be necessary or desirable
to transfer and confirm to, and to vest in, each successor Trustee all the
rights, powers, trusts and duties of the retiring Trustee with respect to the
Debt Securities of that or those series to which the appointment of such
successor Trustee relates, (2) if the retiring Trustee is not retiring with
respect to all Debt Securities, shall contain such provisions as shall be deemed
necessary or desirable to confirm that all the rights, powers, trusts and duties
of the retiring Trustee with respect to the Debt Securities of that or those
series as to which the retiring Trustee is not retiring shall continue to be
vested in the retiring Trustee, and (3) shall add to or change any of the
provisions of this Indenture as shall be necessary to provide for or facilitate
the administration of the trusts hereunder by more than one Trustee, it being
understood that nothing herein or in such supplemental indenture shall
constitute such Trustees co-trustees of the same trust and that each such
Trustee shall be trustee of a trust or trusts hereunder separate and apart from
any trust or trusts hereunder administered by any other such Trustee; and upon
the execution and delivery of such supplemental indenture, the resignation or
removal of the retiring Trustee shall become effective to the extent provided
therein and each such successor Trustee, without any further act, deed or
conveyance, shall become vested with all the rights, powers, trusts and duties
of the retiring Trustee with respect to the Debt Securities of that or those
series to which the appointment of such successor Trustee relates; but, on the
request of the Company or any successor Trustee, such retiring Trustee shall
duly assign, transfer and deliver to such successor Trustee all property and
money held by such retiring Trustee hereunder with respect to the Debt
Securities of that or those series to which the appointment of such successor
Trustee relates.

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

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

      Section 612. 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 shall be a party, or any
corporation succeeding to all or substantially all of the corporate trust
business of the Trustee, shall, with the written approval of the Company, be the
successor of the Trustee hereunder, provided such corporation shall be otherwise
qualified and eligible under this Article, without the executing or filing of
any paper or any further act on the part of any of the parties hereto. In case
any Debt Securities shall have been authenticated, but not delivered, by the
Trustee then in office, any successor by merger, conversion, consolidation or
sale to such authenticating Trustee may adopt such authentication and deliver
the Debt Securities so authenticated with the same effect as if such successor
Trustee had itself authenticated such Debt Securities. In case any Debt
Securities shall not have been authenticated by such predecessor Trustee, any
such successor Trustee may authenticate and deliver such Debt Securities, in
either its own name or that of its predecessor Trustee, with the full force and
effect which this Indenture provides for the certificate of authentication of
the Trustee. If the Trustee's successor by merger, conversion, consolidation or
sale shall not have received the written approval of the Company, such successor
shall resign within 20 days after the merger, conversion, consolidation or sale
and such vacancy in the office of the Trustee shall be filled in the manner
specified in Section 610.

      Section 613. Preferential Collection of Claims Against Company.

      If and when the Trustee shall be or shall become a creditor, directly or
indirectly, secured or unsecured, of the Company (or any other obligor upon the
Debt Securities), the Trustee shall be subject to the provisions of the Trust
Indenture Act regarding collection of claims against the Company (or any such
other obligor).

      Section 614. Authenticating Agent.

      The Trustee shall upon Company request appoint one or more Authenticating
Agents (including, without limitation, the Company or any Affiliate thereof)
with respect to one or more series of Debt Securities which shall be authorized
on behalf of the Trustee in authenticating Debt Securities of such series in
connection with the issue, delivery, registration of transfer, exchange, partial
redemption or repayment of such Debt Securities. Wherever reference is made in
this Indenture to the authentication of Debt Securities by the

                                       36
<PAGE>
Trustee or the Trustee's certificate of authentication, such reference shall be
deemed to include authentication 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 must be acceptable to the
Company and, in the case of Registered Securities, must be a corporation
organized and doing business under the laws of the United States or of any State
or the District of Columbia, having a combined capital and surplus of at least
$1,000,000, authorized under such laws to do a trust business and subject to
supervision or examination by Federal or State authorities, and in the case of
Bearer Securities and an authenticating agent who is not organized and doing
business under the laws of the United States or of any State thereof or the
District of Columbia, is subject to supervision or examination by the
appropriate foreign authorities.

      Any corporation succeeding to the corporate agency business of an
authenticating agent shall continue to be an authenticating agent without the
execution or filing of any paper or any further act on the part of the Trustee
or such authenticating agent.

      An authenticating agent may at any time resign with respect to one or more
series of Debt Securities by giving written notice of resignation to the Trustee
and to the Company. The Trustee may at any time terminate the agency of any
authenticating agent with respect to one or more series of Debt Securities by
giving written notice of termination 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 an authenticating agent shall cease to be eligible in
accordance with the provisions of this Section, the Trustee may appoint a
successor authenticating agent. Any successor authenticating agent upon
acceptance of its appointment hereunder shall become vested with all rights,
powers and duties of its predecessor hereunder, with like effect as if
originally named as an authenticating agent herein. No successor authenticating
agent shall be appointed unless eligible under the provisions of this Section.

      The Trustee agrees to pay to each authenticating agent from time to time
reasonable compensation for its services under this Section, and the Trustee
shall be entitled to be reimbursed for such payment, subject to the provisions
of Section 607.

      The provisions of Sections 104, 111, 306, 309, 603, 604 and 605 shall be
applicable to any authenticating agent.

      Pursuant to each appointment made under this Section, the Debt Securities
of each series covered by such appointment may have endorsed thereon, in lieu of
the Trustee's certificate of authentication, an alternate certificate of
authentication in substantially the following form:

      This is one of the Debt Securities, of the series designated herein,
described in the within-mentioned Indenture.

      ------------------------------------------

      By
         ---------------------------------------
         As Authenticating Agent for the Trustee

      By
         ---------------------------------------
         Authorized Officer

                                  ARTICLE SEVEN

                Holders' Lists and Reports By Trustee and Company

      Section 701. Company to Furnish Trustee Names and Addresses of Holders.
      The Company will furnish or cause to be furnished to the Trustee with
respect to Debt Securities of each series for which it acts as Trustee:

            (1) semi-annually, not later than May 15 and November 15 in each
      year, a list, in such form as the Trustee may reasonably require, of the
      names and addresses of the Holders of Registered Securities as of the
      preceding May 1 or November 1, as the case may be, and

            (2) at such other times as the Trustee may request in writing,
      within 30 days after the receipt by the Company of any such request, a
      list of similar form and content as of a date not more than 15 days prior
      to the

                                       37
<PAGE>
      time such list is furnished;

provided, however, that if and so long as the Trustee shall be the Security
Registrar, no such list need be furnished.

      Section 702. Preservation of Information; Communications to Holders.

      (a) The Trustee shall preserve, in as current a form as is reasonably
practicable, the names and addresses of Holders of Registered Securities
contained in the most recent list furnished to the Trustee as provided in
Section 701 and the names and addresses of Holders of Registered Securities
received by the Trustee in its capacity as Paying Agent or Security Registrar,
if so acting. The Trustee may destroy any list furnished to it as provided in
Section 701 upon receipt of a new list so furnished. The Trustee shall preserve
for at least two years the names and addresses of Holders of Bearer Securities
filed with the Trustee by such Holders.

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

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

      Section 703. Reports by Trustee.

      (a) Within 60 days after May 15 of each year commencing with the first May
15 after the first issuance of Debt Securities pursuant to this Indenture and at
any other time required by the Trust Indenture Act, the Trustee shall transmit
to Holders such reports concerning the Trustee and its actions under this
Indenture and such other matters as may be required pursuant to the Trust
Indenture Act in the manner required by the Trust Indenture Act.

      (b) A copy of each such report shall, at the time of such transmission to
Holders, be filed by the Trustee with each stock exchange upon which any Debt
Securities of such series are listed, with the Commission and also with the
Company. The Company will notify the Trustee when any series of Debt Securities
are listed on any stock exchange.

      Section 704. Reports by Company.

      The Company shall 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 time and
in the manner pursuant to such Act; provided that such information, documents or
reports required to be filed with the Commission pursuant to Section 13 or
Section 15(d) of the Securities Exchange Act of 1934 shall be filed with the
Trustee within 15 days after the same is so required to be filed with the
Commission.

                                  ARTICLE EIGHT

              Consolidation, Merger, Conveyance, Transfer or Lease

      Section 801. Company May Consolidate, etc. Only on Certain Terms.

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

            (1) in case the Company shall consolidate with or merge into another
      corporation or convey, transfer or lease its properties and assets
      substantially as an entirety to any Person, the corporation formed by such
      consolidation or into which the Company is merged or the Person which
      acquires by conveyance or transfer, or which leases, the properties and
      assets of the Company substantially as an entirety shall be a corporation
      organized and existing under the laws of the United States of America, any
      political subdivision thereof or any State thereof and shall expressly
      assume, by an indenture supplemental hereto, executed and delivered to the
      Trustee, in form satisfactory to the Trustee, the due and punctual payment
      of the principal of (and premium, if any) and interest (including all
      additional amounts, if any, payable pursuant to Section 1006) on all the
      Debt

                                       38
<PAGE>
      Securities and the performance of every covenant of this Indenture on the
      part of the Company to be performed or observed;

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

            (3) the Company has delivered to the Trustee an Officers'
      Certificate and an Opinion of Counsel each stating that such
      consolidation, merger, conveyance, transfer or lease and such supplemental
      indenture comply with this Article and that all conditions precedent
      herein provided for relating to such transaction have been met.

      Section 802. Successor Corporation Substituted.

      Upon any consolidation with or merger into any other corporation, or any
conveyance, transfer or lease of the properties and assets of the Company
substantially as an entirety in accordance with Section 801, the successor
corporation formed by such consolidation or into which the Company is merged or
to which such conveyance, transfer or lease is made shall succeed to, and be
substituted for, and may exercise every right and power of, the Company under
this Indenture with the same effect as if such successor had been named as the
Company herein, and thereafter, except in the case of a lease, the Company
(which term for this purpose shall mean the Person named as the "Company" in the
first paragraph of this instrument or any successor corporation which shall
theretofore have become such in the manner presented in this Article) shall be
relieved of all obligations and covenants under this Indenture and the Debt
Securities and any coupons.

      Section 803. Conveyance or Transfer to a Wholly-owned Subsidiary.

      Notwithstanding the provisions of Sections 801 and 802, and without any
requirement of complying with any of such provisions, the Company may convey or
transfer its properties and assets substantially as an entirety to another
corporation organized and existing under the laws of the United States of
America or any State or the District of Columbia which is lawfully entitled to
acquire the same; provided, however, that immediately after giving effect to
such conveyance or transfer and to the receipt of the consideration therefore
such other corporation shall be a Wholly-owned Subsidiary of the Company and
prior to such conveyance or transfer there shall have been filed with the
Trustee an Officers' Certificate to the effect that the requirements of this
Section 803 will be complied with in connection with such conveyance or
transfer.

                                  ARTICLE NINE

                             Supplemental Indentures

      Section 901. Supplemental Indentures without Consent of Holders.

      Without the consent of 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:

            (1) to evidence the succession of another corporation to the
      Company, and the assumption by such successor of the covenants of the
      Company herein and in the Debt Securities contained; or

            (2) to add to the covenants of the Company, for the benefit of the
      Holders of all or any series of Debt Securities (and if such covenants are
      to be for the benefit of less than all series of Debt Securities, stating
      that such covenants are expressly being included solely for the benefit of
      such series) or any coupons, to convey, transfer, assign, mortgage or
      pledge any property to or with the Trustee, or to surrender any right or
      power herein conferred upon the Company; or

            (3) to add any additional Events of Default (and if such Events of
      Default are to be applicable to less than all series of Debt Securities,
      stating that such Events of Default are expressly being included solely to
      be applicable to such series); or

            (4) to add to, change or eliminate any of the provisions of this
      Indenture to provide that Bearer Securities may be registrable as to

                                       39
<PAGE>
      principal, to change or eliminate any restrictions on the payment of
      principal of (or premium, if any, on) Registered Securities or of
      principal of (or premium, if any, on) or any interest on Bearer
      Securities, to permit Bearer Securities to be issued in exchange for
      Registered Securities of other authorized denominations or to permit or
      facilitate the issuance of Debt Securities in uncertificated form,
      provided any such action shall not adversely affect the interests of the
      Holders of Debt Securities of any series or any related coupons in any
      material respect; or

            (5) to change or eliminate any of the provisions of this Indenture,
      provided that any such change or elimination (a) shall become effective
      only when there is no Debt Security Outstanding of any series created
      prior to the execution of such supplemental indenture which is entitled to
      the benefit of such provisions or (b) shall not apply to any Debt Security
      Outstanding; or

            (6) to establish the form or terms of Debt Securities of any series
      as permitted by Sections 201 and 301; or

            (7) to secure the Debt Securities; or

            (8) to evidence and provide for the acceptance of appointment
      hereunder by a successor Trustee with respect to the Debt Securities of
      one or more series and to add to or change any of the provisions of this
      Indenture as shall be necessary to provide for or facilitate the
      administration of the trusts hereunder by more than one Trustee, pursuant
      to the requirements of Section 611(b); or

            (9) to cure any ambiguity, to correct or supplement any provision
      herein which may be defective or inconsistent with any other provision
      herein, or to make any other provisions with respect to matters or
      questions arising under this Indenture which shall not be inconsistent
      with any provision of this Indenture, provided such other provisions shall
      not adversely affect the interests of the Holders of Debt Securities of
      any series or any related coupons in any material respect; or

            (10) to add to or change or eliminate any provision of this
      Indenture as shall be necessary or desirable in accordance with any
      amendments to the Trust Indenture Act, provided such action shall not
      adversely affect the interest of Holders of Debt Securities of any series
      or any related coupons in any material respect.

      Section 902. Supplemental Indentures with Consent of Holders.

      With the consent of the Holders of not less than a majority in principal
amount of the Outstanding Debt Securities of all series affected by such
supplemental indenture, acting together as a class, 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 under this Indenture of the Holders of such
Debt Securities of such series and any related coupons; provided, however, that
no such supplemental indenture shall, without the consent of the Holder of each
Outstanding Debt Security or coupon affected thereby,

            (1) change the Stated Maturity of the principal or any installment
      of principal of, or any installment of interest on, any Debt Security, or
      reduce the principal amount thereof or the interest thereon or any premium
      payable upon redemption or repayment thereof, or change any obligation of
      the Company to pay additional amounts pursuant to Section 1006 (except as
      contemplated by Section 801(1) and permitted by Section 901(1)), 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 502, or change any Place of Payment,
      or the coin or currency in which any Debt Security or the interest thereon
      or any coupon 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 or repayment, on or after the Redemption
      Date or Repayment Date, as the case may be), or

                                       40
<PAGE>
            (2) reduce the percentage in principal amount of the Outstanding
      Debt Securities of any series, the consent of whose Holders is required
      for any such supplemental indenture, or the consent of whose Holders 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 reduce the requirements of Section 1404 for
      quorum or voting, or

            (3) modify any of the provisions of this Section, Section 513 or
      Section 1009, except to increase any such percentage or to provide that
      certain other provisions of this Indenture cannot be modified or waived
      without the consent of the Holder of each Outstanding Debt Security
      affected thereby; provided, however, that this clause shall 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 and
      Section 1009, or the deletion of this proviso, in accordance with the
      requirements of Section 611(b) and 901(8), or

            (4) adversely affect the right to repayment, if any, of Debt
      Securities of any series at the option of the Holders thereof.

      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 Debt Securities, or which modifies
the rights of the Holders of Debt Securities of such series with respect to such
covenant or other provision, shall be deemed not to affect the rights under this
Indenture of the Holders of Debt Securities of any other series.

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

      Section 903. Execution of Supplemental Indentures.

      In executing, or accepting the additional trusts created by, any
supplemental indenture permitted by this Article or the modifications thereby of
the trusts created by this Indenture, the Trustee shall be entitled to receive,
and (subject to Section 601) shall be fully protected in relying upon, an
Opinion of Counsel stating that the execution of such supplemental indenture is
authorized or permitted by this Indenture. The Trustee may, but shall 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 904. Effect of Supplemental Indentures.

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

      Section 905. Conformity with Trust Indenture Act.

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

      Section 906. Reference in Debt Securities to Supplemental Indentures.

      Debt Securities of any series authenticated and delivered after the
execution of any supplemental indenture pursuant to this Article may, and shall
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 Debt Securities of any series and any appurtenant coupons 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 Debt
Securities of such series and any appurtenant coupons.

                                   ARTICLE TEN

                                    Covenants

                                       41
<PAGE>
      Section 1001. Payment of Principal, Premium and Interest.

      The Company covenants and agrees for the benefit of each series of Debt
Securities and any appurtenant coupons that it will duly and punctually pay the
principal of (and premium, if any) and interest on the Debt Securities in
accordance with the terms of the Debt Securities, any appurtenant coupons and
this Indenture. Any interest due on Bearer Securities on or before Maturity,
other than additional amounts, if any, payable as provided in Section 1006 in
respect of principal of (or premium, if any, on) such a Debt Security, shall be
payable only upon presentation and surrender of the coupon or coupons for such
interest installments as are evidenced thereby as they severally mature.

      Section 1002. Maintenance of Office or Agency.

      The Company will maintain in each Place of Payment for any series of Debt
Securities an office or agency where Debt Securities (but, except as otherwise
provided below, unless such Place of Payment is located outside the United
States, not Bearer Securities or coupons) may be presented or surrendered for
payment, where Debt Securities may be surrendered for registration of transfer
or exchange and where notices and demands to or upon the Company in respect of
the Debt Securities and this Indenture may be served. If Debt Securities of a
series are issuable as Bearer Securities, the Company will maintain, subject to
any laws or regulations applicable thereto, an office or agency in a Place of
Payment for such series which is located outside the United States where Debt
Securities of such series and the related coupons may be presented and
surrendered for payment (including payment of any additional amounts payable on
Debt Securities of such series pursuant to Section 1006); provided, however,
that if the Debt Securities of such series are listed on a stock exchange
located outside the United States and such stock exchange shall so require, the
Company will maintain a Paying Agent in any required city located outside the
United States, as the case may be, so long as the Debt Securities of such series
are listed on such exchange. The Company will give prompt written notice to the
Trustee of the location, and any change in the location, of any 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 or demands may be made or served at
_______________________________________________________, and the Company hereby
appoints __________________________________ its agent to receive all
presentations, surrenders, notices and demands, except that Bearer Securities of
that series and the related coupons may be resented and surrendered for payment
(including payment of any additional amounts payable on Bearer Securities of
that series pursuant to Section 1006) at the place specified for the purpose
pursuant to Section 301(5).

      No payment of principal of, or premium, if any, or interest on Bearer
Securities shall be made at any office or agency of the Company in the United
States or by check mailed to any address in the United States or by transfer to
an account maintained with a bank located in the United States; provided,
however, payment of principal of and any premium and interest (including
additional amounts payable in respect thereof) on any Bearer Security
denominated in Dollars may be made at an office or agency of, and designated by,
the Company located in the United States if (but only if) payment of the full
amount of such principal, premium, interest or additional amounts in Dollars at
all offices outside the United States maintained for the purpose by the Company
in accordance with this Indenture is illegal or effectively precluded by
exchange controls or other similar restrictions and the Trustee receives an
Opinion of Counsel that such payment within the United States is legal. Unless
otherwise provided as contemplated by Section 301 with respect to any series of
Debt Securities, at the option of the Holder of any Bearer Security or related
coupon, payment may be made by check in the currency designated for such payment
pursuant to the terms of such Bearer Security presented or mailed to an address
outside the United States or by transfer to an account in such currency
maintained by the payee with a bank located outside the United States.

      The Company may also from time to time designate one or more other offices
or agencies (in or outside of such Place of Payment) where the Debt Securities
of one or more series and any related coupons (subject to the preceding
paragraph) 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 shall in any manner relieve the Company of its
obligation to maintain an office or agency in each Place of Payment for any
series of Debt Securities for such purposes. The Company will give prompt
written notice to the Trustee of any such designation and any change in the
location of any such other office or agency.

      Section 1003. Money for Debt Securities Payments to Be Held in Trust.

      If the Company shall at any time act as its own Paying Agent with respect
to any series of Debt Securities, it will, on or before each due date of the
principal of (and premium, if any) or interest on any of the Debt Securities of
such series, segregate and hold in trust for the

                                       42
<PAGE>
benefit of the Persons entitled thereto a sum sufficient to pay the principal
(and premium, if any) or 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.

      Whenever the Company shall have one or more Paying Agents with respect to
any series of Debt Securities, it will, on or before each due date of the
principal of (and premium, if any) or interest on any of the Debt Securities of
such series, deposit with a Paying Agent a sum sufficient to pay the principal
(and premium, if any) or interest so becoming due, such sum to be held in trust
for the benefit of the Persons entitled to such principal, premium or interest,
and (unless such Paying Agent is the Trustee) the Company will promptly notify
the Trustee of its action or failure so to act.

      The Company will cause each Paying Agent with respect to any series of
Debt Securities other than the Trustee to execute and deliver to the Trustee an
instrument in which such Paying Agent shall agree with the Trustee, subject to
the provisions of this Section, that such Paying Agent will

            (1) hold all sums held by it for the payment of the principal of
      (and premium, if any) or interest on Debt Securities of such series in
      trust for the benefit of the Persons entitled thereto until such sums
      shall be paid to such Persons or otherwise disposed of as herein provided;

            (2) give the Trustee notice of any default by the Company (or any
      other obligor upon the Debt Securities of such series or any appurtenant
      coupons) in the making of any payment of principal of (and premium, if
      any) or interest on the Debt Securities of such series; and

            (3) at any time during the continuance of any such default, upon the
      written request of the Trustee, forthwith pay to the Trustee all sums so
      held in trust by such Paying Agent.

      The Company may at any time, for the purpose of terminating its
obligations under this Indenture with respect to Debt Securities of any series
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 shall be released from all
further liability with respect to such money.

      Any principal and interest received on the Government Obligations
deposited with the Trustee or 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
(and premium, if any) or interest on any Debt Security of any series or any
money on deposit with the Trustee or any Paying Agent representing amounts
deducted from the Redemption Price or Repayment Price with respect to unmatured
coupons not presented upon redemption or exercise of the Holder's option for
repayment pursuant to Section 1106 or 1303 and remaining unclaimed for two years
after such principal (and premium, if any) or interest has become due and
payable shall be paid to the Company on Company Request, or (if then held by the
Company) shall be discharged from such trust; and the Holder of such Debt
Security or any coupon appertaining thereto shall 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
(including the principal and interest received on Government Obligations
deposited with the Trustee), and all liability of the Company as trustee
thereof, shall 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 an Authorized Newspaper of
general circulation in the Borough of Manhattan, The City of New York, and each
Place of Payment or mailed to each such Holder, or both, notice that such money
remains unclaimed and that, after a date specified therein, which shall not be
less than 30 days from the date of such publication or mailing, any unclaimed
balance of such money then remaining will be repaid to the Company.

      Section 1004. Corporate Existence.

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

                                       43
<PAGE>
respect to the Holders.

      Section 1005. Maintenance of Properties.

      The Company will cause all properties used or useful in the conduct of its
business or the business of any Subsidiary 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 shall 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 and not disadvantageous in any material respect to
the Holders.

      Section 1006. Payment of Additional Amounts.

      If the Debt Securities of a series provide for the payment of additional
amounts, the Company will pay to the Holder of any Debt Security of any series
or any coupon appertaining thereto additional amounts upon the terms and subject
to the conditions provided therein. Whenever in this Indenture there is
mentioned, in any context, the payment of the principal of (or premium, if any)
or interest on, or in respect of, any Debt Security of any series or the net
proceeds received on the sale or exchange of any Debt Security of any series,
such mention shall be deemed to include mention of the payment of additional
amounts provided for in the terms of such Debt Securities and this Section to
the extent that, in such context, additional amounts are, were or would be
payable in respect thereof pursuant to the provisions of this Section and
express mention of the payment of additional amounts (if applicable) in any
provisions hereof shall not be construed as excluding additional amounts in
those provisions hereof where such express mention is not made.

      If the Debt Securities of a series provide for the payment of additional
amounts, at least 10 days prior to the first Interest Payment Date with respect
to that series of Debt Securities (or if the Debt Securities of that series will
not bear interest prior to Maturity, the first day on which a payment of
principal (and premium, if any) is made), and at least 10 days prior to each
date of payment of principal (and premium, if any) or interest if there has been
any change with respect to the matters set forth in the below-mentioned
Officers' Certificate, the Company will furnish the Trustee and the Company's
principal Paying Agent or Paying Agents, if other than the Trustee, with an
Officers' Certificate instructing the Trustee and such Paying Agent or Paying
Agents whether such payment of principal of (and premium, if any) or interest on
the Debt Securities of that series shall be made to Holders of Debt Securities
of that series or the related coupons who are United States Aliens without
withholding for or on account of any tax, assessment or other governmental
charge described in the Debt Securities of that series. If any such withholding
shall be required, then such Officers' Certificate shall specify by country the
amount, if any, required to be withheld on such payments to such Holders of Debt
Securities or coupons and the Company will pay to the Trustee or such Paying
Agent the additional amounts, if any, required by the terms of such Debt
Securities and the first paragraph of this Section. The Company covenants to
indemnify the Trustee and any Paying Agent for, and to hold them harmless
against, any loss, liability or expense reasonably incurred without negligence
or bad faith on their part arising out of or in connection with actions taken or
omitted by any of them in reliance on any Officers' Certificate furnished
pursuant to this Section.

      Section 1007. Payment of Taxes.

      The Company will pay or discharge or cause to be paid or discharged,
before the same shall become delinquent, all material taxes, assessments and
governmental charges levied or imposed upon the Company or any Subsidiary or
upon the income, profits or property of the Company or any Subsidiary, provided,
however, that the Company shall not be required to pay or discharge or cause to
be paid or discharged any such tax, assessment or charge whose amount,
applicability or validity is being contested in good faith by appropriate
proceedings or where failure to pay or discharge any such tax, assessment or
charge would not have a material adverse effect on the Holders.

      Section 1008. Officer's Certificate as to Default.

      The Company will furnish to the Trustee not more than 120 days after the
end of the Company's fiscal year in each year (beginning with ____) a brief
certificate from the principal executive, financial or accounting officer or
treasurer or controller of the Company as to his or her knowledge of the
Company's compliance with all conditions and covenants under this Indenture
(such compliance to be determined without regard to any period of grace or
requirement

                                       44
<PAGE>
of notice provided under this Indenture), and, if he or she has knowledge of any
default, specifying each such default of which the signer has knowledge and the
nature thereof.

      Section 1009. Waiver of Certain Covenants.

      The Company may omit in any particular instance to comply with any
covenant or condition set forth in Sections 1004, 1005 and 1007 inclusive with
respect to the Debt Securities of any series or any other covenant or condition
applicable to the Debt Securities of any series pursuant to Section 301 unless
such covenant or condition is determined pursuant to Section 301 not to be
subject to this provision if, before the time for such compliance the Holders of
at least a majority in principal amount of the Debt Securities at the time
Outstanding to which such covenant or condition applies shall, acting together
as a class by Act of such Holders, either waive such compliance in such instance
or generally waive compliance with such covenant or condition, but no such
waiver shall extend to or affect such covenant 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
covenant or condition shall remain in full force and effect.

                                 ARTICLE ELEVEN

                          Redemption of Debt Securities

      Section 1101. Applicability of Article.

      Debt Securities of any series which are redeemable before their Stated
Maturity shall be redeemable in accordance with their terms and (except as
otherwise specified as contemplated by Section 301 for Debt Securities of any
series) in accordance with this Article.

      Section 1102. Election to Redeem; Notice to Trustee.

      The election of the Company to redeem any Debt Securities shall be
evidenced by a Board Resolution. In case of any redemption at the election of
the Company of less than all of the Debt Securities of any series, the Company
shall, at least 45 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 and the tenor and
terms of the Debt Securities of any series to be redeemed. In the case of any
redemption of Debt Securities prior to the expiration of any restriction on such
redemption provided in the terms of such Debt Securities or elsewhere in this
Indenture, the Company shall furnish the Trustee with an Officers' Certificate
evidencing compliance with such restriction.

      Section 1103. Selection by Trustee of Debt Securities to be Redeemed.
      Except as otherwise specified as contemplated by Section 301 for Debt
Securities of any series, if less than all the Debt Securities of any series
with like tenor and terms are to be redeemed, the particular Debt Securities to
be redeemed shall be selected not more than 60 days prior to the Redemption Date
by the Trustee, from the Outstanding Debt Securities of such series with like
tenor and terms not previously called for redemption, by such method as the
Trustee shall deem fair and appropriate and which may provide for the selection
for redemption of portions (equal to the minimum authorized denomination for
Debt Securities of such series or any integral multiple thereof which is also an
authorized denomination) of the principal amount of Registered Securities or
Bearer Securities (if issued in more than one authorized denomination) of such
series of a denomination larger than the minimum authorized denomination for
Debt Securities of such series.

      The Trustee shall promptly notify the Company in writing of the Debt
Securities selected for redemption and, in the case of any Debt Securities
selected for partial redemption, the principal amount thereof to be redeemed.

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

      Section 1104. Notice of Redemption.

      Notice of redemption shall be given in the manner provided in Section 106
not less than 30 nor more than 60 days prior to the Redemption Date, to each
Holder of Debt Securities to be redeemed.

      All notices of redemption shall state:

                                       45
<PAGE>
            (1) the Redemption Date,

            (2) the Redemption Price,

            (3) if less than all Outstanding Debt Securities of any series are
      to be redeemed, the identification (and, in the case of partial
      redemption, the principal amounts) of the particular Debt Securities to be
      redeemed,

            (4) that on the Redemption Date the Redemption Price will become due
      and payable upon each such Debt Security to be redeemed, and that interest
      thereon shall cease to accrue on and after said date,

            (5) the Place or Places of Payment where such Debt Securities,
      together in the case of Bearer Securities with all coupons, if any,
      appertaining thereto maturing after the Redemption Date, are to be
      surrendered for payment of the Redemption Price,

            (6) that Bearer Securities may be surrendered for payment only at
      such place or places which are outside the United States, except as
      otherwise provided in Section 1002,

            (7) that the redemption is for a sinking fund, if such is the case,
      and

            (8) the CUSIP number, if any.

      A notice of redemption published as contemplated by Section 106 need not
identify particular Registered Securities to be redeemed.

      Notice of redemption of Debt Securities to be redeemed at the election of
the Company shall be given by the Company, or, at the Company's request, by the
Trustee in the name and at the expense of the Company.

      Section 1105. Deposit of Redemption Price.

      On or prior to any Redemption Date, the Company shall 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 1003) an amount of
money and/or Government Obligations the payments of principal and interest on
which when due (and without reinvestment) will provide money on or prior to the
Redemption Date in such amounts as will (together with any money irrevocably
deposited in trust with the Trustee, without investment) be sufficient to pay
the Redemption Price of, and (except if the Redemption Date shall be an Interest
Payment Date) accrued interest on, all the Debt Securities or portions thereof
which are to be redeemed on that date; provided, however, that deposits with
respect to Bearer Securities shall be made with a Paying Agent or Paying Agents
located outside the United States except as otherwise provided in Section 1002,
unless otherwise specified as contemplated by Section 301.

      Section 1106. Debt Securities Payable on Redemption Date.

      Notice of redemption having been given as aforesaid, the Debt Securities
to be redeemed shall, on the Redemption Date, become due and payable at the
Redemption Price therein specified and from and after such date (unless the
Company shall default in the payment of the Redemption Price and accrued
interest) such Debt Securities shall cease to bear interest and the coupons for
such interest appertaining to any Bearer Securities so to be redeemed, except to
the extent provided below, shall be void. Upon surrender of any such Debt
Security for redemption in accordance with said notice, such Debt Security shall
be paid by the Company at the Redemption Price, together with accrued interest
to the Redemption Date; provided, however, that installments of interest on
Bearer Securities whose Stated Maturity is on or prior to the Redemption Date
shall be payable only upon presentation and surrender of coupons for such
interest (at an office or agency located outside the United States except as
otherwise provided in Section 1002), and provided further, that installments of
interest on Registered Securities whose Stated Maturity is on or prior to the
Redemption Date shall be payable to the Holders of such Debt Securities, or one
or more Predecessor Securities, registered as such on the relevant Record Dates
according to their terms and the provisions of Section 307.

      If any Bearer Security surrendered for redemption shall not be accompanied
by all appurtenant coupons maturing after the Redemption Date, such Bearer
Security may be paid after deducting from the Redemption Price an amount equal
to the face amount of all such missing

                                       46
<PAGE>
coupons, or the surrender of such missing coupon or coupons may be waived by the
Company and the Trustee if there be furnished to them such security or indemnity
as they may require to save each of them and any Paying Agent harmless. If
thereafter the Holder of such Bearer Security shall surrender to the Trustee or
any Paying Agent any such missing coupon in respect of which a deduction shall
have been made from the Redemption Price, such Holder shall be entitled to
receive the amount so deducted without interest thereon; provided, however, that
interest represented by coupons shall be payable only upon presentation and
surrender of those coupons at an office or agency located outside of the United
States except as otherwise provided in Section 1002.

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

      Section 1107. Debt Securities Redeemed in Part.

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

                                 ARTICLE TWELVE

                                  Sinking Funds

      Section 1201. Applicability of Article.

      The provisions of this Article shall be applicable to any sinking fund for
the retirement of Debt Securities of a series except as otherwise specified as
contemplated by Section 301 for Debt Securities of such series.

      The minimum amount of any sinking fund payment provided for by the terms
of Debt 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 Debt Securities of any series is herein referred to an "optional
sinking fund payment". If provided for by the terms of Debt Securities of any
series, the amount of any sinking fund payment may be subject to reduction as
provided in Section 1202. Each sinking fund payment shall be applied to the
redemption of Debt Securities of any series as provided for by the terms of Debt
Securities of such series.

      Section 1202. Satisfaction of Sinking Fund Payments with Debt Securities.
      The Company (1) may deliver Outstanding Debt Securities of a series (other
than any previously called for redemption), together in the case of any Bearer
Securities of such series with all unmatured coupons appertaining thereto, and
(2) may apply as a credit Debt Securities of a series which have been redeemed
either at the election of the Company pursuant to the terms of such Debt
Securities or through the application of permitted optional sinking fund
payments pursuant to the terms of such Debt Securities, in each case in
satisfaction of all or any part of any sinking fund payment with respect to the
Debt Securities of such series required to be made pursuant to the terms of such
Debt Securities as provided for by the terms of such series; provided that such
Debt Securities have not been previously so credited. Such Debt Securities shall
be received and credited for such purpose by the Trustee at the Redemption Price
specified in such Debt Securities for redemption through operation of the
sinking fund and the amount of such sinking fund payment shall be reduced
accordingly. If as a result of the delivery or credit of Debt Securities in lieu
of cash payments pursuant to this Section 1202, the principal amount of Debt
Securities to be redeemed in order to exhaust the aforesaid cash payment shall
be less than $100,000, the Trustee need not call Debt Securities for redemption,
except upon Company Request, and such cash payment shall be held by the Trustee
or a Paying Agent and applied to the next succeeding sinking fund payment,
provided, however, that the Trustee or such Paying Agent shall at the request of
the Company from time to time pay over and deliver to the Company any cash
payment so being held by the Trustee or such Paying Agent upon delivery by the
Company to the Trustee of Debt Securities purchased by the Company having an
unpaid principal amount equal to the cash payment requested to be released to
the Company.

      Section 1203. Redemption of Debt Securities for Sinking Fund.

                                       47
<PAGE>
      Not less than 45 days prior to each sinking fund payment date for any
series of Debt Securities (unless a shorter period shall be satisfactory to the
Trustee), the Company will deliver to the Trustee an Officers' Certificate
specifying the amount of the next ensuing sinking fund payment for that series
pursuant to the terms of that series, the portion thereof, if any, which is to
be satisfied by payment of cash, the portion thereof, if any, which is to be
satisfied by crediting Debt Securities of that series pursuant to Section 1202
and the basis for any such credit and, prior to or concurrently with the
delivery of such Officers' Certificate, will also deliver to the Trustee any
Debt Securities to be so credited and not theretofore delivered to the Trustee.
Not less than 30 days (unless a shorter period shall be satisfactory to the
Trustee) before each such sinking fund payment date the Trustee shall select the
Debt Securities to be redeemed upon such sinking fund payment date in the manner
specified in Section 1103 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 1104. Such notice having been duly given, the redemption of such Debt
Securities shall be made upon the terms and in the manner stated in Sections
1105, 1106 and 1107.

                                ARTICLE THIRTEEN

                       Repayment at the Option of Holders

      Section 1301. Applicability of Article.

      Debt Securities of any series which are repayable at the option of the
Holders thereof before their Stated Maturity shall be repaid in accordance with
their terms and (except as otherwise specified pursuant to Section 301 for Debt
Securities of such series) in accordance with this Article.

      Section 1302. Repayment of Debt Securities.

      Each Debt Security which is subject to repayment in whole or in part at
the option of the Holder thereof on a Repayment Date shall be repaid at the
applicable Repayment Price together with interest accrued to such Repayment Date
as specified pursuant to Section 301.

      Section 1303. Exercise of Option; Notice.

      Each Holder desiring to exercise such Holder's option for repayment shall,
as conditions to such repayment, surrender the Debt Security to be repaid in
whole or in part together with written notice of the exercise of such option at
any office or agency of the Company in a Place of Payment, not less than 30 nor
more than 45 days prior to the Repayment Date; provided, however, that surrender
of Bearer Securities together with written notice of exercise of such option
shall be made at an office or agency located outside the United States except as
otherwise provided in Section 1002. Such notice, which shall be irrevocable,
shall specify the principal amount of such Debt Security to be repaid, which
shall be equal to the minimum authorized denomination for such Debt Security or
an integral multiple thereof, and shall identify the Debt Security to be repaid
and, in the case of a partial repayment of the Debt Security, shall specify the
denomination or denominations of the Debt Security or Debt Securities of the
same series to be issued to the Holder for the portion of the principal of the
Debt Security surrendered which is not to be repaid.

      If any Bearer Security surrendered for repayment shall not be accompanied
by all unmatured coupons and all matured coupons in default, such Bearer
Security may be paid after deducting from the Repayment Price an amount equal to
the face amount of all such missing coupons, or the surrender of such missing
coupon or coupons may be waived by the Company and the Trustee if there be
furnished to them such security or indemnity as they may require to save each of
them and any Paying Agent harmless. If thereafter the Holder of such Bearer
Security shall surrender to the Trustee or any Paying Agent any such missing
coupon in respect of which a deduction shall have been made from the Repayment
Price, such Holder shall be entitled to receive the amount so deducted without
interest thereon; provided, however, that interest represented by coupons shall
be payable only at an office or agency located outside the United States except
as otherwise provided in Section 1002.

      The Company shall execute and the Trustee shall authenticate and deliver
without service charge to the Holder of any Registered Security so surrendered a
new Registered Security or Securities of the same series, of any authorized
denomination specified in the foregoing notice, in an aggregate principal amount
equal to any portion of the principal of the Registered Security so surrendered
which is not to be repaid.

      The Company shall execute and the Trustee shall authenticate and deliver
without service charge to the Holder of any Bearer Security so surrendered a new
Registered Security or

                                       48
<PAGE>
Securities or new Bearer Security or Securities (and all appurtenant unmatured
coupons and matured coupons in default) or any combination thereof of the same
series of any authorized denomination or denominations specified in the
foregoing notice, in an aggregate principal amount equal to any portion of the
principal of the Debt Security so surrendered which is not to be paid; provided,
however, that the issuance of a Registered Security therefor shall be subject to
applicable laws and regulations, including provisions of the United States
Federal income tax laws and regulations in effect at the time of the exchange;
neither the Company, the Trustee nor the Security Registrar shall issue
Registered Securities for Bearer Securities if it has received an Opinion of
Counsel that as a result of such issuance the Company would suffer adverse
consequences under the United States Federal income tax laws then in effect and
the Company has delivered to the Trustee a Company Order directing the Trustee
not to make such issuances thereafter unless and until the Trustee receives a
subsequent Company Order to the contrary. The Company shall deliver copies of
such Company Order to the Security Registrar.

      For all purposes of this Indenture, unless the context otherwise requires,
all provisions relating to the repayment of Debt Securities shall relate, in the
case of any Debt Security repaid or to be repaid only in part, to the portion of
the principal of such Debt Security which has been or is to be repaid.

      Section 1304. Election of Repayment by Remarketing Entities.

      The Company may elect, with respect to Debt Securities of any series which
are repayable at the option of the Holders thereof before their Stated Maturity,
at any time prior to any Repayment Date to designate one or more Remarketing
Entities to purchase, at a price equal to the Repayment Price, Debt Securities
of such series from the Holders thereof who give notice and surrender their Debt
Securities in accordance with Section 1303.

      Section 1305. Securities Payable on the Repayment Date.

      Notice of exercise of the option of repayment having been given and the
Debt Securities so to be repaid having been surrendered as aforesaid, such Debt
Securities shall, unless purchased in accordance with Section 1304, on the
Repayment Date become due and payable at the price therein specified and from
and after the Repayment Date such Debt Securities shall cease to bear interest
and shall be paid on the Repayment Date, and the coupons for such interest
appertaining to Bearer Securities so to be repaid, except to the extent provided
above, shall be void, unless the Company shall default in the payment of such
price in which case the Company shall continue to be obligated for the principal
amount of such Debt Securities and shall be obligated to pay interest on such
principal amount at the rate borne by such Debt Securities from time to time
until payment in full of such principal amount.

                                ARTICLE FOURTEEN

                     Meetings of Holders of Debt Securities

      Section 1401. Purposes for Which Meetings May Be Called.

      If Debt Securities of a series are issuable in whole or in part as Bearer
Securities, a meeting of Holders of Debt Securities of such series may be called
at any time and from time to time pursuant to this Article to make, give or take
any request, demand, authorization, direction, notice, consent, waiver or other
Act provided by this Indenture to be made, given or taken by Holders of Debt
Securities of such series.

      Section 1402. Call, Notice and Place of Meetings.

      (a) The Trustee may at any time call a meeting of Holders of Debt
Securities of any series issuable as Bearer Securities for any purpose specified
in Section 1401, to be held at such time and at such place in the Borough of
Manhattan, The City of New York, or in London as the Trustee shall determine.
Notice of every meeting of Holders of Debt Securities of any series, setting
forth the time and the place of such meeting and in general terms the action
proposed to be taken at such meeting, shall be given, in the manner provided in
Section 106, not less than 21 nor more than 180 days prior to the date fixed for
the meeting.

      (b) In case at any time the Company, pursuant to a Board Resolution, or
the Holders of at least 25% in principal amount of the Outstanding Debt
Securities of any series shall have requested the Trustee to call a meeting of
the Holders of Debt Securities of such series for any purpose specified in
Section 1401, by written request setting forth in reasonable detail the action
proposed to be taken at the meeting, and the Trustee shall not have made the
first publication of the notice of such meeting within 21 days after receipt of
such request or shall not thereafter proceed to cause the meeting to be held as
provided herein, then the Company or

                                       49
<PAGE>
the Holders of Debt Securities of such series in the amount above specified, as
the case may be, may determine the time and the place in the Borough of
Manhattan, The City of New York, or in London for such meeting and may call such
meeting for such purposes by giving notice thereof as provided in subsection (a)
of this Section.

      Section 1403. Persons Entitled to Vote at Meetings.

      To be entitled to vote at any meeting of Holders of Debt Securities of any
series, a Person shall be (1) a Holder of one or more Outstanding Debt
Securities of such series, or (2) a Person appointed by an instrument in writing
as proxy for a Holder or Holders of one or more Outstanding Debt Securities of
such series by such Holder or Holders. The only Persons who shall be entitled to
be present or to speak at any meeting of Holders of Debt Securities of any
series shall be the Persons entitled to vote at such meeting and their counsel,
any representatives of the Trustee and its counsel and any representatives of
the Company and its counsel.

      Section 1404. Quorum; Action.

      The Persons entitled to vote a majority in principal amount of the
Outstanding Debt Securities of a series shall constitute a quorum for a meeting
of Holders of Debt Securities of such series. In the absence of a quorum within
30 minutes of the time appointed for any such meeting, the meeting shall, if
convened at the request of Holders of Debt Securities of such series, be
dissolved. In the absence of a quorum in any other case the meeting may be
adjourned for a period of not less than 10 days as determined by the chairperson
of the meeting prior to the adjournment of such meeting. In the absence of a
quorum at any such adjourned meeting, such adjourned meeting may be further
adjourned for a period of not less than 10 days as determined by the chairperson
of the meeting prior to the adjournment of such adjourned meeting. Notice of
this reconvening of any adjourned meeting shall be given as provided in Section
1402(a), except that such notice need be given only once not less than five days
prior to the date on which the meeting is scheduled to be reconvened. Notice of
the reconvening of an adjourned meeting shall state expressly the percentage, as
provided above, of the principal amount of the Outstanding Debt Securities of
such series which shall constitute a quorum.

      Except as limited by the proviso to Section 902, any resolution presented
to a meeting or adjourned meeting duly reconvened at which a quorum is present
as aforesaid may be adopted only by the affirmative vote of the Holders of
majority in principal amount of the Outstanding Debt Securities of that series,
provided, however, that, except as limited by the proviso to Section 902, any
resolution with respect to any request, demand, authorization, direction,
notice, consent, waiver or other Act which this Indenture expressly provides may
be made, given or taken by the Holders of a specified percentage, which is less
than a majority, in principal amount of the Outstanding Debt Securities of a
series may be adopted at a meeting or an adjourned meeting duly reconvened and
at which a quorum is present as aforesaid by the affirmative vote of the Holders
of such specified percentage in principal amount of the Outstanding Debt
Securities of that series.

      Any resolution passed or decision taken at any meeting of Holders of Debt
Securities of any series duly held in accordance with this Section shall be
binding on all the Holders of Debt Securities of such series and the related
coupons, whether or not present or represented at the meeting.

      Section 1405. Determination of Voting Rights; Conduct and Adjournment of
Meetings.

      (a) Notwithstanding any other provisions of this Indenture, the Trustee
may make such reasonable regulations as it may deem advisable for any meeting of
Holders of Debt Securities of such series in regard to proof of the holding of
Debt Securities of such series and of the appointment of proxies and in regard
to the appointment and duties of inspectors of votes, the submission and
examination of proxies, certificates and other evidence of the right to vote,
and such other matters concerning the conduct of the meeting as it shall deem
appropriate. Except as otherwise permitted or required by any such regulations,
the holding of Debt Securities shall be proved in the manner specified in
Section 104 and the appointment of any proxy shall be proved in the manner
specified in Section 104 or, in the case of Bearer Securities, by having the
signature of the person executing the proxy witnessed or guaranteed by any trust
company, bank or banker authorized by Section 104 to certify to the holding of
Bearer Securities. Such regulations may provide that written instruments
appointing proxies, regular on their face, may be presumed valid and genuine
without the proof specified in Section 104 or other proof.

      (b) The Trustee shall, by an instrument in writing, appoint a temporary
chairperson of the meeting, unless the meeting shall have been called by the
Company or by Holders of Debt Securities as provided in Section 1402(b), in
which case the Company or the Holders of Debt Securities of the series calling
the meeting, as the case may be, shall in like manner appoint a

                                       50
<PAGE>
temporary chairperson. A permanent chairperson and a permanent secretary of the
meeting shall be elected by vote of the Persons entitled to vote a majority in
principal amount of the Outstanding Debt Securities of such series represented
at the meeting.

      (c) At any meeting each Holder of a Debt Security of such series or proxy
shall be entitled to one vote for each $1,000 principal amount (or the
equivalent in Euro, any other composite currency or a Foreign Currency) of Debt
Securities of such series held or represented by him; provided, however, that no
vote shall be cast or counted at any meeting in respect of any Debt Security
challenged as not Outstanding and ruled by the chairperson of the meeting not to
be Outstanding. The chairperson of the meeting shall have no right to vote,
except as a Holder of a Debt Security of such series or proxy.

      (d) Any meeting of Holders of Debt Securities of any series duly called
pursuant to Section 1402 at which a quorum is present may be adjourned from time
to time by Persons entitled to vote a majority in principal amount of the
Outstanding Debt Securities of such series represented at the meeting; and the
meeting may be held as so adjourned without further notice.

      Section 1406. Counting Votes and Recording Action of Meetings.

      The vote upon any resolution submitted to any meeting of Holders of Debt
Securities of any series shall be by written ballots on which shall be
subscribed the signatures of the Holders of Debt Securities of such series or of
their representatives by proxy and the principal amounts and serial numbers of
the Outstanding Debt Securities of such series held or represented by them. The
permanent chairperson of the meeting shall appoint two inspectors of votes who
shall count all votes cast at the meeting for or against any resolution and who
shall make and file with the secretary of the meeting their verified written
reports in triplicate of all votes cast at the meeting. A record, at least in
triplicate, of the proceedings of each meeting of Holders of Debt Securities of
any series shall be prepared by the secretary of the meeting and there shall be
attached to said record the original reports of the inspectors of votes on any
vote by ballot taken thereat and affidavits by one or more persons having
knowledge of the facts setting forth a copy of the notice of the meeting and
showing that said notice was given as provided in Section 1402 and, if
applicable, Section 1401. Each copy shall be signed and verified by the
affidavits of the permanent chairperson and secretary of the meeting and one
such copy shall be delivered to the Company, and another to the Trustee to be
preserved by the Trustee, the latter to have attached thereto the ballots voted
at the meeting. Any record so signed and verified shall be conclusive evidence
of the matters therein stated.

                                 ARTICLE FIFTEEN

                                   Defeasance

      Section 1501. Termination of Company's Obligations.

      If this Section 1501 is specified, as contemplated by Section 301, to be
applicable to any series of Debt Securities and if the Company deposits
irrevocably in trust with the Trustee money and/or Government Obligations the
payments of principal and interest on which when due (and without reinvestment)
will provide money in such amounts as will (together with any money irrevocably
deposited in trust with the Trustee, without investment) be sufficient to pay
the principal of (and premium, if any) and any installment of principal of (and
premium, if any) or interest when due on the Debt Securities of such series and
any coupons appertaining thereto on the Stated Maturity of such principal or
interest or, if such series may be redeemed by the Company prior to the Stated
Maturity thereof and the Company shall have given irrevocable instructions to
the Trustee to effect such redemption, at the date fixed for such redemption
pursuant to Article Eleven, and any mandatory sinking fund, repayment or
analogous payments thereon on the scheduled due dates therefor, the Company's
obligations under Sections 801, 803, 1005 and 1007 and any other covenant
determined pursuant to Section 301 to be subject to this Section shall terminate
and Sections 501(4) (with respect to Sections 801, 803, 1005 and 1007), 501(5),
501(6), 501(7) and 501(8) (if specified as contemplated by Section 301) shall be
deemed not to be an Event of Default, in each case with respect to the Debt
Securities of the series for which such deposit was made; provided, however,
that (i) no Event of Default with respect to the Debt Securities of such series
under Section 501(6) or 501(7) or event that with notice or lapse of time or
both would constitute such an Event of Default shall have occurred and be
continuing on the 91st day after such date, (ii) such deposit will not result in
a breach of, or constitute a default under, this Indenture or any other
agreement or instrument to which the Company is a party or by which it is bound,
and (iii) such termination shall not relieve the Company of its obligations
under the Debt Securities of such series and this Indenture to pay when due the
principal of (and premium, if any) and interest and additional amounts on such
Debt Securities if such amounts are not paid (or payment is not provided for)
when due from the money and Government Obligations (and the proceeds thereof) so
deposited.

                                       51
<PAGE>
      It shall be a condition to the deposit of cash and/or Government
Obligations and the termination of the Company's obligations pursuant to the
provisions of this Section with respect to the Debt Securities of any series
under Sections 801, 803, 1005 and 1007 and any other covenant determined
pursuant to Section 301 to be subject to this Section and the inapplicability of
the Events of Default contained in Sections 501(4), 501(5), 501(6), 501(7) and
501(8) to the extent set forth above pursuant to the provisions of this Section
with respect to Debt Securities of any series that the Company deliver to the
Trustee (i) an Officers' Certificate to the effect that under the laws in effect
on the date such money and/or Government Obligations are deposited with the
Trustee, the amount thereof will be sufficient, after payment of all Federal,
state and local taxes in respect thereof payable by the Trustee, to pay
principal (and premium, if any) and interest when due on the Debt Securities of
such series; and (ii) an Officers' Certificate and an Opinion of Counsel, each
stating that all conditions precedent herein provided for relating to the
defeasance contemplated in this Section have been complied with.

      It shall be an additional condition to the deposit of cash and/or
Government Obligations and the termination of the Company's obligations pursuant
to the provisions of this Section under Sections 801, 803, 1005 and 1007 and any
other covenant determined pursuant to Section 301 to be subject to this Section
and the inapplicability of the Events of Default contained in Section 501(4),
501(5), 501(6), 501(7) and 501(8) to the extent set forth above pursuant to the
provisions of this Section, with respect to the Debt Securities of any series
then listed on the New York Stock Exchange, that the Company deliver an Opinion
of Counsel that the Debt Securities of such series will not be delisted from the
New York Stock Exchange as a result of such deposit and termination.

      After a deposit as provided herein, the Trustee shall, upon Company
Request, acknowledge in writing the discharge of the Company's obligations
pursuant to the provisions of this Section with respect to the Debt Securities
of such series under Sections 801, 803, 1005 and 1007 and any other covenant
determined pursuant to Section 301 to be subject to this Section and the
inapplicability of the Events of Default contained in Sections 501(4), 501(5),
501(6), 501(7) and 501(8) to the extent set forth above.

      Section 1502. Repayment to Company.

      The Trustee and any Paying Agent shall promptly pay to the Company upon
Company Request any money or Government Obligations not required for the payment
of the principal of (and premium, if any) and interest on the Debt Securities of
any series for which money or Government Obligations have been deposited
pursuant to Section 1501 held by them at any time.

      The Trustee and any Paying Agent shall promptly pay to the Company upon
Company Request any money held by them for the payment of principal (and
premium, if any) and interest that remains unclaimed for two years after the
Maturity of the Debt Securities for which a deposit has been made pursuant to
Section 1501. After such payment to the Company, the Holders of the Debt
Securities of such series and any related coupons shall thereafter, as unsecured
general creditors, look only to the Company for the payment thereof.

      Section 1503. Indemnity for Government Obligations.

      The Company shall pay and shall indemnify the Trustee against any tax, fee
or other charge imposed on or assessed against the deposited Government
Obligations or the principal or interest received on such Government
Obligations.

                                       52
<PAGE>
      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.

                                       G&K SERVICES, INC.

                                       By
                                          --------------------------------------

                                       Its
                                           -------------------------------------
[CORPORATE SEAL]

Attest:

----------------------------------
            Secretary

                                       -----------------------------------------
                                       By
                                          --------------------------------------

                                       Its
                                           -------------------------------------
[CORPORATE SEAL]

Attest:

----------------------------------

                                       53
<PAGE>
STATE OF                                             )
         -----------------------------------         )
                                                     )SS.
COUNTY OF                                            )
          ----------------------------------         )

      On the ____ day of ___________________, before me personally came
__________________________, to me known, who, being duly sworn, did depose and
say that he resides at _____________________________; that he is
_____________________ of G&K Services, Inc., a corporation described in and
which executed the above instrument; that he knows the seal of said corporation;
that it was so affixed pursuant to the authority of the Board of Directors of
said corporation; and that he signed his name thereto pursuant to like
authority.

                                       -----------------------------------------
                                       Notary Public

                                       54
<PAGE>
STATE OF                                             )
         -----------------------------------         )
                                                     )SS.
COUNTY OF                                            )
          ----------------------------------         )

      On the ____ day of _____________________, before me personally came
______________________, to me known, who, being duly sworn, did depose and say
that he resides at _____________________________; that he is ________________ of
__________________________, a national banking association described in and
which executed the above instrument; that he knows the seal of said corporation;
that it was so affixed pursuant to the authority of the Board of Directors of
said corporation; and that he signed his name thereto pursuant to like
authority.

                                       -----------------------------------------
                                       Notary Public

                                       55
<PAGE>
                                                                     EXHIBIT A-1

                [Form of Certificate of Beneficial Ownership by a
              Non-United States Person or by Certain Other Persons]
                                   Certificate

                               G&K SERVICES, INC.

                   [Insert title or sufficient description of
                        Debt Securities to be delivered]

      Reference is hereby made to the Indenture dated as of
_________________________ (the "Indenture") between G&K Services, Inc. and
________________________________________ (the "Trustee"), covering the
above-captioned Debt Securities. This is to certify that as of the date hereof,
____________ principal amount of Debt Securities credited to you for our account
(i) is owned by persons that are not United States Persons, as defined below;
(ii) is owned by United States Persons that are (a) foreign branches of United
States financial institutions (as defined in U.S. Treasury Regulations Section
1.165-12(c)(1)(v)) ("financial institutions") purchasing for their own account
or for resale, or (b) United States Persons who acquired the Debt Securities
through foreign branches of United States financial institutions and who hold
the Debt Securities through such United States financial institutions on the
date hereof (and in either case (a) or (b), each such United States financial
institution encloses herewith a certificate in the form of Exhibit A-2 to the
Indenture); or (iii) is owned by United States or foreign financial institutions
for purposes of resale during the restricted period (as defined in U.S. Treasury
Regulations Section 1.163-5(c)(2)(i)(D)(7)), which United States or foreign
financial institutions described in clause (iii) above (whether or not also
described in clause (i) or (ii)) certify that they have not acquired the Debt
Securities for purposes of resale directly or indirectly to a United States
Person or to a person within the United States or its possessions.

      [Insert if certificate does not relate to an interest payment--We
undertake to advise you by tested telex followed by written confirmation if the
above statement as to beneficial ownership is not correct on the date of
delivery of the above-captioned Debt Securities in bearer form as to all of such
Debt Securities with respect to such of said Debt Securities as then appear in
your books as being held for our account.] We understand that this certificate
is required in connection with United States tax laws. We irrevocably authorize
you to produce this certificate or a copy hereof to any interested party in any
administrative or legal proceedings with respect to the matters covered by this
certificate. "United States Person" shall mean a citizen or resident of the
United States of America (including the District of Columbia), a corporation,
partnership or other entity created or organized in or under the laws of the
United States or any political subdivision thereof or an estate the income of
which is subject to United States Federal income taxation regardless of its
source, or a trust if a court within the United States is able to exercise
primary supervision over its administration and one or more United States
persons have the authority to control all of its substantial decisions, or
certain election trusts that were in existence on August 19, 1996, and were
treated as democratic trusts on that date.

      [This certificate excepts and does not relate to principal amount of Debt
Securities credited to you for our account and to which we are not now able to
make the certification set forth above. We understand that definitive Debt
Securities cannot be delivered and interest cannot be paid until we are able to
so certify with respect to such principal amount of Debt Securities.]*

                                      A-1
<PAGE>
Dated:
       ---------------------------
[To be dated on or after
                     (the date
--------------------
determined as provided in the
Indenture)]
                                       [Name of Person Entitled to Receive
                                       Bearer Security]

                                       -----------------------------------------
                                                  (Authorized Signatory)
                                       Name:
                                             -----------------------------------
                                       Title:
                                              ----------------------------------

----------
*  Delete if inappropriate

                                      A-2
<PAGE>

                                                                     EXHIBIT A-2

                       [Form of Certificate of Status as a
            Foreign Branch of a United States Financial Institution]
                                   Certificate

                               G&K SERVICES, INC.

                   [Insert title or sufficient description of
                        Debt Securities to be delivered]

      Reference is hereby made to the Indenture dated as of
______________________ (the "Indenture"), G&K Services, Inc. and
____________________________, relating to the offering of the above-captioned
Debt Securities (the "Debt Securities"). Unless herein defined, terms used
herein have the same meaning as given to them in the Indenture.

      The undersigned represents that it is a branch located outside the United
States of a United States securities clearing organization, bank or other
financial institution (as defined in U.S. Treasury Regulation Section
1.165-12(c)(1)(v)) that holds customers' securities in the ordinary course of
its trade or business and agrees, and authorizes you to advise the issuer or the
issuer's agent, that it will comply with the requirements of Section
165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986 and the
regulations thereunder and is not purchasing for resale directly or indirectly
to a United States Person or to a person within the United States or its
possessions. We undertake to advise you by tested telex followed by written
confirmation if the statement in the immediately preceding sentence is not
correct on the date of delivery of the above-captioned Debt Securities in bearer
form.

      We understand that this certificate is required in connection with the
United States tax laws. We irrevocably authorize you to produce this certificate
or a copy hereof to any interested party in any administrative or legal
proceedings with respect to the matters covered by this certificate. Dated:

       ---------------------------
[To be dated on or after
                        (the

-----------------------
date determined as provided
in the Indenture)]

                                       [Name of Person Entitled to Receive
                                       Bearer Security]

                                       -----------------------------------------
                                                   (Authorized Signatory)
                                       Name:
                                             -----------------------------------
                                       Title:
                                              ----------------------------------

                                      A-2

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