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ARTICLE I
DEFINITIONS
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1
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Definitions
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1
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ARTICLE II
FORMS OF SECURITIES
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8
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Terms of the
Securities
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8
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Form of
Trustee’s Certificate of Authentication
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8
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Form of
Trustee’s Certificate of Authentication by an Authenticating
Agent
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8
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ARTICLE III
THE DEBT SECURITIES
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9
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Amount
Unlimited; Issuable in Series
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9
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Denominations
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11
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Execution,
Authentication, Delivery and Dating
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11
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Temporary
Securities
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12
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Registrar
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12
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Transfer and
Exchange
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13
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Mutilated,
Destroyed, Lost and Stolen Securities
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15
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Payment of
Interest; Interest Rights Preserved
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16
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Cancellation
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16
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Computation of
Interest
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17
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Currency of
Payments in Respect of Securities
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17
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Judgments
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17
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CUSIP
Numbers
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17
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ARTICLE IV
REDEMPTION OF SECURITIES
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18
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Applicability
of Right of Redemption
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18
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Selection of
Securities to be Redeemed
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18
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Notice of
Redemption
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18
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Deposit of
Redemption Price
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19
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Securities
Payable on Redemption Date
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19
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Securities
Redeemed in Part
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19
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ARTICLE V
SINKING FUNDS
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19
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Applicability
of Sinking Fund
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19
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Mandatory
Sinking Fund Obligation
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20
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Optional
Redemption at Sinking Fund Redemption Price
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20
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Application of
Sinking Fund Payment
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20
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ARTICLE VI
PARTICULAR COVENANTS OF THE COMPANY
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21
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Payments of
Securities
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21
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Paying
Agent
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21
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To Hold Payment
in Trust
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21
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i
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Merger,
Consolidation and Sale of Assets
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22
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Compliance
Certificate
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23
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Conditional
Waiver by Holders of Securities
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23
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Statement by
Officers as to Default
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23
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ARTICLE VII
REMEDIES OF TRUSTEE AND SECURITYHOLDERS
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23
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Events of
Default
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23
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Acceleration;
Rescission and Annulment
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25
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Other
Remedies
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25
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Trustee as
Attorney-in-Fact
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26
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Priorities
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26
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Control by
Securityholders; Waiver of Past Defaults
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27
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Limitation on
Suits
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27
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Undertaking for
Costs
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27
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Remedies
Cumulative
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28
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ARTICLE VIII
CONCERNING THE SECURITYHOLDERS
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28
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Evidence of
Action of Securityholders
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28
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Proof of
Execution or Holding of Securities
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28
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Persons Deemed
Owners
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29
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Effect of
Consents
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29
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ARTICLE IX
SECURITYHOLDERS’ MEETINGS
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29
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Purposes of
Meetings
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29
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Call of
Meetings by Trustee
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29
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Call of
Meetings by Company or Securityholders
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30
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Qualifications
for Voting
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30
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Regulation of
Meetings
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30
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Voting
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30
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No Delay of
Rights by Meeting
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31
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ARTICLE X
REPORTS BY THE COMPANY AND THE TRUSTEE AND SECURITYHOLDERS’
LISTS
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31
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Reports by
Trustee
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31
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Reports by the
Company
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31
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Securityholders’ Lists
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31
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ARTICLE XI
CONCERNING THE TRUSTEE
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32
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Rights of
Trustees; Compensation and Indemnity
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32
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Duties of
Trustee
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33
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Notice of
Defaults
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34
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Eligibility;
Disqualification
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34
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Registration
and Notice; Removal
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35
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Successor
Trustee by Appointment
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35
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Successor
Trustee by Merger
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36
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Right to Rely
on Officer’s Certificate
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37
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Appointment of
Authenticating Agent
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37
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Communications
by Securityholders with Other Securityholders
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37
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ii
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ARTICLE XII
SATISFACTION AND DISCHARGE; DEFEASANCE
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38
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Applicability
of Article
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38
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Satisfaction
and Discharge of Indenture
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38
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Defeasance upon
Deposit of Moneys or U.S. Government Obligations
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38
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Repayment to
Company
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39
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Indemnity for
U.S. Government Obligations
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39
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Application of
Trust Money
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40
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Deposits of
Non-U.S. Currencies
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40
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ARTICLE XIII
IMMUNITY OF CERTAIN PERSONS
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40
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No Personal
Liability
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40
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ARTICLE XIV
SUPPLEMENTAL INDENTURES
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40
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Without Consent
of Securityholders
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40
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With Consent of
Securityholders; Limitations
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42
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Trustee
Protected
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43
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Effect of
Execution of Supplemental Indenture
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43
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Notation on or
Exchange of Securities
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43
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Conformity with
TIA
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43
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ARTICLE XVI
MISCELLANEOUS PROVISIONS
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43
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Certificates
and Opinions as to Conditions Precedent
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43
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Trust Indenture
Act Controls
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44
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Notices to the
Company and Trustee
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44
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Legal
Holiday
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44
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Effects of
Headings and Table of Contents
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45
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Successors and
Assigns
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45
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Separability
Clause
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45
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Benefits of
Indenture
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45
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Counterparts
Originals
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45
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Governing Law;
Waiver of Trial by Jury
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45
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iii
INDENTURE dated as
of
___, ___, among Altra Holdings, Inc., a Delaware corporation (the
“Company”), and
, a national banking association organized
under the laws of the United States, as trustee (the
“Trustee”).
WHEREAS, the
Company has duly authorized the execution and delivery of this
Indenture to provide for the issuance of debentures, notes, bonds
or other evidences of indebtedness (the “Securities”)
in an unlimited aggregate principal amount to be issued from time
to time in one or more series as provided in this Indenture;
and
WHEREAS, all
things necessary to make this Indenture a valid and legally binding
agreement of the Company, in accordance with its terms, have been
done.
NOW, THEREFORE,
THIS INDENTURE WITNESSETH: That, in consideration of the premises
and the purchase of the Securities by the Holders thereof for the
equal and proportionate benefit of all of the present and future
Holders of the Securities, each party agrees and covenants as
follows:
For all purposes
of this Indenture, except as otherwise expressly provided or unless
the context otherwise requires:
(a) the terms
defined in this Article have the meanings assigned to them in this
Article and include the plural as well as the singular;
(b) all terms
used herein without definition which are defined in the Trust
Indenture Act, either directly or by reference therein, have the
meanings assigned to them therein; and
(c) 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.
(d) References
to “Article” or “Section” or other
subdivision herein are references to an Article, Section or other
subdivision of the Indenture, unless the context otherwise
requires.
Section 1.01
Definitions.
(a) Unless
otherwise defined in this Indenture or the context otherwise
requires, all terms used herein shall have the meanings assigned to
them in the Trust Indenture Act.
(b) Unless
the context otherwise requires, the terms defined in this
Section 1.01(b) shall for all purposes of this Indenture have
the meanings hereinafter set forth, the following definitions to be
equally applicable to both the singular and the plural forms of any
of the terms herein defined:
The term
“Affiliate,” with respect to any specified Person shall
mean 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.
The term
“Authenticating Agent” shall have the meaning assigned
to it in Section 11.09.
1
The term
“Board of Directors” shall mean 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.
The term
“Board Resolution” shall mean a copy of a resolution or
resolutions certified by the Secretary or an Assistant Secretary of
the Company to have been duly adopted by the Board of Directors (or
by a committee of the Board of Directors to the extent that any
such other committee has been authorized by the Board of Directors
to establish or approve the matters contemplated) and to be in full
force and effect on the date of such certification and delivered to
the Trustee.
The term
“Business Day,” when used with respect to any Place of
Payment or any other particular location referred to in this
Indenture or in the Securities, shall mean each Monday, Tuesday,
Wednesday, Thursday and Friday which is not a day on which banking
institutions in that Place of Payment or other location are
authorized or obligated by law or executive order to
close.
The term
“Capital Stock” shall mean:
(a) in the
case of a corporation, corporate stock;
(b) in the
case of an association or business entity, any and all shares,
interests, participations, rights or other equivalents (however
designated) of corporate stock;
(c) in the
case of a partnership or limited liability company, partnership
interests (whether general or limited) or membership interests;
and
(d) any other
interest or participation that confers on a Person the right to
receive a share of the profits and losses of, or distributions of
assets of, the issuing Person, but excluding from all of the
foregoing any debt securities convertible into Capital Stock,
whether or not such debt securities include any right of
participation with Capital Stock.
The term
“Code” shall mean the Internal Revenue Code of 1986 as
in effect on the date hereof.
The term
“Company” shall mean the Person named as the
“Company” in the first paragraph of this Indenture
until a successor Person shall have become such pursuant to the
applicable provisions of this Indenture, and thereafter
“Company” shall mean such successor Person.
The term
“Company Order” shall mean a written order signed in
the name of the Company by the Chairman, Chief Executive Officer,
President, Chief Financial Officer, any Vice President, Treasurer,
any Assistant Treasurer, Secretary or any Assistant Secretary of
the Company, and delivered to the Trustee.
The term
“Corporate Trust Office,” or other similar term, shall
mean the principal office of the Trustee at which at any particular
time its corporate trust business shall be administered, which
office at the date hereof is located at [
], or such other
address as the Trustee may designate from time to time by notice to
the Holders and the Company, or the principal corporate trust
officer of any successor Trustee (or such other address as such
successor Trustee may designate from time to time by notice to the
Holders and the Company).
2
The term
“Currency” shall mean U.S. Dollars or Foreign
Currency.
The term
“Default” shall have the meaning assigned to it in
Section 11.03.
The term
“Defaulted Interest” shall have the same meaning
assigned to it in Section 3.08(b).
The term
“Depositary” shall mean, with respect to the Securities
of any series issuable in whole or in part in the form of one or
more Global Securities, the Person designated as Depositary by the
Company pursuant to Section 3.01 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 Securities of
any such series shall mean the Depositary with respect to the
Securities of that series.
The term
“Designated Currency” shall have the same meaning
assigned to it in Section 3.12.
The term
“Discharged” shall have the meaning assigned to it in
Section 12.03.
The term
“Event of Default” shall have the meaning specified in
Section 7.01.
The term
“Exchange Act” shall mean the Securities Exchange Act
of 1934, as amended.
The term
“Exchange Rate” shall have the meaning assigned to it
in Section 7.01.
The term
“Floating Rate Security” shall mean a Security that
provides for the payment of interest at a variable rate determined
periodically by reference to an interest rate index specified
pursuant to Section 3.01.
The term
“Foreign Currency” shall mean a currency issued by the
government of any country other than the United States or a
composite currency, the value of which is determined by reference
to the values of the currencies of any group of
countries.
The term
“GAAP,” with respect to any computation required or
permitted hereunder, shall mean generally accepted accounting
principles in effect in the United States as in effect from time to
time, including, without limitation, those set forth in the
opinions and pronouncements of the Accounting Principles Board of
the American Institute of Certified Public Accountants and
statements and pronouncements of the Financial Accounting Standards
Board or in such other statements by such other entity as approved
by a significant segment of the accounting profession.
3
The term
“Global Security” shall mean any Security that
evidences all or part of a series of Securities, issued in
fully-registered certificated form to the Depositary for such
series in accordance with Section 3.03 and bearing the legend
prescribed in Section 3.03(g).
Holder; Holder
of Securities:
The terms
“Holder” and “Holder of Securities” are
defined under “Securityholder; Holder of Securities;
Holder.”
The term
“Indebtedness” shall mean any and all obligations of a
Person for money borrowed which, in accordance with GAAP, would be
reflected on the balance sheet of such Person as a liability on the
date as of which Indebtedness is to be determined.
The term
“Indenture” or “this Indenture” shall mean
this instrument and all indentures supplemental hereto.
The term
“interest” shall mean, with respect to an Original
Issue Discount Security that by its terms bears interest only after
Maturity, interest payable after Maturity.
The term
“Interest Payment Date” shall mean, with respect to any
Security, the Stated Maturity of an installment of interest on such
Security.
Mandatory
Sinking Fund Payment:
The term
“Mandatory Sinking Fund Payment” shall have the meaning
assigned to it in Section 5.01.
The term
“Maturity,” with respect to any Security, shall mean
the date on which the principal of such Security shall become due
and payable as therein and herein provided, whether by declaration,
call for redemption or otherwise.
The term
“Members” shall have the meaning assigned to it in
Section 3.03(i).
The term
“Officer’s Certificate” shall mean a certificate
signed by any of the Chairman of the Board of Directors, Chief
Executive Officer, President, Chief Financial Officer, any Vice
President, Treasurer, any Assistant Treasurer, Secretary or any
Assistant Secretary of the Company and delivered to the Trustee.
Each such certificate shall include the statements provided for in
Section 15.01 if and to the extent required by the provisions
of such Section.
The term
“Opinion of Counsel” shall mean an opinion in writing
signed by legal counsel, who may be an employee of or of counsel to
the Company, or may be other counsel that meets the requirements
provided for in Section 15.01.
4
Optional
Sinking Fund Payment:
The term
“Optional Sinking Fund Payment” shall have the meaning
assigned to it in Section 5.01.
Original Issue
Discount Security:
The term
“Original Issue Discount Security” shall mean any
Security that is issued with “original issue discount”
within the meaning of Section 1273(a) of the Code and the
regulations thereunder and any other Security designated by the
Company as issued with original issue discount for United States
federal income tax purposes.
The term
“Outstanding,” when used with respect to Securities
means, as of the date of determination, all Securities theretofore
authenticated and delivered under this Indenture,
except:
(a) Securities
theretofore canceled by the Trustee or delivered to the Trustee for
cancellation;
(b) Securities
or portions thereof for which payment or redemption money in the
necessary amount has been theretofore deposited with the Trustee or
any Paying Agent (other than the Company) in trust or set aside and
segregated in trust by the Company (if the Company shall act as its
own Paying Agent) for the Holders of such Securities or Securities
as to which the Company’s obligations have been Discharged;
provided, however, that if such Securities or portions thereof are
to be redeemed, notice of such redemption has been duly given
pursuant to this Indenture or provision therefor satisfactory to
the Trustee has been made; and
(c) Securities
that have been paid pursuant to Section 3.07(b) or in exchange
for or in lieu of which other Securities have been authenticated
and delivered pursuant to this Indenture, other than any such
Securities in respect of which there shall have been presented to a
Responsible Officer of the Trustee proof satisfactory to it that
such Securities are held by a protected purchaser in whose hands
such Securities are valid obligations of the Company; provided,
however, that in determining whether the Holders of the requisite
principal amount of Securities of a series Outstanding have
performed any action hereunder, Securities owned by the Company or
any other obligor upon the Securities of such series 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
any such action, only Securities of such series that a Responsible
Officer of the Trustee actually knows to be so owned shall be so
disregarded. Securities so owned that 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 to act
with respect to such Securities and that the pledgee is not the
Company or any other obligor upon such Securities or any Affiliate
of the Company or of such other obligor. In determining whether the
Holders of the requisite principal amount of Outstanding Securities
of a series have performed any action hereunder, the principal
amount of an Original Issue Discount Security that shall be deemed
to be Outstanding for such purpose shall be the amount of the
principal thereof that would be due and payable as of the date of
such determination upon a declaration of acceleration of the
Maturity thereof pursuant to Section 7.02 and the principal
amount of a Security denominated in a Foreign Currency that shall
be deemed to be Outstanding for such purpose shall be the amount
calculated pursuant to Section 3.11(b).
The term
“Paying Agent” shall have the meaning assigned to it in
Section 6.02(a).
The term
“Person” shall mean an individual, a corporation, a
limited liability company, a partnership, an association, a joint
stock company, a trust, an unincorporated organization or a
government or an agency or political subdivision
thereof.
The term
“Place of Payment” shall mean, when used with respect
to the Securities of any series, the place or places where the
principal of and premium, if any, and interest on the Securities of
that series are payable as specified pursuant to
Section 3.01.
5
The term
“Predecessor Security” shall mean, with respect to any
Security, every previous Security evidencing all or a portion of
the same debt as that evidenced by such particular Security, and,
for the purposes of this definition, any Security authenticated and
delivered under Section 3.07 in lieu of a lost, destroyed or
stolen Security shall be deemed to evidence the same debt as the
lost, destroyed or stolen Security.
The term
“Record Date” shall mean, with respect to any interest
payable on any Security on any Interest Payment Date, the close of
business on any date specified in such Security for the payment of
interest pursuant to Section 3.01.
The term
“Redemption Date” shall mean, when used with respect to
any Security to be redeemed, in whole or in part, the date fixed
for such redemption by or pursuant to this Indenture and the terms
of such Security, which, in the case of a Floating Rate Security,
unless otherwise specified pursuant to Section 3.01, shall be
an Interest Payment Date only.
The term
“Redemption Price,” when used with respect to any
Security to be redeemed, in whole or in part, shall mean the price
at which it is to be redeemed pursuant to the terms of the Security
and this Indenture.
The term
“Register” shall have the meaning assigned to it in
Section 3.05(a).
The term
“Registrar” shall have the meaning assigned to it in
Section 3.05(a).
The term
“Responsible Officers” of the Trustee hereunder shall
mean any vice president, any assistant vice president, any trust
officer, any assistant trust officer or any other officer
associated with the corporate trust department of the Trustee
customarily performing functions similar to those performed by any
of the above designated officers, and also means, with respect to a
particular corporate trust matter, any other officer of the Trustee
to whom such matter is referred because of such person’s
knowledge of and familiarity with the particular subject and who
shall have direct responsibility for the administration of this
Indenture.
The term
“SEC” shall mean the U.S. Securities and Exchange
Commission, as constituted from time to time.
The term
“Securities Act” shall mean the Securities Act of 1933,
as amended.
The term
“Security” or “Securities” shall have the
meaning stated in the recitals and shall more particularly mean one
or more of the Securities duly authenticated by the Trustee and
delivered pursuant to the provisions of this Indenture.
The term
“Security Custodian” shall mean the custodian with
respect to any Global Security appointed by the Depositary, or any
successor Person thereto, and shall initially be the Paying
Agent.
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Securityholder; Holder of Securities; Holder:
The term
“Securityholder” or “Holder of Securities”
or “Holder,” shall mean the Person in whose name
Securities shall be registered in the Register kept for that
purpose hereunder.
The term
“Special Record Date” shall have the meaning assigned
to it in Section 3.08(b)(i).
The term
“Stated Maturity” when used with respect to any
Security or any installment of interest thereon, shall mean the
date specified in such Security as the fixed date on which the
principal (or any portion thereof) of or premium, if any, on such
Security or such installment of interest is due and
payable.
The term
“Subsidiary,” when used with respect to any Person,
shall mean:
(a) any
corporation, limited liability company, association or other
business entity of which more than 50% of the total voting power of
shares of Capital Stock entitled (without regard to the occurrence
of any contingency and after giving effect to any voting agreement
or stockholders’ agreement that effectively transfers voting
power) to vote in the election of directors, managers or trustees
of the corporation, association or other business entity is at the
time owned or controlled, directly or indirectly, by that Person or
one or more of the other Subsidiaries of that Person (or a
combination thereof); and
(b) any
partnership (i) the sole general partner or the managing
general partner of which is such Person or a Subsidiary of such
Person or (ii) the only general partners of which are that
Person or one or more Subsidiaries of that Person (or any
combination thereof).
The term
“Successor Company” shall have the meaning assigned to
it in Section 3.06(i).
The term
“Trade Payables” means accounts payable or any other
Indebtedness or monetary obligations to trade creditors created or
assumed by the Company or any Subsidiary of the Company in the
ordinary course of business (including guarantees thereof or
instruments evidencing such liabilities).
Trust
Indenture Act; TIA:
The term
“Trust Indenture Act” or “TIA” shall mean
the Trust Indenture Act of 1939, as amended.
The term
“Trustee” shall mean the Person named as the
“Trustee” in the first paragraph of this Indenture
until a successor Trustee shall have become such with respect to
one or more series of Securities pursuant to the applicable
provisions of this Indenture, and thereafter “Trustee”
shall mean or include each Person who is then a Trustee hereunder,
and if at any time there is more than one such Person,
“Trustee” as used with respect to the Securities of any
series shall mean the Trustee with respect to Securities of that
series.
The term
“U.S. Dollars” shall mean such currency of the United
States as at the time of payment shall be legal tender for the
payment of public and private debts.
U.S.
Government Obligations:
The term
“U.S. Government Obligations” shall mean
(i) direct non-callable obligations of, or guaranteed by, the
United States or (ii) obligations of a Person controlled or
supervised by and acting as an agency or
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instrumentality
of the United States, in either case, for the payment of which
guarantee or obligation the full faith and credit of the United
States is pledged.
The term
“United States” shall mean the United States of America
(including the States and the District of Columbia), its
territories and its possessions and other areas subject to its
jurisdiction.
Section 2.01
Terms of the Securities .
(a) The
Securities of each series shall be substantially in the form set
forth in a Company Order or in one or more indentures supplemental
hereto, and shall have 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 or designation and such legends or endorsements
placed thereon as the Company may deem appropriate and as are not
inconsistent with the provisions of this Indenture, or as may be
required to comply with any law or with any rule or regulation made
pursuant thereto or with any rule or regulation of any securities
exchange on which any series of the Securities may be listed or of
any automated quotation system on which any such series may be
quoted, or to conform to usage, all as determined by the officers
executing such Securities as conclusively evidenced by their
execution of such Securities.
(b) The terms
and provisions of the Securities shall constitute, and are hereby
expressly made, a part of this Indenture, and, to the extent
applicable, the Company and the Trustee, by their execution and
delivery of this Indenture expressly agree to such terms and
provisions and to be bound thereby.
Section 2.02
Form of Trustee’s Certificate of Authentication
.
(a) Only such
of the Securities as shall bear thereon a certificate substantially
in the form of the Trustee’s certificate of authentication
hereinafter recited, executed by the Trustee by manual signature,
shall be valid or become obligatory for any purpose or entitle the
Holder thereof to any right or benefit under this
Indenture.
(b) Each
Security shall be dated the date of its authentication, except that
any Global Security shall be dated as of the date specified as
contemplated in Section 3.01.
(c) The form
of the Trustee’s certificate of authentication to be borne by
the Securities shall be substantially as follows:
TRUSTEE’S
CERTIFICATE OF AUTHENTICATION
This is one of the
Securities of the series designated therein referred to in the
within-mentioned Indenture.
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Date of
authentication:
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[ ]., as
Trustee
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By:
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Authorized
Signatory
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Section 2.03
Form of Trustee’s Certificate of Authentication by an
Authenticating Agent . If at any time there shall be an
Authenticating Agent appointed with respect to any series of
Securities, then the Trustee’s Certificate of Authentication
by such Authenticating Agent to be borne by Securities of each such
series shall be substantially as follows:
TRUSTEE’S
CERTIFICATE OF AUTHENTICATION
This is one of the
Securities issued referred to in the within-mentioned
Indenture.
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Date of
authentication:
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[
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By:
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as
Authenticating Agent
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Authorized
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Section 3.01
Amount Unlimited; Issuable in Series . The aggregate
principal amount of Securities that may be authenticated and
delivered under this Indenture is unlimited. The Securities may be
issued in one or more series. There shall be set forth in a Company
Order or in one or more indentures supplemental hereto, prior to
the issuance of Securities of any series:
(a) the title
of the Securities of the series (which shall distinguish the
Securities of such series from the Securities of all other series,
except to the extent that additional Securities of an existing
series are being issued);
(b) any limit
upon the aggregate principal amount of the Securities of the series
that may be authenticated and delivered under this Indenture
(except for Securities authenticated and delivered upon transfer
of, or in exchange for, or in lieu of, other Securities of such
series pursuant to Section 3.04, 3.06, 3.07, 4.06, or
14.05);
(c) the dates
on which or periods during which the Securities of the series may
be issued, and the dates on, or the range of dates within, which
the principal of and premium, if any, on the Securities of such
series are or may be payable or the method by which such date or
dates shall be determined or extended;
(d) the rate
or rates at which the Securities of the series shall bear interest,
if any, or the method by which such rate or rates shall be
determined, the date or dates from which such interest shall
accrue, or the method by which such date or dates shall be
determined, the Interest Payment Dates on which any such interest
shall be payable, and the Record Dates for the determination of
Holders to whom interest is payable on such Interest Payment Dates
or the method by which such date or dates shall be determined, the
right, if any, to extend or defer interest payments and the
duration of such extension or deferral;
(e) if other
than U.S. Dollars, the Currency in which Securities of the series
shall be denominated or in which payment of the principal of,
premium, if any, or interest on the Securities of the series shall
be payable and any other terms concerning such payment;
(f) if the
amount of payment of principal of, premium, if any, or interest on
the Securities of the series may be determined with reference to an
index, formula or other method including, but not limited to, an
index based on a Currency or Currencies other than that in which
the Securities are stated to be payable, the manner in which such
amounts shall be determined;
(g) if the
principal of, premium, if any, or interest on Securities of the
series are to be payable, at the election of the Company or a
Holder thereof, in a Currency other than that in which the
Securities are denominated or stated to be payable without such
election, the period or periods within which, and the terms and
conditions upon which, such election may be made and the time and
the manner of determining the exchange rate between the Currency in
which the Securities are denominated or payable without such
election and the Currency in which the Securities are to be paid if
such election is made;
(h) the place
or places, if any, in addition to or instead of the Corporate Trust
Office of the Trustee where the principal of, premium, if any, and
interest on Securities of the series shall be payable, and where
Securities of any series may be presented for registration of
transfer, exchange or conversion, and the place or places where
notices and demands to or upon the Company in respect of the
Securities of such series may be made;
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(i) the price
or prices at which, the period or periods within which or the date
or dates on which, and the terms and conditions upon which
Securities of the series may be redeemed, in whole or in part, at
the option of the Company, if the Company is to have that
option;
(j) the
obligation or right, if any, of the Company to redeem, purchase or
repay Securities of the series pursuant to any sinking fund,
amortization or analogous provisions or at the option of a Holder
thereof and the price or prices at which, the period or periods
within which or the date or dates on which, the Currency or
Currencies in which and the terms and conditions upon which
Securities of the series shall be redeemed, purchased or repaid, in
whole or in part, pursuant to such obligation;
(k) if other
than denominations of $1,000 or any integral multiple thereof, the
denominations in which Securities of the series shall be
issuable;
(l) if other
than the principal amount thereof, the portion of the principal
amount of the Securities of the series which shall be payable upon
declaration of acceleration of the Maturity thereof pursuant to
Section 7.02;
(m) whether
the Securities of the series are to be issued as Original Issue
Discount Securities and the amount of discount with which such
Securities may be issued;
(n) provisions,
if any, for the defeasance of Securities of the series in whole or
in part and any addition or change in the provisions related to
satisfaction and discharge;
(o) whether
the Securities of the series are to be issued in whole or in part
in the form of one or more Global Securities and, in such case, the
Depositary for such Global Security or Securities and the terms and
conditions, if any, upon which interests in such Global Security or
Securities may be exchanged in whole or in part for the individual
Securities represented thereby;
(p) the date
as of which any Global Security of the series shall be dated if
other than the original issuance of the first Security of the
series to be issued;
(q) the form
of the Securities of the series;
(r) if the
Securities of the series are to be convertible into or exchangeable
for any securities or property of any Person (including the
Company), the terms and conditions upon which such Securities will
be so convertible or exchangeable, and any additions or changes, if
any, to permit or facilitate such conversion or
exchange;
(s) whether
the Securities of such series are subject to subordination and the
terms of such subordination;
(t) any
restriction or condition on the transferability of the Securities
of such series;
(u) any
addition or change in the provisions related to compensation and
reimbursement of the Trustee which applies to Securities of such
series;
(v) any
addition or change in the provisions related to supplemental
indentures set forth in Sections 14.04 and 14.02 which applies
to Securities of such series;
(w) provisions,
if any, granting special rights to Holders upon the occurrence of
specified events;
(x) any
addition to or change in the Events of Default which applies to any
Securities of the series and any change in the right of the Trustee
or the requisite Holders of such Securities to declare the
principal amount thereof due and payable pursuant to
Section 7.02 and any addition or change in the provisions set
forth in Article VII which applies to Securities of the
series;
(y) any
addition to or change in the covenants set forth in Article VI
which applies to Securities of the series; and
(z) any other
terms of the Securities of such series (which terms shall not be
inconsistent with the provisions of this Indenture, except as
permitted by Section 14.01).
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All Securities of
any one series shall be substantially identical, except as to
denomination and except as may otherwise be provided herein or set
forth in a Company Order or in one or more indentures supplemental
hereto.
Section 3.02
Denominations . In the absence of any specification pursuant
to Section 3.01 with respect to Securities of any series, the
Securities of such series shall be issuable only as Securities in
denominations of any integral multiple of $1,000, and shall be
payable only in U.S. Dollars.
Section 3.03
Execution, Authentication, Delivery and Dating .
(a) The
Securities shall be executed in the name and on behalf of the
Company by the manual or facsimile signature of its Chairman of the
Board of Directors, Chief Executive Officer, President, Chief
Operating Officer, Chief Financial Officer, one of its Vice
Presidents or Treasurer. If the Person whose signature is on a
Security no longer holds that office at the time the Security is
authenticated and delivered, the Security shall nevertheless be
valid.
(b) At any
time and from time to time after the execution and delivery of this
Indenture, the Company may deliver Securities of any series
executed by the Company to the Trustee for authentication, together
with a Company Order for the authentication and delivery of such
Securities and, if required pursuant to Section 3.01, a
supplemental indenture or Company Order setting forth the terms of
the Securities of a series. The Trustee shall thereupon
authenticate and deliver such Securities without any further action
by the Company. The Company Order shall specify the amount of
Securities to be authenticated and the date on which the original
issue of Securities is to be authenticated.
(c) In
authenticating the first Securities of any series and accepting the
additional responsibilities under this Indenture in relation to
such Securities the Trustee shall receive, and (subject to
Section 11.02) shall be fully protected in relying upon an
Officer’s Certificate and an Opinion of Counsel, each
prepared in accordance with Section 15.01 stating that the
conditions precedent, if any, provided for in the Indenture have
been complied with.
(d) The
Trustee shall have the right to decline to authenticate and deliver
the Securities under this Section 3.03 if the issue of the
Securities pursuant to this Indenture will affect the
Trustee’s own rights, duties or immunities under the
Securities and this Indenture or otherwise in a manner which is not
reasonably acceptable to the Trustee.
(e) Each
Security shall be dated the date of its authentication, except as
otherwise provided pursuant to Section 3.01 with respect to
the Securities of such series.
(f) Notwithstanding
the provisions of Section 3.01 and of this Section 3.03,
if all of the Securities of any series are not to be originally
issued at the same time, then the documents required to be
delivered pursuant to this Section 3.03 must be delivered only
once prior to the authentication and delivery of the first Security
of such series;
(g) If the
Company shall establish pursuant to Section 3.01 that the
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 authenticate and deliver one or more
Global Securities that (i) shall represent an aggregate amount
equal to the aggregate principal amount of the Outstanding
Securities of such series to be represented by such Global
Securities, (ii) shall be registered, if in registered form,
in the name of the Depositary for such Global Security or
Securities or the nominee of such Depositary, (iii) shall be
delivered by the Trustee to such Depositary or pursuant to such
Depositary’s instruction and (iv) shall bear a legend
substantially to the following effect:
“Unless and
until it is exchanged in whole or in part for the individual
Securities represented hereby, this Global Security may not be
transferred except as a whole by the Depositary to a nominee of the
Depositary or by a nominee of the Depositary to the Depositary or
another nominee of the Depositary or by the Depositary or any such
nominee to a successor Depositary or a nominee of such successor
Depositary.”
The aggregate
principal amount of each Global Security may from time to time be
increased or decreased by adjustments made on the records of the
Security Custodian, as provided in this Indenture.
(h) Each
Depositary designated pursuant to Section 3.01 for a Global
Security in registered form must, at the time of its designation
and at all times while it serves as such Depositary, be a clearing
agency registered under the Exchange Act and any other applicable
statute or regulation.
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(i) Members
of, or participants in, the Depositary (“Members”)
shall have no rights under this Indenture with respect to any
Global Security held on their behalf by the Depositary or by the
Security Custodian under such Global Security, and the Depositary
may be treated by the Company, the Trustee, the Paying Agent and
the Registrar and any of their agents as the absolute owner of such
Global Security for all purposes whatsoever. Notwithstanding the
foregoing, nothing herein shall prevent the Company, the Trustee,
the Paying Agent or the Registrar or any of their agents from
giving effect to any written certification, proxy or other
authorization furnished by the Depositary or impair, as between the
Depositary and its Members, the operation of customary practices of
the Depositary governing the exercise of the rights of an owner of
a beneficial interest in any Global Security. The Holder of a
Global Security may grant proxies and otherwise authorize any
Person, including Members and Persons that may hold interests
through Members, to take any action that a Holder is entitled to
take under this Indenture or the Securities.
(j) No
Security shall be entitled to any benefit under this Indenture or
be valid or obligatory for any purpose unless there appears on such
Security a certificate of authentication substantially in one of
the forms provided for herein duly executed by the Trustee or by an
Authenticating Agent by manual or facsimile signature of an
authorized signatory of the Trustee, and such certificate upon any
Security shall be conclusive evidence, and the only evidence, that
such Security has been duly authenticated and delivered hereunder
and is entitled to the benefits of this Indenture.
Section 3.04
Temporary Securities .
(a) Pending
the preparation of definitive Securities of any series, the Company
may execute, and upon Company Order the Trustee shall authenticate
and deliver, temporary Securities that are printed, lithographed,
typewritten, mimeographed or otherwise reproduced, in any
authorized denomination, substantially of the tenor of the
definitive Securities in lieu of which they are issued, in
registered form and with such appropriate insertions, omissions,
substitutions and other variations as the officers executing such
Securities may determine, as conclusively evidenced by their
execution of such Securities. Any such temporary Security may be in
global form, representing all or a portion of the Outstanding
Securities of such series. Every such temporary Security shall be
executed by the Company and shall be authenticated and delivered by
the Trustee upon the same conditions and in substantially the same
manner, and with the same effect, as the definitive Security or
Securities in lieu of which it is issued.
(b) If
temporary Securities of any series are issued, the Company will
cause definitive Securities of such series to be prepared without
unreasonable delay. After the preparation of definitive Securities
of such series, the temporary Securities of such series shall be
exchangeable for definitive Securities of such series upon
surrender of such temporary Securities at the office or agency of
the Company in a Place of Payment for such series, without charge
to the Holder. Upon surrender for cancellation of any one or more
temporary Securities of any series, the Company shall execute and
the Trustee shall authenticate and deliver in exchange therefor a
like principal amount of definitive Securities of the same series
of authorized denominations and of like tenor. Until so exchanged,
the temporary Securities of any series shall in all respects be
entitled to the same benefits under this Indenture as definitive
Securities of such series.
(c) Upon any
exchange of a portion of a temporary Global Security for a
definitive Global Security or for the individual Securities
represented thereby pursuant to this Section 3.04 or
Section 3.06, the temporary Global Security shall be endorsed
by the Trustee to reflect the reduction of the principal amount
evidenced thereby, whereupon the principal amount of such temporary
Global Security shall be reduced for all purposes by the amount so
exchanged and endorsed.
(a) The
Company will keep, at an office or agency to be maintained by it in
a Place of Payment where Securities may be presented for
registration or presented and surrendered for registration of
transfer or of exchange, and where Securities of any series that
are convertible or exchangeable may be surrendered for conversion
or exchange, as applicable (the “Registrar”), a
security register for the registration and the registration of
transfer or of exchange of the Securities (the registers maintained
in such office and in any other office or agency of the Company in
a Place of Payment being herein sometimes collectively referred to
as the “Register”), as in this Indenture
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provided, which
Register shall at all reasonable times be open for inspection by
the Trustee. Such Register shall be in written form or in any other
form capable of being converted into written form within a
reasonable time. The Company may have one or more co-Registrars;
the term “Registrar” includes any
co-registrar.
(b) The
Company shall enter into an appropriate agency agreement with any
Registrar or co-Registrar not a party to this Indenture. The
agreement shall implement the provisions of this Indenture that
relate to such agent. The Company shall notify the Trustee of the
name and address of each such agent. If the Company fails to
maintain a Registrar for any series, the Trustee shall act as such
and shall be entitled to appropriate compensation therefor pursuant
to Section 11.01. The Company or any Affiliate thereof may act
as Registrar, co-Registrar or transfer agent.
(c) The
Company hereby appoints the Trustee at its Corporate Trust Office
as Registrar in connection with the Securities and this Indenture,
until such time as another Person is appointed as such.
Section 3.06
Transfer and Exchange .
(i) Upon surrender
for registration of transfer of any Security of any series at the
Registrar the Company shall execute, and the Trustee or any
Authenticating Agent shall authenticate and deliver, in the name of
the designated transferee, one or more new Securities of the same
series for like aggregate principal amount of any authorized
denomination or denominations. The transfer of any Security shall
not be valid as against the Company or the Trustee unless
registered at the Registrar at the request of the Holder, or at the
request of his, her or its attorney duly authorized in
writing.
(ii)
Notwithstanding any other provision of this Section, unless and
until it is exchanged in whole or in part for the individual
Securities represented thereby, a Global Security representing all
or a portion of the Securities of a series may not be transferred
except as a whole by the Depositary for such series to a nominee of
such Depositary or by a nominee of such Depositary to such
Depositary or another nominee of such Depositary or by such
Depositary or any such nominee to a successor Depositary for such
series or a nominee of such successor Depositary.
(i) At the option
of the Holder, Securities of any series (other than a Global
Security, except as set forth below) may be exchanged for other
Securities of the same series for like aggregate principal amount
of any authorized denomination or denominations, upon surrender of
the Securities to be exchanged at the Registrar.
(ii) Whenever any
Securities are so surrendered for exchange, the Company shall
execute, and the Trustee shall authenticate and deliver, the
Securities that the Holder making the exchange is entitled to
receive.
(c) Exchange
of Global Securities for Individual Securities. Except as provided
below, owners of beneficial interests in Global Securities will not
be entitled to receive individual Securities.
(i) Individual
Securities shall be issued to all owners of beneficial interests in
a Global Security in exchange for such interests if: (A) at
any time the Depositary for the Securities of a series notifies the
Company that it is unwilling or unable to continue as Depositary
for the Securities of such series or if at any time the Depositary
for the Securities of such series shall no longer be eligible under
Section 3.03(h) and, in each case, a successor Depositary is
not appointed by the Company within 90 days of such notice, or
(B) the Company executes and delivers to the Trustee and the
Registrar an Officer’s Certificate stating that such Global
Security shall be so exchangeable.
In connection with
the exchange of an entire Global Security for individual Securities
pursuant to this subsection (c), such Global Security shall be
deemed to be surrendered to the Trustee for cancellation, and the
Company shall execute, and the Trustee, upon receipt of a Company
Order for the authentication and delivery of individual Securities
of such series, will authenticate and deliver to each beneficial
owner identified by the Depositary in exchange for its beneficial
interest in such Global Security, an equal aggregate principal
amount of individual Securities of authorized
denominations.
(ii) The owner of
a beneficial interest in a G

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