\
[FORM OF FIXED RATE SENIOR DEBT
SECURITY]
|
|
|
|
|
|
|
|
Registered
No.
|
|
CUSIP No.
ISIN No.
|
[IF A GLOBAL
SECURITY, INSERT — THIS SECURITY IS A GLOBAL SECURITY WITHIN
THE MEANING OF THE 2008 INDENTURE AS DEFINED ON THE REVERSE OF THIS
SECURITY AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE
THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR
A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR
IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN
SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE 2008 INDENTURE AND THIS
SECURITY.]
[IF DTC IS THE
DEPOSITARY, INSERT — UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW
YORK CORPORATION (“DTC”), TO THE GOLDMAN SACHS GROUP,
INC. OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE
& CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS
THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.]
[INSERT ANY
LEGEND REQUIRED BY THE INTERNAL REVENUE CODE AND THE REGULATIONS
THEREUNDER.]
[INSERT ANY
LEGEND REQUIRED BY THE EMPLOYEE RETIREMENT INCOME SECURITY ACT AND
THE REGULATIONS THEREUNDER.]
THIS SECURITY
IS GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION, AND THE
RIGHTS OF THE HOLDER OF THIS SECURITY ARE SUBJECT TO CERTAIN RIGHTS
OF THE FDIC, AS AND TO THE EXTENT INDICATED IN THIS SECURITY,
INCLUDING SECTIONS 7, 9, 10, 11, 12, 13, 14, 15 AND 16 ON THE
REVERSE HEREOF.
(Face of Security continued on next
page)
-1-
Title of
Series:
Title of Securities:
THE GOLDMAN SACHS GROUP,
INC.
The Goldman Sachs
Group, Inc., a corporation duly organized and existing under the
laws of the State of Delaware (hereinafter called the
“Company”, which term includes any successor Person
under the 2008 Indenture (as defined on the reverse of this
Security)), for value received, hereby promises to pay
to , or registered assigns, the
principal sum
of on
and to pay interest thereon,
from or from the most recent Interest Payment Date to which
interest has been paid or made available for payment,
on in each year, commencing
on
and at
the Maturity of the principal hereof, at the rate
of % per annum, until the principal
hereof is paid or made available for payment. Any such installment
of interest that is overdue shall also bear interest at the rate of
% per annum (to the extent that the payment of
such interest shall be legally enforceable), from the date any such
overdue amount first becomes due until it is paid or made available
for payment. Notwithstanding the foregoing, interest on any
installment of interest that is overdue shall be payable on
demand.
The interest so
payable, and punctually paid or made available for payment, on any
Interest Payment Date will, as provided in the 2008 Indenture, be
paid to the Person in whose name this Security (or one or more
Predecessor Securities) is registered at the close of business on
the Regular Record Date for such interest, which shall be
the (whether or not a Business Day, as defined below) next
preceding such Interest Payment Date. Any interest so payable, but
not punctually paid or made available for payment, on any Interest
Payment Date will forthwith cease to be payable to the Holder on
such Regular Record Date and such Defaulted Interest may either be
paid to the Person in whose name this Security (or one or more
Predecessor Securities) is registered at the close of business on a
Special Record Date for the payment of such Defaulted Interest to
be fixed by the Trustee, notice whereof being given to the Holder
of this Security not less than 10 days prior to such Special
Record Date, or be paid in any other lawful manner not inconsistent
with the requirements of any securities exchange on which this
Security may be listed, and upon such notice as may be required by
such exchange, all as more fully provided in the 2008 Indenture.
For the purpose of determining the Holder at the close of business
on any relevant record date when business is not conducted, the
close of business will mean 5:00 P.M., New York City time, on that
day.
The Company and
the Trustee acknowledge that the Company has not opted out of the
debt guarantee program (the “Debt Guarantee Program”)
established by the Federal Deposit Insurance Corporation
(“FDIC”) under its Temporary Liquidity Guarantee
Program. As a result, this debt is guaranteed under the FDIC
Temporary Liquidity Guarantee Program and is backed by the full
faith and credit of the United States. The details of the FDIC
guarantee are provided in the FDIC’s regulations, 12 CFR
Part 370, and at the FDIC’s website, www.fdic.gov/tlgp.
The expiration date of the FDIC’s guarantee is the earlier of
the maturity date of this debt or June 30, 2012
.
The Trustee is
hereby designated as the duly authorized representative of the
Holder for purposes of making claims and taking other permitted or
required actions under the Debt Guarantee Program (the
“Representative”). The Holder of this Security may
elect not to be represented by the Representative with respect to
this Security by providing written notice of such election to the
Representative.
Notwithstanding
any provision of this Security, any right of the Holder to receive
payment in respect of this Security under the Debt Guarantee
Program shall be subject to the procedures and other requirements
of the Debt Guarantee Program, and the Holder will not be entitled
under the Debt Guarantee Program to receive any additional interest
or penalty amounts on account of any default or resulting delay in
payment in respect of this Security.
(Face of Security continued on next
page)
-2-
Currency
and Manner of Payment
[IF PAYMENT IS
IN U.S. DOLLARS, INSERT — Payment of the principal of and
premium or interest on this Security will be made in such coin or
currency of the United States of America as at the time of payment
is legal tender for payment of public and private debts.
Notwithstanding any other provision of this Security or the 2008
Indenture, if this Security is a Global Security, any payment in
respect of this Security may be made pursuant to the Applicable
Procedures of the Depositary as permitted in the 2008
Indenture.
Subject to the
prior paragraph and except as provided in the next paragraph,
payment of any amount payable on this Security will be made at the
office or agency of the Company maintained for that purpose in The
City of New York (and at any other office or agency maintained by
the Company for that purpose), against surrender of this Security
in the case of any payment due at the Maturity of the principal
hereof (other than any payment of interest that first becomes due
on an Interest Payment Date); provided , however ,
that, at the option of the Company and subject to the next
paragraph, payment of interest may be made by check mailed to the
address of the Person entitled thereto as such address shall appear
in the Security Register.
Subject to the
second preceding paragraph, payment of any amount payable on this
Security will be made by wire transfer of immediately available
funds to an account maintained by the payee with a bank located in
the Borough of Manhattan, The City of New York, if (i) the
principal of this Security is at least $1,000,000 (or the
equivalent in another currency) and (ii) the Holder entitled
to receive such payment transmits a written request for such
payment to be made in such manner to the Trustee at its Corporate
Trust Office, Attention: Corporate Trust Administration, on or
before the fifth Business Day before the day on which such payment
is to be made; provided that, in the case of any such
payment due at the Maturity of the principal hereof (other than any
payment of interest that first becomes due on an Interest Payment
Date), this Security must be surrendered at the office or agency of
the Company maintained for that purpose in The City of New York (or
at any other office or agency maintained by the Company for that
purpose) in time for the Paying Agent to make such payment in such
funds in accordance with its normal procedures. Any such request
made with respect to any payment on this Security payable to a
particular Holder will remain in effect for all later payments on
this Security payable to such Holder, unless such request is
revoked on or before the fifth Business Day before a payment is to
be made, in which case such revocation shall be effective for such
payment and all later payments. In the case of any payment of
interest payable on an Interest Payment Date, such written request
must be made by the Person who is the registered Holder of this
Security on the relevant Regular Record Date. The Company will pay
any administrative costs imposed by banks in connection with making
payments by wire transfer with respect to this Security, but any
tax, assessment or other governmental charge imposed upon any
payment will be borne by the Holder of this Security and may be
deducted from the payment by the Company or the Paying Agent.
]
[IF PAYMENT IS
IN EUROS, INSERT — Payment of the principal of and
premium or interest on this Security will be made in euros.
Notwithstanding any other provision of this Security or the 2008
Indenture, if this Security is a Global Security, any payment in
respect of this Security may be made pursuant to the Applicable
Procedures of the Depositary as permitted in the 2008
Indenture.
Subject to the
prior paragraph and except as provided in the next [two] [three]
paragraphs, payment of any amount payable on this Security will be
made at the office or agency of the Company maintained for that
purpose in The City of New York (and at any other office or agency
maintained by the Company for that purpose), against surrender of
this Security in the case of any payment due at the Maturity of the
principal hereof (other than any payment of interest that first
becomes due on an Interest Payment Date); provided ,
however , that, at the option of the Company and subject to
the next paragraph, payment of interest may be made by check mailed
to the address of the Person entitled thereto as such address shall
appear in the Security Register.
Subject to the
second preceding paragraph, payment of any amount payable on this
Security will be made by wire transfer of immediately available
funds to an account maintained by the payee with a bank located in
the Borough of Manhattan, The City of New York, if (i) the
principal of this Security is at least
(Face of Security continued on next
page)
-3-
USD$1,000,000
(or the equivalent in euros) and (ii) the Holder entitled to
receive such payment transmits a written request for such payment
to be made in such manner to the Trustee at its Corporate Trust
Office, Attention: Corporate Trust Administration, on or before the
fifth Business Day before the day on which such payment is to be
made; provided that, in the case of any such payment due at
the Maturity of the principal hereof (other than any payment of
interest that first becomes due on an Interest Payment Date), this
Security must be surrendered at the office or agency of the Company
maintained for that purpose in The City of New York (or at any
other office or agency maintained by the Company for that purpose)
in time for the Paying Agent to make such payment in such funds in
accordance with its normal procedures. Any such request made with
respect to any payment on this Security payable to a particular
Holder will remain in effect for all later payments on this
Security payable to such Holder, unless such request is revoked on
or before the fifth Business Day before a payment is to be made, in
which case such revocation shall be effective for such payment and
all later payments. In the case of any payment of interest payable
on an Interest Payment Date, such written request must be made by
the Person who is the registered Holder of this Security on the
relevant Regular Record Date. The Company will pay any
administrative costs imposed by banks in connection with making
payments by wire transfer with respect to this Security, but any
tax, assessment or other governmental charge imposed upon any
payment will be borne by the Holder of this Security and may be
deducted from the payment by the Company or the Paying Agent.
]
[IF LISTED ON
LUXEMBOURG STOCK EXCHANGE, INSERT — So long as the
Securities of this series are listed on the Official List of the
Luxembourg Stock Exchange and such Stock Exchange shall so require,
the Company will at all times maintain an office or agency in
Luxembourg for the payment of the principal of and interest on the
Securities of this series. Such Paying Agent in Luxembourg shall
initially be Dexia Banque Internationale à Luxembourg
société anonyme. ]
Payments
Due on a Business Day
Notwithstanding
any provision of this Security or the 2008 Indenture, if any amount
of principal, premium or interest would otherwise be due on this
Security on a day (the “Specified Day”) that is not a
Business Day, such amount may be paid or made available for payment
on the Business Day that is next succeeding the Specified Day with
the same force and effect as if such amount were paid on the
Specified Day; and no interest will accrue on the amount so payable
for the period from the Specified Day to such next succeeding
Business Day. For all purposes of this Security, “Business
Day” means any day that is not a Saturday or Sunday, and that
is not a day on which banking institutions generally are authorized
or obligated by law, regulation or executive order to close in The
City of New York [;][IF PAYMENT IS IN EUROS, INSERT —
or London, and that is also a Euro Business Day, as defined below.
The term “Euro Business Day” means any day on which the
Trans-European Automated Real-Time Gross Settlement Express
Transfer (TARGET) System, or any successor system, is open for
business; ] provided that, solely with respect to any
payment to be made at any Place of Payment outside The City of New
York [IF PAYMENT IS IN EUROS, INSERT — or London
] , Business Day means any day that is a “Business
Day” as defined above and that is also not a day on which
banking institutions generally are authorized or obligated by law,
regulation or executive order to close in such Place of Payment;
provided further that, with respect to
Section 12 of the reverse hereof and Exhibit B hereto,
the definition of “Business Day” therein shall apply.
The provisions of this paragraph shall apply to this Security in
lieu of the provisions of Section 1.13 of the 2008
Indenture.
[IF PAYMENT IS
IN EUROS, INSERT — Payments Made in U.S.
Dollars
Notwithstanding
any provision of this Security or the 2008 Indenture, if any amount
payable on this Security is payable on any day and if euros are not
available to the Company on the two Business Days before such day,
due to the imposition of exchange controls, disruption in a
currency market or any other circumstances beyond the control of
the Company, the Company will be entitled to satisfy its obligation
to pay such amount in euros by making such payment in U.S. dollars.
The amount of such payment in U.S. dollars shall be determined by
the Exchange Rate Agent on the basis of the noon buying rate for
cable transfers in The City of New York for euros (the
“Exchange Rate”) as of the latest day before the day on
which such payment is to be made. Any payment made under such
circumstances in U.S. dollars where the
(Face of Security continued on next
page)
-4-
required
payment is in euros will not constitute an Event of Default under
this Security or the 2008 Indenture.
As used herein,
the “Exchange Rate Agent” shall initially mean
[ ];
provided that the Company may, in its sole discretion,
appoint any other institution (including any affiliate of the
Company) to serve as any such agent from time to time. The Company
will give the Trustee prompt written notice of any change in any
such appointment. Insofar as this Security provides for any such
agent to obtain rates, quotes or other data from a bank, dealer or
other institution for use in making any determination hereunder,
such agent may do so from any institution or institutions of the
kind contemplated hereby notwithstanding that any one or more of
such institutions are any such agent, affiliates of any such agent
or affiliates of the Company.
All determinations
made by the Exchange Rate Agent pursuant to the terms of this
Security shall be, absent manifest error, conclusive for all
purposes and binding on the Holder of this Security and the
Company. The Exchange Rate Agent shall not have any liability
therefor. ]
Reference is
hereby made to the further provisions of this Security set forth on
the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
Unless the
certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this
Security shall not be entitled to any benefit under the 2008
Indenture or be valid or obligatory for any purpose.
(Face of Security continued on next
page)
-5-
IN WITNESS
WHEREOF, the Company has caused this instrument to be duly
executed.
|
|
|
|
|
|
|
|
THE GOLDMAN
SACHS GROUP, INC.
|
|
|
|
By
|
|
|
|
|
|
Name:
|
|
|
|
|
|
Title:
|
|
|
|
|
This is one of the
Securities of the series designated herein and referred to in the
2008 Indenture.
|
|
|
|
|
|
|
|
THE BANK OF NEW
YORK MELLON, as Trustee
|
|
|
|
By
|
|
|
|
|
|
Authorized
Signatory
|
|
|
|
|
|
|
|
|
1.
Securities and Indenture.
This Security is
one of a duly authorized issue of securities of the Company (herein
called the “Securities”) issued and to be issued in one
or more series under a Senior Debt Indenture, dated as of
July 16, 2008 (herein called the “2008 Indenture”,
which term shall have the meaning assigned to it in such
instrument), between the Company and The Bank of New York Mellon,
as Trustee (herein called the “Trustee”, which term
includes any successor trustee under the 2008 Indenture), and
reference is hereby made to the 2008 Indenture for a statement of
the respective rights, limitations of rights, duties and immunities
thereunder of the Company, the Trustee and the Holders of the
Securities and of the terms upon which the Securities are, and are
to be, authenticated and delivered.
2.
Series and Denominations.
This Security is
one of the series designated on the face hereof, limited to an
aggregate principal amount as shall be determined and may be
increased from time to time by the Company. Any election by the
Company so to increase such aggregate principal amount shall be
evidenced by a certificate of an Authorized Person (as defined in
the Determination of an Authorized Person, dated
, with respect to
this series). References herein to “this series” mean
the series of Securities designated on the face hereof. The
Securities of this series are issuable only in registered form
without coupons in denominations of integral multiples
of
,
subject to a minimum denomination of
$
.
3. [IF
APPLICABLE, INSERT — Additional
Amounts.
If the beneficial
owner of this Security is a United States Alien (as defined below),
the Company will pay all additional amounts that may be necessary
so that every net payment of the principal of and interest on this
Security to such beneficial owner, after deduction or withholding
for or on account of any present or future tax, assessment or
governmental charge imposed with respect to such payment by any
U.S. Taxing Authority (as defined below), will not be less than the
amount provided for in this Security to be then due and payable;
provided , however , that the Company shall have no
obligation to pay additional amounts for or on account of any one
or more of the following:
(i) any tax,
assessment or other governmental charge imposed solely because at
any time there is or was a connection between such beneficial owner
(or between a fiduciary, settlor, beneficiary or member of such
beneficial owner, if such beneficial owner is an estate, trust or
partnership) and the United States (as defined below) (other than
the mere receipt of a payment on, or the ownership or holding of, a
Security), including because such beneficial owner (or such
fiduciary, settlor, beneficiary or member) at any time, for U.S.
federal income tax purposes: (a) is or was a citizen or
resident, or is or was treated as a resident, of the United States,
(b) is or was present in the United States, (c) is or was
engaged in a trade or business in the United States, (d) has
or had a permanent establishment in the United States, (e) is
or was a domestic or foreign personal holding company, a passive
foreign investment company or a controlled foreign corporation,
(f) is or was a corporation that accumulates earnings to avoid
U.S. federal income tax or (g) is or was a “10-percent
shareholder” of the Company as defined in section 871(h)(3)
of the U.S. Internal Revenue Code or any successor
provision;
(ii) any tax,
assessment or governmental charge imposed solely because of a
change in applicable law or regulation, or in any official
interpretation or application of applicable law or regulation, that
becomes effective more than 15 days after the day on which the
payment becomes due or is made available, whichever occurs
later;
(iii) any estate,
inheritance, gift, sales, excise, transfer, wealth or personal
property tax or any similar tax, assessment or other governmental
charge;
(Reverse of Security continued on
next page)
-7-
(iv) any tax,
assessment or other governmental charge imposed solely because such
beneficial owner or any other Person fails to comply with any
certification, identification or other reporting requirement
concerning the nationality, residence, identity or connection with
the United States of the Holder or any beneficial owner of this
Security, if compliance is required by statute, by regulation of
the U.S. Treasury Department or by an applicable income tax treaty
to which the United States is a party, as a precondition to
exemption from such tax, assessment or other governmental
charge;
(v) any tax,
assessment or other governmental charge that is payable otherwise
than by deduction or withholding from payments of principal of or
interest on this Security;
(vi) any tax,
assessment or other governmental charge imposed solely because the
payment is to be made by a particular Paying Agent (which term may
include the Company) and would not be imposed if made by another
Paying Agent (which term may include the Company);
(vii) by or on
behalf of a Holder who would be able to avoid such withholding or
deduction by presenting this Security to another Paying Agent in a
Member State of the European Union;
(viii) any tax,
assessment or other governmental charge imposed solely because the
Holder (1) is a bank purchasing this Security in the ordinary
course of its lending business or (2) is a bank that is
neither (A) buying this Security for investment purposes only
nor (B) buying this Security for resale to a third party that
either is not a bank or holding the note for investment purposes
only; or
(ix) any
combination of the taxes, assessments or other governmental charges
described in items (i) through (viii) of this
Section 3.
Additional amounts
also will not be paid with respect to any payment of principal of
or interest on this Security to any United States Alien who is a
fiduciary or a partnership, or who is not the sole beneficial owner
of any such payment, to the extent that the Company would not be
required to pay additional amounts to any beneficiary or settlor of
such fiduciary or any member of such a partnership, or to any
beneficial owner of the payment, if that Person had been treated as
the beneficial owner of this Security for this purpose.
The term
“United States Alien” means any Person who, for U.S.
federal income tax purposes, is a nonresident alien individual, a
foreign corporation, a foreign partnership one or more of the
members of which is, for United States federal income tax purposes,
a foreign corporation, a nonresident alien individual or a
nonresident alien fiduciary of a foreign estate or trust, or a
nonresident alien fiduciary of an estate or trust that is not
subject to U.S. federal income tax on a net income basis on income
or gain from this Security. For the purposes of this Section 3
and Section 4 only, (a) the term “United
States” means the United States of America (including the
states thereof and the District of Columbia), together with the
territories, possessions and all other areas subject to the
jurisdiction of the United States of America and (b) the term
“U.S. Taxing Authority” means the United States of
America or any state, other jurisdiction or taxing authority in the
United States.
Except as
specifically provided in this Security, the Company shall not be
required to make any payment with respect to any tax, assessment or
other governmental charge imposed by any government or any
political subdivision or taxing authority thereof or
therein.
Whenever in the
Securities of this series (or in the 2008 Indenture, including in
Sections 5.01(1) and 501(2) thereof, insofar as applicable to
this series) there is a reference, in any context, to the payment
of the principal of or interest on any Security of this series,
such mention shall be deemed to include mention of any payment of
additional amounts to United States Aliens in respect of such
payment of principal or interest to the extent that, in such
context, such additional amounts are, were or would be
(Reverse of Security continued on
next page)
-8-
payable in
respect thereof pursuant to this Section 3 or any
corresponding section of another Security of this series, as the
case may be. Express mention of the payment of additional amounts
in any provision of any Security of this series shall not be
construed as excluding additional amounts in the provisions of any
Security of this series (or of the 2008 Indenture insofar as it
applies to this series) where such express mention is not made.
]
The Securities of
this series may be redeemed, as a whole but not in part, at the
option of the Company, at a redemption price equal to 100% of the
principal amount of the Securities to be redeemed, together with
interest accrued to the date fixed for redemption, if, as a result
of any amendment to, or change in, the laws or regulations of any
U.S. Taxing Authority (as defined in Section 3 above), or any
amendment to or change in any official interpretation or
application of such laws or regulations, which amendment or change
becomes effective or is announced on or after
, the
Company will become obligated to pay, on the next Interest Payment
Date, additional amounts in respect of any Security of this series
pursuant to Section 3 of this Security or any corresponding
section of another Security of this series. If the Company becomes
entitled to redeem the Securities of this series, it may do so on
any day thereafter pursuant to the 2008 Indenture; provided
, however , that (1) the Company gives the Holder of
this Security notice of such redemption not more than 60 days
nor less than 30 days prior to the date fixed for redemption
as provided in the 2008 Indenture, (2) no such notice of
redemption may be given earlier than 90 days prior to the next
Interest Payment Date on which the Company would be obligated to
pay such additional amounts and (3) at the time such notice is
given, such obligation to pay such additional amounts remains in
effect. Immediately prior to the giving of any notice of redemption
of Securities pursuant to this Section 4, the Company will
deliver to the Trustee an Officers’ Certificate stating that
the Company is entitled to effect such redemption and setting forth
in reasonable detail a statement of facts showing that the
conditions precedent to the right of the Company to so redeem the
Securities have occurred. Interest installments due on or prior to
a Redemption Date will be payable to the Holder of this Security or
one or more Predecessor Securities, of record at the close of
business on the relevant record date, all as provided in the 2008
Indenture.
The 2008 Indenture
contains provisions for defeasance at any time of the entire
indebtedness of this Security or certain restrictive covenants and
Events of Default with respect to this Security, in each case upon
compliance with certain conditions set forth in the 2008
Indenture.
6.
Modification and Waiver.
The 2008 Indenture
permits, with certain exceptions as therein provided, the amendment
thereof and the modification of the rights and obligations of the
Company, and the rights of the Holders of the Securities to be
affected, under the 2008 Indenture at any time by the Company and
the Trustee with the consent of the Holders of a majority in
principal amount of all Securities at the time Outstanding to be
affected, considered together as one class for this purpose (such
affected Securities may be Securities of the same or different
series and, with respect to any series, may comprise fewer than all
the Securities of such series). The 2008 Indenture also contains
provisions (i) permitting the Holders of a majority in
principal amount of the Securities at the time Outstanding to be
affected, considered together as one class for this purpose (such
affected Securities may be Securities of the same or different
series and, with respect to any particular series, may comprise
fewer than all the Securities of such series), on behalf of the
Holders of all such affected Securities, to waive compliance by the
Company with certain provisions of the 2008 Indenture and
(ii) permitting the Holders of a majority in principal amount
of the Securities at the time Outstanding of any series to be
affected (with each such series considered separately for this
purpose), on behalf of the Holders of all Securities of such
series, to waive certain past defaults under the 2008 Indenture and
their consequences. Any such consent or waiver by the Holder of
this Security shall be conclusive and binding upon such Holder and
upon all future Holders of this Security and of any Security issued
upon the
(Reverse of Security continued on
next page)
-9-
registration of
transfer hereof or in exchange herefor or in lieu hereof, whether
or not notation of such consent or waiver is made upon this
Security.
Sections 5.01
and 5.02 of the 2008 Indenture are hereby amended with respect to
the Securities of this series to the extent necessary to comply
with Section 5.01 and Annex A of the Master Agreement, dated
November 25, 2008, as the same may be amended from time to
time (the “Master Agreement”), by and between the
Company and the FDIC, attached hereto as Exhibit A. Subject to
the immediately preceding sentence and Section 14 of the
reverse of this Security, if an Event of Default with respect to
Securities of this series shall occur and be continuing, the
principal of the Securities of this series may be declared due and
payable in the manner and with the effect provided in the 2008
Indenture.
As provided in and
subject to the provisions of the 2008 Indenture and subject to
Section 14 of the reverse of this Security, the Holder of this
Security shall not have the right to institute any proceeding with
respect to the 2008 Indenture, or for the appointment of a receiver
or trustee, or for any other remedy thereunder, unless such Holder
shall have previously given the Trustee written notice of a
continuing Event of Default with respect to the Securities of this
series, the Holders of not less than 25% in principal amount of the
Securities of this series at the time Outstanding shall have made
written request to the Trustee to institute proceedings in respect
of such Event of Default as Trustee and offered the Trustee
indemnity reasonably satisfactory to it, and the Trustee shall not
have received from the Holders of a majority in
|