<PAGE>
EXHIBIT 4.1
================================================================================
AFFILIATED COMPUTER SERVICES, INC.
as Issuer
and
THE BANK OF NEW YORK TRUST COMPANY, N.A.
as Trustee
-------------------------
Indenture
Dated as of June 6, 2005
Debt Securities
================================================================================
<PAGE>
AFFILIATED COMPUTER SERVICES, INC.
RECONCILIATION AND TIE BETWEEN TRUST INDENTURE ACT OF 1939
AND INDENTURE, DATED AS OF JUNE 6, 2005
------------------------------
<TABLE>
<CAPTION>
Section of
Trust Indenture
Section(s) of
Act of 1939
Indenture
---------------
-------------
<S>
<C>
Section 310 (a)(1)
.................................... 7.10
(a)(2) .................................... 7.10
(a)(3) .................................... Not
Applicable
(a)(4)
.................................... Not
Applicable
(a)(5) .................................... 7.10
(b) ....................................... 7.08,
7.10
Section 311 (a)
....................................... 7.11
(b) ....................................... 7.11
(c) ....................................... Not
Applicable
Section 312 (a)
....................................... 2.07
(b)
....................................... 10.03
(c) ....................................... 10.03
Section 313 (a)
....................................... 7.06
(b) ....................................... 7.06
(c) ....................................... 7.06
(d) ....................................... 7.06
Section 314 (a)
....................................... 4.03,
4.04
(b) ....................................... Not
Applicable
(c)(1) .................................... 10.04
(c)(2) .................................... 10.04
(c)(3) .................................... Not
Applicable
(d) ....................................... Not
Applicable
(e) ....................................... 10.05
Section 315 (a)
.......................................
7.01(b)
(b) ....................................... 7.05
(c) .......................................
7.01(a)
(d) .......................................
7.01(c)
(d)(1) ....................................
7.01(c)(1)
(d)(2) ....................................
7.01(c)(2)
(d)(3) ....................................
7.01(c)(3)
(e) ....................................... 6.11
Section 316 (a)(1)(A)
................................. 6.05
(a)(1)(B) ................................. 6.04
(a)(2) .................................... Not
Applicable
(a)(last sentence) ........................ 2.11
(b) ....................................... 6.07
Section 317 (a)(1)
.................................... 6.08
(a)(2) .................................... 6.09
(b) ....................................... 2.06
Section 318 (a)
....................................... 10.01
</TABLE>
------------
Note: This reconciliation and tie shall
not, for any purpose, be deemed to be a
part of the Indenture.
<PAGE>
TABLE OF CONTENTS
<TABLE>
<CAPTION>
Page
----
<S>
<C>
ARTICLE I
DEFINITIONS AND INCORPORATION BY REFERENCE
SECTION 1.01
Definitions.....................................................................
1
SECTION 1.02
Other
Definitions...............................................................
5
SECTION 1.03
Incorporation by Reference of Trust Indenture
Act............................... 6
SECTION 1.04
Rules of
Construction...........................................................
6
ARTICLE II
THE SECURITIES
SECTION 2.01
Amount Unlimited; Issuable in
Series............................................ 7
SECTION 2.02
Denominations...................................................................
10
SECTION 2.03
Forms
Generally.................................................................
10
SECTION 2.04
Execution, Authentication, Delivery and
Dating.................................. 10
SECTION 2.05
Registrar and Paying
Agent......................................................
12
SECTION 2.06
Paying Agent to Hold Money in
Trust............................................. 13
SECTION 2.07
Holder
Lists....................................................................
13
SECTION 2.08
Transfer and
Exchange...........................................................
13
SECTION 2.09
Replacement
Securities..........................................................
14
SECTION 2.10
Outstanding
Securities..........................................................
14
SECTION 2.11
Original Issue Discount, Foreign-Currency Denominated and Treasury
Securities...
15
SECTION 2.12
Temporary
Securities............................................................
15
SECTION 2.13
Cancellation....................................................................
15
SECTION 2.14
Payments; Defaulted
Interest....................................................
16
SECTION 2.15
Persons Deemed
Owners...........................................................
16
SECTION 2.16
Computation of
Interest.........................................................
16
SECTION 2.17
Global Securities; Book-Entry
Provisions........................................ 16
ARTICLE III
REDEMPTION
SECTION 3.01
Applicability of
Article........................................................
19
SECTION 3.02
Notice to the
Trustee...........................................................
19
SECTION 3.03
Selection of Securities To Be
Redeemed.......................................... 19
SECTION 3.04
Notice of
Redemption............................................................
19
SECTION 3.05
Effect of Notice of
Redemption..................................................
20
SECTION 3.06
Deposit of Redemption
Price.....................................................
21
SECTION 3.07
Securities Redeemed or Purchased in
Part........................................ 21
SECTION 3.08
Purchase of
Securities..........................................................
21
SECTION 3.09
Mandatory and Optional Sinking
Funds............................................ 21
SECTION 3.10
Satisfaction of Sinking Fund Payments with
Securities........................... 22
</TABLE>
i
<PAGE>
<TABLE>
<S>
<C>
SECTION 3.11 Redemption
of Securities for Sinking Fund........................ 22
ARTICLE IV
COVENANTS
SECTION 4.01 Payment of
Securities............................................ 23
SECTION 4.02
Maintenance of Office or Agency..................................
23
SECTION 4.03 SEC
Reports; Financial Statements................................
24
SECTION 4.04 Compliance
Certificate........................................... 24
SECTION 4.05
Existence........................................................
24
SECTION 4.06 Waiver of
Stay, Extension or Usury Laws..........................
25
SECTION 4.07 Additional
Amounts............................................... 25
ARTICLE V
SUCCESSORS
SECTION 5.01
Limitations on Mergers, Consolidations and Other Transactions....
26
SECTION 5.02 Successor
Person Substituted.....................................
26
ARTICLE VI
DEFAULTS AND REMEDIES
SECTION 6.01 Events of
Default................................................
27
SECTION 6.02
Acceleration.....................................................
29
SECTION 6.03 Other
Remedies...................................................
29
SECTION 6.04 Waiver of
Defaults...............................................
29
SECTION 6.05 Control by
Majority.............................................. 30
SECTION 6.06
Limitations on Suits.............................................
30
SECTION 6.07 Rights of
Holders to Receive Payment.............................
31
SECTION 6.08 Collection
Suit by Trustee....................................... 31
SECTION 6.09 Trustee
May File Proofs of Claim.................................
31
SECTION 6.10
Priorities.......................................................
32
SECTION 6.11
Undertaking for Costs............................................
32
ARTICLE VII
TRUSTEE
SECTION 7.01 Duties of
Trustee................................................
33
SECTION 7.02 Rights of
Trustee................................................
34
SECTION 7.03 May Hold
Securities..............................................
34
SECTION 7.04 Trustee's
Disclaimer.............................................
35
SECTION 7.05 Notice of
Defaults...............................................
35
SECTION 7.06 Reports by
Trustee to Holders.................................... 35
SECTION 7.07
Compensation and Indemnity.......................................
35
SECTION 7.08
Replacement of Trustee...........................................
36
SECTION 7.09 Successor
Trustee by Merger, etc.................................
38
</TABLE>
ii
<PAGE>
<TABLE>
<S>
<C>
SECTION 7.10
Eligibility; Disqualification......................... 38
SECTION 7.11
Preferential Collection of Claims Against Company..... 39
ARTICLE VIII
DISCHARGE OF INDENTURE
SECTION 8.01
Termination of Company's Obligations.................. 39
SECTION 8.02
Application of Trust Money............................ 43
SECTION 8.03 Repayment
to Company.................................. 43
SECTION 8.04
Reinstatement......................................... 43
ARTICLE IX
SUPPLEMENTAL INDENTURES AND AMENDMENTS
SECTION 9.01 Without
Consent of Holders............................ 44
SECTION 9.02 With
Consent of Holders............................... 45
SECTION 9.03 Compliance
with Trust Indenture Act................... 47
SECTION 9.04 Revocation
and Effect of Consents..................... 47
SECTION 9.05 Notation
on or Exchange of Securities................. 47
SECTION 9.06 Trustee to
Sign Amendments, etc....................... 48
ARTICLE X
MISCELLANEOUS
SECTION 10.01 Trust Indenture
Act Controls.......................... 48
SECTION 10.02
Notices............................................... 48
SECTION 10.03 Communication by
Holders with Other Holders........... 49
SECTION 10.04 Certificate and
Opinion as to Conditions Precedent.... 49
SECTION 10.05 Statements
Required in Certificate or Opinion......... 50
SECTION 10.06 Rules by Trustee
and Agents........................... 50
SECTION 10.07 Legal
Holidays........................................ 50
SECTION 10.08 No Recourse
Against Others............................ 50
SECTION 10.09 Governing
Law......................................... 50
SECTION 10.10 No Adverse
Interpretation of Other Agreements......... 51
SECTION 10.11
Successors............................................ 51
SECTION 10.12
Severability.......................................... 51
SECTION 10.13 Counterpart
Originals................................. 51
SECTION 10.14 Table of
Contents, Headings, etc...................... 51
</TABLE>
iii
<PAGE>
INDENTURE dated as of June 6, 2005 between Affiliated Computer
Services, Inc., a Delaware corporation (the
"Company"), and The Bank of New York
Trust Company, N.A., as trustee (the
"Trustee").
Each party agrees as follows for the benefit of the other party
and
for the equal and ratable benefit of the
Holders of the Company's unsecured
debentures, notes or other evidences of
indebtedness (the "Securities") to be
issued from time to time in one or more
series as provided in this Indenture:
ARTICLE I
DEFINITIONS AND INCORPORATION BY REFERENCE
SECTION 1.01 Definitions.
"Additional Amounts" means any additional amounts required by
the
express terms of a Security or by or
pursuant to a Board Resolution, under
circumstances specified therein or pursuant
thereto, to be paid by the Company
with respect to certain taxes, assessments
or other governmental charges imposed
on certain Holders and that are owing to
those Holders.
"Affiliate" of any specified Person means any other Person
directly
or indirectly controlling or controlled by,
or under direct or indirect common
control with, that specified Person. For
purposes of this definition, "control"
of a Person shall mean the power to direct
the management and policies of that
Person, directly or indirectly, whether
through the ownership of voting
securities, by contract or otherwise, and
the terms "controlling" and
"controlled" shall have meanings
correlative to the foregoing.
"Agent" means any Registrar or Paying Agent.
"Bankruptcy Law" means Title 11 of the United States Code or
any
similar federal, state or foreign law for
the relief of debtors.
"Board of Directors" means the Board of Directors of the Company
or
any committee thereof duly authorized, with
respect to any particular matter, to
act by or on behalf of the Board of
Directors of the Company.
"Board Resolution" means a copy of a resolution certified by
the
Secretary or an Assistant Secretary of the
Company to have been duly adopted by
the Board of Directors and to be in full
force and effect on the date of that
certification, and delivered to the
Trustee.
"Business Day" means any day that is not a Legal Holiday.
"Capital Stock" means, with respect to any corporation, any and
all
shares, interests, rights to purchase
(other than convertible or exchangeable
Debt), warrants, options, participations or
other equivalents of or interests
(however designated) in stock issued by
that corporation.
1
<PAGE>
"Company" means the Person named as the "Company" in the first
paragraph of this instrument until a
successor corporation shall have become
such pursuant to the applicable provisions
of this Indenture, and thereafter
"Company" shall mean that successor
corporation; provided, however, that for
purposes of any provision contained herein
which is required by the TIA,
"Company" shall also mean each other
obligor (if any) on the Securities of a
series.
"Company Order" and "Company Request" mean, respectively, a
written
order or request signed in the name of the
Company by two Officers of the
Company, and delivered to the Trustee.
"Corporate Trust Office" of the Trustee means the office of the
Trustee located at 600 North Pearl Street,
Suite 420, Dallas, Texas 75201, and
as may be located at such other address as
the Trustee may give notice to the
Company.
"Debt" of any Person means, without duplication, (i) all
indebtedness of that Person for borrowed
money (whether or not the recourse of
the lender is to the whole of the assets of
that Person or only to a portion
thereof), (ii) all obligations of that
Person evidenced by bonds, debentures,
notes or other similar instruments, (iii)
all obligations of that Person in
respect of letters of credit or other
similar instruments (or reimbursement
obligations with respect thereto), other
than standby letters of credit, bid or
performance bonds and other similar
obligations issued by or for the account of
that Person in the ordinary course of
business, to the extent not drawn or, to
the extent drawn, if that drawing is
reimbursed not later than 30 Business Days
following demand for reimbursement, (iv)
all obligations of that Person to pay
the deferred and unpaid purchase price of
property or services, except trade
payables, advances on contracts and accrued
expenses arising in the ordinary
course of business, (v) all capitalized
lease obligations of that Person, (vi)
all Debt of others secured by a lien (as
defined in the indenture supplement
relating to a series of Securities) on any
asset of that Person, whether or not
that Debt is assumed by that Person
(provided that if the obligations so secured
have not been assumed in full by that
Person or are not otherwise that Person's
legal liability in full, then those
obligations shall be deemed to be in an
amount equal to the greater of (a) the
lesser of (1) the full amount of those
obligations and (2) the fair market value
of those assets, as determined in good
faith by the board of directors or other
managing body of that Person and (b)
the amount of obligations as have been
assumed by that Person or which are
otherwise that Person's legal liability),
and (vii) all guarantees by that
Person of or with respect to Debt of others
(other than endorsements in the
ordinary course of business), in each case
to the extent of the Debt guaranteed.
"Default" means any event, act or condition that is, or after
notice
or the passage of time or both would be, an
Event of Default.
"Depositary" means, with respect to the Securities of any
series
issuable or issued in whole or in part in
global form, the Person specified
pursuant to Section 2.01 hereof as the
initial Depositary with respect to the
Securities of that series, until a
successor shall have been appointed and
become such pursuant to the applicable
provision of this Indenture, and
thereafter "Depositary" shall mean or
include that successor.
2
<PAGE>
"Dollar" or "$" means a dollar or other equivalent unit in such
coin
or currency of the United States as at the
time shall be legal tender for the
payment of public and private debt.
"Exchange Act" means the Securities Exchange Act of 1934, as
amended, and any successor statute.
"GAAP" means generally accepted accounting principles in the
United
States as in effect from time to time set
forth in the opinions and
pronouncements of the Accounting Principles
Board and the American Institute of
Certified Public Accountants and the
statements and pronouncements of the
Financial Accounting Standards Board or in
such other statements by such other
entity as may be approved by a significant
segment of the accounting profession
of the United States, which are applicable
to the circumstances as of the date
of determination.
"Global Security" of any series means a Security of that Series
that
is issued in global form in the name of the
Depositary with respect thereto or
its nominee.
"Government Obligations" means, with respect to a series of
Securities, direct obligations of the
government that issues the currency in
which the Securities of the series are
payable for the payment of which the full
faith and credit of that government is
pledged, or obligations of a Person
controlled or supervised by and acting as
an agency or instrumentality of that
government, the payment of which is
unconditionally guaranteed as a full faith
and credit obligation by that
government.
"Holder" means a Person in whose name a Security is registered.
"Indenture" means this Indenture as amended or supplemented
from
time to time pursuant to the provisions
hereof, and includes the terms of a
particular series of Securities established
as contemplated by Section 2.01.
"interest" means, with respect to an Original Issue Discount
Security that by its terms bears interest
only after Maturity, interest payable
after Maturity.
"Interest Payment Date," when used with respect to any
Security,
shall have the meaning assigned to that
term in the Security as contemplated by
Section 2.01.
"Issue Date" means, with respect to Securities of a series, the
date
on which the Securities of that series are
originally issued under this
Indenture.
"Legal Holiday" means a Saturday, a Sunday or a day on which
banking
institutions in any of The City of New
York, New York, Dallas, Texas or a Place
of Payment are authorized or obligated by
law, regulation or executive order to
remain closed.
"Maturity" means, with respect to any Security, the date on
which
the principal of that Security or an
installment of principal becomes due and
payable as therein or herein provided,
whether at the Stated Maturity thereof,
or by declaration of acceleration, call for
redemption or otherwise.
3
<PAGE>
"Officer" means the Chairman of the Board, the President, any
Vice
Chairman of the Board, any Vice President,
the Chief Financial Officer, the
Treasurer, any Assistant Treasurer, the
Controller, the Secretary or any
Assistant Secretary of a Person.
"Officers' Certificate" means a certificate signed by two
Officers
of a Person.
"Opinion of Counsel" means a written opinion from legal counsel
who
is reasonably acceptable to the Trustee.
That counsel may be an employee of or
counsel to the Company or the Trustee.
"Original Issue Discount Security" means any Security that
provides
for an amount less than the principal
amount thereof to be due and payable on a
declaration of acceleration of the Maturity
thereof pursuant to Section 6.02.
"Person" means any individual, corporation, partnership,
limited
liability company, joint venture,
incorporated or unincorporated association,
joint stock company, trust, unincorporated
organization or government or other
agency or political subdivision thereof or
other entity of any kind.
"Place of Payment" means, with respect to the Securities of any
series, the place or places where, subject
to the provisions of Section 4.02,
the principal of, premium (if any) on and
interest on the Securities of that
series are payable as specified in
accordance with Section 2.01.
"principal" of a Security means the principal of the Security
plus,
when appropriate, the premium, if any, on
the Security.
"Redemption Date" means, with respect to any Security to be
redeemed, the date fixed for that
redemption by or pursuant to this Indenture.
"Redemption Price" means, with respect to any Security to be
redeemed, the price at which it is to be
redeemed pursuant to this Indenture.
"Rule 144A Securities" means Securities of a series designated
pursuant to Section 2.01 as entitled to the
benefits of Section 4.03(b).
"SEC" means the Securities and Exchange Commission.
"Securities" has the meaning stated in the preamble of this
Indenture and more particularly means any
Securities authenticated and delivered
under this Indenture.
"Security Custodian" means, with respect to Securities of a
series
issued in global form, the Trustee for
Securities of that series, as custodian
with respect to the Securities of that
series, or any successor entity thereto.
4
<PAGE>
"Stated Maturity" means, when used with respect to any Security
or
any installment of principal thereof or
interest thereon, the date specified in
that Security as the fixed date on which
the principal of that Security or that
installment of principal or interest is due
and payable.
"Subsidiary" means any corporation or other entity of which at
least
a majority of the outstanding stock or
other beneficial interests having by the
terms thereof ordinary voting power to
elect a majority of the full board of
directors or other governing body of such
corporation or other entity
(irrespective of whether or not at the time
stock or other beneficial interests
of any other class or classes of such
corporation shall have or might have
voting power by reason of the happening of
any contingency) is at the time owned
by the Company, or by one or more
Subsidiaries, or by the Company and one or
more Subsidiaries.
"TIA" means the Trust Indenture Act of 1939, as amended (15
U.S.C.
Section 77aaa-77bbbb), as in effect on the
date hereof.
"Trust Officer" means any officer or assistant officer of the
Trustee assigned by the Trustee to
administer its corporate trust matters.
"Trustee" means the Person named as such above until a
successor
replaces it in accordance with the
applicable provisions of this Indenture, and
thereafter "Trustee" means 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 means the
Trustee with respect to Securities of
that series.
"United States" means the United States of America (including
the
States and the District of Columbia) and
its territories and possessions
(including Puerto Rico, the U.S. Virgin
Islands, Guam, American Samoa, Wake
Island and the Northern Mariana
Islands).
"United States Alien" means any Person who, for United States
federal income tax purposes, is a foreign
corporation, a nonresident alien
individual, a nonresident alien or foreign
fiduciary of an estate or trust, or a
foreign partnership.
"U.S. Government Obligations" means Government Obligations with
respect to Securities payable in
Dollars.
SECTION 1.02 Other Definitions.
<TABLE>
<CAPTION>
DEFINED
TERM
IN SECTION
--------------------------------
----------
<S>
<C>
"Bankruptcy Custodian"..........
6.01
"Conversion Event"..............
6.01
"covenant defeasance"...........
8.01
"Event of Default"..............
6.01
"Exchange Rate".................
2.11
"Judgment Currency".............
6.10
</TABLE>
5
<PAGE>
<TABLE>
<S>
<C>
"legal defeasance"...................
8.01
"mandatory sinking fund payment".....
3.09
"optional sinking fund payment"......
3.09
"Paying Agent".......................
2.05
"Registrar"..........................
2.05
"Required Currency"..................
6.10
"Successor"..........................
5.01
</TABLE>
SECTION 1.03 Incorporation by Reference of
Trust Indenture Act.
Whenever this Indenture refers to a provision of the TIA, the
provision is incorporated by reference in
and made a part of this Indenture. The
following TIA terms used in this Indenture
have the following meanings:
"Commission" means the SEC.
"indenture securities" means the Securities.
"indenture security holder" means a Holder.
"indenture to be qualified" means this Indenture.
"indenture trustee" or "institutional trustee" means the
Trustee.
"obligor" on the indenture securities means the Company or any
other
obligor on the Securities.
All terms used in this Indenture that are defined by the TIA,
defined by a TIA reference to another
statute or defined by an SEC rule under
the TIA have the meanings so assigned to
them.
SECTION 1.04 Rules of Construction.
Unless the context otherwise requires:
(1)
a term has the meaning assigned to it;
(2) an accounting term not otherwise defined has the meaning
assigned
to it in accordance with GAAP;
(3) "or" is not exclusive;
(4) words in the singular include the plural, and in the plural
include
the singular;
(5) provisions apply to successive events and transactions; and
6
<PAGE>
(6) all references in this instrument to Articles and Sections
are
references
to the corresponding Articles and Sections in and of this
instrument.
ARTICLE II
THE SECURITIES
SECTION 2.01 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
established in or pursuant to a Board
Resolution, and set forth, or determined
in a manner provided, in an Officers'
Certificate or in a Company Order, or
established in one or more indentures
supplemental hereto, prior to the issuance
of Securities of any series:
(1) the title of the Securities of the series (which shall
distinguish the Securities of the series from the Securities of all
other
series);
(2) if there is to be a limit, the limit on 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
on registration of transfer of, or in exchange for, or in lieu
of, other
Securities of the series pursuant to Section 2.08, 2.09, 2.12,
2.17, 3.07
or 9.05 and except for any Securities that, pursuant to Section
2.04 or
2.17, are deemed never to have been authenticated and delivered
hereunder); provided, however, that unless otherwise provided in
the terms
of the
series, the authorized aggregate principal amount of that
series
may be
increased before or after the issuance of any Securities of the
series by
a Board Resolution (or action pursuant to a Board Resolution)
to
that
effect;
(3) whether any Securities of the series are to be issuable
initially
in temporary global form and whether any Securities of the
series are
to be issuable in permanent global form, as Global Securities
or
otherwise, and, if so, whether beneficial owners of interests in
any
such
Global Security may exchange those interests for Securities of
that
series and
of like tenor of any authorized form and denomination and the
circumstances under which those exchanges may occur, if other than
in the
manner
provided in Section 2.17, and the initial Depositary and
Security
Custodian,
if any, for any Global Security or Securities of that series;
(4) (i) if other than provided herein, the Person to whom any
interest on Securities of the
series shall be payable, and (ii) the manner
in which
any interest payable on a temporary Global Security on any
Interest
Payment Date will be paid if other than in the manner provided
in
Section
2.14;
7
<PAGE>
(5) the date or dates on which the principal of (and premium,
if
any, on)
the Securities of the series is payable or the method of
determination thereof;
(6) the rate or rates, or the method of determination thereof,
at
which the
Securities of the series shall bear interest, if any, whether
and under
what circumstances Additional Amounts with respect to those
Securities
shall be payable, the date or dates from which that interest
shall
accrue, the Interest Payment Dates on which that interest shall
be
payable
and the record date for the interest payable on any Securities
on
any
Interest Payment Date;
(7) the place or places where, subject to the provisions of
Section
4.02, the
principal of, premium (if any) and interest on and any
Additional
Amounts with respect to the Securities of the series shall be
payable;
(8) the period or periods within which, the price or prices
(whether
denominated in cash, securities or otherwise) at which and the
terms and
conditions
on 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,
and the manner in which the Company may exercise any such
option,
if
different from those set forth herein;
(9) the obligation, if any, of the Company to redeem, purchase
or
repay
Securities of the series pursuant to any sinking fund or
analogous
provisions
or at the option of a Holder thereof and the period or periods
within
which, the price or prices (whether denominated in cash,
securities
or
otherwise) at which and the terms and conditions on which
Securities of
the series
shall be redeemed, purchased or repaid in whole or in part
pursuant
to that obligation;
(10) if other than denominations of $1,000 and any integral
multiple
thereof,
the denomination in which any Securities of that series shall
be
issuable;
(11) if other than Dollars, the currency or currencies
(including
composite
currencies) or the form, including equity securities, other
debt
securities
(including Securities), warrants or any other securities or
property
of the Company or any other Person, in which payment of the
principal
of, premium (if any) and interest on and any Additional Amounts
with
respect to the Securities of the series shall be payable;
(12) if the principal of, premium (if any) or interest on or
any
Additional
Amounts with respect to the Securities of the series are to be
payable,
at the election of the Company or a Holder thereof, in a
currency
or
currencies (including composite currencies) other than that in
which
the
Securities are stated to be payable, the currency or currencies
(including
composite currencies) in which payment of the principal,
premium
(if any), interest and any Additional Amounts with respect to
Securities
of that series as to which that election is made shall be
payable,
and the periods within which and the terms and conditions on
which that
election is to be made;
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(13) if the amount of payments of principal, premium (if any),
interest
and any Additional Amounts with respect to the Securities of
the
series may
be determined with reference to any commodities, currencies or
indices,
values, rates or prices or any other index or formula, the
manner
in which
those amounts shall be determined;
(14) if other than the entire principal amount thereof, the
portion
of the
principal amount of Securities of the series that shall be
payable
on
declaration of acceleration of the Maturity thereof pursuant to
Section
6.02;
(15) any additional means of satisfaction and discharge of this
Indenture
and any additional conditions or limitations to discharge with
respect to
Securities of the series pursuant to Article VIII or any
modifications of or deletions from those conditions or
limitations;
(16) any deletions or modifications of or additions to the Events
of
Default
set forth in Section 6.01 or covenants of the Company set forth
in
Article IV
pertaining to the Securities of the series;
(17) any restrictions or other provisions with respect to the
transfer
or exchange of Securities of the series, which may amend,
supplement, modify or supersede those contained in this Article
II;
(18) if the Securities of the series are to be convertible into
or
exchangeable for Capital Stock, other debt securities
(including
Securities), warrants, other equity securities or any other
securities or
property
of the Company or any other Person, at the option of the
Company
or the
Holder or on the occurrence of any condition or event, the
terms
and
conditions for that conversion or exchange;
(19) if the Securities of the series are to be entitled to the
benefit of
Section 4.03(b) (and accordingly constitute Rule 144A
Securities); and
(20) any other terms of the series (which terms shall not be
prohibited
by the provisions of this Indenture).
All Securities of any one series shall be substantially
identical
except as to denomination and except as may
otherwise be provided in or pursuant
to the Board Resolution referred to above
and (subject to Section 2.03) set
forth, or determined in the manner
provided, in the Officers' Certificate or
Company Order referred to above or in any
such indenture supplemental hereto.
If any of the terms of the series are established by action
taken
pursuant to a Board Resolution, a copy of
an appropriate record of that action
together with that Board Resolution shall
be set forth in an Officers'
Certificate or certified by the Secretary
or an Assistant Secretary of the
Company and delivered to the Trustee at or
prior to the delivery of the
Officers' Certificate or Company Order
setting forth the terms of the series.
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SECTION 2.02 Denominations.
The Securities of each
series shall be issuable in such
denominations as shall be specified as
contemplated by Section 2.01. In the
absence of any such provisions with respect
to the Securities of any series, the
Securities of that series denominated in
Dollars shall be issuable in
denominations of $1,000 and any integral
multiples thereof.
SECTION 2.03 Forms Generally.
The Securities of each series shall be in fully registered form
and
in substantially the form or forms
(including temporary or permanent global
form) established by or pursuant to a Board
Resolution or in one or more
indentures supplemental hereto. The
Securities may have notations, legends or
endorsements required by law, securities
exchange rule, the Company's
certificate of incorporation, bylaws or
other similar governing documents,
agreements to which the Company is subject,
if any, or usage (provided that any
such notation, legend or endorsement is in
a form acceptable to the Company). A
copy of the Board Resolution establishing
the form or forms of Securities of any
series shall be delivered to the Trustee at
or prior to the delivery of the
Company Order contemplated by Section 2.04
for the authentication and delivery
of those Securities.
The definitive Securities of each series shall be printed,
lithographed or engraved on steel engraved
borders or may be produced in any
other manner, all as determined by the
Officers executing those Securities, as
evidenced by their execution thereof.
The Trustee's certificate of authentication shall be in
substantially the following form:
"This is one of the Securities of the series designated therein
referred to in the within-mentioned
Indenture.
The Bank of New York Trust Company, N.A., as Trustee
By:__________________________________________
Authorized Officer".
SECTION 2.04. Execution, Authentication,
Delivery and Dating.
Two Officers of the Company shall sign the Securities of each
series
on behalf of the Company by manual or
facsimile signature. The Company's seal,
if any, shall be impressed, affixed,
imprinted or reproduced on the Securities
and may be in facsimile form.
If an Officer of the Company whose signature is on a Security
no
longer holds that office at the time the
Security is authenticated, the Security
shall be valid nevertheless.
A Security shall not be entitled to any benefit under this
Indenture
or be valid or obligatory for any purpose
until authenticated by the manual
signature of an authorized signatory
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of the Trustee, which signature shall be
conclusive evidence that the Security
has been authenticated under this
Indenture. Notwithstanding the foregoing, if
any Security has been authenticated and
delivered hereunder but never issued and
sold by the Company, and the Company
delivers that Security to the Trustee for
cancellation as provided in Section 2.13
together with a written statement
(which need not comply with Section 10.05
and need not be accompanied by an
Opinion of Counsel) stating that such
Security has never been issued and sold by
the Company, for all purposes of this
Indenture that Security shall be deemed
never to have been authenticated and
delivered hereunder and shall never be
entitled to the benefits of this
Indenture.
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, and the Trustee shall
authenticate and deliver those Securities
for original issue on a Company Order
for the authentication and delivery of
those Securities or pursuant to such
procedures reasonably acceptable to the
Trustee as may be specified from time to
time by Company Order. That order shall
specify the amount of the Securities to
be authenticated, the date on which the
original issue of Securities is to be
authenticated, the name or names of the
initial Holder or Holders and any other
terms of the Securities of that series not
otherwise determined. If provided for
in those procedures, that Company Order may
authorize (1) authentication and
delivery of Securities of that series for
original issue from time to time, with
certain terms (including, without
limitation, the Maturity date or dates,
original issue date or dates and interest
rate or rates) that differ from
Security to Security and (2) may authorize
authentication and delivery pursuant
to oral or electronic instructions from the
Company or its duly authorized
agent, which instructions shall be promptly
confirmed in writing.
If the form or terms of the Securities of the series have been
established in or pursuant to one or more
Board Resolutions as permitted by
Section 2.01, in authenticating those
Securities, and accepting the additional
responsibilities under this Indenture in
relation to those Securities, the
Trustee shall be entitled to receive (in
addition to the Company Order referred
to above and the other documents required
by Section 10.04), and (subject to
Section 7.01) shall be fully protected in
relying on,
(a) an Officers' Certificate setting forth the Board Resolution
and,
if applicable, an appropriate record of any
action taken pursuant thereto, as
contemplated by the last paragraph of
Section 2.01; and
(b) an Opinion of Counsel to the effect that:
(i) if the form
of those Securities has been established by
or pursuant to Board Resolution, as is permitted by
Section 2.01, that such form has been established in
conformity with the provisions of this Indenture;
(ii) if the terms of
those Securities have been established
by or pursuant to Board Resolution, as is permitted by
Section 2.01, that
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<PAGE>
such terms have been established in conformity with the
provisions of this Indenture; and
(iii) those Securities, when authenticated and delivered by
the Trustee and issued by the Company in the manner and
subject to any conditions specified in that Opinion of
Counsel, will constitute valid and binding obligations
of the Company, enforceable against the Company in
accordance with their terms, except as the
enforceability thereof may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium,
fraudulent conveyance
or other similar laws in effect
from time to time affecting the rights of creditors
generally, and the application of general principles of
equity (regardless of whether that enforceability is
considered in a proceeding in equity or at law).
If all the Securities of any series are not to be issued at one
time, it shall not be necessary to deliver
an Officers' Certificate and Opinion
of Counsel at the time of issuance of each
such Security, but that Officers'
Certificate and Opinion of Counsel shall be
delivered at or before the time of
issuance of the first Security of the
series to be issued.
The Trustee shall not be required to authenticate those
Securities
if the issuance of those Securities
pursuant to this Indenture would affect the
Trustee's own rights, duties or immunities
under the Securities and this
Indenture or otherwise in a manner not
reasonably acceptable to the Trustee.
The Trustee may appoint an authenticating agent acceptable to
the
Company to authenticate Securities. Unless
limited by the terms of that
appointment, an authenticating agent may
authenticate Securities whenever the
Trustee may do so. Each reference in this
Indenture to authentication by the
Trustee includes authentication by that
agent. An authenticating agent has the
same rights as an Agent to deal with the
Company or an Affiliate of the Company.
Each Security shall be dated the date of its authentication.
SECTION 2.05 Registrar and Paying
Agent.
The Company shall maintain an office or agency for each series
of
Securities where Securities of that series
may be presented for registration of
transfer or exchange ("Registrar") and an
office or agency where Securities of
that series may be presented for payment
("Paying Agent"). The Registrar shall
keep a register of the Securities of that
series and of their transfer and
exchange. The Company may appoint one or
more co-registrars and one or more
additional paying agents. The term
"Registrar" includes any co-registrar, and
the term "Paying Agent" includes any
additional paying agent.
The Company shall enter into an appropriate agency agreement
with
any Registrar or Paying Agent not a party
to this Indenture. The agreement shall
implement the provisions of this Indenture
that relate to that Agent. The
Company shall notify the Trustee of
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<PAGE>
the name and address of any Agent not a
party to this Indenture. The Company may
change any Paying Agent or Registrar
without notice to any Holder. If the
Company fails to appoint or maintain
another entity as Registrar or Paying
Agent, the Trustee shall act as such. The
Company or any of its Subsidiaries may
act as Paying Agent or Registrar.
The Company initially appoints the Trustee as Registrar and
Paying
Agent.
SECTION 2.06 Paying Agent to Hold Money in
Trust.
With respect to each series of Securities, the Company shall
require
each Paying Agent other than the Trustee to
agree in writing that the Paying
Agent will hold in trust for the benefit of
Holders of Securities of that series
or the Trustee all money held by the Paying
Agent for the payment of principal
of, premium, if any, or interest on or any
Additional Amounts with respect to
Securities of that series and will notify
the Trustee of any default by the
Company in making any such payment. While
any such default continues, the
Trustee may require a Paying Agent to pay
all money held by it to the Trustee
and to account for any funds disbursed. The
Company at any time may require a
Paying Agent to pay all money held by it to
the Trustee and to account for any
funds disbursed. Upon payment over to the
Trustee and upon accounting for any
funds disbursed, the Paying Agent (if other
than the Company or a Subsidiary of
the Company) shall have no further
liability for the money. If the Company or a
Subsidiary of the Company acts as Paying
Agent with respect to a series of
Securities, it shall segregate and hold in
a separate trust fund for the benefit
of the Holders of Securities of that series
all money held by it as Paying
Agent. Each Paying Agent shall otherwise
comply with TIA Section 317(b).
SECTION 2.07 Holder Lists.
The Trustee shall preserve in as current a form as is
reasonably
practicable the most recent list available
to it of the names and addresses of
Holders of each series of Securities and
shall otherwise comply with TIA Section
312(a). If the Trustee is not the Registrar
with respect to a series of
Securities, the Company shall furnish to
the Trustee at least five Business Days
before each Interest Payment Date with
respect to that series of Securities, and
at such other times as the Trustee may
request in writing, a list in such form
and as of such date as the Trustee may
reasonably require of the names and
addresses of Holders of the Securities of
that series, and the Company shall
otherwise comply with TIA Section
312(a).
SECTION 2.08 Transfer and Exchange.
Except as set forth in Section 2.17 or as may be provided
pursuant
to Section 2.01, when Securities of any
series are presented to the Registrar
with the request to register the transfer
of those Securities or to exchange
those Securities for an equal principal
amount of Securities of the same series
of like tenor and of other authorized
denominations, the Registrar shall
register the transfer or make the exchange
as requested if its requirements and
the requirements of this Indenture for
those transactions are met; provided,
however, that the Securities presented or
surrendered for registration of
transfer or exchange shall be duly endorsed
or accompanied by a written
instruction of transfer in form reasonably
satisfactory to
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<PAGE>
the Registrar duly executed by the Holder
thereof or by his attorney, duly
authorized in writing, on which instruction
the Registrar can rely.
To permit registrations of transfers and exchanges, the Company
shall execute and the Trustee shall
authenticate Securities at the Registrar's
written request and submission of the
Securities (other than Global Securities).
No service charge shall be made to a Holder
for any registration of transfer or
exchange (except as otherwise expressly
permitted herein), but the Company may
require payment of a sum sufficient to
cover any transfer tax or similar
governmental charge payable in connection
therewith (other than such transfer
tax or similar governmental charge payable
on exchanges pursuant to Section
2.12, 3.07 or 9.05). The Trustee shall
authenticate Securities in accordance
with the provisions of Section 2.04.
Notwithstanding any other provisions of
this Indenture to the contrary, the Company
shall not be required to register
the transfer or exchange of (a) any
Security selected for redemption in whole or
in part pursuant to Article III, except the
unredeemed portion of any Security
being redeemed in part or (b) any Security
during the period beginning 15
Business Days before the mailing of notice
of any offer to repurchase Securities
of the series required pursuant to the
terms thereof or of redemption of
Securities of a series to be redeemed and
ending at the close of business on the
date of mailing.
SECTION 2.09 Replacement Securities.
If any mutilated Security is surrendered to the Trustee, or if
the
Holder of a Security claims that the
Security has been destroyed, lost or stolen
and the Company and the Trustee receive
evidence to their satisfaction of the
destruction, loss or theft of that
Security, the Company shall issue and the
Trustee shall authenticate a replacement
Security of the same series if the
Trustee's requirements are met. If any such
mutilated, destroyed, lost or stolen
Security has become or is about to become
due and payable, the Company in its
discretion may, instead of issuing a new
Security, pay that Security. If
required by the Trustee or the Company, the
Holder must furnish an indemnity
bond that is sufficient in the judgment of
the Trustee and the Company to
protect the Company, the Trustee, any Agent
or any authenticating agent from any
loss that any of them may suffer if a
Security is replaced. The Company and the
Trustee may charge the Holder for their
expenses in replacing a Security.
Every replacement Security is an additional obligation of the
Company.
SECTION 2.10 Outstanding Securities.
The Securities outstanding at any time are all the Securities
authenticated by the Trustee except for
those canceled by it, those delivered to
it for cancellation, those reductions in
the interest in a Global Security
effected by the Trustee hereunder and those
described in this Section 2.10 as
not outstanding.
If a Security is replaced pursuant to Section 2.09, it ceases to
be
outstanding unless the Trustee receives
proof satisfactory to it that the
replaced Security is held by a bona fide
purchaser.
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<PAGE>
If the principal amount of any Security is considered paid
under
Section 4.01, it ceases to be outstanding
and interest on it ceases to accrue.
A Security does not cease to be outstanding because the Company
or
an Affiliate of the Company holds the
Security.
SECTION 2.11 Original Issue Discount,
Foreign-Currency Denominated and Treasury
Securities.
In determining whether the Holders of the required principal
amount
of Securities have concurred in any
direction, amendment, supplement, waiver or
consent, (a) the principal amount of an
Original Issue Discount Security shall
be the principal amount thereof that would
be due and payable as of the date of
that determination upon acceleration of the
Maturity thereof pursuant to Section
6.02, (b) the principal amount of a
Security denominated in a foreign currency
shall be the Dollar equivalent, as
determined by the Company by reference to the
noon buying rate in The City of New York
for cable transfers for that currency,
as that rate is certified for customs
purposes by the Federal Reserve Bank of
New York (the "Exchange Rate") on the date
of original issuance of that
Security, of the principal amount (or, in
the case of an Original Issue Discount
Security, the Dollar equivalent, as
determined by the Company by reference to
the Exchange Rate on the date of original
issuance of that Security, of the
amount determined as provided in (a)
above), of that Security and (c) Securities
owned by the Company or any other obligor
on the Securities or any Affiliate of
the Company or of that other obligor shall
be disregarded, except that, for the
purpose of determining whether the Trustee
shall be protected in relying on any
such direction, amendment, supplement,
waiver or consent, only Securities that
the Trustee actually knows are so owned
shall be so disregarded.
SECTION 2.12 Temporary Securities.
Until definitive Securities of any series are ready for
delivery,
the Company may prepare and the Trustee
shall authenticate temporary Securities.
Temporary Securities shall be substantially
in the form of definitive
Securities, but may have variations that
the Company considers appropriate for
temporary Securities. Without unreasonable
delay, the Company shall prepare and
the Trustee shall authenticate definitive
Securities in exchange for temporary
Securities. Until so exchanged, the
temporary Securities shall in all respects
be entitled to the same benefits under this
Indenture as definitive Securities.
SECTION 2.13 Cancellation.
The Company at any time may deliver Securities to the Trustee
for
cancellation. The Registrar and the Paying
Agent shall forward to the Trustee
any Securities surrendered to them for
registration of transfer, exchange,
payment or redemption or for credit against
any sinking fund payment. The
Trustee shall cancel all Securities
surrendered for registration of transfer,
exchange, payment, redemption, replacement
or cancellation or for credit against
any sinking fund. Unless the Company shall
direct in writing that canceled
Securities be returned to it, after written
notice to the Company all canceled
Securities held by the Trustee shall be
disposed of in accordance with the usual
disposal procedures of the Trustee, and the
Trustee
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<PAGE>
shall maintain a record of their disposal.
The Company may not issue new
Securities to replace Securities that have
been paid or that have been delivered
to the Trustee for cancellation.
SECTION 2.14 Payments; Defaulted
Interest.
Unless otherwise provided as contemplated by Section 2.01 with
respect to the Securities of any series,
interest (except defaulted interest) on
any Security that is payable, and is
punctually paid or duly provided for, on
any Interest Payment Date shall be paid to
the Persons who are registered
Holders of that Security at the close of
business on the record date next
preceding that Interest Payment Date, even
if those Securities are canceled
after that record date and on or before
that Interest Payment Date. Unless
otherwise provided with respect to the
Securities of any series, the Company
will pay the principal of, premium (if any)
and interest on and any Additional
Amounts with respect to the Securities in
Dollars. Those amounts shall be
payable at the offices of the Trustee,
provided that at the option of the
Company, the Company may pay those amounts
(1) by wire transfer with respect to
Global Securities or (2) by check payable
in that money mailed to a Holder's
registered address with respect to any
Securities.
If the Company defaults in a payment of interest on the
Securities
of any series, it shall pay the defaulted
interest in any lawful manner plus, to
the extent lawful, interest on the
defaulted interest, in each case at the rate
provided in the Securities of that series
and in Section 4.01. The Company may
pay the defaulted interest to the Persons
who are Holders on a subsequent
special record date. At least 15 days
before any special record date selected by
the Company, the Company (or the Trustee,
in the name of and at the expense of
the Company upon 20 days' prior written
notice from the Company setting forth
that record date and the interest amount to
be paid) shall mail to Holders of
any such series of Securities a notice that
states the special record date, the
related payment date and the amount of that
interest to be paid.
SECTION 2.15 Persons Deemed Owners.
The Company, the Trustee, any Agent and any authenticating agent
may
treat the Person in whose name any Security
is registered as the owner of that
Security for the purpose of receiving
payments of principal of, premium (if any)
or interest on, or any Additional Amounts
with respect to that Security and for
all other purposes. None of the Company,
the Trustee, any Agent or any
authenticating agent shall be affected by
any notice to the contrary.
SECTION 2.16 Computation of Interest.
Except as otherwise specified as contemplated by Section 2.01
for
Securities of any series, interest on the
Securities of each series shall be
computed on the basis of a year comprising
twelve 30-day months.
SECTION 2.17 Global Securities; Book-Entry
Provisions.
If Securities of a series are issuable in global form as a
Global
Security, as contemplated by Section 2.01,
then, notwithstanding clause (10) of
Section 2.01 and the provisions of Section
2.02, any such Global Security shall
represent those of the outstanding
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<PAGE>
Securities of that series as shall be
specified therein and may provide that it
shall represent the aggregate amount of
outstanding Securities from time to time
endorsed thereon and that the aggregate
amount of outstanding Securities
represented thereby may from time to time
be reduced or increased, as
appropriate, to reflect exchanges or
redemptions. Any endorsement of a Global
Security to reflect the amount, or any
increase or decrease in the amount, of
outstanding Securities represented thereby
shall be made by the Trustee (i) in
such manner and upon instructions given by
such Person or Persons as shall be
specified in that Security or in a Company
Order to be delivered to the Trustee
pursuant to Section 2.04 or (ii) otherwise
in accordance with written
instructions or such other written form of
instructions as is customary for the
Depositary for that Security, from that
Depositary or its nominee on behalf of
any Person having a beneficial interest in
that Global Security. Subject to the
provisions of Section 2.04 and, if
applicable, Section 2.12, the Trustee shall
deliver and redeliver any Security in
permanent global form in the manner and
upon instructions given by the Person or
Persons specified in that Security or
in the applicable Company Order. With
respect to the Securities of any series
that are represented by a Global Security,
the Company authorizes the execution
and delivery by the Trustee of a letter of
representations or other similar
agreement or instrument in the form
customarily provided for by the Depositary
appointed with respect to that Global
Security. Any Global Security may be
deposited with the Depositary or its
nominee, or may remain in the custody of
the Trustee or the Security Custodian
therefor pursuant to a FAST Balance
Certificate Agreement or similar agreement
between the Trustee and the
Depositary. If a Company Order has been, or
simultaneously is, delivered, any
instructions by the Company with respect to
endorsement or delivery or
redelivery of a Security in global form
shall be in writing but need not comply
with Section 10.05 and need not be
accompanied by an Opinion of Counsel.
Members of, or participants in, the Depositary ("Agent
Members")
shall have no rights under this Indenture
with respect to any Global Security
held on their behalf by the Depositary, or
the Trustee or the Security Custodian
as its custodian, or under that Global
Security, and the Depositary may be
treated by the Company, the Trustee or the
Security Custodian and any agent of
the Company, the Trustee or the Security
Custodian as the absolute owner of that
Global Security for all purposes
whatsoever. Notwithstanding the foregoing, (i)
the registered holder of a Global Security
of any series may grant proxies and
otherwise authorize any Person, including
Agent Members and Persons that may
hold interests through Agent Members, to
take any action that a Holder of
Securities of that series is entitled to
take under this Indenture or the
Securities of that series and (ii) nothing
herein shall prevent the Company, the
Trustee or the Security Custodian or any
agent of the Company, the Trustee, or
the Security Custodian from giving effect
to any written certification, proxy or
other authorization furnished by the
Depositary or shall impair, as between the
Depositary and its Agent Members, the
operation of customary practices governing
the exercise of the rights of a beneficial
owner of any Security.
Notwithstanding Section 2.08, and except as otherwise provided
pursuant to Section 2.01, transfers of a
Global Security shall be limited to
transfers of that Global Security in whole,
but not in part, to the Depositary,
its successors or their respective
nominees. Interests of beneficial owners in a
Global Security may be transferred in
accordance with the rules and procedures
of the Depositary. Securities of any series
shall be transferred to all
beneficial owners of a Global Security of
that series in exchange for their
beneficial interests in that Global
17
<PAGE>
Security if, and only if, either (1) the
Depositary notifies the Company that it
is unwilling or unable to continue as
Depositary for that Global Security and a
successor Depositary is not appointed by
the Company within 90 days of that
notice, (2) an Event of Default has
occurred with respect to that series and is
continuing and the Registrar has received a
request from the Depositary to issue
Securities of that series in lieu of all or
a portion of that Global Security
(in which case the Company shall deliver
Securities of that series within 30
days of that request) or (3) the Company
determines not to have the Securities
of that series represented by a Global
Security.
In connection with any transfer of a portion of the beneficial
interests in a Global Security to
beneficial owners pursuant to this Section
2.17, the Registrar shall reflect on its
books and records the date and a
decrease in the principal amount of the
Global Security in an amount equal to
the principal amount of the beneficial
interest in the Global Security to be
transferred, and the Company shall execute,
and the Trustee on receipt of a
Company Order for the authentication and
delivery of Securities shall
authenticate and deliver, one or more
Securities of the same series of like
tenor and amount.
In connection with the transfer of all the beneficial interests in
a
Global Security of any series to beneficial
owners pursuant to this Section
2.17, the Global Security shall be deemed
to be surrendered to the Trustee for
cancellation, and the Company shall
execute, and the Trustee shall authenticate
and deliver, to each beneficial owner
identified by the Depositary in exchange
for its beneficial interest in the Global
Security, an equal aggregate principal
amount of Securities of that series of
authorized denominations.
Neither the Company nor the Trustee will have any responsibility
or
liability for any aspect of the records
relating to, or payments made on account
of, Securities by the Depositary, or for
maintaining, supervising or reviewing
any records of the Depositary relating to
those Securities. Neither the Company
nor the Trustee shall be liable for any
delay by the related Global Security
Holder or the Depositary in identifying the
beneficial owners, and each such
Person may conclusively rely on, and shall
be protected in relying on,
instructions from that Global Security
Holder or the Depositary for all purposes
(including with respect to the registration
and delivery, and the respective
principal amounts, of the Securities to be
issued).
The provisions of the last sentence of the third paragraph of
Section 2.04 shall apply to any Global
Security if that Global Security was
never issued and sold by the Company and
the Company delivers to the Trustee the
Global Security together with written
instructions (which need not comply with
Section 10.05 and need not be accompanied
by an Opinion of Counsel) with regard
to the cancellation or reduction in the
principal amount of Securities
represented thereby, together with the
written statement contemplated by the
last sentence of the third paragraph of
Section 2.04.
Notwithstanding the provisions of Sections 2.