CSX CORPORATION
Exhibit
4.2
UNLESS
THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE
OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
THE
DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE
OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN.
TRANSFERS
OF THIS SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART,
TO
NOMINEES OF CEDE & CO. OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S
NOMINEE.
CSX
CORPORATION
$400,000,000
5.750%
NOTES DUE 2013
No. 1-A |
CUSIP
No. 000000XX0
|
This
security (the “Security”) is one
of a duly authorized issue of securities (herein called the “Securities”) of CSX
Corporation, a Virginia corporation (hereinafter called the “Company,” which
term includes any successor corporation under the Indenture hereinafter referred
to), issued and to be issued in one or more series under an indenture, unlimited
as to aggregate principal amount, dated as of August 1, 1990 between the
Company and The Bank of New York Trust Company, N.A., successor to JPMorgan
Chase Bank, N.A., formerly known as The Chase Manhattan Bank, as Trustee
(herein
called the “Trustee,” which term includes any successor trustee under the
Indenture (as hereinafter defined)), as supplemented by a First Supplemental
Indenture dated as of June 15, 1991, a Second Supplemental Indenture dated
as of
May 6, 1997, a Third Supplemental Indenture dated as of April 22, 1998, a
Fourth
Supplemental Indenture dated as of October 30, 2001, a Fifth Supplemental
Indenture dated as of October 27, 2003, a Sixth Supplemental Indenture dated
as
of September 23, 2004, and a Seventh Supplemental Indenture dated as of April
25, 2007, to which indenture and all indentures supplemental thereto (the
indenture, as supplemented being herein called the “Indenture”) reference is
hereby made for a statement of the respective rights thereunder of the Company,
the Trustee and the Holders of the Securities and of the terms upon which
the
Securities are, and are to be, authenticated and delivered. This
Security is one of the series designated on the face hereof, which series
has
been issued in an initial aggregate principal amount of $400,000,000 (FOUR
HUNDRED MILLION DOLLARS). All Securities of this series need not be issued
at
the same time and such series may be reopened at any time, without the consent
of any Holder, for issuances of additional Securities of this
series. Any such additional Securities of this series will have the
same interest rate, maturity and other terms as those initially
issued. Further Securities of this series may also be authenticated
and delivered as provided by Sections 304, 305, 306 or 906 of the Indenture.
This Security represents an aggregate initial principal amount of $400,000,000
(FOUR HUNDRED MILLION DOLLARS) (as adjusted from time to time in accordance
with
the terms and provisions hereof and as set forth on Exhibit A hereto, the
“Principal Amount”) of the Securities of such series, with the Interest Payment
Dates, date of original issuance, and date of Maturity specified herein and
bearing interest on said Principal Amount at the interest rate specified
herein.
The
Company, for value received, hereby
promises to pay CEDE & CO., or its registered assigns, the principal sum of
$400,000,000 (FOUR HUNDRED MILLION DOLLARS) on March 15, 2013 and to pay
interest (computed on the basis of a 360-day year of twelve 30-day months)
thereon from September 7, 2007 or from the most recent Interest Payment Date
to
which interest has been paid or duly provided for, or, if the date of this
Security is an Interest Payment Date to which interest has been paid or duly
provided for, then from the date hereof, semiannually in arrears on March
15 and
September 15 of each year, commencing March 15, 2008, and at Maturity at
the
rate of 5.750% per annum, until the principal hereof is paid or duly made
available for payment. The Company shall pay interest on overdue
principal and premium, if any, and (to the extent lawful) interest on overdue
installments of interest at the rate per annum borne by the
Security. The interest so payable, and punctually paid or duly
provided for, on any Interest Payment Date will, as provided in such Indenture,
be paid to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record
Date
for such interest, which shall be the February 15 or August 15 (whether or
not a
Business Day), as the case may be, next preceding such Interest Payment
Date. Except as otherwise provided in the Indenture, any such
interest not so punctually paid or duly provided for shall forthwith cease
to be
payable to the Holder on such Regular Record Date and may be paid to the
Person
in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on a Special Record Date to be fixed
by the
Trustee for the payment of such Defaulted Interest, notice whereof shall
be
given to the Holder of this Security not less than 10 days prior to such
Special
Record Date, or may be paid at any time in any other lawful manner not
inconsistent with the requirements of any securities exchange or automated
quotation system on which the Securities of this series may be listed or
quoted,
and upon such notice as may be required by such exchange or system, all as
more
fully provided in such Indenture. Notwithstanding the foregoing,
interest payable on this Security at Maturity will be payable to the person
to
whom principal is payable.
This
Security is exchangeable in whole
or from time to time in part for definitive Registered Securities of this
series
only as provided in this paragraph. If (x) the Depository with
respect to the Securities of this series (the “Depository”) notifies the Company
that it is unwilling, unable or ineligible to continue as Depository for
this
Security or if at any time the Depository ceases to be a clearing agency
registered under the Securities Exchange Act of 1934, as amended, and a
successor Depository is not appointed by the Company within 90 days, (y)
the
Company in its sole discretion determines that this Security shall be
exchangeable for definitive Registered Securities and executes and delivers
to
the Trustee a Company Order providing that this Security shall be so
exchangeable or (z) there shall have happened and be continuing an Event
of
Default or any event which, after notice or lapse of time, or both, would
become
an Event of Default with respect to the Securities of the series of which
this
Security is a part, this Security or any portion hereof shall, in the case
of
clause (x) above, be exchanged for definitive Registered Securities of this
series, and in the case of clauses (y) and (z) above, be exchangeable for
definitive Registered Securities of this series, provided that the definitive
Security so issued in exchange for this Security shall be in authorized
denominations and be of like tenor and of an equal aggregate principal amount
as
the portion of the Security to be exchanged, and provided further that, in
the
case of clauses (y) and (z) above, definitive Registered Securities of this
series will be issued in exchange for this Security, or any portion hereof,
only
if such definitive Registered Securities were requested by written notice
to the
Security Registrar by or on behalf of a Person who is a beneficial owner
of an
interest herein given through the Holder hereof. Any definitive
Registered Security of this series issued in exchange for this Security,
or any
portion hereof, shall be registered in the name or names of such Person or
Persons as the Holder hereof shall instruct the Security
Registrar. Except as provided above, owners of beneficial interests
in this Security will not be entitled to receive physical delivery of Securities
in definitive form and will not be considered the Holders thereof for any
purpose under the Indenture.
2
Any
exchange of this Security or
portion hereof for one or more definitive Registered Securities of this series
will be made at the New York office of the Security Registrar or at the office
of any transfer agent designated by the Company for that
purpose. Upon exchange of any portion of this Security for one or
more definitive Registered Securities of this series, the Trustee shall endorse
Exhibit A of this Security to reflect the reduction of its Principal Amount
by
an amount equal to the aggregate principal amount of the definitive Registered
Securities of this series so issued in exchange, whereupon the Principal
Amount
hereof shall be reduced for all purposes by the amount so exchanged and
noted. Except as otherwise provided herein or in the Indenture, until
exchanged in full for one or more definitive Registered Securities of this
series, this Security shall in all respects be subject to and entitled to
the
same benefits and conditions under the Indenture as a duly authenticated
and
delivered definitive Registered Security of this series.
The
principal and any interest in
respect of any portion of this Security payable in respect of an Interest
Payment Date or at the Stated Maturity thereof, in each case occurring prior
to
the exchange of such portion for a definitive Registered Security or Securities
of this series, will be paid, as provided herein, to the Holder hereof which
will undertake in such circumstances to credit any such principal and interest
received by it in respect of this Security to the respective accounts of
the
Persons who are the beneficial owners of such interests on such Interest
Payment
Date or at Stated Maturity. If a definitive Registered Security or
Registered Securities of this series are issued in exchange for any portion
of
this Security after the close of business at the office or agency where such
exchange occurs on (i) any Regular Record Date and before the opening of
business at such office or agency on the relevant Interest Payment Date,
or (ii)
any Special Record Date and before the opening of business at such office
or
agency on the related proposed date for payment of Defaulted Interest, then
interest or Defaulted Interest, as the case may be, will not be payable on
such
Interest Payment Date or proposed date for payment, as the case may be, in
respect of such Registered Security, but will be payable on such Interest
Payment Date or proposed date for payment, as the case may be, only to the
Holder hereof, and the Holder hereof will undertake in such circumstances
to
credit such interest to the account or accounts of the Persons who were the
beneficial owners of such portion of this Security on such Regular Record
Date
or Special Record Date, as the case may be.
3
Payment
of the principal of and any
such interest on this Security will be made at the offices of the Trustee
as
Paying Agent, in the Borough of Manhattan, The City of New York, or at such
other office or agency of the Company as may be designated by it for such
purpose in the Borough of Manhattan, The City of New York, in such coin or
currency of the United States of America as at the time of payment shall
be
legal tender for the payment of public and private debts by check mailed
to the
registered Holders thereof; provided, however, that at the option
of the Holder, payment of interest may be made by wire transfer of immediately
available funds to an account of the Person entitled hereto as such account
shall be provided to the Security Registrar and shall appear in the Security
Register.
The
Securities shall be redeemable, in
whole or in part, at the Company’s option at any time. The Redemption
Price for the Securities to be redeemed shall equal the greater of the following
amounts, plus, in each case, accrued interest thereon to the Redemption
Date:
|
·
|
100%
of the principal amount of such Securities;
or
|
|
·
|
As
determined by the Independent Investment Banker (as defined below),
the
sum of the present values of the remaining scheduled payments of
principal
and interest on the Securities (not including any portion of any
payments
of interest accrued from the most recent Interest Payment Date
to which
interest has been paid to the Redemption Date) discounted to the
Redemption Date on a semiannual basis at the Adjusted Treasury
Rate (as
defined below) plus 25 basis
points.
|
The
Redemption Price shall be calculated by the Independent Investment Banker
assuming a 360-day year consisting of twelve 30-day months.
“Adjusted
Treasury Rate” means, with
respect to any Redemption Date:
|
·
|
the
yield, under the heading which represents the average for the immediately
preceding week, appearing in the most recently published statistical
release designated “H.15(519)” or any successor publication which is
published weekly by the Board of Governors of the Federal Reserve
System
and which establishes yields on actively traded U.S. Treasury securities
adjusted to constant maturity under the caption “Treasury Constant
Maturities,” for the maturity corresponding to the Comparable Treasury
Issue (if no maturity is within three months before or after the
remaining
term of the Securities, yields for the two published maturities
most
closely corresponding to the Comparable Treasury Issue will be
determined
and the Adjusted Treasury Rate will be interpolated or extrapolated
from
such yields on a straight line basis, rounding to the nearest month);
or
|
|
·
|
If
such release (or any successor release) is not published during
the week
preceding the calculation date or does not contain such yields,
the rate
per annum equal to the semiannual equivalent yield to maturity
of the
Comparable Treasury Issue, assuming a price for the Comparable
Treasury
Issue (expressed as a percentage of its principal amount) equal
to the
Comparable Treasury Price for such Redemption
Date.
|
4
The
Adjusted Treasury Rate shall be
calculated on the third Business Day preceding the Redemption
Date. The Company shall notify the Trustee, in an Officers’
Certificate, of the Redemption Price no later than the second Business Day
preceding the Redemption Date. The Officers’ Certificate shall set forth the
Redemption Price both as an aggregate amount for all the Securities to be
redeemed and as an amount per $1,000.00 in principal amount of the Securities
to
be redeemed, subject to a minimum $2,000.00 denomination as set forth
below.
“Comparable
Treasury Issue” means the
U.S. Treasury security selected by the Independent Investment Banker as having
a
maturity comparable to the remaining term of the Securities to be redeemed
that
would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of
comparable maturity to the remaining term of such Securities.
“Comparable
Treasury Price” means, with
respect to any Redemption Date, (A) the average of five Reference Treasury
Dealer Quotations for such Redemption Date, after excluding the highest and
lowest such Reference Treasury Dealer Quotations, or (B) if the Independent
Investment Banker obtains fewer than five such Reference Treasury Dealer
Quotations, the average of all such quotations.
“Independent
Investment Banker” means
Credit Suisse and its successors, or if that firm is unwilling or unable
to
serve in that capacity, an independent investment and banking institution
of
national standing appointed by the Company.
“Reference
Treasury Dealer”
means:
|
·
|
Barclays
Capital, Credit Suisse and UBS Investment Bank and their successors;
provided that, if any ceases to be a primary U.S. Government securities
dealer in the United States (“Primary Treasury Dealer”), the Company will
substitute another Primary Treasury Dealer;
and
|
|
·
|
Up
to four other Primary Treasury Dealers selected by the
Company.
|
“Reference
Treasury Dealer Quotation”
means, with respect to each Reference Treasury Dealer and any Redemption
Date,
the average, as determined by the Independent Investment Banker, of the bid
and
asked prices for the Comparable Treasury Issue (expressed in each case as
a
percentage of its principal amount) quoted in writing to the Independent
Investment Banker by such Reference Treasury Dealer at 5:00 p.m. (New York
City
time) on the third business day preceding such Redemption Date.
Notice
of redemption shall be given as
provided in Section 1104 of the Indenture; provided, that such notice shall
not
be required to include the Redemption Price but shall instead include the
manner
of calculation of the Redemption Price. If the Company elects to
partially redeem the Securities, the Trustee will select in a fair and
appropriate manner the Securities to be redeemed.
5
Unless
the Company defaults in payment
of the Redemption Price, on and after the Redemption Date interest will cease
to
accrue on the Securities or portions thereof called for redemption.
If
an Event of Default with respect to
Securities of this series shall occur and be continuing, the principal of
the
Securities of this series (including this Security and the interests represented
hereby) may be declared due and payable in the manner and with the effect
provided in the Indenture. Upon payment (i) of the amount of principal so
declared due and payable and (ii) of interest on any overdue principal and
overdue interest (in each case to the extent that the payment of such interest
shall be legally enforceable), all of the Company’s obligations in respect of
the payment of the principal of and any interest on the Securities of this
series (including this Security and the interests represented hereby) shall
terminate.
If
a Change of Control Repurchase Event
occurs, unless the Company have exercised the Company’s right to redeem the
“Securities” as described above, the Company will be required to make an offer
to each holder of the “Securities” to repurchase all or any part (equal to
$2,000 or an integral multiple of $1,000 in excess thereof) of that holder’s
“Securities” at a repurchase price in cash equal to 101% of the aggregate
principal amount of the “Securities” repurchased plus any accrued and unpaid
interest on the “Securities” repurchased to, but not including, the date of
repurchase. Within 30 days following any Change of Control Repurchase
Event or, at the Company’s option, prior to any Change of Control, but after the
public announcement of the Change of Control, the Control will mail a notice
to
each holder, with a copy to the Trustee, describing the transaction or
transactions that constitute or may constitute the Change of Control Repurchase
Event and offering to repurchase the “Securities” on the payment date specified
in the notice, which date will be no earlier than 30 days and no later than
60
days from the date such notice is mailed. The notice shall, if mailed
prior to the date of consummation of the Change of Control, state that the
offer
to purchase is conditioned on a Change of Control Repurchase Event occurring
on
or prior to the payment date specified in the notice. The Company
will comply with the requirements of Rule 14e-1 under the Exchange Act, and
any
other securities laws and regulations thereunder to the extent those laws
and
regulations are applicable in connection with the repurchase of the “Securities”
as a result of a Change of Control Repurchase Event. To the extent
that the provisions of any securities laws or regulations conflict with the
Change of Control Repurchase Event provisions of the “Securities”, the Company
will comply with the applicable securities laws and regulations and will
not be
deemed to have breached the Company’s obligations under the Change of Control
Repurchase Event provisions of the “Securities” by virtue of such
conflict.
On
the repurchase date following a
Change of Control Repurchase Event, the Company will, to the extent
lawful:
|
(1)
|
accept
for payment all the “Securities” or portions of the “Securities” properly
tendered pursuant to the Company’s
offer;
|
|
(2)
|
deposit
with the paying agent an amount equal to the aggregate purchase
price in
respect of all the “Securities” or portions of the “Securities” properly
tendered; and
|
6
|
(3)
|
deliver
or cause to be delivered to the Trustee the “Securities” properly
accepted, together with an officers’ certificate stating the aggregate
principal amount of the “Securities” being purchased by the
Company.
|
The
paying agent will promptly mail to
each holder of the “Securities” properly tendered the purchase price for the
“Securities”, and the Trustee will promptly authenticate and mail (or cause to
be transferred by book-entry) to each holder a new note equal in principal
amount to any unpurchased portion of any “Securities” surrendered; provided that
each new note will be in a principal amount of $2,000 or an integral multiple
of
$1,000 in excess thereof.
The
Company will not be required to
make an offer to repurchase the “Securities” upon a Change of Control Repurchase
Event if a third party makes such an offer in the manner, at the times and
otherwise in compliance with the requirements for an offer made by the Company
and such third party purchases all the “Securities” properly tendered and not
withdrawn under its offer.
For
purposes of the foregoing
description of a repurchase at the option of holders, the following definitions
are applicable:
“Below
Investment Grade Ratings Event”
means that on any day within the 60-day period (which period shall be extended
so long as the rating of the “Securities” is under publicly announced
consideration for a possible downgrade by any of the Rating Agencies) after
the
earlier of (1) the occurrence of a Change of Control; or (2) public notice
of
the occurrence of a Change of Control or the intention by CSX to effect a
Change
of Control, the “Securities” are rated below Investment Grade by each of the
Rating Agencies. Notwithstanding the foregoing, a Below Investment Grade
Ratings
Event otherwise arising by virtue of a particular reduction in rating shall
not
be deemed to have occurred in respect of a particular Change of Control (and
thus shall not be deemed a Below Investment Grade Ratings Event for purposes
of
the definition of Change of Control Repurchase Event hereunder) if the Rating
Agencies making the reduction in rating to which this definition would otherwise
apply do not announce or publicly confirm or inform the Trustee in writing
at
its request that the reduction was the result, in whole or in part, of any
event
or circumstance comprised of or arising as a result of, or in respect of,
the
applicable Change of Control (whether or not the applicable Change of Control
shall have occurred at the time of the ratings event).
“Change
of Control” means the
consummation of any transaction (including, without limitation, any merger
or
consolidation) the result of which is that any “person” (as that term is used in
Section 13(d)(3) of the Exchange Act), other than CSX or the Company’s
subsidiaries, becomes the beneficial owner (as defined in Rules 13d-3 and
13d-5
under the Exchange Act), directly or indirectly, of more than 50% of the
combined voting power of the Company’s Voting Stock or other Voting Stock into
which the Company’s Voting Stock is reclassified, consolidated, exchanged or
changed measured by voting power rather than number of shares.
“Change
of Control Repurchase Event”
means the occurrence of both a Change of Control and a Below Investment Grade
Ratings Event.
“Fitch”
means
Fitch Ratings
Ltd.
7
“Investment
Grade” means a rating of
Baa3 or better by Xxxxx’x (or its equivalent under any successor rating
categories of Xxxxx’x); a rating of BBB- or better by S&P or Fitch (or its
equivalent under any successor rating categories of S&P and Fitch); or the
equivalent Investment Grade credit rating from any additional Rating Agency
or
Rating Agencies selected by the Company.
“Xxxxx’x”
means
Xxxxx’x Investors
Service Inc.
“Rating
Agency” means (1) each of
Xxxxx’x, S&P and Fitch; and (2) if any of Xxxxx’x, S&P or Fitch ceases
to rate the “Securities” or fails to make a rating of the “Securities” publicly
available for reasons outside of the Company’s control, a “nationally recognized
statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F)
under the Exchange Act, selected by the Company (as certified by a resolution
of
the Chief Executive Officer or Chief Financial Officer) as a replacement
agency
for Xxxxx’x, S&P or Fitch, or all of them, as the case may be.
“S&P”
means
Standard & Poor’s
Ratings Services, a division of XxXxxx-Xxxx, Inc.
“Voting
Stock” of any specified
“person” (as that term is used in Section 13(d)(3) of the Exchange Act) as of
any date means the capital stock of such person that is at the time entitled
to
vote generally in the election of the board of directors of such
person.
The
Indenture contains provisions for
defeasance at any time of (a) the entire indebtedness of the Company on this
Security and (b) certain restrictive covenants and the related defaults and
Events of Default, upon compliance with certain conditions set forth therein,
which provisions shall apply to this Security.
The
provisions of Article Fourteen of
the Indenture apply to Securities of this series.
The
Indenture permits, with certain
exceptions as therein provided, the amendment thereof and the modification
of
the rights and obligations of the Company and the rights of the Holders of
the
Securities of each series to be affected under the Indenture at any time
by the
Company and the Trustee with the consent of the Holders of a majority in
aggregate principal amount of the Securities at the time Outstanding of each
series affected thereby. The Indenture also contains provisions
permitting the Holders of specified percentages in aggregate principal amount
of
the Securities of each series at the time Outstanding on behalf of the Holders
of all Securities of such series to waive compliance by the Company with
certain
provisions of the Indenture and certain past defaults under the Indenture
and
their consequences. Any such consent or waiver by the Holder of this
Security shall be conclusive and binding upon such Holder and upon all future
Holders of this Security and the Persons who are beneficial owners of
interests represented hereby, and of any Security issued in exchange herefor
or
in lieu hereof whether or not notation of such consent or waiver is made
upon
this Security.
As
set forth in, and subject to, the
provisions of the Indenture, no Holder of any Security of this series will
have
any right to institute any proceeding with respect to the Indenture or for
any
remedy thereunder, unless such Holder shall have previously given to the
Trustee
written notice of a continuing Event of Default with respect to the Securities
of this series, the Holders of not less than 25% in aggregate principal amount
of the Outstanding Securities of this series shall have made written request,
and offered reasonable indemnity, to the Trustee to institute such proceeding
as
trustee, and the Trustee shall not have received from the Holders of a majority
in aggregate principal amount of the Outstanding Securities of this series
a
direction inconsistent with such request and shall have failed to institute
such
proceeding within 60 days; provided, however, that such limitations do not
apply
to a suit instituted by the Holder hereof for the enforcement of payment
of the
principal of (and premium, if any) or interest on this Security on or after
the
respective due dates expressed herein.
8
No
reference herein to the Indenture
and no provision of this Security or of the Indenture shall alter or impair
the
obligation of the Company, which is absolute and unconditional to pay the
principal of (and premium, if any) and interest on this Security at the time,
place and rate, and in the coin or currency, herein prescribed.
As
provided in the Indenture and
subject to certain limitations therein and herein set forth, the transfer
of
Registered Securities of the series of which this Security is a part may
be
registered on the Security Register of the Company, upon surrender of such
Securities for registration of transfer at the office of the Security Registrar,
duly endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Company and the Security Registrar duly executed by the
Holder thereof or his attorney duly authorized in writing, and thereupon
one or
two more new Securities of this Series and of like tenor, of authorized
denominations and for the same aggregate principal amount, will be issued
to the
designated transferee or transferees.
No
service charge shall be made for any
such registration of transfer or exchange of Securities as provided above,
but
the Company may require payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
Prior
to due presentment of this
Security for registration of transfer, the Company, the Trustee and any agent
of
the Company or the Trustee may treat the Person in whose name this Security
is
registered as the owner hereof for all purposes, whether or not this Security
be
overdue, and neither the Company, the Trustee nor any such agent shall be
affected by notice to the contrary.
The
Securities of this series of which
this Security is a part are issuable only in registered form without coupons,
in
denominations of $2,000.00 and integral multiples of $1,000.00. As
provided in the Indenture and subject to certain limitations therein set
forth,
the Securities of this series are exchangeable for a like aggregate principal
amount of Securities of this series and of like tenor of a different authorized
denomination, as requested by the Holder surrendering the same.
The
Securities of this series shall be
dated the date of their authentication.
All
terms used in this Security which
are defined in the Indenture shall have the meanings assigned to them in
the
Indenture.
Unless
the certificate of
authentication hereon has been executed by or on behalf of the Trustee under
the
Indenture, or its successor thereunder, by the manual signature of one of
its
authorized officers, this Security shall not be entitled to any benefit under
the Indenture or be valid or obligatory for any purpose.
9
IN
WITNESS WHEREOF, the Company has
caused this instrument to be duly executed under its corporate
seal.
Dated: September
7,
2007
CSX
CORPORATION
By:
|
/s/ Xxxxx X. Xxxxx | ||
Name:
|
Xxxxx
X. Xxxxx
|
||
Title:
|
Assistant
Vice President - Capital Markets
|
Attest:
/s/
Xxxxxx X. Xxxxxxx
Assistant Corporate Secretary
STATE OF New York | |
) ss.: | |
COUNTY/CITY OF New York |
Before
me, a Notary Public in and for
said State and County/City, personally appeared Xx. Xxxxx X. Xxxxx, personally
known to me or proved to me on the basis of satisfactory evidence to be the
person whose name is subscribed to the within instrument and acknowledged
to me
that he executed the same in his authorized capacity, and that by his signature
on the instrument, the company on behalf of which he acted executed the
instrument.
WITNESS
my hand and official seal this
7th day of September, 2007, in the State and County/City aforesaid.
___________________________________________________
Notary
Public in and for the State and County/City aforesaid
My
commission
expires:
/s/ Xxxxx X. Xxxxxxx
Printed
Name of Notary
Public:
Xxxxx X. Xxxxxxx
Notary
Public, State of New York
No.
01BU6158389
Qualified
in New York County
Commission
Expires January 2, 2011
10
TRUSTEE’S
CERTIFICATE OF AUTHENTICATION
This
is one of the Securities of a
series issued under the Indenture described herein.
THE
BANK OF NEW YORK TRUST COMPANY, N.A.
as Trustee
|
|||
By:
|
|||
Authorized
Officer
|
11
FORM
OF
TRANSFER NOTICE
FOR
VALUE RECEIVED the undersigned
registered holder hereby sell(s), assign(s) and transfer(s) unto
Insert
Taxpayer Identification No.
Please
print or typewrite name and address including zip code of assignee
the
within Security and all rights thereunder, hereby irrevocably constituting
and
appointing
____________________________________________
attorney to transfer said Security on the books of the Security Registrar
with
full power of substitution in the premises.
Date: ___________________________ | |
NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within-mentioned instrument in every particular, without alteration or any change whatsoever. |
12
EXHIBIT
A
Schedule
of Exchanges
13