AND THE BANK OF NEW YORK MELLON, as Unit Agent, as Trustee and Paying Agent under the Indenture referred to herein, and as Warrant Agent under the Warrant Agreement referred to herein UNIT AGREEMENT (For Units Without Holders’ Obligations) Dated as of...
Exhibit 4.1
XXXXXX
XXXXXXX
AND
THE BANK
OF NEW YORK MELLON,
as Unit
Agent, as Trustee and Paying
Agent
under the Indenture referred to
herein,
and as Warrant Agent under the
Warrant
Agreement referred to herein
(For Units
Without Holders’ Obligations)
Dated as
of August 29, 2008
TABLE
OF CONTENTS
ARTICLE 1
|
|
Definitions and Other Provisions of General
Application
|
|
Section
1.01. Definitions
|
2
|
ARTICLE 2
|
|
Units
|
|
Section
2.01. Forms
Generally
|
7
|
Section 2.02. Form of
Certificate of Authentication and Countersignature
|
7
|
Section 2.03. Amount
Unlimited;
Issuable in Series
|
8
|
Section 2.04. Denominations
|
9
|
Section 2.05. Rights and
Obligations Evidenced by the Units
|
9
|
Section 2.06. Execution,
Authentication, Delivery and Dating
|
9
|
Section 2.07. Temporary Unit
Certificates
|
10
|
Section 2.08. Registration of
Transfer and Exchange; Global Units
|
10
|
Section 2.09. Mutilated,
Destroyed, Lost and Stolen Unit Certificates
|
13
|
Section 2.10. Persons Deemed
Owners
|
14
|
Section 2.11. Cancellation
|
15
|
Section 2.12. Exchange of
Global Units and Definitive Units
|
15
|
ARTICLE 3
|
|
Separation of Units
|
|
Section
3.01. Separation of
Units
|
16
|
ARTICLE 4
|
|
Other Provisions Relating to Rights of Holders of
Units
|
|
Section
4.01. Holder May
Enforce Rights
|
17
|
ARTICLE 5
|
|
The Agent
|
|
Section
5.01. Certain Duties
and Responsibilities
|
17
|
Section 5.02. Certain Rights of
Agent
|
18
|
Section 5.03. Not Responsible
for Recitals or Issuance of Units
|
19
|
Section 5.04. May Hold
Units
|
19
|
Section 5.05. Compensation and
Reimbursement
|
19
|
Section 5.06. Corporate Agent
Required; Eligibility
|
20
|
Section 5.07. Resignation and
Removal;
Appointment of Successor
|
21
|
Section 5.08. Acceptance of
Appointment by Successor
|
22
|
Section 5.09. Merger,
Conversion, Consolidation or Succession to
Business
|
22
|
i
Section 5.10. Tax
Compliance
|
22
|
ARTICLE 6
|
|
Consolidation, Merger, Sale or
Conveyance
|
|
Section
6.01. Covenant Not to
Merge, Consolidate, Sell or Convey Property Except Under Certain
Conditions
|
23
|
Section 6.02. Rights and Duties
of Successor Company
|
24
|
Section 6.03. Opinion of
Counsel to Agent
|
24
|
ARTICLE 7
|
|
Miscellaneous Provisions
|
|
Section
7.01. Amendments
|
24
|
Section 7.02. Incorporators,
Stockholders, Officers and Directors of the Company Immune from
Liability
|
26
|
Section
7.03. Compliance
Certificates and Opinions
|
27
|
Section 7.04. Form of Documents
Delivered to Agent
|
27
|
Section 7.05. Maintenance of Office or
Agency
|
28
|
Section 7.06. Notices,
Etc.
|
29
|
Section 7.07. Notices to
Holders; Waiver
|
29
|
Section 7.08. Effect of
Headings and Table of Contents
|
29
|
Section 7.09. Successors and
Assigns
|
29
|
Section 7.10. Separability
Clause
|
29
|
Section 7.11. Benefits of
Agreement
|
30
|
Section 7.12. Governing Law;
Waiver of Trial
by Jury
|
30
|
Section 7.13. Counterparts
|
30
|
Section 7.14. Inspection of
Agreement
|
30
|
ii
UNIT
AGREEMENT, dated as of August 29, 2008, by and among XXXXXX XXXXXXX, a Delaware
corporation (the “Company”) and THE BANK OF NEW
YORK MELLON, a New York banking corporation (“The Bank of New York Mellon”),
acting solely as unit agent under this Agreement (in its capacity as unit agent,
the “Agent”, except to
the extent that this Agreement specifically states that the Agent is acting in
another capacity), The Bank of New York Mellon (formerly known as The Bank of
New York, as successor to JPMorgan Chase Bank, N.A. (formerly known as JPMorgan
Chase Bank)), as trustee and paying agent under the Indenture described below
(in its capacity as trustee under the Indenture, the “Trustee” and, in its capacity
as paying agent under the Indenture, the “Paying Agent”), and The Bank
of New York Mellon (formerly known as The Bank of New York, as successor to
JPMorgan Chase Bank, N.A. (formerly known as JPMorgan Chase Bank)), as Warrant
Agent under the Warrant Agreement described below (in its capacity as Warrant
Agent under the Warrant Agreement, the “Warrant Agent”).
WHEREAS,
the Company has entered into a Senior Indenture dated as of November 1, 2004
between the Company and the Trustee (as supplemented, the “Indenture”);
WHEREAS,
the Company has duly authorized the issuance, from time to time, pursuant to the
Indenture of senior debt securities (the “Notes”);
WHEREAS,
the Company has entered into a Warrant Agreement (the “Warrant Agreement”) dated as
of November 1, 2004 between the Company and the Warrant Agent;
WHEREAS,
the Company has duly authorized the issuance, from time to time, pursuant to the
Warrant Agreement of warrants (“Warrants”) to purchase or sell
(i) securities issued by the Company or by an entity affiliated or not
affiliated with the Company, a basket of such securities, an index or indices of
such securities or any other property, (ii) currencies, (iii) commodities or
(iv) any combination thereof, in each case on terms to be determined at the time
of sale;
WHEREAS,
the Company has duly authorized the issuance, from time to time, of purchase
contracts to be governed by the Indenture and that require holders to satisfy
their obligations thereunder upon issuance of such purchase contracts (the
“Pre-Paid Purchase
Contracts”);
WHEREAS,
the Company desires to provide for the issuance, from time to time, pursuant to
this Agreement of units (“Units”) consisting of
Warrants, Pre-Paid Purchase Contracts or Notes, or any combination
thereof;
NOW,
THEREFORE, in consideration of the premises and the purchases of the Units by
the holders thereof, the Company, the Agent, the Warrant Agent and the Trustee
and Paying Agent mutually covenant and agree as follows:
ARTICLE
1
Definitions
and Other Provisions of General Application
Section
1.01. Definitions. For
all purposes of this Agreement, except as otherwise expressly provided or unless
the context otherwise requires: (i) the terms defined in this Article have the
meanings assigned to them in this Article and include the plural as well as the
singular; (ii) all accounting terms not otherwise defined herein have the
meanings assigned to them in accordance with generally accepted accounting
principles in the United States in effect at the time of any computation; and
(iii) the words “herein”, “hereof” and “hereunder” and other words of
similar import refer to this Agreement as a whole and not to any particular
Article, Section or other subdivision.
“Affiliate” of any specified
Person means any other Person directly or indirectly controlling or controlled
by or under direct or indirect common control with such specified Person. For
the purposes of this definition, “control”, with respect to any
specified Person, means the power to direct the management and policies of such
Person, directly or indirectly, whether through the ownership of voting
securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings
correlative to the foregoing.
“Agent” means the Person named
as the “Agent” in the
first paragraph of this Agreement until a successor Agent shall have become such
pursuant to the applicable provisions of this Agreement, and thereafter “Agent” shall mean such
successor Person.
“Agreement” means this
instrument as originally executed or as it may from time to time be supplemented
or amended by one or more agreements supplemental hereto entered into pursuant
to the applicable provisions hereof.
“Board of Directors” means the
board of directors of the Company or any other committee duly authorized to act
on its behalf with respect to this Agreement.
“Board Resolution” means one or
more resolutions, certified by the Secretary or an Assistant Secretary of the
Company to have been duly adopted or consented to by the Board of Directors and
to be in full force and effect on the date of such certification and delivered
to the Agent.
“Business Day” means any day,
other than a Saturday or Sunday, that is neither a legal holiday nor a day on
which banking institutions are authorized or required by law or regulation to
close in The City of New York.
“Calculation Agent” means
Xxxxxx Xxxxxxx & Co. Incorporated, or any successor, unless otherwise
specified in accordance with Section 2.03.
“Clearing System” means DTC,
Clearstream Banking Société Anonyme, Luxembourg, and its successors and assigns,
Euroclear Bank, S.A./N.V., as
2
operator
of the Euroclear System, and its successors and assigns and any other Clearing
System specified in the relevant administrative procedures.
“Corporate Trust Office” means
the office of the Agent at which at any particular time its corporate trust
business shall be principally administered, which office at the date hereof is
located at 000 Xxxxxxx Xxxxxx 0X, Xxx Xxxx, Xxx Xxxx 00000.
“Company” means the Person
named as the “Company”
in the first paragraph of this Agreement until a successor Person shall have
become such pursuant to the applicable provisions of this Agreement, and
thereafter the “Company”
shall mean such successor Person.
“Debt Security Register” with
respect to any Notes or Pre-Paid Purchase Contracts constituting a part of the
Units of any series means the security register of the Company maintained by the
Trustee pursuant to the Indenture.
“Definitive Securities” means
any Security in definitive form.
“Definitive Unit” means any
Unit comprised of Definitive Securities.
“Depositary” means DTC, or any
successor as the Holder of any Global Units.
“DTC” means The Depository
Trust Company or its nominee.
“Exchange Act” means the
Securities Exchange Act of 1934, as amended.
“Final Separation Date” means
the last date on which a Unit may be separated into its component
parts.
“Global Note” means a global
Note in bearer or registered form originally issued as part of a Global Unit of
any series.
“Global Pre-Paid Purchase
Contract” means a global Pre-Paid Purchase Contract issued under the
Indenture in bearer or registered form originally issued as part of a Global
Unit of any series.
“Global Securities” means the
Global Warrant, the Global Note, and/or the Global Pre-Paid Purchase Contract,
as applicable, constituting the Units of any series.
“Global Unit” means any Unit
that comprises one or more Global Securities and is represented by a Global Unit
Certificate.
“Global Unit Certificate” means
a global Unit Certificate in bearer or registered form.
3
“Global Warrant” means a global
Warrant in bearer or registered form originally issued as part of a Global Unit
of any series.
“Holder” means (i) in the case
of any Registered Security or Registered Unit, the Person in whose name such
Registered Security or the Registered Securities constituting a part of such
Registered Unit are registered on the Security Register or Unit Register, as
applicable, and (ii) in the case of any Unregistered Security or Unregistered
Unit, the bearer of such Security or Unit.
“Indenture” has the meaning
specified in the first recital in this Agreement.
“Initial Separation Eligibility
Date” means the date on which a Unit may first be separated into its
component parts.
“Issuer Order” means a written
order or request signed in the name of the Company by the Chairman of the Board,
Chief Executive Officer, the President or a Co-President, the Chief Financial
Officer, any Executive Vice-President, the Chief Administrative Officer, the
Chief Legal Officer, the Treasurer, any Assistant Treasurer or any other person
authorized by the Board of Directors and delivered to the Agent.
“Note” has the meaning stated
in the second recital in this Agreement.
“Officer’s Certificate” means a
certificate signed by the Chairman of the Board, Chief Executive Officer, the
President or a Co-President, the Chief Financial Officer, any Executive
Vice-President, the Chief Administrative Officer, the Chief Legal Officer, the
Treasurer, any Assistant Treasurer of the Company or any other person authorized
by the Board of Directors and delivered to the Agent.
“Opinion of Counsel” means an
opinion in writing signed by legal counsel, who may be an employee of or counsel
to the Company and who shall otherwise be satisfactory to the
Agent.
“Optional Definitive Unit
Request” has the meaning set forth in Section 2.12.
“Outstanding”, with respect to
any Unit, Note, Pre-Paid Purchase Contract or Warrant means, as of the date of
determination, all Units, Notes, Pre-Paid Purchase Contracts or Warrants, as the
case may be, evidenced by Units theretofore authenticated, countersigned,
executed and delivered under this Agreement, except:
(A) Units,
Notes, Pre-Paid Purchase Contracts and Warrants theretofore deemed cancelled,
cancelled by the Agent, Warrant Agent or Trustee, as the case may be, or
delivered to the Agent, Warrant Agent or Trustee, as the case may be, for
cancellation, in each case pursuant to the
4
provisions
of this Agreement, the Warrant Agreement or the Indenture; and
(B) Units,
Notes, Pre-Paid Purchase Contracts and Warrants evidenced by Unit Certificates
in exchange for or in lieu of which other Unit Certificates have been
authenticated, countersigned, executed and delivered pursuant to this Agreement,
other than any such Units, Notes, Pre-Paid Purchase Contracts or Warrants, as
the case may be, evidenced by a Unit Certificate in respect of which there shall
have been presented to the Agent proof satisfactory to it that such Unit
Certificate is held by a bona fide purchaser in whose hands the Units, Notes,
Pre-Paid Purchase Contracts and Warrants, as the case may be, evidenced by such
Unit Certificate are valid obligations of the Company;
provided, however, that in determining
whether the Holders of the requisite number of Outstanding Units, Notes,
Pre-Paid Purchase Contracts and Warrants, as the case may be, have given any
request, demand, authorization, direction, notice, consent or waiver hereunder,
Units, Notes, Pre-Paid Purchase Contracts and Warrants owned by the Company or
any Affiliate of the Company shall be disregarded and deemed not to be
Outstanding, except that, in determining whether the Agent shall be protected in
relying upon any such request, demand, authorization, direction, notice, consent
or waiver, only Units, Notes, Pre-Paid Purchase Contracts and Warrants which the
Agent knows to be so owned shall be so disregarded. Units, Notes,
Pre-Paid Purchase Contracts and Warrants that are so owned but that have been
pledged in good faith may be regarded as Outstanding if the pledgee establishes
to the satisfaction of the Agent the pledgee’s right so to act with respect to
such Units, Notes, Pre-Paid Purchase Contracts or Warrants and that the pledgee
is not the Company or any Affiliate of the Company.
“Paying Agent” means any Person
authorized by the Company to pay any sums payable by the Company; provided that such Person
shall be a bank or trust company organized and in good standing under the laws
of the United States, any State thereof or the District of Columbia, having
(together with its parent) capital, surplus and undivided profits aggregating at
least $50,000,000 or any foreign branch or office of such a bank or trust
company, and, subject to the foregoing, may be an Affiliate of the
Company.
“Person” means any individual,
corporation, partnership, limited liability company, joint venture, association,
joint-stock company, trust, unincorporated organization or government or any
agency or political subdivision thereof.
“Pre-Paid Purchase Contracts”
has the meaning stated in the fifth recital in this Agreement and more
particularly means any Pre-Paid Purchase Contracts issued under the Indenture
originally issued as part of a Unit of any series.
5
“Registered Note” means any
Note issued under the Indenture registered on the Debt Security
Register.
“Registered Pre-Paid Purchase
Contracts” means any Pre-Paid Purchase Contracts registered on the Debt
Security Register.
“Registered Security” means any
of a Registered Note, Registered Pre-Paid Purchase Contract or Registered
Warrant.
“Registered Unit” means any
Unit in registered form consisting of Registered Securities registered on the
Unit Register.
“Registered Warrant” means any
Warrant in registered form registered on the Warrant Register.
“Responsible Officer” when used
with respect to the Agent, shall mean an officer of the Agent in the Corporate
Trust Office, having direct responsibility for the administration of this
Agreement, and also, with respect to a particular matter, any other officer to
whom such matter is referred because of such officer’s knowledge of and
familiarity with the particular subject.
“Security” means any of a Note,
Pre-Paid Purchase Contract or Warrant.
“Security Register” means
either a Debt Security Register or a Warrant Register.
“Trading Day” means a day on
which trading is generally conducted on the New York Stock Exchange LLC, the
American Stock Exchange LLC, The NASDAQ Stock Market LLC, the Chicago Mercantile
Exchange and the Chicago Board of Options Exchange and in the over-the-counter
market for equity securities in the United States.
“Trustee”, with respect to
Notes or Pre-Paid Purchase Contracts, means the Person acting as Trustee under
the Indenture until a successor Trustee shall have become such pursuant to the
applicable provisions of such Indenture, and thereafter “Trustee” shall mean such
successor Trustee.
“Unit” has the meaning stated
in the sixth recital to this Agreement.
“Unit Certificate” means a
certificate evidencing the rights and obligations of the Company and a Holder
with respect to the number of Units specified on such certificate.
“Unregistered Security” means
any Security in bearer form.
“Unregistered Unit” means any
Unit in bearer form consisting of Unregistered Securities.
6
“Unit Register” has the meaning
specified in Section 2.08.
“Warrants” has the meaning
stated in the fourth recital of this Agreement, and in this Agreement refers to
any Warrants originally issued as part of a Unit of any series.
“Warrant Agreement” has the
meaning stated in the third recital of this Agreement.
“Warrant Register” with respect
to any Warrants constituting a part of the Units means the warrant register of
the Company maintained by the Warrant Agent pursuant to the Warrant
Agreement.
ARTICLE
2
Units
Section
2.01. Forms
Generally. (a) The Units of each series shall be substantially in
the form of, in the case of Registered Units, Exhibit A, and in the case of
temporary Unregistered Units, permanent Unregistered Units and definitive
Unregistered Units, Exhibit B-1, Exhibit B-2 and Exhibit B-3 respectively, or in
such form (not inconsistent with this Agreement) as shall be established by or
pursuant to one or more Board Resolutions (as set forth in a Board Resolution
or, to the extent established pursuant to rather than set forth in a Board
Resolution, an Officer’s Certificate detailing such
establishment). The Unit Certificates may have imprinted or otherwise
reproduced thereon such letters, numbers or other marks of identification or
designation and such legends or endorsements as the officers of the Company
executing the Securities constituting a part thereof may approve (execution
thereof to be conclusive evidence of such approval) and that are not
inconsistent with the provisions of this Agreement, or as may be required to
comply with any law or with any rule or regulation made pursuant thereto, or
with any rule or regulation of any self-regulatory organization on which the
Units of such series may be listed or quoted or of any securities depository or
to conform to general usage.
(b) The
Unit Certificates shall be printed, lithographed or engraved on steel engraved
borders or may be produced in any other manner, all as determined by the
officers executing such Unit Certificates, as evidenced by their execution of
the Securities constituting a part of the Units evidenced by such Unit
Certificates.
Section
2.02. Form of
Certificate of Authentication and Countersignature. The form
of the Trustee’s certificate of authentication of the Notes and Pre-Paid
Purchase Contracts and the form of the Warrant Agent’s countersignature of the
Warrants, each constituting a part of the Units of any series, shall be
substantially in such form as set forth in the Indenture or the Warrant
Agreement, as applicable.
7
Section
2.03. Amount
Unlimited; Issuable in Series. (a) The aggregate number of
Units that may be authenticated, countersigned and delivered under this
Agreement is unlimited.
The Units
may be issued in one or more series. There shall be established, upon the order
of the Company (contained in an Issuer Order) or pursuant to such procedures
acceptable to the Agent as may be specified from time to time by an Issuer
Order, prior to the initial issuance of Units of any series:
(i)
the designation of the Units of the series, which shall distinguish the Units of
the series from the Units of all other series;
(ii)
any limit upon the aggregate number of Units of the series that may be
authenticated and delivered under this Agreement (disregarding any Units
authenticated and delivered upon registration of transfer of, or in exchange
for, or in lieu of, other Units of the series pursuant to Section 2.07, 2.08,
2.09 or 2.12);
(iii)
the designation of the Securities constituting a part of the Units of the
series;
(iv)
whether, on what terms and in accordance with what procedures any Securities
constituting a part of the Units of the series may be separated from the Units
of the series and the other Securities constituting a part of such Units and, if
separable, the designation of the Initial Separation Eligibility Date and the
Final Separation Date;
(v)
whether the Units of the series will be issuable as Registered Units (and if so,
whether such Units will be issuable in global form) or Unregistered Units (and
if so, whether such Units will be issuable in global form), or any combination
of the foregoing, any restrictions applicable to the offer, sale or delivery of
Unregistered Securities, the procedures for exchanging temporary Unregistered
Units for permanent Unregistered Units and, if applicable, procedures for
exchanging permanent Unregistered Units for definitive Unregistered Units and
vice versa and, if other than as provided in Section 2.08, the terms upon which
Unregistered Units of any series may be exchanged for Registered Units of such
series and vice versa;
(vi)
if the Units of such series are to be issuable in definitive form (whether upon
original issue or upon exchange of a temporary Unit of such series) only upon
receipt of certain certificates or other documents or satisfaction of other
conditions, the form and terms of such certificates, documents or
conditions;
(vii)
any trustees, depositaries, authenticating or paying agents, transfer agents or
registrars, calculation agents, exchange agents or any other agents with respect
to the Units of such series;
8
(viii)
any events of default or covenants with respect to the Units of such series;
and
(ix) any
other terms of the series (which terms shall not be inconsistent with the
provisions of this Agreement).
(b) All
Units of any one series shall be substantially identical, except as may
otherwise be provided by or pursuant to the Issuer Order or procedures referred
to above. All Units of any one series need not be issued at the same time and
may be issued from time to time, consistent with the terms of this Agreement, if
so provided by or pursuant to such Board Resolution or such Issuer
Order.
Notwithstanding
Section 2.03(a)(ii) hereof and unless otherwise expressly provided with respect
to a series of Securities, the aggregate number of Units of a series may be
increased and additional Units of such series may be issued up to a maximum
aggregate number authorized with respect to such series as
increased.
Section
2.04. Denominations. Units of any
series shall be issuable only in denominations of a single Unit and any integral
multiple thereof.
Section
2.05. Rights and
Obligations Evidenced by the Units. Units of any series shall
evidence the ownership by the Holder thereof of (a) the principal amount of
Notes, if any, specified on the face of a Unit Certificate representing
Definitive Units or in Schedule A attached to any Unit Certificate representing
Global Units, (b) the number of Warrants, if any, specified on the face of
a Unit Certificate representing Definitive Units or in Schedule A attached to
any Unit Certificate representing Global Units and (c) the number of
Pre-Paid Purchase Contracts, if any, specified on the face of a Unit Certificate
representing Definitive Units or in Schedule A attached to any Unit Certificate
representing Global Units or, in each case, otherwise determinable from the face
of the Unit Certificate or from Schedule A thereto.
Section
2.06. Execution,
Authentication, Delivery and Dating. Upon the execution and delivery of
this Agreement, and from time to time thereafter, the Company may deliver,
subject to any limitation on the aggregate principal amount of Notes or the
number of Warrants or Pre-Paid Purchase Contracts, if any, represented thereby,
an unlimited number of Unit Certificates (including the Securities executed by
the Company constituting the Units evidenced by such Unit Certificates) to the
Trustee, Warrant Agent and/or the Agent for authentication and countersignature,
as the case may be, of the Securities comprised by such Units, together with its
Issuer Orders for authentication and countersignature of such Securities, and
the Trustee in accordance with the Indenture and the Issuer Order of the Company
shall authenticate the Notes and Pre-Paid Purchase Contracts, if any,
constituting a part of the Units evidenced by such Unit Certificates and the
Warrant Agent in accordance with the Warrant Agreement and the Issuer Order of
the Company shall countersign the Warrants
9
constituting
a part of the Units evidenced by such Unit Certificates and each shall deliver
such Unit Certificates upon the order of the Company.
Any Notes
or Pre-Paid Purchase Contracts constituting a part of the Units of any series
shall be executed on behalf of the Company in accordance with the terms of the
Indenture. Any Warrants constituting a part of the Units of any
series shall be executed on behalf of the Company in accordance with the terms
of the Warrant Agreement.
Section
2.07. Temporary
Unit Certificates. Pending the
preparation of Unit Certificates for any series, the Company may execute and
deliver to the Trustee and/or the Warrant Agent, as appropriate, and the Trustee
and/or the Warrant Agent, as appropriate, shall authenticate, countersign and
deliver, as appropriate, in lieu of such Unit Certificates, temporary Unit
Certificates for such series. Temporary Unit Certificates shall be in
substantially the form of the Unit Certificates of such series, but with such
omissions, insertions and variations as may be appropriate for temporary Unit
Certificates, all as may be determined by the Company with the concurrence of
the Trustee, Warrant Agent and/or Agent, as appropriate, as evidenced by the
execution and authentication and/or countersignature of the Securities
constituting a part of the Units evidenced thereby, as applicable.
If
temporary Unit Certificates for any series are issued, the Company will cause
definitive Unit Certificates for such series to be prepared without unreasonable
delay. After the preparation of such definitive Unit Certificates, the temporary
Unit Certificates shall be exchangeable therefor upon surrender of temporary
Registered Units of such series at the Corporate Trust Office, at the expense of
the Company and without charge to any Holder and, in the case of Unregistered
Units, at any agency maintained for such purpose as specified pursuant to
Section 2.03. Upon surrender for cancellation of any one or more
temporary Unit Certificates, the Company shall execute and deliver to the
Trustee, the Warrant Agent and/or the Agent, and the Trustee and/or the Warrant
Agent shall authenticate or countersign and deliver, as appropriate, in exchange
therefor definitive Unit Certificates of the same series of like tenor, of
authorized denominations and evidencing a like number of Units as the temporary
Unit Certificate or Certificates so surrendered. Until so exchanged, the
temporary Unit Certificates of any series shall in all respects evidence the
same benefits and the same obligations under any Notes or Pre-Paid Purchase
Contracts or Warrants constituting parts of such Units, the Indenture, the
Warrant Agreement and this Agreement as definitive Unit Certificates of such
series, unless otherwise specified pursuant to Section 2.03
Section
2.08. Registration
of Transfer and Exchange; Global Units. The Agent shall keep
at its Corporate Trust Office for each series of Registered Units a register
(the register maintained in such office being herein referred to as the “Unit Register”) in which,
subject to such reasonable regulations as it may prescribe, the Agent shall
provide for the registration of the Units of any series.
10
At the
option of the Holder thereof, Registered Units of any series (other than a
registered Global Unit, except as set forth below) may be transferred or
exchanged for a Registered Unit or Registered Units of such series having
authorized denominations evidencing the number of Units transferred or
exchanged, upon surrender of such Registered Units to be so transferred or
exchanged at the Corporate Trust Office of the Agent upon payment, if the
Company shall so require, of the charges hereinafter provided. If the Units of
any series are issued in both registered and unregistered form, except as
otherwise specified pursuant to Section 2.03, at the option of the Holder
thereof, Unregistered Units of such series may be exchanged for Registered Units
of such series having authorized denominations and evidencing the number of
Units transferred or exchanged, upon surrender of such Unregistered Units to be
so transferred or exchanged at the Corporate Trust Office of the Agent and upon
payment, if the Company shall so require, of the charges hereinafter
provided. At the option of the Holder thereof, if Unregistered Units
of any series are issued in more than one authorized denomination, except as
otherwise specified pursuant to Section 2.03, such Unregistered Units may be
exchanged for Unregistered Units of such series having authorized denominations
evidencing the number of Units exchanged, upon surrender of such Unregistered
Units to be so exchanged at the Corporate Trust Office of the Agent or as
specified pursuant to Section 2.03, and upon payment, if the Company shall so
require, of the charges hereinafter provided. Unless otherwise specified
pursuant to Section 2.03, Registered Units of any series may not be exchanged
for Unregistered Units of such series. Whenever any Units are so surrendered for
transfer or exchange, the Company shall execute, and the Trustee and/or Warrant
Agent, as appropriate, shall authenticate and/or countersign, as the case may
be, and deliver the Units which the Holder making the transfer or exchange is
entitled to receive. All Units (including the Securities constituting
part of such Units) surrendered upon any exchange or transfer provided for in
this Agreement shall be promptly cancelled and disposed of by the Agent and the
Agent will deliver a certificate of disposition thereof to the Company and to
the Trustee and the Warrant Agent, as applicable.
Unregistered
Units shall be transferable by delivery.
Subject to
Section 2.12, if the Company shall establish pursuant to Section 2.03 that the
Units of a series are to be evidenced by one or more Global Units, then the
Company shall execute and the Warrant Agent and Trustee shall, in accordance
with this Section and Section 2.06, countersign and authenticate, as
appropriate, and deliver one or more Global Unit Certificates that (i) shall
evidence all or a portion of the Units of such series issued in such form and
not yet cancelled, (ii) in the case of Registered Units, shall be registered in
the name of the Depositary for such Units or the nominee of such Depositary,
(iii) shall be delivered by the Agent to the Depositary for such Units or
pursuant to such Depositary’s instructions and (iv) in the case of Registered
Units, shall bear a legend substantially to the following effect: “Unless and
until it is exchanged in whole or in part for Units in definitive registered
form, this Unit Certificate may
11
not be
transferred except as a whole by the Depositary to the nominee of the Depositary
or by a nominee of the Depositary to the Depositary or another nominee of the
Depositary or by the Depositary or any such nominee to a successor Depositary or
a nominee of such successor Depositary.” Whenever Global Units of any series are
exchanged for Definitive Units of such series or whenever Definitive Units of
any series are exchanged for Global Units of such series, the Agent shall cause,
as applicable: (i) Schedule A of the Global Note, if any, to be endorsed to
reflect any increase or decrease, as the case may be, in the principal amount of
the Note, if any, that are comprised by Global Units as a result of such
exchange, (ii) Schedule A of the Global Pre-Paid Purchase Contract, if any, be
endorsed to reflect any increase or decrease, as the case may be, in the number
of Pre-Paid Purchase Contracts, if any, that are comprised by the Global Units
as a result of such Exchange and (iii) Schedule A of the Global Warrant, if any,
to be endorsed to reflect any increase or decrease, as the case may be, in the
number of Warrants, if any, that are comprised by the Global Units as a result
of such exchange.
All Unit
Certificates authenticated, countersigned and executed upon any registration of
transfer or exchange of a Unit Certificate shall evidence the ownership of the
principal amount of Note, if any, specified therein or on the face thereof or
otherwise evidenced thereby, the number of Pre-Paid Purchase Contracts, if any,
specified therein or on the face thereof or otherwise evidenced thereby and the
number of Warrants, if any, specified therein or on the face thereof or
otherwise evidenced thereby and shall be entitled to the same benefits, and be
subject to the same obligations, under the Indenture, the Warrant Agreement and
this Agreement as the Units evidenced by the Unit Certificate surrendered upon
such registration of transfer or exchange.
Every Unit
Certificate presented or surrendered for registration of transfer or for
exchange shall (if so required by the Company or the Agent) be duly endorsed, or
be accompanied by a written instrument of transfer in form satisfactory to the
Company and the Agent, duly executed by the Holder thereof or his attorney duly
authorized in writing. Except as otherwise provided herein with respect to the
Units, the Agent shall register the transfer or exchange of any outstanding Unit
Certificate upon the Unit Register at its Corporate Trust Office.
No service
charge shall be made for any transfer or exchange of a Unit, but the Company and
the Agent may require payment from the Holder of a sum sufficient to cover any
tax or other governmental charge that may be imposed in connection with any
registration of transfer or exchange of Units, other than any exchanges pursuant
to Section 2.09 not involving any transfer.
Notwithstanding
the foregoing, and subject to Section 2.08 of the Indenture, the Company shall
not be obligated to execute and deliver to the Trustee, the Warrant Agent or the
Agent, and none of the Trustee, under the terms of the Indenture, or the Warrant
Agent, under the terms of the Warrant Agreement, shall be obligated to
authenticate or countersign any Unit Certificate presented or
12
surrendered
for registration of transfer or for exchange of any Note, Pre-Paid Purchase
Contract or Warrant evidenced thereby or any Unit Certificate evidencing a
Definitive Unit to be issued in exchange for interests in Global Units or to
reflect any increase or decrease in a Global Unit, Global Note, Pre-Paid
Purchase Contract or Global Warrant (i) during the period beginning any time on
or after the opening of business 15 days before the day of mailing of a notice
of redemption or of any other exercise of any right held by the Company with
respect to the Unit (or any Security constituting a part of the Units of such
series) and ending at the close of business on the day of the giving of such
notice, (ii) that evidences or would evidence any such Unit or Security selected
or called for redemption or with respect to which such right has been exercised
or (iii) at any other date specified pursuant to Section 2.03.
Section
2.09. Mutilated,
Destroyed, Lost and Stolen Unit Certificates. If any mutilated
Unit Certificate is surrendered to the Agent, the Company shall execute and
deliver to the Trustee and the Warrant Agent, as appropriate, and the Trustee
and the Warrant Agent shall authenticate, countersign and deliver, as
appropriate, in exchange therefor new Securities comprised by Units of the same
series, of like tenor and evidenced by a new Unit Certificate evidencing the
same number of Units and bearing a number not contemporaneously
outstanding.
If there
shall be delivered to the Company and the Trustee and the Warrant Agent and/or
the Agent, as appropriate, (i) evidence to their satisfaction of the
destruction, loss or theft of any Unit Certificate and (ii) such security or
indemnity as may be required by them to hold each of them and any agent of any
of them harmless, then, in the absence of notice to the Company and the Trustee
and the Warrant Agent as appropriate, that such Unit Certificate has been
acquired by a bona fide purchaser, the Company shall execute and deliver to the
Trustee and the Warrant Agent and/or the Agent, as appropriate, and the Trustee
(in accordance with the provisions of the Indenture) and the Warrant Agent (in
accordance with the provisions of the Warrant Agreement) shall authenticate and
countersign and the Agent shall deliver to the Holder, as appropriate, in lieu
of any such destroyed, lost or stolen Unit Certificate, new Securities comprised
by Units of the same series, of like tenor and evidenced by a new Unit
Certificate evidencing the same number of Units and bearing a number not
contemporaneously outstanding.
Unless
otherwise specified pursuant to Section 2.03, notwithstanding the foregoing, the
Company shall not be obligated to execute and deliver to the Trustee, the
Warrant Agent or the Agent, and none of the Trustee (under the Indenture), the
Warrant Agent (under the Warrant Agreement), or the Agent shall be obligated to
authenticate, countersign or deliver to the Holder, a new Unit Certificate (or
any Security constituting a part of such Unit) under this Section 2.09 (i)
during the period beginning any time on or after the opening of business 15 days
before the day of mailing of a notice of redemption or of any other exercise of
any right held by the Company with respect to the Unit (or any Security
constituting a part of such Unit) and ending at the close of business on the day
of the giving of such notice, (a) that evidences any Unit or
Security
13
selected
or called for redemption or with respect to which such right has been exercised,
or (b) at any other date specified pursuant to Section 2.03. In lieu
of delivery of a new Unit Certificate, upon satisfaction of the applicable
conditions specified in clauses (i) and (ii) of the preceding paragraph, the
Agent shall deliver or cause to be delivered on the applicable redemption date,
exercise date or settlement date for Pre-Paid Purchase Contracts, (i) in respect
of Notes, Warrants or Pre-Paid Purchase Contracts constituting a part of the
Units evidenced by such Unit Certificate that are selected or called for
redemption, the redemption price of such Notes, Warrants or Pre-Paid Purchase
Contracts or (ii) in respect of Warrants constituting a part of the Units
evidenced by such Unit Certificate with respect to which exercise of any such
right has taken place, (x) the amount deliverable with respect to such Warrants
or (y) if a default under the Warrant Agreement or Warrant has occurred by
virtue of the Company’s having failed to deliver the amount deliverable against,
in the case of any such Warrants, tender by the Agent of the exercise price or
other amount, as the case may be, such amount, if any, received by the Agent
from the Holder in respect of exercise of such Warrants.
Upon the
issuance of any new Unit Certificate under this Section, the Company and the
Agent may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and any other
expenses (including the fees and expenses of the Agent) connected
therewith.
Every new
Unit Certificate executed pursuant to this Section in lieu of any destroyed,
lost or stolen Unit Certificate shall constitute an original additional
contractual obligation of the Company, whether or not the destroyed, lost or
stolen Unit Certificate (and the Securities evidenced thereby) shall be at any
time enforceable by anyone, and shall be entitled to all the benefits of this
Agreement equally and proportionately with any and all other Unit Certificates
delivered hereunder.
The
provisions of this Section are exclusive and shall preclude (to the extent
lawful) all other rights and remedies with respect to the replacement or payment
of mutilated, destroyed, lost or stolen Unit Certificates.
Section
2.10. Persons
Deemed Owners.
(a) Prior
to due presentment of a certificate evidencing a Registered Unit of any series
for registration of transfer, the Company, the Trustee, the Warrant Agent and
the Agent, as appropriate, and any agent of the Company, the Trustee, the
Warrant Agent or the Agent, as appropriate, may treat the Person in whose name
any Registered Security evidenced by such Unit Certificate is registered as the
owner of the Units evidenced thereby for all purposes whatsoever, whether or not
payment with respect to any Security constituting a part of the Units evidenced
thereby shall be overdue and notwithstanding any notice to the contrary. None of
the Company, the Trustee, the Warrant Agent, the
14
Agent or
any agent of the Company, the Trustee, the Warrant Agent or the Agent shall be
affected by notice to the contrary.
(b) The
Company, the Trustee, the Warrant Agent and the Agent, as appropriate, and any
agent of the Company, the Trustee, the Warrant Agent or the Agent, as
appropriate, may treat the bearer of a certificate evidencing an Unregistered
Unit as the absolute owner of the Units evidenced thereby for all purposes
whatsoever whether or not payment with respect to any Security constituting a
part of the Units evidenced thereby shall be overdue and notwithstanding any
notice to the contrary. None of the Company, the Trustee, the Warrant Agent, the
Agent or
any agent of the Company, the Trustee, the Warrant Agent or the Agent shall be
affected by notice to the contrary.
Section
2.11. Cancellation. All
Unit Certificates surrendered for payment, and all Unit Certificates surrendered
for redemption of any Notes or Pre-Paid Purchase Contracts or exercise of any
Warrants evidenced thereby shall, if surrendered to any Person other than the
Trustee, the Warrant Agent or the Agent, as appropriate, be delivered to the
Trustee, the Warrant Agent and/or the Agent, as appropriate, and, if not already
cancelled, any Note, Pre-Paid Purchase Contract or Warrant evidenced by such
Units shall be promptly cancelled by the Trustee, the Warrant Agent and/or the
Agent, as appropriate. The Company may at any time deliver to the
Trustee, the Warrant Agent and/or the Agent, as appropriate, for cancellation
any Unit Certificates previously authenticated, countersigned and delivered
hereunder, under the Warrant Agreement and under the Indenture, which the
Company may have acquired in any manner whatsoever, and all Unit Certificates so
delivered shall, upon Issuer Order of the Company, be promptly cancelled by the
Trustee, Warrant Agent and/or the Agent, as appropriate. No Unit Certificates
shall be authenticated and countersigned in lieu of or in exchange for any Unit
Certificates cancelled as provided in this Section, except as permitted by this
Agreement. All cancelled Unit Certificates held by the Agent shall be disposed
of in accordance with its customary procedures and a certificate of their
disposition shall be delivered by the Agent to the Company, unless by Issuer
Order the Company shall direct that cancelled Unit Certificates be returned to
it.
If the
Company or any Affiliate of the Company shall acquire any Unit Certificate, such
acquisition shall not operate as a cancellation of such Unit Certificate unless
and until such Unit Certificate is delivered to the Trustee, the Warrant Agent
and/or the Agent, as appropriate, for the purpose of cancellation.
Section
2.12. Exchange of
Global Units and Definitive Units. In the case of Registered Units, Holders of Global Units
of any series shall receive Definitive Units of such series in exchange for
interests in such Global Units if DTC notifies the Company that it is unwilling
or unable to continue as Depositary with respect to the Global Units of such
series or if at any time it ceases to be a clearing agency under the Exchange
Act, and a successor Depositary registered as a clearing agency under the
Exchange Act is not appointed by the Company within
15
90 days
after receipt of such notice or after it becomes aware that DTC has ceased to be
such a clearing agency.
If so
provided pursuant to Section 2.03, interests in such Global Units may also be
transferred or exchanged for Definitive Units upon the request of the Depositary
to the Trustee, the Warrant Agent and/or the Agent, as appropriate, to
authenticate and countersign as the case may be, Unit Certificates representing
Definitive Units (such request being referred to herein as an “Optional Definitive Unit
Request”).
Definitive
Units exchanged for interests in Global Units pursuant to this Section 2.12
shall be denominated in the amounts and registered in the name of such Person or
Persons as the Depositary shall instruct the Agent, the Warrant Agent and the
Trustee, as appropriate.
Whenever
Global Units are exchanged for Definitive Units the Agent shall cause Schedule A
of the Global Unit to be endorsed to reflect any decrease in the Global Units as
a result of such exchange, whereupon the Global Unit Certificate or Certificates
shall be canceled and disposed of in accordance with Section 2.11.
If so
specified pursuant to Section 2.03, Holders of Definitive Units may transfer or
exchange such Definitive Units for interests in Global Units by depositing the
Unit Certificates evidencing such Definitive Units with the Agent and requesting
the Agent, the Warrant Agent and the Trustee, as appropriate, to effect such
exchange. The Agent shall notify the Depositary of any such exchange
and, upon delivery to the Agent, the Warrant Agent and the Trustee, as
appropriate, of the Unit Certificates evidencing the Definitive Units to be so
transferred or exchanged, the Agent shall cause Schedule A of the Global Unit to
be endorsed to reflect any increase in the Global Units as a result of such
exchange, whereupon the Unit Certificate or Certificates evidencing such
Definitive Units shall be canceled and disposed of in accordance with Section
2.11 and Unit Certificates evidencing the remaining Definitive Units, if any,
will be issued in accordance with Section 2.08.
ARTICLE
3
Separation
of Units
Section
3.01. Separation of
Units. On any Business Day that is also a Trading Day on or
after the Initial Separation Eligibility Date until no later than 10:00 a.m., or
at such other time as may be specified pursuant to Section 2.03, on the Final
Separation Date, the Holder of a Unit may elect to separate a Unit into its
constituent Securities in accordance with the separation and notification
procedures set forth in the Unit Certificate. Upon receipt by the
Agent of such notice and the completion of any required separation procedures,
the Agent shall take the necessary steps to effect such
separation. Whenever Units in global form are separated, the Agent
shall cause Schedule A of the Global Unit to be endorsed
16
and the
Unit Register to be updated to reflect any decrease in the Global Units as a
result of such separation, the Trustee and Paying Agent shall cause Schedule A
of the Global Note and/or the Global Pre-Paid Purchase Contract to be endorsed
to reflect such separation and the Warrant Agent shall cause Schedule A of the
Global Warrant to be endorsed to reflect such separation.
ARTICLE
4
Other
Provisions Relating to Rights of Holders of Units
Section
4.01. Holder May
Enforce Rights. Any Holder of a Unit may, without the consent
of the Agent, the Depositary, any participant of the Depositary or any other
Holder, in and for its own behalf, enforce, and may institute and maintain, any
suit, action or proceeding against the Company suitable to enforce, or otherwise
in respect of, its rights under this Agreement; provided that a Holder of a
Unit may only enforce its rights under the Securities comprised by such Unit in
accordance with the terms of the Indenture and the Warrant Agreement, as
applicable.
ARTICLE
5
The
Agent
Section
5.01. Certain
Duties and Responsibilities. (a) The Agent undertakes to perform
such duties and only such duties as are specifically set forth in this
Agreement.
(b) No
provision of this Agreement shall be construed to relieve the Agent from
liability for its own negligent action, its own negligent failure to act, or its
own willful misconduct, except that
(i) the
duties and obligations of the Agent with respect to the Units shall be
determined solely by the express provisions of this Agreement and the Units and
the Agent shall not be liable except for the performance of such duties and
obligations as are specifically set forth in this Agreement and in the Units,
and no implied covenants or obligations shall be read into this Agreement or the
Units against the Agent; and
(ii) in
the absence of bad faith on its part, the Agent may conclusively rely, as to the
truth of the statements and the correctness of the opinions expressed therein,
upon any statements, certificates or opinions furnished to the Agent and
conforming to the requirements of this Agreement or the Units but in the case of
any such statements, certificates or opinions that by any provision hereof are
specifically required to be furnished to the Agent, the Agent shall be under a
duty to examine the same to determine whether or not they conform to the
requirements of this Agreement or the Units, as applicable.
17
(c) The
Agent shall not be liable for any error of judgment made in good faith by a
Responsible Officer of the Agent, unless it shall be proved that the Agent was
negligent in ascertaining the pertinent facts.
(d) No
provision of this Agreement or the Units shall require the Agent to expend or
risk its own funds or otherwise incur any financial liability in the performance
of any of its duties hereunder, or in the exercise of any of its rights or
powers, if it shall have reasonable grounds for believing that repayment of such
funds or adequate indemnity against such risk or liability is not reasonably
assured to it.
(e) Whether
or not therein expressly so provided, every provision of this Agreement relating
to the conduct or affecting the liability of or affording protection to the
Agent shall be subject to the provisions of this Section.
(f) The
Agent is acting solely as agent for the Company hereunder and owes no fiduciary
duties to any person by virtue of this Agreement.
(g) In
no event shall the Agent be responsible or liable for special, indirect, or
consequential loss or damage of any kind whatsoever (including, but not limited
to, loss of profit) irrespective of whether it has been advised of the
likelihood of such loss or damage and regardless of the form of
action.
(h) In
no event shall the Agent be responsible or liable for any failure or delay in
the performance of its obligations under this Agreement or the Units arising out
of or caused by, directly or indirectly, forces beyond its reasonable control,
including without limitation strikes, work stoppages, accidents, acts of war or
terrorism, civil or military disturbances, nuclear or natural catastrophes or
acts of God, and, provided such events are beyond the reasonable control of the
Agent, interruptions, loss or malfunctions of utilities, communications or
computer (software or hardware) services.
Section
5.02. Certain
Rights of Agent. Subject to the provisions of Section
5.01:
(a) the
Agent may rely and shall be protected in acting or refraining from acting upon
any resolution, certificate, statement, instrument, opinion, report, notice,
request, direction, consent, order, bond, debenture, note, coupon, security or
other paper or document believed by it to be genuine and to have been signed or
presented by the proper party or parties;
(b) any
request, direction, order or demand of the Company mentioned herein shall be
sufficiently evidenced by an Officer’s Certificate or Issuer Order and any
resolution of the Board of Directors of the Company, as the case may be, may be
sufficiently evidenced by a Board Resolution;
(c) the
Agent may consult with counsel and the written advice of such counsel or any
Opinion of Counsel shall be full and complete authorization and
18
protection
with respect to any action taken, suffered or omitted by it hereunder in good
faith and in reliance thereon in accordance with such advice or Opinion of
Counsel;
(d) the
Agent shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report,
notice, request, consent, order, approval, appraisal, bond, debenture, note,
coupon, security or other paper or document, but the Agent, in its discretion,
may make reasonable further inquiry or investigation into such facts or matters
related to the issuance of the Notes or the Warrants, as the case may be, and,
if the Agent shall determine to make such further inquiry or investigation, it
shall be entitled to examine the books, records and premises of the Company, at
reasonable times during normal business hours, personally or by agent or
attorney;
(e) the
Agent may execute any of the powers hereunder or perform any duties hereunder
either directly or by or through agents or attorneys and the Agent shall not be
responsible for any misconduct or negligence on the part of any such agent or
attorney appointed with due care by it hereunder; and
(f) the
Agent shall not be liable for any action taken or omitted by it in good faith
and believed by it to be authorized or within the discretion, rights or powers
conferred upon it by this Agreement.
Section
5.03. Not
Responsible for Recitals or Issuance of Units. The recitals
contained herein, in the Indenture, in the Warrant Agreement and in the Units,
except the Trustee’s and Warrant Agent’s certificates of authentication or
countersignature, shall be taken as the statements of the Company, and none of
the Trustee, Agent or the Warrant Agent assumes any responsibility for their
correctness. The Agent makes no representations as to the validity or
sufficiency of this Agreement or of the Units. None of the Trustee,
Agent or the Warrant Agent shall be accountable for the use or application by
the Company of the proceeds with respect to Units or be responsible for
exercising any remedy hereunder on behalf of the Holders, except as expressly
provided in this Agreement.
Section
5.04. May Hold
Units. The Agent, the Trustee, the Warrant Agent, or any other
agent of the Company, the Trustee, the Warrant Agent, or the Agent, in its
individual or any other capacity, may become the owner or pledgee of Units and
may otherwise deal with the Company and receive, collect, hold and retain
collections from the Company with the same rights it would have if it were not
such other agent, the Trustee, the Warrant Agent or the Agent.
Section
5.05. Compensation
and Reimbursement. The Company agrees:
(a) to
pay to the Agent from time to time reasonable compensation for all services
rendered by it hereunder (which compensation shall not be limited
by
19
any
provision of law with regard to the compensation of a trustee of an express
trust);
(b) except
as otherwise expressly provided herein, to reimburse the Agent and any
predecessor Agent upon its request for all reasonable expenses, disbursements
and advances incurred or made by the Agent in accordance with any provision of
this Agreement (including the reasonable compensation and the expenses and
disbursements of its agents and counsel), except any such expense, disbursement
or advance as may be attributable to its negligence or bad faith;
and
(c) to
indemnify the Agent and any predecessor Agent for, and to hold it harmless
against, any loss, liability or expense incurred without negligence or bad faith
on its part, arising out of or in connection with the acceptance or
administration of this Agreement and its duties hereunder, including the costs
and expenses of defending itself against or investigating any claim of liability
in connection with the exercise or performance of any of its powers or duties
hereunder.
The
obligations of the Company under this Section to compensate and indemnify the
Agent and any predecessor Agent and to pay or reimburse the Agent and any
predecessor Agent for expenses, disbursements and advances shall constitute
additional indebtedness hereunder and shall survive the resignation or removal
of such Agent or predecessor Agent or the termination hereof. Such additional
indebtedness shall be a senior claim to that of the Units upon all property and
funds held or collected by the Agent as such, except funds held in trust for the
benefit of the Holders of particular Units, and the Units are hereby
subordinated to such senior claim.
Section
5.06. Corporate
Agent Required; Eligibility. There shall at all times be an
Agent hereunder which shall be a corporation organized and doing business under
the laws of the United States of America, any State thereof or the District of
Columbia, having, together with its parent, a combined capital and surplus of at
least $50,000,000, subject to supervision or examination by Federal, State or
District of Columbia authority and willing to act on reasonable terms. If such
corporation, or its parent, publishes reports of condition at least annually,
pursuant to law or to the requirements of the aforesaid supervising or examining
authority, then for the purposes of this Section, the combined capital and
surplus of such corporation shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so
published. The Agent hereunder shall at all times be the Trustee
under the Indenture and the Warrant Agent under the Warrant Agreement, subject
to receipt of an Opinion of Counsel that the same Person is precluded by law
from acting in such capacities. If at any time the Agent shall cease
to be eligible in accordance with the provisions of this Section, it shall
resign immediately in the manner and with the effect hereinafter specified in
this Article. The Agent may appoint one or more sub-agents with
offices or agencies in a city or cities outside the United States.
20
Section
5.07. Resignation
and Removal; Appointment of Successor. (a) No resignation or
removal of the Agent and no appointment of a successor Agent pursuant to this
Article shall become effective until the acceptance of appointment by the
successor Agent in accordance with the applicable requirements of Section
5.08.
(b) The
Agent may resign by giving written notice thereof to the Company and the
Holders, in accordance with Section 7.06 and Section 7.07, 60 days prior to the
effective date of such resignation. The Agent may be removed at any time upon 60
days’ notice by the filing with it of an instrument in writing signed on behalf
of the Company and specifying such removal and the date when it is intended to
become effective. If the instrument of acceptance by a successor Agent required
by Section 5.08 shall not have been delivered to the Agent within 30 days after
the giving of such notice of resignation, the resigning Agent may petition any
court of competent jurisdiction for the appointment of a successor
Agent.
(c) If
at any time (i) the Agent shall cease to be eligible under Section 5.06, or
shall cease to be eligible as Trustee under the Indenture or as Warrant Agent
under the Warrant Agreement, and shall fail to resign after written request
therefor by the Company or by any Holder, or (ii) the Agent shall become
incapable of acting with respect to the Units or shall be adjudged a bankrupt or
insolvent, or a receiver or liquidator of the Agent or of its property shall be
appointed or any public officer shall take charge or control of the Agent or of
its property or affairs for the purpose of rehabilitation, conservation or
liquidation, then, in any such case, (A) the Company, by Board Resolution, may
remove the Agent and appoint a successor Agent, or (B) any Holder who has been a
bona fide Holder of a
Unit for at least six months may, on behalf of himself and all others similarly
situated, petition any court of competent jurisdiction for the removal of the
Agent and the appointment of a successor Agent or Agents. Such court
may thereupon, after such notice, if any, as it may deem proper and prescribe,
remove the Agent and appoint a successor Agent.
(d) If
the Agent shall resign, be removed or become incapable of acting, or if a
vacancy shall occur in the office of Agent for any cause, the Company, by Board
Resolution, shall promptly appoint a successor Agent or Agents (other than the
Company) and shall comply with the applicable requirements of Section
5.08. If no successor Agent shall have been so appointed by the
Company and accepted appointment in the manner required by Section 5.08, any
Holder who has been a bona fide Holder of a Unit for at least six months may, on
behalf of himself and all others similarly situated, petition any court of
competent jurisdiction for the appointment of a successor Agent.
(e) The
Company shall give, or shall cause such successor Agent to give, notice of each
resignation and each removal of the Agent and each appointment of a successor
Agent to all Holders of Units in accordance with
21
Section
7.07. Each notice shall include the name of the successor Agent and
the address of its Corporate Trust Office.
Section
5.08. Acceptance of
Appointment by Successor. (a) In case of the appointment
hereunder of a successor Agent, every such successor Agent so appointed shall
execute, acknowledge and deliver to the Company and to the retiring Agent an
instrument accepting such appointment, and thereupon the resignation or removal
of the retiring Agent shall become effective and such successor Agent, without
any further act, deed or conveyance, shall become vested with all the rights,
powers, agencies and duties of the retiring Agent, with like effect as if
originally named as Agent hereunder; but, on the request of the Company or the
successor Agent, such retiring Agent shall, upon payment of all amounts due and
payable to it pursuant to Section 5.05, execute and deliver an instrument
transferring to such successor Agent all the rights and powers of the retiring
Agent and shall duly assign, transfer and deliver to such successor Agent all
property and money held by such retiring Agent hereunder. Any retiring Agent
shall, nonetheless, retain a prior claim upon all property or funds held or
collected by such Agent to secure any amounts then due it pursuant to Section
5.05.
(b) Upon
request of any such successor Agent, the Company shall execute any and all
instruments for more fully and certainly vesting in and confirming to such
successor Agent all such rights, powers and agencies referred to in paragraph
(a) of this Section.
(c) No
successor Agent shall accept its appointment unless at the time of such
acceptance such successor Agent shall be eligible under this
Article.
(d) Upon
acceptance of appointment by any successor Agent as provided in this Section,
the Company shall give notice thereof to the Holders of Units in accordance with
Section 7.07. If the acceptance of appointment is substantially contemporaneous
with the resignation of the Agent, then the notice called for by the preceding
sentence may be combined with the notice called for by Section
5.07. If the Company fails to give such notice within ten days after
acceptance of appointment by the successor Agent, the successor Agent shall
cause such notice to be given at the expense of the Company.
Section
5.09. Merger,
Conversion, Consolidation or Succession to Business. Any
corporation into which the Agent may be merged or converted or with which it may
be consolidated, or any corporation resulting from any merger, conversion or
consolidation to which the Agent shall be a party, or any corporation succeeding
to all or substantially all the agency business of the Agent, shall be the
successor of the Agent hereunder, without the execution or filing of any paper
or any further act on the part of any of the parties hereto, provided that such
corporation shall be otherwise eligible under this Article.
Section
5.10. Tax
Compliance. (a) The Agent, on its own behalf and on behalf of
the Company, will comply with all applicable certification,
information
22
reporting
and withholding (including “backup” withholding)
requirements imposed by applicable United States, federal and New York State tax
laws, regulations or administrative practice (i) with respect to payments on, or
transfer or redemption of the Notes, the Pre-paid Purchase Contracts or the
Warrants or (ii) if specifically instructed by the Company, with respect to the
issuance, delivery, holding, or exercise of rights (other than by payment,
transfer or redemption) under the Notes, the Pre-paid Purchase Contracts or the
Warrants. Such compliance shall include, without limitation, the preparation and
timely filing of required returns with respect to, and the timely payment of,
all amounts required to be withheld to the appropriate taxing authority or its
designated agent. The Company will provide to the Agent such information as it
may reasonably request in order to comply with this Section.
(b) The
Agent shall comply with any direction received from the Company with respect to
the application of such requirements to particular payments or holders or in
other particular circumstances, and may for purposes of this Agreement rely on
any such direction in accordance with the provisions of Section 5.01(b)(2)
hereof.
(c) The
Agent shall maintain all appropriate records documenting compliance with such
requirements, and shall make such records available on request at reasonable
times during normal business hours to the Company or to their authorized
representatives duly authorized in writing.
(d) Unless
otherwise specified in an applicable pricing supplement, the Company by the
issuance and sale of any Unit, and any Holder of a Unit by its acceptance
thereof, agree to (in the absence of any applicable administrative ruling or
judicial determination to the contrary) treat the Securities that constitute any
Unit as separate securities and to file all United States federal, state and
local tax returns consistent with the treatment of such Unit as constituted by
separate securities. Further, the Company agrees, and the Holders
shall be deemed to agree, not to file any tax returns, or take a position with
any tax authority, that is inconsistent with the characterization of the Notes
as debt for all U.S. federal tax purposes.
(e) Issuances
of Unregistered Units will be in accordance with the U.S. federal tax “TEFRA D
Rules” as discussed in an applicable pricing supplement.
ARTICLE
6
Consolidation,
Merger, Sale or Conveyance
Section
6.01. Covenant Not
to Merge, Consolidate, Sell or Convey Property Except Under Certain
Conditions. The Company covenants that it will not merge or
consolidate with any other corporation or sell, convey or lease all or
substantially all of its assets to any Person, firm or corporation, except that
the Company may merge or consolidate with, or sell, convey or lease all
or
23
substantially
all of its assets to, any other corporation, provided that (i) the Company
shall be the continuing corporation, or the successor corporation (if other than
the Company) shall be a corporation organized and existing under the laws of the
United States of America, or any state thereof or the District of Columbia, and
such corporation shall assume the due and punctual performance and observance of
all of the covenants and conditions of this Agreement to be performed by the
Company by supplemental agreement in form satisfactory to the Agent executed and
delivered to the Agent by such corporation, and (ii) neither the Company nor
such successor corporation immediately after such merger or consolidation, or
such sale, conveyance or lease shall be in default in the performance of any
such covenant or condition.
Section
6.02. Rights and
Duties of Successor Company. In case of any such
consolidation, merger, sale or conveyance and upon any such assumption by the
successor corporation, such successor corporation shall succeed to and be
substituted for the Company with the same effect as if it had been named herein
as the Company. Such successor corporation thereupon may cause to be signed, and
may issue (subject to the provisions of the Indenture and the Warrant Agreement)
either in its own name or in the name of Xxxxxx Xxxxxxx any or all of the Notes,
Pre-Paid Purchase Contracts and/or Warrants issuable hereunder which theretofore
shall not have been signed by the Company and delivered to the Agent; and, upon
the order of such successor corporation, instead of the Company, and subject to
all the terms, conditions and limitations in this Agreement prescribed, the
Trustee, the Warrant Agent and the Agent shall authenticate, countersign and
deliver, as applicable, any Notes, Pre-Paid Purchase Contracts or Warrants that
previously shall have been signed and delivered by the officers of the Company
to the Trustee and the Warrant Agent for authentication and countersignature,
and any Notes, Pre-Paid Purchase Contracts and/or Warrants evidencing Units
which such successor corporation thereafter shall cause to be signed and
delivered to the Trustee and the Warrant Agent for such purpose.
In case of
any such consolidation, merger, sale, conveyance or lease such change in
phraseology and form (but not in substance) may be made in the Unit Certificates
thereafter to be issued as may be appropriate.
Section
6.03. Opinion of
Counsel to Agent. The Agent subject to Sections 5.01 and 5.02
may receive an Opinion of Counsel as conclusive evidence that any such
consolidation, merger, sale, conveyance or lease, and any such assumption,
complies with the provisions of this Article.
ARTICLE
7
Miscellaneous
Provisions
Section
7.01. Amendments. (a)
This Agreement and the terms of the Units may be amended (by means of an
agreement supplemental hereto or otherwise) by the Company and the Agent,
without the consent of the Holders, (i)
24
for the
purpose of curing any ambiguity, or of curing, correcting or supplementing any
defective or inconsistent provision contained herein or therein, (ii) to
evidence and provide for the acceptance of appointment hereunder by a successor
Agent with respect to the Units or (iii) in any other manner which the Company
may deem necessary or desirable and which will not adversely affect the
interests of the affected Holders.
(b) The
Company and the Agent may modify or amend this Agreement (by means of an
agreement supplemental hereto or otherwise) with the consent of Holders holding
not less than a majority in number of the then outstanding Units affected
thereby for any purpose; provided, however, that no such
modification or amendment that materially and adversely affects the exercise or
separation rights of the affected Holders or reduces the percentage of the
number of outstanding Units, the consent of the Holders of which is required for
modification or amendment of this Agreement, may be made without the consent of
each Holder affected thereby. In the case of Units evidenced by one or more
Global Unit Certificates, the Company and the Agent shall be entitled to rely
upon certification in form satisfactory to each of them that any requisite
consent has been obtained from holders of beneficial ownership interests in the
relevant Global Unit Certificate. Such certification may be provided by
participants of the Depositary acting on behalf of such beneficial owners of
Units, provided that
any such certification is accompanied by a certification from the Depositary as
to the Unit holdings of such participants.
(c) Upon
the request of the Company, accompanied by a copy of a Board Resolution (which
Board Resolution may provide general terms or parameters for such action and may
provide that the specific terms of such action may be determined in accordance
with or pursuant to an Officer’s Certificate) authorizing the execution of any
such amendment, and upon the filing with the Agent of evidence of the consent of
Holders as aforesaid, the Agent shall join with the Company in the execution of
such amendment unless such amendment affects the Agent’s own rights, duties or
immunities under this Agreement or otherwise, in which case the Agent may in its
discretion, but shall not be obligated to, enter into such
amendment. In executing, or accepting the additional duties created
by, any amendment permitted by this Section, the Agent shall be entitled to
receive, and shall be fully protected in relying upon, an Opinion of Counsel
stating that the execution of such amendment is authorized or permitted by this
Agreement. The fact and date of the execution of any consent of
Holders, or the authority of the Person executing the same, may be proved by the
certificate of any notary public or other officer of any jurisdiction authorized
to take acknowledgments of deeds or administer oaths that the person executing
such instruments acknowledged to him the execution thereof, or by an affidavit
of a witness to such execution sworn to before any such notary or other such
officer. Where such execution is by or on behalf of any legal entity
other than an individual, such certificate or affidavit shall also constitute
sufficient proof of the authority of the person executing the
same. The fact of the holding by any Holder of an Unregistered Unit
of any series, and the identifying number of such Unit
25
and the
date of his holding the same, may be proved by the production of such Unit or by
a certificate executed by any trust company, bank, banker or recognized
securities dealer wherever situated satisfactory to the Agent, if such
certificate shall be deemed by the Agent to be satisfactory. Each
such certificate shall be dated and shall state that on the date thereof a Unit
of such series bearing a specified identifying number was deposited with or
exhibited to such trust company, bank, banker or recognized securities dealer by
the Person named in such certificate. Any such certificate may be
issued in respect of one or more Unregistered Units of one or more series
specified therein. The holding by the Person named in any such
certificate of any Unregistered Units of any series specified therein shall be
presumed to continue for a period of one year from the date of such certificate
unless at the time of any determination of such holding (1) another certificate
bearing a later date issued in respect of the same Units shall be produced, or
(2) the Unit of such series specified in such certificate shall be produced by
some other Person, or (3) the Units of such series specified in such certificate
shall have ceased to be Outstanding. The fact and date of the
execution of any such consent and the amount and number of Units of any series
held by such Person so executing such consent and the amount and numbers of any
Unit or Units for such series may also be proven in accordance with such
reasonable rules and regulations as may be prescribed by the Agent or in any
other manner which the Agent may deem sufficient. In the case of
Registered Units, the ownership of such Units shall be proved by the Unit
Register or by a certificate of the Agent, as registrar for the
Units. Without limiting the generality of Section 7.01(c), a Clearing
System that is or whose nominee or common depositary or a nominee thereof is a
Holder of an unregistered Global Unit may allow its accountholders who have
beneficial interests in such unregistered Global Note credited to accounts with
such Clearing System to direct such Clearing System in taking actions hereunder
(through its nominee or common depositary or a nominee thereof) through such
Clearing System’s standing instructions and customary practices. The
Clearing System shall report only one result of its solicitation of proxies to
the Agent.
(d) It
shall not be necessary for the consent of the Holders under this Section to
approve the particular form of any proposed amendment, but it shall be
sufficient if such consent shall approve the substance thereof.
(e) The
Company may set a record date for purposes of determining the identity of
Holders of Registered Units entitled to consent to any action by consent
authorized or permitted hereby. Such record date shall be the later of 30 days
prior to the first solicitation of such consent or the date of the most recent
list of Holders of Registered Units furnished to the Agent. The ownership of
Registered Units shall be proved by the Unit Register.
Section
7.02. Incorporators,
Stockholders, Officers and Directors of the Company Immune from
Liability. No recourse under or upon any obligation, covenant
or agreement contained in this Agreement, or in any Warrant Agreement or any
Notes, Pre-Paid Purchase Contracts and/or Warrants, or because of
any
26
indebtedness
evidenced thereby, shall be had against any incorporator, or against any past,
present or future stockholder, officer, attorney-in-fact or director, as such,
of the Company or of any successor corporation, either directly or through the
Company or any successor corporation, under any rule of law, statute or
constitutional provision or by the enforcement of any assessment or penalty or
by any legal or equitable proceeding or otherwise, all such liability being
expressly waived and released by the acceptance of the Units by the Holders
thereof and as part of the consideration for the issue thereof, provided that nothing in this
Article shall impair the obligations, covenants and agreements of the Company
contained in this Agreement and in any Notes, Pre-Paid Purchase Contracts and/or
Warrants constituting a part of the Units.
Section
7.03. Compliance
Certificates and Opinions. Except as otherwise expressly
provided by this Agreement, upon any application or request by the Company to
the Agent to take any action under any provision of this Agreement, the Company,
as applicable, shall furnish to the Agent an Officer’s Certificate stating that
all conditions precedent, if any, provided for in this Agreement relating to the
proposed action have been complied with and an Opinion of Counsel stating that,
in the opinion of such counsel, all such conditions precedent, if any, have been
complied with, except that in the case of any such application or request as to
which the furnishing of such documents is specifically required by any provision
of this Agreement relating to such particular application or request, no
additional certificate or opinion need be furnished.
Every
certificate or opinion with respect to compliance with a condition or covenant
provided for in this Agreement shall include:
(i) a
statement that each individual signing such certificate or opinion has read such
covenant or condition and the definitions herein relating thereto;
(ii) a
brief statement as to the nature and scope of the examination or investigation
upon which the statements or opinions contained in such certificate or opinion
are based;
(iii) a
statement that, in the opinion of each such individual, he has made such
examination or investigation as is necessary to enable him to express an
informed opinion as to whether or not such covenant or condition has been
complied with; and
(iv) a
statement as to whether, in the opinion of each such individual, such condition
or covenant has been complied with.
Section
7.04. Form of
Documents Delivered to Agent. In any case where several
matters are required to be certified by, or covered by an opinion of, any
specified Person, it is not necessary that all such matters be certified by, or
covered by the opinion of, only one such Person, or that they be so certified
or
27
covered by
only one document, but one such Person may certify or give an opinion with
respect to some matters and one or more other such Persons as to other matters,
and any such Person may certify or give an opinion as to such matters in one or
several documents.
Any
certificate, statement or opinion of an officer or counsel of or for the Company
may be based, insofar as it relates to legal matters, upon a certificate or
opinion of, or representations by, counsel, unless such officer knows, or in the
exercise of reasonable care should know, that the certificate or opinion or
representations with respect to the matters upon which his certificate,
statement or opinion is based are erroneous. Any such certificate,
statement or opinion may be based, insofar as it relates to factual matters,
upon a certificate, statement or opinion of, or representations by, an officer
or officers of the Company, as applicable, stating that the information with
respect to such factual matters is in the possession of the Company, unless such
counsel knows, or in the exercise of reasonable care should know, that the
certificate or opinion or representations with respect to such matters are
erroneous.
Where any
Person is required to make, give or execute two or more applications, requests,
consents, certificates, statements, opinions or other instruments under this
Agreement, they may, but need not, be consolidated and form one
instrument.
Section
7.05. Maintenance
of Office or Agency. So long as Units are authorized for
issuance pursuant to this Agreement or are outstanding hereunder, the Company
will maintain in the Borough of Manhattan, The City of New York, an office or
agency where Units may be presented or surrendered for delivery, where Units may
be surrendered for registration of transfer or exchange and where notices and
demands to or upon the Company in respect of Units and this Agreement may be
served. The Company hereby initially designates the Agent as its office or
agency in the Borough of Manhattan, The City of New York, for each of said
purposes. The Company will give prompt written notice to the Agent of the
location, and any change in the location, of such office or agency. If at any
time the Company shall fail to maintain any such required office or agency or
shall fail to furnish the Agent with the name and address thereof, such
presentations, surrenders, notices and demands may be made or served at the
Corporate Trust Office of the Agent, and the Company hereby appoints the Agent
as its agent to receive all such presentations, surrenders, notices and
demands.
The
Company may also from time to time designate one or more other offices or
agencies where Units may be presented or surrendered for any or all such
purposes and may from time to time rescind such designations; provided, however, that no such
designation or rescission shall in any manner relieve the Company of its
obligations to maintain offices or agencies provided for in this Section. The
Company will give prompt written notice to the Agent of any such designation or
rescission and of any change in the location of any such other office or
agency.
28
Section
7.06. Notices,
Etc. Any request, demand, authorization, direction, notice,
consent, waiver or Act of Holders or other document provided or permitted by
this Agreement to be made upon, given or furnished to, or filed
with,
(a) the
Agent, by any Holder or by the Company shall be sufficient for every purpose
hereunder (unless otherwise herein expressly provided) if made, given, furnished
or filed in writing and personally delivered or mailed, first-class postage
prepaid, to the Agent at its Corporate Trust Office, Attention: Corporate
Finance, or at any other address previously furnished in writing by the Agent to
the Holders and the Company, or
(b) the
Company by the Agent or by any Holder shall be sufficient for every purpose
hereunder (unless otherwise herein expressly provided) if made, given, furnished
or filed in writing and personally delivered or mailed, first-class postage
prepaid, addressed to the Company at 0000 Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000,
Attention: Treasurer, or at any other address previously furnished in writing to
the Agent by the Company.
Section
7.07. Notices to
Holders; Waiver. The Company may cause notice to be given to
the Holders by providing the Agent with a form of notice to be (a) in the case
of Definitive Units, distributed by the Agent to the Holders by first class
mail, or (b) in the case of Global Units, made available by the Depositary to
its participants in accordance with the custom and practices of the
Depositary.
Where this
Agreement provides for notice in any manner, such notice may be waived in
writing by the Person entitled to receive such notice, either before or after
the event, and such waiver shall be the equivalent of such notice.
Waivers of
notice by Holders shall be filed with the Agent, but such filing shall not be a
condition precedent to the validity of any action taken in reliance upon such
waiver.
Section
7.08. Effect of
Headings and Table of Contents. The Article and Section
headings herein and the Table of Contents are for convenience only and shall not
affect the construction hereof.
Section
7.09. Successors
and Assigns. All covenants and agreements in this Agreement,
the Units and the Unit Certificates by the Company shall bind its successors and
assigns, whether so expressed or not.
Section
7.10. Separability
Clause. In case any provision in this Agreement or in the
Units, Unit Certificates or Notes, Pre-Paid Contracts or Warrants shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions hereof and thereof shall not in any way be affected or
impaired thereby.
29
Section
7.11. Benefits of
Agreement. Nothing in this Agreement or in the Units, Unit
Certificates, the Indenture, Pre-Paid Contracts or the Warrant Agreement, the
Notes or the Warrants, express or implied, shall give to any Person, other than
the parties hereto and their successors hereunder and the Holders of any Units,
any benefits or any legal or equitable right, remedy or claim under this
Agreement.
Section
7.12. Governing
Law; Waiver of Trial by Jury. This Agreement, the Units, the
Unit Certificate, the Notes, the Pre-Paid Contracts and the Warrants shall be
governed and construed in accordance with the laws of the State of New
York. The Company and the Agent irrevocably waive, to the fullest
extent permitted by applicable law, any and all right to trial by jury in any
legal proceeding arising out of or relating to this Agreement or the
transactions contemplated hereby.
Section
7.13. Counterparts. This
Agreement may be executed in any number of counterparts by the parties hereto on
separate counterparts, each of which, when so executed and delivered, shall be
deemed an original, but all such counterparts shall together constitute one and
the same instrument.
Section
7.14. Inspection of
Agreement. A copy of this Agreement shall be available at all
reasonable times during normal business hours at the Corporate Trust Office of
the Agent for inspection by any Holder.
30
IN WITNESS
WHEREOF, the Company, the Agent, the Trustee and the Warrant Agent have duly
executed this Agreement as of the day and year first above set
forth.
XXXXXX
XXXXXXX
|
|||
By:
|
/s/
XXXXXX X. PARK
|
||
Name: |
Xxxxxx
X. Park
|
||
Title: |
Assistant
Treasurer
|
31
THE
BANK OF NEW YORK MELLON,
as
Unit Agent
|
|||
By:
|
/s/ XXXXX X. XXXXX | ||
Name: |
Xxxxx X.
Xxxxx
|
||
Title: |
Authorized
Signatory
|
THE
BANK OF NEW YORK MELLON,
as
Trustee and Paying Agent under the Indenture
|
|||
By:
|
/s/ XXXXX X. XXXXX | ||
Name: |
Xxxxx X.
Xxxxx
|
||
Title: |
Authorized
Signatory
|
THE
BANK OF NEW YORK MELLON,
as
Warrent Agent under the Warrant Agreement
|
|||
By:
|
/s/ XXXXX X. XXXXX | ||
Name: |
Xxxxx X.
Xxxxx
|
||
Title: |
Authorized
Signatory
|
EXHIBIT
A
[INSERT IN
GLOBAL UNIT CERTIFICATE FOR REGISTERED UNITS]
[FACE]
[This Unit
Certificate is a Global Unit Certificate within the meaning of the Unit
Agreement hereinafter referred to and is registered in the name of The
Depository Trust Company (the “Depositary”) or a nominee of
the Depositary. Unless and until it is exchanged in whole or in part for Units
in definitive registered form, this Unit Certificate may not be transferred
except as a whole by the Depositary to a nominee of the Depositary or by a
nominee of the Depositary to the Depositary or another nominee of the Depositary
or by the Depositary or any such nominee to a successor Depositary or a nominee
of such successor Depositary).
Unless
this Unit Certificate is presented by an authorized representative of The
Depositary (55 Xxxxx Xxxxxx, Xxx Xxxx) to Xxxxxx Xxxxxxx or its agent for
registration of transfer, exchange or payment, and any Unit issued is registered
in the name of Cede & Co. or such other name as requested by an authorized
representative of the Depositary and any payment hereon is made to Cede &
Co. or such other entity as is requested by an authorized representative of the
Depositary, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY A
PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has
an interest herein.]
A-1
UNIT
CERTIFICATE FOR REGISTERED UNITS
(issuable
in integral multiples of whole Units)
Evidencing
the Ownership or Rights of the Holder Under the Securities
Specified
Below
[Specify
Securities Constituting Part of these Units]
CUSIP No.
__________
Certificate
No.:_____
Number of
Units: See Schedule A1
This Unit
Certificate certifies that ______________________ (the “Holder”), or registered
assigns, is the registered owner of
[ ( ) Units]2 [the number of Units
specified in Schedule A hereto].3
Each Unit
represents ownership by the Holder of [specify Securities constituting parts of
the Unit], subject to the Unit Agreement (the “Unit Agreement”) dated as of
August 29, 2008 between Xxxxxx Xxxxxxx and The Bank of New York Mellon, as
Agent, as Trustee and Paying Agent under the Indenture referred to therein, and
as Warrant Agent under the Warrant Agreement referred to therein.
[Other
Terms of Units:]
[INSERT
APPROPRIATE NOTE, PRE-PAID PURCHASE CONTRACT OR WARRANT CERTIFICATES, AS
APPLICABLE]
Reference
is hereby made to the further provisions of this certificate set forth on
the succeeding pages hereof, which further provisions shall for all
purposes have the same effect as if set forth at this
place.
|
A-3
SCHEDULE
A
[INSERT IN
GLOBAL
UNIT
CERTIFICATE FOR REGISTERED UNITS
SCHEDULE
OF REDUCTIONS]
The
initial number of Units represented by this Global Unit Certificate is
_________. In accordance with the Unit Agreement pursuant to which this Global
Unit Certificate has been issued, the following reductions of the number of
Units represented by this Global Unit Certificate have occurred:
Date
of Reduction
|
Number
Reduced by Separation of the Component Parts of this Unit
|
[Number
Reduced by Exercise of Warrants]4
|
Number
of Units Outstanding Following any such Reduction
|
Notation
Made by or on Behalf of Paying Agent
|
A-4
[FORM
OF ASSIGNMENT]
FOR VALUE
RECEIVED, the undersigned assigns and transfers the Unit(s) represented by this
Certificate to:
_________________
(Insert assignee’s social security or tax identification number)
_________________
(Insert address and zip code of assignee)
and
irrevocably appoints _________________
agent to
transfer this Unit Certificate on the books of the Corporation. The agent may
substitute another to act for him or her.
Date:
Signature(s):
(Sign
exactly as your name appears on the other side of this
Certificate)
|
NOTICE:
The signature(s) should be guaranteed by an eligible guarantor institution
(banks, stockbrokers, savings and loan associations and credit unions with
membership in an approved signature guarantee medallion program), pursuant to
SEC Rule 17Ad-15.
X-0
XXXXXXX
X-0
[FORM OF
TEMPORARY GLOBAL UNIT CERTIFICATE FOR UNREGISTERED UNITS]
(issuable
in integral multiples of whole Units)
Evidencing
the Ownership or Rights of the Holder Under the Securities
Specified
Below
ANY
UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBJECT TO
LIMITATIONS UNDER THE UNITED STATES INCOME TAX LAWS, INCLUDING THE LIMITATIONS
PROVIDED IN SECTIONS 165(J) AND l287(A) OF THE INTERNAL REVENUE
CODE.
[Specify
Securities Constituting Part of these Units]
CUSIP No.
__________
Certificate
No.:_____
Number of
Units: See Schedule A
This
Temporary Unit Certificate certifies that the bearer hereof (the “Holder”), is the owner of the
number of Units specified in Schedule A hereto.
Each Unit
represents ownership by the Holder of [specify Securities constituting parts of
the Unit], subject to the Unit Agreement (the “Unit Agreement”) dated as of
August 29, 2008 among Xxxxxx Xxxxxxx, The Bank of New York Mellon, as Agent (the
“Unit Agent”), as
Trustee and Paying Agent under the Indenture referred to therein, and as Warrant
Agent under the Warrant Agreement referred to therein.
This Unit
is issued in temporary global bearer form and represents all or a portion of a
duly authorized issue of the Units Without Holders’ Obligations (the “Units”) of the
Issuer. The Units are issuable under the Unit Agreement.
Except as
otherwise provided herein, this Unit Certificate is governed by the terms and
conditions of the Permanent Global Unit Certificate for Unregistered Units (the
“Permanent Global Unit
Certificate”) to be issued in exchange for this Unit, which terms and
conditions are hereby incorporated by reference herein mutatis mutandis and shall be
binding on Xxxxxx Xxxxxxx and the Holder hereof as if fully set forth
herein. The form of the Permanent Global Unit Certificate is attached
hereto.
Upon
exchange of any portion of this Unit for an interest in the Permanent Global
Unit Certificate, the Unit Agent shall cause Schedule A of this Unit to be
endorsed to reflect the reduction of the number of Units evidenced hereby by an
amount equal to the aggregate number of Units being so
exchanged. Except as otherwise provided herein, until exchanged for a
Permanent Global Unit Certificate, this Unit shall in all respects be entitled
to the same benefits under the Unit Agreement as a duly delivered Permanent
Global Unit Certificate.
B-1-1
[INSERT
APPROPRIATE NOTE, PRE-PAID PURCHASE CONTRACT OR WARRANT CERTIFICATES, AS
APPLICABLE]
Reference
is hereby made to the further provisions of this certificate set forth on
the succeeding pages hereof, which further provisions shall for all
purposes have the same effect as if set forth at this
place.
|
B-1-2
SCHEDULE
A
TEMPORARY
GLOBAL
SCHEDULE
OF EXCHANGES
The
initial number of Units represented by this Temporary Global Unit Certificate is
_________. Exchange of this Temporary Global Unit for a Permanent Global Unit
shall only be made upon satisfaction of any conditions or restrictions set forth
in any Global Note constituting part of this Temporary Global Unit. In
accordance with the Unit Agreement pursuant to which this Temporary Global Unit
Certificate has been issued, the following exchanges of the number of Units
represented by this Temporary Global Unit Certificate have
occurred:
Date
of Reduction
|
Number
Reduced by Exchange for a Permanent Unregistered Unit
|
Number
of Temporary Global Units Outstanding Following any such Exchange or
Reduction
|
Notation
Made by or on Behalf of Agent
|
EXHIBIT
B-2
[FORM OF
PERMANENT GLOBAL UNIT CERTIFICATE FOR UNREGISTERED UNITS]
(issuable
in integral multiples of whole Units)
Evidencing
the Ownership or Rights of the Holder Under the Securities
Specified
Below
ANY
UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBJECT TO
LIMITATIONS UNDER THE UNITED STATES INCOME TAX LAWS, INCLUDING THE LIMITATIONS
PROVIDED IN SECTIONS 165(J) AND l287(A) OF THE INTERNAL REVENUE
CODE.
[Specify
Securities Constituting Part of these Units]
CUSIP No.
__________
Certificate
No.:_____
Number of
Units: See Schedule A
This Unit
Certificate certifies that the bearer hereof (the “Holder”), is
the owner of [the number of Units specified in Schedule A
hereto].
Each Unit
represents ownership by the Holder of [specify Securities constituting parts of
the Unit], subject to the Unit Agreement (the “Unit Agreement”) dated as of
August 29, 2008 between Xxxxxx Xxxxxxx and The Bank of New York Mellon, as
Agent, as Trustee and Paying Agent under the Indenture referred to therein, and
as Warrant Agent under the Warrant Agreement referred to therein.
[Other
Terms of Units:]
[INSERT
APPROPRIATE NOTE, PRE-PAID PURCHASE CONTRACT OR WARRANT CERTIFICATES, AS
APPLICABLE]
B-2-1
SCHEDULE
A
PERMANENT
GLOBAL
UNIT
CERTIFICATE REPRESENTING UNREGISTERED UNITS6
SCHEDULE
OF EXCHANGES/INCREASES/REDUCTIONS
The
initial number of Units represented by this Permanent Global Unit Certificate is
_________. Exchange of a Temporary Global Unit for this Permanent Global Unit
shall only be made upon satisfaction of any conditions or restrictions set forth
in any Global Note constituting part of the Temporary Global Unit. In accordance
with the Unit Agreement pursuant to which this Permanent Global Unit Certificate
has been issued, the following exchanges, increases or reductions of the number
of Units represented by this Permanent Global Unit Certificate have
occurred:
Date
of Exchange or Reduction
|
Number
Increased by Exchange of a Temporary Unregistered Unit for a Permanent
Unregistered Unit
|
Number
Reduced by Separation of the Component Parts of this Unit
|
[Number
Reduced by Exercise of Warrants]7
|
Number
Reduced or Increased by Exchange in respect of a Definitive
Unit
|
Number
of Permanent Global Units Outstanding Following any such Exchange,
Increase or Reduction
|
Notation
Made by or on Behalf of Agent
|
B-2-2
EXHIBIT
B-3
[FORM OF
UNIT CERTIFICATE FOR UNREGISTERED DEFINITIVE UNITS]
(issuable
in integral multiples of whole Units)
Evidencing
the Ownership or Rights of the Holder Under the Securities
Specified
Below
ANY
UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBJECT TO
LIMITATIONS UNDER THE UNITED STATES INCOME TAX LAWS, INCLUDING THE LIMITATIONS
PROVIDED IN SECTIONS 165(J) AND l287(A) OF THE INTERNAL REVENUE
CODE.
[Specify
Securities Constituting Part of these Units]
CUSIP No.
__________
Certificate
No.:_____
Number of
Units:
This Unit
Certificate certifies that the bearer (the “Holder”), is the owner of the
number of Units specified above.
Each Unit
represents ownership by the Holder of [specify Securities constituting parts of
the Unit], subject to the Unit Agreement (the “Unit Agreement”) dated as of
August 29, 2008 among Xxxxxx Xxxxxxx, The Bank of New York Mellon, as Agent, as
Trustee and Paying Agent under the Indenture referred to therein, and as Warrant
Agent under the Warrant Agreement referred to therein.
[Other
terms of Xxxxx]
X-0-0
[INSERT
APPROPRIATE NOTE, PRE-PAID PURCHASE CONTRACT OR WARRANT CERTIFICATES, AS
APPLICABLE]
Reference
is hereby made to the further provisions of this certificate set forth on
the succeeding pages hereof, which further provisions shall for all
purposes have the same effect as if set forth at this
place.
|
B-3-2