Document:

EX 4.4 Emeritus Indenture Convertible Subordinated Debt Securities S-3

     

    EXHIBIT 4.4

    

     

    EMERITUS
      CORPORATION,

     

    ISSUER

     

    TO

     

    _________________________,

     

    TRUSTEE

     

    

     

    INDENTURE

     

    

    CONVERTIBLE
      SUBORDINATED DEBT SECURITIES

     

    

     

    

     

    DATED
      AS OF _______________, 20__

     

    

     

    

     

    

     

    

     

    

    
      
         

      

      
         

        
          

        

      

      
         

        
        

      

    

     

    Reconciliation
      and tie between Trust Indenture Act of 1939 (the "Trust Indenture Act") and
      Indenture

     

    

      
        	 	
                Trust
                  Indenture Act

              	 	
                Indenture

              
	 	
                of
                  1939 Section

              	 	
                Section

              
	
                310

              	
                (a)(1)
                  

              	 	
                6.8

              
	 	
                (a)(2)
                  

              	 	
                6.8

              
	 	
                (a)(3)
                  

              	 	
                TIA

              
	 	
                (a)(4)
                  

              	 	
                Not
                  Applicable

              
	 	
                (a)(5)
                  

              	 	
                TIA

              
	 	
                (b)
                  

              	 	
                6.9

              
	 	
                (c)
                  

              	 	
                TIA

              
	
                311

              	
                (a)
                  

              	 	
                TIA

              
	 	
                (b)
                  

              	 	
                TIA

              
	 	
                (c)
                  

              	 	
                TIA

              
	
                312

              	
                (a)
                  

              	 	
                7.1

              
	 	
                (b)
                  

              	 	
                7.2

              
	 	
                (c)
                  

              	 	
                7.2

              
	
                313

              	
                (a)
                  

              	 	
                7.3

              
	 	
                (b)
                  

              	 	
                7.3

              
	 	
                (c)
                  

              	 	
                7.3

              
	 	
                (d)
                  

              	 	
                7.3

              
	
                314

              	
                (a)
                  

              	 	
                7.4

              
	 	
                (b)
                  

              	 	
                Not
                  Applicable

              
	 	
                (c)(1)
                  

              	 	
                1.2

              
	 	
                (c)(2)
                  

              	 	
                1.2

              
	 	
                (c)(3)
                  

              	 	
                Not
                  Applicable

              
	 	
                (d)
                  

              	 	
                Not
                  Applicable

              
	 	
                (e)
                  

              	 	
                1.2

              
	 	
                (f)
                  

              	 	
                1.2

              
	
                315

              	
                (a)
                  

              	 	
                TIA

              
	 	
                (b)
                  

              	 	
                6.3

              
	 	
                (c)
                  

              	 	
                TIA

              
	 	
                (d)(1)
                  

              	 	
                TIA

              
	 	
                (d)(2)
                  

              	 	
                TIA

              
	 	
                (d)(3)
                  

              	 	
                TIA

              
	 	
                (e)
                  

              	 	
                TIA

              
	
                316

              	
                (a)
                  (last sentence) 

              	 	
                1.1

              
	 	
                (a)(1)(A)
                  

              	 	
                5.2;
                  5.12

              
	 	
                (a)(1)(B)
                  

              	 	
                5.13

              
	 	
                (b)
                  

              	 	
                5.8

              
	 	
                (c)
                  

              	 	
                TIA

              
	
                317

              	
                (a)(1)
                  

              	 	
                5.3

              

      

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    

      
        	 	
                Trust
                  Indenture Act

              	 	
                Indenture

              
	 	
                of
                  1939 Section

              	 	
                Section

              
	 	
                (a)(2)
                  

              	 	
                5.4

              
	 	
                (b)
                  

              	 	
                10.3

              
	
                318

              	
                (a)
                  

              	 	
                1.1

              
	 	
                (b)
                  

              	 	
                10.8

              
	 	
                (c)
                  

              	 	
                1.1;
                  TIA

              

      

    

     

     

    This
      reconciliation and tie section does not constitute part of the
      Indenture.

    

    
      
         

      

      
         

        
          

        

      

      
         

        
        

      

    

    
      	 	 	
              TABLE
                OF CONTENTS

            	 
	 	 	 	
              Page

            
	
              ARTICLE
                1. DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

            	 	 	
              1

            
	 	
              Section
                1.1.

            	
              Definitions

            	
              1

            
	 	
              Section
                1.2.

            	
              Compliance
                Certificates and Opinions

            	
              10

            
	 	
              Section
                1.3.

            	
              Form
                of Documents Delivered to Trustee

            	
              11

            
	 	
              Section
                1.4.

            	
              Acts
                of Holders

            	
              11

            
	 	
              Section
                1.5.

            	
              Notices,
                Etc. to the Trustee and the Company

            	
              13

            
	 	
              Section
                1.6.

            	
              Notice
                to Holders of Securities; Waiver

            	
              14

            
	 	
              Section
                1.7.

            	
              Language
                of Notices

            	
              14

            
	 	
              Section
                1.8.

            	
              Conflict
                with Trust Indenture Act

            	
              15

            
	 	
              Section
                1.9.

            	
              Effect
                of Headings and Table of Contents

            	
              15

            
	 	
              Section
                1.10.

            	
              Successors
                and Assigns

            	
              15

            
	 	
              Section
                1.11.

            	
              Separability
                Clause

            	
              15

            
	 	
              Section
                1.12.

            	
              Benefits
                of Indenture

            	
              15

            
	 	
              Section
                1.13.

            	
              Governing
                Law

            	
              15

            
	 	
              Section
                1.14.

            	
              Legal
                Holidays

            	
              15

            
	 	
              Section
                1.15.

            	
              Counterparts

            	
              16

            
	 	
              Section
                1.16.

            	
              Judgment
                Currency

            	
              16

            
	 	
              Section
                1.17.

            	
              No
                Security Interest Created

            	
              16

            
	 	
              Section
                1.18.

            	
              Limitation
                on Individual Liability

            	
              16

            
	
              ARTICLE
                2. SECURITIES FORMS

            	 	 	
              17

            
	 	
              Section
                2.1.

            	
              Forms
                Generally

            	
              17

            
	 	
              Section
                2.2.

            	
              Form
                of Trustee's Certificate of Authentication

            	
              17

            
	 	
              Section
                2.3.

            	
              Securities
                in Global Form

            	
              18

            
	
              ARTICLE
                3. THE SECURITIES

            	 	 	
              18

            
	 	
              Section
                3.1.

            	
              Amount
                Unlimited; Issuable in Series

            	
              18

            
	 	
              Section
                3.2.

            	
              Currency;
                Denominations

            	
              22

            
	 	
              Section
                3.3.

            	
              Execution,
                Authentication, Delivery and Dating

            	
              22

            
	 	
              Section
                3.4.

            	
              Temporary
                Securities

            	
              24

            
	 	
              Section
                3.5.

            	
              Registration,
                Transfer and Exchange

            	
              25

            
	 	
              Section
                3.6.

            	
              Mutilated,
                Destroyed, Lost and Stolen Securities

            	
              28

            
	 	
              Section
                3.7.

            	
              Payment
                of Interest and Certain Additional Amounts; Rights 

            	 
	 	 	
              to
                Interest and Certain Additional Amounts Preserved

            	
              29

            
	 	
              Section
                3.8.

            	
              Persons
                Deemed Owners

            	
              30

            
	 	
              Section
                3.9.

            	
              Cancellation

            	
              31

            
	 	
              Section
                3.10.

            	
              Computation
                of Interest

            	
              31

            
	
              ARTICLE
                4. SATISFACTION AND DISCHARGE OF INDENTURE

            	 	 	
              31

            
	 	
              Section
                4.1.

            	
              Satisfaction
                and Discharge

            	
              31

            
	 	
              Section
                4.2.

            	
              Defeasance
                and Covenant Defeasance

            	
              33

            
	 	
              Section
                4.3.

            	
              Application
                of Trust Money

            	
              36

            
	 	
              Section
                4.4.

            	
              Reinstatement

            	
              37

            

    

     

    
      
         

      

      
        i

        
          

        

      

      
         

      

    

     

    

      
        	 	 	 	
                Page

              
	
                ARTICLE
                  5. REMEDIES

              	 	 	
                37

              
	 	
                Section
                  5.1.

              	
                Events
                  of Default

              	
                37

              
	 	
                Section
                  5.2.

              	
                Acceleration
                  of Maturity; Rescission and Annulment

              	
                39

              
	 	
                Section
                  5.3.

              	
                Collection
                  of Indebtedness and Suits for Enforcement by 

              	 
	 	 	
                Trustee

              	
                40

              
	 	
                Section
                  5.4.

              	
                Trustee
                  May File Proofs of Claim

              	
                41

              
	 	
                Section
                  5.5.

              	
                Trustee
                  May Enforce Claims Without Possession of Securities 

              	 
	 	 	
                or
                  Coupons

              	
                41

              
	 	
                Section
                  5.6.

              	
                Application
                  of Money Collected

              	
                42

              
	 	
                Section
                  5.7.

              	
                Limitations
                  on Suits

              	
                42

              
	 	
                Section
                  5.8.

              	
                Unconditional
                  Right of Holders to Receive Principal and Any 

              	 
	 	 	
                Premium,
                  Interest and Additional Amounts

              	
                43

              
	 	
                Section
                  5.9.

              	
                Restoration
                  of Rights and Remedies

              	
                43

              
	 	
                Section
                  5.10.

              	
                Rights
                  and Remedies Cumulative

              	
                43

              
	 	
                Section
                  5.11.

              	
                Delay
                  or Omission Not Waiver

              	
                43

              
	 	
                Section
                  5.12.

              	
                Control
                  by Holders of Securities

              	
                44

              
	 	
                Section
                  5.13.

              	
                Waiver
                  of Past Defaults

              	
                44

              
	 	
                Section
                  5.14.

              	
                Waiver
                  of Usury, Stay or Extension Laws

              	
                44

              
	 	
                Section
                  5.15.

              	
                Undertaking
                  for Costs

              	
                45

              
	
                ARTICLE
                  6. THE TRUSTEE

              	 	 	
                45

              
	 	
                Section
                  6.1.

              	
                Certain
                  Duties and Responsibilities

              	
                45

              
	 	
                Section
                  6.2.

              	
                Certain
                  Rights of Trustee

              	
                46

              
	 	
                Section
                  6.3.

              	
                Notice
                  of Defaults

              	
                47

              
	 	
                Section
                  6.4.

              	
                Not
                  Responsible for Recitals or Issuance of Securities

              	
                48

              
	 	
                Section
                  6.5.

              	
                May
                  Hold Securities

              	
                48

              
	 	
                Section
                  6.6.

              	
                Money
                  Held in Trust

              	
                48

              
	 	
                Section
                  6.7.

              	
                Compensation
                  and Reimbursement

              	
                48

              
	 	
                Section
                  6.8.

              	
                Corporate
                  Trustee Required; Eligibility

              	
                49

              
	 	
                Section
                  6.9.

              	
                Resignation
                  and Removal; Appointment of Successor

              	
                49

              
	 	
                Section
                  6.10.

              	
                Acceptance
                  of Appointment by Successor

              	
                51

              
	 	
                Section
                  6.11.

              	
                Merger,
                  Conversion, Consolidation or Succession to Business

              	
                52

              
	 	
                Section
                  6.12.

              	
                Appointment
                  of Authenticating Agent

              	
                52

              
	
                ARTICLE
                  7. HOLDERS LISTS AND REPORTS BY TRUSTEE AND COMPANY

              	 	 	
                54

              
	 	
                Section
                  7.1.

              	
                Company
                  to Furnish Trustee Names and Addresses of Holders

              	
                54

              
	 	
                Section
                  7.2.

              	
                Preservation
                  of Information; Communications to Holders

              	
                54

              
	 	
                Section
                  7.3.

              	
                Reports
                  by Trustee

              	
                55

              
	 	
                Section
                  7.4.

              	
                Reports
                  by Company

              	
                55

              
	
                ARTICLE
                  8. CONSOLIDATION, MERGER AND SALES

              	 	 	
                56

              
	 	
                Section
                  8.1.

              	
                Company
                  May Consolidate, Etc., Only on Certain Terms

              	
                56

              
	 	
                Section
                  8.2.

              	
                Successor
                  Person Substituted for Company

              	
                57

              

      

    
      
         

      

      
        ii

        
          

        

      

      
         

      

    

     

    

      
        	 	 	 	
                Page

              
	
                ARTICLE
                  9. SUPPLEMENTAL INDENTURES

              	 	 	
                57

              
	 	
                Section
                  9.1.

              	
                Supplemental
                  Indentures Without Consent of Holders

              	
                57

              
	 	
                Section
                  9.2.

              	
                Supplemental
                  Indentures With Consent of Holders

              	
                58

              
	 	
                Section
                  9.3.

              	
                Execution
                  of Supplemental Indentures

              	
                59

              
	 	
                Section
                  9.4.

              	
                Effect
                  of Supplemental Indentures

              	
                59

              
	 	
                Section
                  9.5.

              	
                Reference
                  in Securities to Supplemental Indentures

              	
                60

              
	 	
                Section
                  9.6.

              	
                Conformity
                  With Trust Indenture Act

              	
                60

              
	 	
                Section
                  9.7.

              	
                Notice
                  of Supplemental Indenture

              	
                60

              
	
                ARTICLE
                  10. COVENANTS

              	 	 	
                60

              
	 	
                Section
                  10.1.

              	
                Payment
                  of Principal, Any Premium, Interest and Additional 

              	 
	 	 	
                Amounts

              	
                60

              
	 	
                Section
                  10.2.

              	
                Maintenance
                  of Office or Agency

              	
                60

              
	 	
                Section
                  10.3.

              	
                Money
                  for Securities Payments to be Held in Trust

              	
                62

              
	 	
                Section
                  10.4.

              	
                Additional
                  Amounts

              	
                63

              
	 	
                Section
                  10.5.

              	
                Limitation
                  on Mortgages and Liens

              	
                64

              
	 	
                Section
                  10.6.

              	
                Limitation
                  Upon Sales of Capital Stock of Restricted Subsidiaries

              	
                64

              
	 	
                Section
                  10.7.

              	
                Corporate
                  Existence

              	
                65

              
	 	
                Section
                  10.8.

              	
                Waiver
                  of Certain Covenants

              	
                65

              
	 	
                Section
                  10.9.

              	
                Company
                  Statement as to Compliance; Notice of Certain Defaults

              	
                66

              
	
                ARTICLE
                  11. REDEMPTION OF SECURITIES

              	 	 	
                66

              
	 	
                Section
                  11.1.

              	
                Applicability
                  of Article

              	
                66

              
	 	
                Section
                  11.2.

              	
                Election
                  to Redeem; Notice to Trustee

              	
                66

              
	 	
                Section
                  11.3.

              	
                Selection
                  by Trustee of Securities to be Redeemed

              	
                67

              
	 	
                Section
                  11.4.

              	
                Notice
                  of Redemption

              	
                67

              
	 	
                Section
                  11.5.

              	
                Deposit
                  of Redemption Price

              	
                69

              
	 	
                Section
                  11.6.

              	
                Securities
                  Payable on Redemption Date

              	
                69

              
	 	
                Section
                  11.7.

              	
                Securities
                  Redeemed in Part

              	
                70

              
	
                ARTICLE
                  12. SINKING FUNDS

              	 	 	
                70

              
	 	
                Section
                  12.1.

              	
                Applicability
                  of Article

              	
                70

              
	 	
                Section
                  12.2.

              	
                Satisfaction
                  of Sinking Fund Payments With Securities

              	
                70

              
	 	
                Section
                  12.3.

              	
                Redemption
                  of Securities for Sinking Fund

              	
                71

              
	
                ARTICLE
                  13. REPAYMENT AT THE OPTION OF HOLDERS

              	 	 	
                71

              
	 	
                Section
                  13.1.

              	
                Applicability
                  of Article

              	
                71

              
	
                ARTICLE
                  14. SECURITIES IN FOREIGN CURRENCIES

              	 	 	
                72

              
	 	
                Section
                  14.1.

              	
                Applicability
                  of Article

              	
                72

              

      

    
      
         

      

      
        iii

        
          

        

      

      
         

      

    

    
      	 	 	 	
              Page

            
	
              ARTICLE
                15. MEETINGS OF HOLDERS OF SECURITIES

            	 	 	
              72

            
	 	
              Section
                15.1.

            	
              Purposes
                for Which Meetings May Be Called

            	
              72

            
	 	
              Section
                15.2.

            	
              Call,
                Notice and Place of Meetings

            	
              72

            
	 	
              Section
                15.3.

            	
              Persons
                Entitled to Vote at Meetings

            	
              73

            
	 	
              Section
                15.4.

            	
              Quorum;
                Action

            	
              73

            
	 	
              Section
                15.5.

            	
              Determination
                of Voting Rights; Conduct and Adjournment of 

            	 
	 	 	
              Meetings

            	
              74

            
	 	
              Section
                15.6.

            	
              Counting
                Votes and Recording Action of Meetings

            	
              74

            
	 	 	 	 
	
              ARTICLE
                16. CONVERSION OF SECURITIES

            	 	 	
              75

            
	 	
              Section
                16.1.

            	
              Conversion
                Privilege

            	
              75

            
	 	
              Section
                16.2.

            	
              Exercise
                of Conversion Privilege

            	
              75

            
	 	
              Section
                16.3.

            	
              Fractions
                of Shares

            	
              77

            
	 	
              Section
                16.4.

            	
              Adjustment
                of Conversion Price.

            	
              77

            
	 	
              Section
                16.5.

            	
              Notice
                of Adjustments of Conversion Price

            	
              81

            
	 	
              Section
                16.6.

            	
              Notice
                of Certain Corporate Action

            	
              81

            
	 	
              Section
                16.7.

            	
              Company
                to Reserve Common Stock

            	
              82

            
	 	
              Section
                16.8.

            	
              Taxes
                on Conversions

            	
              82

            
	 	
              Section
                16.9.

            	
              Covenant
                as to Common Stock

            	
              82

            
	 	
              Section
                16.10.

            	
              Cancellation
                of Converted Securities

            	
              82

            
	 	
              Section
                16.11.

            	
              Provisions
                in Case of Consolidation, Merger of Sale of Assets

            	
              82

            
	 	 	 	 
	
              ARTICLE
                17. SUBORDINATION OF SECURITIES

            	 	 	
              83

            
	 	
              Section
                17.1.

            	
              Securities
                Subordinate to Senior Indebtedness

            	
              83

            
	 	
              Section
                17.2.

            	
              Payment
                Over of Proceeds Upon Dissolution, Etc

            	
              84

            
	 	
              Section
                17.3.

            	
              No
                Payment when Senior Indebtedness in Default

            	
              85

            
	 	
              Section
                17.4.

            	
              Reliance
                by Senior Indebtedness on Subordination Provisions

            	
              86

            
	 	
              Section
                17.5.

            	
              Payment
                Permitted If No Default

            	
              86

            
	 	
              Section
                17.6.

            	
              Subrogation
                to Rights of Holders of Senior Indebtedness

            	
              86

            
	 	
              Section
                17.7.

            	
              Provisions
                Solely to Define Relative Rights

            	
              87

            
	 	
              Section
                17.8.

            	
              Trustee
                to Effectuate Subordination

            	
              87

            
	 	
              Section
                17.9.

            	
              No
                Waiver of Subordination Provisions

            	
              87

            
	 	
              Section
                17.10.

            	
              Notice
                to Trustee

            	
              88

            
	 	
              Section
                17.11.

            	
              Reliance
                on Judicial Order or Certificate of Liquidating Agent

            	
              88

            
	 	
              Section
                17.12.

            	
              Trustee
                Not Fiduciary for Holders of Senior Indebtedness

            	
              88

            
	 	
              Section
                17.13.

            	
              Rights
                of Trustee as Holder of Senior Indebtedness; 

            	 
	 	 	
              Preservation
                of Trustee's Rights

            	
              89

            
	 	
              Section
                17.14.

            	
              Article
                Applicable to Paying Agents.

            	
              89

            
	 	
              Section
                17.15.

            	
              Defeasance
                of this Article 17

            	
              89

            

    

    

    
      
         

      

      
        iv

        
          

        

      

      
         

        
        

      

    

     

    INDENTURE,
      dated as of __________, 20__ (the "Indenture"), among EMERITUS CORPORATION,
      a
      corporation duly organized and existing under the laws of the State of
      Washington (hereinafter called the "Company"), having its principal executive
      office located at 3131 Elliott Avenue, Suite 500, Seattle, Washington 98121,
      and
      ____________________, a ____________________, as trustee (hereinafter called
      the
      "Trustee"), having its Corporate Trust Office located at
      _________________________.

     

    RECITALS

     

    The
      Company has duly authorized the execution and delivery of this Indenture to
      provide for the issuance from time to time of its convertible unsecured,
      subordinated debentures, notes or other evidences of indebtedness (hereinafter
      called the "Securities"), unlimited as to principal amount, to bear such rates
      of interest, to mature at such time or times, to be issued in one or more series
      and to have such other provisions as shall be fixed as hereinafter
      provided.

     

    The
      Company has duly authorized the execution and delivery of this Indenture. All
      things necessary to make this Indenture a valid agreement of the Company, in
      accordance with its terms, have been done.

     

    This
      Indenture is subject to the provisions of the Trust Indenture Act of 1939,
      as
      amended, and the rules and regulations of the Securities and Exchange Commission
      promulgated thereunder that are required to be part of this Indenture and,
      to
      the extent applicable, shall be governed by such provisions.

     

    NOW,
      THEREFORE, THIS INDENTURE WITNESSETH:

     

    For
      and
      in consideration of the premises and the purchase of the Securities by the
      Holders (as herein defined) thereof, it is mutually covenanted and agreed,
      for
      the equal and proportionate benefit of all Holders of the Securities or of
      any
      series thereof and any Coupons (as herein defined) as follows:

     

    ARTICLE 1.

     

    DEFINITIONS
      AND OTHER PROVISIONS OF GENERAL APPLICATION

     

    Section 1.1. Definitions.

     

    Except
      as
      otherwise expressly provided in or pursuant to this Indenture or unless the
      context otherwise requires, for all purposes of this Indenture:

     

    (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, either directly
      or by reference therein, have the meanings assigned to them
      therein;

     

    (3) all
      accounting terms not otherwise defined herein have the meanings assigned to
      them
      in accordance with generally accepted accounting principles in the United States
      of 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    America
      and, except as otherwise herein expressly provided, the terms "generally
      accepted accounting principles" or "GAAP" with respect to any computation
      required or permitted hereunder shall mean such accounting principles as are
      generally accepted in the United States of America at the date or time of such
      computation;

     

    (4) the
      words
      "herein," "hereof," "hereto" 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; and

     

    (5) the
      word
      "or" is always used inclusively (for example, the phrase "A or B" means "A
      or B or both," not "either A or B but not both").

     

    Certain
      terms used principally in certain Articles hereof are defined in those
      Articles.

     

    "Act,"
      when used with respect to any Holders, has the meaning specified in
      Section 1.4.

     

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

     

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

     

    "Authenticating
      Agent" means any Person authorized by the Trustee pursuant to Section 6.12
      to act on behalf of the Trustee to authenticate Securities of one or more
      series.

     

    "Authorized
      Newspaper" means a newspaper, in an official language of the place of
      publication or in the English language, customarily published on each day that
      is a Business Day in the place of publication, whether or not published on
      days
      that are Legal Holidays in the place of publication, and of general circulation
      in each place in connection with which the term is used or in the financial
      community of each 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 day that is a Business Day in the place
      of
      publication.

     

    "Authorized
      Officer" means, when used with respect to the Company, the Chairman of the
      Board
      of Directors, the President, any Vice President, the Treasurer, an Assistant
      Treasurer, the Secretary or an Assistant Secretary, of the Company.

     

    "Bearer
      Security" means any Security in the form established pursuant to
      Section 2.1 which is payable to bearer.

     

    "Board
      of
      Directors" means the board of directors of the Company or any committee of
      that
      board duly authorized to act generally or in any particular respect for the
      Company hereunder.

    
      
         

      

      
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    "Board
      Resolution" means a copy of one or more resolutions, 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, delivered to the Trustee.

     

    "Business
      Day," with respect to any Place of Payment or other location, means, unless
      otherwise specified with respect to any Securities pursuant to Section 3.1,
      any day other than a Saturday, Sunday or other day on which banking institutions
      in such Place of Payment or other location are authorized or obligated by law,
      regulation or executive order to close.

     

    "Capital
      Stock" of any Person means any and all shares, interests, rights to purchase,
      warrants, options, participations or other equivalents of or interests in
      (however designated) equity of such Person, including Preferred Stock, but
      excluding any debt securities convertible into such equity.

     

    "Capitalized
      Lease Obligation" means an obligation under a lease that is required to be
      capitalized for financial reporting purposes in accordance with generally
      accepted accounting principles, and the amount of Indebtedness represented
      by
      such obligation shall be the capitalized amount of such obligation determined
      in
      accordance with such principles.

     

    "Commission"
      means the Securities and Exchange Commission, as from time to time constituted,
      created under the Securities Exchange Act of 1934, as amended, or, if at any
      time after the execution of this Indenture such Commission is not existing
      and
      performing the duties now assigned to it under the Trust Indenture Act, then
      the
      body performing such duties at such time.

     

    "Common
      Stock" in respect of any Corporation means Capital Stock of any class or classes
      (however designated) which has no preference as to the payment of dividends,
      or
      as to the distribution of assets upon any voluntary or involuntary liquidation
      or dissolution of such Corporation, and which is not subject to redemption
      by
      such Corporation. With respect to the Company, subject to the provisions of
      Section 16.11, shares issuable on conversion of Securities shall include
      only shares of the class designated as Common Stock of the Company at the date
      of this instrument or shares of any class or classes resulting from any
      reclassification or reclassifications thereof and which have no preference
      in
      respect of dividends or of amounts payable in the event of any voluntary or
      involuntary liquidation, dissolution or winding-up of the Company and which
      are
      not subject to redemption by the Company; provided that if at any time there
      shall be more than one such resulting class, the shares of each such class
      then
      so issuable shall be substantially in the proportion which the total number
      of
      shares of such class resulting from all such reclassifications bears to the
      total number of shares of all such classes resulting from all such
      reclassifications.

     

    "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, and any other obligor upon the Securities.

     

    "Company
      Request" and "Company Order" mean, respectively, a written request or order,
      as
      the case may be, signed in the name of the Company by an Authorized Officer,
      and
      delivered to the Trustee.

    
      
         

      

      
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    "Conversion
      Event" means the cessation of use of (i) a Foreign Currency both by the
      government of the country or the confederation which issued such Foreign
      Currency and for the settlement of transactions by a central bank or other
      public institutions of or within the international banking community or
      (ii) any currency unit or composite currency for the purposes for which it
      was established.

     

    "Corporate
      Trust Office" means the principal corporate trust 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
      _________________________.

     

    "Corporation"
      includes corporations and limited liability companies and, except for purposes
      of Article 8, associations, companies and business trusts.

     

    "Coupon"
      means any interest coupon appertaining to a Bearer Security.

     

    "Currency,"
      with respect to any payment, deposit or other transfer in respect of the
      principal of or any premium or interest on or any Additional Amounts with
      respect to any Security, means Dollars or the Foreign Currency, as the case
      may
      be, in which such payment, deposit or other transfer is required to be made
      by
      or pursuant to the terms hereof or such Security and, with respect to any other
      payment, deposit or transfer pursuant to or contemplated by the terms hereof
      or
      such Security, means Dollars.

     

    "CUSIP
      number" means the alphanumeric designation assigned to a Security by
      Standard & Poor's Ratings Service, CUSIP Service Bureau.

     

    "Defaulted
      Interest" has the meaning specified in Section 3.7.

     

    "Dollars"
      or "$" means a dollar or other equivalent unit of legal tender for payment
      of
      public or private debts in the United States of America.

     

    "Event
      of
      Default" has the meaning specified in Section 5.1.

     

    "Foreign
      Currency" means any currency, currency unit or composite currency, including,
      without limitation, the euro, issued by the government of one or more countries
      other than the United States of America or by any recognized confederation
      or
      association of such governments.

     

    "Government
      Obligations" means securities which are (i) direct obligations of the
      United States of America or the other government or governments which issued
      the
      Foreign Currency in which the principal of or any premium or interest on such
      Security or any Additional Amounts in respect thereof shall be payable, in
      each
      case where the payment or payments thereunder are supported by the full faith
      and credit of such government or governments or (ii) obligations of a
      Person controlled or supervised by and acting as an agency or instrumentality
      of
      the United States of America or such other government or governments, in each
      case where the timely payment or payments thereunder are unconditionally
      guaranteed as a full faith and credit obligation by the United States of America
      or such other government or governments, and which, in the case of (i) or (ii),
      are not callable or redeemable at the option of the issuer or issuers thereof,
      and shall also include a depository receipt issued by a bank or trust company
      as
      custodian with respect to any such Government Obligation or a specific payment
      of interest on or principal of or other amount with 

    
      
         

      

      
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    respect
      to any such Government Obligation held by such custodian for the account of
      the
      holder of a depository receipt, provided that (except as required by law) such
      custodian is not authorized to make any deduction from the amount payable to
      the
      holder of such depository receipt from any amount received by the custodian
      in
      respect of the Government Obligation or the specific payment of interest on
      or
      principal of or other amount with respect to the Government Obligation evidenced
      by such depository receipt.

     

    "Holder,"
      in the case of any Registered Security, means the Person in whose name such
      Security is registered in the Security Register and, in the case of any Bearer
      Security, means the bearer thereof and, in the case of any Coupon, means the
      bearer thereof.

     

    "Indebtedness"
      means, with respect to any Person, (i) the principal of and any premium and
      interest on (a) indebtedness of such Person for money borrowed and
      (b) indebtedness evidenced by notes, debentures, bonds or other similar
      instruments for the payment of which such Person is responsible or liable;
      (ii) all Capitalized Lease Obligations of such Person; (iii) all
      obligations of such Person issued or assumed as the deferred purchase price
      of
      property, all conditional sale obligations and all obligations under any title
      retention agreement (but excluding trade accounts payable arising in the
      ordinary course of business); (iv) all obligations of such Person for the
      reimbursement of any obligor on any letter of credit, banker's acceptance or
      similar credit transaction (other than obligations with respect to letters
      of
      credit securing obligations (other than obligations described in
      (i) through (iii) above) entered into in the ordinary course of
      business of such Person to the extent such letters of credit are not drawn
      upon
      or, if and to the extent drawn upon, such drawing is reimbursed no later than
      the third Business Day following receipt by such Person of a demand for
      reimbursement following payment on the letter of credit); (v) all
      obligations of the type referred to in clauses (i) through (iv) of
      other Persons and all dividends of other Persons for the payment of which,
      in
      either case, such Person is responsible or liable as obligor, guarantor or
      otherwise; and (vi) all obligations of the type referred to in
      clauses (i) through (v) of other Persons secured by any Lien on any
      property or asset of such Person (whether or not such obligation is assumed
      by
      such Person), the amount of such obligation being deemed to be the lesser of
      the
      value of such property or assets or the amount of the obligation so secured;
      and
      (vii) any amendments, modifications, refundings, renewals or extensions of
      any indebtedness or obligation described as Indebtedness in clauses (i)
      through (vi) above.

     

    "Indenture"
      means this instrument as it may from time to time be supplemented or amended
      by
      one or more indentures supplemental hereto entered into pursuant to the
      applicable provisions hereof and, with respect to any Security, by the terms
      and
      provisions of such Security and any Coupon appertaining thereto established
      pursuant to Section 3.1 (as such terms and provisions may be amended
      pursuant to the applicable provisions hereof).

     

    "Independent
      Public Accountants" means accountants or a firm of accountants that, with
      respect to the Company and any other obligor under the Securities or the
      Coupons, are independent public accountants within the meaning of the Securities
      Act of 1933, as amended, and the rules and regulations promulgated by the
      Commission thereunder, who may be the independent public accountants regularly
      retained by the Company or who may be other independent public accountants.
      Such
      accountants or firm shall be entitled to rely upon any Opinion of Counsel as
      to
      the interpretation of any legal matters relating to this Indenture or
      certificates required to be provided hereunder.

    
      
         

      

      
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    "Indexed
      Security" means a Security the terms of which provide that the principal amount
      thereof payable at Stated Maturity may be more or less than the principal face
      amount thereof at original issuance.

     

    "Interest,"
      with respect to any Original Issue Discount Security which by its terms bears
      interest only after Maturity, means interest payable after Maturity and, when
      used with respect to a Security which provides for the payment of Additional
      Amounts pursuant to Section 10.4, includes such Additional
      Amounts.

     

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

     

    "Judgment
      Currency" has the meaning specified in Section 1.16.

     

    "Legal
      Holidays" has the meaning specified in Section 1.14.

     

    "Lien"
      has the meaning specified in Section 10.5.

     

    "Maturity,"
      with respect to any Security, means the date on which the principal of such
      Security or an installment of principal becomes due and payable as provided
      in
      or pursuant to this Indenture, whether at the Stated Maturity or by declaration
      of acceleration, notice of redemption or repurchase, notice of option to elect
      repayment or otherwise, and includes the Redemption Date.

     

    "New
      York
      Banking Day" has the meaning specified in Section 1.16.

     

    "Office"
      or "Agency," with respect to any Securities, means an office or agency of the
      Company maintained or designated in a Place of Payment for such Securities
      pursuant to Section 10.2 or any other office or agency of the Company
      maintained or designated for such Securities pursuant to Section 10.2 or,
      to the extent designated or required by Section 10.2 in lieu of such office
      or agency, the Corporate Trust Office of the Trustee.

     

    "Officer's
      Certificate" means a certificate signed by an Authorized Officer that complies
      with the requirements of Section 314(e) of the Trust Indenture Act and is
      delivered to the Trustee.

     

    "Opinion
      of Counsel" means a written opinion of counsel, who may be an employee of or
      counsel for the Company, or other counsel who shall be reasonably acceptable
      to
      the Trustee, that, if required by the Trust Indenture Act, complies with the
      requirements of Section 314(e) of the Trust Indenture Act.

     

    "Original
      Issue Discount Security" means a Security issued pursuant to this Indenture
      which provides for declaration of an amount less than the principal face amount
      thereof to be due and payable upon acceleration pursuant to
      Section 5.2.

     

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

     

    (a) any
      such
      Security theretofore cancelled by the Trustee or the Security Registrar or
      delivered to the Trustee or the Security Registrar for
      cancellation;

    
      
         

      

      
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    (b) any
      such
      Security for whose payment at the Maturity thereof money in the necessary amount
      has been theretofore deposited pursuant hereto (other than pursuant to
      Section 4.2) 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 Securities and any
      Coupons appertaining thereto, provided that, if such Securities are to be
      redeemed, notice of such redemption has been duly given pursuant to this
      Indenture or provision therefor satisfactory to the Trustee has been
      made;

     

    (c) any
      such
      Security with respect to which the Company has effected defeasance pursuant
      to
      the terms hereof, except to the extent provided in
      Section 4.2;

     

    (d) any
      such
      Security which has been paid pursuant to Section 3.6 or in exchange for or
      in lieu of which other Securities have been authenticated and delivered pursuant
      to this Indenture, unless there shall have been presented to the Trustee proof
      satisfactory to it that such Security is held by a bona fide purchaser in whose
      hands such Security is a valid obligation of the Company; and

     

    (e) any
      such
      Security converted or exchanged as contemplated by this Indenture into
      securities of the Company or another issuer, if the terms of such Security
      provide for such conversion or exchange pursuant to
      Section 3.1;

     

    provided,
      however, that in determining whether the Holders of the requisite principal
      amount of Outstanding Securities have given any request, demand, authorization,
      direction, notice, consent or waiver hereunder or are present at a meeting
      of
      Holders of Securities for quorum purposes, (i) the principal amount of an
      Original Issue Discount Security that may be counted in making such
      determination and that shall be deemed to be Outstanding for such purposes
      shall
      be equal to the amount of the principal thereof that pursuant to the terms
      of
      such Original Issue Discount Security would be declared (or shall have been
      declared to be) due and payable upon a declaration of acceleration thereof
      pursuant to Section 5.2 at the time of such determination, and
      (ii) the principal amount of any Indexed Security that may be counted in
      making such determination and that shall be deemed Outstanding for such purposes
      shall be equal to the principal face amount of such Indexed Security at original
      issuance, unless otherwise provided in or pursuant to this Indenture, and
      (iii) the principal amount of a Security denominated in a Foreign Currency
      shall be the Dollar equivalent, determined on the date of original issuance
      of
      such Security, of the principal amount (or, in the case of an Original Issue
      Discount Security, the Dollar equivalent on the date of original issuance of
      such Security of the amount determined as provided in (i) above) of such
      Security, and (iv) Securities owned by the Company or any other obligor
      upon the Securities or any Affiliate of the Company or such other obligor shall
      be disregarded and deemed not to be Outstanding, except that, in determining
      whether the Trustee shall be protected in making any such determination or
      relying upon any such request, demand, authorization, direction, notice, consent
      or waiver, only Securities which a Responsible Officer of the Trustee actually
      knows to be so owned shall be so disregarded. Securities so owned which shall
      have been pledged in good faith may be regarded as Outstanding if the pledgee
      establishes to the satisfaction of the Trustee (A) the pledgee's right so
      to act with respect to such Securities and (B) that the pledgee is not the
      Company or any other obligor upon the Securities or any Coupons appertaining
      thereto or an Affiliate of the Company or such other obligor.

     

    "Paying
      Agent" means any Person authorized by the Company to pay the principal of,
      or
      any premium or interest on, or any Additional Amounts with respect to, any
      Security or any Coupon on behalf of the Company.

    
      
         

      

      
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    "Payment
      Blockage Notice" has the meaning specified in Section 17.3.

     

    "Payment
      Blockage Period" has the meaning specified in Section 17.3.

     

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

     

    "Place
      of
      Payment," with respect to any Security, means the place or places where the
      principal of, or any premium or interest on, or any Additional Amounts with
      respect to such Security are payable as provided in or pursuant to this
      Indenture or such Security.

     

    "Predecessor
      Security" of any particular Security means every previous Security evidencing
      all or a portion of the same Indebtedness as that evidenced by such particular
      Security; and, for the purposes of this definition, any Security authenticated
      and delivered under Section 3.6 in exchange for or in lieu of a lost,
      destroyed, mutilated or stolen Security or any Security to which a mutilated,
      destroyed, lost or stolen Coupon appertains shall be deemed to evidence the
      same
      Indebtedness as the lost, destroyed, mutilated or stolen Security or the
      Security to which a mutilated, destroyed, lost or stolen Coupon
      appertains.

     

    "Preferred
      Stock" in respect of any Corporation means Capital Stock of any class or classes
      (however designated) which is preferred as to the payment of dividends, or
      as to
      the distribution of assets upon any voluntary or involuntary liquidation or
      dissolution of such Corporation, over shares of Capital Stock of any other
      class
      of such Corporation.

     

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

     

    "Redemption
      Price," with respect to any Security or portion thereof to be redeemed, means
      the price at which it is to be redeemed as determined by or pursuant to this
      Indenture or such Security.

     

    "Registered
      Security" means any Security established pursuant to Section 2.1 which is
      registered in a Security Register.

     

    "Regular
      Record Date" for the interest payable on any Registered Security on any Interest
      Payment Date therefor means the date, if any, specified in or pursuant to this
      Indenture or such Security as the "Regular Record Date".

     

    "Required
      Currency" has the meaning specified in Section 1.16.

     

    "Responsible
      Officer" means any vice president, any assistant vice president, the secretary,
      any assistant secretary, the treasurer, any assistant treasurer, or any trust
      officer or any other officer of the Trustee customarily performing functions
      similar to those performed by any of the above designated officers and also
      means, with respect to a particular corporate trust matter, any other officer
      to
      whom such matter is referred because of his or her knowledge of and familiarity
      with the particular subject.

     

    "Restricted
      Subsidiary" has the meaning specified in Section 10.6.

    
      
         

      

      
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    "Security"
      or "Securities" means any note or notes, bond or bonds, debenture or debentures,
      or any other evidences of Indebtedness, as the case may be, authenticated and
      delivered under this Indenture; provided, however, that, if at any time there
      is
      more than one Person acting as Trustee under this Indenture, "Securities,"
      with
      respect to any such Person, shall mean Securities authenticated and delivered
      under this Indenture, exclusive, however, of Securities of any series as to
      which such Person is not Trustee.

     

    "Securities
      Payment" has the meaning specified in Section 17.2.

     

    "Security
      Register" and "Security Registrar" have the respective meanings specified in
      Section 3.5.

     

    "Senior
      Indebtedness" means (x) all Indebtedness for money borrowed of the Company
      and other Indebtedness of the Company referred to in the definition of
      Indebtedness other than in clause (iii) thereof, whether incurred on or
      prior to the date of this Indenture or thereafter incurred, other than the
      Securities and (y) amendments, renewals, extensions, modifications,
      refinancings and refundings of any such Indebtedness; provided,
      however,
      the
      following shall not constitute Senior Indebtedness: (A) any Indebtedness
      owed to a Person when such Person is a Subsidiary of the Company and
      (B) any Indebtedness which by the terms of the instrument creating or
      evidencing the same is not superior in right of payment to the
      Securities.

     

    "Special
      Record Date" for the payment of any Defaulted Interest on any Registered
      Security means a date fixed by the Company pursuant to
      Section 3.7.

     

    "Stated
      Maturity," with respect to any Security or any installment of principal thereof
      or interest thereon, or any Additional Amounts with respect thereto, means
      the
      date established by or pursuant to this Indenture or such Security as the fixed
      date on which the principal of such Security or such installment of principal
      or
      interest is, or such Additional Amounts are, due and payable.

     

    "Subsidiary"
      means, in respect of any Person, any Corporation, limited or general partnership
      or other business entity of which at the time of determination more than 50%
      of
      the voting power of the shares of its Capital Stock or other interests
      (including partnership interests) entitled (without regard to the occurrence
      of
      any contingency) to vote in the election of directors, managers or trustees
      thereof is owned or controlled, directly or indirectly, by (i) such Person,
      (ii) such Person and one or more Subsidiaries of such Person or
      (iii) one or more Subsidiaries of such Person.

     

    "Trading
      Day" means each Monday, Tuesday, Wednesday, Thursday and Friday, other than
      any
      day on which securities are not traded on the applicable securities exchange
      or
      in the applicable securities market.

     

    "Trust
      Indenture Act" means the Trust Indenture Act of 1939, as amended, and any
      reference herein to the Trust Indenture Act or a particular provision thereof
      shall mean such Act or provision, as the case may be, as amended or replaced
      from time to time or as supplemented from time to time by rules or regulations
      adopted by the Commission under or in furtherance of the purposes of such Act
      or
      provision, as the case may be.

    
      
         

      

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

     

    "United
      States," except as otherwise provided in or pursuant to this Indenture or any
      Security, means the United States of America (including the states thereof
      and
      the District of Columbia), its territories and possessions and other areas
      subject to its jurisdiction.

     

    "United
      States Alien," except as otherwise provided in or pursuant to this Indenture
      or
      any Security, 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.

     

    "U.S. Depository"
      or "Depository" means, with respect to any Security issuable or issued in the
      form of one or more global Securities, the Person designated as
      U.S. Depository or Depository by the Company in or pursuant to this
      Indenture, which Person must be, to the extent required by applicable law or
      regulation, a clearing agency registered under the Securities Exchange Act
      of
      1934, as amended, and, if so provided with respect to any Security, any
      successor to such Person. If at any time there is more than one such Person,
      "U.S. Depository" or "Depository" shall mean, with respect to any
      Securities, the qualifying entity which has been appointed with respect to
      such
      Securities.

     

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

     

    Section 1.2. Compliance
      Certificates and Opinions.

     

    Except
      as
      otherwise expressly provided in this Indenture, 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 an Officer's 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 or any
      of
      them 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 the individual signing such certificate or opinion has read
      such
      condition or covenant and the definitions herein relating
      thereto;

    
      
         

      

      
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    (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 such individual, he has made such examination
      or investigation as is necessary to enable him to express an informed opinion
      as
      to whether or not such condition or covenant has been complied with;
      and

     

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

     

    Section 1.3. 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 an Opinion of Counsel, provided that such
      officer, after reasonable inquiry, has no reason to believe and does not believe
      that the Opinion of Counsel with respect to the matters upon which his
      certificate or opinion is based is erroneous. Any such 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, provided that such counsel, after reasonable inquiry, has no reason
      to
      believe and does not believe that the certificate or opinion or representations
      with respect to such matters are 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 or any Security, they may, but need not, be consolidated and form
      one
      instrument.

     

    Section 1.4. Acts
      of Holders.

     

    (1) Any
      request, demand, authorization, direction, notice, consent, waiver or other
      action provided by or pursuant to 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, but only if, Securities of a series are issuable as Bearer
      Securities, any request, demand, authorization, direction, notice, consent,
      waiver or other action provided in or pursuant to this Indenture to be given
      or
      taken by Holders of Securities of such series may, alternatively, be embodied
      in
      and evidenced by the record of Holders of Securities of such series voting
      in
      favor thereof, either in person or by proxies duly appointed in writing, at
      any
      meeting of Holders of Securities of such series duly called and held in
      accordance with the provisions of Article 15, or a 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,
      

    
      
         

      

      
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    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 or so voting at
      any
      such meeting. Proof of execution of any such instrument or of a writing
      appointing any such agent, or of the holding by any Person of a Security, shall
      be sufficient for any purpose of this Indenture and (subject to Section 315
      of the Trust Indenture Act) conclusive in favor of the Trustee and the Company
      and any agent of the Trustee and the Company, if made in the manner provided
      in
      this Section. The record of any meeting of Holders of Securities shall be proved
      in the manner provided in Section 15.6.

     

    Without
      limiting the generality of this Section 1.4, unless otherwise provided in
      or pursuant to this Indenture, a Holder, including a U.S. Depository that
      is a Holder of a global Security, may make, give or take, by a proxy or proxies,
      duly appointed in writing, any request, demand, authorization, direction,
      notice, consent, waiver or other Act provided in or pursuant to this Indenture
      to be made, given or taken by Holders, and a U.S. Depository that is a
      Holder of a global Security may provide its proxy or proxies to the beneficial
      owners of interests in any such global Security through such
      U.S. Depository's standing instructions and customary
      practices.

     

    The
      Company shall fix a record date for the purpose of determining the Persons
      who
      are beneficial owners of interest in any permanent global Security held by
      a
      U.S. Depository entitled under the procedures of such U.S. Depository
      to make, give or take, by a proxy or proxies duly appointed in writing, any
      request, demand, authorization, direction, notice, consent, waiver or other
      Act
      provided in or pursuant to this Indenture to be made, given or taken by Holders.
      If such a record date is fixed, the Holders on such record date or their duly
      appointed proxy or proxies, and only such Persons, shall be entitled to make,
      give or take such request, demand, authorization, direction, notice, consent,
      waiver or other Act, whether or not such Holders remain Holders after such
      record date. No such request, demand, authorization, direction, notice, consent,
      waiver or other Act shall be valid or effective if made, given or taken more
      than 90 days after such record date.

     

    (2) The
      fact
      and date of the execution by any Person of any such instrument or writing
      referred to in this Section 1.4 may be proved in any reasonable manner; and
      the Trustee may in any instance require further proof with respect to any of
      the
      matters referred to in this Section.

     

    (3) The
      ownership, principal amount and serial numbers of Registered Securities held
      by
      any Person, and the date of the commencement and the date of the termination
      of
      holding the same, shall be proved by the Security Register.

     

    (4) The
      ownership, principal amount and serial numbers of Bearer Securities held by
      any
      Person, and the date of the commencement and the date of the termination 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 reasonably acceptable to the Company, wherever situated, if
      such certificate shall be deemed by the Company and 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 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 (i) another
      certificate or affidavit bearing a later date issued in respect of the same
      Bearer Security is produced, or (ii) such Bearer Security is produced to
      the Trustee by some other Person, or (iii) such Bearer Security is
      surrendered in 

    
      
         

      

      
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    exchange
      for a Registered Security, or (iv) such Bearer Security is no longer
      Outstanding. The ownership, principal amount and serial numbers of Bearer
      Securities held by the Person so executing such instrument or writing and the
      date of the commencement and the date of the termination of holding the same
      may
      also be proved in any other manner which the Company and the Trustee deem
      sufficient.

     

    (5) If
      the
      Company shall solicit from the Holders of any Registered Securities any request,
      demand, authorization, direction, notice, consent, waiver or other Act, the
      Company may at its option (but is not obligated to), by Board Resolution, fix
      in
      advance a record date for the determination of Holders of Registered Securities
      entitled to give such request, demand, authorization, direction, notice,
      consent, waiver or other Act. If such a record date is fixed, such request,
      demand, authorization, direction, notice, consent, waiver or other Act may
      be
      given before or after such record date, but only the Holders of Registered
      Securities of record at the close of business on such record date shall be
      deemed to be Holders for the purpose of determining whether Holders of the
      requisite proportion of Outstanding Securities have authorized or agreed or
      consented to such request, demand, authorization, direction, notice, consent,
      waiver or other Act, and for that purpose the Outstanding Securities shall
      be
      computed as of such record date; provided that no such authorization, agreement
      or consent by the Holders of Registered Securities shall be deemed effective
      unless it shall become effective pursuant to the provisions of this Indenture
      not later than six months after the record date.

     

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

     

    Section 1.5. Notices,
      Etc. to the Trustee and the 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 the Company shall be sufficient for every purpose
      hereunder if made, given, furnished or filed in writing to or with the Trustee
      at its Corporate Trust Office, or

     

    (2) the
      Company by the Trustee or 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
      Chief Financial Officer, Controller or 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.

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

     

    Section 1.6. Notice
      to Holders of Securities; Waiver.

     

    Except
      as
      otherwise expressly provided in or pursuant to this Indenture, where this
      Indenture provides for notice to Holders of Securities 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 his address as it appears in the Security
      Register, not later than the latest date, and not earlier than the earliest
      date, prescribed for the giving of such notice; and

     

    (2) such
      notice shall be sufficiently given to Holders of Bearer Securities, if any,
      if
      published in an Authorized Newspaper in The City of New York and, if such
      Securities are then listed on any stock exchange outside the United States,
      in
      an Authorized Newspaper in such city as the Company shall advise the Trustee
      that such stock exchange so requires, on a Business Day at least twice, the
      first such publication to be not earlier than the earliest date and the second
      such publication not later than the latest date prescribed for the giving of
      such notice.

     

    In
      any
      case where notice to Holders of Registered Securities is 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 to Holders of Bearer Securities given as provided herein. Any
      notice which is mailed in the manner herein provided shall be conclusively
      presumed to have been duly given or provided. In the case by reason of the
      suspension of regular mail service or by reason of any other cause it shall
      be
      impracticable to give such notice by mail, then such notification as shall
      be
      made with the approval of the Trustee shall constitute a sufficient notification
      for every purpose hereunder.

     

    In
      case
      by reason of the suspension of publication of any Authorized Newspaper or
      Authorized Newspapers or by reason of any other cause it shall be impracticable
      to publish any notice to Holders of Bearers Securities as provided above, then
      such notification to Holders of Bearer Securities as shall be given with the
      approval of the Trustee shall constitute sufficient notice to such Holders
      for
      every purpose hereunder. 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 of Securities 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.

     

    Section 1.7. Language
      of Notices.

     

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

     

    
      
         

      

      
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    Section 1.8. Conflict
      with
      Trust Indenture Act.

     

    If
      any
      provision hereof limits, qualifies or conflicts with any duties under any
      required provision of the Trust Indenture Act imposed hereon by
      Section 318(c) thereof, such required provision shall control.

     

    Section 1.9. 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 1.10. 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 1.11. Separability
      Clause.

     

    In
      case
      any provision in this Indenture, any Security or any Coupon 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 1.12. Benefits
      of Indenture.

     

    Nothing
      in this Indenture, any Security or any Coupon, express or implied, shall give
      to
      any Person, other than the parties hereto, any Security Registrar, any Paying
      Agent, any Authenticating Agent and their successors hereunder, the holders
      of
      Senior Indebtedness and the Holders of Securities or Coupons, any benefit or
      any
      legal or equitable right, remedy or claim under this Indenture.

     

    Section 1.13. Governing
      Law.

     

    This
      Indenture, the Securities and any Coupons shall be governed by and construed
      in
      accordance with the laws of the State of New York applicable to agreements
      made
      or instruments entered into and, in each case, performed in said
      state.

     

    Section 1.14. Legal
      Holidays.

     

    Unless
      otherwise specified in or pursuant to this Indenture or any Securities, in
      any
      case where any Interest Payment Date, Stated Maturity or Maturity of any
      Security, or the last date on which a Holder has the right to convert or
      exchange Securities of a series that are convertible or exchangeable, shall
      be a
      Legal Holiday at any Place of Payment, then (notwithstanding any other provision
      of this Indenture, any Security or any Coupon other than a provision in any
      Security or Coupon that specifically states that such provision shall apply
      in
      lieu hereof) payment need not be made at such Place of Payment on such date,
      and
      such Securities need not be converted or exchanged on such date but such payment
      may be made, and such Securities may be converted or exchanged, on the next
      succeeding day that is a Business Day at such Place of Payment with the same
      force and effect as if made on the Interest Payment Date or at the Stated
      Maturity or Maturity or on such last day for conversion or exchange, and no
      interest shall accrue on the amount payable on such date or at 

    
      
         

      

      
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    such
      time
      for the period from and after such Interest Payment Date, Stated Maturity,
      Maturity or last day for conversion or exchange, as the case may be, to such
      next succeeding Business Day.

     

    Section 1.15. 
      Counterparts.

     

    This
      Indenture may be executed in several counterparts, each of which shall be an
      original and all of which shall constitute but one and the same
      instrument.

     

    Section 1.16. Judgment
      Currency.

     

    The
      Company agrees, to the fullest extent that it may effectively do so under
      applicable law, that (a) if for the purpose of obtaining judgment in any
      court it is necessary to convert the sum due in respect of the principal of,
      or
      premium or interest, if any, or Additional Amounts on the Securities of any
      series (the "Required Currency") into a currency in which a judgment will be
      rendered (the "Judgment Currency"), the rate of exchange used shall be the
      rate
      at which in accordance with normal banking procedures the Trustee could purchase
      in The City of New York the requisite amount of the Required Currency with
      the
      Judgment Currency on the New York Banking Day preceding the day on which a
      final
      unappealable judgment is given and (b) its obligations under this Indenture
      to make payments in the Required Currency (i) shall not be discharged or
      satisfied by any tender, or any recovery pursuant to any judgment (whether
      or
      not entered in accordance with clause (a)), in any currency other than the
      Required Currency, except to the extent that such tender or recovery shall
      result in the actual receipt, by the payee, of the full amount of the Required
      Currency expressed to be payable in respect of such payments, (ii) shall be
      enforceable as an alternative or additional cause of action for the purpose
      of
      recovering in the Required Currency the amount, if any, by which such actual
      receipt shall fall short of the full amount of the Required Currency so
      expressed to be payable and (iii) shall not be affected by judgment being
      obtained for any other sum due under this Indenture. For purposes of the
      foregoing, "New York Banking Day" means any day except a Saturday, Sunday or
      a
      legal holiday in The City of New York or a day on which banking institutions
      in
      The City of New York are authorized or obligated by law, regulation or executive
      order to be closed.

     

    Section 1.17. No
      Security Interest Created.

     

    Subject
      to the provisions of Section 10.5, nothing in this Indenture or in any
      Security, express or implied, shall be construed to constitute a security
      interest under the Uniform Commercial Code or similar legislation, as now or
      hereafter enacted and in effect in any jurisdiction where property of the
      Company or its Subsidiaries is or may be located.

     

    Section 1.18. Limitation
      on Individual Liability.

     

    No
      recourse under or upon any obligation, covenant or agreement contained in this
      Indenture or in any Security, or for any claim based thereon or otherwise in
      respect thereof, shall be had against any incorporator, officer or director,
      as
      such, past, present or future, of the Company, 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, and that no such personal liability whatever shall attach
      to, or is or shall be incurred by, the incorporators, shareholders, officers
      or
      directors, as such, of the Company, or any of them, because of the creation
      of
      the indebtedness hereby authorized, or under or by reason of the obligations,
      covenants or 

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

     

    agreements
      contained in this Indenture or in any Security or implied therefrom; and that
      any and all such personal liability of every name and nature, either at common
      law or in equity or by constitution or statute, of, and any and all such rights
      and claims against, every such incorporator, shareholder, officer or director,
      as such, because of the creation of the indebtedness hereby authorized, or
      under
      or by reason of the obligations, covenants or agreements contained in this
      Indenture or in any Security or implied therefrom, are hereby expressly waived
      and released as a condition of, and as a consideration for, the execution of
      this Indenture and the issuance of such Security.

     

    ARTICLE 2.

     

    SECURITIES
      FORMS

     

    Section 2.1. Forms
      Generally.

     

    Each
      Registered Security, Bearer Security, Coupon and temporary or permanent global
      Security issued pursuant to this Indenture shall be in the form established
      by
      or pursuant to a Board Resolution or in one or more indentures supplemental
      hereto, shall have such appropriate insertions, omissions, substitutions and
      other variations as are required or permitted by or pursuant to this Indenture
      or any indenture supplemental hereto and may have such letters, numbers or
      other
      marks of identification and such legends or endorsements placed thereon as
      may,
      consistently herewith, be determined by the officers executing such Security
      or
      Coupon as evidenced by their execution of such Security or Coupon.

     

    Unless
      otherwise provided in or pursuant to this Indenture or any Securities, the
      Securities shall be issuable in registered form without Coupons and shall not
      be
      issuable upon the exercise of warrants.

     

    Definitive
      Securities and definitive Coupons shall be printed, lithographed or engraved
      or
      produced by any combination of these methods on a steel engraved border or
      steel
      engraved borders or may be produced in any other manner, all as determined
      by
      the officers of the Company executing such Securities or Coupons, as evidenced
      by their execution of such Securities or Coupons.

     

    Section 2.2. Form
      of Trustee's Certificate of Authentication.

     

    Subject
      to Section 6.12, the Trustee's certificate of authentication shall be in
      substantially the following form:

     

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

    

    ____________________,

    as
      Trustee

    

    

    

    By____________________________________

    Authorized
      Officer

     

    
      
         

      

      
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    Section 2.3. Securities
      in Global Form.

     

    Unless
      otherwise provided in or pursuant to this Indenture or any Securities, the
      Securities shall not be issuable in temporary or permanent global form. If
      Securities of a series shall be issuable in global form, any such Security
      may
      provide that it or any number of such Securities shall represent the aggregate
      amount of all Outstanding Securities of such series (or such lesser amount
      as is
      permitted by the terms thereof) from time to time endorsed thereon and may
      also
      provide that the aggregate amount of Outstanding Securities represented thereby
      may from time to time be increased or reduced to reflect exchanges. Any
      endorsement of any Security in global form to reflect the amount, or any
      increase or decrease in the amount, or changes in the rights of Holders, of
      Outstanding Securities represented thereby shall be made in such manner and
      by
      such Person or Persons as shall be specified therein or in the Company Order
      to
      be delivered pursuant to Section 3.3 or 3.4 with respect thereto. Subject
      to the provisions of Section 3.3 and, if applicable, Section 3.4, the
      Trustee shall deliver and redeliver, in each case at the Company's expense,
      any
      Security in permanent global form in the manner and upon instructions given
      by
      the Person or Persons specified therein or in the applicable Company Order.
      If a
      Company Order pursuant to Section 3.3 or 3.4 has been, or simultaneously
      is, delivered, any instructions by the Company with respect to a Security in
      global form shall be in writing but need not be accompanied by or contained
      in
      an Officer's Certificate and need not be accompanied by an Opinion of
      Counsel.

     

    Notwithstanding
      the provisions of Section 3.7, unless otherwise specified in or pursuant to
      this Indenture or any Security, payment of principal of, any premium and
      interest on, and any Additional Amounts in respect of, any Security in temporary
      or permanent global form shall be made to the Person or Persons specified
      therein.

     

    Notwithstanding
      the provisions of Section 3.8 and except as provided in the preceding
      paragraph, the Company, the Trustee and any agent of the Company or the Trustee
      shall treat as the Holder of such principal amount of Outstanding Securities
      represented by a global Security (i) in the case of a global Security in
      registered form, the Holder of such global Security in registered form, or
      (ii) in the case of a global Security in bearer form, the Person or Persons
      specified pursuant to Section 3.1.

     

    ARTICLE 3.

     

    THE
      SECURITIES

     

    Section 3.1. Amount
      Unlimited; Issuable in Series.

     

    The
      aggregate principal amount of Securities which may be authenticated and
      delivered under this Indenture is unlimited. The Securities may be issued in
      one
      or more series.

     

    With
      respect to any Securities to be authenticated and delivered hereunder, there
      shall be established in or pursuant to a Board Resolution and set forth in
      an
      Officer's Certificate, or established in one or more indentures supplemental
      hereto,

    
      
         

      

      
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    (1) the
      title
      of such Securities and the series in which such Securities shall be
      included;

     

    (2) any
      limit
      upon the aggregate principal amount of the Securities of such title or the
      Securities of such series which may be authenticated and delivered under this
      Indenture (except for Securities authenticated and delivered upon registration
      of transfer of, or in exchange for, or in lieu of, other Securities of such
      series pursuant to Section 3.4, 3.5, 3.6, 9.5 or 11.7, upon repayment in
      part of any Registered Security of such series pursuant to Article 13, upon
      surrender in part of any Registered Security for conversion into other
      securities of the Company or exchange for securities of another issuer pursuant
      to its terms, or pursuant to or as contemplated by the terms of such
      Securities);

     

    (3) if
      such
      Securities are to be issuable as Registered Securities, as Bearer Securities
      or
      alternatively as Bearer Securities and Registered Securities, and whether the
      Bearer Securities are to be issuable with Coupons, without Coupons or both,
      and
      any restrictions applicable to the offer, sale or delivery of the Bearer
      Securities and the terms, if any, upon which Bearer Securities may be exchanged
      for Registered Securities and vice versa;

     

    (4) if
      any of
      such Securities are to be issuable in global form, when any of such Securities
      are to be issuable in global form and (i) whether such Securities are to be
      issued in temporary or permanent global form or both, (ii) whether
      beneficial owners of interests in any such global Security may exchange such
      interests for Securities of the same series and of like tenor and of any
      authorized form and denomination, and the circumstances under which any such
      exchanges may occur, if other than in the manner specified in Section 3.5,
      and (iii) the name of the Depository or the U.S. Depository, as the
      case may be, with respect to any such global Security;

     

    (5) if
      any of
      such Securities are to be issuable as Bearer Securities or in global form,
      the
      date as of which any such Bearer Security or global Security shall be dated
      (if
      other than the date of original issuance of the first of such Securities to
      be
      issued);

     

    (6) if
      any of
      such Securities are to be issuable as Bearer Securities, whether interest in
      respect of any portion of a temporary Bearer Security in global form payable
      in
      respect of an Interest Payment Date therefor prior to the exchange, if any,
      of
      such temporary Bearer Security for definitive Securities shall be paid to any
      clearing organization with respect to the portion of such temporary Bearer
      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;

     

    (7) the
      date
      or dates, or the method or methods, if any, by which such date or dates shall
      be
      determined, on which the principal of such Securities is payable;

     

    (8) the
      rate
      or rates at which such Securities shall bear interest, if any, or the method
      or
      methods, if any, by which such rate or rates are to be determined, the date
      or
      dates, if any, from which such interest shall accrue or the method or methods,
      if any, by which such date or dates are to be determined, the Interest Payment
      Dates, if any, on which such interest shall be payable and the Regular Record
      Date, if any, for the interest payable on Registered Securities on any Interest
      Payment Date, whether and under what circumstances Additional Amounts on such
      Securities or any 

    
      
         

      

      
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    of
      them
      shall be payable, the notice, if any, to Holders regarding the determination
      of
      interest on a floating rate Security and the manner of giving such notice,
      and
      the basis upon which interest shall be calculated if other than that of a
      360-day year of twelve 30-day months;

     

    (9) if
      in
      addition to or other than the Borough of Manhattan, The City of New York, the
      place or places where the principal of, any premium and interest on or any
      Additional Amounts with respect to such Securities shall be payable, any of
      such
      Securities that are Registered Securities may be surrendered for registration
      of
      transfer or exchange, any of such Securities may be surrendered for conversion
      or exchange and notices or demands to or upon the Company in respect of such
      Securities and this Indenture may be served, the extent to which, or the manner
      in which, any interest payment or Additional Amounts on a global Security on
      an
      Interest Payment Date, will be paid and the manner in which any principal of
      or
      premium, if any, on any global Security will be paid;

     

    (10) whether
      any of such Securities are to be redeemable at the option of the Company and,
      if
      so, the date or dates on which, the period or periods within which, the price
      or
      prices at which and the other terms and conditions upon which such Securities
      may be redeemed, in whole or in part, at the option of the Company;

     

    (11) whether
      the Company is obligated to redeem or purchase any of such Securities pursuant
      to any sinking fund or analogous provision or at the option of any Holder
      thereof and, if so, the date or dates on which, the period or periods within
      which, the price or prices at which and the other terms and conditions upon
      which such Securities shall be redeemed or purchased, in whole or in part,
      pursuant to such obligation, and any provisions for the remarketing of such
      Securities so redeemed or purchased;

     

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

     

    (13) whether
      the Securities of the series will be convertible into Common Stock of the
      Company and/or exchangeable for securities of another issuer, and if so, the
      terms and conditions upon which such Securities will be so convertible or
      exchangeable, and any deletions from or modifications or additions to this
      Indenture to permit or to facilitate the issuance of such convertible or
      exchangeable Securities or the administration thereof;

     

    (14) if
      other
      than the principal amount thereof, the portion of the principal amount of any
      of
      such Securities that shall be payable upon declaration of acceleration of the
      Maturity thereof pursuant to Section 5.2 or the method by which such
      portion is to be determined;

     

    (15) if
      other
      than Dollars, the Foreign Currency in which payment of the principal of, any
      premium or interest on or any Additional Amounts with respect to any of such
      Securities shall be payable;

     

    (16) if
      the
      principal of, any premium or interest on or any Additional Amounts with respect
      to any of such Securities are to be payable, at the election of the Company
      or a
      Holder thereof or otherwise, in Dollars or in a Foreign Currency other than
      that
      in which such Securities are 

    
      
         

      

      
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    stated
      to
      be payable, the date or dates on which, the period or periods within which,
      and
      the other terms and conditions upon which, such election may be made, and the
      time and manner of determining the exchange rate between the Currency in which
      such Securities are stated to be payable and the Currency in which such
      Securities or any of them are to be paid pursuant to such election, and any
      deletions from or modifications of or additions to the terms of this Indenture
      to provide for or to facilitate the issuance of Securities denominated or
      payable, at the election of the Company or a Holder thereof or otherwise, in
      a
      Foreign Currency;

     

    (17) whether
      the amount of payments of principal of, any premium or interest on or any
      Additional Amounts with respect to such Securities may be determined with
      reference to an index, formula or other method or methods (which index, formula
      or method or methods may be based, without limitation, on one or more
      Currencies, commodities, equity securities, equity indices or other indices),
      and, if so, the terms and conditions upon which and the manner in which such
      amounts shall be determined and paid or payable;

     

    (18) any
      deletions from, modifications of or additions to the Events of Default or
      covenants of the Company with respect to any of such Securities, whether or
      not
      such Events of Default or covenants are consistent with the Events of Default
      or
      covenants set forth herein;

     

    (19) whether
      either or both of Section 4.2(2) relating to defeasance or
      Section 4.2(3) relating to covenant defeasance shall not be applicable to
      the Securities of such series, or any covenants in addition to those specified
      in Section 4.2(3) relating to the Securities of such series which shall be
      subject to covenant defeasance, and any deletions from, or modifications or
      additions to, the provisions of Article 4 in respect of the Securities of
      such series;

     

    (20) whether
      any of such Securities are to be issuable upon the exercise of warrants, and
      the
      time, manner and place for such Securities to be authenticated and
      delivered;

     

    (21) if
      any of
      such Securities are to be issuable in global form and are to be issuable in
      definitive form (whether upon original issue or upon exchange of a temporary
      Security) only upon receipt of certain certificates or other documents or
      satisfaction of other conditions, then the form and terms of such certificates,
      documents or conditions;

     

    (22) if
      there
      is more than one Trustee, the identity of the Trustee and, if not the Trustee,
      the identity of each Security Registrar, Paying Agent or Authenticating Agent
      with respect to such Securities;

     

    (23) Any
      deletions from or modifications or additions to the provisions of
      Article 17 in respect of such Securities; and

     

    (24) any
      other
      terms of such Securities and any other deletions from or modifications or
      additions to this Indenture in respect of such Securities.

     

    All
      Securities of any one series and all Coupons, if any, appertaining to Bearer
      Securities of such series shall be substantially identical except as to Currency
      of payments due thereunder, denomination and the rate of interest thereon,
      or
      method of determining the rate of interest, if any, Maturity, and the date
      from
      which interest, if any, shall accrue and except as may otherwise be provided
      by
      the Company in or pursuant to the Board Resolution and set forth in the
      Officer's 

    
      
         

      

      
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    Certificate
      or in any indenture or indentures supplemental hereto pertaining to such series
      of Securities. The terms of the Securities of any series may provide, without
      limitation, that the Securities shall be authenticated and delivered by the
      Trustee on original issue from time to time upon written order of persons
      designated in the Officer's Certificate or supplemental indenture and that
      such
      persons are authorized to determine, consistent with such Officer's Certificate
      or any applicable supplemental indenture, such terms and conditions of the
      Securities of such series as are specified in such Officer's Certificate or
      supplemental indenture. All Securities of any one series need not be issued
      at
      the same time and, unless otherwise so provided, a series may be reopened for
      issuances of additional Securities of such series or to establish additional
      terms of such series of Securities.

     

    If
      any of
      the terms of the Securities of any series shall be established by action taken
      by or pursuant to a Board Resolution, the Board Resolution shall be delivered
      to
      the Trustee at or prior to the delivery of the Officer's Certificate setting
      forth the terms of such series.

     

    The
      Securities shall be subordinated in right of payment to Senior Indebtedness
      as
      provided in Article 17.

     

    Section 3.2. Currency;
      Denominations.

     

    Unless
      otherwise provided in or pursuant to this Indenture, the principal of, any
      premium and interest on and any Additional Amounts with respect to the
      Securities shall be payable in Dollars. Unless otherwise provided in or pursuant
      to this Indenture, Registered Securities denominated in Dollars shall be
      issuable in registered form without Coupons in denominations of $1,000 and
      any
      integral multiple thereof, and the Bearer Securities denominated in Dollars
      shall be issuable in the denomination of $5,000. Securities not denominated
      in
      Dollars shall be issuable in such denominations as are established with respect
      to such Securities in or pursuant to this Indenture.

     

    Section 3.3. Execution,
      Authentication, Delivery and Dating.

     

    Securities
      shall be executed on behalf of the Company by its Chairman of the Board, its
      President, its Chief Financial Officer, its Controller or a Vice President
      under
      its corporate seal reproduced thereon and attested by its Secretary or one
      of
      its Assistant Secretaries. Coupons shall be executed on behalf of the Company
      by
      the President, Chief Financial Officer, Controller or Treasurer of the Company.
      The signature of any of these officers on the Securities or any Coupons
      appertaining thereto may be manual or facsimile.

     

    Securities
      and any Coupons appertaining thereto 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
      Securities and Coupons or did not hold such offices at the date of original
      issuance of such Securities or Coupons.

     

    At
      any
      time and from time to time after the execution and delivery of this Indenture,
      the Company may deliver Securities, together with any Coupons appertaining
      thereto, executed by the Company, to the Trustee for authentication and,
      provided that the Board Resolution and Officer's Certificate or supplemental
      indenture or indentures with respect to such Securities referred to in
      Section 3.1 and a Company Order for the authentication and delivery of such
      Securities have been 

    
      
         

      

      
        22

        
          

        

      

      
         

      

    

     

    delivered
      to the Trustee, the Trustee in accordance with the Company Order and subject
      to
      the provisions hereof and of such Securities shall authenticate and deliver
      such
      Securities. In authenticating such Securities, and accepting the additional
      responsibilities under this Indenture in relation to such Securities and any
      Coupons appertaining thereto, the Trustee shall be entitled to receive, and
      (subject to Sections 315(a) through 315(d) of the Trust Indenture Act)
      shall be fully protected in relying upon,

     

    (1) an
      Opinion of Counsel to the effect that:

     

    (a) the
      form
      or forms and terms of such Securities and Coupons, if any, have been established
      in conformity with the provisions of this Indenture;

     

    (b) all
      conditions precedent to the authentication and delivery of such Securities
      and
      Coupons, if any, appertaining thereto, have been complied with and that such
      Securities and Coupons, when completed by appropriate insertions, executed
      under
      the Company's corporate seal and attested by duly authorized officers of the
      Company, delivered by duly authorized officers of the Company to the Trustee
      for
      authentication pursuant to this Indenture, and 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 legally valid
      and binding obligations of the Company, enforceable against the Company in
      accordance with their terms, except as enforcement thereof may be subject to
      or
      limited by bankruptcy, insolvency, reorganization, moratorium, arrangement,
      fraudulent conveyance, fraudulent transfer or other similar laws relating to
      or
      affecting creditors' rights generally, and subject to general principles of
      equity (regardless of whether enforcement is sought in a proceeding in equity
      or
      at law) and will entitle the Holders thereof to the benefits of this Indenture;
      such Opinion of Counsel need express no opinion as to the availability of
      equitable remedies;

     

    (c) all
      laws
      and requirements in respect of the execution and delivery by the Company of
      such
      Securities and Coupons, if any, have been complied with; and

     

    (d) this
      Indenture has been qualified under the Trust Indenture Act; and

     

    (2) an
      Officer's Certificate stating that, to the best knowledge of the Persons
      executing such certificate, all conditions precedent to the execution,
      authentication and delivery of such Securities and Coupons, if any, appertaining
      thereto, have been complied with, and no event which is, or after notice or
      lapse of time would become, an Event of Default with respect to any of the
      Securities shall have occurred and be continuing.

     

    If
      all
      the Securities of any series are not to be issued at one time, it shall not
      be
      necessary to deliver an Opinion of Counsel and an Officer's Certificate at
      the
      time of issuance of each Security, but such opinion and certificate, with
      appropriate modifications, shall be delivered at or before the time of issuance
      of the first Security of such series. After any such first delivery, any
      separate written request by an Authorized Officer of the Company or any person
      designated in writing by an Authorized Officer that the Trustee authenticate
      and
      deliver Securities of such series for original issue will be deemed to be a
      certification by the Company that all conditions precedent provided for in
      this
      Indenture relating to authentication and delivery of such Securities continue
      to
      have been complied with and that no Event of Default with respect to any of
      the
      Securities has occurred or is continuing.

    
      
         

      

      
        23

        
          

        

      

      
         

      

    

     

    The
      Trustee shall not be required to authenticate or to cause an Authenticating
      Agent to authenticate any Securities if the issue of such Securities pursuant
      to
      this Indenture will affect the Trustee's own rights, duties or immunities under
      the Securities and this Indenture or otherwise in a manner which is not
      reasonably acceptable to the Trustee or if the Trustee, being advised by
      counsel, determines that such action may not lawfully be taken.

     

    Each
      Registered Security shall be dated the date of its authentication. Each Bearer
      Security and any Bearer Security in global form shall be dated as of the date
      specified in or pursuant to this Indenture.

     

    No
      Security or Coupon appertaining thereto shall be entitled to any benefit under
      this Indenture or be valid or obligatory for any purpose, unless there appears
      on such Security a certificate of authentication substantially in the form
      provided for in Section 2.2 or 6.12 executed by or on behalf of the Trustee
      or by the Authenticating Agent by the manual signature of one of its authorized
      officers. Such certificate upon any Security shall be conclusive evidence,
      and
      the only evidence, that such Security has been duly authenticated and delivered
      hereunder. Except as permitted by Section 3.6 or 3.7, the Trustee shall not
      authenticate and deliver any Bearer Security unless all Coupons appertaining
      thereto then matured have been detached and cancelled.

     

    Section 3.4. Temporary
      Securities.

     

    Pending
      the preparation of definitive Securities, the Company may execute and deliver
      to
      the Trustee and, upon Company Order, the Trustee shall authenticate and deliver,
      in the manner provided in Section 3.3, temporary Securities in lieu thereof
      which are printed, lithographed, typewritten, mimeographed or otherwise
      produced, in any authorized denomination, substantially of the tenor of the
      definitive Securities in lieu of which they are issued, in registered form
      or,
      if authorized in or pursuant to this Indenture, in bearer form with one or
      more
      Coupons or without Coupons and with such appropriate insertions, omissions,
      substitutions and other variations as the officers of the Company executing
      such
      Securities may determine, as conclusively evidenced by their execution of such
      Securities. Such temporary Securities may be in global form.

     

    Except
      in
      the case of temporary Securities in global form, which shall be exchanged in
      accordance with the provisions thereof, if temporary Securities are issued,
      the
      Company shall cause definitive Securities to be prepared without unreasonable
      delay. After the preparation of definitive Securities of the same series and
      containing terms and provisions that are identical to those of any temporary
      Securities, such temporary Securities shall be exchangeable for such definitive
      Securities upon surrender of such temporary Securities at an Office or Agency
      for such Securities, without charge to any Holder thereof. Upon surrender for
      cancellation of any one or more temporary Securities (accompanied by any
      unmatured Coupons appertaining thereto), the Company shall execute and the
      Trustee shall authenticate and deliver in exchange therefor a like principal
      amount of definitive Securities of authorized denominations of the same series
      and containing identical terms and provisions; provided, however, that no
      definitive Bearer Security, except as provided in or pursuant to this Indenture,
      shall be delivered in exchange for a temporary Registered Security; and
      provided, further, that a definitive Bearer Security shall be delivered in
      exchange for a temporary Bearer Security only in compliance with the conditions
      set forth in or pursuant to this Indenture. Unless otherwise provided in or
      pursuant to this Indenture with respect to a temporary global Security, until
      so
      exchanged the temporary Securities of any series shall in all respects be
      entitled to the same benefits under this Indenture as definitive Securities
      of
      such series.

     

    
      
         

      

      
        24

        
          

        

      

      
         

      

    

     

    Section 3.5. Registration,
      Transfer and Exchange.

     

    With
      respect to the Registered Securities of each series, if any, the Company shall
      cause to be kept a register (each such register being herein sometimes referred
      to as the "Security Register") at an Office or Agency for such series in which,
      subject to such reasonable regulations as it may prescribe, the Company shall
      provide for the registration of the Registered Securities of such series and
      of
      transfers of the Registered Securities of such series. Such Office or Agency
      shall be the "Security Registrar" for that series of Securities. Unless
      otherwise specified in or pursuant to this Indenture or the Securities, the
      Trustee shall be the initial Security Registrar for each series of Securities.
      The Company shall have the right to remove and replace from time to time the
      Security Registrar for any series of Securities; provided that no such removal
      or replacement shall be effective until a successor Security Registrar with
      respect to such series of Securities shall have been appointed by the Company
      and shall have accepted such appointment by the Company. In the event that
      the
      Trustee shall not be or shall cease to be Security Registrar with respect to
      a
      series of Securities, it shall have the right to examine the Security Register
      for such series at all reasonable times. There shall be only one Security
      Register for each series of Securities.

     

    Upon
      surrender for registration of transfer of any Registered Security of any series
      at any Office or Agency for such series, 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
      denominated as authorized in or pursuant to this Indenture, of a like aggregate
      principal amount bearing a number not contemporaneously outstanding and
      containing identical terms and provisions.

     

    At
      the
      option of the Holder, Registered Securities of any series may be exchanged for
      other Registered Securities of the same series containing identical terms and
      provisions, in any authorized denominations, and of a like aggregate principal
      amount, upon surrender of the Securities to be exchanged at any Office or Agency
      for such series. Whenever any Registered Securities are so surrendered for
      exchange, the Company shall execute, and the Trustee shall authenticate and
      deliver, the Registered Securities which the Holder making the exchange is
      entitled to receive.

     

    If
      provided in or pursuant to this Indenture, with respect to Securities of any
      series, at the option of the Holder, Bearer Securities of such series may be
      exchanged for Registered Securities of such series containing identical terms,
      denominated as authorized in or pursuant to this Indenture and in the same
      aggregate principal amount, upon surrender of the Bearer Securities to be
      exchanged at any Office or Agency for such series, 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 is 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 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 10.2,
      interest represented by Coupons shall be payable only upon presentation and
      surrender of those Coupons at an Office or Agency for such series located
      outside the United States. Notwithstanding the foregoing, in case a Bearer
      Security of any series is 

    
      
         

      

      
        25

        
          

        

      

      
         

      

    

     

    surrendered
      at any such Office or Agency for such series in exchange for a Registered
      Security of such series and like tenor 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 next succeeding 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 (or,
      if
      such Coupon is so surrendered with such Bearer Security, such Coupon shall
      be
      returned to the Person so surrendering the Bearer Security), and interest or
      Defaulted Interest, as the case may be, shall not be payable on such Interest
      Payment Date or proposed date for payment, as the case may be, in respect of
      the
      Registered Security issued in exchange for such Bearer Security, but shall
      be
      payable only to the Holder of such Coupon when due in accordance with the
      provisions of this Indenture.

     

    If
      provided in or pursuant to this Indenture with respect to Securities of any
      series, at the option of the Holder, Registered Securities of such series may
      be
      exchanged for Bearer Securities upon such terms and conditions as may be
      provided in or pursuant to this Indenture with respect to such
      series.

     

    Whenever
      any Securities are surrendered for exchange as contemplated by the immediately
      preceding two paragraphs, the Company shall execute, and the Trustee shall
      authenticate and deliver, the Securities which the Holder making the exchange
      is
      entitled to receive.

     

    Notwithstanding
      the foregoing, except as otherwise provided in or pursuant to this Indenture,
      any global Security shall be exchangeable for definitive Securities only if
      (i) the Depository is at any time unwilling, unable or ineligible to
      continue as depository and a successor depository is not appointed by the
      Company within 90 days of the date the Company is so informed in writing,
      (ii) the Company executes and delivers to the Trustee a Company Order to
      the effect that such global Security shall be so exchangeable, or (iii) an
      Event of Default has occurred and is continuing with respect to the Securities.
      If the beneficial owners of interests in a global Security are entitled to
      exchange such interests for definitive Securities as the result of an event
      described in clause (i), (ii) or (iii) of the preceding sentence, then
      without unnecessary delay but in any event not later than the earliest date
      on
      which such interests may be so exchanged, the Company shall deliver to the
      Trustee definitive Securities in such form and denominations as are required
      by
      or pursuant to this Indenture, and of the same series, containing identical
      terms and in aggregate principal amount equal to the principal amount of such
      global Security, executed by the Company. On or after the earliest date on
      which
      such interests may be so exchanged, such global Security shall be surrendered
      from time to time by the U.S. Depository or such other Depository as shall
      be specified in the Company Order with respect thereto, and in accordance with
      instructions given to the Trustee and the U.S. Depository or such other
      Depository, as the case may be (which instructions shall be in writing but
      need
      not be contained in or accompanied by an Officer's Certificate or be accompanied
      by an Opinion of Counsel), as shall be specified in the Company Order with
      respect thereto to the Trustee, as the Company's agent for such purpose, to
      be
      exchanged, in whole or in part, for definitive Securities as described above
      without charge. The Trustee shall authenticate and make available for delivery,
      in exchange for each portion of such surrendered global Security, a like
      aggregate principal amount of definitive Securities of the same series of
      authorized denominations and of like tenor as the portion of such global
      Security to be exchanged, which (unless such Securities are not issuable both
      as
      Bearer Securities and as Registered Securities, in which case the definitive
      Securities exchanged for the global Security shall be issuable only in the
      form
      in which the Securities are 

    
      
         

      

      
        26

        
          

        

      

      
         

      

    

     

    issuable,
      as provided in or pursuant to this Indenture) shall be in the form of Bearer
      Securities or Registered Securities, or any combination thereof, as shall be
      specified by the beneficial owner thereof, but subject to the satisfaction
      of
      any certification or other requirements to the issuance of Bearer Securities;
      provided, however, that no such exchanges may occur during a period beginning
      at
      the opening of business 15 days before any selection of Securities of the
      same series to be redeemed and ending on the relevant Redemption Date; and
      provided, further, that (unless otherwise provided in or pursuant to this
      Indenture) no Bearer Security delivered in exchange for a portion of a global
      Security shall be mailed or otherwise delivered to any location in the United
      States. Promptly following any such exchange in part, such global Security
      shall
      be returned by the Trustee to such Depository or the U.S. Depository, as
      the case may be, or such other Depository or U.S. Depository referred to
      above in accordance with the instructions of the Company referred to above.
      If a
      Registered Security is issued in exchange for any portion of a global Security
      after the close of business at the Office or Agency for such Security where
      such
      exchange occurs on or after (i) any Regular Record Date for such Security
      and before the opening of business at such Office or Agency on the next
      succeeding Interest Payment Date, or (ii) any Special Record Date for such
      Security and before the opening of business at such Office or Agency on the
      related proposed date for payment of interest or Defaulted Interest, as the
      case
      may be, interest shall not be payable on such Interest Payment Date or proposed
      date for payment, as the case may be, in respect of such Registered Security,
      but shall be payable on such Interest Payment Date or proposed date for payment,
      as the case may be, only to the Person to whom interest in respect of such
      portion of such global Security shall be payable in accordance with the
      provisions of this Indenture.

     

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

     

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

     

    No
      service charge shall be made for any registration of transfer or exchange,
      or
      redemption of Securities, but the Company may require payment of a sum
      sufficient to cover any tax or other governmental charge and any other expenses
      (including fees and expenses of the Trustee) that may be imposed in connection
      with any registration of transfer or exchange of Securities, other than
      exchanges pursuant to Section 3.4, 9.5 or 11.7 not involving any
      transfer.

     

    Except
      as
      otherwise provided in or pursuant to this Indenture, the Company shall not
      be
      required (i) to issue, register the transfer of or exchange any Securities
      during a period beginning at the opening of business 15 days before the day
      of mailing of a notice of redemption of Securities of like tenor and the same
      series under Section 11.3 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 selected for redemption in whole or in part, except in
      the
      case of any Security to be redeemed in part, the portion thereof not to be
      redeemed, or (iii) to exchange any Bearer Security selected for redemption
      except, to the extent provided with respect to such Bearer Security, that such
      Bearer Security may be exchanged for a Registered Security of like tenor and
      the
      same series, provided that such Registered 

    
      
         

      

      
        27

        
          

        

      

      
         

      

    

     

    Security
      shall be immediately surrendered for redemption with written instruction for
      payment consistent with the provisions of this Indenture or (iv) to issue,
      register the transfer of or exchange any Security which, in accordance with
      its
      terms, has been surrendered for repayment at the option of the Holder, except
      the portion, if any, of such Security not to be so repaid.

     

    Section 3.6. Mutilated,
      Destroyed, Lost and Stolen Securities.

     

    If
      any
      mutilated Security or a Security with a mutilated Coupon appertaining to it
      is
      surrendered to the Trustee, subject to the provisions of this Section 3.6,
      the Company shall execute and the Trustee shall authenticate and deliver in
      exchange therefor a new Security of the same series containing identical terms
      and of like principal amount and bearing a number not contemporaneously
      outstanding, with Coupons appertaining thereto corresponding to the Coupons,
      if
      any, appertaining to the surrendered Security.

     

    If
      there
      be delivered to the Company and the Trustee (i) evidence to their
      satisfaction of the destruction, loss or theft of any Security or Coupon, and
      (ii) such security or indemnity as may be required by them to save each of
      them and any agent of either of them harmless, then, in the absence of notice
      to
      the Company or the Trustee that such Security or Coupon has been acquired by
      a
      bona fide purchaser, the Company shall execute and, upon the Company's request
      the Trustee shall authenticate and deliver, in exchange for or in lieu of any
      such mutilated, destroyed, lost or stolen Security or in exchange for the
      Security to which a destroyed, lost or stolen Coupon appertains with all
      appurtenant Coupons not destroyed, lost or stolen, a new Security of the same
      series containing identical terms and of like principal amount and bearing
      a
      number not contemporaneously outstanding, with Coupons appertaining thereto
      corresponding to the Coupons, if any, appertaining to such destroyed, lost
      or
      stolen Security or to the Security to which such destroyed, lost or stolen
      Coupon appertains.

     

    Notwithstanding
      the foregoing provisions of this Section 3.6, in case any mutilated,
      destroyed, lost or stolen Security or Coupon has become or is about to become
      due and payable, the Company in its discretion may, instead of issuing a new
      Security, pay such Security or Coupon; provided, however, that payment of
      principal of, any premium or interest on or any Additional Amounts with respect
      to any Bearer Securities shall, except as otherwise provided in
      Section 10.2, be payable only at an Office or Agency for such Securities
      located outside the United States and, unless otherwise provided in or pursuant
      to this Indenture, any interest on Bearer Securities and any Additional Amounts
      with respect to such interest shall be payable only upon presentation and
      surrender of the Coupons appertaining thereto.

     

    Upon
      the
      issuance of any new Security under this Section 3.6, the Company may
      require the payment of a sum sufficient to cover any tax or other governmental
      charge that may be imposed in relation thereto and any other expenses (including
      the fees and expenses of the Trustee) connected therewith.

     

    Every
      new
      Security, with any Coupons appertaining thereto issued pursuant to this
      Section 3.6 in lieu of any destroyed, lost or stolen Security, or in
      exchange for a Security to which a destroyed, lost or stolen Coupon appertains
      shall constitute a separate obligation of the Company, whether or not the
      destroyed, lost or stolen Security and Coupons appertaining thereto or the
      destroyed, lost or stolen Coupon shall be at any time enforceable by anyone,
      and
      shall be entitled to 

    
      
         

      

      
        28

        
          

        

      

      
         

      

    

     

    all
      the
      benefits of this Indenture equally and proportionately with any and all other
      Securities of such series and any Coupons, if any, duly issued
      hereunder.

     

    The
      provisions of this Section 3.6, as amended or supplemented pursuant to this
      Indenture with respect to particular Securities or generally, shall be exclusive
      and shall preclude (to the extent lawful) all other rights and remedies with
      respect to the replacement or payment of mutilated, destroyed, lost or stolen
      Securities or Coupons.

     

    Section 3.7. Payment
      of Interest and Certain Additional Amounts; Rights to Interest and Certain
      Additional Amounts Preserved.

     

    Unless
      otherwise provided in or pursuant to this Indenture, any interest on and any
      Additional Amounts with respect to any Registered Security which shall be
      payable, and are punctually paid or duly provided for, on any Interest Payment
      Date shall be paid to the Person in whose name such Security (or one or more
      Predecessor Securities) is registered as of the close of business on the Regular
      Record Date for such interest.

     

    Unless
      otherwise provided in or pursuant to this Indenture, any interest on and any
      Additional Amounts with respect to any Registered Security which shall be
      payable, but shall not be punctually paid or duly provided for, on any Interest
      Payment Date for such Registered Security (herein called "Defaulted Interest")
      shall forthwith cease to be payable to the Holder thereof on the relevant
      Regular Record Date by virtue of having been such Holder; and such Defaulted
      Interest may be paid by the Company, at its election, as provided in
      clause (1) or (2) below:

     

    (1) The
      Company may elect to make payment of any Defaulted Interest to the Person in
      whose name such Registered Security (or a Predecessor Security thereof) shall
      be
      registered at the close of business on a Special Record Date for the payment
      of
      such Defaulted Interest, which shall be fixed by the Company in the following
      manner. The Company shall notify the Trustee in writing of the amount of
      Defaulted Interest proposed to be paid on such Registered Security, the Special
      Record Date therefor and the date of the proposed payment, and at the same
      time
      the Company shall deposit with the Trustee an amount of money equal to the
      aggregate amount proposed to be paid in respect of such Defaulted Interest
      or
      shall make arrangements satisfactory to the Trustee for such deposit on or
      prior
      to the date of the proposed payment, such money when so deposited to be held
      in
      trust for the benefit of the Person entitled to such Defaulted Interest as
      provided in this clause (1). The Special Record Date for the payment of
      such Defaulted Interest 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 notification to the Trustee of the proposed payment. The
      Trustee shall, in the name and at the expense of the Company, cause notice
      of
      the proposed payment of such Defaulted Interest and the Special Record Date
      therefor to be mailed, first-class postage prepaid, to the Holder of such
      Registered Security (or a Predecessor Security thereof) at his address as it
      appears in the Security Register not less than 10 days prior to such
      Special Record Date. The Trustee may, in its discretion, in the name and at
      the
      expense of the Company, cause a similar notice to be published at least once
      in
      an Authorized Newspaper of general circulation in the Borough of Manhattan,
      The
      City of New York, but such publication shall not be a condition precedent to
      the
      establishment of 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 Person in whose
      name
      such Registered Security (or a Predecessor Security thereof) shall be

    
      
         

      

      
        29

        
          

        

      

      
         

      

    

     

    registered
      at the close of business on such Special Record Date and shall no longer be
      payable pursuant to the following clause (2).

     

    (2) The
      Company may make payment of any Defaulted Interest in any other lawful manner
      not inconsistent with the requirements of any securities exchange on which
      such
      Security 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 (2), such payment shall be deemed
      practicable by the Trustee.

     

    Unless
      otherwise provided in or pursuant to this Indenture or the Securities of any
      particular series pursuant to the provisions of this Indenture, at the option
      of
      the Company, interest on Registered Securities that bear interest may be paid
      by
      mailing a check to the address of the Person entitled thereto as such address
      shall appear in the Security Register or by transfer to an account maintained
      by
      the payee with a bank located in the United States.

     

    Subject
      to the foregoing provisions of this Section and Section 3.5, each
      Security delivered under this Indenture upon registration of transfer of or
      in
      exchange for or in lieu of any other Security shall carry the rights to interest
      accrued and unpaid, and to accrue, which were carried by such other
      Security.

     

    In
      the
      case of any Registered Security of any series that is convertible into other
      securities of the Company or exchangeable for securities of another issuer,
      which Registered Security is converted or exchanged after any Regular Record
      Date and on or prior to the next succeeding Interest Payment Date (other than
      any Registered Security with respect to which the Stated Maturity is prior
      to
      such Interest Payment Date), interest with respect to which the Stated Maturity
      is on such Interest Payment Date shall be payable on such Interest Payment
      Date
      notwithstanding such conversion or exchange, and such interest (whether or
      not
      punctually paid or duly provided for) shall be paid to the Person in whose
      name
      that Registered Security (or one or more predecessor Registered Securities)
      is
      registered at the close of business on such Regular Record Date. Except as
      otherwise expressly provided in the immediately preceding sentence, in the
      case
      of any Registered Security which is converted or exchanged, interest with
      respect to which the Stated Maturity is after the date of conversion or exchange
      of such Registered Security shall not be payable.

     

    Section 3.8. 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 the Trustee may treat
      the
      Person in whose name such Registered Security is registered in the Security
      Register as the owner of such Registered Security for the purpose of receiving
      payment of principal of, any premium and (subject to Sections 3.5 and 3.7)
      interest on and any Additional Amounts with respect to such Registered Security
      and for all other purposes whatsoever, whether or not any payment with respect
      to such Registered Security shall be overdue, and none of the Company, the
      Trustee or 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 or the bearer of any Coupon as the absolute owner
      of such Security or Coupon for the purpose of receiving payment thereof or
      on
      account thereof and for all other purposes whatsoever, whether or not any
      payment with respect to such Security or Coupon shall be overdue,

    
      
         

      

      
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    and
      none
      of the Company, the Trustee or any agent of the Company or the Trustee shall
      be
      affected by notice to the contrary.

     

    No
      Holder
      of any beneficial interest in any global Security held on its behalf by a
      Depository shall have any rights under this Indenture with respect to such
      global Security, and such Depository may be treated by the Company, the Trustee
      and any agent of the Company or the Trustee as the owner of such global Security
      for all purposes whatsoever. 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 3.9. Cancellation.

     

    All
      Securities and Coupons surrendered for payment, redemption, registration of
      transfer, exchange or conversion or for credit against any sinking fund payment
      shall, if surrendered to any Person other than the Trustee, be delivered to
      the
      Trustee, and any such Securities and Coupons, as well as Securities and Coupons
      surrendered directly to the Trustee for any such purpose, shall be cancelled
      promptly by the Trustee. The Company may at any time deliver to the Trustee
      for
      cancellation any Securities previously authenticated and delivered hereunder
      which the Company may have acquired in any manner whatsoever, and all Securities
      so delivered shall be cancelled promptly by the Trustee. No Securities shall
      be
      authenticated in lieu of or in exchange for any Securities cancelled as provided
      in this Section, except as expressly permitted by or pursuant to this Indenture.
      All cancelled Securities and Coupons held by the Trustee shall be destroyed
      by
      the Trustee, unless by a Company Order the Company directs their return to
      it.

     

    Section 3.10. Computation
      of Interest.

     

    Except
      as
      otherwise provided in or pursuant to this Indenture or in any Security, interest
      on the Securities shall be computed on the basis of a 360-day year of twelve
      30-day months.

     

    ARTICLE 4.

     

    SATISFACTION
      AND DISCHARGE OF INDENTURE

     

    Section 4.1. Satisfaction
      and Discharge.

     

    Upon
      the
      direction of the Company by a Company Order, this Indenture shall cease to
      be of
      further effect and the provisions of Article 17 shall cease to be
      effective, with respect to any series of Securities specified in such Company
      Order and any Coupons appertaining thereto, and the Trustee, on receipt of
      a
      Company Order, at the expense of the Company, shall execute proper instruments
      acknowledging satisfaction and discharge of this Indenture as to such series,
      when

     

    (1) either

     

    (a) all
      Securities of such series theretofore authenticated and delivered and all
      Coupons appertaining thereto (other than (i) Coupons appertaining to Bearer
      Securities of such series surrendered in exchange for Registered Securities
      of
      such series and maturing after such exchange whose surrender is not required
      or
      has been waived as provided in Section 3.5, 

    
      
         

      

      
        31

        
          

        

      

      
         

      

    

     

    (ii) Securities
      and Coupons of such series which have been destroyed, lost or stolen and which
      have been replaced or paid as provided in Section 3.6, (iii) Coupons
      appertaining to Securities of such series called for redemption and maturing
      after the relevant Redemption Date whose surrender has been waived as provided
      in Section 11.7, and (iv) Securities and Coupons of such series for
      whose payment money has theretofore been deposited in trust or segregated and
      held in trust by the Company and thereafter repaid to the Company or discharged
      from such trust, as provided in Section 10.3) have been delivered to the
      Trustee for cancellation; or

     

    (b) all
      Securities of such series and, in the case of (i) or (ii) below, any
      Coupons appertaining thereto 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) if
      redeemable at the option of the Company, 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 (i), (ii) or (iii) above, has deposited or
      caused to be deposited with the Trustee as trust funds in trust for such
      purpose, money in the Currency in which such Securities are payable in an amount
      sufficient to pay and discharge the entire indebtedness on such Securities
      and
      any Coupons appertaining thereto not theretofore delivered to the Trustee for
      cancellation, including the principal of, any premium and interest on, and
      any
      Additional Amounts with respect to such Securities and any Coupons appertaining
      thereto, to the date of such deposit (in the case of Securities which have
      become due and payable) or to the Maturity thereof, as the case may
      be;

     

    (2) the
      Company has paid or caused to be paid all other sums payable hereunder by the
      Company with respect to the Outstanding Securities of such series and any
      Coupons appertaining thereto; and

     

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

     

    In
      the
      event there are Securities of two or more series hereunder, the Trustee shall
      be
      required to execute an instrument acknowledging satisfaction and discharge
      of
      this Indenture only if requested to do so with respect to Securities of such
      series as to which it is Trustee and if the other conditions thereto are
      met.

     

    Notwithstanding
      the satisfaction and discharge of this Indenture with respect to any series
      of
      Securities, the obligations of the Company to the Trustee under Section 6.7
      and, if money shall have been deposited with the Trustee pursuant to
      subclause (b) of clause (1) of this Section, the obligations of the
      Company and the Trustee with respect to the Securities of such series under
      Sections 3.5, 3.6, 4.3, 10.2 and 10.3, with respect to the payment of
      Additional Amounts, if any, with respect to such Securities as contemplated
      by
      Section 10.4 (but only to the extent that the Additional Amounts payable
      with respect to such Securities exceed the amount deposited in respect of such
      Additional Amounts pursuant to Section 4.1(1)(b)), and with respect to any
      rights to convert or exchange such Securities into securities of the Company
      or
      another issuer shall survive.

     

    
      
         

      

      
        32

        
          

        

      

      
         

      

    

     

    Section 4.2. Defeasance
      and Covenant Defeasance.

     

    (1) Unless
      pursuant to Section 3.1, either or both of (i) defeasance of the
      Securities of or within a series under clause (2) of this Section 4.2
      shall not be applicable with respect to the Securities of such series or
      (ii) covenant defeasance of the Securities of or within a series under
      clause (3) of this Section 4.2 shall not be applicable with respect to
      the Securities of such series, then such provisions, together with the other
      provisions of this Section 4.2 (with such modifications thereto as may be
      specified pursuant to Section 3.1 with respect to any Securities), shall be
      applicable to such Securities and any Coupons appertaining thereto, and the
      Company may at its option by Board Resolution, at any time, with respect to
      such
      Securities and any Coupons appertaining thereto, elect to have
      Section 4.2(2) or Section 4.2(3) be applied to such Outstanding
      Securities and any Coupons appertaining thereto upon compliance with the
      conditions set forth below in this Section 4.2.

     

    (2) Upon
      the
      Company's exercise of the above option applicable to this Section 4.2(2)
      with respect to any Securities of or within a series, the Company shall be
      deemed to have been discharged from its obligations, and the provisions of
      Article 17 shall cease to be effective, with respect to such Outstanding
      Securities and any Coupons appertaining thereto on the date the conditions
      set
      forth in clause (4) of this Section 4.2 are satisfied (hereinafter,
      "defeasance"). For this purpose, such defeasance means that the Company shall
      be
      deemed to have paid and discharged the entire Indebtedness represented by such
      Outstanding Securities and any Coupons appertaining thereto, which shall
      thereafter be deemed to be "Outstanding" only for the purposes of
      clause (5) of this Section 4.2 and the other Sections of this
      Indenture referred to in clauses (i) and (ii) below, and to have
      satisfied all of its other obligations under such Securities and any Coupons
      appertaining thereto, and this Indenture insofar as such Securities and any
      Coupons appertaining thereto are concerned (and the Trustee, at the expense
      of
      the Company, shall execute proper instruments acknowledging the same), except
      for the following which shall survive until otherwise terminated or discharged
      hereunder: (i) the rights of Holders of such Outstanding Securities and any
      Coupons appertaining thereto to receive, solely from the trust fund described
      in
      clause (4) of this Section 4.2 and as more fully set forth in such
      clause, payments in respect of the principal of (and premium, if any) and
      interest, if any, on, and Additional Amounts, if any, with respect to, such
      Securities and any Coupons appertaining thereto when such payments are due,
      and
      any rights of such Holder to convert such Securities into other securities
      of
      the Company or exchange such Securities for securities of another issuer,
      (ii) the obligations of the Company and the Trustee with respect to such
      Securities under Sections 3.5, 3.6, 10.2 and 10.3 and with respect to the
      payment of Additional Amounts, if any, on such Securities as contemplated by
      Section 10.4 (but only to the extent that the Additional Amounts payable
      with respect to such Securities exceed the amount deposited in respect of such
      Additional Amounts pursuant to Section 4.2(4)(a) below), and with respect
      to any rights to convert such Securities into other securities of the Company
      or
      exchange such Securities for securities of another issuer, (iii) the
      rights, powers, trusts, duties and immunities of the Trustee hereunder and
      (iv) this Section 4.2. The Company may exercise its option under this
      Section 4.2(2) notwithstanding the prior exercise of its option under
      clause (3) of this Section 4.2 with respect to such Securities and any
      Coupons appertaining thereto.

     

    (3) Upon
      the
      Company's exercise of the option to have this Section 4.2(3) apply with
      respect to any Securities of or within a series, the Company shall be released
      from its obligations under Sections 10.5 and 10.6, and, to the extent
      specified pursuant to Section 3.1(19), any other covenant applicable to
      such Securities, and the provisions of Article 17 shall cease to be

    
      
         

      

      
        33

        
          

        

      

      
         

      

    

     

    effective
      as it relates to the aforementioned obligations and covenants, with respect
      to
      such Outstanding Securities and any Coupons appertaining thereto, on and after
      the date the conditions set forth in clause (4) of this Section 4.2
      are satisfied (hereinafter, "covenant defeasance"), and such Securities and
      any
      Coupons appertaining thereto shall thereafter be deemed to be not "Outstanding"
      for the purposes of any direction, waiver, consent or declaration or Act of
      Holders (and the consequences of any thereof) in connection with any such
      obligation or covenant, but shall continue to be deemed "Outstanding" for all
      other purposes hereunder. For this purpose, such covenant defeasance means
      that,
      with respect to such Outstanding Securities and any Coupons appertaining
      thereto, the Company may omit to comply with, and shall have no liability in
      respect of, any term, condition or limitation set forth in any such
      Section or such other covenant, or Article, whether directly or indirectly,
      by reason of any reference elsewhere herein to any such Section or such
      other covenant, or Article, or by reason of reference in any such
      Section or such other covenant, or Article, to any other provision herein
      or in any other document and such omission to comply shall not constitute a
      default or an Event of Default under Section 5.1(4) or 5.1(8) or otherwise,
      as the case may be, but, except as specified above, the remainder of this
      Indenture and such Securities and Coupons appertaining thereto shall be
      unaffected thereby.

     

    (4) The
      following shall be the conditions to application of clause (2) or (3) of
      this Section 4.2 to any Outstanding Securities of or within a series and
      any Coupons appertaining thereto:

     

    (a) The
      Company shall irrevocably have deposited or caused to be deposited with the
      Trustee (or another trustee satisfying the requirements of Section 6.8 who
      shall agree to comply with the provisions of this Section 4.2 applicable to
      it) as trust funds in trust for the purpose of making the following payments,
      specifically pledged as security for, and dedicated solely to, the benefit
      of
      the Holders of such Securities and any Coupons appertaining thereto, (1) an
      amount in Dollars or in such Foreign Currency in which such Securities and
      any
      Coupons appertaining thereto are then specified as payable at Stated Maturity,
      or (2) Government Obligations applicable to such Securities and Coupons
      appertaining thereto (determined on the basis of the Currency in which such
      Securities and Coupons appertaining thereto are then specified as payable at
      Stated Maturity) which through the scheduled payment of principal and interest
      in respect thereof in accordance with their terms will provide, not later than
      one day before the due date of any payment of principal of (and premium, if
      any)
      and interest, if any, on such Securities and any Coupons appertaining thereto,
      money in an amount, or (3) a combination thereof, in any case, in an
      amount, sufficient, without consideration of any reinvestment of such principal
      and interest, in the opinion of a nationally recognized firm of independent
      public accountants expressed in a written certification thereof delivered to
      the
      Trustee, to pay and discharge, and which shall be applied by the Trustee (or
      other qualifying trustee) to pay and discharge, (y) the principal of (and
      premium, if any) and interest, if any, on such Outstanding Securities and any
      Coupons appertaining thereto at the Stated Maturity of such principal or
      installment of principal or premium or interest and (z) any mandatory
      sinking fund payments or analogous payments applicable to such Outstanding
      Securities and any Coupons appertaining thereto on the days on which such
      payments are due and payable in accordance with the terms of this Indenture
      and
      of such Securities and any Coupons appertaining thereto.

     

    (b) Such
      defeasance or covenant defeasance shall not result in a breach or violation
      of,
      or constitute a default under, this Indenture or any other material agreement
      or
      instrument to which the Company is a party or by which it is
      bound.

    
      
         

      

      
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    (c) No
      Event
      of Default or event which with notice or lapse of time or both would become
      an
      Event of Default with respect to such Securities and any Coupons appertaining
      thereto shall have occurred and be continuing on the date of such deposit and,
      with respect to defeasance only, at any time during the period ending on the
      123rd day after the date of such deposit (it being understood that this
      condition shall not be deemed satisfied until the expiration of such
      period).

     

    (d) In
      the
      case of an election under clause (2) of this Section 4.2, the Company
      shall have delivered to the Trustee an Opinion of Counsel stating that
      (i) the Company has received from the Internal Revenue Service a letter
      ruling, or there has been published by the Internal Revenue Service a Revenue
      Ruling, or (ii) since the date of execution of this Indenture, there has
      been a change in the applicable Federal income tax law, in either case to the
      effect that, and based thereon such opinion shall confirm that, the Holders
      of
      such Outstanding Securities and any Coupons appertaining thereto will not
      recognize income, gain or loss for Federal income tax purposes as a result
      of
      such defeasance and will be subject to Federal income tax on the same amounts,
      in the same manner and at the same times as would have been the case if such
      defeasance had not occurred.

     

    (e) In
      the
      case of an election under clause (3) of this Section 4.2, the Company
      shall have delivered to the Trustee an Opinion of Counsel to the effect that
      the
      Holders of such Outstanding Securities and any Coupons appertaining thereto
      will
      not recognize income, gain or loss for Federal income tax purposes as a result
      of such covenant defeasance and will be subject to Federal income tax on the
      same amounts, in the same manner and at the same times as would have been the
      case if such covenant defeasance had not occurred.

     

    (f) The
      Company shall have delivered to the Trustee an Opinion of Counsel to the effect
      that, after the 123rd day after the date of deposit, all money and
      Government Obligations (or other property as may be provided pursuant to
      Section 3.1) (including the proceeds thereof) deposited or caused to be
      deposited with the Trustee (or other qualifying trustee) pursuant to this
      clause (4) to be held in trust will not be subject to any case or
      proceeding (whether voluntary or involuntary) in respect of the Company under
      any Federal or State bankruptcy, insolvency, reorganization or other similar
      law, or any decree or order for relief in respect of the Company issued in
      connection therewith.

     

    (g) At
      the
      time of the deposit, (i) no default in the payment of any principal of,
      premium, if any, or interest on any Senior Indebtedness shall have occurred
      and
      be continuing, (ii) no event of default with respect to any Senior
      Indebtedness shall have resulted in such Senior Indebtedness becoming, and
      continuing to be, due and payable prior to the date on which it would otherwise
      have become due and payable (unless payment of such Senior Indebtedness has
      been
      made or duly provided for), and (iii) no other event of default with
      respect to any Senior Indebtedness shall have occurred and be continuing
      permitting (after notice or lapse of time or both) the holders of such Senior
      Indebtedness (or a trustee on behalf of such holders) to declare such Senior
      Indebtedness due and payable prior to the date on which it would otherwise
      have
      become due and payable.

     

    (h) The
      Company shall have delivered to the Trustee an Officer's Certificate and the
      Company shall have delivered to the Trustee an Opinion of Counsel, each stating
      that all conditions precedent to the defeasance or covenant defeasance under
      clause (2) or (3) of this Section 4.2 (as the case may be) have been
      complied with.

    
      
         

      

      
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    (i) Notwithstanding
      any other provisions of this Section 4.2(4), such defeasance or covenant
      defeasance shall be effected in compliance with any additional or substitute
      terms, conditions or limitations which may be imposed on the Company in
      connection therewith pursuant to Section 3.1.

     

    (5) Unless
      otherwise specified in or pursuant to this Indenture or any Security, if, after
      a deposit referred to in Section 4.2(4)(a) has been made, (a) the
      Holder of a Security in respect of which such deposit was made is entitled
      to,
      and does, elect pursuant to Section 3.1 or the terms of such Security to
      receive payment in a Currency other than that in which the deposit pursuant
      to
      Section 4.2(4)(a) has been made in respect of such Security, or (b) a
      Conversion Event occurs in respect of the Foreign Currency in which the deposit
      pursuant to Section 4.2(4)(a) has been made, the indebtedness represented
      by such Security and any Coupons appertaining thereto shall be deemed to have
      been, and will be, fully discharged and satisfied through the payment of the
      principal of (and premium, if any), and interest, if any, on, and Additional
      Amounts, if any, with respect to, such Security as the same becomes due out
      of
      the proceeds yielded by converting (from time to time as specified below in
      the
      case of any such election) the amount or other property deposited in respect
      of
      such Security into the Currency in which such Security becomes payable as a
      result of such election or Conversion Event based on (x) in the case of
      payments made pursuant to clause (a) above, the applicable market exchange
      rate for such Currency in effect on the second Business Day prior to each
      payment date, or (y) with respect to a Conversion Event, the applicable
      market exchange rate for such Foreign Currency in effect (as nearly as feasible)
      at the time of the Conversion Event.

     

    The
      Company shall pay and indemnify the Trustee (or other qualifying trustee,
      collectively for purposes of this Section 4.2(5) and Section 4.3, the
      "Trustee") against any tax, fee or other charge, imposed on or assessed against
      the Government Obligations deposited pursuant to this Section 4.2 or the
      principal or interest received in respect thereof other than any such tax,
      fee
      or other charge which by law is for the account of the Holders of such
      Outstanding Securities and any Coupons appertaining thereto.

     

    Anything
      in this Section 4.2 to the contrary notwithstanding, the Trustee shall
      deliver or pay to the Company from time to time upon Company Request, any money
      or Government Obligations (or other property and any proceeds therefrom) held
      by
      it as provided in clause (4) of this Section 4.2 which, in the opinion
      of a nationally recognized firm of independent public accountants expressed
      in a
      written certification thereof delivered to the Trustee, are in excess of the
      amount thereof which would then be required to be deposited to effect a
      defeasance or covenant defeasance, as applicable, in accordance with this
      Section 4.2.

     

    Section 4.3. Application
      of Trust Money.

     

    Subject
      to the provisions of the last paragraph of Section 10.3, all money and
      Government Obligations (or other property as may be provided pursuant to
      Section 3.1) (including the proceeds thereof) deposited with the Trustee
      pursuant to Section 4.1 or 4.2 in respect of any Outstanding Securities of
      any series and any Coupons appertaining thereto shall be held in trust and
      applied by the Trustee, in accordance with the provisions of such Securities
      and
      any Coupons appertaining thereto 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 Holders of such Securities
      and any Coupons appertaining thereto of all sums due and to become due thereon
      in respect of principal (and premium, if any) and interest and Additional
      Amounts, if any; but such 

    
      
         

      

      
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    money
      and
      Government Obligations need not be segregated from other funds except to the
      extent required by law. Money and Government obligations so held in trust shall
      not be subject to the provisions of Article 17 except to the extent set forth
      in
      Section 17.1. Money and Government Obligations deposited with the Trustee
      pursuant to Section 4.1 (and held by it or a Paying Agent) for the payment
      of Securities subsequently converted shall be returned to the Company upon
      Company Request.

     

    Section 4.4. Reinstatement.

     

    If
      the
      Trustee or any Paying Agent is unable to apply any money in accordance with
      this
      Article with respect to any Securities by reason of any order or judgment of
      any
      court or governmental authority enjoining, restraining or otherwise prohibiting
      such application, then the obligations under this Indenture and such Securities
      from which the Company has been discharged or released pursuant to
      Section 4.2(2) or 4.2(3) shall be revived and reinstated as though no
      deposit had occurred pursuant to this Article with respect to such Securities,
      until such time as the Trustee or Paying Agent is permitted to apply all money
      held in trust pursuant to Section 4.3 with respect to such Securities in
      accordance with this Article; provided,
      however,
      that if
      the Company makes any payment of principal of or any premium or interest on
      any
      such Securities following such reinstatement of its obligations, the Company
      shall be subrogated to the rights (if any) of the Holders of such Securities
      to
      receive such payment from the money so held in trust.

     

    ARTICLE 5.

     

    REMEDIES

     

    Section 5.1. Events
      of Default.

     

    "Event
      of
      Default," wherever used herein with respect to Securities of any series, means
      any one of the following events (whatever the reason for such Event of Default
      and whether it shall be occasioned by the provisions of Article 17, be voluntary
      or involuntary or be effected by operation of law or pursuant to any judgment,
      decree or order of any court or any order, rule or regulation of any
      administrative or governmental body), unless such event is specifically deleted
      or modified in or pursuant to the supplemental indenture, Board Resolution
      or
      Officer's Certificate establishing the terms of such Series pursuant to this
      Indenture:

     

    (1) default
      in the payment of any interest on any Security of such series, or any Additional
      Amounts payable with respect thereto, when such interest becomes or such
      Additional Amounts become 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 any premium on any Security of such
      series, or any Additional Amounts payable with respect thereto, when such
      principal or premium becomes or such Additional Amounts become due and payable
      at their Maturity; or

     

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

    
      
         

      

      
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    (4) default
      in the performance, or breach, of any covenant or warranty of the Company in
      this Indenture or the Securities (other than a covenant or warranty a default
      in
      the performance or the breach of which is elsewhere in this
      Section specifically dealt with or which has been expressly included in
      this Indenture solely for the benefit of a series of Securities other than
      such
      series), and continuance of such default or breach for a period of 60 days
      after there has been given, by registered or certified mail, to the Company
      by
      the Trustee or to the Company and the Trustee by the Holders of at least 25%
      in
      principal amount of the Outstanding 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) if
      any
      event of default as defined in any mortgage, indenture or instrument under
      which
      there may be issued, or by which there may be secured or evidenced, any
      Indebtedness of the Company or any Restricted Subsidiary (including, in each
      case, an Event of Default under any other series of Securities), whether such
      Indebtedness now exists or shall hereafter be created or incurred, shall happen
      and shall consist, in the aggregate, of the default in the payment of
      $25,000,000 or more in principal amount of such Indebtedness at the maturity
      thereof (after giving effect to any applicable grace period) or shall, in the
      aggregate, result in such Indebtedness in principal amount of $25,000,000 or
      more becoming or being declared due and payable prior to the date on which
      it
      would otherwise become due and payable, and such default shall not be cured
      or
      such acceleration shall not be rescinded, stayed or annulled or, in the case
      of
      Indebtedness contested in good faith by the Company, a bond, letter of credit,
      escrow deposit or other cash equivalent in an amount sufficient to discharge
      such Indebtedness having been set aside by the Company, in each case 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 such series, a written notice specifying such event of default and requiring
      the Company to cause such acceleration to be rescinded or annulled or to cause
      such Indebtedness to be discharged and stating that such notice is a "Notice
      of
      Default" hereunder; or

     

    (6) the
      entry
      by a court having competent jurisdiction of:

     

    (a) a
      decree
      or order for relief in respect of the Company in an involuntary proceeding
      under
      any applicable bankruptcy, insolvency, reorganization or other similar law
      and
      such decree or order shall remain unstayed and in effect for a period of
      60 consecutive days; or

     

    (b) a
      decree
      or order adjudging the Company to be insolvent, or approving a petition seeking
      reorganization, arrangement, adjustment or composition of the Company and such
      decree or order shall remain unstayed and in effect for a period of
      60 consecutive days; or

     

    (c) a
      final
      and non-appealable order appointing a custodian, receiver, liquidator, assignee,
      trustee or other similar official of the Company of any substantial part of
      the
      property of the Company or ordering the winding up or liquidation of the affairs
      of the Company; or

     

    (7) the
      commencement by the Company of a voluntary proceeding under any applicable
      bankruptcy, insolvency, reorganization or other similar law or of a voluntary
      proceeding seeking to be adjudicated insolvent or the consent by the Company
      to
      the entry of a decree or order for relief in an involuntary proceeding under
      any
      applicable bankruptcy, insolvency, reorganization 

    
      
         

      

      
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    or
      other
      similar law or to the commencement of any insolvency proceedings against it,
      or
      the filing by the Company of a petition or answer or consent seeking
      reorganization, arrangement, adjustment or composition of the Company or relief
      under any applicable law, or the consent by the Company to the filing of such
      petition or to the appointment of or taking possession by a custodian, receiver,
      liquidator, assignee, trustee or similar official of the Company or any
      substantial part of the property of the Company or the making by the Company
      of
      an assignment for the benefit of creditors, or the taking of corporate action
      by
      the Company in furtherance of any such action; or

     

    (8) any
      other
      Event of Default provided in or pursuant to this Indenture with respect to
      Securities of such series.

     

    Section 5.2. Acceleration
      of Maturity; Rescission and Annulment.

     

    If
      an
      Event of Default with respect to Securities of any series at the time
      Outstanding (other than an Event of Default specified in clause (6) or (7)
      of Section 5.1) occurs and is continuing, then the Trustee or the Holders
      of not less than 25% in principal amount of the Outstanding Securities of such
      series may declare the principal of all the Securities of such series, or such
      lesser amount as may be provided for in the 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 the Holders), and upon any such declaration such principal
      or such lesser amount shall become immediately due and payable.

     

    If
      an
      Event of Default specified in clause (6) or (7) of Section 5.1 occurs,
      all unpaid principal of and accrued interest on the Outstanding Securities
      of
      that series (or such lesser amount as may be provided for in the Securities
      of
      such series) shall ipso facto become and be immediately due and payable without
      any declaration or other act on the part of the Trustee or any Holder of any
      Security of that series.

     

    At
      any
      time after a declaration of acceleration with respect to the 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 not less than a majority in principal amount of the Outstanding
      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 of money sufficient to
      pay

     

    (a) all
      overdue installments of any interest on and Additional Amounts with respect
      to
      all Securities of such series and any Coupon appertaining thereto,

     

    (b) the
      principal of and any premium on any Securities of such series which have become
      due otherwise than by such declaration of acceleration and interest thereon
      and
      any Additional Amounts with respect thereto at the rate or rates borne by or
      provided for in such Securities,

     

    (c) to
      the
      extent that payment of such interest or Additional Amounts is lawful, interest
      upon overdue installments of any interest and Additional Amounts at the rate
      or
      rates borne by or provided for in such Securities, and

    
      
         

      

      
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    (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
      all other amounts due the Trustee under Section 6.7; and

     

    (2) all
      Events of Default with respect to Securities of such series, other than the
      non-payment of the principal of, any premium and interest on, and any Additional
      Amounts with respect to Securities of such series which shall have become due
      solely by such declaration of acceleration, shall have been cured or waived
      as
      provided in Section 5.13.

     

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

     

    Section 5.3. 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 or any Additional
      Amounts with respect to any Security or any Coupon appertaining thereto when
      such interest or Additional Amounts shall have become 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 any premium on any Security or
      any
      Additional Amounts with respect thereto at their Maturity,

     

    the
      Company shall, upon demand of the Trustee, pay to the Trustee, for the benefit
      of the Holders of such Securities and any Coupons appertaining thereto, the
      whole amount of money then due and payable with respect to such Securities
      and
      any Coupons appertaining thereto, with interest upon the overdue principal,
      any
      premium and, to the extent that payment of such interest shall be legally
      enforceable, upon any overdue installments of interest and Additional Amounts
      at
      the rate or rates borne by or provided for in such Securities, and, in addition
      thereto, such further amount of money 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 and all other
      amounts due to the Trustee under Section 6.7.

     

    If
      the
      Company fails to pay the money it is required to pay the Trustee pursuant to
      the
      preceding paragraph forthwith upon the demand of the Trustee, the Trustee,
      in
      its own name and as trustee of an express trust, may institute a judicial
      proceeding for the collection of the money 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 Securities and any Coupons
      appertaining thereto and collect the monies 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 Securities and any Coupons appertaining thereto, wherever
      situated.

     

    If
      an
      Event of Default with respect to Securities of any series occurs and is
      continuing, the Trustee may in its discretion proceed to protect and enforce
      its
      rights and the rights of the Holders of Securities of such series and any
      Coupons appertaining thereto by such appropriate judicial proceedings as the
      Trustee shall deem most effectual to protect and enforce any such rights,
      whether 

    
      
         

      

      
        40

        
          

        

      

      
         

      

    

     

    for
      the
      specific enforcement of any covenant or agreement in this Indenture or such
      Securities or in aid of the exercise of any power granted herein or therein,
      or
      to enforce any other proper remedy.

     

    Section 5.4. Trustee
      May File Proofs of Claim.

     

    In
      case
      of the pendency of any receivership, insolvency, liquidation, bankruptcy,
      reorganization, arrangement, adjustment, composition or other judicial
      proceeding relative to the Company or any other obligor upon the Securities
      of
      any series or the property of the Company or such other obligor or their
      creditors, the Trustee (irrespective of whether the principal of the Securities
      shall then be due and payable as therein expressed or by declaration or
      otherwise and irrespective of whether the Trustee shall have made any demand
      on
      the Company for the payment of any overdue principal, premium, interest or
      Additional Amounts) shall be entitled and empowered, by intervention in such
      proceeding or otherwise,

     

    (1) to
      file
      and prove a claim for the whole amount, or such lesser amount as may be provided
      for in the Securities of any applicable series, of the principal and any
      premium, interest and Additional Amounts owing and unpaid in respect of the
      Securities and any Coupons appertaining thereto 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 or counsel) and of the
      Holders of Securities or any Coupons appertaining thereto allowed in such
      judicial proceeding, and

     

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

     

    and
      any
      custodian, receiver, assignee, trustee, liquidator, sequestrator or other
      similar official in any such judicial proceeding is hereby authorized by each
      Holder of Securities or any Coupons 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 of Securities or any Coupons, to pay to the Trustee any amount
      due to it for the reasonable compensation, expenses, disbursements and advances
      of the Trustee, its agents and counsel and any other amounts due the Trustee
      under Section 6.7.

     

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

     

    Section 5.5. Trustee
      May Enforce Claims Without Possession of Securities or
      Coupons.

     

    All
      rights of action and claims under this Indenture or any of the Securities or
      Coupons may be prosecuted and enforced by the Trustee without the possession
      of
      any of the 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 or
      judgment, after provision for the payment of the reasonable compensation,
      expenses, disbursements and advances of the Trustee, its agents and counsel,
      shall be for the ratable benefit of 

    
      
         

      

      
        41

        
          

        

      

      
         

      

    

     

    each
      and
      every Holder of the Securities or Coupons in respect of which such judgment
      has
      been recovered.

     

    Section 5.6. Application
      of Money Collected.

     

    Subject
      to Article 17, any money collected by the Trustee pursuant to this Article
      shall be applied in the following order, at the date or dates fixed by the
      Trustee and, in case of the distribution of such money on account of principal,
      or any premium, interest or Additional Amounts, upon presentation of the
      Securities or 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 and any predecessor Trustee under
      Section 6.7;

     

    SECOND:
      To the payment of the amounts then due and unpaid upon the Securities and any
      Coupons for principal and any premium, interest and Additional Amounts 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 aggregate
      amounts due and payable on such Securities and Coupons for principal and any
      premium, interest and Additional Amounts, respectively;

     

    THIRD:
      The balance, if any, to the Person or Persons entitled thereto.

     

    Section 5.7. Limitations
      on Suits.

     

    No
      Holder
      of any Security of any series or any Coupons appertaining thereto 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 Securities of such series;

     

    (2) the
      Holders of not less than 25% in principal amount of the Outstanding 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 such indemnity as is reasonably
      satisfactory to it 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 to the Trustee
      during such 60-day period by the Holders of a majority in principal amount
      of
      the Outstanding 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 or any Security to affect, disturb or prejudice the rights of any
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    series,
      or to obtain or to seek to obtain priority or preference over any other Holders
      or to enforce any right under this Indenture, except in the manner herein
      provided and for the equal and ratable benefit of all such Holders.

     

    Section 5.8. Unconditional
      Right of Holders to Receive Principal and Any Premium, Interest and Additional
      Amounts.

     

    Notwithstanding
      any other provision in this Indenture, the Holder of any Security or Coupon
      shall have the right, which is absolute and unconditional, to receive payment
      of
      the principal of, any premium and (subject to Sections 3.5 and 3.7)
      interest on, and any Additional Amounts with respect to, such Security or
      payment of such Coupon, as the case may be, on the respective Stated Maturity
      or
      Maturities therefor specified in such Security or Coupon (or, in the case of
      redemption, on the Redemption Date or, in the case of repayment at the option
      of
      such Holder if provided in or pursuant to this Indenture, on the date such
      repayment is due) and to convert such Security in accordance with
      Article 16 hereof, 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 5.9. Restoration
      of Rights and Remedies.

     

    If
      the
      Trustee or any Holder of a Security or a Coupon has instituted any proceeding
      to
      enforce any right or remedy under this Indenture and such proceeding has been
      discontinued or abandoned for any reason, or has been determined adversely
      to
      the Trustee or to such Holder, then and in every such case the Company, the
      Trustee and each such Holder 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 each such
      Holder shall continue as though no such proceeding had been
      instituted.

     

    Section 5.10. Rights
      and Remedies Cumulative.

     

    Except
      as
      otherwise provided with respect to the replacement or payment of mutilated,
      destroyed, lost or stolen Securities or Coupons in the last paragraph of
      Section 3.6, no right or remedy herein conferred upon or reserved to the
      Trustee or to each and every Holder of a Security or a Coupon is intended to
      be
      exclusive of any other right or remedy, and every right and remedy, to the
      extent permitted by law, shall be cumulative and in addition to every other
      right and remedy given hereunder or now or hereafter existing at law or in
      equity or otherwise. The assertion or employment of any right or remedy
      hereunder, or otherwise, shall not, to the extent permitted by law, prevent
      the
      concurrent assertion or employment of any other appropriate right or
      remedy.

     

    Section 5.11. Delay
      or Omission Not Waiver.

     

    No
      delay
      or omission of the Trustee or of any Holder of any 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 any Holder of a Security or a Coupon may be exercised from
      time to time, and as often as may be deemed expedient, by the Trustee or by
      such
      Holder, as the case may be.

     

    
      
         

      

      
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    Section 5.12. Control
      by Holders of Securities.

     

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

     

    (1) such
      direction shall not be in conflict with any rule of law or with this Indenture
      or with the Securities of such series,

     

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

     

    (3) such
      direction is not unduly prejudicial to the rights of the other Holders of
      Securities of such series not joining in such action.

     

    Section 5.13. Waiver
      of Past Defaults.

     

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

     

    (1) in
      the
      payment of the principal of, any premium or interest on, or any Additional
      Amounts with respect to, any Security of such series or any Coupons appertaining
      thereto, or

     

    (2) in
      respect of a covenant or provision hereof which under Article 9 cannot be
      modified or amended without the consent of the Holder of each Outstanding
      Security of such series affected.

     

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

     

    Section 5.14. Waiver
      of Usury, Stay or Extension Laws.

     

    The
      Company covenants that (to the extent that it may lawfully do so) it will not
      at
      any time insist upon, or plead, or in any manner whatsoever claim or take the
      benefit or advantage of, any usury, stay or extension law wherever enacted,
      now
      or at any time hereafter in force, which may affect the covenants or the
      performance of this Indenture; and the Company expressly waives (to the extent
      that it may lawfully do so) all benefit 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.

     

    
      
         

      

      
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    Section 5.15. Undertaking
      for Costs.

     

    All
      parties to this Indenture agree, and each Holder of any Security by his
      acceptance thereof shall be deemed to have agreed, that any court may in its
      discretion require, in any suit for the enforcement of any right or remedy
      under
      this Indenture, or in any suit against the Trustee for any action taken or
      omitted by it as Trustee, the filing by any party litigant in such suit of
      any
      undertaking to pay the costs of such suit, and that such court may in its
      discretion assess reasonable costs, including reasonable attorneys' fees,
      against any party litigant in such suit having due regard to the merits and
      good
      faith of the claims or defenses made by such party litigant; but the provisions
      of this Section 5.15 shall not apply to any suit instituted by the Trustee,
      to any suit instituted by any Holder, or group of Holders, holding in the
      aggregate more than 10% in principal amount of Outstanding 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, if any, on or
      Additional Amounts, if any, with respect to any Security on or after the
      respective Stated Maturities expressed in such Security (or, in the case of
      redemption, on or after the Redemption Date, and, in the case of repayment,
      on
      or after the date for repayment) or for the enforcement of the right, if any,
      to
      convert or exchange any Security into other securities in accordance with its
      terms.

     

    ARTICLE 6.

     

    THE
      TRUSTEE

     

    Section 6.1. Certain
      Duties and Responsibilities.

     

    (a) Except
      during the continuance of an Event of Default,

     

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

     

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

     

    (b) In
      case
      an Event of Default actually known to a Responsible Office of the Trustee has
      occurred and is continuing, the Trustee shall exercise such of the rights and
      powers vested in it by this Indenture, and use the same degree of care and
      skill
      in their exercise, as a prudent man would exercise or use under the
      circumstances in the conduct of his own affairs.

     

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

    
      
         

      

      
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    (1) this
      paragraph (c) shall not be construed to limit the effect of
      paragraph (a) of this Section 6.1;

     

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

     

    (3) the
      Trustee shall not be liable with respect to any action taken or omitted to
      be
      taken by it in good faith in accordance with the direction of the Holders of
      a
      majority in principal amount of the Outstanding Securities relating to the
      time,
      method and place of conducting any proceeding for any remedy available to the
      Trustee, or exercising any trust or power conferred upon the Trustee, under
      this
      Indenture.

     

    Section 6.2. Certain
      Rights of Trustee.

     

    Subject
      to the provisions of Section 6.1:

     

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

     

    (2) any
      request or direction of the Company mentioned herein shall be sufficiently
      evidenced by a Company Request or a Company Order (in each case, other than
      delivery of any Security, together with any Coupons appertaining thereto, to
      the
      Trustee for authentication and delivery pursuant to Section 3.3 which shall
      be sufficiently evidenced as provided therein) and any resolution of the Board
      of Directors may be sufficiently evidenced by a Board Resolution;

     

    (3) 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 shall be herein
      specifically prescribed) may, in the absence of bad faith on its part, request
      and rely upon an Officer's Certificate;

     

    (4) the
      Trustee may consult with counsel and the written 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;

     

    (5) the
      Trustee shall be under no obligation to exercise any of the rights or powers
      vested in it by or pursuant to this Indenture at the request or direction of
      any
      of the Holders of Securities of any series or any Coupons appertaining thereto
      pursuant to this Indenture, unless such Holders shall have offered to the
      Trustee such security or indemnity as is reasonably satisfactory to it against
      the costs, expenses and liabilities which might be incurred by it in compliance
      with such request or direction;

     

    (6) 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, coupon or other
      paper or document, but the Trustee, in its 

    
      
         

      

      
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    discretion,
      may, but shall not be obligated to 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, during business hours and upon reasonable notice, the books, records
      and premises of the Company, personally or by agent or attorney;

     

    (7) 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;

     

    (8) the
      Authenticating Agent, Paying Agent, and Security Registrar shall have the same
      protections as the Trustee set forth hereunder;

     

    (9) 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;

     

    (10) 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 Article 6;

     

    (11) the
      Trustee shall not be liable for any action taken or omitted to be taken by
      it in
      good faith that is believed to be authorized or within the discretion or rights
      or powers conferred upon it by this Indenture, unless the Trustee's conduct
      constitutes negligence;

     

    (12) the
      permissive rights of the Trustee to do things enumerated in this Indenture
      shall
      not be construed as a duty unless so specified herein; and

     

    (13) the
      Trustee shall not be deemed to have notice or actual knowledge of any Event
      of
      Default unless a Responsible Officer of the Trustee has actual knowledge thereof
      or unless written notice of any Event of Default is received by the Trustee
      pursuant to Section 1.5 hereof. Except as otherwise expressly provided
      herein, the Trustee shall not be bound to ascertain or inquire as to the
      performance or observance of any of the terms, conditions, covenants or
      agreements herein or in any series of Securities.

     

    Section 6.3. Notice
      of Defaults.

     

    Within
      90 days after the occurrence of any default hereunder with respect to the
      Securities of any series, the Trustee shall transmit by mail to all Holders
      of
      Securities of such series entitled to receive reports pursuant to
      Section 7.3(3), notice of such default hereunder actually known to a
      Responsible Officer of the Trustee, unless such default shall have been cured
      or
      waived; provided, however, that, except in the case of a default in the payment
      of the principal of (or premium, if any), or interest, if any, on, or Additional
      Amounts or any sinking fund or purchase fund installment with respect to, any
      Security of such series, the Trustee shall be protected in withholding such
      notice if and so long as the board of directors, the executive committee or
      a
      trust committee of directors and/or Responsible Officers of the Trustee in
      good
      faith determine that the withholding of such notice is in the best interest
      of
      the Holders of Securities and Coupons of such series; and provided, further,
      that in the case of any default of the character specified in
      Section 5.1(5) with respect to 

    
      
         

      

      
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    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 Securities of such
      series.

     

    Section 6.4. Not
      Responsible for Recitals or Issuance of Securities.

     

    The
      recitals contained herein and in the Securities, except the Trustee's
      certificate of authentication, and in any Coupons shall be taken as the
      statements of the Company and neither the Trustee nor any Authenticating Agent
      assumes any responsibility for their correctness. The Trustee makes no
      representations as to the validity or sufficiency of this Indenture or of the
      Securities or the Coupons, except that the Trustee represents that it is duly
      authorized to execute and deliver this Indenture, authenticate the Securities
      and perform its obligations hereunder and that the statements made by it in
      a
      Statement of Eligibility on Form T-1 supplied to the Company are true and
      accurate, subject to the qualifications set forth therein. Neither the Trustee
      nor any Authenticating Agent shall be accountable for the use or application
      by
      the Company of the Securities or the proceeds thereof.

     

    Section 6.5. May
      Hold Securities.

     

    The
      Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar
      or
      any other Person that may be an agent of the Trustee or the Company, in its
      individual or any other capacity, may become the owner or pledgee of Securities
      or Coupons and, subject to Sections 310(b) and 311 of the Trust Indenture
      Act, may otherwise deal with the Company with the same rights it would have
      if
      it were not the Trustee, Authenticating Agent, Paying Agent, Security Registrar
      or such other Person.

     

    Section 6.6. Money
      Held in Trust.

     

    Except
      as
      provided in Section 4.3 and Section 10.3, money held by the Trustee in
      trust hereunder need not be segregated from other funds except to the extent
      required by law and shall be held uninvested. The Trustee shall be under no
      liability for interest on any money received by it hereunder except as otherwise
      agreed to in writing with the Company.

     

    Section 6.7. Compensation
      and Reimbursement.

     

    The
      Company agrees:

     

    (1) to
      pay to
      the Trustee from time to time reasonable compensation for all services rendered
      by the Trustee hereunder (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 or arising out of
      or
      in connection with the acceptance or administration of the trust or trusts
      hereunder (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 the Trustee's negligence or bad faith;
      and

    
      
         

      

      
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    (3) to
      indemnify the Trustee and its agents, officers, directors and employees for,
      and
      to hold them harmless against, any loss, liability or expense incurred without
      negligence or bad faith on their part, arising out of or in connection with
      the
      acceptance or administration of the trust or trusts hereunder, including the
      costs and expenses of defending themselves against any claim or liability in
      connection with the exercise or performance of any of their powers or duties
      hereunder, except to the extent that any such loss, liability or expense was
      due
      to the Trustee's negligence or bad faith.

     

    As
      security for the performance of the obligations of the Company under this
      Section, the Trustee shall have a lien prior to the Securities of any series
      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 or interest
      on
      or any Additional Amounts with respect to Securities or any Coupons appertaining
      thereto.

     

    To
      the
      extent permitted by law, any compensation or expense incurred by the Trustee
      after a default specified in or pursuant to Section 5.1 is intended to
      constitute an expense of administration under any then applicable bankruptcy
      or
      insolvency law. "Trustee" for purposes of this Section 6.7 shall include
      any predecessor Trustee but the negligence or bad faith of any Trustee shall
      not
      affect the rights of any other Trustee under this Section 6.7.

     

    The
      provisions of this Section 6.7 shall survive the satisfaction and discharge
      of this Indenture or the earlier resignation or removal of the Trustee and
      shall
      apply with equal force and effect to the Trustee in its capacity as
      Authenticating Agent, Paying Agent or Security Registrar.

     

    Section 6.8. Corporate
      Trustee Required; Eligibility.

     

    There
      shall at all times be a Trustee hereunder that is a Corporation organized and
      doing business under the laws of the United States of America, any state thereof
      or the District of Columbia, that is eligible under Section 310(a)(1) of
      the Trust Indenture Act to act as trustee under an indenture qualified under
      the
      Trust Indenture Act and that has a combined capital and surplus (computed in
      accordance with Section 310(a)(2) of the Trust Indenture Act) of at least
      $50,000,000, and that is subject to supervision or examination by Federal or
      state authority. 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 6.9. Resignation
      and Removal; Appointment of Successor.

     

    (1) 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 pursuant to Section 6.10.

     

    (2) The
      Trustee may resign at any time with respect to the Securities of one or more
      series by giving written notice thereof to the Company. If the instrument of
      acceptance by a successor Trustee required by Section 6.10 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 such
      series.

    
      
         

      

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

     

    (4) If
      at any
      time:

     

    (a) the
      Trustee shall fail to comply with the obligations imposed upon it under
      Section 310(b) of the Trust Indenture Act with respect to Securities of any
      series after written request therefor by the Company or any Holder of a Security
      of such series who has been a bona fide Holder of a Security of such series
      for
      at least six months, or

     

    (b) the
      Trustee shall cease to be eligible under Section 6.8 and shall fail to
      resign after written request therefor by the Company or any such Holder,
      or

     

    (c) the
      Trustee shall become incapable of acting or shall be adjudged a bankrupt or
      insolvent or a receiver of the Trustee or of its property shall be appointed
      or
      any public officer shall take charge or control of the Trustee or of its
      property or affairs for the purpose of rehabilitation, conservation or
      liquidation, then, in any such case, (i) the Company, by or pursuant to a
      Board Resolution, may remove the Trustee with respect to all Securities or
      the
      Securities of such series, or (ii) subject to Section 315(e) of the
      Trust Indenture Act, any Holder of a Security who has been a bona fide Holder
      of
      a Security of such series for at least six months may, on behalf of himself
      and
      all others similarly situated, petition any court of competent jurisdiction
      for
      the removal of the Trustee with respect to all Securities of such series and
      the
      appointment of a successor Trustee or Trustees.

     

    (5) If
      the
      Trustee shall resign, be removed or become incapable of acting, or if a vacancy
      shall occur in the office of Trustee for any cause, with respect to the
      Securities of one or more series, the Company, by or pursuant to a Board
      Resolution, shall promptly appoint a successor Trustee or Trustees with respect
      to the Securities of such series (it being understood that any such successor
      Trustee may be appointed with respect to the Securities of one or more or all
      of
      such series and that at any time there shall be only one Trustee with respect
      to
      the Securities of any particular series) and shall comply with the applicable
      requirements of Section 6.10. If, within one year after such resignation,
      removal or incapacity, or the occurrence of such vacancy, a successor Trustee
      with respect to the Securities of any series shall be appointed by Act of the
      Holders of a majority in principal amount of the Outstanding Securities of
      such
      series delivered to the Company and the retiring Trustee, the successor Trustee
      so appointed shall, forthwith upon its acceptance of such appointment in
      accordance with the applicable requirements of Section 6.10, become the
      successor Trustee with respect to the Securities of such series and to that
      extent supersede the successor Trustee appointed by the Company. If no successor
      Trustee with respect to the Securities of any series shall have been so
      appointed by the Company or the Holders of Securities and accepted appointment
      in the manner required by Section 6.10, any Holder of a Security who has
      been a bona fide Holder of a Security of such series for at least six months
      may, on behalf of himself and all others similarly situated, petition any court
      of competent jurisdiction for the appointment of a successor Trustee with
      respect to the Securities of such series.

     

    (6) The
      Company shall give notice of each resignation and each removal of the Trustee
      with respect to the Securities of any series and each appointment of a successor
      Trustee with respect to the Securities of any series by mailing written notice
      of such event by first-class mail, 

    
      
         

      

      
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    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 Securities
      of
      such series are issued 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 Securities of such series and the address of its Corporate Trust
      Office.

     

    (7) In
      no
      event shall any retiring Trustee be liable for the acts or omissions of any
      successor Trustee hereunder.

     

    Section 6.10. Acceptance
      of Appointment by Successor.

     

    (1) Upon
      the
      appointment hereunder of any successor Trustee with respect to all Securities,
      such successor Trustee so appointed shall execute, acknowledge and deliver
      to
      the Company and 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
      hereunder of the retiring Trustee; but, on the request of the Company or such
      successor Trustee, such retiring Trustee, upon payment of its charges, shall
      execute and deliver an instrument transferring to such successor Trustee all
      the
      rights, powers and trusts of the retiring Trustee and, subject to
      Section 10.3, shall duly assign, transfer and deliver to such successor
      Trustee all property and money held by such retiring Trustee hereunder, subject
      nevertheless to its claim, if any, provided for in
      Section 6.7.

     

    (2) Upon
      the
      appointment hereunder of any successor Trustee with respect to the Securities
      of
      one or more (but not all) series, the Company, the retiring Trustee and such
      successor Trustee 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, such successor Trustee all the rights,
      powers, trusts and duties of the retiring Trustee with respect to the Securities
      of that or those series to which the appointment of such successor Trustee
      relates, (2) if the retiring Trustee is not retiring with respect to all
      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 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, that each such Trustee
      shall be trustee of a trust or trusts hereunder separate and apart from any
      trust or trusts hereunder administered by any other such Trustee and that no
      Trustee shall be responsible for any notice given to, or received by, or any
      act
      or failure to act on the part of any other Trustee hereunder, and, upon the
      execution and delivery of such supplemental indenture, the resignation or
      removal of the retiring Trustee shall become effective to the extent provided
      therein, such retiring Trustee shall have no further responsibility for the
      exercise of rights and powers or for the performance of the duties and
      obligations vested in the Trustee under this Indenture with respect to the
      Securities of that or those series to which the appointment of such successor
      Trustee relates other than as hereinafter expressly set forth, 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
      with respect to the Securities of that or those series to which the appointment
      of such successor Trustee relates; but, on request of the Company or

    
      
         

      

      
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    such
      successor Trustee, such retiring Trustee, upon payment of its charges with
      respect to the Securities of that or those series to which the appointment
      of
      such successor Trustee relates and subject to Section 10.3 shall duly
      assign, transfer and deliver to such successor Trustee, to the extent
      contemplated by such supplemental indenture, the property and money held by
      such
      retiring Trustee hereunder with respect to the Securities of that or those
      series to which the appointment of such successor Trustee relates, subject
      to
      its claim, if any, provided for in Section 6.7.

     

    (3) Upon
      request of any Person appointed hereunder as a 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 (1) or (2) of this Section, as the case may
      be.

     

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

     

    Section 6.11. Merger,
      Conversion, Consolidation or Succession to Business.

     

    Any
      Corporation into which the Trustee may be merged or converted or with which
      it
      may be consolidated, or any Corporation resulting from any merger, conversion
      or
      consolidation to which the Trustee shall be a party, or any Corporation
      succeeding by sale or otherwise to all or substantially all of the corporate
      trust business of the Trustee shall be the successor of the Trustee hereunder,
      without the execution or filing of any paper or any further act on the part
      of
      any of the parties hereto. In case any Securities shall have been authenticated
      but not delivered by the Trustee then in office, any successor by merger,
      conversion or consolidation to such authenticating Trustee may adopt such
      authentication and deliver the Securities so authenticated with the same effect
      as if such successor Trustee had itself authenticated such
      Securities.

     

    Section 6.12. Appointment
      of Authenticating Agent.

     

    The
      Trustee may appoint one or more Authenticating Agents acceptable to the Company
      with respect to one or more series of Securities which shall be authorized
      to
      act on behalf of the Trustee to authenticate Securities of that or those series
      issued upon original issue, exchange, registration of transfer, partial
      redemption or partial repayment or pursuant to Section 3.6, and Securities
      so authenticated shall be entitled to the benefits of this Indenture and shall
      be valid and obligatory for all purposes as if authenticated by the Trustee
      hereunder. Wherever reference is made in this Indenture to the authentication
      and delivery of Securities by the Trustee or the Trustee's certificate of
      authentication, such reference shall be deemed to include authentication and
      delivery on behalf of the Trustee by an Authenticating Agent 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, except as provided
      in or pursuant to this Indenture, shall at all times be a Corporation that
      would
      be permitted by the Trust Indenture Act to act as trustee under an indenture
      qualified under the Trust Indenture Act, is authorized under applicable law
      and
      by its charter to act as an Authenticating Agent and has a combined capital
      and
      surplus (computed in accordance with Section 310(a)(2) of the Trust
      Indenture Act) of at least $50,000,000. If at any time an Authenticating Agent
      shall cease to be eligible in 

    
      
         

      

      
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    accordance
      with the provisions of this Section, it shall resign immediately in the manner
      and with the effect specified in this Section.

     

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

     

    An
      Authenticating Agent may resign at any time by giving written notice thereof
      to
      the Trustee and the Company. The Trustee may at any time terminate the agency
      of
      an Authenticating Agent by giving written notice thereof to such Authenticating
      Agent and the Company. Upon receiving such a notice of resignation or upon
      such
      a termination, or in case at any time such Authenticating Agent shall cease
      to
      be eligible in accordance with the provisions of this Section, the Trustee
      may
      appoint a successor Authenticating Agent which shall be acceptable to the
      Company and shall (i) mail written notice of such appointment by
      first-class mail, postage prepaid, to all Holders of Registered Securities,
      if
      any, of the series with respect to which such Authenticating Agent shall serve,
      as their names and addresses appear in the Security Register, and (ii) if
      Securities of the series are issued as Bearer Securities, publish notice of
      such
      appointment at least once in an Authorized Newspaper in the place where such
      successor Authenticating Agent has its principal office if such office is
      located outside the United States. Any successor Authenticating Agent, upon
      acceptance of its appointment hereunder, shall become vested with all the
      rights, powers and duties of its predecessor hereunder, with like effect as
      if
      originally named as an Authenticating Agent. No successor Authenticating Agent
      shall be appointed unless eligible under the provisions of this
      Section.

     

    The
      Company agrees to pay each Authenticating Agent from time to time reasonable
      compensation for its services under this Section. If the Trustee makes such
      payments, it shall be entitled to be reimbursed for such payments, subject
      to
      the provisions of Section 6.7.

     

    The
      provisions of Sections 3.8, 6.4 and 6.5 shall be applicable to each
      Authenticating Agent.

     

    If
      an
      Authenticating Agent is appointed with respect to one or more series of
      Securities pursuant to this Section, the Securities of such series may have
      endorsed thereon, in addition to or in lieu of the Trustee's certificate of
      authentication, an alternate certificate of authentication in substantially
      the
      following form:

     

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

    ____________________,

    as
      Trustee

    

    

    

    By

    as
      Authenticating Agent

    
      
         

      

      
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    By

    Authorized
      Officer

     

    If
      all of
      the Securities of any series may not be originally issued at one time, and
      if
      the Trustee does not have an office capable of authenticating Securities upon
      original issuance located in a Place of Payment where the Company wishes to
      have
      Securities of such series authenticated upon original issuance, the Trustee,
      if
      so requested in writing (which writing need not be accompanied by or contained
      in an Officer's Certificate by the Company), shall appoint in accordance with
      this Section an Authenticating Agent having an office in a Place of Payment
      designated by the Company with respect to such series of
      Securities.

     

    ARTICLE 7.

     

    HOLDERS
      LISTS AND REPORTS BY TRUSTEE AND COMPANY

     

    Section 7.1. Company
      to Furnish Trustee Names and Addresses of Holders.

     

    In
      accordance with Section 312(a) of the Trust Indenture Act, the Company
      shall furnish or cause to be furnished to the Trustee

     

    (1) semi-annually
      with respect to Securities of each series not later than May 1 and
      November 1 of the year or upon such other dates as are set forth in or
      pursuant to the Board Resolution or indenture supplemental hereto authorizing
      such series, a list, in each case in such form as the Trustee may reasonably
      require, of the names and addresses of Holders as of the applicable date,
      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 time such list is
      furnished,

     

    provided,
      however, that so long as the Trustee is the Security Registrar no such list
      shall be required to be furnished.

     

    Section 7.2. Preservation
      of Information; Communications to Holders.

     

    The
      Trustee shall comply with the obligations imposed upon it pursuant to
      Section 312 of the Trust Indenture Act.

     

    Every
      Holder of Securities or Coupons, by receiving and holding the same, agrees
      with
      the Company and the Trustee that none of the Company, the Trustee, any Paying
      Agent or any Security Registrar shall be held accountable by reason of the
      disclosure of any such information as to the names and addresses of the Holders
      of Securities in accordance with Section 312(c) of the Trust Indenture Act,
      regardless of the source from which such information was derived, and that
      the
      Trustee shall not be held accountable by reason of mailing any material pursuant
      to a request made under Section 312(b) of the Trust Indenture
      Act.

     

    
      
         

      

      
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    Section 7.3. Reports
      by Trustee.

     

    (1) Within
      60 days after September 15 of each year commencing with the first
      September 15 following the first issuance of Securities pursuant to
      Section 3.1, if required by Section 313(a) of the Trust Indenture Act,
      the Trustee shall transmit, pursuant to Section 313(c) of the Trust
      Indenture Act, a brief report dated as of such September 15 with respect to
      any of the events specified in said Section 313(a) which may have occurred
      since the later of the immediately preceding September 15 and the date of
      this Indenture.

     

    (2) The
      Trustee shall transmit the reports required by Section 313(a) of the Trust
      Indenture Act at the times specified therein.

     

    (3) Reports
      pursuant to this Section shall be transmitted in the manner and to the
      Persons required by Sections 313(c) and 313(d) of the Trust Indenture
      Act.

     

    Section 7.4. Reports
      by Company.

     

    The
      Company, pursuant to Section 314(a) of the Trust Indenture Act,
      shall:

     

    (1) file
      with
      the Trustee, within 15 days after the Company is required to file the same
      with the Commission, copies of the annual reports and of the information,
      documents and other reports (or copies of such portions of any of the foregoing
      as the Commission may from time to time by rules and regulations prescribe)
      which the Company may be required to file with the Commission pursuant to
      Section 13 or Section 15(d) of the Securities Exchange Act of 1934, as
      amended; or, if the Company is not required to file information, documents
      or
      reports pursuant to either of said Sections, then it shall file with the Trustee
      and the Commission, in accordance with rules and regulations prescribed from
      time to time by the Commission, such of the supplementary and periodic
      information, documents and reports which may be required pursuant to
      Section 13 of the Securities Exchange Act of 1934, as amended, in respect
      of a security listed and registered on a national securities exchange as may
      be
      prescribed from time to time in such rules and regulations;

     

    (2) file
      with
      the Trustee and the Commission, in accordance with rules and regulations
      prescribed from time to time by the Commission, such additional information,
      documents and reports with respect to compliance by the Company with the
      conditions and covenants of this Indenture as may be required from time to
      time
      by such rules and regulations; and

     

    (3) transmit
      within 30 days after the filing thereof with the Trustee, in the manner and
      to the extent provided in Section 313(c) of the Trust Indenture Act, such
      summaries of any information, documents and reports required to be filed by
      the
      Company pursuant to paragraphs (1) and (2) of this Section as may be
      required by rules and regulations prescribed from time to time by the
      Commission.

     

    
      
         

      

      
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    ARTICLE 8.

     

    CONSOLIDATION,
      MERGER AND SALES

     

    Section 8.1. Company
      May Consolidate, Etc., Only on Certain Terms.

     

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

     

    (1) in
      case
      the Company shall consolidate with or merge into another Person or convey,
      transfer or lease its properties and assets as an entirety or substantially
      as
      an entirety to any Person, the Person formed by such consolidation or into
      which
      the Company is merged or the Person which acquires by conveyance or transfer,
      or
      which leases, the properties and assets of the Company as an entirety or
      substantially as an entirety shall be a Corporation organized and existing
      under
      the laws of the United States of America or any state thereof or the District
      of
      Columbia and shall expressly assume, by an indenture (or indentures, if at
      such
      time there is more than one Trustee) supplemental hereto, executed by the
      successor Person and delivered to the Trustee the due and punctual payment
      of
      the principal of, any premium and interest on and any Additional Amounts with
      respect to all the Securities and the performance of every obligation in this
      Indenture and the Outstanding Securities on the part of the Company to be
      performed or observed and shall provide for conversion or exchange rights in
      accordance with the provisions of the Securities (and in the case of conversion
      Article 16 hereof as well) of any series that are convertible or
      exchangeable into Common Stock or other securities;

     

    (2) immediately
      after giving effect to such transaction and treating any indebtedness which
      becomes an obligation of the Company or a Subsidiary as a result of such
      transaction as having been incurred by the Company or such Subsidiary at the
      time of such transaction, no Event of Default or event which, after notice
      or
      lapse of time, or both, would become an Event of Default, shall have occurred
      and be continuing; and

     

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

     

    Section 8.2. Successor
      Person Substituted for Company.

     

    Upon
      any
      consolidation by the Company with or merger of the Company into any other Person
      or any conveyance, transfer or lease of the properties and assets of the Company
      substantially as an entirety to any Person in accordance with Section 8.1,
      the successor Person formed by such consolidation or into which the Company
      is
      merged or to which such conveyance, transfer or lease is made shall succeed
      to,
      and be substituted for, and may exercise every right and power of, the Company
      under this Indenture with the same effect as if such successor Person had been
      named as 

    
      
         

      

      
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    the
      Company herein; and thereafter, except in the case of a lease, the predecessor
      Person shall be released from all obligations and covenants under this
      Indenture, the Securities and the Coupons.

     

    ARTICLE 9.

     

    SUPPLEMENTAL
      INDENTURES

     

    Section 9.1. Supplemental
      Indentures Without Consent of Holders.

     

    Without
      the consent of any Holders of Securities or Coupons, the Company (when
      authorized by or pursuant to a Board Resolution) and the Trustee, at any time
      and from time to time, may enter into one or more indentures supplemental
      hereto, for any of the following purposes:

     

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

     

    (2) to
      add to
      the covenants of the Company for the benefit of the Holders of all or any series
      of Securities (as shall be specified in such supplemental indenture or
      indentures) or to surrender any right or power herein conferred upon the
      Company; or

     

    (3) to
      add to
      or change any of the provisions of this Indenture to provide that Bearer
      Securities may be registrable as to principal, to change or eliminate any
      restrictions on the payment of principal of, any premium or interest on or
      any
      Additional Amounts with respect to Securities, to permit Bearer Securities
      to be
      issued in exchange for Registered Securities, to permit Bearer Securities to
      be
      exchanged for Bearer Securities of other authorized denominations or to permit
      or facilitate the issuance of Securities in uncertificated form, provided any
      such action shall not adversely affect the interests of the Holders of
      Outstanding Securities of any series or any Coupons appertaining thereto in
      any
      material respect; or 

     

    (4) to
      establish the form or terms of Securities of any series and any Coupons
      appertaining thereto as permitted by Sections 2.1 and 3.1; or

     

    (5) to
      evidence and provide for the acceptance of appointment hereunder by a successor
      Trustee with respect to the Securities of one or more series and to add to
      or
      change any of the provisions of this Indenture as 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 6.10; or

     

    (6) to
      cure
      any ambiguity or 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 adversely affect the interests of the Holders of Securities
      of
      any series then Outstanding or any Coupons appertaining thereto in any material
      respect; or

     

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

    
      
         

      

      
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    (8) to
      add
      any additional Events of Default with respect to all or any series of Securities
      (as shall be specified in such supplemental indenture); or

     

    (9) to
      supplement any of the provisions of this Indenture to such extent as shall
      be
      necessary to permit or facilitate the defeasance and discharge of any series
      of
      Securities pursuant to Article 4, provided that any such action shall not
      adversely affect the interests of any Holder of an Outstanding Security of
      such
      series and any Coupons appertaining thereto or any other Outstanding Security
      or
      Coupon in any material respect; or

     

    (10) to
      secure
      the Securities pursuant to Section 10.5 or otherwise; or

     

    (11) to
      make
      provisions with respect to conversion or exchange rights of Holders of
      Securities pursuant to Article 16; or

     

    (12) to
      amend
      or supplement any provision contained herein or in any supplemental indenture,
      provided that no such amendment or supplement shall materially adversely affect
      the interests of the Holders of any Securities then Outstanding.

     

    Section 9.2. Supplemental
      Indentures With Consent of Holders.

     

    With
      the
      consent of the Holders of not less than a majority in principal amount of the
      Outstanding Securities of each series affected by such supplemental indenture,
      by Act of said Holders delivered to the Company and the Trustee, the Company
      (when authorized by or pursuant to a Company's Board Resolution) and the Trustee
      may enter into an indenture or indentures supplemental hereto for the purpose
      of
      adding any provisions to or changing in any manner or eliminating any of the
      provisions of this Indenture or of modifying in any manner the rights of the
      Holders of Securities of such series under this Indenture or of the Securities
      of such series; provided, however, that no such supplemental indenture, without
      the consent of the Holder of each Outstanding Security affected thereby,
      shall

     

    (1) change
      the Stated Maturity of the principal of, or any premium or installment of
      interest on or any Additional Amounts with respect to, any Security, or reduce
      the principal amount thereof or the rate (or modify the calculation of such
      rate) of interest thereon or any Additional Amounts with respect thereto, or
      any
      premium payable upon the redemption thereof or otherwise, or change the
      obligation of the Company to pay Additional Amounts pursuant to the terms hereof
      (except as contemplated by Section 8.1(1) and permitted by
      Section 9.1(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 5.2 or the amount
      thereof provable in bankruptcy pursuant to Section 5.4, change the
      redemption provisions or adversely affect the right of repayment at the option
      of any Holder as contemplated by Article 13, or change the Place of
      Payment, Currency in which the principal of, any premium or interest on, or
      any
      Additional Amounts with respect to any Security is payable, or impair the right
      to institute suit for the enforcement of any such payment on or after the Stated
      Maturity thereof (or, in the case of redemption, on or after the Redemption
      Date
      or, in the case of repayment at the option of the Holder, on or after the date
      for repayment), or modify the provisions of this Indenture with respect to
      the
      subordination of the Securities in a material manner adverse to the Holders,
      or

    
      
         

      

      
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    (2) reduce
      the percentage in principal amount of the Outstanding 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 15.4 for quorum or voting, or

     

    (3) modify
      any of the provisions of this Section, Section 5.13 or Section 10.8,
      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 Security affected thereby, or

     

    (4) make
      any
      change that adversely affects the right to convert or exchange any Security
      into
      or for securities of the Company or other securities (whether or not issued
      by
      the Company), cash or property in accordance with its terms (except as otherwise
      provided in Section 9.1(11)).

     

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

     

    It
      shall
      not be necessary for any Act of Holders of 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 9.3. Execution
      of Supplemental Indentures.

     

    As
      a
      condition to executing, or accepting the additional trusts created by, any
      supplemental indenture permitted by this Article or the modifications thereby
      of
      the trust created by this Indenture, the Trustee shall be entitled to receive,
      and (subject to Section 315 of the Trust Indenture Act) 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 and
      an
      Officer's Certificate stating that all conditions precedent to the execution
      of
      such supplemental indenture have been fulfilled. 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 9.4. 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 a Security
      theretofore or thereafter authenticated and delivered hereunder and of any
      Coupon appertaining thereto shall be bound thereby.

     

    
      
         

      

      
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    Section 9.5. Reference
      in Securities to Supplemental Indentures.

     

    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 Securities of any series so modified as to conform, in the opinion of the
      Trustee and the Company, to any such supplemental indenture may be prepared
      and
      executed by the Company and authenticated and delivered by the Trustee in
      exchange for Outstanding Securities of such series.

     

    Section 9.6. 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 9.7. Notice
      of Supplemental Indenture.

     

    Promptly
      after the execution by the Company and the Trustee of any supplemental indenture
      pursuant to Section 9.2, the Company shall transmit to the Holders of
      Outstanding Securities of any series affected thereby a notice setting forth
      the
      substance of such supplemental indenture.

     

    ARTICLE 10.

     

    COVENANTS

     

    Section 10.1. Payment
      of Principal, Any Premium, Interest and Additional
      Amounts.

     

    The
      Company covenants and agrees for the benefit of the Holders of the Securities
      of
      each series that it will duly and punctually pay the principal of, any premium
      and interest on and any Additional Amounts with respect to the Securities of
      such series in accordance with the terms thereof, any Coupons appertaining
      thereto and this Indenture. Any interest due on any Bearer Security on or before
      the Maturity thereof, and any Additional Amounts payable with respect to such
      interest, shall be payable only upon presentation and surrender of the Coupons
      appertaining thereto for such interest as they severally mature.

     

    Section 10.2. Maintenance
      of Office or Agency.

     

    The
      Company shall maintain in each Place of Payment for any series of Securities
      an
      Office or Agency where Securities of such series (but not Bearer Securities,
      except as otherwise provided below, unless such Place of Payment is located
      outside the United States) may be presented or surrendered for payment, where
      Securities of such series may be surrendered for registration of transfer or
      exchange, where Securities of such series that are convertible or exchangeable
      may be surrendered for conversion or exchange, and where notices and demands
      to
      or upon the Company in respect of the Securities of such series relating thereto
      and this Indenture may be served. If Securities of a series are issuable as
      Bearer Securities, the Company shall 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 Securities of
      such
      series and any Coupons appertaining thereto may be presented and surrendered
      for
      payment; provided, however, that if the Securities of such series are listed
      on
      The Stock Exchange of the United Kingdom and the Republic 

    
      
         

      

      
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    of
      Ireland or the Luxembourg Stock Exchange or any other stock exchange located
      outside the United States and such stock exchange shall so require, the Company
      shall maintain a Paying Agent in London, Luxembourg or any other required city
      located outside the United States, as the case may be, so long as the 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 such
      Office or Agency. If at any time the Company shall fail to maintain any such
      required Office or Agency or shall fail to furnish the Trustee with the address
      thereof, such presentations, surrenders, notices and demands may be made or
      served at the Corporate Trust Office of the Trustee, except that Bearer
      Securities of such series and any Coupons appertaining thereto may be presented
      and surrendered for payment at the place specified for the purpose with respect
      to such Securities as provided in or pursuant to this Indenture, and the Company
      hereby appoints the Trustee as its agent to receive all such presentations,
      surrenders, notices and demands.

     

    Except
      as
      otherwise provided in or pursuant to this Indenture, no payment of principal,
      premium, interest or Additional Amounts with respect to Bearer Securities shall
      be made at any Office or Agency 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, if amounts owing with respect
      to any Bearer Securities shall be payable in Dollars, payment of principal
      of,
      any premium or interest on and any Additional Amounts with respect to any such
      Security may be made at the Corporate Trust Office of the Trustee or any Office
      or Agency designated by the Company in the Borough of Manhattan, The City of
      New
      York, if (but only if) payment of the full amount of such principal, premium,
      interest or Additional Amounts at all offices outside the United States
      maintained for such purpose by the Company in accordance with this Indenture
      is
      illegal or effectively precluded by exchange controls or other similar
      restrictions.

     

    The
      Company may also from time to time designate one or more other Offices or
      Agencies where the Securities of one or more series may be presented or
      surrendered for any or all such purposes and may from time to time rescind
      such
      designations; provided, however, that no such designation or rescission shall
      in
      any manner relieve the Company of its obligation to maintain an Office or Agency
      in each Place of Payment for Securities of any series for such purposes. The
      Company shall give prompt written notice to the Trustee of any such designation
      or rescission and of any change in the location of any such other Office or
      Agency. Unless otherwise provided in or pursuant to this Indenture, the Company
      hereby designates as the Place of Payment for each series of Securities the
      Borough of Manhattan, The City of New York, and initially appoints the Corporate
      Trust Office of the Trustee as the Office or Agency of the Company in the
      Borough of Manhattan, The City of New York for such purpose. The Company may
      subsequently appoint a different Office or Agency in the Borough of Manhattan,
      The City of New York for the Securities of any series.

     

    Unless
      otherwise specified with respect to any Securities pursuant to Section 3.1,
      if and so long as the Securities of any series (i) are denominated in a
      Foreign Currency or (ii) may be payable in a Foreign Currency, or so long
      as it is required under any other provision of this Indenture, then the Company
      will maintain with respect to each such series of Securities, or as so required,
      at least one exchange rate agent.

     

    
      
         

      

      
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    Section 10.3. Money
      for 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 Securities, it shall, on or before each due date of the principal of, any
      premium or interest on or Additional Amounts with respect to any of the
      Securities of such series, segregate and hold in trust for the benefit of the
      Persons entitled thereto a sum in the currency or currencies, currency unit
      or
      units or composite currency or currencies in which the Securities of such series
      are payable (except as otherwise specified pursuant to Section 3.1 for the
      Securities of such series) sufficient to pay the principal or any premium,
      interest or Additional Amounts so becoming due until such sums shall be paid
      to
      such Persons or otherwise disposed of as herein provided, and shall promptly
      notify the Trustee of its action or failure so to act.

     

    Whenever
      the Company shall have one or more Paying Agents for any series of Securities,
      it shall, on or prior to each due date of the principal of, any premium or
      interest on or any Additional Amounts with respect to any Securities of such
      series, deposit with any Paying Agent a sum (in the currency or currencies,
      currency unit or units or composite currency or currencies described in the
      preceding paragraph) sufficient to pay the principal or any premium, interest
      or
      Additional Amounts so becoming due, such sum to be held in trust for the benefit
      of the Persons entitled thereto, 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 shall cause each Paying Agent for any series of Securities other than
      the Trustee to execute and deliver to the Trustee an instrument in which such
      Paying Agent shall agree with the Trustee, subject to the provisions of this
      Section, that such Paying Agent shall:

     

    (1) hold
      all
      sums held by it for the payment of the principal of, any premium or interest
      on
      or any Additional Amounts with respect to 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 provided in or pursuant to this
      Indenture;

     

    (2) give
      the
      Trustee notice of any default by the Company (or any other obligor upon the
      Securities of such series) in the making of any payment of principal, any
      premium or interest on or any Additional Amounts with respect to the 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 obtaining the satisfaction and
      discharge of this Indenture or for any other purpose, pay, or by Company Order
      direct any Paying Agent to pay, to the Trustee all sums held in trust by the
      Company or such Paying Agent, such sums to be held by the Trustee upon the
      same
      terms 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
      sums.

     

    Except
      as
      otherwise provided herein or pursuant hereto, 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, any premium or interest on or any Additional
      Amounts with respect to any Security of any series or any Coupon appertaining
      thereto and remaining unclaimed for two years after such principal or

    
      
         

      

      
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    any
      such
      premium or interest or any such Additional Amounts shall have 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 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, 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 in each Place of Payment for such series or to be mailed
      to
      Holders of Registered Securities of such series, 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 nor shall it
      be later than two years after such principal and any premium or interest or
      Additional Amounts shall have become due and payable, any unclaimed balance
      of
      such money then remaining will be repaid to the Company.

     

    Section 10.4. Additional
      Amounts.

     

    If
      any
      Securities of a series provide for the payment of Additional Amounts, the
      Company agrees to pay to the Holder of any such Security or any Coupon
      appertaining thereto Additional Amounts as provided in or pursuant to this
      Indenture or such Securities. Whenever in this Indenture there is mentioned,
      in
      any context, the payment of the principal of or any premium or interest on,
      or
      in respect of, any Security of any series or any Coupon or the net proceeds
      received on the sale or exchange of any Security of any series, such mention
      shall be deemed to include mention of the payment of Additional Amounts provided
      by the terms of such series established hereby or pursuant hereto to the extent
      that, in such context, Additional Amounts are, were or would be payable in
      respect thereof pursuant to such terms, and express mention of the payment
      of
      Additional Amounts (if applicable) in any provision hereof shall not be
      construed as excluding Additional Amounts in those provisions hereof where
      such
      express mention is not made.

     

    Except
      as
      otherwise provided in or pursuant to this Indenture or the Securities of the
      applicable series, if the Securities of a series provide for the payment of
      Additional Amounts, at least 10 days prior to the first Interest Payment
      Date with respect to such series of Securities (or if the Securities of such
      series shall not bear interest prior to Maturity, the first day on which a
      payment of principal is made), and at least 10 days prior to each date of
      payment of principal or interest if there has been any change with respect
      to
      the matters set forth in the below-mentioned Officer's Certificate, the Company
      shall furnish to the Trustee and the principal Paying Agent or Paying Agents,
      if
      other than the Trustee, an Officer's 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 Securities of such series shall be made
      to
      Holders of Securities of such series or the Coupons appertaining thereto who
      are
      United States Aliens without withholding for or on account of any tax,
      assessment or other governmental charge described in the Securities of such
      series. If any such withholding shall be required, then such Officer's
      Certificate shall specify by country the amount, if any, required to be withheld
      on such payments to such Holders of Securities or Coupons, and the Company
      agrees to pay to the Trustee or such Paying Agent the Additional Amounts
      required by the terms of such Securities. 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 Officer's Certificate furnished pursuant to this
      Section 10.4.

     

    
      
         

      

      
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    Section 10.5. Limitation
      on Mortgages and Liens.

     

    The
      Company will not at any time directly or indirectly issue, assume, guarantee
      or
      permit to exist any indebtedness secured by a mortgage, pledge, lien or other
      encumbrance (any mortgage, pledge, lien or other encumbrance being hereinafter
      in this Section referred to as a "lien") on any of its property or assets
      or any property or assets of a Restricted Subsidiary, whether now owned or
      hereafter acquired, without making effective provisions whereby the Securities
      then outstanding (and, if the Company so elects, any other indebtedness ranking
      on a parity with the Securities) shall be equally and ratably secured with
      any
      such secured indebtedness, so long as any such other indebtedness shall be
      secured; provided, however, that the foregoing covenant shall not be applicable
      to the following:

     

    (1) liens
      in
      existence on the date of this Indenture; or

     

    (2) liens
      on
      real estate (including liens existing in respect of such real estate at the
      time
      of acquisition thereof) securing indebtedness in an amount not in excess of
      100%
      of the fair value of the real estate at the time of creation of such
      indebtedness (as determined by the Board of Directors); or

     

    (3) liens
      arising from the acquisition of a business as a going concern (whether by
      merger, acquisition of a controlling stock interest, acquisition of assets
      or
      otherwise) or to which assets acquired by the Company or a Restricted Subsidiary
      in partial or complete satisfaction of secured indebtedness are subject;
      or

     

    (4) liens
      to
      secure the extension, renewal or replacement of any indebtedness secured by
      any
      of the liens referred to in (1), (2) or (3) above, provided that there
      shall not be an increase in the amount of indebtedness secured by such
      extension, renewal or replacement; or

     

    (5) liens
      of
      taxes or assessments or governmental charges or levies not then due and
      delinquent or the validity of which is being contested in good faith or which
      are less than $10,000,000 in amount; pledges or deposits to secure public or
      statutory obligations including liens and deposits required or provided for
      under state insurance laws and similar regulatory statutes; materialmen's,
      mechanics', carrier's, workmen's, repairmen's or other like liens, and pledges
      or deposits made in the ordinary course of business to obtain the release of
      such liens; liens created by or resulting from any litigation or legal
      proceeding which is being contested in good faith by appropriate proceedings
      or
      which involve claims of less than $10,000,000; deposits to secure (or in lieu
      of) surety, stay, appeal or customs bonds; deposits to secure the payment of
      taxes, assessments, customs duties or other similar charges; landlords liens
      on
      property held under lease; and any other liens similar to those described in
      this clause (5), the existence of which does not, in the opinion of the
      Company, materially impair the use by the Company or the Restricted Subsidiary
      of the affected property in the operation of its business, or the value of
      such
      property for the purpose of such business.

     

    Section 10.6. Limitation
      Upon Sales of Capital Stock of Restricted Subsidiaries.

     

    The
      Company will not sell, transfer or otherwise dispose of (except to a Restricted
      Subsidiary), and it will not permit any Restricted Subsidiary to sell, transfer
      or otherwise dispose of (except to the Company or to a Restricted Subsidiary),
      all or any portion of the shares of Capital 

    
      
         

      

      
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    Stock
      of
      a Restricted Subsidiary, unless such Capital Stock shall be disposed of for
      a
      consideration consisting of cash or other property, which, in the opinion of
      the
      Board of Directors, is at least equal to the fair value thereof.

     

    For
      the
      purposes of this Indenture, "Restricted Subsidiary" shall mean a Subsidiary
      including Subsidiaries of any Subsidiary, which meets any of the following
      conditions:

     

    (1) the
      Company's and its other Subsidiaries' investments in and advances to the
      Subsidiary exceed 10% of the total assets of the Company and its Subsidiaries
      consolidated as of the end of the most recently completed fiscal year;
      or

     

    (2) the
      Company's and its other Subsidiaries' proportionate share of the total assets
      (after inter-company eliminations) of the Subsidiary exceeds 10% of the total
      assets of the Company and its Subsidiaries consolidated as of the end of the
      most recently completed fiscal year; or

     

    (3) the
      Company's and its other Subsidiaries' equity in the income from continuing
      operations before income taxes, extraordinary items and cumulative effect of
      a
      change in accounting principle of the Subsidiary exceeds 10% of such income
      of
      the Company and its Subsidiaries consolidated for the most recently completed
      fiscal year.

     

    For
      purposes of making the prescribed income test in clause (3) of the
      preceding sentence, when a loss has been incurred by either the Company and
      its
      Subsidiaries consolidated or the tested Subsidiary, but not both, the equity
      in
      the income or loss of the tested subsidiary shall be excluded from the income
      of
      the Company and its Subsidiaries consolidated for purposes of the computation
      and if income of the Company and its Subsidiaries consolidated for the most
      recent fiscal year is at least 10% lower than the average of the income for
      the
      last five years, such average income shall be substituted for purposes of the
      computation and any loss years shall be omitted for purposes of computing
      average income.

     

    Section 10.7. Corporate
      Existence.

     

    Subject
      to Article 8, the Company shall do or cause to be done all things necessary
      to preserve and keep in full force and effect its corporate existence and that
      of each of its Restricted Subsidiaries and their respective rights (charter
      and
      statutory) and franchises; provided, however, that the foregoing shall not
      obligate the Company or any of its Restricted Subsidiaries to preserve any
      such
      right or franchise if the Company or any such Restricted Subsidiary shall
      determine that the preservation thereof is no longer desirable in the conduct
      of
      its business or the business of such Restricted Subsidiary and that the loss
      thereof is not disadvantageous in any material respect to any
      Holder.

     

    Section 10.8. Waiver
      of Certain Covenants.

     

    The
      Company may omit in any particular instance to comply with any term, provision
      or condition set forth in Section 10.5, 10.6 or 10.7 with respect to the
      Securities of any series if before the time for such compliance the Holders
      of
      at least a majority in principal amount of the Outstanding Securities of such
      series, by Act of such Holders, either shall waive such compliance in such
      instance or generally shall have waived compliance with such term, provision
      or
      condition, but 

    
      
         

      

      
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    no
      such
      waiver shall extend to or affect such term, provision or condition except to
      the
      extent so expressly waived, and, until such waiver shall become effective,
      the
      obligations of the Company and the duties of the Trustee in respect of any
      such
      term, provision or condition shall remain in full force and effect.

     

    Section 10.9. Company
      Statement as to Compliance; Notice of Certain Defaults.

     

    (1) The
      Company shall deliver to the Trustee, within 120 days after the end of each
      fiscal year, a written statement (which need not be contained in or accompanied
      by an Officer's Certificate) signed by the principal executive officer, the
      principal financial officer or the principal accounting officer of the Company,
      stating that

     

    (a) a
      review
      of the activities of the Company during such year and of its performance under
      this Indenture has been made under his or her supervision, and

     

    (b) to
      the
      best of his or her knowledge, based on such review, (a) the Company has
      complied with all the conditions and covenants imposed on it under this
      Indenture throughout such year, or, if there has been a default in the
      fulfillment of any such condition or covenant, specifying each such default
      known to him or her and the nature and status thereof, and (b) no event has
      occurred and is continuing which is, or after notice or lapse of time or both
      would become, an Event of Default, or, if such an event has occurred and is
      continuing, specifying each such event known to him and the nature and status
      thereof.

     

    (2) The
      Company shall deliver to the Trustee, within five days after the occurrence
      thereof, written notice of any Event of Default or any event which after notice
      or lapse of time or both would become an Event of Default pursuant to
      clause (4) of Section 5.1.

     

    (3) The
      Trustee shall have no duty to monitor the Company's compliance with the
      covenants contained in this Article 10 other than as specifically set forth
      in this Section 10.9.

     

    ARTICLE 11.

     

    REDEMPTION
      OF SECURITIES

     

    Section 11.1. Applicability
      of Article.

     

    Redemption
      of Securities of any series at the option of the Company as permitted or
      required by the terms of such Securities shall be made in accordance with the
      terms of such Securities and (except as otherwise provided herein or pursuant
      hereto) this Article.

     

    Section 11.2. Election
      to Redeem; Notice to Trustee.

     

    The
      election of the Company to redeem any Securities shall be evidenced by or
      pursuant to a Board Resolution. In case of any redemption at the election of
      the
      Company of (a) less than all of the Securities of any series or
      (b) all of the Securities of any series, with the same issue date, interest
      rate or formula, Stated Maturity and other terms, the Company shall, at least
      60 days prior to the Redemption Date fixed by the Company (unless a shorter
      notice shall be satisfactory to the Trustee), notify the Trustee of such
      Redemption Date and of the principal amount of Securities of such series to
      be
      redeemed.

     

    
      
         

      

      
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    Section 11.3. Selection
      by Trustee of Securities to be Redeemed.

     

    Unless
      otherwise specified as contemplated by Section 3.1, if less than all of the
      Securities of any series with the same issue date, interest rate or formula,
      Stated Maturity and other terms are to be redeemed, the particular Securities
      to
      be redeemed shall be selected not more than 60 days prior to the Redemption
      Date by the Trustee from the Outstanding Securities of such series not
      previously called for redemption, by such method as the Trustee shall deem
      fair
      and appropriate and which may provide for the selection for redemption of
      portions of the principal amount of Registered Securities of such series;
      provided, however, that no such partial redemption shall reduce the portion
      of
      the principal amount of a Registered Security of such series not redeemed to
      less than the minimum denomination for a Security of such series established
      herein or pursuant hereto.

     

    The
      Trustee shall promptly notify the Company and the Security Registrar (if other
      than itself) in writing of the Securities selected for redemption and, in the
      case of any Securities selected for partial redemption, the principal amount
      thereof to be redeemed.

     

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

     

    Unless
      otherwise specified in or pursuant to this Indenture or the Securities of any
      series, if any Security selected for partial redemption is converted into other
      securities of the Company or exchanged for securities of another issuer in
      part
      before termination of the conversion or exchange right with respect to the
      portion of the Security so selected, the converted portion of such Security
      shall be deemed (so far as may be) to be the portion selected for redemption.
      Securities which have been converted or exchanged during a selection of
      Securities to be redeemed shall be treated by the Trustee as Outstanding for
      the
      purpose of such selection.

     

    Section 11.4. Notice
      of Redemption.

     

    Notice
      of
      redemption shall be given in the manner provided in Section 1.6, not less
      than 30 nor more than 60 days prior to the Redemption Date, unless a
      shorter period is specified in the Securities to be redeemed, to the Holders
      of
      Securities to be redeemed. Failure to give notice by mailing in the manner
      herein provided to the Holder of any Registered Securities designated for
      redemption as a whole or in part, or any defect in the notice to any such
      Holder, shall not affect the validity of the proceedings for the redemption
      of
      any other Securities or portion thereof.

     

    Any
      notice that is mailed to the Holder of any Registered Securities in the manner
      herein provided shall be conclusively presumed to have been duly given, whether
      or not such Holder receives the notice.

     

    All
      notices of redemption shall state:

     

    (1) the
      Redemption Date,

     

    (2) the
      Redemption Price,

    
      
         

      

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

     

    (4) in
      case
      any Security is to be redeemed in part only, the notice which relates to such
      Security shall state that on and after the Redemption Date, upon surrender
      of
      such Security, the Holder of such Security will receive, without charge, a
      new
      Security or Securities of authorized denominations for the principal amount
      thereof remaining unredeemed,

     

    (5) that,
      on
      the Redemption Date, the Redemption Price shall become due and payable upon
      each
      such Security or portion thereof to be redeemed, and, if applicable, that
      interest thereon shall cease to accrue on and after said date,

     

    (6) the
      place
      or places where such Securities, together (in the case of Bearer Securities)
      with all Coupons appertaining thereto, if any, maturing after the Redemption
      Date, are to be surrendered for payment of the Redemption Price and any accrued
      interest and Additional Amounts pertaining thereto,

     

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

     

    (8) that,
      unless otherwise specified in such notice, Bearer Securities of any series,
      if
      any, surrendered for redemption must be accompanied by all Coupons maturing
      subsequent to the date fixed for redemption or the amount of any such missing
      Coupon or Coupons will be deducted from the Redemption Price, unless security
      or
      indemnity satisfactory to the Company, the Trustee and any Paying Agent is
      furnished,

     

    (9) if
      Bearer
      Securities of any series are to be redeemed and no Registered Securities of
      such
      series are to be redeemed, and if such Bearer Securities may be exchanged for
      Registered Securities not subject to redemption on the Redemption Date pursuant
      to Section 3.5 or otherwise, the last date, as determined by the Company,
      on which such exchanges may be made,

     

    (10) in
      the
      case of Securities of any series that are convertible into Common Stock of
      the
      Company or exchangeable for other securities, the conversion or exchange price
      or rate, the date or dates on which the right to convert or exchange the
      principal of the Securities of such series to be redeemed will commence or
      terminate and the place or places where such Securities may be surrendered
      for
      conversion or exchange, and

     

    (11) the
      CUSIP
      number or the Euroclear or the Cedel reference numbers of such Securities,
      if
      any (or any other numbers used by a Depository to identify such
      Securities).

     

    A
      notice
      of redemption published as contemplated by Section 1.6 need not identify
      particular Registered Securities to be redeemed.

     

    Notice
      of
      redemption of 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.

     

    
      
         

      

      
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    Section 11.5. Deposit
      of Redemption Price.

     

    On
      or
      prior to any Redemption Date, the Company shall deposit, with respect to the
      Securities of any series called for redemption pursuant to Section 11.4,
      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 10.3) an
      amount of money in the applicable Currency sufficient to pay the Redemption
      Price of, and (except if the Redemption Date shall be an Interest Payment Date,
      unless otherwise specified pursuant to Section 3.1 or in the Securities of
      such series) any accrued interest on and Additional Amounts with respect
      thereto, all such Securities or portions thereof which are to be redeemed on
      that date, other than any Securities called for redemption on that date which
      have been converted prior to the date of such deposit (as described in
      Section 11.3).

     

    If
      any
      Security called for redemption is converted, any money deposited with the
      Trustee or with any Paying Agent or so segregated and held in trust for the
      redemption of such Security shall (subject to any right of the Holder of such
      Security or any Predecessor Security to receive interest as provided in the
      last
      paragraph of Section 3.7) be paid to the Company upon Company Request or,
      if then held by the Company, shall be discharged from such trust.

     

    Section 11.6. Securities
      Payable on Redemption Date.

     

    Notice
      of
      redemption having been given as aforesaid, the Securities so 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
      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 Security for
      redemption in accordance with said notice, together with all Coupons, if any,
      appertaining thereto maturing after the Redemption Date, such Security shall
      be
      paid by the Company at the Redemption Price, together with any accrued interest
      and Additional Amounts to the Redemption Date; provided, however, that, except
      as otherwise provided in or pursuant to this Indenture or the Bearer Securities
      of such series, 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 10.2), and provided, further, that, except as otherwise specified
      in or pursuant to this Indenture or the Registered Securities of such series,
      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 Securities,
      or one or more Predecessor Securities, registered as such at the close of
      business on the Regular Record Dates therefor according to their terms and
      the
      provisions of Section 3.7.

     

    If
      any
      Bearer Security surrendered for redemption shall not be accompanied by all
      appurtenant Coupons maturing after the Redemption Date, such Security may be
      paid after deducting from the Redemption 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 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; provided, however, that any interest
      or Additional Amounts represented by Coupons shall be payable 

    
      
         

      

      
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    only
      upon
      presentation and surrender of those Coupons at an Office or Agency for such
      Security located outside of the United States except as otherwise provided
      in
      Section 10.2.

     

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

     

    Section 11.7. Securities
      Redeemed in Part.

     

    Any
      Registered Security which is to be redeemed only in part shall be surrendered
      at
      any Office or Agency for such Security (with, if the Company or the Trustee
      so
      requires, due endorsement by, or a written instrument of transfer in form
      satisfactory to the Company and the Trustee duly executed by, the Holder thereof
      or his attorney duly authorized in writing) and the Company shall execute and
      the Trustee shall authenticate and deliver to the Holder of such Security
      without service charge, a new Registered Security or Securities of the same
      series, containing identical terms and provisions, of any authorized
      denomination as requested by such Holder in aggregate principal amount equal
      to
      and in exchange for the unredeemed portion of the principal of the Security
      so
      surrendered. If a Security in global form is so surrendered, the Company shall
      execute, and the Trustee shall authenticate and deliver to the
      U.S. Depository or other Depository for such Security in global form as
      shall be specified in the Company Order with respect thereto to the Trustee,
      without service charge, a new Security in global form in a denomination equal
      to
      and in exchange for the unredeemed portion of the principal of the Security
      in
      global form so surrendered.

     

    ARTICLE 12.

     

    SINKING
      FUNDS

     

    Section 12.1. Applicability
      of Article.

     

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

     

    The
      minimum amount of any sinking fund payment provided for by the terms of
      Securities of any series is herein referred to as a "mandatory sinking fund
      payment," and any payment in excess of such minimum amount provided for by
      the
      terms of Securities of such series is herein referred to as an "optional sinking
      fund payment". If provided for by the terms of Securities of any series, the
      cash amount of any sinking fund payment may be subject to reduction as provided
      in Section 12.2. Each sinking fund payment shall be applied to the
      redemption of Securities of any series as provided for by the terms of
      Securities of such series and this Indenture.

     

    Section 12.2. Satisfaction
      of Sinking Fund Payments With Securities.

     

    The
      Company may, in satisfaction of all or any part of any sinking fund payment
      with
      respect to the Securities of any series to be made pursuant to the terms of
      such
      Securities (1) deliver Outstanding Securities of such series (other than
      any of such Securities previously called for redemption or any of such
      Securities in respect of which cash shall have been released to the Company),
      together in the case of any Bearer Securities of such series with all unmatured
      Coupons 

    
      
         

      

      
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    appertaining
      thereto, and (2) apply as a credit Securities of such series which have
      been converted pursuant to Article 16 or which have been redeemed either at
      the election of the Company pursuant to the terms of such series of Securities
      or through the application of permitted optional sinking fund payments pursuant
      to the terms of such Securities, provided that such series of Securities have
      not been previously so credited. Such Securities shall be received and credited
      for such purpose by the Trustee at the Redemption Price specified in such
      Securities for redemption through operation of the sinking fund and the amount
      of such sinking fund payment shall be reduced accordingly. If, as a result
      of
      the delivery or credit of Securities of any series in lieu of cash payments
      pursuant to this Section 12.2, the principal amount of Securities of such
      series to be redeemed in order to satisfy the remaining sinking fund payment
      shall be less than $100,000, the Trustee need not call Securities of such series
      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 Securities of that series purchased by the Company
      having an unpaid principal amount equal to the cash payment requested to be
      released to the Company.

     

    Section 12.3. Redemption
      of Securities for Sinking Fund.

     

    Not
      less
      than 75 days prior to each sinking fund payment date for any series of
      Securities, the Company shall deliver to the Trustee an Officer's Certificate
      specifying the amount of the next ensuing mandatory sinking fund payment for
      that series pursuant to the terms of that series, the portion thereof, if any,
      which is to be satisfied by payment of cash and the portion thereof, if any,
      which is to be satisfied by delivering and crediting of Securities of that
      series pursuant to Section 12.2, and the optional amount, if any, to be
      added in cash to the next ensuing mandatory sinking fund payment, and will
      also
      deliver to the Trustee any Securities to be so credited and not theretofore
      delivered. If such Officer's Certificate shall specify an optional amount to
      be
      added in cash to the next ensuing mandatory sinking fund payment, the Company
      shall thereupon be obligated to pay the amount therein specified. Not less
      than
      60 days before each such sinking fund payment date the Trustee shall select
      the Securities to be redeemed upon such sinking fund payment date in the manner
      specified in Section 11.3 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 11.4. Such notice having been duly given, the redemption of such
      Securities shall be made upon the terms and in the manner stated in
      Sections 11.6 and 11.7.

     

    ARTICLE 13.

     

    REPAYMENT
      AT THE OPTION OF HOLDERS

     

    Section 13.1. Applicability
      of Article.

     

    Securities
      of any series which are repayable at the option of the Holders thereof before
      their Stated Maturity shall be repaid in accordance with the terms of the
      Securities of such series. The repayment of any principal amount of Securities
      pursuant to such option of the Holder to require repayment of Securities before
      their Stated Maturity, for purposes of Section 3.9, shall not operate as a
      payment, redemption or satisfaction of the Indebtedness represented by such
      Securities unless and until the Company, at its option, shall deliver or
      surrender the same to the Trustee with a directive 

    
      
         

      

      
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    that
      such
      Securities be cancelled. Notwithstanding anything to the contrary contained
      in
      this Section 13.1, in connection with any repayment of Securities, the
      Company may arrange for the purchase of any Securities by an agreement with
      one
      or more investment bankers or other purchasers to purchase such Securities
      by
      paying to the Holders of such Securities on or before the close of business
      on
      the repayment date an amount not less than the repayment price payable by the
      Company on repayment of such Securities, and the obligation of the Company
      to
      pay the repayment price of such Securities shall be satisfied and discharged
      to
      the extent such payment is so paid by such purchasers.

     

    ARTICLE 14.

     

    SECURITIES
      IN FOREIGN CURRENCIES

     

    Section 14.1. Applicability
      of Article.

     

    Whenever
      this Indenture provides for (i) any action by, or the determination of any
      of the rights of, Holders of Securities of any series in which not all of such
      Securities are denominated in the same Currency, or (ii) any distribution
      to Holders of Securities, in the absence of any provision to the contrary in
      the
      form of Security of any particular series or pursuant to this Indenture or
      the
      Securities, any amount in respect of any Security denominated in a Currency
      other than Dollars shall be treated for any such action or distribution as
      that
      amount of Dollars that could be obtained for such amount on such reasonable
      basis of exchange and as of the record date with respect to Registered
      Securities of such series (if any) for such action, determination of rights
      or
      distribution (or, if there shall be no applicable record date, such other date
      reasonably proximate to the date of such action, determination of rights or
      distribution) as the Company may specify in a written notice to the
      Trustee.

     

    ARTICLE 15.

     

    MEETINGS
      OF HOLDERS OF SECURITIES

     

    Section 15.1. Purposes
      for Which Meetings May Be Called.

     

    A
      meeting
      of Holders of Securities of any 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 Securities of such
      series.

     

    Section 15.2. Call,
      Notice and Place of Meetings.

     

    (1) The
      Trustee may at any time call a meeting of Holders of Securities of any series
      for any purpose specified in Section 15.1, to be held at such time and at
      such place in the Borough of Manhattan, The City of New York, or, if Securities
      of such series have been issued in whole or in part as Bearer Securities, in
      London or in such place outside the United States as the Trustee shall
      determine. Notice of every meeting of Holders of 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 1.6, not less than 21 nor more than 180 days prior
      to the date fixed for the meeting.

    
      
         

      

      
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    (2) In
      case
      at any time the Company (by or pursuant to a Board Resolution) or the Holders
      of
      at least 10% in principal amount of the Outstanding Securities of any series
      shall have requested the Trustee to call a meeting of the Holders of Securities
      of such series for any purpose specified in Section 15.1, by written
      request setting forth in reasonable detail the action proposed to be taken
      at
      the meeting, and the Trustee shall not have mailed notice of or made the first
      publication of the notice of such meeting within 21 days after receipt of
      such request (whichever shall be required pursuant to Section 1.6) or shall
      not thereafter proceed to cause the meeting to be held as provided herein,
      then
      the Company or the Holders of 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, if Securities of such series
      are
      to be issued as Bearer Securities, in London for such meeting and may call
      such
      meeting for such purposes by giving notice thereof as provided in
      clause (1) of this Section.

     

    Section 15.3. Persons
      Entitled to Vote at Meetings.

     

    To
      be
      entitled to vote at any meeting of Holders of Securities of any series, a Person
      shall be (1) a Holder of one or more Outstanding 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 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 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 15.4. Quorum;
      Action.

     

    The
      Persons entitled to vote a majority in principal amount of the Outstanding
      Securities of a series shall constitute a quorum for any meeting of Holders
      of
      Securities of such series. In the absence of a quorum within 30 minutes after
      the time appointed for any such meeting, the meeting shall, if convened at
      the
      request of Holders of Securities of such series, be dissolved. In any other
      case
      the meeting may be adjourned for a period of not less than 10 days as
      determined by the chairman of the meeting prior to the adjournment of such
      meeting. In the absence of a quorum at any reconvened meeting, such reconvened
      meeting may be further adjourned for a period of not less than 10 days as
      determined by the chairman of the meeting prior to the adjournment of such
      reconvened meeting. Notice of the reconvening of any adjourned meeting shall
      be
      given as provided in Section 15.2(1), 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 Securities of such series which shall constitute a
      quorum.

     

    Except
      as
      limited by the proviso to Section 9.2, 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 a
      majority in principal amount of the Outstanding Securities of that series;
      provided, however, that, except as limited by the proviso to Section 9.2,
      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 Securities of a series
      may be adopted at a meeting or an adjourned meeting duly reconvened and at
      which
      a quorum 

    
      
         

      

      
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    is
      present as aforesaid by the affirmative vote of the Holders of such specified
      percentage in principal amount of the Outstanding Securities of such
      series.

     

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

     

    Section 15.5. Determination
      of Voting Rights; Conduct and Adjournment of Meetings.

     

    (1) 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 Securities
      of
      such series in regard to proof of the holding of 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 Securities shall
      be proved in the manner specified in Section 1.4 and the appointment of any
      proxy shall be proved in the manner specified in Section 1.4 or by having
      the signature of the person executing the proxy witnessed or guaranteed by
      any
      trust company, bank or banker authorized by Section 1.4 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 1.4 or other
      proof.

     

    (2) The
      Trustee shall, by an instrument in writing, appoint a temporary chairman of
      the
      meeting, unless the meeting shall have been called by the Company or by Holders
      of Securities as provided in Section 15.2(2), in which case the Company or
      the Holders of Securities of the series calling the meeting, as the case may
      be,
      shall in like manner appoint a temporary chairman. A permanent chairman and
      a
      permanent secretary of the meeting shall be elected by vote of the Persons
      entitled to vote a majority in principal amount of the Outstanding Securities
      of
      such series represented at the meeting.

     

    (3) At
      any
      meeting, each Holder of a Security of such series or proxy shall be entitled
      to
      one vote for each $1,000 principal amount of 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 Security challenged as not Outstanding and ruled
      by the chairman of the meeting to be not Outstanding. The chairman of the
      meeting shall have no right to vote, except as a Holder of a Security of such
      series or proxy.

     

    (4) Any
      meeting of Holders of Securities of any series duly called pursuant to
      Section 15.2 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 Securities of such series represented at the meeting; and the
      meeting may be held as so adjourned without further notice.

     

    Section 15.6. Counting
      Votes and Recording Action of Meetings.

     

    The
      vote
      upon any resolution submitted to any meeting of Holders of Securities of any
      series shall be by written ballots on which shall be subscribed the signatures
      of the Holders of Securities of such series or of their representatives by
      proxy
      and the principal amounts and serial numbers of the 

    
      
         

      

      
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    Outstanding
      Securities of such series held or represented by them. The permanent chairman
      of
      the meeting shall appoint two inspectors of votes who shall count all votes
      cast
      at the meeting for or against any resolution and who shall make and file with
      the secretary of the meeting their verified written reports in triplicate of
      all
      votes cast at the meeting. A record, at least in triplicate, of the proceedings
      of each meeting of Holders of 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 15.2 and, if applicable, Section 15.4. Each copy
      shall be signed and verified by the affidavits of the permanent chairman 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
      16.

     

    CONVERSION
      OF SECURITIES

     

    Section
      16.1. Conversion
      Privilege.

     

    Subject
      to and upon compliance with the provisions of this Article, at the option of
      the
      Holder thereof, Securities of any series or any portion of the principal amount
      thereof which is $1,000 or an integral multiple of $1,000 (or in the case of
      Bearer Securities, a principal amount or portion of $5,000 or an integral
      multiple of $5,000) may be converted at the principal amount thereof, or of
      such
      portion thereof, into fully paid and nonassessable shares (calculated as to
      each
      conversion to the nearest 1/100 of a share) of Common Stock of the Company,
      in
      accordance with the terms of such series of Securities and (except as otherwise
      specified as contemplated by Section 3.1) in accordance with this Article.
      In case a Security or portion thereof is called for redemption, such conversion
      right in respect of the Security or portion so called shall expire at the close
      of business on the Business Day immediately preceding the Redemption Date,
      unless the Company defaults in making the payment due upon redemption or the
      applicable Security provides otherwise.

     

    The
      price
      at which shares of Common Stock shall be delivered upon conversion, which shall
      be specified as contemplated by Section 3.1, shall be referred to herein as
      the "conversion price." The conversion price shall be adjusted in certain
      instances as provided in paragraphs (1), (2), (3), (4), (5), (6) and (10) of
      Section 16.4.

     

    Section
      16.2 Exercise
      of Conversion Privilege.

     

    In
      order
      to exercise the conversion privilege, the Holder of any Security to be converted
      shall surrender such Security, duly endorsed or assigned to the Company or
      in
      blank, at any office or agency of the Company maintained for that purpose
      pursuant to Section 10.2, accompanied by written notice to the Company at
      such office or agency that the Holder elects to convert such Security or, if
      less than the entire principal amount thereof is to be converted, the portion
      thereof to be converted (in the case of Bearer Securities, any Bearer Security
      surrendered for conversion pursuant to this Article must be accompanied by
      all
      Coupons maturing subsequent to the date of surrender of such Bearer Security
      for
      conversion or the amount of any such missing Coupons will be deducted

    
      
         

      

      
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    from
      the
      amount due on such Security used to determine the amount of shares of Common
      Stock such Bearer Security may be converted into). Securities surrendered for
      conversion during the period from the close of business on any Regular Record
      Date next preceding any Interest Payment Date to the opening of business on
      such
      Interest Payment Date shall (except in the case of Securities or portions
      thereof which have been called for redemption on a Redemption Date such that
      the
      conversion right of such Securities would terminate between such Regular Record
      Date and the close of business on such Interest Payment Date) be accompanied
      by
      payment in funds reasonably acceptable to the Company of an amount equal to
      the
      interest payable on such Interest Payment Date on the principal amount of
      Securities being surrendered for conversion (with similar provision to be made
      for Bearer Securities). The interest so payable on such Interest Payment Date
      with respect to any Security (or portion thereof, if applicable) which is
      surrendered for conversion during the period from the close of business on
      any
      Regular Record Date next preceding any Interest Payment Date to the opening
      of
      business on such Interest Payment Date and which Security has been called for
      redemption on a Redemption Date with the consequence that the conversion right
      of such Security would terminate between such Regular Record Date and the close
      of business on such Interest Payment Date shall be paid to the Holder of such
      Security being converted in an amount equal to the interest that would have
      been
      payable on such Security if such Security had been converted as of the close
      of
      business on such Interest Payment Date. The interest so payable on such Interest
      Payment Date in respect of any Security (or portion thereof, as the case may
      be)
      that has not been called for redemption on a Redemption Date with the
      consequence of termination of the conversion right as aforesaid, which Security
      (or portion thereof, as the case may be) is surrendered for conversion during
      the period from the close of business on any Regular Record Date next preceding
      any Interest Payment Date to the opening of business on such Interest Payment
      Date, shall be paid to the Holder of such Security as of such Regular Record
      Date. Interest payable in respect of any Security surrendered for conversion
      on
      or after an Interest Payment Date shall be paid to the Holder of such Security
      as of the next preceding Regular Record Date, notwithstanding the exercise
      of
      the right of conversion. Except as provided in this paragraph and subject to
      the
      last paragraph of Section 3.7, no cash payment or adjustment shall be made
      upon any conversion on account of any interest accrued from the Interest Payment
      Date next preceding the conversion date, in respect of any Security (or part
      thereof, as the case may be) surrendered for conversion, or on account of any
      dividends on the Common Stock issued upon conversion. The Company's delivery
      to
      the Holder of the number of shares of Common Stock (and cash in lieu of
      fractions thereof, as provided in this Indenture) into which a Security is
      convertible will be deemed to satisfy the Company's obligation to pay the
      principal amount of the Security.

     

    Securities
      shall be deemed to have been converted immediately prior to the close of
      business on the day of surrender of such Securities for conversion in accordance
      with the foregoing provisions, and at such time the rights of the Holders of
      such Securities as Holders shall cease, and the Person or Persons entitled
      to
      receive the Common Stock issuable upon conversion shall be treated for all
      purposes as the record holder or holders of such Common Stock at such time.
      As
      promptly as practicable on or after the conversion date, the Company shall
      issue
      and shall deliver at such office or agency a certificate or certificates for
      the
      number of full shares of Common Stock issuable upon conversion, together with
      payment in lieu of any fraction of a share, as provided in
      Section 16.3.

     

    In
      the
      case of any Security which is converted in part only, upon such conversion
      the
      Company shall execute and the Trustee shall authenticate and deliver to the
      Holder thereof, at the expense of the Company, a new Security or Securities
      of
      authorized denominations in aggregate principal amount equal to the unconverted
      portion of the principal amount of such Security.

     

    
      
         

      

      
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    Section
      16.3. Fractions
      of Shares.

     

    No
      fractional shares of Common Stock shall be issued upon conversion of Securities.
      If more than one Security shall be surrendered for conversion at one time by
      the
      same Holder, the number of full shares which shall be issuable upon conversion
      thereof shall be computed on the basis of the aggregate principal amount of
      the
      Securities (or specified portions thereof) so surrendered. Instead of any
      fractional share of Common Stock which would otherwise be issuable upon
      conversion of any Security or Securities (or specified portions thereof), the
      Company shall pay a cash adjustment in respect of such fraction in an amount
      equal to the same fraction of the closing price per share of Common Stock (as
      determined in the manner described in the second sentence of
      Section 16.4(8)) at the close of business on the day of
      conversion.

     

    Section
      16.4. Adjustment
      of Conversion Price.

     

    (1) In
      case
      the Company shall pay or make a dividend or other distribution on any class
      of
      capital stock of the Company in Common Stock, the conversion price in effect
      at
      the opening of business on the day following the date fixed for the
      determination of shareholders entitled to receive such dividend or other
      distribution shall be reduced by multiplying such conversion price by a fraction
      of which the numerator shall be the number of shares of Common Stock outstanding
      at the close of business on the date fixed for such determination and the
      denominator shall be the sum of such number of shares and the total number
      of
      shares constituting such dividend or other distribution, such reduction to
      become effective immediately after the opening of business on the day following
      the date fixed for such determination. If, after any such date fixed for
      determination, any dividend or distribution is not in fact paid, the conversion
      price shall be immediately readjusted, effective as of the date the Board of
      Directors determines not to pay such dividend or distribution, to the conversion
      price that would have been in effect if such determination date had not been
      fixed. For the purposes of this paragraph (1), the number of shares of
      Common Stock at any time outstanding shall not include shares held in the
      treasury of the Company but shall include shares issuable in respect of scrip
      certificates issued in lieu of fractions of shares of Common Stock. The Company
      will not pay any dividend or make any distribution on shares of Common Stock
      held in the treasury of the Company.

     

    (2) In
      case
      the Company shall issue rights or warrants to all holders of its Common Stock
      entitling them to subscribe for or purchase shares of Common Stock at a price
      per share less than the current market price per share (determined as provided
      in paragraph (8) of this Section) of the Common Stock on the dated fixed
      for the determination of shareholders entitled to receive such rights or
      warrants, the conversion price in effect at the opening of business on the
      day
      following the date fixed for such determination shall be reduced by multiplying
      such conversion price by a fraction of which the numerator shall be the number
      of shares of Common Stock outstanding at the close of business on the date
      fixed
      for such determination plus the number of shares of Common Stock which the
      aggregate of the offering price of the total number of shares of Common Stock
      so
      offered for subscription or purchase would purchase at such current market
      price
      and the denominator shall be the number of shares of Common Stock outstanding
      at
      the close of business on the date fixed for such determination plus the number
      of shares of Common Stock so offered for subscription or purchase, such
      reduction to become effective immediately after the opening of business on
      the
      day following the date fixed for determination. If, after any such date fixed
      for determination, any such rights or warrants are not in fact issued, the
      conversion price shall be immediately readjusted, effective as of the date
      the
      Board of Directors determines not to issue 

    
      
         

      

      
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    such
      rights or warrants, to the conversion price that would have been in effect
      if
      such determination date had not been fixed. For the purposes of this
      paragraph (2), the number of shares of Common Stock at any time outstanding
      shall not include shares held in the treasury of the Company but shall include
      shares issuable in respect of scrip certificates issued in lieu of fractions
      of
      shares of Common Stock. The Company will not issue any rights or warrants in
      respect of shares of Common Stock held in the treasury of the
      Company.

     

    (3) In
      case
      outstanding shares of Common Stock shall be subdivided into a greater number
      of
      shares of Common Stock, the conversion price in effect at the opening of
      business on the day following the day upon which such subdivision becomes
      effective shall be proportionately reduced, and, conversely, in case outstanding
      shares of Common Stock shall each be combined into a smaller number of shares
      of
      Common Stock, the conversion price in effect at the opening of business on
      the
      day following the day upon which such combination becomes effective shall be
      proportionately increased, such reduction or increase, as the case may be,
      to
      become effective immediately after the opening of business on the day following
      the day upon which such subdivision or combination becomes
      effective.

     

    (4) In
      case
      the Company shall, by dividend or otherwise, distribute to all holders of its
      Common Stock evidences of its indebtedness or assets (including securities,
      but
      excluding any rights or warrants referred to in paragraph (2) of this
      Section, any dividend or distribution paid exclusively in cash and any dividend
      or distribution referred to in paragraph (1) of this Section), the
      conversion price shall be adjusted so that the same shall equal the price
      determined by multiplying the conversion price in effect immediately prior
      to
      the close of business on the date fixed for the determination of shareholders
      entitled to receive such distribution by a fraction of which the numerator
      shall
      be the current market price share (determined as provided in paragraph (8)
      of this Section) of the Common Stock on the date fixed for such determination
      less the then fair market value (as determined by the Board of Directors, whose
      determination shall be conclusive and described in a Board Resolution filed
      with
      the Trustee) of the portion of the assets or evidences of indebtedness so
      distributed applicable to one share of Common Stock and the denominator shall
      be
      such current market price per share of the Common Stock, such adjustment to
      become effective immediately prior to the opening of business on the day
      following the date fixed for the determination of shareholders entitled to
      receive such distribution. If, after any such date fixed for determination,
      any
      such distribution is not in fact made, the conversion price shall be immediately
      readjusted, effective as of the date the Board of Directors determines not
      to
      make such distribution, to the conversion price that would have been in effect
      if such determination date had not been fixed.

     

    (5) In
      case
      the Company shall, by dividend or otherwise, distribute to all holders of its
      Common Stock cash (excluding any cash that is distributed as part of a
      distribution referred to in paragraph (4) of this Section) in an aggregate
      amount that, combined together with (I) the aggregate amount of any other
      cash distributions to all holders of its Common Stock made exclusively in cash
      within the 12 months preceding the date of payment of such distribution and
      in
      respect of which no adjustment pursuant to this paragraph (5) has been made
      and (II) the aggregate of any cash plus the fair market value (as
      determined by the Board of Directors, whose determination shall be conclusive
      and described in a Board Resolution and filed with the Trustee) of consideration
      payable in respect of any tender offer by the Company or any of its subsidiaries
      for all or any portion of the Common Stock concluded within the 12 months
      preceding the date of payment of such distribution and in respect of which
      no
      adjustment pursuant to paragraph (6) of this Section has been made (the
      "combined cash and tender amount") exceeds 10% of the product of the current
      market 

    
      
         

      

      
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    price
      per
      share (determined as provided in paragraph (8) of this Section) of the
      Common Stock on the date for the determination of holders of shares of Common
      Stock entitled to receive such distribution times the number of shares of Common
      Stock outstanding on such date (the "aggregate current market price"), then,
      and
      in each such case, immediately after the close of business on such date for
      determination, the conversion price shall be adjusted so that the same shall
      equal the price determined by multiplying the conversion price in effect
      immediately prior to the close of business on the date fixed for determination
      of the stockholders entitled to receive such distribution by a fraction
      (i) the numerator of which shall be equal to the current market price per
      share (determined as provided in paragraph (8) of this Section) of the
      Common Stock on the date fixed for such determination less an amount equal
      to
      the quotient of (x) the excess of such combined cash and tender amount over
      such aggregate current market price divided by (y) the number of shares of
      Common Stock outstanding on such date for determination and (ii) the
      denominator of which shall be equal to the current market price per share
      (determined as provided in paragraph(8) of this Section) of the Common Stock
      on
      such date for determination.

     

    (6) In
      case a
      tender offer made by the Company or any subsidiary of the Company for all or
      any
      portion of the Common Stock shall expire and such tender offer (as amended
      upon
      the expiration thereof) shall require the payment to stockholders (based on
      the
      acceptance (up to any maximum specified in the terms of the tender offer) of
      Purchased Shares (as defined below)) of an aggregate consideration having a
      fair
      market value (as determined by the Board of Directors, whose determination
      shall
      be conclusive and described in a Board Resolution and filed with the Trustee)
      that combined together with (I) the aggregate of the cash plus the fair
      market value (as determined by the Board of Directors, whose determination
      shall
      be conclusive and described in a Board Resolution and filed with the Trustee),
      as of the expiration of such tender offer, of consideration payable in respect
      of any other tender offer by the Company or any subsidiary of the Company for
      all or any portion of the Common Stock expiring within the 12 months
      preceding the expiration of such tender offer and in respect of which no
      adjustment pursuant to this paragraph (6) has been made and (II) the
      aggregate amount of any cash distributions to all holders of the Company's
      Common Stock within 12 months preceding the expiration of such tender offer
      and in respect of which no adjustment pursuant to paragraph (5) of this
      Section has been made (the "combined tender and cash amount") exceeds 10% of
      the
      product of the current market price per share of the Common Stock (determined
      as
      provided in paragraph (8) of this Section) as of the last time (the
      "Expiration Time") tenders could have been made pursuant to such tender offer
      (as it may be amended) times the number of shares of Common Stock outstanding
      (including any tendered shares) as of the Expiration Time, then, and in each
      such case, immediately prior to the opening of business on the day after the
      date of the Expiration Time, the conversion price shall be adjusted so that
      the
      same shall equal the price determined by multiplying the conversion price
      immediately prior to close of business on the date of the Expiration Time by
      a
      fraction (i) the numerator of which shall be equal to (A) the product
      of (I) the current market price per share of the Common Stock (determined
      as provided in paragraph (8) of this Section) on the date of the Expiration
      Time
      multiplied by (II) the number of shares of Common Stock outstanding (including
      any tendered shares) on the Expiration Time less (B) the combined tender
      and cash amount, and (ii) the denominator of which shall be equal to the
      product of (A) the current market price per share of the Common Stock
      (determined as provided in paragraph (8) of this Section) as of the
      Expiration Time multiplied by (B) the number of shares of Common Stock
      outstanding (including any tendered shares) as of the Expiration Time less
      the
      number of all shares validly tendered and not withdrawn as of the Expiration
      Time (the shares deemed so accepted up to any such maximum, being referred
      to as
      the "Purchased Shares").

    
      
         

      

      
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    (7) The
      reclassification of Common Stock into securities including other than Common
      Stock (other than any reclassification upon a consolidation or merger to which
      Section 12.11 applies) shall be deemed to involve (a) a distribution
      of such securities other than Common Stock to all holders of Common Stock (and
      the effective date of such reclassification shall be deemed to be "the date
      fixed for the determination of shareholders entitled to receive such
      distribution" and "the date fixed for such determination" within the meaning
      of
      paragraph (4) of this Section) and (b) a subdivision or combination,
      as the case may be, of the number of shares of Common Stock outstanding
      immediately prior to such reclassification into the number of shares of Common
      Stock outstanding immediately thereafter (and the effective date of such
      reclassification shall be deemed to be "the day upon which such subdivision
      becomes effective" or "the day upon which such combination becomes effective,"
      as the case may be, and "the day upon which such subdivision or combination
      becomes effective" within the meaning of paragraph (3) of this
      Section).

     

    (8) For
      the
      purpose of any computation under paragraphs (2), (4), (5) and (6) of this
      Section, the current market price per share of Common Stock on any date shall
      be
      deemed to be the average of the daily closing prices for the five consecutive
      Trading Days selected by the Company commencing not more than 20 Trading
      Days before, and ending not later than, the earlier of the day in question
      and
      the day before the "ex" date (as described below) with respect to the issuance
      or distribution requiring such computation. The closing price for each day
      shall
      be the last reported sales price regular way or, in case no such reported sale
      takes place on such day, the average of the reported closing bid and asked
      prices regular way, in either case on the New York Stock Exchange or, if the
      Common Stock is not listed or admitted to trading on such Exchange, on the
      principal national securities exchange on which the Common Stock is listed
      or
      admitted to trading or, if not listed or admitted to trading on any national
      securities exchange, on the Nasdaq National Market, or, if the Common Stock
      is
      not listed or admitted to trading on any national securities exchange or quoted
      on the Nasdaq National Market, the average of the closing bid and asked prices
      in the over-the-counter market as furnished by any New York Stock Exchange
      member firm selected from time to time by the Company for that purpose. For
      purposes of this paragraph, the term "'ex' date", when used with respect to
      any
      issuance or distribution, means the first date on which the Common Stock trades
      regular way on such exchange or in such market without the right to receive
      such
      issuance or distribution.

     

    (9) No
      adjustment in the conversion price shall be required unless such adjustment
      (plus any adjustments not previously made by reason of this paragraph (9))
      would require an increase or decrease of at least one percent in such price;
      provided,
      however,
      that
      any adjustments which by reason of this paragraph (9) are not required to
      be made shall be carried forward and taken into account in any subsequent
      adjustment. All calculations under this Article shall be made to the nearest
      cent or to the nearest one-hundredth of a share, as the case may
      be.

     

    (10) The
      Company may make such reductions in the conversion price, in addition to those
      required by paragraphs (1), (2), (3), (4), (5) and (6) of
      this
      Section, as it considers to be advisable in order that any event treated for
      federal income tax purposes as a dividend of stock or stock rights shall not
      be
      taxable to the recipients.

     

    To
      the
      extent permitted by applicable law, the Company from time to time may reduce
      the
      conversion price by any amount for any period of time if the period is at least
      twenty (20) days and the Board of Directors shall have made a determination
      that such reduction would be in the best interests of the Company, which
      determination shall be conclusive. Whenever the conversion price

    
      
         

      

      
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    is
      reduced pursuant to the preceding sentence, the Company shall give notice of
      the
      reduction to the Holders of Securities in the manner provided in
      Section 1.6 at least fifteen (15) days prior to the date the reduced
      conversion price takes effect, and such notice shall state the reduced
      conversion price and the period during which it will be in effect.

     

    Section
      16.5. Notice
      of Adjustments of Conversion Price.

     

    Whenever
      the conversion price is adjusted as herein provided:

     

    (a) the
      Company shall compute the adjusted conversion price in accordance with
      Section 16.4 and shall prepare a certificate signed by the Treasurer of the
      Company, or other applicable officer, setting forth the adjusted conversion
      price and showing in reasonable detail the facts upon which such adjustment
      is
      based, and such certificate shall forthwith be filed at each office or agency
      maintained for the purpose of conversion of Securities pursuant to
      Section 10.2; and

     

    (b) a
      notice
      stating that the conversion price has been adjusted and setting forth the
      adjusted conversion price shall forthwith be required, and as soon as
      practicable after it is required, such notice shall be mailed by the Company
      to
      all Holders at their last addresses as they shall appear in the Security
      Register.

     

    Section
      16.6. Notice
      of Certain Corporate Action.

     

    In
      case:

     

    (a) the
      Company shall declare a dividend (or any other distribution) on its Common
      Stock
      payable (i) otherwise than exclusively in cash or (ii) exclusively in
      cash in an amount that would require any adjustment pursuant to
      Section 16.4;

     

    (b) the
      Company shall authorize the granting to the holders of its Common Stock of
      rights or warrants to subscribe for or purchase any shares of capital stock
      of
      any class or of any other rights;

     

    (c) of
      any
      reclassification of the Common Stock of the Company (other than a subdivision
      or
      combination of its outstanding shares of Common Stock), or of any consolidation
      or merger to which the Company is a party and for which approval of any
      shareholders of the Company is required, or of the sale or transfer of all
      or
      substantially all of the assets of the Company; or

     

    (d) of
      the
      voluntary or involuntary dissolution, liquidation or winding up of the
      Company;

     

    then
      the
      Company shall cause to be filed at each office or agency maintained for the
      purpose of conversion of Securities pursuant to Section 10.2, and shall
      cause to be mailed to all Holders at their last addresses as they shall appear
      in the Security Register or as otherwise allowed by Section 1.6, at least
      20 days (or ten days in any case specified in clause (a) or (b) above)
      prior to the applicable record or effective date hereinafter specified, a notice
      stating (x) the date on which a record is to be taken for the purpose of
      such dividend, distribution, rights or warrants, or, if a record is not to
      be
      taken, the date as of which the holders of Common Stock of record to be entitled
      to such dividend, distribution, rights or warrants are to be determined, or
      (y) the date on which such reclassification, consolidation, merger, sale,
      transfer, dissolution, liquidation or winding up is expected to become

    
      
         

      

      
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    effective,
      and the date as of which it is expected that holders of Common Stock of record
      shall be entitled to exchange their shares of Common Stock for securities,
      cash
      or other property deliverable upon such reclassification, consolidation, merger,
      sale, transfer, dissolution, liquidation or winding up.

     

    The
      Company shall cause to be filed at each office or agency maintained for the
      purpose of conversion of Securities pursuant to Section 10.2, and shall
      cause to be provided to all Holders in accordance with Section 1.6, notice
      of any tender offer by the Company or any subsidiary of the Company for all
      or
      any portion of the Common Stock at or about the time that such notice of tender
      offer is provided to the public generally.

     

    Section
      16.7. Company
      to Reserve Common Stock.

     

    The
      Company shall at all times reserve and keep available, free from preemptive
      rights, out of its authorized but unissued Common Stock, for the purpose of
      effecting the conversion of Securities, the full number of shares of Common
      Stock then issuable upon the conversion of all outstanding
      Securities.

     

    Section
      16.8. Taxes
      on Conversions.

     

    The
      Company will pay any and all taxes that may be payable in respect of the issue
      or delivery of shares of Common Stock on conversion of Securities pursuant
      hereto. The Company shall not, however, be required to pay any tax which may
      be
      payable in respect of any transfer involved in the issue and delivery of shares
      of Common Stock in a name other than that of the Holder of the Security or
      Securities to be converted, and no such issue or delivery shall be made unless
      and until the Person requesting such issue has paid to the Company the amount
      of
      any such tax, or has established to the satisfaction of the Company that such
      tax has been paid.

     

    Section
      16.9. Covenant
      as to Common Stock.

     

    The
      Company covenants that all shares of Common Stock which may be issued upon
      conversion of Securities will upon issue be fully paid and nonassessable and,
      except as provided in Section 16.8, the Company will pay all taxes, liens and
      charges with respect to the issue thereof.

     

    Section
      16.10. Cancellation
      of Converted Securities.

     

    All
      Securities delivered for conversion shall be delivered to the Trustee to be
      cancelled by or at the direction of the Trustee, which shall dispose of the
      same
      as provided in Section 3.9.

     

    Section
      16.11. Provisions
      in Case of Consolidation, Merger of Sale of Assets.

     

    In
      case
      of any consolidation of the Company with, or merger of the Company into, any
      other Person, any merger of another Person into the Company (other than a merger
      which does not result in any reclassification, conversion, exchange or
      cancellation of outstanding shares of Common Stock of the Company) or any sale
      or transfer or conveyance of all or substantially all of the assets of the
      Company, the Person formed by such consolidation or resulting from such merger
      or which acquires such assets, as the case may be, shall execute and deliver
      to
      the Trustee a supplemental indenture providing that the Holder of each Security
      then Outstanding shall have the right thereafter, during the period such
      Security shall be convertible as specified in Section 16.1, to convert such
      Security only 

    
      
         

      

      
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    into
      the
      kind and amount of securities, cash and other property receivable upon such
      consolidation, merger, sale or transfer or conveyance by a holder of the number
      of shares of Common Stock of the Company into which such Security might have
      been converted immediately prior to such consolidation, merger, sale or transfer
      or conveyance, assuming such holder of Common Stock of the Company (i) is
      not a Person with which the Company consolidated or into which the Company
      merged or which merged into the Company or to which such sale or transfer was
      made, as the case may be ("constituent Person"), or an Affiliate of a
      constituent Person and (ii) failed to exercise his rights of election, if
      any, as to the kind or amount of securities, cash and other property receivable
      upon such consolidation, merger, sale or transfer or conveyance (provided that
      if the kind or amount of securities, cash and other property receivable upon
      such consolidation, merger, sale or transfer is not the same for each share
      of
      Common Stock of the Company held immediately prior to such consolidation,
      merger, sale or transfer by others than a constituent Person or an Affiliate
      thereof and in respect of which such rights of election shall not have been
      exercised ("nonelecting share"), then for the purpose of this Section the kind
      and amount of securities, cash and other property receivable upon such
      consolidation, merger, sale or transfer by each nonelecting share shall be
      deemed to be the kind and amount so receivable per share by a plurality of
      the
      nonelecting shares). Such supplemental indenture shall provide for adjustments
      which, for events subsequent to the effective date of such supplemental
      indenture, shall be as nearly equivalent as may be practicable to the
      adjustments provided for in this Article. The above provisions of this Section
      shall similarly apply to successive consolidations, mergers, sales or transfers.
      Notice of the execution of such a supplemental indenture shall be given by
      the
      Company to the Holder of each Security as provided in Section 1.6 promptly
      upon such execution.

     

    The
      Company shall be solely responsible for performing the duties and
      responsibilities contained in this Article and the Trustee shall have no
      responsibility therefor.

     

    ARTICLE 17.

     

    SUBORDINATION
      OF SECURITIES

     

    Section 17.1. Securities
      Subordinate to Senior Indebtedness.

     

    The
      Company covenants and agrees, and each Holder of a Security, by his acceptance
      thereof, likewise covenants and agrees, that, to the extent and in the manner
      hereinafter set forth in this Article, the Indebtedness represented by the
      Securities and the payment of the principal of (and premium, if any) and
      interest on each and all of the Securities are hereby expressly made subordinate
      and subject in right of payment to the prior payment in full of all Senior
      Indebtedness.

     

    Notwithstanding
      the foregoing, if a deposit referred to in Section 4.2(4)(a) is made
      pursuant to Section 4.2(2) or Section 4.2(3) with respect to any
      Securities (and provided all other conditions set out in Section 4.2(4)
      shall have been satisfied with respect to such Securities), then, following
      such
      deposit or following the 123rd
      day
      after such deposit with respect to defeasance only, no money or Government
      Obligations so deposited, and no proceeds thereon, will be subject to any rights
      of holders of Senior Indebtedness, including any such rights arising under
      this
      Article 17.

     

    
      
         

      

      
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    Section 17.2. Payment
      Over of Proceeds Upon Dissolution, Etc.

     

    In
      the
      event of (a) any insolvency or bankruptcy case or proceeding, or any
      receivership, liquidation, reorganization or other similar case or proceeding
      in
      connection therewith, relative to the Company or to its creditors, as such,
      or
      to its assets, or (b) any liquidation, dissolution or other winding up of
      the Company, whether voluntary or involuntary and whether or not involving
      insolvency or bankruptcy, or (c) any assignment for the benefit of
      creditors or any other marshalling of assets and liabilities of the Company,
      then and in any such event the holders of Senior Indebtedness shall be entitled
      to receive payment in full of all amounts due or to become due on or in respect
      of all Senior Indebtedness, or provision shall be made for such payment in
      cash
      or cash equivalents or otherwise in a manner satisfactory to the holders of
      Senior Indebtedness, before the Holders of the Securities are entitled to
      receive any payment or distribution of any kind or character, whether in cash,
      property or securities (including any payment or distribution which may be
      payable or deliverable by reason of the payment of any other Indebtedness of
      the
      Company subordinated to the payment of the Securities), on account of principal
      of (or premium, if any) or interest on the Securities or on account of any
      purchase or other acquisition of Securities by the Company or any Subsidiary
      of
      the Company (all such payments, distributions, purchases and acquisitions herein
      referred to, individually and collectively, as a "Securities Payment"), and
      to
      that end the holders of Senior Indebtedness shall be entitled to receive, for
      application to the payment thereof, any Securities Payment.

     

    In
      the
      event that, notwithstanding the foregoing provisions of this Section, the
      Trustee or the Holder of any Security shall have received any Securities
      Payment, before all Senior Indebtedness is paid in full or payment thereof
      provided for in cash or cash equivalents or otherwise in a manner satisfactory
      to holders of Senior Indebtedness, and if such fact shall, at or prior to the
      time of such Securities Payment, have been made known to the Trustee or, as
      the
      case may be, such Holder, then and in such event such Securities Payment shall
      be paid over or delivered forthwith to the trustee in bankruptcy, receiver,
      liquidating trustee, custodian, assignee, agent or other Person making payment
      or distribution of assets of the Company for application to the payment of
      all
      Senior Indebtedness remaining unpaid, to the extent necessary to pay all Senior
      Indebtedness in full, after giving effect to any concurrent payment or
      distribution to or for the holders of Senior Indebtedness. Any taxes that have
      been withheld or deducted from any Securities Payment, or any taxes that ought
      to have been withheld or deducted from any such Securities Payment that have
      been remitted to the relevant taxing authority, shall not be considered to
      be an
      amount that the Trustee or the Holder of any Security receives for purposes
      of
      this Section.

     

    For
      purposes of this Article only, the words "cash, property or securities" shall
      not be deemed to include shares of stock of the Company as reorganized or
      readjusted, or securities of the Company or any other corporation provided
      for
      by a plan of reorganization or readjustment which are subordinated in right
      of
      payment to all Senior Indebtedness which may at the time be outstanding to
      substantially the same extent as, or to a greater extent than, the Securities
      are so subordinated as provided in this Article. The consolidation of the
      Company with, or the merger of the Company into, another Person or the
      liquidation or dissolution of the Company following the conveyance or transfer
      of its properties and assets substantially as an entirety to another Person
      upon
      the terms and conditions set forth in Article 8 shall not be deemed a
      dissolution, winding up, liquidation, reorganization, assignment for the benefit
      of creditors or marshalling of assets and liabilities of the Company for the
      purposes of this Section if the Person formed by such consolidation or into
      which the Company is merged or which acquires by conveyance or transfer such
      properties and assets 

    
      
         

      

      
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    substantially
      as an entirety, as the case may be, shall, as a part of such consolidation,
      merger, conveyance or transfer, comply with the conditions set forth in Article
      8.

     

    Section 17.3. No
      Payment when Senior Indebtedness in Default.

     

    Anything
      in this Indenture to the contrary notwithstanding, no Securities Payment shall
      be made by or on behalf of the Company (i) unless full payment of amounts
      then due for principal and interest and of all other obligations then due on
      all
      Senior Indebtedness has been made or duly provided for pursuant to the terms
      of
      the instrument governing such Senior Indebtedness, (ii) if, at the time of
      such payment, redemption, purchase or other acquisition, or immediately after
      giving effect thereto, there shall exist under any Senior Indebtedness, or
      any
      agreement pursuant to which any Senior Indebtedness is issued, any default,
      which default shall not have been cured or waived and which default shall have
      resulted in the full amount of such Senior Indebtedness being declared due
      and
      payable or (iii) if, at the time of such payment, redemption, purchase or
      other acquisition, the Trustee shall have received written notice from the
      holder or holders of any Senior Indebtedness or their representative or
      representatives (a "Payment Blockage Notice") that there exists under such
      Senior Indebtedness, or any agreement pursuant to which such Senior Indebtedness
      is issued, any default, which default shall not have been cured or waived,
      permitting the holders thereof to declare the full amount of such Senior
      Indebtedness due and payable, but only for the period (the "Payment Blockage
      Period") commencing on the date of receipt of the Payment Blockage Notice and
      ending (unless earlier terminated by notice given to the Trustee by the Holders
      of such Senior Indebtedness) on the earlier of (A) the date on which such
      event of default shall have been cured or waived or ceased to exist or the
      Senior Indebtedness to which such default relates shall have been discharged
      or
      (B) 180 days from the receipt of the Payment Blockage Notice;
      provided, however, that nothing in this Section shall prevent the satisfaction
      of any sinking fund payment in accordance with Article 12 hereof by
      delivery and crediting pursuant to Section 12.2 Securities which have been
      acquired (upon redemption or otherwise) prior to the acceleration of any such
      default listed in (i) or (ii) directly above or prior to receipt of
      any Payment Blockage Notice. Upon termination of a Payment Blockage Period,
      payments on account of principal of, premium, if any, or interest on the
      Securities, and redemptions, purchases or other acquisitions may be made by
      or
      on behalf of the Company. Notwithstanding anything herein to the contrary,
      (A) only one Payment Blockage Notice may be given during any period of
      360 consecutive days with respect to the same event of default and any
      other events of default on the same issue of Senior Indebtedness existing and
      known to the person giving such notice at the time of such notice and
      (B) no new Payment Blockage Period may be commenced by the holder or
      holders of the same issue of Senior Indebtedness or their representative or
      representatives during any period of 360 consecutive days unless all events
      of default which were the object of the immediately preceding Payment Blockage
      Notice, and any other event of default on the same issue of Senior Indebtedness
      existing and known to the person giving such notice at the time of such notice,
      have been cured or waived for a period of at least 90 consecutive
      days.

     

    In
      the
      event that, notwithstanding the provisions of this Section 17.3, payments
      are made by or on behalf of the Company in contravention of the provisions
      of
      this Section 17.3, such payments shall be held by the Trustee, any Paying
      Agent or the Holders, as applicable, in trust for the benefit of, and shall
      be
      paid over to and delivered to, the holders of Senior Indebtedness or their
      representative or the trustee under the indenture or other agreement (if any),
      pursuant to which any instruments evidencing any Senior Indebtedness may have
      been issued, as their respective interests may appear, for application to the
      payment of all Senior Indebtedness remaining unpaid to the extent necessary
      to
      pay all Senior Indebtedness in full in accordance with the terms of such Senior
      

    
      
         

      

      
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    Indebtedness,
      after giving effect to any concurrent payment or distribution to or for the
      holders of Senior Indebtedness.

     

    The
      provisions of this Section shall not apply to any payment with respect to which
      Section 17.2 would be applicable.

     

    Section 17.4 Reliance
      by Senior Indebtedness on Subordination Provisions.

     

    Each
      Holder of any Security by his acceptance thereof acknowledges and agrees that
      the foregoing subordination provisions are, and are intended to be, an
      inducement and a consideration for each holder of any Senior Indebtedness,
      whether such Senior Indebtedness was created or acquired before or after the
      issuance of the Securities, to acquire and continue to hold, or to continue
      to
      hold, such Senior Indebtedness, and such holder of Senior Indebtedness shall
      be
      deemed conclusively to have relied on such subordination provisions in acquiring
      and continuing to hold or in continuing to hold such Senior
      Indebtedness.

     

    Section 17.5. Payment
      Permitted If No Default.

     

    Nothing
      contained in this Article or elsewhere in this Indenture or in any of the
      Securities shall prevent (a) the Company, at any time except during the
      pendency of any case, proceeding, dissolution, liquidation or other winding
      up,
      assignment for the benefit of creditors or other marshalling of assets and
      liabilities of the Company referred to in Section 17.2 or under the
      conditions described in Section 17.3, from making Securities Payments, or
      (b) the application by the Trustee of any money deposited with it hereunder
      to Securities Payments or the retention of such Securities Payments by the
      Holders, if, at the time of such application by the Trustee, it did not have
      knowledge that such Securities Payments would have been prohibited by the
      provisions of this Article.

     

    Section 17.6. Subrogation
      to Rights of Holders of Senior Indebtedness.

     

    Subject
      to the payment in full of all Senior Indebtedness or the provision for such
      payment in cash or cash equivalents or otherwise in a manner satisfactory to
      the
      holders of Senior Indebtedness, the Holders of the Securities shall be
      subrogated to the extent of the payments or distributions made to the holders
      of
      such Senior Indebtedness pursuant to the provisions of this Article (equally
      and
      ratably with the holders of all indebtedness of the Company which by its express
      terms is subordinated to indebtedness of the Company to substantially the same
      extent as the Securities are subordinated and is entitled to like rights of
      subrogation) to the rights of the holders of such Senior Indebtedness to receive
      payments and distributions of cash, property and securities applicable to the
      Senior Indebtedness until the principal of (and premium, if any) and interest
      on
      the Securities shall be paid in full. For purposes of such subrogation, no
      payments or distributions to the holders of the Senior Indebtedness of any
      cash,
      property or securities to which the Holders of the Securities or the Trustee
      would be entitled except for the provisions of this Article, and no payments
      over pursuant to the provisions of this Article to the holders of Senior
      Indebtedness by Holders of the Securities or the Trustee, shall, as among the
      Company, its creditors other than holders of Senior Indebtedness and the Holders
      of the Securities, be deemed to be a payment or distribution by the Company
      to
      or on account of the Senior Indebtedness.

     

    
      
         

      

      
        86

        
          

        

      

      
         

      

    

     

    Section 17.7. Provisions
      Solely to Define Relative Rights.

     

    The
      provisions of this Article are and are intended solely for the purpose of
      defining the relative rights of the Holders of the Securities on the one hand
      and the holders of Senior Indebtedness on the other hand. Nothing contained
      in
      this Article or elsewhere in this Indenture or in the Securities is intended
      to
      or shall (a) impair, as among the Company, its creditors other than holders
      of Senior Indebtedness and the Holders of the Securities, the obligation of
      the
      Company, which is absolute and unconditional (and which, subject to the rights
      under this Article of the holders of Senior Indebtedness, is intended to rank
      equally with all other general obligations of the Company), to pay to the
      Holders of the Securities the principal of (and premium, if any) and interest
      on
      the Securities as and when the same shall become due and payable in accordance
      with their terms; or (b) affect the relative rights against the Company of
      the Holders of the Securities and creditors of the Company other than the
      holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of
      any Security from exercising all remedies otherwise permitted by applicable
      law
      upon default under this Indenture, subject to the rights, if any, under this
      Article of the holders of Senior Indebtedness to receive cash, property and
      securities otherwise payable or deliverable to the Trustee or such
      Holder.

     

    Section 17.8. Trustee
      to Effectuate Subordination.

     

    Each
      holder of a Security by his acceptance thereof authorizes and directs the
      Trustee on his behalf to take such action as may be necessary or appropriate
      to
      effectuate the subordination provided in this Article and appoints the Trustee
      his attorney-in-fact for any and all such purposes.

     

    Section 17.9. No
      Waiver of Subordination Provisions.

     

    No
      right
      of any present or future holder of any Senior Indebtedness to enforce
      subordination as herein provided shall at any time in any way be prejudiced
      or
      impaired by any act or failure to act on the part of the Company or by any
      act
      or failure to act, in good faith, by any such holder, or by any non-compliance
      by the Company with the terms, provisions and covenants of this Indenture,
      regardless of any knowledge thereof any such holder may have or be otherwise
      charged with.

     

    Without
      in any way limiting the generality of the foregoing paragraph, the holders
      of
      Senior Indebtedness may, at any time and from time to time, without the consent
      of or notice to the Trustee or the Holders of the Securities, without incurring
      responsibility to the Holders of the Securities and without impairing or
      releasing the subordination provided in this Article or the obligations
      hereunder of the Holders of the Securities to the holders of Senior
      Indebtedness, do any one or more of the following: (i) change the manner,
      place or terms of payment or extend the time of payment of, or renew or alter,
      Senior Indebtedness, or otherwise amend or supplement in any manner Senior
      Indebtedness or any instrument evidencing the same or any agreement under which
      Senior Indebtedness is outstanding; (ii) sell, exchange, release or
      otherwise deal with any property pledged, mortgaged or otherwise securing Senior
      Indebtedness; (iii) release any Person liable in any manner for the
      collection of Senior Indebtedness; and (iv) exercise or refrain from
      exercising any rights against the Company and any other Person.

     

    
      
         

      

      
        87

        
          

        

      

      
         

      

    

     

    Section 17.10. Notice
      to Trustee.

     

    The
      Company shall give prompt written notice to the Trustee of any fact known to
      the
      Company which would prohibit the making of any payment to or by the Trustee
      in
      respect of the Securities. Notwithstanding the provisions of this Article or
      any
      other provision of this Indenture, the Trustee shall not be charged with
      knowledge of the existence of any facts which would prohibit the making of
      any
      payment to or by the Trustee in respect of the Securities, unless and until
      the
      Trustee shall have received written notice thereof from the Company or a holder
      of Senior Indebtedness or from any trustee therefor; and, prior to the receipt
      of any such written notice, the Trustee, subject to the provisions of
      Section 6.1, shall be entitled in all respects to assume that no such facts
      exist.

     

    Subject
      to the provisions of Section 6.1, the Trustee shall be entitled to rely on
      the delivery to it of a written notice by a Person representing himself to
      be a
      holder of Senior Indebtedness (or a trustee therefor) to establish that such
      notice has been given by a holder of Senior Indebtedness (or a trustee
      therefor). In the event that the Trustee determines in good faith that further
      evidence is required with respect to the right of any Person as a holder of
      Senior Indebtedness to participate in any payment or distribution pursuant
      to
      this Article, the Trustee may request such Person to furnish evidence to the
      reasonable satisfaction of the Trustee as to the amount of Senior Indebtedness
      held by such Person, the extent to which such Person is entitled to participate
      in such payment or distribution and any other facts pertinent to the rights
      of
      such Person under this Article, and if such evidence is not furnished, the
      Trustee may defer any payment to such Person pending judicial determination
      as
      to the right of such Person to receive such payment.

     

    Section 17.11. Reliance
      on Judicial Order or Certificate of Liquidating Agent.

     

    Upon
      any
      payment or distribution of assets of the Company referred to in this Article,
      the Trustee, subject to the provisions of Section 6.1, and the Holders of
      the Securities shall be entitled to rely upon any order or decree entered by
      any
      court of competent jurisdiction in which such insolvency, bankruptcy,
      receivership, liquidation, reorganization, dissolution, winding up or similar
      case or proceeding is pending, or a certificate of the trustee in bankruptcy,
      receiver, liquidating trustee, custodian, assignee for the benefit of creditors,
      agent or other Person making such payment or distribution, delivered to the
      Trustee or to the Holders of Securities, for the purpose of ascertaining the
      Persons entitled to participate in such payment or distribution, the holders
      of
      the Senior Indebtedness and other indebtedness of the Company, the amount
      thereof or payable thereon, the amount or amounts paid or distributed thereon
      and all other facts pertinent thereto or to this Article.

     

    Section 17.12. Trustee
      Not Fiduciary for Holders of Senior Indebtedness.

     

    The
      Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior
      Indebtedness and shall not be liable to any such holders if it shall in good
      faith mistakenly pay over or distribute to Holders of Securities or to the
      Company or to any other Person cash, property or securities to which any holders
      of Senior Indebtedness shall be entitled by virtue of this Article or
      otherwise.

     

    
      
         

      

      
        88

        
          

        

      

      
         

      

    

     

    Section 17.13. Rights
      of Trustee as Holder of Senior Indebtedness; Preservation of Trustee's
      Rights.

     

    The
      Trustee in its individual capacity shall be entitled to all the rights set
      forth
      in this Article with respect to any Senior Indebtedness which may at any time
      be
      held by it, to the same extent as any other holder of Senior Indebtedness,
      and
      nothing in this Indenture shall deprive the Trustee of any of its rights as
      such
      holder.

     

    Nothing
      in this Article shall apply to claims of, or payments to, the Trustee under
      or
      pursuant to Section 6.7.

     

    Section 17.14. Article
      Applicable to Paying Agents.

     

    In
      case
      at any time any Paying Agent other than the Trustee shall have been appointed
      by
      the Company and be then acting hereunder, the term "Trustee" as used in this
      Article shall in such case (unless the context otherwise requires) be construed
      as extending to and including such Paying Agent within its meaning as fully
      for
      all intents and purposes as if such Paying Agent were named in this Article
      in
      addition to or in place of the Trustee; provided,
      however,
      that
      Section 17.13 shall not apply to the Company or any Affiliate of the
      Company if it or such Affiliate acts as Paying Agent.

     

    Section 17.15. Defeasance
      of this Article 17.

     

    The
      subordination of the Securities provided by this Article 17 is expressly
      made subject to the provisions for defeasance in Section 4.2(2) hereof or
      covenant defeasance in Section 4.2(3) hereof and, anything herein to the
      contrary notwithstanding, upon the effectiveness of any such defeasance or
      covenant defeasance, the Securities then outstanding shall thereupon cease
      to be
      subordinated pursuant to this Article 17.

     

    

     

    [Intentionally
      left blank]

     

    

    
      
         

      

      
        89

        
          

        

      

      
         

        
        

      

    

     

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

    

    
      	
              [SEAL]
                

               

              Attest:

            	
              EMERITUS
                CORPORATION

               

               

               

              By:

              Name:

              Title:

            
	 	 
	
              [SEAL]

            	
              ____________________,

              as
                Trustee

               

               

               

              By:

              Name:

              Title:

            

    

    

    
      
         

      

      
        90Exhibit 10.29

    
      
        

      
Exhibit
      10.29

     

     

    
 

    MEXICAN
      RESTAURANTS, INC.

    1135
      Edgebrook

    Houston,
      Texas 77034-1899

    

                                                        Dated:
      March 29,
      2007

    

    

    Bank
      of
      America, N.A.

    (successor
      by merger to Fleet National Bank)

    100
      Federal Street

    Boston,
      Massachusetts 02110

    

    
      	 	
              Re:

            	
              Amendment
                No. 3 to Amended and Restated Revolving
                Credit

            

    

    and
      Term Loan Agreement      

    

    Ladies
      and Gentlemen:

    

    We
      refer
      to the Amended and Restated Revolving Credit and Term Loan Agreement (as
      amended, the “Loan Agreement”), dated as of January 7, 2004, between Mexican
      Restaurants, Inc. (the “Borrower”) and Bank of America, N.A. (successor by
      merger to Fleet National Bank) (the “Lender”). All of the words and expressions
      used in this letter of agreement (this “Amendment No. 3”) which are not defined
      herein, but which are defined in the Loan Agreement, shall have the same
      meanings herein as specified therefor in the Loan Agreement.

    

    We
      have
      requested that you make certain amendments to the Loan Agreement and you have
      advised us that you are prepared and would be pleased to make the amendments
      requested by us, but only on the condition that we join with you in this letter
      of agreement.

    

    Accordingly,
      in consideration of the premises and the promises, mutual covenants and
      agreements contained in this Amendment No. 3, and fully intending to be legally
      bound by this Amendment No. 3, we hereby agree with you as
      follows:

    
      
        

        --

        1706662

         

      

      
         

        
          

        

      

      
         

      

    

    

    ARTICLE
      I

    

    AMENDMENTS
      TO LOAN AGREEMENT

    

    Effective
      as of December 31, 2006 (herein the “Modification Date”), the Loan Agreement is
      amended as follows: 

    

    (a) Each
      reference in any Loan Document to the Loan Agreement shall be deemed to include
      this Amendment No. 3, and this Amendment No. 3 shall be deemed to be a Loan
      Document for all purposes under the Loan Agreement.

    

    (b) Section
      1.18 of the Loan Agreement is deleted in its entirety and the following is
      substituted in lieu thereof:

    

    “1.18
      “Consolidated
      Cash Flow”
      means,
      in relation to the Borrower Affiliated Group on a Consolidated basis for any
      period, Consolidated EBITDAR for such period minus
      (a) cash
      Taxes paid during such period, minus
      (b)
      Consolidated Maintenance Capital Expenditures during such period, and
plus (c)
      the
      aggregate amount of any Restricted Payments made pursuant to Section 5.9 in
      connection with vest
      options purchased
      directly
      from the Company's former Chief Executive Officer, Curt Glowacki, in the fourth
      quarter of fiscal year 2006.

    

    (c) The
      definition of “Revolving Credit Maturity Date” contained in Section 1.65 of the
      Loan Agreement, and the fifth paragraph of the Revolving Credit Note, are each
      amended: (i) by deleting the reference therein to the date “January 7, 2009”;
      and (ii) by inserting in its place the following: “December 31,
      2011”.

    

    (d) Section
      1.66 of the Loan Agreement is deleted in its entirety and the following is
      substituted in lieu thereof:

    

    “1.66 “Revolving
      Credit Maximum Amount”
      means
      Seven Million Five Hundred Thousand Dollars ($7,500,000.00).”

    

    (e) Section
      1.68 of the Loan Agreement is deleted in its entirety and the following is
      substituted in lieu thereof:

    

    “1.68
      “Revolving
      Loan Commitment” means,
      subject to the limitations set forth in this Agreement, Seven Million Five
      Hundred Thousand Dollars ($7,500,000.00).”

    

    (f) Notwithstanding
      anything to the contrary contained in the Loan Agreement or any other Loan
      Document (including, without limitation, Section 2.2 of the Loan Agreement
      and the Term Note), the Term Loan and the Term Loan Commitment are each hereby
      terminated and all amounts advanced under the Term Loan are hereby deemed to
      be
      advances under the Revolving Loan.

    

    (g) The
      table
      set forth in Section 2.6 of the Loan Agreement is amended to read in its
      entirety as follows:

    

    
      	
              Table
                1

              Applicable
                Interest Rate Margins

            
	
               

               

              Level

            	
               

              Rent
                Adjusted Leverage

            	
              Applicable
                Prime Rate Margin

            	
              Applicable
                LIBOR Margin

            
	
              I

            	
              x<4.25x

            	
              0.00%

            	
              2.00%

            
	
              II

            	
              4.25x<x<4.50x

            	
              0.50%

            	
              2.50%

            
	
              III

            	
              x>4.50x

            	
              1.00%

            	
              3.00%

            

    

    

    (h) Clause
      (iii) of Section 5.9 of the Loan Agreement is amended: (i) by deleting the
      reference to “$2,000,000” contained therein; and (ii) by inserting in its place
      the following: “$2,700,000”.

    

    (i) Section
      5.16 of the Loan Agreement is deleted in its entirety and the following is
      substituted in lieu hereof:

    

    “5.16 Financial
      Covenants.

    

    5.16(a) Maximum
      Rent Adjusted Consolidated Leverage Ratio. The
      Borrower shall not permit the ratio of (a) Consolidated Funded Indebtedness
      plus
      an
      amount equal to rental expense (including all, if any, percentage rent and
      other
      monetary obligations under each real property Lease to which any member of
      the
      Borrower Affiliated Group is a party) multiplied by 8 to (b) Consolidated
      EBITDAR to exceed 4.75 to 1.00 as of the last day of each fiscal quarter (as
      determined at the end of each such fiscal quarter for the four consecutive
      fiscal quarters then ending).

    

    5.16(b) Minimum
      Consolidated Cash Flow Coverage.
      The
      Borrower shall not permit the ratio of (a) Consolidated Cash Flow to (b)
      Consolidated Financial Obligations plus
      rental
      expense (including all, if any, percentage rent and other monetary obligations
      under each real property Lease to which any member of the Borrower Affiliated
      Group is a party) to be less than 1.25 to 1.0 as at the end of any fiscal
      quarter (as determined at the end of each such fiscal quarter for the four
      consecutive fiscal quarters then ending).

    

    5.16(c) Maximum
      Consolidated Capital Expenditures.
      The
      Borrower shall not permit the amount of Consolidated Capital Expenditures in
      any
      period to exceed the amount specified opposite such period in the table set
      forth below; provided,
      however,
      that
      with respect to the maximum amounts reflected in the table set forth below,
      in
      any given fiscal year up to 25% of the unused portion of such amount may be
      carried over to the next fiscal year.

    

    
      	
              Period

            	
              Maximum
                Amount

            
	
              Fiscal
                Year 2006

            	
              $
                6,000,000

            
	
              Fiscal
                Year 2007

            	
              $
                5,600,000

            
	
              Fiscal
                Year 2008

            	
              $
                7,000,000

            
	
              Fiscal
                Year 2009

            	
              $
                8,750,000

            
	
              Fiscal
                Year 2010

            	
              $10,500,000

            
	
              Fiscal
                Year 2011

            	
              $12,500,000”

            

    

    

    (j) The
      Amended and Restated Revolving Credit Note is amended: (i) by deleting
      references to “$5,000,000.00” and “FIVE MILLION and 00/100 Dollars
      ($5,000,000.00)”, as applicable; (ii) by inserting in its place the following:
“$7,500,000.00” and “SEVEN MILLION FIVE HUNDRED THOUSAND and 00/100 Dollars
      ($7,500,000.00)”, respectively; and (iii) by extending the maturity date thereof
      to December 31, 2011.

    

    ARTICLE
      II

    

    REPRESENTATIONS
      AND WARRANTIES

    

    The
      Borrower hereby represents and warrants to the Lender as follows:

    

    (a) Representations
      in Loan Documents.
      Each of
      the representations and warranties made by or on behalf of the Borrower or
      any
      other member of the Borrower Affiliated Group to you in any of the Loan
      Documents, as amended by this Amendment No. 3, was true and correct when made,
      was true and correct on and as of the Modification Date and is true and correct
      on and as of the date hereof (except to the extent that such representations
      and
      warranties relate expressly to an earlier date) with the same full force and
      effect as if each of such representations and warranties had been made by the
      Borrower or such other member of the Borrower Affiliated Group on the date
      hereof and in this Amendment No. 3.

    

    (b) Defaults.
      No
      Default or Event of Default exists on the date hereof.

    

    (c) Binding
      Effect of Documents.
      This
      Amendment No. 3 has been duly executed and delivered to you by the Borrower
      and
      is in full force and effect as of the date hereof, and the agreements and
      obligations of the Borrower contained herein constitute the legal, valid and
      binding obligations of the Borrower, enforceable against the Borrower in
      accordance with its terms.

    

    ARTICLE
      III

    

    PROVISIONS
      OF GENERAL APPLICATION

    

    (a) No
      Other Changes.
      Except
      as otherwise expressly provided by this Amendment No. 3, all of the terms,
      conditions and provisions of the Loan Agreement and the other Loan Documents
      remain unaltered. The Loan Agreement and this Amendment No. 3 shall be read
      and
      construed as one agreement. The making of the amendments in this Amendment
      No. 3
      does not imply any obligation or agreement by the Lender to make any other
      amendment, waiver, modification or consent as to any matter on any subsequent
      occasion. 

    

    (b) Governing
      Law.
      This
      Amendment No. 3 is intended to take effect as a sealed instrument and shall
      be deemed to be a contract under the laws of the Commonwealth of Massachusetts.
      This Amendment No. 3 and the rights and obligations of each of the parties
      hereto are contracts under the laws of the Commonwealth of Massachusetts and
      shall for all purposes be construed in accordance with and governed by the
      laws
      of such Commonwealth (without regard to conflicts of law rules).

    

    (c) Binding
      Effect; Assignment.
      This
      Amendment No. 3 shall be binding upon and inure to the benefit of each of the
      parties hereto and their respective successors and assigns.

    

    (d) Counterparts.
      This
      Amendment No. 3 may be executed in any number of counterparts, but all such
      counterparts shall together constitute but one and the same agreement. In making
      proof of this Amendment No. 3, it shall not be necessary to produce or account
      for more than one counterpart hereof signed by each of the parties
      hereto.

    

    (e) Conflict
      with Other Agreements.
      If any
      of the terms of this Amendment No. 3 shall conflict in any respect with any
      of the terms of any of the Loan Documents, the terms of this Amendment No.
      3
      shall be controlling.

    

    (f) Conditions
      Precedent.
      The
      obligation of the Lender to make the foregoing amendments to the Loan Agreement
      is subject to (i) the Lender having received an executed original counterpart
      of
      this Amendment No. 3, duly executed and delivered by the Borrower, and (ii)
      the
      Lender having signed this Amendment No. 3.

    

    If
      you
      are in agreement with the foregoing, please sign below and deliver a signed
      counterpart hereof to the undersigned, whereupon this Amendment No. 3, as so
      accepted by you, shall become a binding agreement among you and the
      undersigned.

    

    

                                            Very
      truly
      yours,

    

                                            MEXICAN
      RESTAURANTS,
      INC.

    

    

                                            By:_____________________

                                            Name:

                                            Title:

                                            On
      behalf of, and in
      his capacity as

                                            Vice
      President of,
      the Borrower and each

                                            other
      member of the
      Borrower Affiliated Group

    

    ACCEPTED
      AND AGREED:

    

    BANK
      OF
      AMERICA, N.A.

    (successor
      by merger to Fleet National Bank)

    

    

    

    By:________________________

    Name:
      

    Title:

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