Document:

Exhibit 4.3

                                                                                                                                                    EXHIBIT
      4.3

     

     

     

    COMMON
      STOCK                                         
     
COMMON
      STOCK

                
      PAR
      VALUE $.01                                                      THIS
      CERTIFICATE IS TRANSFERABLE
      IN 

                    
NEW
      YORK, NY
      OR DENVER,
      CO

     

     

         
      Certificate                                                                         
          CENTURY CASINOS,
      INC.                                          Shares

       
      Number                                        INCORPORATED
      UNDER THE LAWS OF THE STATE OF
      DELAWARE                 **
      600620 ******

        
      ZQ 000410                                                                             
***
      600620
      *****

                                                                                                                                                     
       ****
      600620 ****

                                                                                 
*****
      600620 ***

                                                                                                                                           
 ******
      600620
      **

     

    THIS
      CERTIFIES THAT                        MR.
      SAMPLE & MRS.
      SAMPLE &                CUSIP
      156492 10
      0

                                            MR.
      SAMPLE & MRS.
      SAMPLE           SEE
      REVERSE FOR CERTAIN DEFNIITIONS

     

                                        *
      * * SIX HUNDRED
      THOUSAND

                                        SIX
      HUNDRED AND TWENTY* * *

                   

                        FULLY-PAID
      AND NON-ASSESSABLE SHARES OF THE
      COMMON STOCK OF

     

     

    Century
      Casinos, Inc. (hereinafter called the “Company”), transferable on the books of
      the Company in person or by attorney, upon surrender of this Certificate
      properly endorsed or assigned. This Certificate and the shares represented
      hereby are subject to the laws of the State of Delaware, and to the Articles
      of
      Incorporation and By-Laws of the Company, as now or hereafter amended. This
      Certificate is not valid until countersigned and registered by the Transfer
      Agent and Registrar.

    

    

    

    

    /s/
      Erwin
      Haitzmann                                                         
DATED
      <<Month Day, Year>>

    Chairman
      & Co Chief Executive Officer                                                   COUNTERSIGNED
      AND RETISTERED

                                     COMPUTERSHARE
      TRUST CO.,
      INC.

                                     (DENVER)

                                     TRANSFER
      AGENT AND
      REGISTRAR

    

    /s/
      Peter
      Hoetzinger

    Vice
      Chairman & Co Chief Executive Officer                                             By
      _____________________________

                                    AUTHORIZED
      SIGNATURE

    

    

    

    

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    CENTURY
      CASINOS, INC.

    

    TRANSFER
      FEE: $25.00 PER NEW CERTIFICATE ISSUED

    

    The
      following abbreviations, when used in the inscription on the face of this
      certificate, shall be construed as though they were written out in full
      according to applicable laws or regulations:

    

    TEN
      COM -
      as tenants in common               UNIF
      GIFT
      MIN ACT - . . . . . . .  Custodian . . . . . . . . .

                                          
      (Cust)      
(Minor)

    TEN
      ENT -
      as tenants by the entireties                   under
      Uniform Gifts
      to Minors Act . . . . . . . .

                                         
      (State)

    JT
      TEN -
      as joint tenants with right of survivorship

         and
      not as tenants in
      common

    

    Additional
      abbreviations may also be used though not in the above list.

    

    THIS
      CERTIFICATE ALSO EVIDENCES AND ENTITLES THE HOLDER HEREOF TO CERTAIN RIGHTS
      AS
      SET FORTH IN A RIGHTS AGREEMENT BETWEEN CENTURY CASINOS, INC. (THE “COMPANY”)
      AND COMPUTERSHARE INVESTOR SERVICES, LLC, AS AMENDED ON JULY 16, 2002, AS IT
      MAY
      FROM TIME TO TIME BE SUPPLEMENTED OR AMENDED PURSUANT TO ITS TERMS (THE “RIGHTS
      AGREEMENT”), THE TERMS OF WHICH ARE HEREBY INCORPORATED HEREIN BY REFERENCE AND
      A COPY OF WHICH IS ON FILE AT THE PRINCIPAL EXECUTIVE OFFICES OF THE COMPANY.
      UNDER CERTAIN CIRCUMSTANCES, AS SET FORTH IN THE RIGHTS AGREEMENT, SUCH RIGHTS
      MAY BE REDEEMED, MAY EXPIRE, OR MAY BE EVIDENCED BY SEPARATE CERTIFICATES AND
      NO
      LONGER BE EVIDENCED BY THIS CERTIFICATE. THE COMPANY WILL MAIL TO THE HOLDER
      OF
      RECORD OF THIS CERTIFICATE A COPY OF THE RIGHTS AGREEMENT WITHOUT CHARGE WITHIN
      TEN BUSINESS DAYS AFTER RECEIPT OF A WRITTEN REQUEST THEREFOR. UNDER CERTAIN
      CIRCUMSTANCES, AS SET FORTH IN THE RIGHTS AGREEMENT, RIGHTS ISSUED TO, OR HELD
      BY, ANY PERSON WHO IS, WAS OR BECOMES AN ACQUIRING PERSON OR AN AFFILIATE OR
      ASSOCIATE THEREOF (AS SUCH TERMS ARE DEFINED IN THE RIGHTS AGREEMENT), WHETHER
      CURRENTLY HELD BY OR ON BEHALF OF SUCH PERSON OR BY ANY SUBSEQUENT HOLDER,
      MAY
      BECOME NULL AND VOID.

    

    For
      value
      received, ___________________hereby sell, assign and transfer unto

    

    PLEASE
      INSERT SOCIAL SECURITY 

    OR
      OTHER
      IDENTIFYING 

    NUMBER
      OF
      ASSIGNEE

     

    
      

    

     

    
      
        

      

       

    

    

    
      
        

      

    

    (PLEASE
      PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF
      ASSIGNEE)

     

    
      
        

      

       

      
        

      

       

      
        

      

      Shares
        of
        the Common Stock represented by the within Certificate, and do hereby
        irrevocably constitute (and appoint)

       

    

    
      
        

      

      Attorney
        to transfer the said stock on the books of the within-named Corporation with
        full power of substitution in the premises.

    

    

    Dated:
      ____________________20_______                 Signature:
      _________________________________________

    

    

    Signature(s)
      Guaranteed:                             Signature:
      _________________________________________

    BY:
      _________________________________________________                                Notice:
      THE SIGNATURE
      TO THIS ASSIGNMENT MUST CORRESPOND

    THE
      SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE
      GUARANTOR                                       
      WITH THE NAME AS
      WRITTEN UPON THE FACE OF THE

    INSTITUTION
      (Banks, Stockbrokers, Savings and Loan Associations and Credit
      Unions)                                      
 CERTIFICATE,
      IN EVERY PARTICULAR,
      WITHOUT ALTERATION

    WITH
      MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE
      MEDALLION                                    OR
      ENLARGEMENT, OR ANY CHANGE
      WHATEVER.

    PROGRAM,
       PURSUANT TO S.E.C. RULE 17Ad-15.

    

    The
      shares represented hereby are subject to redemption by the Company at fair
      market value if the Board of Directors determines that redemption is necessary
      to obtain a governmental license or franchise to conduct any portion of the
      business of the Company or any subsidiary or prevent the loss or secure the
      reinstatement of any governmental license or franchise. The redemption price
      may
      be paid in cash, redemption securities of the Company or any combination
      thereof. The shares represented hereby may not be transferred in any manner
      except in accordance with the provisions of the Colorado Limited Gaming Act
      (the
“Gaming Act”) and the regulations thereunder and in accordance with the
      provisions of any other gaming laws, (“other gaming laws”) and the regulations
      thereunder to which the Company is subject. Any transfer in violation thereof
      shall be void until (i) the Company shall cease to be subject to the
      jurisdiction of the Colorado Limited Gaming Control Commission or any other
      Gaming Regulatory Authority as the case may be, or (ii) such Regulatory
      Authority(ies) shall by affirmative action validate the transfer or waive any
      defect in the transfer. If the Colorado Limited Gaming Control Commission or
      any
      other Gaming Authority with jurisdiction over the Company determines that the
      holder of shares represented hereby is unsuitable to hold the shares, then
      the
      Company may purchase the shares at the lesser of the cash equivalent of the
      holder’s investment in the shares or the current market price as of the date of
      finding of unsuitability, unless the voting securities are transferred to a
      suitable person as determined by the appropriate Gaming Authority. Until the
      shares are owned by persons found by the appropriate Gaming Authority to be
      suitable to own them, (A) The Company shall not be required or permitted to
      pay
      any dividend or interest with regard to the shares, (B) The holder of the shares
      shall not be entitled to vote on any matter as the holder of the shares, and
      the
      shares shall not for any purposes be included in the securities of the Company
      entitled to vote, and (C) The Company shall not pay any remuneration in any
      form
      to the holder of the shares. The foregoing restrictions are contained in full
      in
      the Certificate of Incorporation of the Company which is on file at the offices
      of the Company.

    

    The
      Company is authorized to issue shares of more than one class or series. Pursuant
      to Section 151 of the Delaware General Corporation Law, the Company will furnish
      without charge to each stockholder who requests (addressed to the attention
      of
      the Secretary), a statement which sets forth the powers, designations,
      preferences and relative, participating, optional or other special rights of
      each class of stock or series thereof and the qualifications, limitations or
      restrictions of such preferences and/or rights.Exhibit 4.7 Form of Indenture

    

                                                                                    

    

                                                                                    EXHIBIT
      4.7

    

    
      

      

    

    

    

    

    CENTURY
      CASINOS, INC.

    

    TO

    

    

    ______________________________

    

    Trustee

    

    

    ________________

    

    

    

    INDENTURE

    

    

    Dated
      as of __________, 200_

    

    

    ________________

    

    

    

    

    

    

    

    

    

    

    
      

      

    

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    CENTURY
      CASINOS, INC.

    

    Reconciliation
      and tie between Trust Indenture Act of 1939 and

    Indenture,
      dated as of ______________, 200__

    

    Trust
      Indenture Act Section                                                                     Indenture
      Section

    
      	
            
	
              §310(a)(1)

            	 	
              609

            
	
              (a)(2)

            	 	
              609

            
	
              (a)(3)

            	 	
              Not
                Applicable

            
	
              (a)(4)

            	 	
              Not
                Applicable

            
	
              (a)(5)

            	 	
              609

            
	
              (b)

            	 	
              608,
                610

            
	
              (c)

            	 	
              Not
                Applicable

            
	
              §311(a)

            	 	
              613

            
	
              (b)

            	 	
              613

            
	
              §312(a)

            	 	
              701,
                702(a)

            
	
              (b)

            	 	
              702(b)

            
	
              (c)

            	 	
              702(c)

            
	
              §313(a)

            	 	
              703(a)

            
	
              (b)

            	 	
              703(a)

            
	
              (c)

            	 	
              703(a)

            
	
              (d)

            	 	
              703(b)

            
	
              §314(a)

            	 	
              704,
                1011

            
	
              (b)

            	 	
              Not
                Applicable 

            
	
              (c)(1)

            	 	
              102

            
	
              (c)(2)

            	 	
              102

            
	
              (c)(3)

            	 	
              Not
                Applicable 

            
	
              (d)

            	 	
              Not
                Applicable 

            
	
              (e)

            	 	
              102

            
	
              §315(a)

            	 	
              601

            
	
              (b)

            	 	
              602

            
	
              (c)

            	 	
              601

            
	
              (d)

            	 	
              601

            
	
              (e)

            	 	
              514

            
	
              §316(a)

            	 	
              101

            
	
              (a)(1)(A)

            	 	
              104(h),
                502, 512

            
	
              (a)(1)(B)

            	 	
              104(h),
                513

            
	
              (a)(2)

            	 	
              Not
                Applicable 

            
	
              (b)

            	 	
              508

            
	
              (c)

            	 	
              104(h)

            
	
              §317(a)(1)

            	 	
              503

            
	
              (a)(2)

            	 	
              504

            
	
              (b)

            	 	
              1003

            
	
              §318(a)

            	 	
              107

            
	
              (c)

            	 	
              107

            

    

    

    _____________________________

    

    
      	 	
              Note:
                This reconciliation and tie shall not, for any purpose, be deemed
                to be
                part of the Indenture.

            

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    TABLE
      OF CONTENTS

    Page

    

    
      	
              Parties

            	 	
              1

            
	
              Recitals

            	 	
              1

            

    

     

    ARTICLE
      ONE

    
    

    Definitions
      and Other Provisions of General Application

     

    
      	
              Section
                101.

            	
              Definitions

            	
              1

            
	 	
              Act

            	
              2

            
	 	
              Affiliate

            	
              2

            
	 	
              Authenticating
                Agent

            	
              2

            
	 	
              Authorized
                Newspaper

            	
              2

            
	 	
              Bearer
                Security

            	
              2

            
	 	
              Board
                of Directors

            	
              2

            
	 	
              Board
                Resolution

            	
              2

            
	 	
              Business
                Day

            	
              2

            
	 	
              Clearstream

            	
              2

            
	 	
              Commission

            	
              2

            
	 	
              Company

            	
              3

            
	 	
              Company
                Request

            	
              3

            
	 	
              Corporate
                Trust Office

            	
              3

            
	 	
              Corporation

            	
              3

            
	 	
              Coupon

            	
              3

            
	 	
              Debt
                Securities

            	
              3

            
	 	
              Defaulted
                Interest

            	
              3

            
	 	
              Depositary

            	
              3

            
	 	
              Designated
                Currency

            	
              3

            
	 	
              Dollar

            	
              3

            
	 	
              Euro

            	
              3

            
	 	
              Euroclear

            	
              4

            
	 	
              European
                Communities

            	
              4

            
	 	
              Event
                of Default

            	
              4

            
	 	
              Exchange
                Rate

            	
              4

            
	 	
              Exchange
                Rate Agent

            	
              4

            
	 	
              Exchange
                Rate Officer’s Certificate

            	
              4

            
	 	
              Foreign
                Currency

            	
              4

            
	 	
              GAAP

            	
              4

            
	 	
              Global
                Exchange Agent

            	
              4

            
	 	
              Global
                Exchange Date

            	
              4

            
	 	
              Global
                Security

            	
              4

            

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	 	
              Government
                Obligations

            	
              4

            
	 	
              Holder

            	
              4

            
	 	
              Indebtedness

            	
              5

            
	 	
              Indenture

            	
              5

            
	 	
              Interest

            	
              5

            
	 	
              Interest
                Payment Date

            	
              5

            
	 	
              Maturity

            	
              5

            
	 	
              Mortgage

            	
              5

            
	 	
              Officers’
                Certificate

            	
              5

            
	 	
              Opinion
                of Counsel

            	
              5

            
	 	
              Original
                Issue Discount Security

            	
              5

            
	 	
              Outstanding

            	
              5

            
	 	
              Paying
                Agent

            	
              6

            
	 	
              Person

            	
              6

            
	 	
              Place
                of Payment

            	
              6

            
	 	
              Predecessor
                Security

            	
              6

            
	 	
              Preferred
                Stock

            	
              6

            
	 	
              Redemption
                Date

            	
              7

            
	 	
              Redemption
                Price

            	
              7

            
	 	
              Registered
                Security

            	
              7

            
	 	
              Regular
                Record Date

            	
              7

            
	 	
              Remarketing
                Entity

            	
              7

            
	 	
              Repayment
                Date

            	
              7

            
	 	
              Repayment
                Price

            	
              7

            
	 	
              Responsible
                Officer

            	
              7

            
	 	
              Security
                Register

            	
              7

            
	 	
              Special
                Record Date

            	
              7

            
	 	
              Stated
                Maturity

            	
              7

            
	 	
              Subsidiary

            	
              7

            
	 	
              Trust
                Indenture Act

            	
              7

            
	 	
              Trustee

            	
              7

            
	 	
              United
                States

            	
              8

            
	 	
              United
                States Alien

            	
              8

            
	 	
              Voting
                Stock

            	
              8

            

    

     

    

      
        	
                Section
                  102.

              	
                Compliance
                  Certificates and Opinions 

              	
                8

              
	
                Section
                  103.

              	
                Form
                  of Documents Delivered to Trustee 

              	
                9

              
	
                Section
                  104.

              	
                Acts
                  of Holders 

              	
                9

              
	
                Section
                  105.

              	
                Notices,
                  etc, to Trustee and Company

              	
                12

              
	
                Section
                  106.

              	
                Notice
                  to Holders; Waiver 

              	
                12

              

      

    

       

    

    
      
        
        

      

      
        ii

        
          

        

      

      
        
        

      

    

     

    
      
        	
                Section
                  107.

              	
                Conflict
                  with Trust Indenture Act

              	
                13

              
	
                Section
                  108.

              	
                Effect
                  of Headings and Table of Contents

              	
                13

              
	
                Section
                  109.

              	
                Successors
                  and Assigns

              	
                13

              
	
                Section
                  110.

              	
                Separability
                  Clause

              	
                13

              
	
                Section
                  111.

              	
                Benefits
                  of Indenture

              	
                13

              
	
                Section
                  112.

              	
                Governing
                  Law

              	
                13

              
	
                Section
                  113.

              	
                Legal
                  Holidays

              	
                14

              
	
                Section
                  114.

              	
                Exemption
                  from Individual Liability

              	
                14

              
	
                Section
                  115.

              	
                Counterparts

              	
                14

              

      

       

       

       

      ARTICLE
        TWO

      
      

      Debt
        Security Forms

       

      

      
        	
                Section
                  201.

              	
                Forms
                  Generally

              	
                14

              
	
                Section
                  202.

              	
                Form
                  of Trustee’s Certificate of Authentication

              	
                15

              
	
                Section
                  203.

              	
                Debt
                  Securities in Global Form

              	
                15

              

      

       

       

       

      ARTICLE
        THREE

      The
        Debt
        Securities

       

      

      
        	
                Section
                  301.

              	
                Amount
                  Unlimited; Issuance in Series

              	
                16

              
	
                Section
                  302.

              	
                Denominations

              	
                19

              
	
                Section
                  303.

              	
                Execution,
                  Authentication, Delivery and Dating

              	
                19

              
	
                Section
                  304.

              	
                Temporary
                  Debt Securities

              	
                22

              
	
                Section
                  305.

              	
                Registration;
                  Registration of Transfer and Exchange

              	
                24

              
	
                Section
                  306.

              	
                Mutilated,
                  Destroyed, Lost and Stolen Debt Securities

              	
                27

              
	
                Section
                  307.

              	
                Payment
                  of Interest; Interest Rights Preserved

              	
                28

              
	
                Section
                  308.

              	
                Persons
                  Deemed Owners

              	
                30

              
	
                Section
                  309.

              	
                Cancellation

              	
                30

              
	
                Section
                  310.

              	
                Computation
                  of Interest

              	
                31

              
	
                Section
                  311.

              	
                Certification
                  by a Person Entitled to Delivery of a Bearer Security

              	
                31

              
	
                Section
                  312.

              	
                Judgments

              	
                31

              

      

    

     

     

    
      
        
        

      

      
        iii

        
          

        

      

      
        
        

      

    

     

    
      ARTICLE
        FOUR

      
      

      Satisfaction
        and Discharge

       

      
        	
                Section
                  401.

              	
                Satisfaction
                  and Discharge of Indenture

              	
                32

              
	
                Section
                  402.

              	
                Application
                  of Trust Money and Government Obligations

              	
                33

              
	
                Section
                  403.

              	
                Satisfaction,
                  Discharge and Defeasance of Debt Securities of any Series

              	
                34

              

      

       

       

      ARTICLE
        FIVE

      Remedies

       

      
        	
                Section
                  501.

              	
                Events
                  of Default

              	
                36

              
	
                Section
                  502.

              	
                Acceleration
                  of Maturity; Rescission and Annulment

              	
                37

              
	
                Section
                  503.

              	
                Collection
                  of Indebtedness and Suits for Enforcement by Trustee

              	
                38

              
	
                Section
                  504.

              	
                Trustee
                  May File Proofs of Claim

              	
                38

              
	
                Section
                  505.

              	
                Trustee
                  May Enforce Claims without Possession of Debt Securities 

              	 
	 	
                or
                  Coupons

              	
                39

              
	
                Section
                  506.

              	
                Application
                  of Money Collected

              	
                39

              
	
                Section
                  507.

              	
                Limitation
                  on Suits

              	
                40

              
	
                Section
                  508.

              	
                Unconditional
                  Right of Holders to Receive Principal, Premium and
                  Interest

              	
                40

              
	
                Section
                  509.

              	
                Restoration
                  of Rights and Remedies

              	
                41

              
	
                Section
                  510.

              	
                Rights
                  and Remedies Cumulative

              	
                41

              
	
                Section
                  511.

              	
                Delay
                  or Omission Not Waiver

              	
                41

              
	
                Section
                  512.

              	
                Control
                  by Holders of Debt Securities

              	
                41

              
	
                Section
                  513.

              	
                Waiver
                  of Past Defaults

              	
                42

              
	
                Section
                  514.

              	
                Undertaking
                  for Costs

              	
                42

              
	
                Section
                  515.

              	
                Waiver
                  of Stay or Extension Laws

              	
                42

              

      

       

      ARTICLE
        SIX

      The
        Trustee

       

      
        	
                Section
                  601.

              	
                Certain
                  Duties and Responsibilities

              	
                43

              
	
                Section
                  602.

              	
                Notice
                  of Default

              	
                43

              
	
                Section
                  603.

              	
                Certain
                  Rights of Trustee

              	
                43

              

      

    
      
        
        

      

      
        iv

        
          

        

      

      
        
        

      

    

    

      
        	
                Section
                  604.

              	
                Not
                  Responsible for Recitals or Issuance of Debt Securities

              	
                44

              
	
                Section 605.

              	
                May
                  Hold Debt Securities or Coupons 

              	
                44

              
	
                Section
                  606.

              	
                Money
                  Held in Trust 

              	
                45

              
	
                Section 607.

              	
                Compensation
                  and Reimbursement 

              	
                45

              
	
                Section 608.

              	
                Disqualification;
                  Conflicting Interests 

              	
                46

              
	
                Section
                  609.

              	
                Corporate
                  Trustee Required; Eligibility 

              	
                46

              
	
                Section
                  610.

              	
                Resignation
                  and Removal; Appointment of Successor 

              	
                46

              
	
                Section
                  611.

              	
                Acceptance
                  of Appointment by Successor 

              	
                48

              
	
                Section
                  612.

              	
                Merger,
                  Conversion, Consolidation or Succession to Business

              	
                49

              
	
                Section
                  613.

              	
                Preferential
                  Collection of Claims Against Company 

              	
                49

              
	
                Section
                  614.

              	
                Authenticating
                  Agent 

              	
                49

              

      

       

      ARTICLE
        SEVEN

      Holders’
        Lists and Reports By Trustee and Company

       

      
        	
                Section
                  701.

              	
                Company
                  to Furnish Trustee Names and Addresses of Holders

              	
                51

              
	
                Section
                  702.

              	
                Preservation
                  of Information; Communications to Holders

              	
                51

              
	
                Section
                  703.

              	
                Reports
                  by Trustee

              	
                51

              
	
                Section
                  704.

              	
                Reports
                  by Company

              	
                52

              

      

       

      ARTICLE
        EIGHT

      Consolidation,
        Merger, Conveyance, Transfer or Lease

       

      
        	
                Section
                  801.

              	
                Company
                  May Consolidate, etc. Only on Certain Terms

              	
                52

              
	
                Section
                  802.

              	
                Successor
                  Corporation Substituted

              	
                53

              

      

       

      ARTICLE
        NINE

      Supplemental
        Indentures

       

      
        	
                Section
                  901.

              	
                Supplemental
                  Indentures without Consent of Holders

              	
                53

              
	
                Section
                  902.

              	
                Supplemental
                  Indentures with Consent of Holders

              	
                54

              
	
                Section
                  903.

              	
                Execution
                  of Supplemental Indentures

              	
                55

              
	
                Section
                  904.

              	
                Effect
                  of Supplemental Indentures

              	
                55

              
	
                Section
                  905.

              	
                Conformity
                  with Trust Indenture Act

              	
                56

              
	
                Section
                  906.

              	
                Reference
                  in Debt Securities to Supplemental Indentures

              	
                56

              

      

    

    
      
        v

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      
      

      ARTICLE
        TEN

      Covenants

       

      
        	
                Section
                  1001.

              	
                Payment
                  of Principal, Premium and Interest

              	
                56

              
	
                Section
                  1002.

              	
                Maintenance
                  of Office or Agency

              	
                56

              
	
                Section
                  1003.

              	
                Money
                  for Debt Securities Payments to Be Held in Trust

              	
                57

              
	
                Section
                  1004.

              	
                Corporate
                  Existence

              	
                59

              
	
                Section
                  1005.

              	
                Maintenance
                  of Properties

              	
                59

              
	
                Section
                  1006.

              	
                Payment
                  of Additional Amounts

              	
                59

              
	
                Section
                  1007.

              	
                Payment
                  of Taxes and Other Claims

              	
                60

              
	
                Section
                  1008.

              	
                Officer’s
                  Certificate as to Default

              	
                60

              
	
                Section
                  1009.

              	
                Waiver
                  of Certain Covenants

              	
                60

              

      

       

      ARTICLE
        ELEVEN

      Redemption
        of Debt Securities

       

      
        	
                Section
                  1101.

              	
                Applicability
                  of Article

              	
                61

              
	
                Section
                  1102.

              	
                Election
                  to Redeem; Notice to Trustee

              	
                61

              
	
                Section
                  1103.

              	
                Selection
                  by Trustee of Debt Securities to be Redeemed

              	
                61

              
	
                Section
                  1104.

              	
                Notice
                  of Redemption

              	
                62

              
	
                Section
                  1105.

              	
                Deposit
                  of Redemption Price

              	
                62

              
	
                Section
                  1106.

              	
                Debt
                  Securities Payable on Redemption Date

              	
                63

              
	
                Section
                  1107.

              	
                Debt
                  Securities Redeemed in Part

              	
                63

              

      

       

      ARTICLE
        TWELVE

      Sinking
        Funds

       

      
        	
                Section
                  1201.

              	
                Applicability
                  of Article

              	
                64

              
	
                Section
                  1202.

              	
                Satisfaction
                  of Sinking Fund Payments with Debt Securities

              	
                64

              
	
                Section
                  1203.

              	
                Redemption
                  of Debt Securities for Sinking Fund

              	
                64

              

      

       

      ARTICLE
        THIRTEEN

      Repayment
        at the Option of Holders

       

      
        	
                Section
                  1301.

              	
                Applicability
                  of Article

              	
                65

              
	
                Section
                  1302.

              	
                Repayment
                  of Debt Securities

              	
                65

              
	
                Section
                  1303.

              	
                Exercise
                  of Option; Notice

              	
                65

              

      

    
      
        
        

      

      
        vi

        
          

        

      

      
        
        

      

    

    

    

      
        	
                Section
                  1304.

              	
                Election
                  of Repayment by Remarketing Entities

              	
                66

              
	
                Section
                  1305.

              	
                Securities
                  Payable on the Repayment Date

              	
                66

              

      

       

      ARTICLE
        FOURTEEN

      Meetings
        of Holders of Debt Securities

       

      
        	
                Section
                  1401.

              	
                Purposes
                  for Which Meetings May Be Called

              	
                67

              
	
                Section
                  1402.

              	
                Call,
                  Notice and Place of Meetings

              	
                67

              
	
                Section
                  1403.

              	
                Persons
                  Entitled to Vote at Meetings

              	
                67

              
	
                Section
                  1404.

              	
                Quorum;
                  Action

              	
                68

              
	
                Section
                  1405.

              	
                Determination
                  of Voting Rights; Conduct and Adjournment of Meetings

              	
                68

              
	
                Section
                  1406.

              	
                Counting
                  Votes and Recording Action of Meetings

              	
                69

              

      

       

      ARTICLE
        FIFTEEN

      Defeasance

       

      
        	
                Section
                  1501.

              	
                Termination
                  of Company’s Obligations

              	
                70

              
	
                Section
                  1502.

              	
                Repayment
                  to Company

              	
                71

              
	
                Section
                  1503.

              	
                Indemnity
                  for Government Obligations

              	
                71

              

      

    

    
 

    
      
        
          

        

        
        

      

      
        vii

        
          

        

      

      
        
        

        
        

      

    

    INDENTURE
      (the “Indenture”) dated as of ________________, between CENTURY CASINOS, INC., a
      Delaware corporation (hereinafter called the “Company”), having its principal
      place of business at 1263 Lake Plaza Drive, Suite A, Colorado Springs, Colorado
      80906, and _________________________, (hereinafter called the “Trustee”), having
      its Corporate Trust Office at
      ______________________________________________.

     

    RECITALS
      OF THE COMPANY

     

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

     

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

     

    NOW,
      THEREFORE, THIS INDENTURE WITNESSETH:

     

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

     

    ARTICLE
      ONE

     

    Definitions
      and Other Provisions

     

    of
      General Application

     

    Section
      101. Definitions.

     

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

     

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

     

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

     

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

     

    (4) the
      words
“herein,”“hereof” and “hereunder” and other words of similar import refer to
      this Indenture as a whole and not to any particular Article, Section or other
      subdivision.

     

    Certain
      terms, used principally in Article Six, are defined in that
      Article.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

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

     

    “Affiliate”
      of any specified Person means any other Person directly or indirectly
      controlling or controlled by or under direct or indirect common control with
      such specified Person. For the purposes of this definition, “control” when used
      with respect to any specified Person means the power to direct the management
      and policies of such Person, directly or indirectly, whether through the
      ownership of voting securities by contract or otherwise, and the terms
“controlling” and “controlled” have meanings correlative to the
      foregoing.

     

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

     

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

     

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

     

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

     

    “Board
      Resolution” means a copy of a resolution certified by the Secretary or an
      Assistant Secretary of the Company to have been duly adopted by the Board of
      Directors and to be in full force and effect on the date of such certification,
      and delivered to the Trustee. Where any provision of this Indenture refers
      to
      action to be taken pursuant to a Board Resolution (including the establishment
      of any series of the Debt Securities and the forms and terms thereof), such
      action may be taken by any committee of the Board of the Company or any officer
      or employee of the Company authorized to take such action by a Board
      Resolution.

     

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

     

    “Clearstream”
      means Clearstream Banking S.A.

     

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

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

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

     

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

     

    “Corporate
      Trust Office” means the principal office of the Trustee at which at any
      particular time its corporate trust business shall be administered, which office
      at the date of original execution of this Indenture is located at
      ________________________________________________ _______________, Attention:
      _____________________, except that, with respect to presentation of the Debt
      Securities for payment or registration of transfers or exchanges and the
      location of the Security Registrar, such term means the office or agency of
      the
      Trustee in New York, which at the date of original execution of this Indenture
      is located at ____________________________________
      ________________________________________________________________________________.

     

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

     

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

     

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

     

    “Defaulted
      Interest” has the meaning specified in Section 307.

     

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

     

    “Designated
      Currency” has the meaning specified in Section 312.

     

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

     

    “Euro”
      means the single currency of the European Monetary Union as defined under EC
      Regulation 1103/97 adopted under Article 235 of the EU Treaty and under
      EC
      Regulation 974/98 adopted under Article 109l(4)
      of
      the EU Treaty or under any successor European legislation from time to
      time.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    “Euroclear”
      means Morgan Guaranty Trust Company of New York, Brussels Office, as operator
      of
      the Euroclear System.

     

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

     

    “Event
      of
      Default” has the meaning specified in Section 501.

     

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

     

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

     

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

     

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

     

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

     

    “Global
      Exchange Agent” has the meaning specified in Section 304.

     

    “Global
      Exchange Date” has the meaning specified in Section 304.

     

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

     

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

     

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

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    “Indebtedness”
      means (i) all items of indebtedness or liability (except capital and
      surplus) which in accordance with GAAP would be included in determining total
      liabilities as shown on the liability side of a balance sheet as at the date
      as
      of which indebtedness is to be determined, (ii) indebtedness secured
      by any
      Mortgage existing on property owned subject to such Mortgage, whether or not
      the
      indebtedness secured thereby shall have been assumed, and (iii) guarantees,
      endorsements (other than for purposes of collection) and other contingent
      obligations in respect of, or to purchase or otherwise acquire, indebtedness
      of
      others, unless the amount thereof is included in indebtedness under the
      preceding clause (i) or (ii); provided,
      however,
      that any
      obligations or guarantees of obligations in respect of lease rentals, whether
      or
      not such obligations or guarantees of obligations would be included as
      liabilities on a consolidated balance sheet of the Company and its Subsidiaries,
      shall not be included in Indebtedness.

     

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

     

    “Interest,”
      when used with respect to an Original Issue Discount Security which by its
      terms
      bears interest only after Maturity, means interest payable after
      Maturity.

     

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

     

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

     

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

     

    “Officers’
      Certificate” means a certificate signed by the Chairman of the Board, a Vice
      Chairman of the Board, the President or a Vice President, and by the Treasurer,
      an Assistant Treasurer, the Controller, an Assistant Controller, the Secretary
      or an Assistant Secretary of the Company, and delivered to the
      Trustee.

     

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

     

    “Original
      Issue Discount Security” means any Debt Security which provides for an amount
      less than the principal amount thereof to be due and payable upon a declaration
      of acceleration of the Maturity thereof pursuant to
      Section 502.

     

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

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

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

     

    (ii) Debt
      Securities or portions thereof for whose payment or redemption money or
      Government Obligations in the necessary amount has been theretofore deposited
      with the Trustee or any Paying Agent (other than the Company) in trust or set
      aside and segregated in trust by the Company (if the Company shall act as its
      own Paying Agent) for the Holders of such Debt Securities and any coupons
      appertaining thereto; provided,
      however,
      that if
      such Debt Securities are to be redeemed, notice of such redemption has been
      duly
      given pursuant to this Indenture or provision therefor satisfactory to the
      Trustee has been made; and

     

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

     

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

    

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

     

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

     

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

     

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

     

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

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

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

     

    “Redemption
      Price,” when used with respect to any Debt Security to be redeemed, means the
      price at which it is to be redeemed pursuant to this Indenture.

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

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

     

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

     

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

     

    Section
      102. Compliance
      Certificates and Opinions.

     

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

     

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

     

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

     

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

     

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

     

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

     

    
      
        
        

      

      
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    Section
      103. Form
      of Documents Delivered to Trustee.

     

    In
      any
      case where several matters are required to be certified by, or covered by an
      opinion of, any specified Person, it is not necessary that all such matters
      be
      certified by, or covered by the opinion of, only one such Person, or that they
      be so certified or covered by only one document, but one such Person may certify
      or give an opinion with respect to some matters and one or more other such
      Persons as to other matters, and any such Person may certify or give an opinion
      as to such matters in one or several documents.

     

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

     

    Where
      any
      Person is required to make, give or execute two or more applications, requests,
      consents, certificates, statements, opinions or other instruments under this
      Indenture, they may, but need not, be consolidated and form one
      instrument.

     

    Section
      104. Acts
      of Holders.

     

    (a) Any
      request, demand, authorization, direction, notice, consent, waiver or other
      action provided by this Indenture to be given or taken by Holders may be
      embodied in and evidenced by one or more instruments of substantially similar
      tenor signed by such Holders in person or by an agent duly appointed in writing.
      If Debt Securities of a series are issuable in whole or in part as Bearer
      Securities, any request, demand, authorization, direction, notice, consent,
      waiver or other action provided by this Indenture to be given or taken by
      Holders may, alternatively, be embodied in and evidenced by the record of
      Holders of Debt Securities voting in favor thereof, either in person or by
      proxies duly appointed in writing, at any meeting of Holders of Debt Securities
      duly called and held in accordance with the provisions of Article Fourteen,
      or a
      combination of such instruments and any such record. Except as herein otherwise
      expressly provided, such action shall become effective when such instrument
      or
      instruments or record or both are delivered to the Trustee, and, where it is
      hereby expressly required, to the Company. Such instrument or instruments and
      any such record (and the action embodied therein and evidenced thereby) are
      herein sometimes referred to as the “Act” of the Holders signing such instrument
      or instruments and so voting at any such meeting. Proof of execution of any
      such
      instrument or of a writing appointing any such agent, or the holding by any
      Person of a Debt Security, shall be sufficient for any purpose of this Indenture
      and (subject to Section 601) conclusive in favor of the Trustee and
      the
      Company, if made in the manner provided in this Section. The record of any
      meeting of Holders of Debt Securities shall be proved in the manner provided
      in
      Section 1406.

     

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

     

    
      
        
        

      

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

     

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

     

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

     

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

     

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

     

    (h) The
      Company may set any day as a record date for the purpose of determining the
      Holders of Outstanding Debt Securities of any series entitled to give, make
      or
      take any request, demand, authorization, direction, notice, consent, waiver
      or
      other action provided or permitted by this Indenture to be given, made or taken
      by Holders of Debt Securities of such series, provided
      that the
      Company may not set a record date for, and the provisions of this paragraph
      shall not apply with respect to, the giving or making of any notice,
      declaration, request or direction referred to in the next paragraph. If any
      record date is set pursuant to this paragraph, the Holders of Outstanding Debt
      Securities of the relevant series on such record date, and no other Holders,
      shall be entitled to take the relevant action, whether or not such Holders
      remain Holders after such record date; provided
      that no
      such action shall be effective hereunder unless taken on or prior to the
      applicable Expiration Date (as defined below) by Holders of the requisite
      principal amount of Outstanding Debt Securities of such series on such record
      date. Nothing in this paragraph shall be construed to prevent the Company from
      setting a new record date for any action for which a record date has previously
      been set pursuant to this paragraph (whereupon the record date previously set
      shall automatically and with no action by any Person be cancelled and of no
      effect), and nothing in this paragraph shall be construed to render ineffective
      any action taken by Holders of the requisite principal amount of Outstanding
      Debt Securities of the relevant series on the date such action is taken.
      Promptly after any record date is set pursuant to this paragraph, the Company,
      at its own expense, shall cause notice of such record date, the proposed action
      by Holders and the applicable Expiration Date to be given to the Trustee in
      writing and to each Holder of Debt Securities of the relevant series in the
      manner set forth in Section 106.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

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

     

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

     

    
      
        
        

      

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

     

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

     

    (1) the
      Trustee by any Holder or by the Company shall be sufficient for every purpose
      hereunder (unless otherwise herein expressly provided), if in writing and sent
      by certified mail or by courier to the Trustee at its Corporate Trust Office,
      or

     

    (2) the
      Company by the Trustee or by any Holder shall be sufficient for every purpose
      hereunder (unless otherwise herein expressly provided) if in writing and sent
      by
      certified mail or by courier to the Company addressed to the attention of its
      Secretary at the address of its principal office specified in the first
      paragraph of this instrument or at any other address previously furnished in
      writing to the Trustee by the Company.

     

    Section
      106. Notice
      to Holders; Waiver.

     

    Except
      as
      otherwise expressly provided herein, where this Indenture provides for notice
      to
      Holders of any event, (1) such notice shall be sufficiently given to
      Holders of Registered Securities if in writing and mailed, first-class postage
      prepaid, to each Holder of a Registered Security affected by such event, at
      such
      Holder’s address as it appears in the Security Register, not later than the
      latest date, and not earlier than the earliest date, prescribed for the giving
      of such notice; and (2) such notice shall be sufficiently given to Holders
      of Bearer Securities by publication thereof in an Authorized Newspaper in The
      City of New York and, if the Debt Securities of such series are then listed
      on
      The International Stock Exchange of the United Kingdom and the Republic of
      Ireland and such stock exchange shall so require, in London, and, if the Debt
      Securities of such series are then listed on the Luxembourg Stock Exchange
      and
      such stock exchange shall so require, in Luxembourg and, if the Debt Securities
      of such series are then listed on any other stock exchange outside the United
      States and such stock exchange shall so require, in any other required city
      outside the United States or, if not practicable, in Europe on a Business Day
      at
      least twice, the first such publication to be not later than the latest date
      and
      not earlier than the earliest date prescribed for the giving of such
      notice.

     

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

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

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

     

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

     

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

     

    Section
      107. Conflict
      with Trust Indenture Act.

     

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

     

    Section
      108. Effect
      of Headings and Table of Contents.

     

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

     

    Section
      109. Successors
      and Assigns.

     

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

     

    Section
      110. Separability
      Clause.

     

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

     

    Section
      111. Benefits
      of Indenture.

     

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

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    Section
      112. Governing
      Law.

     

    This
      Indenture and the Debt Securities and any coupons shall be governed by and
      construed in accordance with the laws of the State of New York.

     

    Section
      113. Legal
      Holidays.

     

    In
      any
      case where any Interest Payment Date, Redemption Date, Repayment Date or Stated
      Maturity of any Debt Security shall not be a Business Day at any Place of
      Payment, then (notwithstanding any other provision of this Indenture or of
      the
      Debt Securities or any coupons) payment of interest or principal (and premium,
      if any) need not be made at such Place of Payment on such date, but may be
      made
      on the next succeeding Business Day at such Place of Payment with the same
      force
      and effect as if made on the Interest Payment Date, Redemption Date, Repayment
      Date or at the Stated Maturity, and no interest shall accrue on the amount
      so
      payable for the period from and after such Interest Payment Date, Redemption
      Date, Repayment Date or Stated Maturity, as the case may be.

     

    Section
      114. Exemption
      from Individual Liability.

     

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

     

    Section
      115. Counterparts.

     

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

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    

    ARTICLE
      TWO

     

    Debt
      Security Forms

     

    Section
      201. Forms
      Generally.

     

    The
      Registered Securities, if any, and the Bearer Securities and related coupons,
      if
      any, of each series shall be in substantially the form (including temporary
      or
      permanent global form) as shall be established in or pursuant to a Board
      Resolution or in one or more indentures supplemental hereto, in each case with
      such appropriate insertions, omissions, substitutions and other variations
      as
      are required or permitted by this Indenture, and may have such letters, numbers
      or other marks of identification and such legends or endorsements placed
      thereon, as may be required to comply with the rules of any securities exchange,
      or as may, consistently herewith, be determined by the officers executing such
      Debt Securities or coupons, as evidenced by their signatures on the Debt
      Securities or coupons. If the form of Debt Securities of any series or coupons
      (including any such Global Security) is established by action taken pursuant
      to
      a Board Resolution, a copy of an appropriate record of such action shall be
      certified by the Secretary or an Assistant Secretary of the Company and
      delivered to the Trustee at or prior to the delivery of the Company Order
      contemplated by Section 303 for the authentication and delivery of such
      Debt Securities or coupons.

     

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

     

    The
      definitive Debt Securities and coupons, if any, shall be printed, lithographed
      or engraved on steel engraved borders or may be produced in any other manner,
      all as determined by the officers executing such Debt Securities, as evidenced
      by the execution of such Debt Securities and coupons.

     

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

     

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

     

    ________________________________________

    

    as
      Trustee

    

    

    

    By_______________________________________

    Authorized
      Officer

    

    Section
      203. Debt
      Securities in Global Form.

     

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

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

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

     

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

     

    ARTICLE
      THREE

     

    The
      Debt Securities

     

    Section
      301. Amount
      Unlimited; Issuance in Series.

     

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

     

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

     

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

     

    (2) the
      price
      or prices (expressed as a percentage of the principal amount thereof) at which
      the Debt Securities of the series may be issued;

     

    (3) the
      ranking of such Debt Securities;

     

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

     

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

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

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

     

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

     

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

     

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

     

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

     

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

     

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

     

    
      
        
        

      

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

     

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

     

    (15) if
      other
      than the principal amount thereof, the portion of the principal amount of Debt
      Securities of the series which shall be payable upon declaration of acceleration
      of the Maturity thereof pursuant to Section 502;

     

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

     

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

     

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

     

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

     

    (20) if
      the
      Debt Securities of the series are convertible or exchangeable into common stock
      or preferred stock, the conversion price or exchange ratio therefor, the period
      during which such Debt Securities are convertible or exchangeable and any terms
      and conditions for the conversion or exchange of such Debt
      Securities;

     

    (21) any
      Events of Default with respect to Debt Securities of such series, if not set
      forth herein;

     

    (22) any
      other
      covenant or warranty included for the benefit of the Debt Securities of the
      series in addition to (and not inconsistent with) those set forth herein for
      the
      benefit of Debt Securities of all series, or any other covenant or warranty
      included for the benefit of Debt Securities of the series in lieu of any
      covenant or warranty set forth herein for the benefit of Debt Securities of
      all
      series, or any provision that any covenant or warranty set forth herein for
      the
      benefit of Debt Securities of all series shall not be for the benefit of Debt
      Securities of such series, or any combination of such covenants, warranties
      or
      provisions and the applicability, if any, of the provisions of Section 1012
      to such covenants and warranties; 

     

    
      
        
        

      

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

     

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

     

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

     

    All
      Debt
      Securities of any one series and the coupons appertaining to Bearer Securities
      of such series, if any, shall be substantially identical except, in the case
      of
      Registered Securities, as to denomination and except as may otherwise be
      provided in or pursuant to such Board Resolution and set forth in such Officers’
      Certificate or in any such indenture supplemental hereto.

     

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

     

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

     

    Section
      302. Denominations.

     

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

     

    Section
      303. Execution,
      Authentication, Delivery and Dating. 

     

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

     

    
      
        
        

      

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

     

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

     

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

     

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

     

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

     

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

     

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

     

    (iv) an
      Opinion of Counsel stating

     

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

     

    
      
        
        

      

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

     

    (C) that
      such
      Debt Securities and coupons, if any, when authenticated and delivered by the
      Trustee and issued by the Company in the manner and subject to any conditions
      specified in such Opinion of Counsel, will constitute valid and binding
      obligations of the Company, enforceable in accordance with their terms, subject,
      as to enforcement of remedies, to applicable bankruptcy, reorganization,
      insolvency, moratorium or other laws affecting creditors’ rights generally and
      the application of general principles of equity and except further as
      enforcement thereof may be limited by (i) requirements that a claim
      with
      respect to any Debt Securities denominated other than in Dollars (or a Foreign
      Currency or currency unit judgment in respect of such claim) be converted into
      Dollars at a rate of exchange prevailing on a date determined pursuant to
      applicable law or (ii) governmental authority to limit, delay or prohibit
      the making of payments in Foreign Currencies or currency units or payments
      outside the United States.

     

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

     

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

     

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

     

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

     

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

     

    
      
        
        

      

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

     

    Section
      304. Temporary
      Debt Securities.
      

     

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

     

    (b) Unless
      otherwise provided pursuant to Section 301:

     

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

     

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

     

    
      
        
        

      

      
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    (iii) Without
      unnecessary delay but in any event not later than the date specified in, or
      determined pursuant to the terms of, any such temporary Global Security (the
      “Global Exchange Date”), the Company shall deliver definitive Debt Securities to
      the Trustee or the agent appointed by the Company pursuant to Section 301
      to effect the exchange of the temporary Global Security for definitive Debt
      Securities (the “Global Exchange Agent”), in an aggregate principal amount equal
      to the principal amount of such temporary Global Security, executed by the
      Company. On or after the Global Exchange Date, such temporary Global Security
      shall be surrendered by the Depositary to the Global Exchange Agent, to be
      exchanged, in whole or from time to time in part, for definitive Debt Securities
      without charge and the Trustee or the Global Exchange Agent, if authorized
      by
      the Trustee pursuant to Section 614, shall authenticate and deliver,
      in
      exchange for each portion of such temporary Global Security, an equal aggregate
      principal amount of definitive Debt Securities of the same series of authorized
      denominations and of like tenor and terms as the portion of such temporary
      Global Security to be exchanged. Upon any exchange of a part of such temporary
      Global Security for definitive Debt Securities, the portion of the principal
      amount and any interest thereon so exchanged shall be endorsed by the Global
      Exchange Agent on a schedule to such temporary Global Security, whereupon the
      principal amount and interest payable with respect to such temporary Global
      Security shall be reduced for all purposes by the amount so exchanged and
      endorsed. The definitive Debt Securities to be delivered in exchange for any
      such temporary Global Security shall be in bearer form, registered form, global
      registered form or global bearer form, or any combination thereof, as specified
      as contemplated by Section 301, and, if any combination thereof is so
      specified, as requested by the beneficial owner thereof; provided,
      however,
      that, in
      the case of the exchange of the temporary Global Security for definitive Bearer
      Securities (including a definitive Global Bearer Security), upon such
      presentation by the Depositary, such temporary Global Security shall be
      accompanied by a certificate signed by Euroclear as to the portion of such
      temporary Global Security held for its account then to be exchanged and a
      certificate signed by Clearstream as to the portion of such temporary Global
      Security held for its account then to be exchanged, each in the form set forth
      in Exhibit B to this Indenture; and provided,
      further,
      that
      definitive Bearer Securities (including a definitive Global Bearer Security)
      shall be delivered in exchange for a portion of a temporary Global Security
      only
      in compliance with the requirements of Section 303.

     

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

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

    (v) Until
      exchanged in full as hereinabove provided, the temporary Debt Securities of
      any
      series shall in all respects be entitled to the same benefits under this
      Indenture as definitive Debt Securities of the same series and of like tenor
      and
      terms authenticated and delivered hereunder, except that interest payable on
      a
      temporary Global Security on an Interest Payment Date shall be payable to
      Euroclear and Clearstream on such Interest Payment Date only if there has been
      delivered by Euroclear and Clearstream to the Global Exchange Agent a
      certificate or certificates in the form set forth in Exhibit B to this
      Indenture dated no earlier than the first Interest Payment Date, for credit
      without further interest on or after such Interest Payment Date to the
      respective accounts of the Persons who are the beneficial owners of such
      temporary Global Security on such Interest Payment Date and who have each
      delivered to Euroclear or Clearstream, as the case may be, a certificate in
      the
      form set forth in Exhibit A-1 and, if applicable, A-2 to this Indenture
      dated no earlier than the first Interest Payment Date. Any interest so received
      by Euroclear and Clearstream and not paid as herein provided prior to the Global
      Exchange Date shall be returned to the Global Exchange Agent which, upon
      expiration of two years after such Interest Payment Date, shall repay such
      interest to the Company in accordance with Section 1003.

     

    Section
      305. Registration;
      Registration of Transfer and Exchange.

     

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

     

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

     

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

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

    At
      the
      option of the Holder, Registered Securities or Bearer Securities of any series
      may be issued in exchange for Bearer Securities (except as otherwise specified
      as contemplated by Section 301 with respect to a Bearer Security in
      global
      form) of the same series, of any authorized denominations and of like tenor
      and
      terms and aggregate principal amount, upon surrender of the Bearer Securities
      to
      be exchanged at any such office or agency, with all unmatured coupons and all
      matured coupons in default thereto appertaining. If the Holder of a Bearer
      Security is unable to produce any such unmatured coupon or coupons or matured
      coupon or coupons in default, such exchange may be effected if the Bearer
      Securities are accompanied by payment in funds acceptable to the Company and
      the
      Trustee in an amount equal to the face amount of such missing coupon or coupons,
      or the surrender of such missing coupon or coupons may be waived by the Company
      and the Trustee if there be furnished to them such security or indemnity as
      they
      may require to save each of them and any Paying Agent harmless. If thereafter
      the Holder of such Security shall surrender to any Paying Agent any such missing
      coupon in respect of which such a payment shall have been made, such Holder
      shall be entitled to receive the amount of such payment; provided, however,
      that, except as otherwise provided in Section 1002, interest represented
      by
      coupons shall be payable only upon presentation and surrender of those coupons
      at an office or agency located outside the United States. Notwithstanding the
      foregoing, in case a Bearer Security of any series is surrendered at any such
      office or agency in exchange for a Registered Security of the same series and
      like tenor and terms after the close of business at such office or agency on
      (i) any Regular Record Date and before the opening of business at such
      office or agency on the relevant Interest Payment Date, or (ii) any
      Special
      Record Date and before the opening of business at such office or agency on
      the
      related date for payment of Defaulted Interest, such Bearer Security shall
      be
      surrendered without the coupon relating to such Interest Payment Date or
      proposed date of payment, as the case may be.

     

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

     

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

     

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

     

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

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

     

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

     

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

     

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

     

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

     

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

     

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

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

     

    No
      charge
      to any Holder shall be made for any registration of transfer or exchange of
      Debt
      Securities, but the Company may require payment of a sum sufficient to cover
      any
      tax or other governmental charge that may be imposed in connection with any
      transfer, registration of transfer or exchange of Debt Securities, other than
      exchanges expressly provided in this Indenture to be made at the Company’s own
      expense or without expense or without charge to the Holders.

     

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

     

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

     

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

     

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

     

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

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

     

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

     

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

     

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

     

    Section
      307. Payment
      of Interest; Interest Rights Preserved.

     

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

     

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

    Any
      interest on any Registered Security of any series which is payable, but is
      not
      punctually paid or duly provided for, on any Interest Payment Date (herein
      called “Defaulted Interest”) shall forthwith cease to be payable to the
      registered Holder on the relevant Regular Record Date by virtue of his having
      been such Holder, and such Defaulted Interest may be paid by the Company, at
      its
      election in each case, as provided in Clause (1) or (2) below:

     

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

     

    
      
        
        

      

      
        29

        
          

        

      

      
        
        

      

    

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

     

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

     

    Subject
      to the limitations set forth in Section 1002, the Holder of any coupon
      appertaining to a Bearer Security shall be entitled to receive the interest
      payable on such coupon upon presentation and surrender of such coupon on or
      after the Interest Payment Date of such coupon at an office or agency maintained
      for such purpose pursuant to Section 1002.

     

    Section
      308. Persons
      Deemed Owners.

     

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

     

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

     

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

     

    Section
      309. Cancellation.

     

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

     

    
      
        
        

      

      
        30

        
          

        

      

      
        
        

      

    

    Section
      310. Computation
      of Interest.

     

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

     

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

     

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

     

    Section
      312. Judgments.

     

    The
      Company agrees that, to the fullest extent possible under applicable law and
      except as may otherwise be specified as contemplated in Section 301,
      (a) the obligation, if any, of the Company to pay the principal of (and
      premium, if any) and interest on the Debt Securities of any series and any
      appurtenant coupons in a Foreign Currency, composite currency or Dollars (the
      “Designated Currency”) as may be specified pursuant to Section 301 is of
      the essence, and judgments in respect of such Debt Securities shall be given
      in
      the Designated Currency; (b) the obligation of the Company to make payments
      in the Designated Currency of the principal of (and premium, if any) and
      interest on such Debt Securities and any appurtenant coupons shall,
      notwithstanding any payment in any other currency (whether pursuant to a
      judgment or otherwise), be discharged only to the extent of the amount in the
      Designated Currency that the Holder receiving such payment may, in accordance
      with normal banking procedures, purchase with the sum paid in such other
      currency (after any premium and cost of exchange) in the country of issue of
      the
      Designated Currency in the case of Foreign Currency or Dollars or in the
      international banking community in the case of a composite currency on the
      Business Day immediately following the day on which such Holder receives such
      payment; (c) if the amount in the Designated Currency that may be so
      purchased for any reason falls short of the amount originally due, the Company
      shall pay such additional amounts as may be necessary to compensate for such
      shortfall; and (d) any obligation of the Company not discharged by such
      payment shall be due as a separate and independent obligation and, until
      discharged as provided herein, shall continue in full force and
      effect.

     

    
      
        
        

      

      
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    ARTICLE
      FOUR

     

    Satisfaction
      and Discharge

     

    Section
      401. Satisfaction
      and Discharge of Indenture.

     

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

     

    (1) either

     

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

     

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

     

    (i) have
      become due and payable, or

     

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

     

    (iii) are
      to be
      called for redemption within one year under arrangements satisfactory to the
      Trustee for the giving of notice of redemption by the Trustee in the name,
      and
      at the expense, of the Company,

     

    and
      the
      Company, in the case of (B)(i), (B)(ii) or (B)(iii) above, has irrevocably
      deposited or caused to be deposited with the Trustee as trust funds in trust
      for
      the purpose money and/or Government Obligations the payments of principal and
      interest on which when due (and without reinvestment) will provide money in
      such
      amounts as will (together with any money irrevocably deposited in trust with
      the
      Trustee, without investment) be sufficient to pay and discharge the entire
      indebtedness on such Debt Securities and coupons of such series for principal
      (and premium, if any) and interest, and any mandatory sinking fund, repayment
      or
      analogous payments thereon, on the scheduled due dates therefor to the date
      of
      such deposit (in the case of Debt Securities and coupons which have become
      due
      and payable) or to the Stated Maturity or Redemption Date, if any, and all
      Repayment Dates (in the case of Debt Securities repayable at the option of
      the
      Holders thereof); provided,
      however,
      that in
      the event a petition for relief under any applicable Federal or state
      bankruptcy, insolvency, reorganization or other similar law is filed with
      respect to the Company within 91 days after the deposit, the obligations of
      the
      Company under the Indenture with respect to the Debt Securities of such series
      shall not be deemed terminated or discharged, and in such event the Trustee
      shall be required to return the deposited money and Government Obligations
      then
      held by the Trustee to the Company;

     

    
      
        
        

      

      
        32

        
          

        

      

      
        
        

      

    

    (2) the
      Company has paid or caused to be paid all other sums payable hereunder by the
      Company; and

     

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

     

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

    

    Section
      402. Application
      of Trust Money and Government Obligations.
      

     

    (a) Subject
      to the provisions of the last paragraph of Section 1003, all money and
      Government Obligations deposited with the Trustee pursuant to Section 401,
      403 or 1501 shall be held in trust and such money and the principal and interest
      received on such Government Obligations shall be applied by it, in accordance
      with the provisions of the Debt Securities, any coupons and this Indenture,
      to
      the payment, either directly or through any Paying Agent (including the Company
      acting as its own Paying Agent) as the Trustee may determine, to the Persons
      entitled thereto, of the principal (and premium, if any) and interest for whose
      payment such money or Government Obligations have been deposited with the
      Trustee.

     

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

     

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

     

    
      
        
        

      

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

     

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

     

    (1) either
      

     

    (A) with
      respect to all Outstanding Debt Securities of such series and related coupons,
      with reference to this Section 403, the Company has deposited or caused
      to
      be deposited with the Trustee irrevocably, as trust funds in trust, money and/or
      Government Obligations the payments of principal and interest on which when
      due
      (and without reinvestment) will provide money in such amounts as will (together
      with any money irrevocably deposited in trust with the Trustee, without
      investment) be sufficient to pay and discharge (i) the principal of
      (and
      premium, if any) and interest on the Outstanding Debt Securities of that series
      on the Stated Maturity of such principal or interest or, if such series may
      be
      redeemed by the Company prior to the Stated Maturity thereof and the Company
      shall have given irrevocable instructions to the Trustee to effect such
      redemption, at the date fixed for such redemption pursuant to Article Eleven,
      and (ii) any mandatory sinking fund payments or analogous payments
      applicable to Debt Securities of such series on the date on which such payments
      are due and payable in accordance with the terms of this Indenture and of such
      Debt Securities; or

     

    (B) the
      Company has properly fulfilled such other means of satisfaction and discharge
      as
      is specified, as contemplated by Section 301, to be applicable to the
      Debt
      Securities of such series;

     

    (2) the
      Company has paid or caused to be paid all sums payable with respect to the
      Outstanding Debt Securities of such series and related coupons;

     

    
      
        
        

      

      
        34

        
          

        

      

      
        
        

      

    

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

     

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

     

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

     

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

     

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

     

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

     

    Notwithstanding
      the cessation, termination and discharge of all obligations, covenants and
      agreements (except as provided above in this Section 403) of the Company
      under this Indenture with respect to any series of Debt Securities, the
      obligations of the Company to the Trustee under Section 607, and the
      obligations of the Trustee under Section 402 and the last paragraph
      of
      Section 1003, shall survive with respect to such series of Debt
      Securities.

     

    
      
        
        

      

      
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    ARTICLE
      FIVE

     

    Remedies

     

    Section
      501. Events
      of Default.

     

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

     

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

     

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

     

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

     

    (4) default
      in the performance, or breach, of any covenant or warranty of the Company in
      this Indenture (other than a covenant or warranty a default in whose performance
      or whose breach is elsewhere in this Section specifically dealt with or which
      has expressly been included in this Indenture solely for the benefit of Debt
      Securities of a series other than such series), and continuance of such default
      or breach for a period of 90 days after there has been given by registered
      or certified mail, to the Company by the Trustee, or to the Company and the
      Trustee by the Holders of at least 25% in principal amount of the Outstanding
      Debt Securities of such series, a written notice specifying such default or
      breach and requiring it to be remedied and stating that such notice is a “Notice
      of Default” hereunder, or

     

    (5) the
      entry
      by a court having jurisdiction in the premises of (A) a decree or order
      for
      relief in respect of the Company in an involuntary case or proceeding under
      any
      applicable Federal or state bankruptcy, insolvency, reorganization or other
      similar law or (B) a decree or order adjudging the Company a bankrupt
      or
      insolvent, or approving as properly filed a petition seeking reorganization,
      arrangement, adjustment or composition of or in respect of the Company under
      any
      applicable Federal or State law, or appointing a custodian, receiver,
      liquidator, assignee, trustee, sequestrator or other similar official of the
      Company or of any substantial part of its property, or ordering the winding
      up
      or liquidation of its affairs, and the continuance of any such decree or order
      for relief or any such other decree or order unstayed and in effect for a period
      of 90 consecutive days; or

     

    (6) the
      commencement by the Company of a voluntary case or proceeding under any
      applicable Federal or state bankruptcy, insolvency, reorganization or other
      similar law or of any other case or proceeding to be adjudicated a bankrupt
      or
      insolvent, or the consent by it to the entry of a decree or order for relief
      in
      respect of the Company in an involuntary case or proceeding under any applicable
      Federal or state bankruptcy, insolvency, reorganization or other similar law
      or
      to the commencement of any bankruptcy or insolvency case or proceeding against
      it, or the filing by it of a petition or answer or consent seeking
      reorganization or relief under any applicable Federal or State law, or the
      consent by it to the filing of such petition or to the appointment of or taking
      possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator
      or similar official of the Company or of any substantial part of its property,
      or the making by it of an assignment for the benefit of creditors, or the
      admission by it in writing of its inability to pay its debts generally as they
      become due, or the taking of corporate action by the Company in furtherance
      of
      any such action; or

     

    
      
        
        

      

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

     

    Section
      502. Acceleration
      of Maturity; Rescission and Annulment.

     

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

     

    At
      any
      time after such a declaration of acceleration with respect to Debt Securities
      of
      any series has been made and before a judgment or decree for payment of the
      money due has been obtained by the Trustee as hereinafter in this Article
      provided, the Holders of a majority in principal amount of the Outstanding
      Debt
      Securities of such series, by written notice to the Company and the Trustee,
      may
      rescind and annul such declaration and its consequences if 

     

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

     

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

     

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

     

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

     

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

     

    
      
        
        

      

      
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    and

    

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

     

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

    

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

     

    The
      Company covenants that if: 

     

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

     

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

     

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

    

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

     

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

     

    Section
      504. Trustee
      May File Proofs of Claim.

     

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

     

    
      
        
        

      

      
        38

        
          

        

      

      
        
        

      

    

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

     

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

     

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

    

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

     

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

     

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

     

    Section
      506. Application
      of Money Collected.

     

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

     

    
      
        
        

      

      
        39

        
          

        

      

      
        
        

      

    

    FIRST:
      To
      the payment of all amounts due the Trustee under Section 607;

    

    SECOND:
      To the payment of the amounts then due and unpaid for principal of (and premium,
      if any) and interest on the Debt Securities and any coupons, in respect of
      which
      or for the benefit of which such money has been collected ratably, without
      preference or priority of any kind, according to the amounts due and payable
      on
      such Debt Securities and any coupons for principal (and premium, if any) and
      interest, respectively. The Holders of each series of Debt Securities
      denominated in Euro, any other composite currency or a Foreign Currency and
      any
      matured coupons relating thereto shall be entitled to receive a ratable portion
      of the amount determined by the Exchange Rate Agent by converting the principal
      amount Outstanding of such series of Debt Securities and matured but unpaid
      interest on such series of Debt Securities in the currency in which such series
      of Debt Securities is denominated into Dollars at the Exchange Rate as of the
      date of declaration of acceleration of the Maturity of the Debt Securities;
      and

    

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

    

    Section
      507. Limitation
      on Suits.

     

    No
      Holder
      of any Debt Securities of any series or any related coupons shall have any
      right
      to institute any proceeding, judicial or otherwise, with respect to this
      Indenture, or for the appointment of a receiver or trustee, or for any other
      remedy hereunder, unless 

     

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

     

    (2) the
      Holders of not less than 25% in principal amount of the Outstanding Debt
      Securities of such series shall have made written request to the Trustee to
      institute proceedings in respect of such Event of Default in its own name as
      Trustee hereunder;

     

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

     

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

     

    (5) no
      direction inconsistent with such written request has been given to the Trustee
      during such 60-day period by the Holders of a majority in principal amount
      of
      the Outstanding Debt Securities of such series;

     

    it
      being
      understood and intended that no one or more of such Holders shall have any
      right
      in any manner whatever by virtue of, or by availing of, any provision of this
      Indenture to affect, disturb or prejudice the rights of any other such Holders,
      or to obtain or to seek to obtain priority or preference over any other of
      such
      Holders or to enforce any right under this Indenture, except in the manner
      herein provided and for the equal and ratable benefit of all of such
      Holders.

    

    
      
        
        

      

      
        40

        
          

        

      

      
        
        

      

    

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

     

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

     

    Section
      509. Restoration
      of Rights and Remedies.

     

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

     

    Section
      510. Rights
      and Remedies Cumulative.

     

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

     

    Section
      511. Delay
      or Omission Not Waiver.

     

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

     

    Section
      512. Control
      by Holders of Debt Securities.

     

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

     

    
      
        
        

      

      
        41

        
          

        

      

      
        
        

      

    

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

     

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

     

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

     

    Section
      513. Waiver
      of Past Defaults.

     

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

     

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

     

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

     

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

     

    Section
      514. Undertaking
      for Costs.

     

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

     

    
      
        
        

      

      
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    Section
      515. Waiver
      of Stay or Extension Laws.

     

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

     

    ARTICLE
      SIX

     

    The
      Trustee

     

    Section
      601. Certain
      Duties and Responsibilities.

     

    Except
      during the continuance of an Event of Default, the Trustee’s duties and
      responsibilities under this Indenture shall be governed by the Trust Indenture
      Act. In case an Event of Default has occurred and is continuing, the Trustee
      shall exercise the rights and powers vested in it by this Indenture, and shall
      use the same degree of care and skill in their exercise, as a prudent person
      would exercise or use under the circumstances in the conduct of his or her
      own
      affairs. Notwithstanding the foregoing, no provision of this Indenture shall
      require the Trustee to expend or risk its own funds or otherwise incur any
      financial liability in the performance of any of its duties hereunder, or in
      the
      exercise of any of its rights or powers, if it shall have reasonable grounds
      for
      believing that repayment of such funds or adequate indemnity against such risk
      or liability is not reasonably assured to it. Whether or not therein expressly
      so provided, every provision of this Indenture relating to the conduct or
      affecting the liability of or affording protection to the Trustee shall be
      subject to the provisions of this Section.

     

    Section
      602. Notice
      of Default.

     

    If
      a
      default occurs hereunder with respect to Debt Securities of any series the
      Trustee shall transmit by mail to all Holders of Debt Securities of such series
      notice of such default as and to the extent provided by the Trust Indenture
      Act;
      provided, however, that in the case of any default of the character specified
      in
      Section 501(4) with respect to Debt Securities of such series no such
      notice to Holders shall be given until at least 30 days after the occurrence
      thereof. For the purpose of this Section, the term “default” means any event
      which is, or after notice or lapse of time or both would become, an Event of
      Default with respect to Debt Securities of such series.

     

    Section
      603. Certain
      Rights of Trustee.

     

    Except
      as
      otherwise provided in Section 601 

     

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

     

    
      
        
        

      

      
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    (b) any
      request or direction of the Company mentioned herein shall be sufficiently
      evidenced by a Company Request or Company Order and any resolution of the Board
      of Directors shall be sufficiently evidenced by a Board Resolution;

     

    (c) whenever
      in the administration of this Indenture the Trustee shall deem it desirable
      that
      a matter be proved or established prior to taking, suffering or omitting any
      action hereunder, the Trustee (unless other evidence be herein specifically
      prescribed) may, in the absence of bad faith on its part, rely upon an Officers’
      Certificate;

     

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

     

    (e) the
      Trustee shall be under no obligation to exercise any of the rights or powers
      vested in it by this Indenture at the request or direction of any of the Holders
      of Debt Securities of such series or any related coupons pursuant to this
      Indenture, unless such Holders shall have offered to the Trustee reasonable
      security or indemnity against the costs, expenses and liabilities which might
      be
      incurred by it in compliance with such request or direction;

     

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

     

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

     

    Section 604. Not
      Responsible for Recitals or Issuance of Debt Securities.

     

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

     

    
      
        
        

      

      
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    Section 605. May
      Hold Debt Securities or Coupons.

     

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

     

    Section
      606. Money
      Held in Trust.

     

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

     

    Section 607. Compensation
      and Reimbursement.
      

     

    The
      Company agrees

     

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

     

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

     

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

     

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

     

    
      
        
        

      

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

     

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

     

    Section 608. Disqualification;
      Conflicting Interests.

     

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

     

    Section
      609. Corporate
      Trustee Required; Eligibility.

     

    There
      shall at all times be a Trustee hereunder which shall be a corporation that
      is
      eligible pursuant to the Trust Indenture Act to act as such and organized and
      doing business under the laws of the United States, any State thereof or the
      District of Columbia, authorized under such laws to exercise corporate trust
      powers, having a combined capital and surplus of at least $25,000,000, and
      subject to supervision or examination by Federal or State authority; provided,
      however, that if Section 310(a) of the Trust Indenture Act or the rules
      and
      regulations of the Commission under the Trust Indenture Act at any time permit
      a
      corporation organized and doing business under the laws of any other
      jurisdiction to serve as trustee of an indenture qualified under the Trust
      Indenture Act, this Section 609 shall be automatically amended to permit
      a
      corporation organized and doing business under the laws of any such other
      jurisdiction to serve as Trustee hereunder. If such corporation publishes
      reports of condition at least annually, pursuant to law or to the requirements
      of the aforesaid supervising or examining authority, then for the purposes
      of
      this Section, the combined capital and surplus of such corporation shall be
      deemed to be its combined capital and surplus as set forth in its most recent
      report of condition so published. If at any time the Trustee shall cease to
      be
      eligible in accordance with the provisions of this Section, it shall resign
      immediately in the manner and with the effect hereinafter specified in this
      Article.

     

    Section
      610. Resignation
      and Removal; Appointment of Successor.
      

     

    (a) No
      resignation or removal of the Trustee and no appointment of a successor Trustee
      pursuant to this Article shall become effective until the acceptance of
      appointment by the successor Trustee under Section 611.

     

    
      
        
        

      

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

     

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

     

    (d) If
      at any
      time:

     

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

     

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

     

    (3) the
      Trustee shall become incapable of acting with respect to any series of Debt
      Securities or a decree or order for relief by a court having jurisdiction in
      the
      premises shall have been entered in respect of the Trustee in an involuntary
      case under the Federal bankruptcy laws, as now or hereafter constituted, or
      any
      other applicable Federal or State bankruptcy, insolvency or similar law; or
      a
      decree or order by a court having jurisdiction in the premises shall have been
      entered for the appointment of a receiver, custodian, liquidator, assignee,
      trustee, sequestrator or other similar official of the Trustee or of its
      property or affairs, or any public officer shall take charge or control of
      the
      Trustee or of its property or affairs for the purpose of rehabilitation,
      conservation, winding up or liquidation, or

     

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

     

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

    

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

     

    
      
        
        

      

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

     

    Section
      611. Acceptance
      of Appointment by Successor. 

     

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

     

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

     

    
      
        
        

      

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

     

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

     

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

     

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

     

    
      
        
        

      

      
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    Section
      613. Preferential
      Collection of Claims Against Company.

     

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

     

    Section
      614. Authenticating
      Agent.

     

    The
      Trustee may upon Company request appoint one or more Authenticating Agents
      (including, without limitation, the Company or any Affiliate thereof) with
      respect to one or more series of Debt Securities which shall be authorized
      on
      behalf of the Trustee in authenticating Debt Securities of such series in
      connection with the issue, delivery, registration of transfer, exchange, partial
      redemption or repayment of such Debt Securities. Wherever reference is made
      in
      this Indenture to the authentication of Debt Securities by the Trustee or the
      Trustee’s certificate of authentication, such reference shall be deemed to
      include authentication on behalf of the Trustee by an Authenticating Agent
      and a
      certificate of authentication executed on behalf of the Trustee by an
      Authenticating Agent. Each Authenticating Agent must be acceptable to the
      Company and, in the case of Registered Securities, must be a corporation
      organized and doing business under the laws of the United States or of any
      State
      or the District of Columbia, having a combined capital and surplus of at least
      $25,000,000, authorized under such laws to do a trust business and subject
      to
      supervision or examination by Federal or State authorities, and in the case
      of
      Bearer Securities and an authenticating agent who is not organized and doing
      business under the laws of the United States or of any State thereof or the
      District of Columbia, is subject to supervision or examination by the
      appropriate foreign authorities.

     

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

     

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

     

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

     

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

     

    
      
        
        

      

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

     

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

     

    ________________________________________

    

    

    By
      _______________________________________

    As
      Authenticating Agent for the Trustee

    

    

    

    By
      _______________________________________

    Authorized
      Officer

    

    

    ARTICLE
      SEVEN

     

    Holders’
      Lists and Reports By Trustee and Company

     

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

     

    The
      Company will furnish or cause to be furnished to the Trustee with respect to
      Debt Securities of each series for which it acts as Trustee: 

     

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

     

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

     

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

    

    Section
      702. Preservation
      of Information; Communications to Holders. 

     

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

     

    
      
        
        

      

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

     

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

     

    Section
      703. Reports
      by Trustee.
      

     

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

     

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

     

    Section
      704. Reports
      by Company.

     

    The
      Company shall file with the Trustee and the Commission, and transmit to Holders
      such information, documents and other reports, and such summaries thereof,
      as
      may be required pursuant to the Trust Indenture Act at the time and in the
      manner pursuant to such Act; provided that such information, documents or
      reports required to be filed with the Commission pursuant to Section 13
      or
      Section 15(d) of the Securities Exchange Act of 1934 shall be filed
      with
      the Trustee within 15 days after the same is so required to be filed with the
      Commission.

     

    ARTICLE
      EIGHT

     

    Consolidation,
      Merger, Conveyance, Transfer or Lease

     

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

     

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

     

    (1) in
      case
      the Company shall consolidate with or merge into another corporation or convey,
      transfer or lease its properties and assets substantially as an entirety to
      any
      Person, the corporation formed by such consolidation or into which the Company
      is merged or the Person which acquires by conveyance or transfer, or which
      leases, the properties and assets of the Company substantially as an entirety
      shall expressly assume, by an indenture supplemental hereto, executed and
      delivered to the Trustee, in form satisfactory to the Trustee, the due and
      punctual payment of the principal of (and premium, if any) and interest
      (including all additional amounts, if any, payable pursuant to
      Section 1006) on all the Debt Securities and the performance of every
      covenant of this Indenture on the part of the Company to be performed or
      observed;

     

    
      
        
        

      

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

     

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

     

    Section
      802. Successor
      Corporation Substituted.

     

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

     

    ARTICLE
      NINE

     

    Supplemental
      Indentures

     

    Section
      901. Supplemental
      Indentures without Consent of Holders.

     

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

     

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

     

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

     

    
      
        
        

      

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

     

    (4) to
      add
      to, change or eliminate any of the provisions of this Indenture to provide
      that
      Bearer Securities may be registrable as to principal, to change or eliminate
      any
      restrictions on the payment of principal of (or premium, if any, on) Registered
      Securities or of principal of (or premium, if any, on) or any interest on Bearer
      Securities, to permit Bearer Securities to be issued in exchange for Registered
      Securities of other authorized denominations or to permit or facilitate the
      issuance of Debt Securities in uncertificated form, provided
      any such
      action shall not adversely affect the interests of the Holders of Debt
      Securities of any series or any related coupons in any material respect;
      or

     

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

     

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

     

    (7) to
      secure
      the Debt Securities; or

     

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

     

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

     

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

     

    
      
        
        

      

      
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    Section
      902. Supplemental
      Indentures with Consent of Holders.

     

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

     

    (1) change
      the Stated Maturity of the principal or any installment of principal of, or
      any
      installment of interest on, any Debt Security, or reduce the principal amount
      thereof or the interest thereon or any premium payable upon redemption or
      repayment thereof, or change any obligation of the Company to pay additional
      amounts pursuant to Section 1006 (except as contemplated by
      Section 801(1) and permitted by Section 901(1)), or reduce the
      amount
      of the principal of an Original Issue Discount Security that would be due and
      payable upon a declaration of acceleration of the Maturity thereof pursuant
      to
      Section 502, or change any Place of Payment, or the coin or currency
      in
      which any Debt Security or the interest thereon or any coupon is payable, or
      impair the right to institute suit for the enforcement of any such payment
      on or
      after the Stated Maturity thereof (or, in the case of redemption or repayment,
      on or after the Redemption Date or Repayment Date, as the case may be),
      or

     

    (2) reduce
      the percentage in principal amount of the Outstanding Debt Securities of any
      series, the consent of whose Holders is required for any such supplemental
      indenture, or the consent of whose Holders is required for any waiver (of
      compliance with certain provisions of this Indenture or certain defaults
      hereunder and their consequences) provided for in this Indenture, or reduce
      the
      requirements of Section 1404 for quorum or voting, or

     

    (3) modify
      any of the provisions of this Section, Section 513 or Section 1012,
      except to increase any such percentage or to provide that certain other
      provisions of this Indenture cannot be modified or waived without the consent
      of
      the Holder of each Outstanding Debt Security affected thereby; provided,
      however,
      that
      this clause shall not be deemed to require the consent of any Holder with
      respect to changes in the references to “the Trustee” and concomitant changes in
      this Section and Section 1012, or the deletion of this proviso, in
      accordance with the requirements of Section 611(b) and 901(8),
      or

     

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

     

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

     

    
      
        
        

      

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

     

    Section
      903. Execution
      of Supplemental Indentures.

     

    In
      executing, or accepting the additional trusts created by, any supplemental
      indenture permitted by this Article or the modifications thereby of the trusts
      created by this Indenture, the Trustee shall be entitled to receive, and
      (subject to Section 601) shall be fully protected in relying upon, an
      Opinion of Counsel stating that the execution of such supplemental indenture
      is
      authorized or permitted by this Indenture. The Trustee may, but shall not be
      obligated to, enter into any such supplemental indenture which affects the
      Trustee’s own rights, duties or immunities under this Indenture or
      otherwise.

     

    Section
      904. Effect
      of Supplemental Indentures.

     

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

     

    Section
      905. Conformity
      with Trust Indenture Act.

     

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

     

    Section
      906. Reference
      in Debt Securities to Supplemental Indentures.

     

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

     

    ARTICLE
      TEN

     

    Covenants

     

    Section
      1001. Payment
      of Principal, Premium and Interest.

     

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

     

    
      
        
        

      

      
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    Section
      1002. Maintenance
      of Office or Agency.

    

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

    

     

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

     

    
      
        
        

      

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

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

    The
      Company may at any time, for the purpose of terminating its obligations under
      this Indenture with respect to Debt Securities of any series or for any other
      purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee
      all sums held in trust by the Company or such Paying Agent, such sums to be
      held
      by the Trustee upon the same trusts as those upon which such sums were held
      by
      the Company or such Paying Agent; and, upon such payment by any Paying Agent
      to
      the Trustee, such Paying Agent shall be released from all further liability
      with
      respect to such money.

     

    
      
        
        

      

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

     

    Section
      1004. Corporate
      Existence.

     

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

     

    Section
      1005. Maintenance
      of Properties.

     

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

     

    
      
        
        

      

      
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    Section
      1006. Payment
      of Additional Amounts.

     

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

     

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

     

    Section
      1007. Payment
      of Taxes and Other Claims.

     

    The
      Company will pay or discharge or cause to be paid or discharged, before the
      same
      shall become delinquent, (1) all taxes, assessments and governmental charges
      levied or imposed upon the Company or any Subsidiary or upon the income, profits
      or property of the Company or any Subsidiary, and (2) all lawful claims for
      labor, materials and supplies which, if unpaid, might by law become a lien
      upon
      the property of the Company or any Subsidiary, provided,
      however,
      that
      the Company shall not be required to pay or discharge or cause to be paid or
      discharged any such tax, assessment, charge or claim whose amount, applicability
      or validity is being contested in good faith by appropriate
      proceedings.

     

    
      
        
        

      

      
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    Section
      1008. Officer’s
      Certificate as to Default.

     

    The
      Company will furnish to the Trustee not more than 120 days after the end of
      the
      Company’s fiscal year in each year (beginning with 200__) a brief certificate
      from the principal executive, financial or accounting officer or treasurer
      or
      controller of the Company as to his or her knowledge of the Company’s compliance
      with all conditions and covenants under this Indenture (such compliance to
      be
      determined without regard to any period of grace or requirement of notice
      provided under this Indenture), and, if he or she has knowledge of any default,
      specifying each such default of which the signer has knowledge and the nature
      thereof.

     

    Section
      1009. Waiver
      of Certain Covenants.

     

    The
      Company may omit in any particular instance to comply with any covenant or
      condition set forth in Sections 1004, 1005 and 1007 with respect to the Debt
      Securities of any series if, before the time for such compliance the Holders
      of
      at least a majority in principal amount of the Debt Securities at the time
      Outstanding shall, by Act of such Holders, either waive such compliance in
      such
      instance or generally waive compliance with such covenant or condition, but
      no
      such waiver shall extend to or affect such covenant or condition except to
      the
      extent so expressly waived, and, until such waiver shall become effective,
      the
      obligations of the Company and the duties of the Trustee in respect of any
      such
      covenant or condition shall remain in full force and effect.

     

    

    ARTICLE
      ELEVEN

     

    Redemption
      of Debt Securities

     

    Section
      1101. Applicability
      of Article.

     

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

     

    Section
      1102. Election
      to Redeem; Notice to Trustee.

     

    The
      election of the Company to redeem any Debt Securities shall be evidenced by
      a
      Board Resolution. In case of any redemption at the election of the Company
      of
      less than all of the Debt Securities of any series, the Company shall, at least
      45 days prior to the Redemption Date fixed by the Company (unless a
      shorter
      notice shall be satisfactory to the Trustee), notify the Trustee of such
      Redemption Date and of the principal amount and the tenor and terms of the
      Debt
      Securities of any series to be redeemed. In the case of any redemption of Debt
      Securities prior to the expiration of any restriction on such redemption
      provided in the terms of such Debt Securities or elsewhere in this Indenture,
      the Company shall furnish the Trustee with an Officers’ Certificate evidencing
      compliance with such restriction.

     

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

     

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

     

    
      
        
        

      

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

     

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

     

    Section
      1104. Notice
      of Redemption.

     

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

     

    All
      notices of redemption shall state: 

     

    (1) the
      Redemption Date,

     

    (2) the
      Redemption Price,

     

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

     

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

     

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

     

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

     

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

     

    (8) the
      CUSIP
      number, if any.

     

    
      
        
        

      

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

     

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

     

    Section
      1105. Deposit
      of Redemption Price.

     

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

     

    Section
      1106. Debt
      Securities Payable on Redemption Date.

     

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

     

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

     

    
      
        
        

      

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

     

    Section
      1107. Debt
      Securities Redeemed in Part.

     

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

     

    

    ARTICLE
      TWELVE

     

    Sinking
      Funds

     

    Section
      1201. Applicability
      of Article.

     

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

     

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

     

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

     

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

     

    
      
        
        

      

      
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    Section
      1203. Redemption
      of Debt Securities for Sinking Fund.

     

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

     

    ARTICLE
      THIRTEEN

     

    Repayment
      at the Option of Holders

     

    Section
      1301. Applicability
      of Article.

     

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

     

    Section
      1302. Repayment
      of Debt Securities.

     

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

     

    
      
        
        

      

      
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    Section
      1303. Exercise
      of Option; Notice.

     

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

     

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

     

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

     

    The
      Company shall execute and the Trustee shall authenticate and deliver without
      service charge to the Holder of any Bearer Security so surrendered a new
      Registered Security or Securities or new Bearer Security or Securities (and
      all
      appurtenant unmatured coupons and matured coupons in default) or any combination
      thereof of the same series of any authorized denomination or denominations
      specified in the foregoing notice, in an aggregate principal amount equal to
      any
      portion of the principal of the Debt Security so surrendered which is not to
      be
      paid; provided, however, that the issuance of a Registered Security therefor
      shall be subject to applicable laws and regulations, including provisions of
      the
      United States Federal income tax laws and regulations in effect at the time
      of
      the exchange; neither the Company, the Trustee nor the Security Registrar shall
      issue Registered Securities for Bearer Securities if it has received an Opinion
      of Counsel that as a result of such issuance the Company would suffer adverse
      consequences under the United States Federal income tax laws then in effect
      and
      the Company has delivered to the Trustee a Company Order directing the Trustee
      not to make such issuances thereafter unless and until the Trustee receives
      a
      subsequent Company Order to the contrary. The Company shall deliver copies
      of
      such Company Order to the Security Registrar.

     

    
      
        
        

      

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

     

    Section
      1304. Election
      of Repayment by Remarketing Entities.

     

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

     

    Section
      1305. Securities
      Payable on the Repayment Date.

     

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

     

    ARTICLE
      FOURTEEN

     

    Meetings
      of Holders of Debt Securities

     

    Section
      1401. Purposes
      for Which Meetings May Be Called.

     

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

     

    Section
      1402. Call,
      Notice and Place of Meetings.
      

     

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

     

    
      
        
        

      

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

     

    Section
      1403. Persons
      Entitled to Vote at Meetings.

     

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

     

    Section
      1404. Quorum;
      Action.

     

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

     

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

     

    
      
        
        

      

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

     

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

     

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

     

    (b) The
      Trustee shall, by an instrument in writing, appoint a temporary chairperson
      of
      the meeting, unless the meeting shall have been called by the Company or by
      Holders of Debt Securities as provided in Section 1402(b), in which case the
      Company or the Holders of Debt Securities of the series calling the meeting,
      as
      the case may be, shall in like manner appoint a temporary chairperson. A
      permanent chairperson and a permanent secretary of the meeting shall be elected
      by vote of the Persons entitled to vote a majority in principal amount of the
      Outstanding Debt Securities of such series represented at the
      meeting.

     

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

     

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

     

    
      
        
        

      

      
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    Section
      1406. Counting
      Votes and Recording Action of Meetings.

     

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

     

    

    ARTICLE
      FIFTEEN

     

    Defeasance

     

    Section
      1501. Termination
      of Company’s Obligations.

     

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

     

    
      
        
        

      

      
        70

        
          

        

      

      
        
        

      

    

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

     

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

     

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

     

    Section
      1502. Repayment
      to Company.

     

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

     

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

     

    
      
        
        

      

      
        71

        
          

        

      

      
        
        

      

    

    Section
      1503. Indemnity
      for Government Obligations.

     

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

     

    [remainder
      of page intentionally left blank]

     

    
      
        
        

      

      
        72

        
          

        

      

      
        
        

      

    

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

     

    

    CENTURY
      CASINOS, INC.

    

    

    

    By  _______________________________________       

    Its ______________________________________       

    

    [CORPORATE
      SEAL]

    

    

    Attest:

    

    

     _____________________________________     

    Secretary

    

    ___________________________________________

    

    

    By ________________________________________        

    Its _______________________________________       

    

    [CORPORATE
      SEAL]

    

    

    Attest:

    

    

    

    _____________________________________      

    

    

    
      
        
          

        

        
        

      

      
        73

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      A-1

    [Form
      of
      Certificate of Beneficial Ownership by a

    Non-United
      States Person or by Certain Other Persons]

    

    Certificate

    

    CENTURY
      CASINOS, INC.

    

    [Insert
      title or sufficient description of

    Debt
      Securities to be delivered]

    

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

    

    [Insert
      if certificate does not relate to an interest payment--We undertake to advise
      you by tested telex followed by written confirmation if the above statement
      as
      to beneficial ownership is not correct on the date of delivery of the
      above-captioned Debt Securities in bearer form as to all of such Debt Securities
      with respect to such of said Debt Securities as then appear in your books as
      being held for our account.] We understand that this certificate is required
      in
      connection with United States tax laws. We irrevocably authorize you to produce
      this certificate or a copy hereof to any interested party in any administrative
      or legal proceedings with respect to the matters covered by this certificate.
      “United States Person” shall mean a citizen or resident of the United States of
      America (including the District of Columbia), a corporation, partnership or
      other entity created or organized in or under the laws of the United States
      or
      any political subdivision thereof or an estate or trust that is subject to
      United States Federal income taxation regardless of the source of its
      income.

    

    
      
        
        

      

      
        73

        
          

        

      

      
        
        

      

    

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

    

    Dated:
      _______________

    

    [To
      be
      dated on or after

     
      (the
      date

    determined
      as provided in the

    Indenture)]

    
      	 	 	 	 	 	 	 	
              [Name
                of Person Entitled to Receive Bearer
                Security]

            

    

    

    ____________________________________

    (Authorized
      Signatory)

    

    Name:______________________________

    

    Title:_______________________________

    

    

    

    

    

    

    _________________

    *Delete
      if inappropriate

    

    

    
      
        
          

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      A-2

    [Form
      of
      Certificate of Status as a

    Foreign
      Branch of a United States Financial Institution]

    

    Certificate

    

    CENTURY
      CASINOS, INC.

    

    [Insert
      title or sufficient description of 

    Debt
      Securities to be delivered]

    

    Reference
      is hereby made to the Indenture dated as of _____________________ (the
“Indenture”), between Century Casinos, Inc. and
      __________________________________________, relating to the offering of the
      above-captioned Debt Securities (the “Debt Securities”). Unless herein defined,
      terms used herein have the same meaning as given to them in the
      Indenture.

    

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

    

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

    

    Dated:
      _________________

    [To
      be
      dated on or after

     
      (the

    date
      determined as provided 

    in
      the
      Indenture)]

    

    [Name
      of
      Person Entitled to Receive Bearer Security]

    

                                         
      ___________________________________________

                                        (Authorized
      Signatory)

    

                                          Name:______________________________________

    

                                          Title:______________________________________

    

    

    

    
      
        
          

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      B

    [Form
      of
      Certificate to be Given by Euroclear and Clearstream Banking, S.A.

    in
      Connection with the Exchange of All or a Portion of a

    Temporary
      Global Security or to Obtain 

    Interest
      Prior to Exchange]

    

    Certificate

    

    CENTURY
      CASINOS, INC.

    

    [Insert
      title or sufficient description of Debt Securities

    to
      be
      delivered]

    

    We
      refer
      to that portion,  ,
      of the
      Global Security representing the above-captioned issue [which is herewith
      submitted to be exchanged for definitive Debt Securities]* [for which we are
      seeking to obtain payment of interest]* (the “Submitted Portion”). This is to
      certify, pursuant to the Indenture dated as of _______________________ (the
      “Indenture”) between Century Casinos, Inc. and
      _____________________________________ (the “Trustee”), that we have received in
      writing, by tested telex or by electronic transmission from member organizations
      with respect to each of the persons appearing in our records as being entitled
      to a beneficial interest in the Submitted Portion a Certificate of Beneficial
      Ownership by a Non-United States Person or by Certain Other Persons [and, in
      some cases, a Certificate of Status as a Foreign Branch of a United States
      Financial Institution, authorizing us to inform the issuer or the issuer’s agent
      that it will comply with the requirements of Section 165(j)(3)(A), (B) or (C)
      of
      the Internal Revenue Code of 1986 and the regulations thereunder]* substantially
      in the form of Exhibit A-1 [and A-2]* to the Indenture.

    

    We
      hereby
      request that you deliver to the office of _____________ in _____________
      definitive Bearer Securities in the denominations on the attached Schedule
      A.

    

    We
      further certify that as of the date hereof we have not received any notification
      from any of the persons giving such certificates to the effect that the
      statements made by them with respect to any part of the Submitted Portion are
      no
      longer true and cannot be relied on as of the date hereof.

    

    Dated:
      ________________________

    

    
      	 	 	 	 	 	 	
              [MORGAN
                GUARANTY TRUST COMPANY OF NEW YORK, BRUSSELS OFFICE, as Operator
                of the
                Euroclear System] [Clearstream Banking,
                S.A.]

            

    

    

    

    

    By:_______________________________________

    

    _______________

    *Delete
      if inappropriate.

    

    DNVR1:60301525.01

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