UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-A
FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES
Pursuant
to Section 12(b) or 12(g) of
the
Securities
Exchange Act of 1934
TE CONNECTIVITY PLC |
(Exact name of registrant as specified in its charter) |
Ireland |
|
98-177916 |
(State or other jurisdiction of incorporation or
organization) |
|
(I.R.S. employer identification no.) |
Parkmore Business Park West,
Parkmore,
H91VN2T Ballybrit,
Galway,
Ireland |
(Address of principal executive offices, including
zip code) |
TE CONNECTIVITY SWITZERLAND LTD. |
(Exact name of registrant as specified in its charter) |
|
Switzerland |
|
98-1808270 |
(State or other jurisdiction of incorporation or
organization) |
|
(I.R.S. employer identification no.) |
Mühlenstrasse 26
CH-8200 Schaffhausen
Switzerland
(Address of principal executive offices, including
zip code)
|
TYCO ELECTRONICS GROUP S.A. |
(Exact name of registrant as specified in its charter) |
Luxembourg |
|
98-0518566 |
(State or other jurisdiction of incorporation or
organization) |
|
(I.R.S. employer identification no.) |
46 Place Guillaume II
L-1648 Luxembourg |
(Address of principal executive offices, including
zip code)
|
Securities to be registered pursuant to Section 12(b) of the Act: |
Title of each class to be so registered
|
|
Name of each
exchange on which
each class is to be registered |
3.250% Senior Notes due 2033 |
|
New York Stock Exchange |
|
If this form relates to the registration of a class of securities pursuant to Section 12(b) of the Exchange Act and is effective pursuant to General Instruction A.(c) or (e), check the following box. x |
|
If
this form relates to the registration of a class of securities pursuant to Section 12(g) of the Exchange Act and is effective
pursuant to General Instruction A.(d) or (e), check the following box. ¨
If
this form relates to the registration of a class of securities concurrently with a Regulation A offering, check the following box. ¨ |
Securities Act registration statement or Regulation A offering statement file number to which this form relates: 333-282440 |
|
Securities to be registered pursuant to Section 12(g) of the Act: |
|
None |
(Title of Class) |
INFORMATION REQUIRED IN REGISTRATION STATEMENT
The Registrants have filed
with the Securities and Exchange Commission (the “Commission”) pursuant to Rule 424(b) under the Securities Act
of 1933, as amended, a prospectus supplement, dated January 28, 2025 (the “Prospectus Supplement”) and the accompanying
prospectus, dated October 1, 2024 (the “Base Prospectus”). The Prospectus Supplement relates to the €750,000,000
aggregate principal amount of 3.250% Senior Notes due 2033 (the “Notes”) of Tyco Electronics Group S.A., which are fully and
unconditionally guaranteed by TE Connectivity plc and TE Connectivity Switzerland Ltd. The Base Prospectus forms a part of the Registrants’
Registration Statement on Form S-3 (File No. 333-282440), filed with the Commission on October 1, 2024.
| Item 1. | Description of Registrant’s Securities to be Registered. |
The information set forth
under the heading “Description of the Notes and the Guarantees” in the Prospectus Supplement is incorporated herein by reference.
Copies of such description will be filed with the New York Stock Exchange.
Exhibit No. |
Description
of Exhibit |
|
|
4.1 |
Amended and Restated Indenture, dated as of January 31, 2025, among Tyco Electronics Group S.A., as issuer, TE Connectivity plc, as parent guarantor, TE Connectivity Switzerland Ltd., as additional guarantor, and Deutsche Bank Trust Company Americas, as trustee (incorporated by reference to Exhibit 4.1 to TE Connectivity plc’s Current Report on Form 8-K, filed with the Commission on January 31, 2025) |
4.2 |
First Supplemental Indenture, dated as of January 31, 2025, among Tyco Electronics Group S.A., as issuer, TE Connectivity plc, as parent guarantor, TE Connectivity Switzerland Ltd., as additional guarantor, and Deutsche Bank Trust Company Americas, as trustee (incorporated by reference to Exhibit 4.2 to TE Connectivity plc’s Current Report on Form 8-K, filed with the Commission on January 31, 2025) |
4.3 |
Form of 3.250% Senior Notes due 2033 (included in Exhibit 4.2) |
SIGNATURES
Pursuant to the requirements of Section 12 of
the Securities Exchange Act of 1934, each registrant has duly caused this registration statement to be signed on its behalf by the undersigned,
thereto duly authorized.
|
TE CONNECTIVITY PLC |
|
|
|
|
|
|
|
By: |
/s/ Harold G. Barksdale |
|
|
Name: |
Harold G. Barksdale |
|
|
Title: |
Vice President and Corporate Secretary |
|
|
|
|
|
TE CONNECTIVITY SWITZERLAND LTD. |
|
|
|
|
|
By: |
/s/ Heath A. Mitts |
|
|
Name: |
Heath A. Mitts |
|
|
Title: |
Director |
|
|
|
|
|
TYCO ELECTRONICS GROUP S.A. |
|
|
|
|
|
|
|
By: |
/s/ Harold G. Barksdale |
|
|
Name: |
Harold G. Barksdale |
|
|
Title: |
Director |
Dated: January 31, 2025
Exhibit 4.1
TYCO ELECTRONICS GROUP S.A.,
as Issuer
AND
TE CONNECTIVITY PLC,
as Parent Guarantor
AND
TE CONNECTIVITY SWITZERLAND LTD.,
as Additional Guarantor
AND
DEUTSCHE BANK TRUST
COMPANY AMERICAS,
as Trustee
AMENDED AND RESTATED INDENTURE
Dated as of January 31, 2025
AMENDING AND RESTATING THE INDENTURE
Dated as of September 25, 2007
UNSUBORDINATED DEBT SECURITIES
TABLE OF CONTENTS
Page
ARTICLE I. |
|
|
|
|
|
|
|
DEFINITIONS |
1 |
|
|
|
|
Section 1.01. |
Definitions of Terms |
1 |
|
|
|
|
ARTICLE II. |
|
|
|
|
|
|
ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES |
8 |
|
|
|
|
Section 2.01. |
Designation and Terms of Securities |
8 |
|
Section 2.02. |
Form of Securities and Trustee’s Certificate |
11 |
|
Section 2.03. |
Denominations; Provisions for Payment |
12 |
|
Section 2.04. |
Execution and Authentications |
13 |
|
Section 2.05. |
Transfer and Exchange |
14 |
|
Section 2.06. |
Temporary Securities |
20 |
|
Section 2.07. |
Mutilated, Destroyed, Lost or Stolen Securities |
21 |
|
Section 2.08. |
Cancellation |
21 |
|
Section 2.09. |
Benefits of Indenture |
22 |
|
Section 2.10. |
Authenticating Agent |
22 |
|
Section 2.11. |
Global Securities |
22 |
|
Section 2.12. |
CUSIP Numbers |
23 |
|
Section 2.13. |
Securities Denominated in Foreign Currencies |
23 |
|
Section 2.14. |
Wire Transfers |
23 |
|
Section 2.15. |
Designated Currency |
23 |
|
Section 2.16. |
Form of Guarantee |
24 |
|
|
|
|
ARTICLE III. |
|
|
|
|
|
|
REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS |
25 |
|
|
|
|
Section 3.01. |
Redemption |
25 |
|
Section 3.02. |
Notice of Redemption |
25 |
|
Section 3.03. |
Payment Upon Redemption |
26 |
|
Section 3.04. |
Sinking Fund |
26 |
|
Section 3.05. |
Satisfaction of Sinking Fund Payments with Securities |
27 |
|
Section 3.06. |
Redemption of Securities for Sinking Fund |
27 |
|
|
|
|
ARTICLE IV. |
|
|
|
|
|
|
CERTAIN COVENANTS |
27 |
|
|
|
|
Section 4.01. |
Payment of Principal, Premium and Interest |
27 |
|
Section 4.02. |
Maintenance of Office or Agency |
27 |
|
Section 4.03. |
Paying Agents |
28 |
|
Section 4.04. |
Statement by Officers as to Default |
28 |
|
Section 4.05. |
Appointment to Fill Vacancy in Office of Trustee |
29 |
ARTICLE V. |
|
|
|
|
|
|
SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE |
29 |
|
|
|
|
Section 5.01. |
Company to Furnish Trustee Names and Addresses of Securityholders |
29 |
|
Section 5.02. |
Preservation of Information; Communications with Securityholders |
29 |
|
Section 5.03. |
Reports by the Company |
29 |
|
Section 5.04. |
Reports by the Trustee |
30 |
|
|
|
|
ARTICLE VI. |
|
|
|
|
|
|
REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT |
30 |
|
|
|
|
Section 6.01. |
Events of Default |
30 |
|
Section 6.02. |
Collection of Indebtedness and Suits for Enforcement by Trustee |
32 |
|
Section 6.03. |
Application of Funds Collected |
34 |
|
Section 6.04. |
Limitation on Suits |
34 |
|
Section 6.05. |
Rights and Remedies Cumulative; Delay or Omission not Waiver |
35 |
|
Section 6.06. |
Control by Securityholders |
35 |
|
Section 6.07. |
Undertaking to Pay Costs |
35 |
|
Section 6.08. |
Waiver Of Usury, Stay Or Extension Laws |
36 |
|
|
|
|
ARTICLE VII. |
|
|
|
|
|
|
CONCERNING THE TRUSTEE |
36 |
|
|
|
|
Section 7.01. |
Certain Duties and Responsibilities of Trustee |
36 |
|
Section 7.02. |
Certain Rights of Trustee |
37 |
|
Section 7.03. |
Trustee not Responsible for Recitals or Issuance of Securities |
38 |
|
Section 7.04. |
May Hold Securities |
39 |
|
Section 7.05. |
Funds Held in Trust |
39 |
|
Section 7.06. |
Compensation and Reimbursement |
39 |
|
Section 7.07. |
Reliance on Officer’s Certificate |
40 |
|
Section 7.08. |
Disqualification; Conflicting Interests |
40 |
|
Section 7.09. |
Corporate Trustee Required; Eligibility |
40 |
|
Section 7.10. |
Resignation and Removal; Appointment of Successor |
40 |
|
Section 7.11. |
Acceptance of Appointment By Successor |
41 |
|
Section 7.12. |
Merger, Conversion, Consolidation or Succession to Business |
42 |
|
Section 7.13. |
Preferential Collection of Claims Against the Company |
43 |
|
|
|
|
ARTICLE VIII. |
|
|
|
|
|
|
CONCERNING THE SECURITYHOLDERS |
43 |
|
|
|
|
Section 8.01. |
Evidence of Action by Securityholders |
43 |
|
Section 8.02. |
Proof of Execution by Securityholders |
43 |
|
Section 8.03. |
Who May be Deemed Owners |
44 |
|
Section 8.04. |
Certain Securities Owned by Company Disregarded |
44 |
|
Section 8.05. |
Actions Binding on Future Securityholders |
44 |
ARTICLE IX. |
|
|
|
|
|
|
SUPPLEMENTAL INDENTURES |
45 |
|
|
|
|
Section 9.01. |
Supplemental Indentures Without the Consent of Securityholders |
45 |
|
Section 9.02. |
Supplemental Indentures with Consent of Securityholders |
46 |
|
Section 9.03. |
Effect of Supplemental Indentures |
47 |
|
Section 9.04. |
Securities Affected by Supplemental Indentures |
47 |
|
Section 9.05. |
Execution of Supplemental Indentures |
47 |
|
|
|
|
ARTICLE X. |
|
|
|
|
|
|
SUCCESSOR |
48 |
|
|
|
|
Section 10.01. |
Consolidation, Merger and Sale of Assets |
48 |
|
Section 10.02. |
Successor Person Substituted |
48 |
|
|
|
|
ARTICLE XI. |
|
|
|
|
|
|
SATISFACTION AND DISCHARGE |
49 |
|
|
|
|
Section 11.01. |
Applicability of Article |
49 |
|
Section 11.02. |
Satisfaction and Discharge of Indenture |
49 |
|
Section 11.03. |
Defeasance and Discharge of Obligations; Covenant Defeasance |
49 |
|
Section 11.04. |
Deposited Funds to be Held in Trust |
51 |
|
Section 11.05. |
Payment of Funds Held by Paying Agents |
52 |
|
Section 11.06. |
Repayment to the Company or the Guarantors |
52 |
|
Section 11.07. |
Reinstatement |
52 |
|
|
|
|
ARTICLE XII. |
|
|
|
|
|
|
IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS |
53 |
|
|
|
|
Section 12.01. |
No Recourse |
53 |
|
|
|
|
ARTICLE XIII. |
|
|
|
|
|
|
MISCELLANEOUS PROVISIONS |
53 |
|
|
|
|
Section 13.01. |
Effect on Successors and Assigns |
53 |
|
Section 13.02. |
Actions by Successor |
53 |
|
Section 13.03. |
Notices |
53 |
|
Section 13.04. |
Governing Law |
55 |
|
Section 13.05. |
Treatment of Securities as Debt |
55 |
|
Section 13.06. |
Compliance Certificates and Opinions |
55 |
|
Section 13.07. |
Payments on Business Days |
56 |
|
Section 13.08. |
Conflict with Trust Indenture Act |
56 |
|
Section 13.09. |
Counterparts and Electronic Signatures |
56 |
|
Section 13.10. |
Separability |
56 |
|
Section 13.11. |
No Adverse Interpretation of Other Agreements |
56 |
|
Section 13.12. |
Table of Contents, Headings, Etc |
57 |
|
Section 13.13. |
Consent to Jurisdiction and Service of Process |
57 |
|
Section 13.14. |
Waiver of Jury Trial |
58 |
|
Section 13.15. |
USA Patriot Act |
58 |
ARTICLE XIV. |
|
|
|
|
|
|
ADDITIONAL AMOUNTS; CERTAIN TAX PROVISIONS |
58 |
|
|
|
|
Section 14.01. |
Redemption Upon Changes in Withholding Taxes |
58 |
|
Section 14.02. |
Payment of Additional Amounts |
59 |
|
|
|
|
ARTICLE XV. |
|
|
|
|
|
|
GUARANTEES |
62 |
|
|
|
|
Section 15.01. |
Guarantee |
62 |
|
Section 15.02. |
Execution and Delivery of Guarantee |
63 |
|
Section 15.03. |
Release of Guarantee |
63 |
Cross Reference Table*
Section of Trust Indenture Act of 1939, as amended | |
Section of Indenture |
310(a) | |
7.09 |
310(b) | |
7.08 |
| |
7.10 |
310(c) | |
Inapplicable |
311(a) | |
7.13 |
311(b) | |
7.13 |
311(c) | |
Inapplicable |
312(a) | |
5.01 |
| |
5.02(a) |
312(b) | |
5.02(b) |
312(c) | |
5.02(b) |
313(a) | |
5.04(a) |
313(b) | |
5.04(b) |
313(c) | |
5.04(a) |
| |
5.04(b) |
313(d) | |
5.04(b) |
314(a) | |
5.03 |
314(b) | |
Inapplicable |
314(c) | |
13.06 |
314(d) | |
Inapplicable |
314(e) | |
13.06 |
314(f) | |
Inapplicable |
315(a) | |
7.01 |
315(b) | |
5.04 |
315(c) | |
7.01(a) |
315(d) | |
7.01(b) |
315(e) | |
6.07 |
316(a) | |
6.06, 8.04 |
316(b) | |
6.04 |
316(c) | |
8.01 |
317(a) | |
6.02 |
317(b) | |
4.03 |
318(a) | |
13.08 |
* This Cross-Reference Table does
not constitute part of the Indenture and shall not have any bearing on the interpretation of any of its terms or provisions.
THIS INDENTURE is dated as of January 31,
2025 among TYCO ELECTRONICS GROUP S.A., a Luxembourg company (the “Company”), TE CONNECTIVITY PLC, a public limited
company incorporated under the laws of Ireland (“Parent Guarantor”), TE CONNECTIVITY SWITZERLAND LTD., a Swiss company
(“Additional Guarantor” and, together with Parent Guarantor, the “Guarantors”), and DEUTSCHE BANK
TRUST COMPANY AMERICAS, a New York banking corporation (the “Trustee”).
RECITALS
A. This Indenture
provides for the issuance of unsecured debt securities (the “Securities”), in an unlimited aggregate principal amount
to be issued from time to time in one or more series, to be authenticated by the certificate of the Trustee, and for the issuance of
guarantees of the Securities.
B. This
Indenture is subject to the provisions of the Trust Indenture Act (as defined below) that are deemed to be incorporated into this Indenture
and shall, to the extent applicable, be governed by such provisions.
C. The
parties hereto are parties to the Indenture, initially dated as of September 25, 2007 (as amended and supplemented prior to the date
hereof, the “Original Indenture”), by and among the Company, the Guarantors and the Trustee. This Indenture constitutes
an indenture supplemental to the Original Indenture pursuant to Section 9.01 thereof and amends and restates in full the Original
Indenture prospectively only with respect to the issuance of Securities on or after the date hereof.
D. All
things necessary to make this Indenture a valid agreement, in accordance with its terms, have been done.
NOW, THEREFORE, in consideration of the premises
and the purchase of the Securities by the holders thereof, it is mutually covenanted and agreed as follows for the equal and ratable benefit
of the holders of Securities:
ARTICLE I.
DEFINITIONS
Section 1.01. Definitions
of Terms.
The terms defined in this Section 1.01 (except
as in this Indenture otherwise expressly provided or unless the context otherwise requires) for all purposes of this Indenture and of
any indenture supplemental hereto shall have the respective meanings specified in this Section 1.01 and shall include the plural
as well as the singular. All other terms used in this Indenture that are defined in the Trust Indenture Act or that are by reference in
the Trust Indenture Act defined in the Securities Act of 1933, as amended (the “Securities Act”) (except as herein
otherwise expressly provided or unless the context otherwise requires), shall have the meanings assigned to such terms in the Trust Indenture
Act and in the Securities Act as in force at the date of the execution of this instrument. All accounting terms used herein and not expressly
defined shall have the meanings assigned to such terms in accordance with generally accepted accounting principles, and the term “generally
accepted accounting principles” means such accounting principles as are generally accepted in the United States at the time
of any computation.
“144A Global Security”, with
respect to any series of Securities, means one or more Global Securities, bearing the Private Placement Legend, that will be issued in
an aggregate amount of denominations equal in total to the outstanding principal amount of the Securities of such series sold in global
form in reliance on Rule 144A.
“Additional Amounts” has the
meaning set forth in Section 14.02.
“Additional Guarantor” means
TE Connectivity Switzerland Ltd. until a successor entity shall have become such pursuant to Article X, and thereafter “Additional
Guarantor” shall mean such successor entity.
“Affiliate”, with respect to
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” when used with respect to any specified Person
means the power to direct the management and policies of such Person, directly or indirectly, whether through ownership of voting securities,
by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.
“Applicable Procedures”, with
respect to any transfer or exchange of or for beneficial interests in any Global Security for a series of Securities, means the rules and
procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange at the relevant time.
“Authenticating Agent” means
an authenticating agent with respect to all or any of the series of Securities appointed with respect to all or any series of the Securities
by the Trustee pursuant to Section 2.10.
“Board of Directors” means the
Board of Directors of the Company or any of the Guarantors, as applicable, or any duly authorized committee of such Board of Directors.
“Board Resolution” means a copy
of a resolution certified by the Secretary or an Assistant Secretary of the Company or any of the Guarantors, as applicable, to have been
duly adopted by its Board of Directors and to be in full force and effect on the date of such certification.
“Business Day”, with respect
to any series of Securities, means any day other than Saturday, Sunday or a day on which Federal or State banking institutions in the
Borough of Manhattan, The City of New York, or in the city where the office or agency for payment on the Securities is maintained pursuant
to Section 4.02, are authorized or obligated by law, executive order or regulation to close.
“Capital Stock” of any Person
means any and all shares, interests, participations, rights in or other equivalents (however designated) of such Person’s capital
stock, other equity interests whether now outstanding or issued after the date of this Indenture, partnership interests (whether general
or limited), any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or
distributions of assets of, the issuing Person and any rights (other than debt securities convertible into Capital Stock), warrants or
options exchangeable for or convertible into such Capital Stock.
“Clearstream” means Clearstream
Banking S.A., or its successors.
“Commission” means the Securities
and Exchange Commission.
“Company” means Tyco Electronics
Group S.A. until a successor entity shall have become such pursuant to Article X, and thereafter “Company” shall mean
such successor entity.
“Corporate Trust Office” means
the office of the Trustee at which, at any particular time, its corporate trust business shall be principally administered, which office
at the date hereof is located at One Columbus Circle Floor 4S, New York, NY 10019.
“Currency” means Dollars or
Foreign Currency.
“Default” means any event, act
or condition that with notice or lapse of time, or both, would constitute an Event of Default.
“Defaulted Interest” has the
meaning set forth in Section 2.03.
“Definitive Security” means
a certificated Security registered in the name of the Securityholder thereof and issued in accordance with Section 2.05.
“Depositary” means, with respect
to Securities of any series which the Company shall determine will be issued in whole or in part as a Global Security, The Depository
Trust Company (“DTC”), New York, New York, another clearing agency, or any successor registered as a clearing agency
under the Exchange Act, and any other applicable U.S. or foreign statute or regulation, which, in each case, shall be designated by the
Company pursuant to Section 2.01.
“Designated Currency” has the
meaning set forth in Section 2.15.
“Distribution Compliance Period”
means the restricted period as defined in Rule 903(b)(3) under the Securities Act.
“Dollar” or “$”
means such currency of the United States as at the time of payment is legal tender for the payment of public and private debts.
“Dollar Equivalent” means, with
respect to any monetary amount in a Foreign Currency, at any time for the determination thereof, the amount of Dollars obtained by converting
such Foreign Currency involved in such computation into Dollars at the spot rate for the purchase of Dollars with the applicable Foreign
Currency as quoted by JP Morgan Chase Bank, N.A. (unless another comparable financial institution is designated by the Company) in New
York, New York, at approximately 11:00 a.m. (New York time) on the date two business days prior to such determination.
“Euroclear” means Euroclear
Bank S.A./N.V., or its successor, as operator of the Euroclear System.
“Event of Default” means, with
respect to Securities of a particular series, any event specified in Section 6.01, continued for the period of time, if any, therein
designated.
“Exchange Act” means the Securities
Exchange Act of 1934, as amended.
“Foreign Currency” means a currency
issued by the government of any country other than the United States or a composite currency the value of which is determined by reference
to the values of the currencies of any group of countries.
“Global Security” means, with
respect to any series of Securities, a Security executed by the Company and delivered by the Trustee to the Depositary or pursuant to
the Depositary’s instruction, all in accordance with this Indenture, which shall be registered in the name of the Depositary or
its nominee.
“Governmental Obligations” means,
except as otherwise provided pursuant to Section 2.01, securities that are (i) direct obligations of the United States or, with
respect to Euro denominated securities, the Federal Republic of Germany for the payment of which its full faith and credit is pledged
or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States or, with
respect to Euro denominated securities, the Federal Republic of Germany, the payment of which is unconditionally guaranteed as a full
faith and credit obligation by the United States or, with respect to Euro denominated securities, the Federal Republic of Germany that,
in either case, are not callable or redeemable at the option of the issuer thereof, and shall also include a depositary receipt issued
by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any such Governmental Obligation
or a specific payment of principal of or interest on any such Governmental Obligation held by such custodian for the account of the holder
of such depositary receipt; provided, however, that (except as required by law) such custodian is not authorized to make any deduction
from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the Governmental
Obligation or the specific payment of principal of or interest on the Governmental Obligation evidenced by such depositary receipt.
“Guarantee” means the joint
and several, unconditional and unsubordinated guarantee by each of the Guarantors of the due and punctual payment of principal of and
interest on a series of Securities when and as the same shall become due and payable, whether at the stated maturity, by acceleration,
call for redemption or otherwise in accordance with the terms of the Securities and this Indenture. For the avoidance of doubt, the Guarantee
provided by the Additional Guarantor shall constitute a joint and several Guarantee of the Company’s obligations under the Indenture
and shall not constitute a guarantee of the Parent Guarantor’s obligations under its Guarantee.
“Guarantors” has the meaning
set forth in the preamble.
“herein,” “hereof”
and “hereunder,” and other words of similar import, refer to this Indenture as a whole and not to any particular Article,
Section or other subdivision.
“including” means including
without limitation.
“Indenture” means this instrument
as originally executed or as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered
into in accordance with the terms hereof.
“Indirect Participant” means
any entity that, with respect to DTC, clears through or maintains a direct or indirect, custodial relationship with a Participant.
“Institutional Accredited Investor”
means an institution that is an “accredited investor” as defined in Rule 501(a)(1), (2), (3) or (7) under the
Securities Act, who is not also a QIB.
“Interest Payment Date” means,
when used with respect to any installment of interest on a Security of a particular series, the date specified herein, in such Security
or in a Board Resolution or in an indenture supplemental hereto with respect to such series as the fixed date on which an installment
of interest with respect to Securities of that series is due and payable.
“Officer” means any managing
director, the chairman or any vice chairman of the Board of Directors, the chief executive officer, the president, the chief financial
officer, any vice president, the treasurer, any assistant treasurer, the secretary or any assistant secretary of the Company or any of
the Guarantors, as the case may be.
“Officer’s Certificate”
means a certificate, signed by any managing director or by the chairman or any vice chairman of the Board of Directors, or the chief executive
officer, president, chief financial officer or vice president or the secretary or any assistant secretary or the treasurer or any assistant
treasurer of the Company or any of the Guarantors, as the case may be, that is delivered to the Trustee in accordance with the terms hereof.
Each such certificate shall include the statements provided for in Section 13.06, if and to the extent required by the provisions
thereof.
“Opinion of Counsel” means an
opinion in writing of legal counsel, who may be an Officer or employee of or counsel for the Company or any of the Guarantors that is
delivered to the Trustee in accordance with the terms hereof. Each such opinion shall include the statements provided for in Section 13.06,
if and to the extent required by the provisions thereof.
“Original Issue Discount Security”
means a Security that provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration
of the maturity thereof pursuant to Section 6.01.
“Outstanding”, when used with
reference to Securities of any series, subject to the provisions of Section 8.04, means, as of any particular time, all Securities
of such series authenticated and delivered by the Trustee under this Indenture, except
(a) Securities
theretofore canceled by the Trustee or delivered to the Trustee for cancellation;
(b) Securities,
or portions thereof, for the payment or redemption of which funds in the necessary amount shall have been deposited in trust with the
Trustee or with any paying agent other than the Company, or, if the Company shall act as its own paying agent, shall have been set aside,
segregated and held in trust by the Company for the Holders of such Securities, provided that if such Securities, or portions thereof,
are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given as herein provided, or provision satisfactory
to the Trustee shall have been made for giving such notice; and
(c) Securities
in substitution for which other Securities shall have been authenticated and delivered, or which shall have been paid, pursuant to the
terms of Section 2.07, except with respect to any such Security as to which proof satisfactory to the Trustee is presented that such
Security is held by a person in whose hands such Security is a legal, valid and binding obligation of the Company.
In determining whether the holders of the requisite
principal amount of Outstanding Securities of any series have given any request, demand, authorization, direction, notice, consent or
waiver hereunder, the principal amount of an Original Issue Discount Security that shall be deemed to be Outstanding for such purposes
shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon a declaration of
acceleration of the maturity thereof pursuant to Section 6.01 and the principal amount of a Security denominated in one or more currencies
that shall be deemed to be Outstanding for such purposes shall be based on the Dollar Equivalent on the date of original issuance of such
Security, of the principal amount of such Security.
“Parent Guarantor” means TE
Connectivity plc until a successor entity shall have become such pursuant to Article X, and thereafter “Parent Guarantor”
shall mean such successor entity.
“Participant” means, with respect
to the Depositary, Euroclear or Clearstream, a Person who has an account with the Depositary, Euroclear or Clearstream, respectively (and,
with respect to DTC, shall include Euroclear and Clearstream).
“Periodic Offering” means an
offering of Securities of a series from time to time, during which any or all of the specific terms of the Securities, including the rate
or rates of interest, if any, thereon, the maturity or maturities thereof and the redemption provisions, if any, with respect thereto,
are to be determined by the Company or its agents upon the issuance of such Securities in accordance with the terms of the relevant Supplemental
Indenture.
“Person” means any individual,
corporation, limited liability company, partnership, joint venture, joint-stock company, unincorporated organization or government or
any agency or political subdivision thereof.
“Predecessor Security” of any
particular Security means every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security;
and, for the purposes of this definition, any Security authenticated and delivered under Section 2.07 in lieu of a lost, destroyed
or stolen Security shall be deemed to evidence the same debt as the lost, destroyed or stolen Security.
“Private Placement Legend” means
the legend set forth in Section 2.02(b) to be placed on all Restricted Securities issued under this Indenture or pursuant to
a Board Resolution or an indenture supplemental hereto with respect to a series of Securities, except where specifically stated otherwise
by the provisions of this Indenture, such Board Resolution or such supplemental indenture.
“QIB” means a “qualified
institutional buyer” as defined in Rule 144A.
“Regulation S Global Security”
means, with respect to any series of Securities, a Regulation S Temporary Global Security of such series, if required by Rule 903
of Regulation S, or a Regulation S Permanent Global Security of such series, as the case may be.
“Regulation S Permanent Global Security”
means, with respect to any series of Securities, one or more permanent Global Securities, bearing the Private Placement Legend, that will
be issued in an aggregate amount of denominations equal in total to the outstanding principal amount of the Securities of such series
initially sold or, if required by Rule 903 of Regulation S, of the Regulation S Temporary Global Security of such series upon expiration
of the Distribution Compliance Period with respect to such series, as the case may be.
“Regulation S Temporary Global Security”
means, with respect to any series of Securities, one or more temporary Global Securities, bearing the Private Placement Legend, and the
Regulation S Temporary Global Security Legend issued in an aggregate amount of denominations equal in total to the outstanding principal
amount of the Securities of such series initially sold, if required by Rule 903 of Regulation S.
“Regulation S Temporary Global Security
Legend” means the legend set forth in Section 2.02(d), which is required to be placed on all Regulation S Temporary Global
Securities issued under this Indenture.
“Regulation S” means Regulation
S promulgated under the Securities Act, as it may be amended from time to time, and any successor provision thereto.
“Responsible Officer” means
any vice president, any trust officer, any assistant trust officer, any assistant vice president, any assistant treasurer, or any other
officer of the Trustee customarily performing functions similar to those performed by the Persons who at the time shall be such officers,
respectively, or to whom any corporate trust matter is referred because of his knowledge of and familiarity with the particular subject.
“Restricted Definitive Security”
means, with respect to any series of Securities, one or more Definitive Securities of such series bearing the Private Placement Legend
issued under this Indenture.
“Restricted Global Security”
means, with respect to any series of Securities, one or more Global Securities of such series bearing the Private Placement Legend, issued
under this Indenture.
“Restricted Security” means,
with respect to any series of Securities, a Security of such series, unless or until it has been (i) effectively registered under
the Securities Act and disposed of in accordance with a registration statement with respect to such series or (ii) distributed to
the public pursuant to Rule 144 under the Securities Act (or any similar provision then in force).
“Rule 144A” means Rule 144A
promulgated under the Securities Act, as it may be amended from time to time, and any successor provision thereto.
“Securities” means the securities
authenticated and delivered under this Indenture.
“Securityholder,” “Holder,”
“holder of Securities,” “registered holder,” or other similar term, means the Person or Persons
in whose name or names a particular Security shall be registered on the books of the Company kept for that purpose in accordance with
the terms of this Indenture.
“Security Register” has the
meaning set forth in Section 2.05(a).
“Security Registrar” has the
meaning set forth in Section 2.05(a).
“Stated Maturity” means, with
respect to any Security, the date specified in such security as the fixed date on which the payment of principal of such security is due
and payable, including pursuant to any mandatory redemption provision (but excluding any provision providing for the repurchase of such
security at the option of the holder thereof upon the happening of any contingency beyond the control of the issuer unless such contingency
has occurred).
“Subsidiary” means, with respect
to any Person, any other Person of which at least a majority of the outstanding Voting Stock at the time is owned or controlled directly
or indirectly by such Person or by one or more Subsidiaries of such Person or by such Person and one or more Subsidiaries of such Person.
“Taxes” has the meaning set
forth in Section 14.02.
“Taxing Jurisdiction” has the
meaning set forth in Section 14.01.
“Trustee” means Deutsche Bank
Trust Company Americas and, subject to the provisions of Article VII, shall include its successors and assigns. The term “Trustee”
as used with respect to a particular series of the Securities shall mean the trustee with respect to that series.
“Trust Indenture Act” means
the Trust Indenture Act of 1939, as amended, as in effect at the date of execution of this instrument subject to the provisions of Sections
9.01, 9.02, and 10.01.
“Unrestricted Definitive Security”
means, with respect to any series of Securities, one or more Definitive Securities representing such series of Securities that do not
bear and are not required to bear the Private Placement Legend, issued under this Indenture.
“Unrestricted Global Security”
means, with respect to any series of Securities, one or more permanent Global Securities representing such series of Securities that do
not bear and are not required to bear the Private Placement Legend, issued under this Indenture.
“Unrestricted Securities” means,
with respect to any series of Securities, a Security (i) effectively registered under the Securities Act and disposed of in accordance
with a registration statement with respect to such series or (ii) distributed to the public pursuant to Rule 144 under the Securities
Act (or any similar provision then in force).
“Voting Stock” of a Person means
Capital Stock of such Person of the class or classes pursuant to which the holders thereof have the general voting power under ordinary
circumstances to elect at least a majority of the board of directors, managers or trustees of such Person, irrespective of whether or
not at the time Capital Stock of any other class or classes shall have or might have voting power by reason of the happening of any contingency.
ARTICLE II.
ISSUE,
DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND
EXCHANGE OF SECURITIES
Section 2.01. Designation
and Terms of Securities.
(a) The
aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may
be issued in one or more series up to the aggregate principal amount of Securities of that series from time to time authorized by or pursuant
to a Board Resolution of the Company or pursuant to one or more indentures supplemental hereto. Prior to the initial issuance of Securities
of any series, there shall be established in or pursuant to a Board Resolution of the Company, and set forth in an Officer’s Certificate
of the Company, or established in one or more indentures supplemental hereto, with respect to the Securities of the series:
(1) the
title of the Security of the series (which shall distinguish the Securities of the series from all other Securities);
(2) any
limit upon the aggregate principal amount of the Securities of that series that may be authenticated and delivered under this Indenture
(except for Securities authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, other Securities
of that series);
(3) the
date or dates on which the principal and premium, if any, of the Securities of the series is payable;
(4) the
rate or rates (which may be fixed or variable) at which the Securities of the series shall bear interest or the manner of calculation
of such rate or rates, if any (including any procedures to vary or reset such rate or rates), and the basis upon which interest will be
calculated if other than that of a 360 day year of twelve 30-day months;
(5) the
date or dates from which such interest shall accrue, the Interest Payment Dates on which such interest will be payable or the manner of
determination of such Interest Payment Dates, and the record date for the determination of holders to whom interest is payable on any
such Interest Payment Dates;
(6) any
trustees, authenticating agents or paying agents with respect to such series, if different from those set forth in this Indenture;
(7) the
right, if any, to extend the interest payment periods or defer the payment of interest and the duration of such extension or deferral;
(8) the
period or periods within which, the price or prices at which and the terms and conditions upon which, Securities of the series may be
redeemed, in whole or in part, at the option of the Company;
(9) the
obligation, if any, of the Company to redeem, purchase or repay Securities of the series pursuant to any sinking fund or analogous provisions
(including payments made in cash in anticipation of future sinking fund obligations) or at the option of a holder thereof and the period
or periods within which, the price or prices at which, and the terms and conditions upon which, Securities of the series shall be redeemed,
purchased or repaid, in whole or in part, pursuant to such obligation;
(10) the
form of the Securities of the series including the form of the Trustee’s certificate of authentication for such series;
(11) if
other than denominations of $1,000 or any integral multiple thereof, the denominations in which the Securities of the series shall be
issuable;
(12) the
Currency or Currencies in which payment of the principal of, premium, if any, and interest on, Securities of the series shall be payable;
(13) if
the principal amount payable at the Stated Maturity of Securities of the series will not be determinable as of any one or more dates prior
to such Stated Maturity, the amount which will be deemed to be such principal amount as of any such date for any purpose, including the
principal amount thereof which will be due and payable upon any maturity other than the Stated Maturity or which will be deemed to be
Outstanding as of any such date (or, in any such case, the manner in which such deemed principal amount is to be determined);
(14) the
terms of any repurchase or remarketing rights;
(15) if
the Securities of the series shall be issued in whole or in part in the form of a Global Security or Securities, the type of Global Security
to be issued; the terms and conditions, if different from those contained in this Indenture, upon which such Global Security or Securities
may be exchanged in whole or in part for other individual Securities in definitive registered form; the Depositary for such Global
Security or Securities; and the form of any legend or legends to be borne by any such Global Security or Securities in addition to
or in lieu of the legends referred to in Section 2.02;
(16) whether
the Securities of the series will be convertible into or exchangeable for other Securities, common shares or other securities of any kind
of the Company or another obligor, and, if so, the terms and conditions upon which such Securities will be so convertible or exchangeable,
including the initial conversion or exchange price or rate or the method of calculation, how and when the conversion price or exchange
ratio may be adjusted, whether conversion or exchange is mandatory, at the option of the holder or at the Company’s option, the
conversion or exchange period, and any other provision in addition to or in lieu of those described herein;
(17) if
other than the principal amount thereof, the portion of the principal amount of Securities of the series which shall be payable upon declaration
of acceleration of the maturity thereof pursuant to Section 6.01;
(18) any
additional restrictive covenants or Events of Default that will apply to the Securities of the series, or any changes to the restrictive
covenants set forth in Article IV or the Events of Default set forth in Section 6.01 that will apply to the Securities of the
series, which may consist of establishing different terms or provisions from those set forth in Article IV or Section 6.01 or
eliminating any such restrictive covenant or Event of Default with respect to the Securities of the series;
(19) any
provisions granting special rights to holders when a specified event occurs;
(20) if
the amount of principal or any premium or interest on Securities of a series may be determined with reference to an index or pursuant
to a formula, the manner in which such amounts will be determined;
(21) any
special tax implications of the Securities, including provisions for original issue discount securities, if offered;
(22) whether
and upon what terms Securities of a series may be defeased if different from the provisions set forth in this Indenture;
(23) with
regard to the Securities of any series that do not bear interest, the dates for certain required reports to the Trustee;
(24) whether
the Securities of the series will be issued as Unrestricted Securities or Restricted Securities, and, if issued as Restricted Securities,
the rule or regulation promulgated under the Securities Act in reliance on which they will be sold; and
(25) any
and all additional, eliminated or changed terms that shall apply to the Securities of the series, including any terms that may be required
by or advisable under United States laws or regulations (including the Securities Act and the rules and regulations promulgated thereunder)
or advisable in connection with the marketing of Securities of that series.
(b) All
Securities of any one series shall be substantially identical, except that Securities of any particular series may be issued at various
times, in different denominations, with different currency of payments due thereunder, with different dates on which the principal or
any installment of principal is payable, with different rates of interest, if any, or different methods by which rates of interest may
be determined, with different dates from which such interest may accrue or on which such interest may be payable, and with different redemption
dates, and except as may otherwise be provided in or pursuant to any such Board Resolution or in any supplemental indenture. If any of
the terms of the series are established by action taken pursuant to a Board Resolution of the Company, a copy of an appropriate record
of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to
the delivery of the Officer’s Certificate of the Company setting forth the terms of the series. The terms of the Securities of any
series may provide that such Securities shall be authenticated and delivered by the Trustee upon original issuance from time to time upon
written order of persons designated in such Board Resolution or supplemental indenture and that such persons are authorized to determine,
consistent with such Board Resolution or supplemental indenture, such terms and conditions of the Securities of such series.
Section 2.02. Form of
Securities and Trustee’s Certificate.
(a) The
Securities of any series and the Trustee’s certificate of authentication to be borne by such Securities shall be substantially of
the tenor as set forth in an indenture supplemental hereto or as provided in a Board Resolution of the Company and as set forth in an
Officer’s Certificate of the Company and may have such letters, numbers or other marks of identification or designation and such
legends or endorsements printed, lithographed or engraved thereon as the Company may deem appropriate and as are not inconsistent with
the provisions of this Indenture, any Board Resolution or any indenture supplemental hereto, 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 stock exchange on which Securities
of that series may be listed, or to conform to usage.
(b) Each
Restricted Security (and all Restricted Securities issued in exchange therefor or substitution thereof) shall bear a Private Placement
Legend in substantially the following form:
“THIS SECURITY (OR ITS PREDECESSOR) WAS ORIGINALLY
ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE “SECURITIES ACT”). THIS
SECURITY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM.
EACH PURCHASER OF THIS SECURITY IS HEREBY NOTIFIED THAT THE SELLER OF THIS SECURITY MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS
OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER.
THE HOLDER OF THIS SECURITY AGREES FOR THE BENEFIT OF THE
COMPANY THAT (A) THIS SECURITY MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (I) IN THE UNITED STATES
TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT)
IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (II) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH
RULE 904 UNDER THE SECURITIES ACT, (III) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144
THEREUNDER (IF AVAILABLE), OR (IV) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES
(I) THROUGH (IV) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER
WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS SECURITY FROM IT OF THE RESALE RESTRICTIONS REFERRED TO
IN (A) ABOVE.”
(c) To
the extent required by the Depositary for particular series of Securities, each Global Security of such series shall bear legends in substantially
the following forms:
“THIS GLOBAL SECURITY IS HELD BY THE DEPOSITARY (AS
DEFINED IN THE INDENTURE GOVERNING THIS SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT
TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE ANY SUCH NOTATIONS HEREON AS MAY BE
REQUIRED PURSUANT TO THE INDENTURE, (II) THIS GLOBAL SECURITY MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.05(C) OF
THE INDENTURE, (III) THIS GLOBAL SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO THE INDENTURE AND (IV) THIS
GLOBAL SECURITY MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY.”
“UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR
SECURITIES IN DEFINITIVE FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY
OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR TO 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 CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED
IN THE NAME OF ANY ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT IS MADE TO SUCH
ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF HAS AN INTEREST HEREIN.”
(d) To
the extent required by the Depositary, each Regulation S Temporary Global Security shall bear a legend in substantially the following
form:
“THE RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY
GLOBAL SECURITY, AND THE CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR DEFINITIVE SECURITIES, ARE AS SPECIFIED IN THE INDENTURE
(AS DEFINED HEREIN).
NEITHER THE HOLDER NOR THE BENEFICIAL OWNERS OF THIS REGULATION
S TEMPORARY SECURITY SHALL BE ENTITLED TO RECEIVE CASH PAYMENTS OF INTEREST DURING THE PERIOD WHICH SUCH HOLDER HOLDS THIS SECURITY. NOTHING
IN THIS LEGEND SHALL BE DEEMED TO PREVENT INTEREST FROM ACCRUING ON THIS SECURITY.”
Section 2.03. Denominations;
Provisions for Payment.
The Securities shall be issuable as registered
Securities and in the denominations of $1,000 or any integral multiple thereof, subject to Section 2.01(a)(11). The Securities of
a particular series shall bear interest payable on the dates and at the rate specified as provided in Section 2.01 with respect to
that series. The principal of and the interest on the Securities of any series, as well as any premium thereon in case of redemption thereof
prior to maturity, shall be payable in Dollars except as otherwise specified pursuant to Section 2.01(a)(12), at the office or agency
of the Company maintained for that purpose pursuant to Section 4.02. Each Security shall be dated the date of its authentication.
Unless otherwise specified with respect to a series of Securities in accordance with the provisions of Section 2.01(a)(4), interest
on the Securities shall be computed on the basis of a 360-day year composed of twelve 30-day months.
The interest installment on any Security that is
payable, and is punctually paid or duly provided for, on any Interest Payment Date for Securities of that series shall be paid to the
Person in whose name said Security (or one or more Predecessor Securities) is registered at the close of business on the regular record
date for such interest installment. In the event that any Security of a particular series or portion thereof is called for redemption
and the redemption date is subsequent to a regular record date with respect to any Interest Payment Date and prior to such Interest Payment
Date, interest on such Security will be paid upon presentation and surrender of such Security as provided in Section 3.03.
Unless otherwise set forth in a Board Resolution
or one or more indentures supplemental hereto establishing the terms of any series of any Securities pursuant to Section 2.01, the
term “regular record date” as used in this Section 2.03 with respect to a series of Securities shall mean a date 15 days
immediately preceding any Interest Payment Date. Subject to the provisions of this Section 2.03, each Security of a series delivered
under this Indenture upon registration of transfer or in exchange for or in lieu of any other Security of such series shall carry the
rights to interest accrued and unpaid, and to accrue, that were carried by such other Security.
Unless otherwise specified with respect to a series
of Securities in accordance with the provisions of Section 2.01, any interest on any Security that is payable, but is not punctually
paid or duly provided for, on any Interest Payment Date for such Security (“Defaulted Interest”) shall forthwith cease
to be payable to the registered holder on the relevant regular record date, and such Defaulted Interest shall be paid by the Company,
at its election, as provided in clause (1) or clause (2) below.
(1) The
Company may make payment of any Defaulted Interest on Securities to the Persons in whose names such Securities (or their respective Predecessor
Securities) are registered at the close of business on a special record date for the payment of such Defaulted Interest, which shall be
fixed in the following manner: the Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid
on each such Security and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee funds in an
amount equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory
to the Trustee for such deposit prior to the date of the proposed payment, such funds when deposited to be held in trust for the benefit
of the Persons entitled to such Defaulted Interest as provided in this clause (1). Thereupon the Trustee shall fix a special record date
for the payment of such Defaulted Interest which shall not be more than 15 nor less than ten days prior to the date of the proposed payment
and not less than ten days after the receipt by the Trustee of the notice of the proposed payment. The Trustee promptly shall notify the
Company of such special record date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of
such Defaulted Interest and the special record date therefor to be mailed, first class postage prepaid, or in accordance with Applicable
Procedures, to each Securityholder at such Securityholder’s address as it appears in the Security Register, not less than ten days
prior to such special record date. Notice of the proposed payment of such Defaulted Interest and the special record date therefor having
been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names such Securities (or their respective Predecessor
Securities) are registered on such special record date and shall not be payable pursuant to the following clause (2).
(2) The
Company may make payment of any Defaulted Interest on any Securities in any other lawful manner not inconsistent with the requirements
of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange.
Section 2.04. Execution
and Authentications.
The Securities shall be signed on behalf of the
Company by any member of the Board of Directors of the Company or by both (a) its president, chief financial officer or vice president
and (b) its secretary, any assistant secretary, its treasurer or any assistant treasurer. Signatures may be in the form of a manual
or facsimile signature. In the case of Definitive Securities of any series, such signatures may be imprinted or otherwise reproduced on
such Securities. The Securities may contain such notations, legends or endorsements required by law, stock exchange rule or usage.
Each Security shall be dated the date of its authentication by the Trustee.
A Security shall not be valid until authenticated
manually by an authorized signatory of the Trustee or by an Authenticating Agent. Such signature shall be conclusive evidence that the
Security so authenticated has been duly authenticated and delivered hereunder and that the holder is entitled to the benefits of this
Indenture. At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of
any series executed by the Company, with the form of Guarantee thereon executed by each of the Guarantors, to the Trustee for authentication,
together with a written order of the Company for the authentication and delivery of such Securities, signed by an Officer (an “Authentication
Order”), and the Trustee in accordance with such written order shall authenticate and deliver such Securities.
Notwithstanding the provisions of Section 2.01
and the preceding paragraph, in the case of Securities offered in a Periodic Offering, the Trustee shall authenticate and deliver such
Securities from time to time in accordance with instructions or such other procedures acceptable to the Trustee as may be specified by
or pursuant to a supplemental indenture or the written order of the Company delivered to the Trustee prior to the time of the first authentication
of Securities of such series. With respect to Securities of a series subject to a Periodic Offering, the Trustee may conclusively rely,
as to the authorization by the Company of any of such Securities, the forms and terms thereof and the legality, validity, binding effect
and enforceability thereof, upon the written order of the Company, Opinion of Counsel, Officer’s Certificate and other documents
delivered pursuant to this Section 2.04 at or prior to the time of the first authentication of Securities of such series unless and
until such written order, Opinion of Counsel, Officer’s Certificate or other documents have been superseded or revoked or expire
by their terms.
Section 2.05. Transfer
and Exchange.
(a) Registration
of Transfer and Exchange. The Company shall keep, or cause to be kept, at its office or agency designated for such purpose as provided
in Section 4.02, a register or registers (the “Security Register”) in which, subject to such reasonable regulations
as it may prescribe, the Company shall register the Securities and the transfers of Securities as provided in this Article II and
which at all reasonable times shall be open for inspection by the Trustee. The registrar for the purpose of registering Securities and
the transfer of Securities as herein provided shall be appointed as authorized by Board Resolution (the “Security Registrar”).
If the Company fails to appoint or maintain another entity as Security Registrar, the Trustee shall act as such. The Company or any of
its Subsidiaries may act as Security Registrar.
To permit registrations of transfers and exchanges,
the Company shall execute a new Security or Securities of the same series as the Security presented for a like aggregate principal amount
and in authorized denominations, each of the Guarantors shall execute the form of Guarantee or Guarantees thereon, and the Trustee shall
authenticate and deliver such Security or Securities upon receipt of an Authentication Order. The Trustee shall not be required to register
the transfer of or exchange any Security selected for redemption in whole or in part, except the unredeemed portion of any Security being
redeemed in part.
All Securities issued upon any registration of
transfer or exchange of Securities shall be the valid obligations of the Company and each Guarantor, evidencing the same indebtedness,
and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange.
Prior to such due presentment for the registration of a transfer of any Security, the Trustee, the Company, any paying agent and the Security
Registrar may deem and treat the Person in whose name any Security is registered as the absolute owner of such Security for the purpose
of receiving payment of principal of and interest on such Securities and for all other purposes, and none of the Trustee, the Company,
the paying agent or the Security Registrar shall be affected by notice to the contrary.
All certifications, certificates and opinions of
counsel required to be submitted to the Trustee pursuant to this Section 2.05 to effect a registration of transfer or exchange may
be submitted by facsimile, PDF or other electronic transmission.
(b) Service
Charge. No service charge shall be payable by a holder of a beneficial interest in a Global Security or by a Holder of a Definitive
Security for any exchange or registration of transfer of Securities, or for any issue of new Securities in case of partial redemption
of any series, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge in relation thereto
(other than any such taxes or other governmental charge payable upon exchange or registration of transfer pursuant to Sections 2.06, 3.03(b) and
9.04).
(c) Transfer
and Exchange of Global Securities. A Global Security may not be transferred except as a whole by the Depositary for a series of the
Securities to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or to another nominee of such Depositary
or by such Depositary or any such nominee to a successor Depositary for a series of the Securities or a nominee of such successor Depositary.
If at any time the Depositary for a series of the Securities notifies the Company that it is unwilling or unable to continue as Depositary
for such series or if at any time the Depositary for such series shall no longer be registered or in good standing under the Exchange
Act or other applicable statute or regulation, and a successor Depositary for such series is not appointed by the Company within 90 days
after the Company receives such notice or becomes aware of such condition, the provisions of Section 2.11 shall no longer be applicable
to the Securities of such series. In addition, the Company may at any time determine that the Securities of any series shall no longer
be represented by a Global Security and that the provisions of Section 2.11 shall no longer apply to the Securities of such series.
In either such event the Company will execute the Definitive Securities of such series, in authorized denominations, and in an aggregate
principal amount equal to the principal amount of the Global Security of such series, and each of the Guarantors will execute the form
of Guarantees thereon, and subject to this Section 2.05 the Trustee, upon receipt of an Officer’s Certificate evidencing such
determination by the Company, if applicable, will authenticate and deliver such Definitive Securities in exchange for such Global Security.
Upon the exchange of the Global Security of such series for such Definitive Securities of such series, the Global Security shall be canceled
by the Trustee. Such Definitive Securities shall be registered in such names and in such authorized denominations as the Depositary, pursuant
to instructions from its Participants or Indirect Participants or otherwise, shall in writing instruct the Trustee. The Trustee shall
deliver such Securities to the Depositary for delivery to the Persons in whose names such Securities are so registered.
Except as provided in Sections 2.06 and 2.07, a
Global Security may not be exchanged for another Security other than as provided in this Section 2.05(c); however, beneficial
interests in a Global Security may be transferred and exchanged as provided in Section 2.05(d) or (e). The provisions of this
Section 2.05(c) are subject to Section 2.11.
(d) Transfer
and Exchange of Beneficial Interests in the Global Securities. The transfer and exchange of beneficial interests in the Global Securities
of a series shall be effected through the Depositary, in accordance with the provisions of this Indenture, any Board Resolution and any
one or more indentures supplemental hereto, and the Applicable Procedures. Beneficial interests in the Restricted Global Securities of
a series shall be subject to restrictions on transfer comparable to those set forth herein to the extent required by the Securities Act.
Transfers of beneficial interests in the Global Securities also shall require compliance with either subparagraph (1) or (2) below,
as applicable, as well as one or more of the other following subparagraphs, as applicable:
(1) Transfer
of Beneficial Interests in the Same Global Security. Beneficial interests in any Restricted Global Security of a series may be transferred
to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Security in accordance with the
transfer restrictions set forth in the Private Placement Legend. Beneficial interests in any Unrestricted Global Security of a series
may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Security of such
series. Subject to Section 2.05(e)(4), no written orders or instructions shall be required to be delivered to the Security Registrar
to effect the transfers described in this Section 2.05(d)(1).
(2) All
Other Transfers and Exchanges of Beneficial Interests in Global Securities. In connection with all transfers and exchanges of beneficial
interests that are not subject to Section 2.05(d)(1) above, the transferor of such beneficial interest must deliver to the Security
Registrar, as applicable, either:
(A)(1) an order from a Participant
or an Indirect Participant given to the Depositary in accordance with the relevant Applicable Procedures directing the Depositary to credit
or cause to be credited a beneficial interest in another Global Security of such series in an amount equal to the beneficial interest
to be transferred or exchanged and (2) instructions given in accordance with the relevant Applicable Procedures containing information
regarding the Participant account to be credited with such increase; or
(B)(1) an order from a Participant
or an Indirect Participant given to the Depositary in accordance with the relevant Applicable Procedures directing the Depositary to cause
to be issued a Definitive Security of such series in an amount equal to the beneficial interest to be transferred or exchanged and (2) instructions
given by the Depositary to the Security Registrar containing information regarding the Person in whose name such Definitive Security shall
be registered to effect the transfer or exchange referred to in (B)(1) above;
provided that in no event shall Definitive Securities of a series be
issued upon the transfer or exchange of beneficial interests in the Regulation S Temporary Global Security of such series prior to (y) the
expiration of the relevant Distribution Compliance Period and (z) the receipt by the Security Registrar of any certificates identified
by the Company or its counsel to be required pursuant to Rule 903 and Rule 904 under the Securities Act. Upon satisfaction of
all the requirements for transfer and exchange of beneficial interests in Global Securities of a series contained in this Indenture, any
Board Resolution, or one or more indentures supplemental hereto and the Securities of such series or otherwise applicable under the Securities
Act, the Trustee shall adjust the principal amount of the relevant Global Security or Securities of such series pursuant to Section 2.05(h).
(3) Transfer
of Beneficial Interests to Another Restricted Global Security. A beneficial interest in any Restricted Global Security of a series
may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Security of
the same series if the transfer complies with the requirements of Section 2.05(d)(2) and the Security Registrar receives a completed
certificate in the form of Exhibit A.
(4) Transfer
and Exchange of Beneficial Interests in a Restricted Global Security for Beneficial Interests in an Unrestricted Global Security.
A beneficial interest in any Restricted Global Security of any series may be exchanged by any holder thereof for a beneficial interest
in an Unrestricted Global Security of such series or transferred to a Person who takes delivery thereof in the form of a beneficial interest
in an Unrestricted Global Security of such series if the exchange or transfer complies with the requirements of Section 2.05(d)(2) above
and the Security Registrar receives a completed certificate from such holder in the form of Exhibit A or Exhibit B, as applicable,
and an opinion of counsel in form, and from legal counsel, reasonably acceptable to the Security Registrar and the Company to the effect
that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in
the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act.
If any such transfer is effected at a time when
an Unrestricted Global Security of such series has not yet been issued, the Company shall issue and, upon receipt of an Authentication
Order in accordance with Section 2.04, the Trustee shall authenticate one or more Unrestricted Global Securities of such series in
an aggregate principal amount equal to the aggregate principal amount of beneficial interests so transferred. Beneficial interests in
an Unrestricted Global Security of a series cannot be exchanged for, or transferred to Persons who take delivery thereof in the form of,
a beneficial interest in a Restricted Global Security of such series.
(e) Transfer
or Exchange of Beneficial Interests for Definitive Securities.
(1) Beneficial
Interests in Restricted Global Securities to Restricted Definitive Securities. If any holder of a beneficial interest in a Restricted
Global Security of a series proposes to exchange such beneficial interest for a Restricted Definitive Security of such series or to transfer
such beneficial interest to a Person who takes delivery thereof in the form of a Restricted Definitive Security of such series, then,
upon receipt by the Security Registrar of a completed certificate from such holder in the form of Exhibit A or Exhibit B, as
applicable, and certificates and opinions of counsel, if applicable, the Trustee shall cause the aggregate principal amount of the applicable
Restricted Global Security of such series to be reduced accordingly pursuant to Section 2.05(h), and the Company shall execute a
Restricted Definitive Security of such series in the appropriate principal amount, and each of the Guarantors shall execute the form of
Guarantee thereon, and, upon receipt of an Authentication Order pursuant to Section 2.04, the Trustee shall authenticate and deliver
to the Person designated in the instructions such Restricted Definitive Security. Any Restricted Definitive Security of such series issued
in exchange for a beneficial interest in a Restricted Global Security of such series pursuant to this Section 2.05(e) shall
be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall
instruct the Security Registrar through instructions from the Depositary for such series and the Participant or Indirect Participant.
The Trustee shall deliver such Restricted Definitive Securities of such series to the Persons in whose names such Securities are so registered.
Any Restricted Definitive Security of such series issued in exchange for a beneficial interest in a Restricted Global Security of such
series pursuant to this Section 2.05(e)(1) shall bear the Private Placement Legend and shall be subject to all restrictions
on transfer contained therein.
(2) Beneficial
Interests in Restricted Global Securities to Unrestricted Definitive Securities. A holder of a beneficial interest in a Restricted
Global Security of a series may exchange such beneficial interest for an Unrestricted Definitive Security of such series or may transfer
such beneficial interest to a Person who takes delivery thereof in the form of an Unrestricted Definitive Security of such series only
if the Security Registrar receives a completed certificate from such holder in the form of Exhibit A or Exhibit B, as applicable,
and an opinion of counsel in form, and from legal counsel, reasonably acceptable to the Security Registrar and the Company to the effect
that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in
the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act.
(3) Beneficial
Interests in Unrestricted Global Securities to Unrestricted Definitive Securities. If any holder of a beneficial interest in an Unrestricted
Global Security of a series proposes to exchange such beneficial interest for an Unrestricted Definitive Security of such series or to
transfer such beneficial interest to a Person who takes delivery thereof in the form of an Unrestricted Definitive Security of such series,
then, upon satisfaction of the conditions set forth in Section 2.05(d)(2), the Trustee shall cause the aggregate principal amount
of the applicable Unrestricted Global Security of such series to be reduced accordingly pursuant to Section 2.05(h), and the Company
shall execute an Unrestricted Definitive Security of such series in the appropriate principal amount, and each of the Guarantors shall
execute the form of Guarantee thereon, and, upon receipt of an Authentication Order in accordance with Section 2.04, the Trustee
shall authenticate and deliver to the Person designated in the instructions such Unrestricted Definitive Security. Any Unrestricted Definitive
Security issued in exchange for a beneficial interest pursuant to this Section 2.05(e)(3) shall be registered in such name or
names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Security Registrar
through instructions from the Depositary for such series and the Participant or Indirect Participant. The Trustee shall deliver such Unrestricted
Definitive Securities to the Persons in whose names such Securities are so registered. Any Unrestricted Definitive Security issued in
exchange for a beneficial interest pursuant to this Section 2.05(e)(3) shall not bear the Private Placement Legend.
(4) Transfer
or Exchange of Regulation S Temporary Global Securities. Notwithstanding the other provisions of this Section 2.05, a beneficial
interest in the Regulation S Temporary Global Security of a series may not be (A) exchanged for a Definitive Security of such series
prior to (y) the expiration of the Distribution Compliance Period with respect to such series (unless such exchange is effected by
the Company, does not require an investment decision on the part of the Holder thereof and does not violate the provisions of Regulation
S) and (z) the receipt by the Security Registrar of any certificates identified by the Company or its counsel to be required pursuant
to Rule 903(b)(3)(ii)(B) under the Securities Act or (B) transferred to a U.S. person (as such term is defined in Regulation
S) or for the account or benefit of a U.S. person (other than an initial purchaser of such Regulation S Temporary Global Security) or
a Person who takes delivery thereof in the form of a Definitive Security of such series prior to the events set forth in clause (A) above
or unless the transfer is pursuant to an exemption from the registration requirements of the Securities Act other than Rule 903 or
904.
(f) Transfer
and Exchange of Definitive Securities for Beneficial Interests.
(1) Restricted
Definitive Securities to Beneficial Interests in Restricted Global Securities. If any Holder of a Restricted Definitive Security of
a series proposes to exchange such Security for a beneficial interest in a Restricted Global Security of such series or to transfer such
Restricted Definitive Securities of such series to a Person who takes delivery thereof in the form of a beneficial interest in a Restricted
Global Security of such series, then, upon receipt by the Trustee of the following documentation:
(A) if
the Holder of such Restricted Definitive Security of such series proposes to exchange such Security for a beneficial interest in a Restricted
Global Security of such series, a completed certificate from such holder in the form of Exhibit B; or
(B) if
such Restricted Definitive Security is being transferred to a QIB in accordance with Rule 144A under the Securities Act or to a non-U.S.
person in an offshore transaction in accordance with Rule 903 or 904 under the Securities Act, a completed certificate to that effect
set forth in Exhibit A,
the Trustee shall cancel the Restricted Definitive Security of such
series, increase or cause to be increased the aggregate principal amount of, in the case of clause (A) above, the appropriate Restricted
Global Security of such series and, in the case of clause (B) above, the 144A Global Security of such series or the Regulation S
Global Security of such series as applicable.
(2) Restricted
Definitive Securities to Beneficial Interests in Unrestricted Global Securities. A Holder of a Restricted Definitive Security of a
series may exchange such Security for a beneficial interest in an Unrestricted Global Security of such series or transfer such Restricted
Definitive Security of such series to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global
Security of such series only if the Security Registrar receives a completed certificate from such Holder in the form of Exhibit A
or Exhibit B, as applicable, and an opinion of counsel in form, and from legal counsel, reasonably acceptable to the Security Registrar
and the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer
contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. Upon
satisfaction of the conditions of any of the subparagraphs in this Section 2.05(f)(2), the Trustee shall cancel the Restricted Definitive
Securities of such series so transferred or exchanged and increase or cause to be increased the aggregate principal amount of the Unrestricted
Global Security of such series.
(3) Unrestricted
Definitive Securities to Beneficial Interests in Unrestricted Global Securities. A Holder of an Unrestricted Definitive Security of
a series may exchange such Security for a beneficial interest in an Unrestricted Global Security of such series or transfer such Definitive
Securities of such series to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Security
of such series at any time. Upon receipt of a written request for such an exchange or transfer, the Trustee shall cancel the applicable
Unrestricted Definitive Security and increase or cause or be increased the aggregate principal amount of one of the Unrestricted Global
Securities of such series. If any such exchange or transfer from a Definitive Security of a series to a beneficial interest is effected
pursuant to subparagraphs (2) or (3) of this Section 2.05(f) at a time when an Unrestricted Global Security of such
series has not yet been issued, the Company shall issue and, upon receipt of an Authentication Order in accordance with Section 2.04,
the Trustee shall authenticate one or more Unrestricted Global Securities of such series in an aggregate principal amount equal to the
principal amount of Definitive Securities of such series so transferred.
(g) Transfer
and Exchange of Definitive Securities for Definitive Securities. Upon written request by a Holder of Definitive Securities of a series
and such Holder’s compliance with the provisions of this Section 2.05(g), the Trustee shall register the transfer or exchange
of Definitive Securities of such series pursuant to the provisions of Section 2.05(a). In addition to the requirements set forth
in Section 2.05(a), the requesting Holder shall provide any additional certifications, documents, and information, as applicable,
required pursuant to the following provisions of this Section 2.05(g).
(1) Restricted
Definitive Securities to Restricted Definitive Securities. Any Restricted Definitive Security of a series may be transferred to and
registered in the name of Persons who take delivery thereof in the form of a Restricted Definitive Security of such series if the Trustee
receives a completed certificate in the form of Exhibit A, including the certifications, certificates and opinions of counsel required
by item (3) thereof, if applicable.
(2) Restricted
Definitive Securities to Unrestricted Definitive Securities. Any Restricted Definitive Security of a series may be exchanged by the
Holder thereof for an Unrestricted Definitive Security of such series or transferred to a Person or Persons who take delivery thereof
in the form of an Unrestricted Definitive Security of such series if the Security Registrar receives a completed certificate from such
Holder in the form of Exhibit A or Exhibit B, as applicable and an opinion of counsel in form, and from legal counsel, reasonably
acceptable to the Trustee and the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that
the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance
with the Securities Act.
(3) Unrestricted
Definitive Securities to Unrestricted Definitive Securities. A Holder of Unrestricted Definitive Securities of a series may transfer
such Securities to a Person who takes delivery thereof in the form of an Unrestricted Definitive Security of such series in accordance
with subsection 2.05(a). Upon receipt of a request to register such a transfer, the Security Registrar shall register the Unrestricted
Definitive Securities of such series pursuant to the instructions from the Holder thereof.
(h) Cancellation
and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security of a series have
been exchanged for Definitive Securities of such series or a particular Global Security of a series has been redeemed, repurchased or
cancelled in whole and not in part, each such Global Security of such series shall be returned to or retained and cancelled by the Trustee
in accordance with Section 2.08. At any time prior to such cancellation, if any beneficial interest in a Global Security of such
series is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global
Security of such series or for Definitive Securities of such series, the principal amount of Securities of such series represented by
such Global Security shall be reduced accordingly and an endorsement may be made on such Global Security by the Trustee or by the Depositary
at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to
a Person who will take delivery thereof in the form of a beneficial interest in another Global Security of such series, such other Global
Security shall be increased accordingly and an endorsement may be made on such Global Security by the Trustee or by the Depositary at
the direction of the Trustee to reflect such increase.
(i) No
Exchange or Transfer. The Company shall not be required (i) to issue, exchange or register the transfer of any Securities during
a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of less than all the Outstanding
Securities of the same series and ending at the close of business on the day of such mailing, (ii) to register the transfer of or
exchange any Securities of any series or portions thereof called for redemption, nor (iii) to register the transfer of or exchange
a Security of any series between the applicable record date pursuant to Section 2.01(a)(5) and the next succeeding Interest
Payment Date.
Section 2.06. Temporary
Securities.
Pending the preparation of definitive Securities
of any series, the Company may execute temporary Securities (printed, lithographed or typewritten) of any authorized denomination, and
each Guarantor shall execute the Guarantees thereon, and the Trustee shall authenticate and deliver such Securities. Such temporary Securities
shall be substantially in the form of the definitive Securities in lieu of which they are issued, but with such omissions, insertions
and variations as may be appropriate for temporary Securities, all as may be determined by the Company. Every temporary Security of any
series shall be executed by the Company, with the form of Guarantee thereon executed by each Guarantor, and be authenticated by the Trustee
upon the same conditions and in substantially the same manner, and with like effect, as the definitive Securities of such series. Without
unnecessary delay the Company will execute, and if applicable each Guarantor will endorse, and will furnish definitive Securities of such
series and thereupon any or all temporary Securities of such series may be surrendered in exchange therefor without charge to the holders,
at the office or agency of the Company maintained pursuant to Section 4.02 for the purpose of exchanges of Securities of such series,
and the Trustee shall authenticate and such office or agency shall deliver in exchange for such temporary Securities an equal aggregate
principal amount of definitive Securities of such series, unless the Company advises the Trustee to the effect that definitive Securities
need not be executed and furnished until further notice from the Company. Until so exchanged, temporary Securities of any series shall
in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series authenticated and delivered
hereunder.
Section 2.07. Mutilated,
Destroyed, Lost or Stolen Securities.
In case any temporary or definitive Security shall
become mutilated or be destroyed, lost or stolen, the Company (subject to the next succeeding sentence) shall execute a new Security of
the same series, bearing a number not contemporaneously outstanding in exchange and substitution for the mutilated Security, or in lieu
of and in substitution for the Security so destroyed, lost or stolen, and each Guarantor shall execute the form of Guarantee thereon,
and upon the Company’s written request the Trustee (subject to the next succeeding sentence) shall authenticate and deliver, such
Security. In every case the applicant for a substituted Security shall furnish to the Company and the Trustee such security or indemnity
as may be required by them to save each of them harmless, and, in every case of destruction, loss or theft, the applicant shall also furnish
to the Company and the Trustee evidence to their satisfaction of the destruction, loss or theft of the applicant’s Security and
of the ownership thereof. The Trustee may authenticate any such substituted Security and deliver the same upon the written request or
authorization of any Officer. Upon the issuance of any substituted Security, the Company 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 Trustee) connected therewith. In case any Security that has matured or is about to mature shall become mutilated or be destroyed,
lost or stolen, the Company, instead of issuing a substitute Security, may pay or authorize the payment of the same (without surrender
thereof except in the case of a mutilated Security) if the applicant for such payment shall furnish to the Company and the Trustee such
security or indemnity as they may require to save them harmless, and, in case of destruction, loss or theft, evidence to the satisfaction
of the Company and the Trustee of the destruction, loss or theft of such Security and of the ownership thereof.
Every replacement Security issued pursuant to the
provisions of this Section 2.07 shall constitute an additional contractual obligation of the Company whether or not the mutilated,
destroyed, lost or stolen Security shall be found at any time, or be enforceable by anyone, and shall be entitled to all the benefits
of this Indenture equally and proportionately with any and all other Securities of the same series duly issued hereunder. All Securities
shall be held and owned upon the express condition that the foregoing provisions are exclusive with respect to the replacement or payment
of mutilated, destroyed, lost or stolen Securities, and shall preclude (to the extent lawful) any and all other rights or remedies, notwithstanding
any law or statute existing or hereafter enacted to the contrary with respect to the replacement or payment of negotiable instruments
or other securities without their surrender.
Section 2.08. Cancellation.
All Securities surrendered for the purpose of payment,
redemption, exchange or registration of transfer, if surrendered to the Company or any paying agent, shall be delivered to the Trustee
for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued in lieu thereof except
as expressly required or permitted by any of the provisions of this Indenture. On written request of the Company at the time of such surrender,
the Trustee shall deliver to the Company canceled Securities held by the Trustee. If the Company shall otherwise acquire any of the Securities,
however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless
and until the same are delivered to the Trustee for cancellation.
Section 2.09. Benefits
of Indenture.
Nothing in this Indenture or in the Securities,
express or implied, shall give or be construed to give to any Person, other than the parties hereto and the holders of the Securities,
any legal or equitable right, remedy or claim under or in respect of this Indenture, or under any covenant, condition or provision herein
contained; all such covenants, conditions and provisions being for the sole benefit of the parties hereto and of the holders of the
Securities.
Section 2.10. Authenticating
Agent.
So long as any of the Securities of any series
remain Outstanding, there may be an Authenticating Agent for any or all such series of Securities which the Trustee shall have the right
to appoint. The Authenticating Agent shall be authorized to act on behalf of the Trustee to authenticate Securities of such series, including
Securities issued upon exchange, registration of transfer or partial redemption thereof, and Securities so authenticated shall be entitled
to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. All
references in this Indenture to the authentication of Securities by the Trustee shall be deemed to include authentication by an Authenticating
Agent for such series. Each Authenticating Agent shall be acceptable to the Company and shall be a corporation that has a combined capital
and surplus, as most recently reported or determined by it, sufficient under the laws of any jurisdiction under which it is organized
or in which it is doing business to conduct a trust business, and that is otherwise authorized under such laws to conduct such business
and is subject to supervision or examination by Federal or State authorities. If at any time any Authenticating Agent shall cease to be
eligible in accordance with these provisions, it shall resign immediately. Any Authenticating Agent may resign at any time by giving written
notice of resignation to the Trustee and to the Company. The Trustee at any time may, and upon request by the Company shall, terminate
the agency of any Authenticating Agent by giving written notice of termination to such Authenticating Agent and to the Company. Upon resignation,
termination or cessation of eligibility of any Authenticating Agent, the Trustee may appoint an eligible successor Authenticating Agent
acceptable to the Company. Any successor Authenticating Agent, upon acceptance of its appointment hereunder, shall become vested with
all the rights, powers and duties of its predecessor hereunder as if originally named as an Authenticating Agent pursuant hereto.
Section 2.11. Global
Securities.
(a) General.
If the Company shall establish pursuant to Section 2.01 that the Securities of a particular series are to be issued as a Global Security,
then the Company shall execute one or more Global Securities that (i) shall represent, and shall be denominated in an amount equal
to the aggregate principal amount of, all of the Outstanding Securities of such series, (ii) shall be registered in the name of the
Depositary or its nominee and (iii) shall be delivered to the Trustee as custodian for the Depositary or otherwise delivered pursuant
to the Depositary’s instructions, and each Guarantor shall execute the Guarantee or Guarantees thereon, and the Trustee in accordance
with Section 2.04 shall authenticate such Global Security or Global Securities.
(b) Euroclear
and Clearstream Procedures Applicable. The provisions of the “Operating Procedures of the Euroclear System” and the “Terms
and Conditions Governing Use of Euroclear” and the “General Terms and Conditions” and “Customer Handbook”
of Clearstream, respectively, in effect at the relevant time shall be applicable to transfers of beneficial interests in the Regulation
S Global Securities of such series that are held by Participants through Euroclear or Clearstream.
Section 2.12. CUSIP
Numbers.
The Company in issuing the Securities of a series
may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices
of redemption as a convenience to Securityholders; provided that any such notice may state that no representation is made as to the
correctness of such numbers either as printed on the Securities or as contained in any notice of a redemption and that reliance may be
placed only on the other identification numbers printed on the Securities, and any such redemption shall not be affected by any defect
in or omission of such numbers. The Company will promptly notify the Trustee in writing of any change in the “CUSIP” numbers.
Section 2.13. Securities
Denominated in Foreign Currencies.
Except as otherwise specified pursuant to Section 2.01
for Securities of any series, payment of the principal of, premium, if any, and interest on, Securities of such series denominated in
any Foreign Currency will be made in such Foreign Currency.
In the event any Foreign Currency or Currencies
in which any payment with respect to any series of Securities may be made ceases to be a freely convertible Currency on United States
Currency markets, for any date thereafter on which payment of principal of, premium, if any, or interest on the Securities of a series
is due, the Company shall select the Currency of payment for use on such date, all as provided in the Securities of such series, in a
Board Resolution or in one or more indentures supplemental hereto. In such event, the Company shall notify the Trustee of the Currency
which it has selected to constitute the funds necessary to meet the Company’s obligations on such payment date and of the amount
of such Currency to be paid. Such amount shall be determined as provided in the Securities of such series, in a Board Resolution or in
one or more indentures supplemental hereto. The payment with respect to such payment date shall be deposited with the Trustee by the Company
solely in the Currency so selected.
Section 2.14. Wire
Transfers.
Notwithstanding any other provision to the contrary
in this Indenture, the Company may make any payment required to be deposited with the Trustee on account of principal of, premium, if
any, or interest on, the Securities by any method of wire transfer to an account designated in writing by the Trustee such that funds
are available on or before the date such payment is to be made to the Holders of the Securities in accordance with the terms hereof.
Section 2.15. Designated
Currency.
The Company may provide pursuant to Section 2.01
for Securities of any series that:
(a) the
obligation, if any, of the Company to pay the principal of, premium, if any, and interest on the Securities of any series in a Foreign
Currency or Dollars (the “Designated Currency”) as may be specified pursuant to Section 2.01(a)(12) is of the
essence and agree that, to the fullest extent possible under applicable law, judgments in respect of Securities of such series shall be
given in the Designated Currency;
(b) the
obligation of the Company to make payments in the Designated Currency of the principal of, premium, if any, and interest on such Securities
shall be discharged, notwithstanding any payment in any other Currency (whether pursuant to a judgment or otherwise), only to the extent
of the amount in the Designated Currency that the Securityholder receiving such payment, in accordance with normal banking procedures,
may purchase with the amount paid in such other Currency after any premium and cost of exchange on the business day in the country of
issue of the Designated Currency or in the international banking community immediately following the day on which such Securityholder
receives such payment;
(c) if
the amount in the Designated Currency that may be so purchased for any reason falls short of the amount originally due, the Company shall
pay such additional amounts as may be necessary to compensate for such shortfall; and
(d) any
obligation of the Company not discharged by such payment shall be due as a separate and independent obligation and, until discharged as
provided herein, shall continue in full force and effect.
Section 2.16. Form of
Guarantee.
The form of Guarantee shall be set forth on the
applicable series of Securities substantially as follows:
GUARANTEE
For value received, TE CONNECTIVITY PLC and TE
CONNECTIVITY SWITZERLAND LTD. hereby jointly and severally, absolutely, unconditionally and irrevocably guarantee to the holder of this
Security the payment of principal of, premium, if any, and interest on, the Security upon which this Guarantee is set forth in the amounts
and at the time when due and payable whether by declaration thereof, or otherwise, and interest on the overdue principal and interest,
if any, of such Security, if lawful, to the holder of such Security and the Trustee on behalf of the Holders, all in accordance with and
subject to the terms and limitations of such Security and Article XV of the Indenture. For the avoidance of doubt, the Guarantee
provided by TE CONNECTIVITY SWITZERLAND LTD. shall constitute a joint and several Guarantee of TYCO ELECTRONICS GROUP S.A.’s obligations
under the Indenture and shall not constitute a guarantee of TE CONNECTIVITY PLC’s obligations under its Guarantee. This Guarantee
will not become effective until the Trustee or Authenticating Agent duly executes the certificate of authentication on this Security.
This Guarantee shall be governed by and construed in accordance with the laws of the State of New York, without regard to conflict of
law principles thereof.
Dated:
|
TE CONNECTIVITY PLC |
|
|
|
|
|
By: |
|
|
|
Name: |
|
|
Title: |
|
|
|
|
|
TE CONNECTIVITY SWITZERLAND LTD. |
|
|
|
|
|
By: |
|
|
|
Name: |
|
|
Title: |
ARTICLE III.
REDEMPTION
OF SECURITIES AND SINKING FUND PROVISIONS
Section 3.01. Redemption.
The Company may redeem the Securities of any series
issued hereunder on and after the dates and in accordance with the terms established for such series pursuant to Section 2.01 or
14.01.
Section 3.02. Notice
of Redemption.
(a) If
the Company desires to exercise such right to redeem all or, as the case may be, a portion of the Securities of any series, the Company
shall, or shall instruct the Trustee in writing to, give notice of such redemption to holders of the Securities of such series to be redeemed
by mailing, first class postage prepaid, or in accordance with Applicable Procedures a notice of such redemption not less than 10 days
and not more than 90 days before the date fixed for redemption of that series to such holders at their last addresses as they shall appear
upon the Security Register (unless a shorter period is specified in the Securities to be redeemed). Any notice that is delivered in the
manner herein provided shall be conclusively presumed to have been duly given, whether or not the registered holder receives the notice.
In any case, failure duly to give such notice to the holder of any Security of any series designated for redemption in whole or in part,
or any defect in the notice, shall not affect the validity of the proceedings for the redemption of any other Securities of such series
or any other series. In the case of any redemption of Securities prior to the expiration of any restriction on such redemption provided
in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officer’s Certificate
evidencing compliance with any such restriction.
Each such notice of redemption shall specify the
date fixed for redemption and the redemption price at which Securities of that series are to be redeemed, and shall state that: (i) payment
of the redemption price of such Securities to be redeemed will be made at the office or agency of the Company maintained for such purpose,
or, if none, at the Corporate Trust Office of the Trustee, upon presentation and surrender of such Securities; (ii) interest
accrued to the date fixed for redemption will be paid as specified in said notice; (iii) from and after said date interest will
cease to accrue; and (iv) the redemption is for a sinking fund, if such is the case. If less than all the Securities of a series
are to be redeemed, the notice to the holders of Securities of that series to be redeemed in whole or in part shall specify the particular
Securities to be so redeemed. In case any Security is to be redeemed in part only, the notice that relates to such Security shall state
the portion of the principal amount thereof to be redeemed, and shall state that on and after the redemption date, upon surrender of such
Security, a new Security or Securities of such series in principal amount equal to the unredeemed portion thereof will be issued.
(b) If
all or less than all the Securities of a series are to be redeemed, the Company shall give the Trustee at least 12 days’ written
notice (unless a shorter period shall be satisfactory to the Trustee) in advance of the date fixed for redemption as to the aggregate
principal amount of Securities of the series to be redeemed. If less than all the Securities are to be redeemed, the Trustee thereupon
shall select from Securities of such series Outstanding not previously called for redemption, in accordance with a method determined by
the Company (in such manner as complies with applicable legal and stock exchange requirements, if any) and that may provide for the selection
of a portion or portions (equal to $1,000 or any integral multiple thereof) of the principal amount of such Securities of such series
of a denomination larger than $1,000, the Securities of such series to be redeemed. The Trustee promptly shall notify the Company in writing
of the numbers of the Securities of such series to be redeemed, in whole or in part.
The Company, if and whenever it shall so elect,
by delivery of instructions signed on its behalf by any of its Officers, may instruct the Trustee or any paying agent to call all or any
part of the Securities of a particular series for redemption and to give notice of redemption in the manner set forth in this Section 3.02,
such notice to be in the name of the Company or its own name, as the Trustee or such paying agent may deem advisable. In any case in which
notice of redemption is to be given by the Trustee or any such paying agent, the Company shall deliver or cause to be delivered to, or
permit to remain with, the Trustee or such paying agent, as the case may be, such Security Register, transfer books or other records,
or suitable copies or extracts therefrom, sufficient to enable the Trustee or such paying agent to give any notice by mail that may be
required under the provisions of this Section 3.02.
Section 3.03. Payment
Upon Redemption.
(a) If
the giving of notice of redemption shall have been completed as above provided, the Securities or portions of Securities of the series
to be redeemed specified in such notice shall become due and payable on the date and at the place stated in such notice at the applicable
redemption price, together with interest accrued to the date fixed for redemption, in each case as established pursuant to Section 2.01
or 14.01. Interest on such Securities or portions of Securities shall cease to accrue on and after the date fixed for redemption, unless
the Company shall default in the payment of such redemption price and accrued interest with respect to any such Security or portion thereof.
On presentation and surrender of such Securities on or after the date fixed for redemption at the place of payment specified in the notice,
such Securities shall be paid and redeemed at the applicable redemption price for such series, together with interest accrued thereon
to the date fixed for redemption (but if the date fixed for redemption is an Interest Payment Date, the interest installment payable on
such date shall be payable to the registered holder at the close of business on the applicable record date pursuant to Section 2.01).
(b) Upon
presentation of any Security of such series that is to be redeemed in part only, the Company shall execute a new Security of the same
series and tenor of authorized denominations in principal amount equal to the unredeemed portion of the Security so presented, and each
Guarantor shall execute the form of Guarantee thereon, and the Trustee shall authenticate, and the office or agency where the Security
is presented shall deliver to the holder thereof, at the expense of the Company, such Security; except that if a Global Security
is so surrendered, the Company shall execute a new Global Security of like tenor in a denomination equal to and in exchange for the unredeemed
portion of the principal of the Global Security so surrendered, and each Guarantor shall execute the form of Guarantee thereon, and, upon
receipt of an Officer’s Certificate requesting authentication and delivery, the Trustee shall authenticate and deliver to the Depositary
for such Global Security, without service charge, such Global Security.
Section 3.04. Sinking
Fund.
The provisions of Sections 3.04, 3.05 and 3.06
shall be applicable to any sinking fund for the retirement of Securities of a series, except as otherwise specified as contemplated by
Section 2.01 for Securities of such series.
The minimum amount of any sinking fund payment
provided for by the terms of Securities of any series is referred to as a “mandatory sinking fund payment,” and any payment
in excess of such minimum amount provided for by the terms of Securities of any series is referred to as an “optional sinking fund
payment.” If provided for by the terms of Securities of any series, the cash amount of any sinking fund payment may be subject to
reduction as provided in Section 3.05. Each sinking fund payment shall be applied to the redemption of Securities of any series as
provided for by the terms of Securities of such series.
Section 3.05. Satisfaction
of Sinking Fund Payments with Securities.
The Company (i) may deliver Outstanding Securities
of a series (other than any Securities previously called for redemption) and (ii) may apply as a credit Securities of a series that
have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted
optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any sinking
fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities, provided that
such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at
the redemption price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking
fund payment shall be reduced accordingly.
Section 3.06. Redemption
of Securities for Sinking Fund.
Not less than 30 days prior to each sinking fund
payment date for any series of Securities, the Company will deliver to the Trustee an Officer’s Certificate specifying the amount
of the next ensuing sinking fund payment for that series pursuant to the terms of the series, the portion thereof, if any, that is to
be satisfied by payment of cash in the Currency in which the Securities of such series are denominated (except as provided pursuant to
Section 2.01), the portion thereof, if any, that is to be satisfied by delivering and crediting Securities of that series pursuant
to Section 3.05 and the basis for such credit. Together with such Officer’s Certificate, the Company will deliver to the Trustee
any Securities to be so delivered. Not less than 30 days before each such sinking fund payment date the Trustee shall select the Securities
to be redeemed upon such sinking fund payment date in the manner specified in Section 3.02 and cause notice of the redemption thereof
to be given in the name of and at the expense of the Company in the manner provided in Section 3.02. Such notice having been duly
given, the redemption of such Securities shall be made upon the terms and in the manner stated in Section 3.03.
ARTICLE IV.
CERTAIN
COVENANTS
The following covenants shall apply to the Securities,
except with respect to any series of Securities for which the supplemental indenture or resolution of the Board of Directors under which
such series of Securities is issued or in the form of Security for such series expressly provides that any such covenant shall not apply
to such series of Securities:
Section 4.01. Payment
of Principal, Premium and Interest.
The Company will duly and punctually pay or cause
to be paid the principal of, premium, if any, and interest on the Securities of a series at the time and place and in the manner provided
herein and established with respect to such Securities.
Section 4.02. Maintenance
of Office or Agency.
So long as any series of the Securities remain
Outstanding, the Company will maintain for such series an office or agency where Securities of such series may be presented or surrendered
for payment, where Securities of such series may be surrendered for registration of transfer or exchange and where notices and demands
to or upon the Company in respect of the Securities of such series and this Indenture may be given or served. Such designation will continue
with respect to each office or agency until the Company, by written notice signed by any Officer and delivered to the Trustee, shall designate
some other office or agency for such purposes or any of them. If at any time the Company shall fail to maintain any such required office
or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made
or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all presentations,
surrenders, notices and demands. Unless otherwise specified in accordance with Section 2.01 with respect to a series of Securities,
the Company initially designates the Corporate Trust Office of Deutsche Bank Trust Company Americas, One Columbus Circle Floor 4S, New
York, New York 10019, acting as the Company’s agent, as the office to be maintained by it for each such purpose.
Section 4.03. Paying
Agents.
(a) The
Company may appoint one or more paying agents, other than the Trustee, for all or any series of the Securities. If the Company fails to
appoint or maintain another entity as paying agent, the Trustee shall act as such. The Company or any of the Guarantors or any of their
Subsidiaries may act as paying agent.
(b) The
Company shall require each paying agent other than the Trustee to agree in writing that the paying agent will hold in trust for the benefit
of Securityholders or the Trustee all funds held by the paying agent for the payment of principal, premium, if any, or interest on the
Securities, and will promptly notify the Trustee in writing of any default by the Company in making any such payment. While any such default
continues, the Trustee may require a paying agent to pay all funds held by it to the Trustee. The Company at any time may require a paying
agent to pay all funds held by it to the Trustee. Upon payment over to the Trustee, the paying agent (if other than the Company or any
of the Guarantors or any of their Subsidiaries) shall have no further liability for the funds. If the Company or any of the Guarantors
or any of their Subsidiaries acts as paying agent, it shall segregate and hold in a separate trust fund for the benefit of the Securityholders
all funds held by it as paying agent.
(c) Notwithstanding
anything in this Section to the contrary, (i) the agreement to hold funds in trust as provided in this Section 4.03 is
subject to the provisions of Section 11.06, and (ii) the Company at any time, for the purpose of obtaining the satisfaction
and discharge or defeasance of this Indenture or for any other purpose, may pay, or direct any paying agent to pay, to the Trustee all
funds held in trust by the Company or such paying agent, such funds to be held by the Trustee upon the same terms and conditions as those
upon which such funds were held by the Company or such paying agent. Upon such payment by any paying agent to the Trustee, such paying
agent shall be released from all further liability with respect to such funds.
Section 4.04. Statement
by Officers as to Default.
So long as any of the Securities remain outstanding,
the Company and Parent Guarantor will furnish to the Trustee on or before March 31 in each year a brief certificate (which need not
comply with Section 13.06) executed by the principal executive, financial or accounting officer of each of the Company and Parent
Guarantor on their respective behalf as to such person’s knowledge of the Company’s or any of the Parent Guarantor’s,
as the case may be, compliance with all covenants and agreements under this Indenture required to be complied with by the Company and
Parent Guarantor, respectively (such compliance to be determined without regard to any period of grace or requirement of notice provided
under this Indenture). Such certificate need not include a reference to any non-compliance that has been fully cured prior to the date
as of which such certificate speaks.
The Company shall provide written notice to the
Trustee within 30 days of the occurrence of any Event of Default under Section 6.01.
Section 4.05. Appointment
to Fill Vacancy in Office of Trustee.
The Company, whenever necessary to avoid or to
fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 7.10, a Trustee, so that there shall be
at all times a Trustee hereunder.
ARTICLE V.
SECURITYHOLDERS’
LISTS AND REPORTS BY THE COMPANY AND
THE TRUSTEE
Section 5.01. Company
to Furnish Trustee Names and Addresses of Securityholders.
The Company will furnish or cause to be furnished
to the Trustee (a) semi-annually at least seven Business Days before each Interest Payment Date for a series of Securities (and in
all events at intervals of not more than six months) a list, in such form as the Trustee may reasonably require, of the names and addresses
of the holders of each series of Securities as of such date, provided that the Company shall not be obligated to furnish or cause to furnish
such list at any time that the list shall not differ in any respect from the most recent list furnished to the Trustee by the Company
and (b) at such other times as the Trustee may require in writing within 30 days after the receipt by the Company of any such request,
a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; provided, however,
that, in either case, no such list need be furnished for any series for which the Trustee shall be the Security Registrar.
Section 5.02. Preservation
of Information; Communications with Securityholders.
(a) The
Trustee shall preserve, in as current a form as is reasonably practicable, all information as to the names and addresses of the holders
of Securities contained in the most recent list furnished to it as provided in Section 5.01 and as to the names and addresses of
holders of Securities received by the Trustee in its capacity as Security Registrar (if acting in such capacity).
(b) Securityholders
may communicate as provided in Section 312(b) of the Trust Indenture Act with other Securityholders with respect to their rights
under this Indenture or under the Securities.
Section 5.03. Reports
by the Company.
(a) So
long as any Securities are outstanding, the Company shall file with the Trustee, within 15 days after Parent Guarantor files with the
Commission, copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the
foregoing as the Commission may from time to time by rules and regulations prescribe) that Parent Guarantor may be required to file
with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act. The Company shall be deemed to have complied
with the previous sentence to the extent that such information, documents and reports are filed with the Commission via EDGAR (or any
successor electronic delivery procedure) or posted on Parent Guarantor’s website.
(b) Delivery
of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall
not constitute constructive notice of any information contained therein or determinable from information contained therein, including
the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s
Certificates).
Section 5.04. Reports
by the Trustee.
(a) Any
Trustee’s report required under Section 313(a) of the Trust Indenture Act shall be transmitted on or before July 15
in each year following the date hereof, so long as any Securities are outstanding hereunder, and shall be dated as of a date convenient
to the Trustee no more than 60 nor less than 45 days prior thereto.
(b) A
copy of each such report shall, at the time of such transmission to Securityholders, be filed by the Trustee with the Company, with any
stock exchange upon which any Securities are listed and with the Commission. The Company agrees to notify the Trustee when any Securities
become listed on any stock exchange or delisted therefrom.
ARTICLE VI.
REMEDIES
OF THE TRUSTEE AND SECURITYHOLDERS ON
EVENT OF DEFAULT
Section 6.01. Events
of Default.
(a) Whenever
used herein with respect to Securities of a particular series, “Event of Default” means any one or more of the following
events that has occurred and is continuing, except with respect to any series of Securities for which the supplemental indenture or resolution
of the Board of Directors under which such series of Securities is issued or in the form of Security for such series expressly provides
that any such Event of Default shall not apply to such series of Securities:
(1) default
in the payment of any installment of interest upon any of the Securities of such series as and when the same shall become due and payable,
and continuance of such default for a period of 30 days; or
(2) default
in the payment of all or any part of the principal of or premium, if any, on any of the Securities of such series as and when the same
shall become due and payable either at maturity, upon redemption, by declaration or otherwise; or
(3) default
in the payment of any sinking fund installment as and when the same shall become due and payable by the terms of the Securities of such
series; or
(4) default
in the performance, or breach, of any covenant or agreement of the Company or any of the Guarantors in respect of the Securities of such
series and the related Guarantee (other than (x) the failure to comply with any covenant or agreement contained in Section 314(a)(1) of
the Trust Indenture Act or Section 5.03(a) or (y) a default or breach that is specifically dealt with elsewhere in this
Section 6.01), and continuance of such default or breach for a period of 90 days after the date on which there has been given, by
registered or certified mail, to the Company and each of the Guarantors by the Trustee or to the Company, each of the Guarantors and the
Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of such series, a written notice specifying such
default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or
(5) the
Guarantee with respect to the Securities of such series shall for any reason cease to be, or shall for any reason be asserted in writing
by the Company or any of the Guarantors not to be, in full force and effect and enforceable in accordance with its terms except to the
extent contemplated by this Indenture and such Guarantee; or
(6) a
court having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company or any of the Guarantors
in an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver,
liquidator, assignee, custodian, trustee or sequestrator (or similar official) of the Company or any of the Guarantors or for any substantial
part of its property or ordering the winding up or liquidation of its affairs, and such decree or order shall remain unstayed and in effect
for a period of 90 consecutive days; or
(7) the
Company or any of the Guarantors shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now
or hereafter in effect, or consent to the entry of an order for relief in an involuntary case under any such law, or consent to the appointment
of or taking possession by a receiver, liquidator, assignee, custodian, trustee or sequestrator (or similar official) of the Company or
any of the Guarantors or for any substantial part of its property, or make any general assignment for the benefit of creditors; or
(8) any
other Event of Default provided in the supplemental indenture or resolution of the Board of Directors under which such series of Securities
is issued or in the form of Security for such series.
Any failure to perform, or breach of, any covenant
or agreement of the Company or any of the Guarantors in respect of the Securities of such series and contained in Section 314(a)(1) of
the Trust Indenture Act or Section 5.03(a) shall not be a default or an Event of Default. Remedies against the Company and each
of the Guarantors for any such failure or breach will be limited to liquidated damages as described in the following sentence, and Holders
shall not have any right to accelerate the maturity of the Securities of such series as a result of any such failure or breach. Instead,
if there is such a failure or breach of the Company’s or any Guarantor’s obligation under Section 314(a)(1) of the
Trust Indenture Act or Section 5.03(a) and continuance of such failure or breach for a period of 90 days after the date on which
there has been given, by registered or certified mail, to the Company and each of the Guarantors by the Trustee or to the Company, each
of the Guarantors and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of such series, a written
notice specifying such failure or breach and requiring it to be remedied and stating that such notice is a “Notice of Reporting
Noncompliance” hereunder, the Company will pay liquidated damages to all Holders of Securities of such series, at a rate per year
equal to 0.25% of the principal amount of such Securities from the 90th day following such notice to and including the 150th day following
such notice and at a rate per year equal to 0.5% of the principal amount of such Securities from and including the 151st day following
such notice, until such failure or breach is cured. Any such liquidated damages shall be payable in the same manner and on the same dates
as the stated interest payable on the Securities of such series. In the event that the Company is required to pay such liquidated damages,
the Company shall provide a written notice to the Trustee (and if the Trustee is not the paying agent, the paying agent) no later then
five Business Days prior to the payment date for the payment of such liquidated damages setting forth the amount of such liquidated damages
to be paid by the Company on such payment date and directing the Trustee (or, if the Trustee is not the paying agent, the paying agent)
to make such payment to the extent it receives funds from the Company to do so. The Trustee shall not at any time be under any duty or
responsibility to any holder of Securities to determine whether such liquidated damages are payable, or with respect to the nature, extent
or calculation of the amount of liquidated damages owed.
(b) In
each and every such case, unless the principal of all the Securities of that series shall have already become due and payable, either
the Trustee or the holders of not less than 25% in aggregate principal amount of the Securities of that series then Outstanding hereunder,
by notice in writing to the Company and each of the Guarantors (and to the Trustee if given by such Securityholders), may declare the
unpaid principal of all the Securities of that series to be due and payable immediately, and upon any such declaration the same shall
become and shall be immediately due and payable, notwithstanding anything contained in this Indenture or in the Securities of that series
or established with respect to that series pursuant to Section 2.01 to the contrary.
(c) At
any time after the principal of the Securities of that series shall have been so declared due and payable, and before any judgment or
decree for the payment of the amount due shall have been obtained or entered as hereinafter provided, the holders of a majority in aggregate
principal amount of the Securities of that series then Outstanding hereunder, by written notice to the Company, each of the Guarantors
and the Trustee, may rescind and annul such declaration and its consequences if: (i) the Company has or has caused to be paid or
deposited with the Trustee an amount sufficient to pay all matured installments of interest upon all the Securities of that series and
the principal of and premium, if any, on any and all Securities of that series that shall have become due otherwise than by acceleration
(with interest upon such principal and premium, if any, and, to the extent that such payment is enforceable under applicable law, upon
overdue installments of interest, at the rate expressed in the Securities of that series to the date of such payment or deposit), and
(ii) any and all Events of Default under this Indenture with respect to such series, other than the nonpayment of principal on Securities
of that series that shall not have become due by their terms, shall have been remedied or waived as provided in Section 6.06.
No such rescission and annulment shall extend to
or shall affect any subsequent default or impair any right consequent thereon.
(d) In
case the Trustee shall have proceeded to enforce any right with respect to Securities of that series under this Indenture and such proceedings
shall have been discontinued or abandoned because of such rescission or annulment or for any other reason or shall have been determined
adversely to the Trustee, then and in every such case the Company and the Trustee shall be restored respectively to their former positions
and rights hereunder, and all rights, remedies and powers of the Company and the Trustee shall continue as though no such proceedings
had been taken.
(e) The
Trustee shall give to the Securityholders of any series, as the names and addresses of such Holders appear on the Security Register, notice
by mail of all defaults known to the Trustee that have occurred with respect to such series, such notice to be transmitted within 90 days
after the occurrence thereof, unless such defaults shall have been cured before the giving of such notice (the term “default”
or “defaults” for the purposes of this Section 6.01(e) being hereby defined to mean any event or condition
which is, or with notice or lapse of time or both would become, an Event of Default); provided that, except in the case of default
in the payment of the principal of, premium, if any, or interest on any of the Securities of such series, or in the payment of any sinking
or purchase fund installment with respect to the Securities of such series, the Trustee shall be protected in withholding such notice
if and so long as the board of directors, the executive committee, or a trust committee of directors or trustees and/or Responsible Officers
in good faith determines that the withholding of such notice is in the interests of the Securityholders of such series.
Section 6.02. Collection
of Indebtedness and Suits for Enforcement by Trustee.
(a) The
Company covenants that (i) in case it shall default in the payment of any installment of interest on any of the Securities of a series,
or any payment required by any sinking or analogous fund established with respect to that series as and when the same shall have become
due and payable, and such default shall have continued for a period of 30 days, or (ii) in case it shall default in the payment of
the principal of, or premium, if any, on any of the Securities of a series when the same shall have become due and payable, whether upon
maturity of the Securities of a series or upon redemption or upon declaration or otherwise, then, upon demand of the Trustee, the Company
will pay to the Trustee, for the benefit of the holders of the Securities of that series, the whole amount that then shall have been become
due and payable on all such Securities for principal, premium, if any, or interest, or both, with interest upon the overdue principal,
premium, if any, and (to the extent that payment of such interest is enforceable under applicable law) upon overdue installments of interest
at the rate expressed in the Securities of that series; and, in addition thereto, such further amount as shall be sufficient to cover
the costs and expenses of collection, and the amount payable to the Trustee under Section 7.06.
(b) If
the Company shall fail to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust,
shall be entitled and empowered to institute any action or proceedings at law or in equity for the collection of the amounts so due and
unpaid, and may prosecute any such action or proceeding to judgment or final decree, and may enforce any such judgment or final decree
against the Company or any of the Guarantors and collect the amounts adjudged or decreed to be payable in the manner provided by law out
of the property of the Company or any of the Guarantors, wherever situated.
(c) In
case of any receivership, insolvency, liquidation, bankruptcy, reorganization, readjustment, arrangement, composition or judicial proceedings
affecting the Company or any of the Guarantors or its respective creditors or property, the Trustee shall have power to intervene in such
proceedings and take any action therein that may be permitted by the court and, except as otherwise provided by law, shall be entitled
to file such proofs of claim and other papers and documents as may be necessary or advisable in order to have the claims of the Trustee
and of the holders of Securities of such series allowed for the entire amount due and payable by the Company under this Indenture at the
date of institution of such proceedings and for any additional amount that may become due and payable by the Company after such date,
and to collect and receive any funds or other property payable or deliverable on any such claim, and to distribute the same in accordance
with Section 6.03. Any receiver, assignee or trustee in bankruptcy or reorganization is hereby authorized by each of the holders
of Securities of such series to make such payments to the Trustee, and, in the event that the Trustee shall consent to the making of such
payments directly to such Securityholders, to pay to the Trustee any amount due it under Section 7.06.
(d) All
rights of action and of asserting claims under this Indenture, or under any of the terms established with respect to Securities of that
series, may be enforced by the Trustee without the possession of any of such Securities, or the production thereof at any trial or other
proceeding relative thereto. Any such suit or proceeding instituted by the Trustee shall be brought in its own name as trustee of an express
trust, and any recovery of judgment shall, after provision for payment to the Trustee of any amounts due under Section 7.06, be for
the ratable benefit of the holders of the Securities of such series.
In case of an Event of Default, the Trustee in
its discretion may proceed to protect and enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as
the Trustee shall deem most effectual to protect and enforce any of such rights, either at law or in equity or in bankruptcy or otherwise,
whether for the specific enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise of any power granted
in this Indenture, or to enforce any other legal or equitable right vested in the Trustee by this Indenture or by law.
Nothing contained herein shall be deemed to authorize
the Trustee to authorize or consent to or accept or adopt on behalf of any Securityholder any plan of reorganization, arrangement, adjustment
or composition affecting the Securities of that series or the rights of any holder thereof or to authorize the Trustee to vote in respect
of the claim of any Securityholder in any such proceeding.
Section 6.03. Application
of Funds Collected.
Any funds collected by the Trustee pursuant to
this Article VI with respect to a particular series of Securities shall be applied in the following order, at the date or dates fixed
by the Trustee and, in case of the distribution of such funds on account of principal, premium, if any, or interest, upon presentation
of the Securities of that series, and notation thereon the payment, if only partially paid, and upon surrender thereof if fully paid:
FIRST: To the payment of costs and expenses of
collection and of all amounts payable to the Trustee under Section 7.06;
SECOND: To the payment of the amounts then due
and unpaid upon Securities of such series for principal, premium, if any, and interest, in respect of which or for the benefit of which
such funds have been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such
Securities for principal, premium, if any, and interest, respectively; and
THIRD: To the Company.
Section 6.04. Limitation
on Suits.
No holder of any Security of any series shall have
any right by virtue or by availing of any provision of this Indenture to institute any suit, action or proceeding in equity or at law
upon or under or with respect to this Indenture or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless
(i) such holder previously shall have given to the Trustee written notice of an Event of Default and of the continuance thereof with
respect to the Securities of such series specifying such Event of Default; (ii) the holders of not less than 25% in aggregate
principal amount of the Securities of such series then Outstanding shall have made written request upon the Trustee to institute such
action, suit or proceeding in its own name as trustee hereunder; (iii) such holder or holders shall have offered to the Trustee
such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby; (iv) the
Trustee for 60 days after its receipt of such notice, request and offer of indemnity, shall have failed to institute any such action,
suit or proceeding; and (v) during such 60 day period, the holders of a majority in principal amount of the Securities of that
series do not give the Trustee a direction inconsistent with the request.
Notwithstanding anything contained herein to the
contrary, any other provisions of this Indenture, the right of any holder of any Security to receive payment of the principal of, and
premium, if any, and interest on such Security, as therein provided, on or after the respective due dates expressed in such Security (or
in the case of redemption, on the redemption date), or to institute suit for the enforcement of any such payment on or after such respective
dates or redemption date, shall not be impaired or affected without the consent of such holder. By accepting a Security hereunder it is
expressly understood, intended and covenanted by the taker and holder of every Security of such series with every other such taker and
holder and the Trustee, that no one or more holders of Securities of such series shall have any right in any manner whatsoever by virtue
or by availing of any provision of this Indenture to affect, disturb or prejudice the rights of the holders of any other of such Securities,
or to obtain or seek to obtain priority over or preference to any other such holder, or to enforce any right under this Indenture, except
in the manner herein provided and for the equal, ratable and common benefit of all holders of Securities of such series. For the protection
and enforcement of the provisions of this Section 6.04, each Securityholder and the Trustee shall be entitled to such relief as can
be given either at law or in equity.
Section 6.05. Rights
and Remedies Cumulative; Delay or Omission not Waiver.
(a) Except
as otherwise provided in Section 2.07, all powers and remedies given by this Article VI to the Trustee or to the Securityholders,
to the extent permitted by law, shall be deemed cumulative and not exclusive of any other powers and remedies available to the Trustee
or the holders of the Securities, by judicial proceedings or otherwise, to enforce the performance or observance of the covenants and
agreements contained in this Indenture or otherwise established with respect to such Securities.
(b) No
delay or omission of the Trustee or of any holder of any of the Securities to exercise any right or power accruing upon any Event of Default
occurring and continuing shall impair any such right or power, or shall be construed to be a waiver of any such default or on acquiescence
therein. Subject to the provisions of Section 6.04, every power and remedy given by this Article VI or by law to the Trustee
or the Securityholders may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Securityholders.
Section 6.06. Control
by Securityholders.
The holders of a majority in aggregate principal
amount of the Securities of any series at the time Outstanding, determined in accordance with Section 8.04, shall have the right
to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power
conferred on the Trustee with respect to such series; provided, however, that such direction shall not be in conflict with any rule of
law or with this Indenture or be unduly prejudicial to the rights of holders of Securities of any other series at the time Outstanding
determined in accordance with Section 8.04. Subject to the provisions of Section 7.01, the Trustee shall have the right to decline
to follow any such direction if the Trustee in good faith, by a Responsible Officer or Responsible Officers of the Trustee, shall determine
that the proceeding so directed would involve the Trustee in personal liability. The holders of a majority in aggregate principal amount
of the Securities of any series at the time Outstanding affected thereby, determined in accordance with Section 8.04, on behalf of
the holders of all of the Securities of such series may waive any past default in the performance of any of the covenants contained herein
or established pursuant to Section 2.01 with respect to such series and its consequences, except a default in the payment of the
principal of, premium, if any, or interest on, any of the Securities of that series as and when the same shall become due by the terms
of such Securities otherwise than by acceleration (unless such default has been cured and a sum sufficient to pay all matured installments
of interest and principal and any premium has been deposited with the Trustee in accordance with Section 6.01(c). Upon any such waiver,
the default covered thereby shall be deemed to be cured for all purposes of this Indenture and the Company, the Trustee and the holders
of the Securities of such series shall be restored to their former positions and rights hereunder, respectively; but no such waiver
shall extend to any subsequent or other default or impair any right consequent thereon.
Section 6.07. Undertaking
to Pay Costs.
All parties to this Indenture agree, and each holder
of any Securities by such holder’s acceptance thereof shall be deemed to have agreed, that any court may in its discretion require,
in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken or
omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such
court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant
in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions
of this Section 6.07 shall not apply to any suit instituted by the Trustee, to any suit instituted by any Securityholder, or group
of Securityholders, holding more than 10% in aggregate principal amount of the Outstanding Securities of any series, or to any suit instituted
by any Securityholder for the enforcement of the payment of the principal of, premium, if any, or interest on any Security of such series,
on or after the respective due dates expressed in such Security or established pursuant to this Indenture.
Section 6.08. Waiver
Of Usury, Stay Or Extension Laws.
Each of the Company and the Guarantors covenants
(to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take
the benefit or advantage of, any usury, stay or extension law wherever enacted, now or at any time hereafter in force, which may affect
the covenants or the performance of this Indenture; and each of the Company and the Guarantors (to the extent that it may lawfully
do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not, by resort to any such law, hinder,
delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power
as though no such law had been enacted.
ARTICLE VII.
CONCERNING
THE TRUSTEE
Section 7.01. Certain
Duties and Responsibilities of Trustee.
(a) In
case an Event of Default with respect to the Securities of a series has occurred (that has not been cured or waived), the Trustee shall
exercise with respect to Securities of that series such of the rights and powers vested in it by this Indenture, and use the same degree
of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s
own affairs.
(b) No
provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure
to act, or its own willful misconduct, except that:
(1) prior
to the occurrence of an Event of Default with respect to the Securities of a series and after the curing or waiving of all such Events
of Default with respect to that series that may have occurred:
(i) the
duties and obligations of the Trustee shall with respect to the Securities of such series be determined solely by the express provisions
of this Indenture, and the Trustee shall not be liable with respect to the Securities of such series except for the performance of such
duties and obligations as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this
Indenture against the Trustee; and
(ii) in
the absence of bad faith on the part of the Trustee, the Trustee with respect to the Securities of such series may conclusively rely,
as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to
the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions that by any
provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine
whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical computations
or other facts stated therein);
(2) the
Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer or Responsible Officers of the Trustee,
unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts;
(3) the
Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction
of the holders of not less than a majority in principal amount of the Securities of any series at the time Outstanding relating to the
time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred
upon the Trustee under this Indenture with respect to the Securities of that series; and
(4) none
of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur personal financial
liability in the performance of any of its duties or in the exercise of any of its rights or powers, if there is reasonable ground for
believing that the repayment of such funds or liability is not reasonably assured to it under the terms of this Indenture or adequate
indemnity against such risk is not reasonably assured to it.
(c) Whether
or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording
protection to the Trustee shall be subject to the provisions of this Section.
Section 7.02. Certain
Rights of Trustee.
Except as otherwise provided in Section 7.01:
(a) The
Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any resolution, certificate, statement,
instrument, opinion, report, notice, request, consent, order, approval, bond, security or other paper or document (whether in its original
or facsimile form) 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 a Board Resolution or an instrument
signed in the name of the Company by an Officer (unless other evidence in respect thereof is specifically prescribed herein).
(c) The
Trustee may consult with counsel of its own selection and the advice of such counsel or any Opinion of Counsel shall be full and complete
authorization and protection in respect of any action taken or suffered or omitted hereunder in good faith and in reliance thereon.
(d) The
Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or direction
of any of the Securityholders, pursuant to the provisions of this Indenture, unless such Securityholders shall have offered to the Trustee
indemnity satisfactory to it against the costs, expenses and liabilities that may be incurred therein or thereby.
(e) The
Trustee shall not be liable for any action taken or omitted to be taken by it in good faith and believed by it to be authorized or within
the discretion or rights or powers conferred upon it by this Indenture.
(f) The
Trustee 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, bond, security or other papers or documents, but the Trustee, in its discretion,
may make such further inquiry into such matters as it may see fit, and if the Trustee shall determine to make such further inquiry or
investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney at the
sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation.
(g) The
Trustee shall not be deemed to have notice of any Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof
or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the
Trustee.
(h) The
Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys
and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care
by it hereunder.
(i) The
rights, privileges, protections, immunities and benefits given to the Trustee, including its right to be indemnified, are extended to,
and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act
hereunder.
(j) The
Trustee may request that the Company deliver an Officer’s Certificate setting forth the names of individuals and/or titles of officers
authorized at such time to take specified actions pursuant to this Indenture, which Officer’s Certificate may be signed by any person
authorized to sign an Officer’s Certificate, including any person specified as so authorized in any such certificate previously
delivered and not superseded.
(k) In
no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out
of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents,
acts of war or terrorism, civil or military disturbances, recognized public emergencies, nuclear or natural catastrophes or acts of God,
interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services, and infiltration of the
Trustee’s technological infrastructure exceeding authorized access.
(l) The
permissive rights of the Trustee enumerated in this Indenture shall not be construed as duties.
(m) It
shall not be the duty of the Trustee to see that any duties or obligations imposed herein upon the Company or other persons are performed,
and the Trustee shall not be liable or responsible for the failure of the Company or such other persons to perform any act required of
them by this Indenture.
(n) The
Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties hereunder.
(o) In
no event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage of any kind whatsoever
(including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or
damage and regardless of the form of action.
Section 7.03. Trustee
not Responsible for Recitals or Issuance of Securities.
(a) The
recitals contained herein and in the Securities shall be taken as the statements of the Company, and the Trustee assumes no responsibility
for the correctness of the same.
(b) The
Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities.
(c) The
Trustee shall not be accountable for the use or application by the Company of any of the Securities or of the proceeds of such Securities,
or for the use or application of any funds paid over by the Trustee in accordance with any provision of this Indenture or established
pursuant to Section 2.01, or for the use or application of any funds received by any paying agent other than the Trustee.
Section 7.04. May Hold
Securities.
The Trustee or any paying agent or Security Registrar,
in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not
Trustee, paying agent or Security Registrar. However, the Trustee is subject to Sections 7.09 and 7.13.
Section 7.05. Funds
Held in Trust.
Subject to the provisions of Section 11.06,
all funds received by the Trustee, until used or applied as herein provided, shall be held in trust for the purposes for which they were
received, but need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for
interest on any funds received by it hereunder except such as it may agree with the Company to pay thereon.
Section 7.06. Compensation
and Reimbursement.
(a) The
Company shall pay to the Trustee, and the Trustee shall be entitled to be paid, such compensation (which shall not be limited by any provision
of law in regard to the compensation of a trustee of an express trust), as the Company and the Trustee from time to time may agree in
writing, for all services rendered by it in the execution of the trusts hereby created and in the exercise and performance of any of the
powers and duties hereunder of the Trustee. Except as otherwise expressly provided herein, the Company will pay or reimburse the Trustee
upon its request for all reasonable expenses and disbursements incurred or made by the Trustee in accordance with any of the provisions
of this Indenture (including the reasonable compensation and the expenses and disbursements of its counsel and of all Persons not regularly
in its employ) except any such expense or disbursement as may arise from its own negligence or willful misconduct as determined by a court
of competent jurisdiction. The Company and each of the Guarantors, jointly and severally, shall indemnify the Trustee (and its officers,
agents, directors and employees) for, and shall hold it harmless against, any and all loss, liability, claim, damage or expense, including
taxes (other than taxes based upon, measured by or determined by the income of the Trustee) incurred without negligence or willful misconduct
on the part of the Trustee and arising out of or in connection with acting under this Indenture (including this Section 7.06) and
the acceptance or administration of this trust, including the costs and expenses of defending itself against any claim of liability (whether
asserted by the Company, any Holder or any other Person). For the avoidance of doubt, the Additional Guarantor’s joint and several
obligation to indemnify and hold harmless the Trustee (and its officers, agents, directors and employees) shall be a joint and several
obligation in relation to the Company’s obligations under this Section 7.06 and shall not constitute a joint and several obligation
in relation to the Parent Guarantor’s obligations under this Section 7.06.
(b) The
obligations of the Company under this Section 7.06 to compensate and indemnify the Trustee and to pay or reimburse the Trustee for
expenses and disbursements shall: (i) be secured by a lien prior to that of the Securities upon all property and funds held or collected
by the Trustee as such, except funds held in trust for the benefit of the holders of particular Securities; and (ii) survive
the termination of this Indenture and resignation or removal of the Trustee.
Section 7.07. Reliance
on Officer’s Certificate.
Except as otherwise provided in Section 7.01,
whenever in the administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved
or established prior to taking or suffering or omitting to take any action hereunder, such matter (unless other evidence in respect thereof
be herein specifically prescribed), in the absence of negligence or willful misconduct on the part of the Trustee, may be deemed to be
conclusively proved and established by an Officer’s Certificate delivered to the Trustee and such certificate, in the absence of
negligence or willful misconduct on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted
to be taken by it under the provisions of this Indenture upon the faith thereof.
Section 7.08. Disqualification;
Conflicting Interests.
If the Trustee has or shall acquire any “conflicting
interest” within the meaning of Section 310(b) of the Trust Indenture Act, the Trustee and the Company shall in all respects
comply with the provisions of Section 310(b) of the Trust Indenture Act.
Section 7.09. Corporate
Trustee Required; Eligibility.
There shall at all times be a Trustee with respect
to the Securities issued hereunder which shall at all times be a corporation organized and doing business under the laws of the United
States or any State or Territory thereof or of the District of Columbia, or a corporation or other Person permitted to act as trustee
by the Commission, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000,
and subject to supervision or examination by Federal, State, Territorial, or District of Columbia authority. If such corporation 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 7.09 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 Company may not, nor may any Affiliate of the Company,
serve as Trustee. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.09,
the Trustee shall resign immediately in the manner and with the effect specified in Section 7.10.
Section 7.10. Resignation
and Removal; Appointment of Successor.
(a) The
Trustee or any successor hereafter appointed may resign at any time with respect to the Securities of one or more series by giving written
notice thereof to the Company and by transmitting notice of resignation by mail, first class postage prepaid, to the Securityholders of
such series, as their names and addresses appear upon the Security Register. Upon receiving such notice of resignation, the Company promptly
shall appoint a successor trustee with respect to Securities of such series. If no successor trustee shall have been so appointed and
have accepted appointment within 60 days after the retiring Trustee resigns, the retiring Trustee, at the expense of the Company, or the
Company may petition any court of competent jurisdiction for the appointment of a successor trustee with respect to Securities of such
series, or any Securityholder of that series who has been a bona fide holder of a Security or Securities for at least six months may on
behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may
thereupon after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee.
(b) In
case at any time any one of the following shall occur, the Company may remove the Trustee with respect to all or any series of Securities
and appoint a successor trustee, or, unless the Trustee’s duty to resign is stayed as provided herein, any Securityholder who has
been a bona fide holder of a Security or Securities for at least six months, on behalf of that holder and all others similarly situated,
may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee. Such court
may thereupon after such notice, if any, as it may deem proper and prescribe, remove the Trustee and appoint a successor trustee:
(1) the
Trustee shall fail to comply with the provisions of Section 7.08 after written request therefor by the Company or by any Securityholder
who has been a bona fide holder of a Security or Securities for at least six months; or
(2) the
Trustee shall cease to be eligible in accordance with the provisions of Section 7.09 and shall fail to resign after written request
therefor by the Company or by any such Securityholder; or
(3) the
Trustee shall become incapable of acting, or shall be adjudged a bankrupt or insolvent, or commence a voluntary bankruptcy proceeding,
or a receiver of the Trustee or of its property shall be appointed or consented to, or any public officer shall take charge or control
of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation.
If an instrument of acceptance by a successor Trustee
shall not have been delivered to the Trustee within 30 days after the giving of such notice of removal, the Trustee being removed may
petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Trustee with respect to
the Securities of such series.
(c) The
holders of a majority in aggregate principal amount of the Securities of any series at the time Outstanding at any time may remove the
Trustee with respect to such series by so notifying the Trustee and the Company and may appoint a successor Trustee for such series with
the consent of the Company.
(d) Any
resignation or removal of the Trustee and appointment of a successor trustee with respect to the Securities of a series pursuant to any
of the provisions of this Section shall become effective upon acceptance of appointment by the successor trustee as provided in Section 7.11.
(e) Any
successor trustee appointed pursuant to this Section 7.10 may be appointed with respect to the Securities of one or more series or
all of such series, and at any time there shall be only one Trustee with respect to the Securities of any particular series.
Section 7.11. Acceptance
of Appointment By Successor.
(a) In
case of the appointment hereunder of a successor trustee with respect to all Securities, every such successor trustee so appointed shall
execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the
resignation or removal of the retiring Trustee shall become effective and such successor trustee, without any further act, deed or conveyance,
shall become vested with all the rights, powers, trusts and duties of the retiring Trustee. On the request of the Company or the successor
trustee, such retiring Trustee, upon payment of its charges, shall execute and deliver an instrument transferring to such successor trustee
all the rights, powers, and trusts of the retiring Trustee and shall assign, transfer and deliver to such successor trustee all property
and funds held by such retiring Trustee hereunder.
(b) In
case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company,
the retiring Trustee and each successor trustee with respect to the Securities of one or more series shall execute and deliver an indenture
supplemental hereto wherein each successor trustee shall accept such appointment and which (i) shall contain such provisions as shall
be necessary or desirable to transfer and confirm to, and to vest in, each successor trustee all the rights, powers, trusts and duties
of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor trustee relates,
(ii) shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties
of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall
continue to be vested in the retiring Trustee, and (iii) shall add to or change any of the provisions of this Indenture as shall
be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that
nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust, that each such Trustee
shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee
and that no Trustee shall be responsible for any act or failure to act on the part of any other Trustee hereunder. Upon the execution
and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided
therein, and such retiring Trustee shall have no further responsibility with respect to the Securities of that or those series to which
the appointment of such successor trustee relates for the exercise of rights and powers or for the performance of the duties and obligations
vested in the Trustee under this Indenture. Each such successor trustee, without any further act, deed or conveyance, shall become vested
with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which
the appointment of such successor trustee relates. On request of the Company or any successor trustee, such retiring Trustee shall assign,
transfer and deliver to such successor trustee, to the extent contemplated by such supplemental indenture, the property and funds held
by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor trustee
relates.
(c) Upon
request of any such successor trustee, the Company may execute any and all instruments for more fully and certainly vesting in and confirming
to such successor trustee all such rights, powers and trusts referred to in Section 7.11(a) or (b), as the case may be.
(d) No
successor trustee shall accept its appointment unless at the time of such acceptance such successor trustee shall be qualified and eligible
under this Article VII.
(e) Upon
acceptance of appointment by a successor trustee as provided in this Section 7.11, the successor trustee shall cause a notice of
its succession to be transmitted to Securityholders.
Section 7.12. Merger,
Conversion, Consolidation or Succession to Business.
Any corporation into which the Trustee 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 Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Trustee,
shall be the successor of the Trustee hereunder, provided that such corporation shall be qualified under the provisions of Section 7.08
and eligible under the provisions of Section 7.09, without the execution or filing of any paper or any further act on the part of
any of the parties hereto, anything herein to the contrary notwithstanding. In case any Securities shall have been authenticated, but
not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may
adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself authenticated
such Securities.
Section 7.13. Preferential
Collection of Claims Against the Company.
The Trustee shall comply with Section 311(a) of
the Trust Indenture Act, excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act. A Trustee
who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent included therein.
ARTICLE VIII.
CONCERNING
THE SECURITYHOLDERS
Section 8.01. Evidence
of Action by Securityholders.
Whenever in this Indenture it is provided that
the holders of a majority or specified percentage in aggregate principal amount of the Securities of a particular series may take any
action (including the making of any demand or request, the giving of any notice, consent or waiver or the taking of any other action),
the fact that at the time of taking any such action the holders of such majority or specified percentage of that series have joined therein
may be evidenced by any instrument or any number of instruments of similar tenor executed by such holders of Securities of that series
in Person or by agent or proxy appointed in writing.
If the Company shall solicit from the Securityholders
of any series any request, demand, authorization, direction, notice, consent, waiver or other action, the Company, at its option, as evidenced
by an Officer’s Certificate, may fix in advance a record date for such series for the determination of Securityholders entitled
to give such request, demand, authorization, direction, notice, consent, waiver or other action, but the Company shall have no obligation
to do so. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other action may
be given before or after the record date, but only the Securityholders of record at the close of business on the record date shall be
deemed to be Securityholders for the purposes of determining whether Securityholders of the requisite proportion of Outstanding Securities
of that series have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other
action, and for that purpose the Outstanding Securities of that series shall be computed as of the record date; provided, however,
that no such authorization, agreement or consent by such Securityholders on the record date shall be deemed effective unless it shall
become effective pursuant to the provisions of this Indenture not later than six months after the record date.
Section 8.02. Proof
of Execution by Securityholders.
Subject to the provisions of Section 7.01,
proof of the execution of any instrument by a Securityholder (such proof will not require notarization) or his agent or proxy and proof
of the holding by any Person of any of the Securities shall be sufficient if made in the following manner:
(a) The
fact and date of the execution by any such Person of any instrument may be proved in any reasonable manner acceptable to the Trustee.
(b) The
ownership of Securities shall be proved by the Security Register of such Securities or by a certificate of the Security Registrar thereof.
(c) The
Trustee may require such additional proof of any matter referred to in this Section as it shall deem necessary.
Section 8.03. Who
May be Deemed Owners.
Prior to the due presentment for registration of
transfer of any Security, the Company, the Trustee, any paying agent and any Security Registrar may deem and treat the Person in whose
name such Security shall be registered upon the books of the Company as the absolute owner of such Security (whether or not such Security
shall be overdue and notwithstanding any notice of ownership or writing thereon made by anyone other than the Security Registrar) for
the purpose of receiving payment of or on account of the principal of, premium, if any, and (subject to Section 2.03) interest on
such Security and for all other purposes; and neither the Company nor the Trustee nor any paying agent nor any Security Registrar
shall be affected by any notice to the contrary.
None of the Company, the Trustee, any paying agent
or the Security Registrar will have any responsibility or liability for any aspect of the records relating to or payments made on account
of beneficial ownership interests in a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial
ownership interests.
Section 8.04. Certain
Securities Owned by Company Disregarded.
In determining whether the holders of the requisite
aggregate principal amount of Securities of a particular series have concurred in any direction, consent of waiver under this Indenture,
the Securities of that series that are owned by the Company or any of the Guarantors or any other obligor on the Securities of that series
or by an Affiliate of the Company or any of the Guarantors shall be disregarded and deemed not to be Outstanding for the purpose of any
such determination, except that for the purpose of determining whether the Trustee shall be protected in relying on any such direction,
consent or waiver, only Securities of such series that a Responsible Officer of the Trustee knows are so owned shall be so disregarded.
The Securities so owned that have been pledged in good faith may be regarded as Outstanding for the purposes of this Section, if the pledgee
shall establish to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee
is not an Affiliate. In case of a dispute as to such right, any decision by the Trustee taken upon the advice of counsel shall be full
protection to the Trustee. Upon request of the Trustee, the Company shall furnish to the Trustee promptly an Officer’s Certificate
listing and identifying all Securities of a particular series, if any known by the Company or any of the Guarantors to be owned or held
by or for the account of any of the above described Persons and, subject to Sections 7.01 and 7.02, the Trustee shall be entitled to accept
such Officer’s Certificate as conclusive evidence of the facts therein set forth and of the fact that all Securities of such particular
series not listed therein are Outstanding for the purpose of any such determination.
Section 8.05. Actions
Binding on Future Securityholders.
At any time prior to the evidencing to the Trustee,
as provided in Section 8.01, of the taking of any action by the holders of the majority or percentage in aggregate principal amount
of the Securities of a particular series specified in this Indenture in connection with such action, any holder of a Security of that
series that is shown by the evidence to be included in the Securities the holders of which have consented to such action, by filing written
notice with the Trustee, and upon proof of holding as provided in Section 8.02, may revoke such action so far as concerns such Security.
Except as aforesaid any such action taken by the holder of any Security shall be conclusive and binding upon such holder and upon all
future holders and owners of such Security, and of any Security issued in exchange therefor, on registration of transfer thereof or in
place thereof, irrespective of whether or not any notation in regard thereto is made upon such Security. Any action taken by the holders
of the majority or percentage in aggregate principal amount of the Securities of a particular series specified in this Indenture in connection
with such action shall be conclusively binding upon the Company, the Trustee and the holders of all the Securities of that series.
ARTICLE IX.
SUPPLEMENTAL
INDENTURES
Section 9.01. Supplemental
Indentures Without the Consent of Securityholders.
In addition to any supplemental indenture otherwise
authorized by this Indenture, the Company, each of the Guarantors and the Trustee from time to time and at any time may enter into an
indenture or indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as then in effect), without
the consent of the Securityholders, for one or more of the following purposes:
(a) to
cure any ambiguity, defect, or inconsistency herein or in the Securities of any series, including making such changes as are required
for this Indenture to comply with the Trust Indenture Act, or to make such other provisions in regard to matters or questions arising
under this Indenture or under any supplemental indenture as the Board of Directors of the Company may deem necessary or desirable, and
which shall not in either case adversely affect the interests of the Holders of the Securities in any material respect;
(b) to
evidence the succession of another Person to the Company or any of the Guarantors, or successive successions, and the assumption by the
successor Person of the covenants, agreements and obligations of the Company or any of the Guarantors, as the case may be, pursuant to
Article X;
(c) to
provide for uncertificated Securities in addition to or in place of certificated Securities;
(d) to
add to the covenants of the Company for the benefit of the holders of all or any outstanding series of Securities (and if such covenants
are to be for the benefit of less than all outstanding series of Securities, stating that such covenants are expressly being included
solely for the benefit of such series) or to surrender any right or power herein conferred upon the Company or any of the Guarantors;
(e) to
add any additional Events of Default for the benefit of the holders of all or any outstanding series of Securities (and if such Events
of Default are to be applicable to less than all outstanding series, stating that such Events of Default are expressly being included
solely to be applicable to such series);
(f) to
change or eliminate any of the provisions of this Indenture, provided that any such change or elimination shall not become effective with
respect to any outstanding Security of any series created prior to the execution of such supplemental indenture which is entitled to the
benefit of such provision;
(g) to
secure the Securities of any series;
(h) to
make any other change that does not adversely affect the rights of any Securityholder of Outstanding Securities in any material respect;
(i) to
provide for the issuance of and establish the form and terms and conditions of the Securities of any series as provided in Section 2.01,
to provide which, if any, of the covenants of the Company shall apply to such series, to provide which of the Events of Default shall
apply to such series, to provide for the terms and conditions upon which the Guarantee by each of the Guarantors of such series of Securities
may be released or terminated, or to define the rights of the holders of such series of Securities;
(j) to
issue additional Securities of any series; provided that such additional Securities have the same terms as, and be deemed part of
the same series as, the applicable series of Securities issued hereunder to the extent required by Section 2.01(b); or
(k) to
evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more
series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration
of the trust hereunder by more than one Trustee.
Upon the request of the Company, accompanied by
Board Resolutions authorizing the execution of any such supplemental indenture, and upon receipt by the Trustee of the documents described
in Section 9.05, the Trustee shall join with the Company and each of the Guarantors in the execution of any such supplemental indenture,
and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee shall not be obligated
to enter into any such supplemental indenture that affects the Trustee’s own rights, duties or immunities under this Indenture or
otherwise.
Any supplemental indenture authorized by the provisions
of this Section 9.01 may be executed by the Company, each of the Guarantors and the Trustee without the consent of the holders of
any of the Securities at the time Outstanding, notwithstanding any of the provisions of Section 9.02.
Section 9.02. Supplemental
Indentures with Consent of Securityholders.
With the consent (evidenced as provided in Section 8.01)
of the holders of not less than a majority in aggregate principal amount of the Securities of each series at the time Outstanding affected
by such supplemental indenture or indentures, the Company and each of the Guarantors, when authorized by Board Resolutions, and the Trustee
from time to time and at any time may enter into an indenture or indentures supplemental hereto (which shall conform to the provisions
of the Trust Indenture Act as then in effect) for the purpose of adding any provisions to or changing in any manner or eliminating any
of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner not covered by Section 9.01 the
rights of the holders of the Securities of such series under this Indenture; provided, however, that no such supplemental indenture,
without the consent of the holders of each Security then Outstanding and affected thereby, shall (i) extend a fixed maturity of or
any installment of principal of any Securities of any series or reduce the principal amount thereof or reduce the amount of principal
of any original issue discount security that would be due and payable upon declaration of acceleration of the maturity thereof; (ii) reduce
the rate of or extend the time for payment of interest on any Security of any series; (iii) reduce the premium payable upon
the redemption of any Security; (iv) make any Security payable in Currency other than that stated in the Security; (v) impair
the right to institute suit for the enforcement of any payment on or after the fixed maturity thereof (or in the case of redemption, on
or after the redemption date); or (vi) reduce the aforesaid percentage of Securities, the holders of which are required to consent
to any such supplemental indenture or indentures.
A supplemental indenture that changes or eliminates
any covenant, Event of Default or other provision of this Indenture that has been expressly included solely for the benefit of one or
more particular series of Securities, if any, or which modifies the rights of the holders of Securities of such series with respect to
such covenant, Event of Default or other provision, shall be deemed not to affect the rights under this Indenture of the holders of Securities
of any other series.
It shall not be necessary for the consent of Securityholders
of a series affected thereby under this Section 9.02 to approve the particular form of any proposed supplemental indenture, but it
shall be sufficient if such consent shall approve the substance thereof.
Promptly after the execution by the Company, each
of the Guarantors and the Trustee of any supplemental indenture pursuant to the provisions of this Section 9.02, the Company shall
mail or caused to be mailed a notice thereof by first class mail to the Holders of Securities of each series affected thereby at their
addresses as they shall appear on the Security Register, setting forth in general terms the substance of such supplemental indenture.
Any failure of the Company to mail such notice, or any defect therein, shall not in any way impair or affect the validity of any such
supplemental indenture.
Section 9.03. Effect
of Supplemental Indentures.
Upon the execution of any supplemental indenture
pursuant to the provisions of this Article IX or Section 10.01, this Indenture shall be and be deemed to be modified and amended
with respect to such series in accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities
under this Indenture of the Trustee, the Company, each of the Guarantors and the holders of Securities of the series affected thereby
shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all
the terms and conditions of any such supplemental indenture shall be and be deemed to be part of the terms and conditions of this Indenture
for any and all purposes.
Section 9.04. Securities
Affected by Supplemental Indentures.
Securities of any series affected by a supplemental
indenture and authenticated and delivered after the execution of such supplemental indenture pursuant to the provisions of this Article or
of Section 10.01 may bear a notation in form approved by the Company, provided such form meets the requirements of any exchange upon
which such series may be listed, as to any matter provided for in such supplemental indenture. If the Company shall so determine, new
Securities of that series so modified as to conform, in the opinion of the Board of Directors of the Company, to any modification of this
Indenture contained in any such supplemental indenture may be prepared by the Company, authenticated by the Trustee and delivered in exchange
for the Securities of that series then Outstanding.
Section 9.05. Execution
of Supplemental Indentures.
Upon the request of the Company, accompanied by
Board Resolutions authorizing the execution of any such supplemental indenture, and, if applicable, upon the filing with the Trustee of
evidence of the consent of Securityholders required to consent thereto as aforesaid, the Trustee shall join with the Company and each
of the Guarantors in the execution of such supplemental indenture unless such supplemental indenture affects the Trustee’s own rights,
duties or immunities under this Indenture or otherwise, in which case the Trustee in its discretion may but shall not be obligated to
enter into such supplemental indenture. The Trustee, subject to the provisions of Section 7.01, shall receive an Opinion of Counsel
and Officer’s Certificate as conclusive evidence that any supplemental indenture executed pursuant to this Article IX is authorized
or permitted by, and conforms to, the terms of this Article IX.
Promptly after the execution by the Company and
the Trustee of any supplemental indenture pursuant to the provisions of this Section 9.05, the Trustee shall transmit by mail, first
class postage prepaid, a notice prepared by the Company, setting forth in general terms the substance of such supplemental indenture,
to the Securityholders of each series affected thereby as their names and addresses appear upon the Security Register. Any failure of
the Trustee to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental
indenture.
ARTICLE X.
SUCCESSOR
Section 10.01. Consolidation,
Merger and Sale of Assets.
Each of the Company and the Guarantors covenants
that it will not merge or consolidate with any other Person or sell or convey all or substantially all of its assets to any Person, unless:
(i) either
the Company or any of the Guarantors, as the case may be, shall be the continuing entity, or the successor entity or the Person which
acquires by sale or conveyance substantially all the assets of the Company or any of the Guarantors, as the case may be (if other than
the Company or any of the Guarantors, as the case may be), (A) shall expressly assume the due and punctual payment of the principal
of, premium, if any, and interest on all the Securities or the obligations under the Guarantees, as the case may be, according to their
tenor, and the due and punctual performance and observance of all of the covenants and agreements of this Indenture to be performed or
observed by the Company or any of the Guarantors, as the case may be, by supplemental indenture satisfactory to the Trustee, executed
and delivered to the Trustee by such Person and (B) is an entity treated as a “corporation” for United States tax purposes,
or the Company or any of the Guarantors, as the case may be, obtains either (x) an opinion, in form and substance reasonably acceptable
to the Trustee, of tax counsel of recognized standing reasonably acceptable to the Trustee or (y) a ruling from the United States
Internal Revenue Service, in either case to the effect that such merger or consolidation, or such sale or conveyance, will not result
in an exchange of the Securities for new debt instruments for United States federal income tax purposes; and
(ii) no
Event of Default and no event that, after notice or lapse of time or both, would become an Event of Default shall be continuing immediately
after such merger or consolidation, or such sale or conveyance.
The Company shall deliver to the Trustee prior
to the consummation of the proposed transaction an Officer’s Certificate to the foregoing effect and an Opinion of Counsel stating
that the proposed transaction and such supplemental indenture comply with this Indenture.
To the extent that a Board Resolution or supplemental
indenture pertaining to any series provides for different provisions relating to the subject matter of this Article X, the provisions
in such Board Resolution or supplemental indenture shall govern for purposes of such series.
Section 10.02. Successor
Person Substituted.
Upon any consolidation or merger, or any sale,
lease, conveyance or other disposition of all or substantially all of the assets of the Company or any of the Guarantors, as the case
may be, the successor Person formed by such consolidation or into or with which the Company or any of the Guarantors, as the case may
be, is merged or to which such sale, lease, conveyance or other disposition is made shall succeed to, and be substituted for, and may
exercise every right and power of, the Company or any of the Guarantors, as the case may be, under this Indenture with the same effect
as if such successor Person has been named as the Company or any of the Guarantors, as the case may be, herein. In the event of any such
sale or conveyance (other than a conveyance by way of lease) the Company or any of the Guarantors, as the case may be, or any successor
entity which shall theretofore have become such in the manner described in this Article, shall be discharged from all obligations and
covenants under this Indenture, the Securities and the Guarantees and may be liquidated and dissolved.
ARTICLE XI.
SATISFACTION
AND DISCHARGE
Section 11.01. Applicability
of Article.
If the Securities of a series are denominated and
payable only in Dollars (except as provided pursuant to Section 2.01), then the provisions of this Article XI relating to defeasance
of Securities shall be applicable except as otherwise specified pursuant to Section 2.01 for Securities of such series. Defeasance
provisions, if any, for Securities denominated in a Foreign Currency may be specified pursuant to Section 2.01.
Section 11.02. Satisfaction
and Discharge of Indenture.
If at any time:
(a) The
Company or any of the Guarantors shall have delivered or shall have caused to be delivered to the Trustee for cancellation all Securities
of a series theretofore authenticated (other than any Securities that shall have been destroyed, lost or stolen and that shall have been
replaced or paid as provided in Section 2.07) and Securities for whose payment funds or Governmental Obligations have theretofore
been deposited in trust or segregated and held in trust by the Company or any of the Guarantors (and thereupon repaid to the Company or
any of the Guarantors or discharged from such trust, as provided in Section 11.06); or
(b) all
such Securities of a particular series not theretofore delivered to the Trustee for cancellation shall have become due and payable or
are by their terms to become due and payable within one year or are to be called for redemption within one year under arrangements satisfactory
to the Trustee for the giving of notice of redemption, and the Company or any of the Guarantors shall irrevocably deposit or cause to
be deposited with the Trustee as trust funds the entire amount (in funds or Governmental Obligations sufficient or a combination thereof)
in Dollars or the currency in which such Securities are denominated (except as otherwise provided pursuant to Section 2.01) sufficient
to pay at maturity or upon redemption all Securities of such series not theretofore delivered to the Trustee for cancellation, including
principal, premium, if any, and interest due or to become due on such date of maturity or redemption date, as the case may be, and if
in either case the Company or any of the Guarantors shall also pay or cause to be paid all other sums payable hereunder with respect to
such series by the Company,
then this Indenture shall cease to be of further effect with respect
to such series except for the provisions of Sections 2.03, 2.04, 2.05, 2.07, 4.01, 4.02, 4.03, 7.05 and 7.10, that shall survive until
the date of maturity or redemption date, as the case may be, and Sections 7.06 and 11.06, that shall survive to such date and thereafter,
and the Trustee, on demand of the Company and at the cost and expense of the Company shall execute proper instruments acknowledging satisfaction
of and discharging this Indenture with respect to such series.
Section 11.03. Defeasance
and Discharge of Obligations; Covenant Defeasance.
(a) If
at any time:
(i) all
such Securities of a particular series not heretofore delivered to the Trustee for cancellation or that have not become due and payable
as described in Section 11.02 shall have been paid by the Company or any of the Guarantors by depositing irrevocably with the Trustee
in trust funds or an amount of Governmental Obligations sufficient to pay at maturity or upon redemption all such Securities of that series
not theretofore delivered to the Trustee for cancellation, including principal, premium, if any, and interest due or to become due to
such date of maturity or date fixed for redemption, as the case may be, and
(ii) the Company or any of the Guarantors
shall also pay or cause to be paid all other amounts payable hereunder by the Company with respect to such series,
then, after the date such funds or Governmental Obligations, as the
case may be, are deposited with the Trustee, the obligations of the Company and each of the Guarantors under this Indenture with respect
to such series shall cease to be of further effect except, to the extent applicable to each, for the provisions of Sections 2.03, 2.04,
2.05, 2.07, 4.01, 4.02, 4.03, 7.05 and 7.10 hereof that shall survive until such Securities shall mature and be paid. Thereafter, Sections
7.06 and 11.06 shall survive such satisfaction and discharge.
(b) In
addition, each of the Company and the Guarantors, at its option and at any time, by written notice executed by an Officer delivered to
the Trustee, may elect to have its obligations, to the extent applicable to each, under Section 5.03 and any covenant contained in
Article X, and any other covenant contained in the Board Resolution or supplemental indenture relating to such series pursuant to
Section 2.01, discharged with respect to all Outstanding Securities of a series, this Indenture and any indentures supplemental to
this Indenture insofar as such Securities are concerned (“covenant defeasance”), such discharge to be effective on
the date the conditions set forth in clauses (i) through (vi) of Section 11.03(c) are satisfied, and such Securities
shall thereafter be deemed to be not “Outstanding” for the purposes of any direction, waiver, consent or declaration of Securityholders
(and the consequences of any thereof) in connection with such covenants, but shall continue to be “Outstanding” for all other
purposes under this Indenture. For this purpose, such covenant defeasance means that, with respect to the Outstanding Securities of a
series, the Company and each of the Guarantors may omit to comply with and shall have no liability in respect of any term, condition or
limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant
or by reason of reference in any such covenant to any other provision herein or in any other document and such omission to comply shall
not constitute an Event of Default under Section 6.01(a)(4) or otherwise, but except as specified in this Section 11.03(b),
the remainder of the Company’s and the Guarantors’ obligations under the Securities of such series, this Indenture, and any
indentures supplemental to this Indenture with respect to such series shall be unaffected thereby.
(c) The
following shall be the conditions to the application of Section 11.03 to the Outstanding Securities of the applicable series:
(i) the
Company or any of the Guarantors irrevocably deposits in trust with the Trustee or, at the option of the Trustee, with a trustee satisfactory
to the Trustee and the Company or any of the Guarantors, as the case may be, under the terms of an irrevocable trust agreement in form
and substance satisfactory to the Trustee, funds or Governmental Obligations sufficient to pay principal of, premium, if any, and interest
on the Outstanding Securities of such series to maturity or redemption, as the case may be, and to pay all other amounts payable by it
hereunder, provided that (A) the trustee of the irrevocable trust shall have been irrevocably instructed to pay such funds or the
proceeds of such Governmental Obligations to the Trustee and (B) the Trustee shall have been irrevocably instructed to apply such
funds or the proceeds of such Governmental Obligations to the payment of said principal, premium, if any, and interest with respect to
the Securities of such series;
(ii) the
Company or any of the Guarantors, as the case may be, delivers to the Trustee an Officer’s Certificate stating that all conditions
precedent specified herein relating to defeasance or covenant defeasance, as the case may be, have been complied with, and an Opinion
of Counsel to the same effect;
(iii) no
Event of Default under clauses (1), (2), (3), (5), (6) or (7) of Section 6.01(a) shall have occurred and be continuing,
and no event which with notice or lapse of time or both would become such an Event of Default shall have occurred and be continuing, on
the date of such deposit;
(iv) the
Company or any of the Guarantors, as the case may be, shall have delivered to the Trustee an Opinion of Counsel or a ruling received from
the Internal Revenue Service to the effect that the holders of the Securities of such series will not recognize income, gain or loss for
Federal income tax purposes as a result of the Company’s or such Guarantor’s exercise of either option under this Section 11.03
and will be subject to Federal income tax in the same amount and in the same manner and at the same times as would have been the case
if such election had not been exercised;
(v) such
covenant defeasance shall not (i) cause the Trustee to have a conflicting interest for purposes of the Trust Indenture Act with respect
to any Securities or (ii) result in the trust arising from such deposit to constitute, unless it is qualified, a regulated investment
company under the Investment Company Act of 1940; and
(vi) notwithstanding
any other provisions of this Section 11.03, such covenant defeasance shall be effected in compliance with any additional or substitute
terms, conditions or limitations which may be imposed on the Company or any of the Guarantors pursuant to Section 2.01.
After such irrevocable deposit made pursuant to
this Section 11.03 and satisfaction of the other conditions set forth herein, the Trustee upon request shall acknowledge in writing
the discharge of the Company’s or any of the Guarantors’ obligations pursuant to this Section 11.03. If such irrevocable
deposit of Government Obligations is made pursuant to this Section 11.03, then the Trustee shall make commercially reasonable efforts
necessary to accept such Government Obligations, and the Company or any of the Guarantors shall be obligated to provide documentation
that the Trustee requires to accept such Government Obligations.
Section 11.04. Deposited
Funds to be Held in Trust.
All funds or Governmental Obligations deposited
with the Trustee pursuant to Sections 11.02 or 11.03 shall be held in trust and shall be available for payment as due, either directly
or through any paying agent (including the Company or any of the Guarantors acting as its own paying agent), to the holders of the particular
series of Securities for the payment or redemption of which such funds or Governmental Obligations have been deposited with the Trustee.
Section 11.05. Payment
of Funds Held by Paying Agents.
In connection with the provisions of Section 11.02
or 11.03, all funds or Governmental Obligations then held by any paying agent under the provisions of this Indenture shall, upon demand
of the Company or any of the Guarantors, be paid to the Trustee and thereupon such paying agent shall be released from all further liability
with respect to such funds or Governmental Obligations.
Section 11.06. Repayment
to the Company or the Guarantors.
Any funds or Governmental Obligations deposited
with any paying agent or the Trustee, or then held by the Company or any of the Guarantors, in trust for payment of principal of, premium,
if any, or interest on the Securities of a particular series that are not applied but remain unclaimed by the holders of such Securities
for at least one year after the date upon which the principal of, premium, if any, or interest on such Securities shall have respectively
become due and payable, shall be repaid to the Company or any of the Guarantors, as applicable, or if then held by the Company or any
of the Guarantors shall be discharged from such trust; and thereafter, the paying agent and the Trustee shall be released from all
further liability with respect to such funds or Governmental Obligations, and the holder of any of the Securities entitled to receive
such payment shall thereafter, as an unsecured general creditor, look only to the Company or any of the Guarantors, as applicable, for
the payment thereof. Anything in this Article XI to the contrary notwithstanding, subject to Section 7.06, the Trustee shall
deliver or pay to the Company or any of the Guarantors, as applicable, from time to time upon request by the Company or any of the Guarantors
any funds or Governmental Obligations (or other property and any proceeds therefrom) held by it as provided in Sections 11.02 or 11.03
which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered
to the Trustee, are in excess of the amount thereof that would then be required to be deposited to effect a defeasance or covenant defeasance,
as the case may be, in accordance with this Article XI.
Section 11.07. Reinstatement.
If the Trustee or paying agent is unable to apply
any funds or Governmental Obligations in accordance with Section 11.02 or 11.03 by reason of any legal proceeding or by reason of
any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s
and each of the Guarantors’ obligations under this Indenture, any indentures supplemental to this Indenture with respect to the
applicable series of Securities and the Securities of such series shall be revived and reinstated as though no deposit had occurred pursuant
to Section 11.02 or 11.03, as the case may be, until such time as the Trustee or paying agent is permitted to apply all such funds
or Governmental Obligations in accordance with Section 11.02 or 11.03, as the case may be; provided, however, that if the Company
or any of the Guarantors has made any payment of principal, premium, if any, or interest on any Securities of such series following the
reinstatement of its obligations as aforesaid, the Company or any of the Guarantors, as applicable, shall be subrogated to the rights
of the holders of such Securities of such series to receive such payment from the funds or Governmental Obligations held by the Trustee
or paying agent.
ARTICLE XII.
IMMUNITY
OF INCORPORATORS, STOCKHOLDERS,
OFFICERS AND DIRECTORS
Section 12.01. No
Recourse.
No recourse under or upon any obligation, covenant
or agreement of this Indenture, or of any Security, or for any claim based thereon or otherwise in respect thereof, shall be had against
any incorporator, shareholder, officer or director, past, present or future as such, of the Company or any of the Guarantors or of any
predecessor or successor corporation, either directly or through the Company or any of the Guarantors or any such predecessor or successor
corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or
otherwise; it being expressly understood that this Indenture and the obligations issued hereunder are solely corporate obligations,
and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, shareholders, officers
or directors as such, of the Company or any of the Guarantors or of any predecessor or successor corporation, or any of them, because
of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in
this Indenture or in any of the Securities or implied therefrom; and that any and all such personal liability of every name and nature,
either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every such incorporator,
shareholder, officer or director as such, because of the creation of the indebtedness hereby authorized, or under or by reason of the
obligations, covenants or agreements contained in this Indenture or in any of the Securities or implied therefrom, are hereby expressly
waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issuance of such Securities.
ARTICLE XIII.
MISCELLANEOUS
PROVISIONS
Section 13.01. Effect
on Successors and Assigns.
All the agreements of the Company and each of the
Guarantors in this Indenture or the Securities shall bind its respective successor whether so expressed or not. All agreements of the
Trustee in this Indenture shall bind its successor whether so expressed or not.
Section 13.02. Actions
by Successor.
Any act or proceeding by any provision of this
Indenture authorized or required to be done or performed by any board, committee or officer of the Company or any of the Guarantors shall
and may be done and performed with like force and effect by the corresponding board, committee or officer of any corporation that shall
at the time be the lawful sole successor of the Company or any of the Guarantors, as applicable.
Section 13.03. Notices.
Any notice or communication by the Company, any
of the Guarantors or the Trustee to the others is duly given if in writing and delivered in person or mailed by first-class mail (registered
or certified, return receipt requested), email or overnight air courier guaranteeing next day delivery, to the other’s address:
If to the Company: |
Tyco Electronics Group S.A.
46 Place Guillaume II
L-1648 Luxembourg
Attention: Managing Director or Regional Treasurer
Email: [***]@te.com |
|
|
If to Parent Guarantor: |
TE Connectivity plc
Parkmore Business Park West,
Parkmore, H91VN2T Ballybrit,
Galway, Ireland
Attention: Harold G. Barksdale, Vice President and
Corporate Secretary
Email: [***]@te.com |
|
|
If to Additional Guarantor: |
TE Connectivity Switzerland Ltd.
Mühlenstrasse 26, CH-8200
Schaffhausen, Switzerland
Attention: Harold G. Barksdale, Secretary
Email: [***]@te.com |
|
|
In either case, with copies to: |
|
|
|
|
TE Connectivity plc
1050 Westlakes Drive
Berwyn, PA 19312
Attention: Harold G. Barksdale, Vice President and
Corporate Secretary
Email: [***]@te.com |
|
|
and |
|
|
|
|
TE Connectivity plc
1050 Westlakes Drive
Berwyn, PA 19312
Attention: Senior Vice President and Treasurer |
|
Email: [***]@te.com |
|
|
and |
|
|
|
|
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, New York 10153
Attention: Corey R. Chivers
Email: [***]@weil.com |
|
|
If to the Trustee: |
Deutsche Bank Trust Company Americas
One Columbus Circle Floor 4S
Mail Stop: NYC01-1710
New York, New York 10019 |
|
Email: [***]@db.com |
The Company, the Guarantors or the Trustee by notice
to the others may designate additional or different addresses for subsequent notices or communications.
All notices and communications (other than those
sent to Securityholders and the Trustee) shall be deemed to have been duly given: at the time delivered by hand, if personally delivered;
five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if sent by electronic
transmission; and the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next
day delivery; provided that, all notices to the Trustee shall be deemed to have been duly given upon actual receipt by the Trustee, it
being understood that the Trustee shall acknowledge receipt of any notice or communication delivered by hand, electronic transmission
or courier.
Any notice or communication to a Securityholder
shall be mailed by first-class mail, certified or registered, return receipt requested, to his address shown on the Security Register.
Failure to mail a notice or communication to a Securityholder or any defect in it shall not affect its sufficiency with respect to other
Securityholders.
In the event of suspension of regular mail service
or by reason of any other cause it shall be impracticable to give notice by mail, then such notification as shall be given with the approval
of the Trustee shall constitute sufficient notice for every purpose hereunder.
If a notice or communication is mailed in the manner
provided above within the time prescribed, it is conclusively presumed duly given, whether or not the addressee receives it.
Section 13.04. Governing
Law.
This Indenture and each Security shall be deemed
to be a contract made under the internal laws of the State of New York, and for all purposes shall be construed in accordance with the
laws of said State without regard to conflicts of laws principles that would require the application of any other law. This Indenture
is subject to the provisions of the Trust Indenture Act that are required to be part of this Indenture and shall, to the extent applicable,
be governed by such provisions.
Section 13.05. Treatment
of Securities as Debt.
It is intended that the Securities will be treated
as indebtedness and not as equity for United States federal income tax purposes. The provisions of this Indenture shall be interpreted
to further this intention.
Section 13.06. Compliance
Certificates and Opinions.
(a) Upon
any application or demand by the Company or any of the Guarantors to the Trustee to take any action under any of the provisions of this
Indenture, the Company or any of the Guarantors shall furnish to the Trustee an Officer’s Certificate stating that, in the opinion
of the signer, all conditions precedent provided for in this Indenture 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 have been complied with, except that in the
case of any such application or demand as to which the furnishing of such documents is specifically dealt with by any provision of this
Indenture relating to such particular application or demand, no additional certificate or opinion need be furnished.
(b) Each
certificate or opinion provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition or covenant
in this Indenture shall include: (1) a statement that the Person making such certificate or opinion has read such covenant or condition;
(2) 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; (3) a statement that, in the opinion of such Person, 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 (4) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been
complied with.
Section 13.07. Payments
on Business Days.
Except as provided pursuant to Section 2.01
pursuant to a Board Resolution, and as set forth in an Officer’s Certificate or established in one or more indentures supplemental
to this Indenture, in any case where the date of maturity of interest or principal of any Security or the date of redemption of any Security
shall not be a Business Day, then payment of principal, premium, if any, or interest or principal and premium, if any, may be made on
the next succeeding Business Day with the same force and effect as if made on the nominal date of maturity or redemption, and no interest
shall accrue for the period after such nominal date.
Section 13.08. Conflict
with Trust Indenture Act.
If and to the extent that any provision of this
Indenture limits, qualifies or conflicts with the duties imposed by Sections 310 to 317, inclusive, of the Trust Indenture Act, such imposed
duties shall control.
Section 13.09. Counterparts
and Electronic Signatures.
This Indenture may be executed in any number of
counterparts. Each signed copy will be an original, but all of them together represent the same agreement. The exchange of copies of this
Indenture and of signature pages by facsimile, PDF or other electronic transmission shall constitute effective execution and delivery
of this Indenture as to the parties hereto and may be used in lieu of the original Indenture and signature pages for all purposes
and shall constitute effective execution and delivery of this Indenture as to the parties hereto and will be of the same effect, validity
and enforceability as manually executed signatures or a paper-based recordkeeping system, as the case may be, to the extent and as provided
for under applicable law, including the Electronic Signatures in Global and National Commerce Act of 2000 (15 U.S.C. §§ 7001-7006),
the Electronic Signatures and Records Act of 1999 (N.Y. State Tech. §§ 301-309), or any other similar state laws based on the
Uniform Electronic Transactions Act; provided that, notwithstanding anything herein to the contrary, the Trustee is not under any
obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by such Trustee pursuant to
procedures approved by such Trustee.
Section 13.10. Separability.
In case any one or more of the provisions contained
in this Indenture or in the Securities of any series shall for any reason be held to be invalid, illegal or unenforceable in any respect,
such invalidity, illegality or unenforceability shall not affect any other provisions of this Indenture or of such Securities, but this
Indenture and such Securities shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein
or therein.
Section 13.11. No
Adverse Interpretation of Other Agreements.
This Indenture may not be used to interpret another
indenture, loan or debt agreement of the Company, any of the Guarantors or a Subsidiary. Any such indenture, loan or debt agreement may
not be used to interpret this Indenture.
Section 13.12. Table
of Contents, Headings, Etc.
The Table of Contents, Cross-Reference Table and
Headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not to be considered
a part hereof and shall in no way modify or restrict any of the terms or provisions hereof.
Section 13.13. Consent
to Jurisdiction and Service of Process.
Each of the Company and the Guarantors agrees that
any legal suit, action or proceeding brought by any party to enforce any rights under or with respect to this Indenture, any Security
and any Guarantee or any other document or the transactions contemplated hereby or thereby may be instituted in any state or federal court
in The City of New York, State of New York, United States of America, irrevocably waives to the fullest extent permitted by law any objection
which it may now or hereafter have to the laying of venue of any such suit, action or proceeding, irrevocably waives to the fullest extent
permitted by law any claim that and agrees not to claim or plead in any court that any such action, suit or proceeding brought in such
court has been brought in an inconvenient forum and irrevocably submits to the non-exclusive jurisdiction of any such court in any such
suit, action or proceeding or for recognition and enforcement of any judgment in respect thereof.
Each of the Company and the Guarantors hereby irrevocably
and unconditionally designates and appoints CT Corporation System, 28 Liberty Street, 42nd Floor, New York, New York 10005,
U.S.A. (and any successor entity) as its authorized agent to receive and forward on its behalf service of any and all process which may
be served in any such suit, action or proceeding in any such court and agrees that service of process upon CT Corporation shall be deemed
in every respect effective service of process upon the Company in any such suit, action or proceeding and shall be taken and held to be
valid personal service upon the Company or any of the Guarantors, as the case may be. Said designation and appointment shall be irrevocable.
Nothing in this Section 13.13 shall affect the right of the Holders to serve process in any manner permitted by law or limit the
right of the Holders to bring proceedings against the Company or any of the Guarantors in the courts of any jurisdiction or jurisdictions.
Each of the Company and the Guarantors further agrees to take any and all action, including the execution and filing of any and all such
documents and instruments, as may be necessary to continue such designation and appointment of CT Corporation in full force and effect
so long as the Securities are outstanding. Each of the Company and the Guarantors hereby irrevocably and unconditionally authorizes and
directs CT Corporation to accept such service on its behalf. If for any reason CT Corporation ceases to be available to act as such, each
of the Company and the Guarantors agrees to designate a new agent in New York City.
To the extent that the Company or any of the Guarantors
has or hereafter may acquire any immunity from jurisdiction of any court (including any court in the United States, the State of New York,
Luxembourg, Ireland, Switzerland or other jurisdiction in which the Company or any of the Guarantors, or any successor thereof, may
be organized or any political subdivisions thereof) or from any legal process (whether through service of notice, attachment prior to
judgment, attachment in aid of execution, execution or otherwise) with respect to itself or its property or assets, this Indenture, the
Securities, the Guarantees or any other documents or actions to enforce judgments in respect of any thereof, then each of the Company
and the Guarantors hereby irrevocably waives such immunity, and any defense based on such immunity, in respect of its obligations under
the above-referenced documents and the transactions contemplated thereby, to the extent permitted by law.
Section 13.14. Waiver
of Jury Trial.
EACH OF THE COMPANY, THE GUARANTORS AND THE TRUSTEE
HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING
ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY.
Section 13.15. USA
Patriot Act
The parties hereto acknowledge that in accordance
with Section 326 of the USA Patriot Act the Trustee, like all financial institutions and in order to help fight the funding of terrorism
and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes
a relationship or opens an account with Deutsche Bank Trust Company Americas. The parties to this Indenture agree that they will provide
the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the USA Patriot Act.
ARTICLE XIV.
ADDITIONAL
AMOUNTS; CERTAIN TAX PROVISIONS
Section 14.01. Redemption
Upon Changes in Withholding Taxes.
The Securities of any series may be redeemed, as
a whole but not in part, at the option of the Company, upon not less than 10 nor more than 60 days notice (which notice shall be irrevocable),
at a redemption price equal to 100% of the principal amount thereof, together with accrued interest, if any, to the redemption date and
Additional Amounts (as defined in Section 14.02), if any, if as a result of any amendment to, or change in, the laws or regulations
of Luxembourg, Switzerland, Ireland or any other jurisdiction in which the Company or any Guarantor or any successor thereof of the
Company or any Guarantor may be organized or the United States, as applicable, or any political subdivision thereof or therein having
the power to tax (a “Taxing Jurisdiction”) or any change in the application or official interpretation of such laws,
including any action taken by a taxing authority or a holding by a court of competent jurisdiction (regardless of whether such action
or such holding is with respect to the Company or any of the Guarantors), which amendment or change is first announced or becomes effective
after the date the Securities of such series are issued, the Company or any of the Guarantors has become, or there is a material probability
that it will become, obligated to pay Additional Amounts on the next date on which any amount would be payable with respect to the Securities
of such series, and such obligation cannot be avoided by the use of commercially reasonable measures available to the Company or any of
the Guarantors, as the case may be; provided, however, that (a) no such notice of redemption may be given earlier than 60 days
prior to the earliest date on which the Company or any of the Guarantors, as the case may be, would be obligated to pay such Additional
Amounts, and (b) at the time such notice of redemption is given, such obligation to pay such Additional Amounts remains in effect.
Prior to the giving of any notice of redemption described in this paragraph, the Company shall deliver to the Trustee (i)(A) certificate
signed by two directors of the Company stating that the obligation to pay Additional Amounts cannot be avoided by the Company taking commercially
reasonable measures available to it or (B) a certificate signed by two Officers or members of the board of directors of Parent Guarantor
stating that the obligation to pay Additional Amounts cannot be avoided by the Parent Guarantor taking commercially reasonable measures
available to it or (C) a certificate signed by two members of the board of directors of Additional Guarantor stating that the obligation
to pay Additional Amounts cannot be avoided by the Additional Guarantor taking commercially reasonable measures available to it and (ii) a
written opinion of independent legal counsel to the Company or any of the Guarantors, as the case may be, of recognized standing to the
effect that the Company or any of the Guarantors, as the case may be, has paid or there is a material probability that it will become
obligated to pay Additional Amounts as a result of a change, amendment, official interpretation or application described above and that
the Company or any of the Guarantors as the case may be, cannot avoid the payment of such Additional Amounts by taking commercially reasonable
measures available to it.
Section 14.02. Payment
of Additional Amounts.
All payments made by the Company or any of the
Guarantors under or with respect to the Securities and the Guarantees will be made free and clear of and without withholding or deduction
for or on account of any present or future taxes, duties, levies, imposts, assessments or governmental charges of whatever nature imposed
or levied by or on behalf of any Taxing Jurisdiction (“Taxes”), unless the Company or any of the Guarantors, as the
case may be, is required to withhold or deduct Taxes by law or by the interpretation or administration thereof. In the event that the
Company or any of the Guarantors is required to so withhold or deduct any amount for or on account of any Taxes from any payment made
under or with respect to the Securities or the Guarantees, as the case may be, the Company or any of the Guarantors, as the case may be,
will pay such additional amounts (“Additional Amounts”) so that the net amount received by each holder of Securities
(including Additional Amounts) will equal the amount that such Holder would have received if such Taxes had not been required to be withheld
or deducted; provided that no Additional Amounts will be payable with respect to a payment to a holder of Securities where such holder
is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than the holder’s mere ownership of
the Securities , nor will the Company or any of the Guarantors, as the case may be, pay Additional Amounts or for or on the account of:
(a) any
Taxes that are imposed or withheld solely because the beneficial owner of such Securities or a fiduciary, settler, beneficiary, or member
of the beneficial owner if the beneficial owner is an estate, trust, partnership, limited liability company or other fiscally transparent
entity, or a person holding a power over an estate or trust administered by a fiduciary holder:
(i) is
or was present or engaged in, or is or was treated as present or engaged in, a trade or business in the Taxing Jurisdiction or has or
had a permanent establishment in the Taxing Jurisdiction;
(ii) has
or had any present or former connection (other than the mere fact of ownership of such Securities) with the Taxing Jurisdiction imposing
such Taxes, including being or having been a citizen or resident thereof or being treated as being or having been a resident thereof;
(iii) with
respect to any withholding Taxes imposed by the United States, is or was, with respect to the United States, a personal holding company,
a passive foreign investment company, a controlled foreign corporation, a foreign tax exempt organization or a corporation that has accumulated
earnings to avoid United States federal income tax;
(iv) owns
or owned 10% or more of the issued share capital or total combined voting power of all classes of stock of the Company or any of the Guarantors;
or
(v) with
respect to Taxes that are imposed or withheld by Ireland, is entitled to profits available for distribution of the Company or any of the
Guarantors;
(b) any
estate, inheritance, gift, sales, transfer, excise or personal property Taxes imposed with respect to the Securities, except as otherwise
provided herein;
(c) any
Taxes imposed solely as a result of the presentation of such Securities (where presentation is required) for payment on a date more than
30 days after the date on which such payment became due and payable or the date on which payment thereof is duly provided for, whichever
is later, except to the extent that the beneficiary or Holder thereof would have been entitled to the payment of Additional Amounts had
the Securities been presented for payment on any date during such 30-day period;
(d) any
Taxes imposed solely as a result of the failure of the beneficial owner or any other person to comply with applicable certification, information,
documentation or other reporting requirements concerning the nationality, residence, identity or connection with the Taxing Jurisdiction
of the holder or beneficial owner of such Securities, if such compliance is required by statute or regulation of the relevant Taxing Jurisdiction
as a precondition to relief or exemption from such Taxes;
(e) with
respect to withholding Taxes imposed by the United States, any such Taxes imposed by reason of the failure of the beneficial owner to
fulfill the statement requirements of sections 871(h) or 881(c) of the Code;
(f) any
Taxes that are payable by any method other than withholding or deduction by the Company or any of the Guarantors or any paying agent from
payments in respect of such Securities;
(g) any
Taxes that are required to be withheld by any paying agent from any payment in respect of any Securities if such payment can be made without
such withholding by at least one other paying agent;
(h) [reserved];
(i) with
respect to withholding Taxes imposed by Ireland, any such Taxes imposed by reason of the failure of the beneficial owner to fulfill the
requirements of section 246(3) of the Taxes Consolidation Act, 1997 of Ireland (as amended);
(j) any
Taxes required to be deducted or withheld pursuant to the Luxembourg law of December 23, 2005, as amended, introducing a 20% withholding
tax on certain interest payments;
(k) with
respect to withholding Taxes imposed by the United States, any such Taxes imposed under Sections 1471 through 1474 of the Code, and any
regulations or other administrative authority promulgated thereunder, any agreements entered into pursuant to Section 1471(b)(1) of
the Code, any intergovernmental agreement entered into in connection with any of the foregoing and any fiscal or regulatory legislation,
rules or practices adopted pursuant to any such intergovernmental agreement;
(l) any
withholding or deduction for Taxes which would not have been imposed if the relevant Securities had been presented to another paying agent
in a Member State of the European Union; or
(m) any
combination of Section 14.02(a), (b), (c), (d), (e), (f), (g), (h), (i), (j), (k) and (l).
Additional Amounts also will not be payable to
a Holder of Securities that is a fiduciary, partnership, limited liability company or other fiscally transparent entity, or to a beneficial
owner of Securities that is not the sole beneficial owner of such Securities, as the case may be. This exception, however, will apply
only to the extent that a beneficiary or settlor with respect to the fiduciary, or a beneficial owner or member of the partnership, limited
liability company or other fiscally transparent entity, would not have been entitled to the payment of an Additional Amount had the beneficiary,
settlor, beneficial owner or member received directly its beneficial or distributive share of the payment.
The Company or any of the Guarantors, as the case
may be, will also (i) make such withholding or deduction of Taxes and (ii) remit the full amount of Taxes so deducted or withheld
to the relevant Taxing Jurisdiction in accordance with all applicable laws. The Company or any of the Guarantors, as applicable, will
use its commercially reasonable efforts to obtain certified copies of tax receipts evidencing the payment of any Taxes so deducted or
withheld from each Taxing Authority imposing such Taxes. The Company or any of the Guarantors, as the case may be, will, upon request,
make available to the holders of the Securities, within 90 days after the date the payment of any Taxes so deducted or withheld is due
pursuant to applicable law, certified copies of tax receipts evidencing such payment by the Company or any of the Guarantors or if, notwithstanding
the Company’s or any of the Guarantors’ efforts to obtain such receipts, the same are not obtainable, other evidence of such
payments by the Company or any of the Guarantors.
At least 30 days prior to each date on which any
payment under or with respect to the Securities or Guarantees is due and payable, if the Company or any of the Guarantors will be obligated
to pay Additional Amounts with respect to such payment, the Company or any of the Guarantors will deliver to the Trustee an Officer’s
Certificate stating the fact that such Additional Amounts will be payable, the amounts so payable and will set forth such other information
as is necessary to enable such Trustee to pay such Additional Amounts to holders of Securities on the payment date.
In addition, the Company will pay any stamp, issue,
registration, documentary or other similar taxes and duties, including interest, penalties and Additional Amounts with respect thereto,
payable in Luxembourg or the United States or any political subdivision or taxing authority of or in the foregoing in respect of the creation,
issue, offering, enforcement, redemption or retirement of the Securities. However, the Company will not be required to pay any Luxembourg
registration duties in connection with the voluntary registration, by any person other than the Company, of the notes or any related document
with the Administration de l’enregistrement, des domaines et de la TVA in Luxembourg or registration, submission or filing
of the notes in Luxembourg when such registration, submission or filing is not required to create, maintain, perfect or enforce the rights
of the Company under the notes.
The provisions of this Article XIV shall survive
any termination of the discharge of this Indenture and shall apply mutatis mutandis to any jurisdiction in which the Company or any of
the Guarantors or any successor Person to the Company or any of the Guarantors, as the case may be, is organized or is engaged in business
for tax purposes or any political subdivisions or taxing authority or agency thereof or therein; provided, however, the date on which
the Company or any of the Guarantors changes its jurisdiction in which it is organized or such Person becomes a successor to the Company
or any of the Guarantors, as the case may be, shall be substituted for the date on which the series of Securities was issued.
Whenever in this Indenture, the Securities or the
Guarantees there is mentioned, in any context, the payment of principal and premium, if any, redemption price, interest or any other amount
payable under or with respect to any Security, such mention shall be deemed to include mention of the payment of Additional Amounts to
the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof.
ARTICLE XV.
GUARANTEES
Section 15.01. Guarantee.
For the avoidance of doubt, the Guarantee provided
by the Additional Guarantor shall constitute a joint and several Guarantee of the Company’s obligations under the Indenture and
shall not constitute a guarantee of the Parent Guarantor’s obligations under its Guarantee.
Each of the Guarantors hereby jointly and severally,
fully and unconditionally guarantees (i) to each holder of each Security that is authenticated and delivered by the Trustee, and
(ii) to the Trustee on behalf of such Holder, the due and punctual payment of the principal of, premium, if any, and interest on
such Security when and as the same shall become due and payable, whether at the stated maturity, by acceleration, call for redemption
or otherwise, in accordance with the terms of such Security and of this Indenture. In case of the failure of the Company punctually to
make any such payment, each of the Guarantors hereby agrees, jointly and severally, to cause such payment to be made punctually when and
as the same shall become due and payable, whether at the stated maturity or by acceleration, call for redemption or otherwise, and as
if such payment were made by the Company.
Each of the Guarantors hereby agrees that its obligations
hereunder shall be absolute and unconditional, irrespective of, and shall be unaffected by, the validity, regularity or enforceability
of such Security or this Indenture, the absence of any action to enforce the same or any release, amendment, waiver or indulgence granted
to the Company or any of the Guarantors or any consent to departure from any requirement of any other guarantee of all or any of the Securities
or any other circumstances which might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor. Each of
the Guarantors hereby waives the benefits of diligence, presentment, demand for payment, any requirement that the Trustee or any of the
Holders protect, secure, perfect or insure any security interest in or other lien on any property subject thereto or exhaust any right
or take any action against the Company or any other Person or any collateral, filing of claims with a court in the event of insolvency
or bankruptcy of the Company, any right to require a proceeding first against the Company, protest or notice with respect to such Security
or the indebtedness evidenced thereby and all demands whatsoever, and covenants that this Guarantee will not be discharged in respect
of such Security except by complete performance of the obligations contained in such Security and in such Guarantee. Each of the Guarantors
agrees that if, after the occurrence and during the continuance of an Event of Default, the Trustee or any of the Holders of the applicable
series of Securities are prevented by applicable law from exercising their respective rights to accelerate the maturity of such Securities,
to collect interest on such Securities, or to enforce or exercise any other right or remedy with respect to such Securities, each of the
Guarantors agrees to pay to the Trustee for the account of such Holders, upon demand therefor, the amount that would otherwise have been
due and payable had such rights and remedies been permitted to be exercised by the Trustee or any of such Holders.
Each of the Guarantors shall be subrogated to all
rights of the holders of the Securities against the Company in respect of any amounts paid by such Guarantor on account of such Security
pursuant to the provisions of its Guarantee or this Indenture; provided, however, that each of the Guarantors shall not be entitled
to enforce or to receive any payment arising out of, or based upon, such right of subrogation until the principal of and interest on all
Securities of such series issued hereunder shall have been paid in full.
The Guarantee shall remain in full force and effect
and continue to be effective should any petition be filed by or against the Company for liquidation or reorganization, should the Company
become insolvent or make an assignment for the benefit of creditors or should a receiver or trustee be appointed for all or any part of
the Company’s assets, and shall, to the fullest extent permitted by law, continue to be effective or be reinstated, as the case
may be, if at any time payment and performance of such Securities, is, pursuant to applicable law, rescinded or reduced in amount, or
must otherwise be restored or returned by any holder of such Securities, whether as a “voidable preference,” “fraudulent
transfer,” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part
thereof, is rescinded, reduced, restored or returned, such Securities shall, to the fullest extent permitted by law, be reinstated and
deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.
Any term or provision of the Guarantee to the contrary
notwithstanding, the aggregate amount of the obligations guaranteed hereunder shall be reduced to the extent necessary to prevent such
Guarantee from violating or becoming voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar
laws affecting the rights of creditors generally.
Section 15.02. Execution
and Delivery of Guarantee.
The Guarantee shall include the terms of the Guarantee
set forth in Section 15.01 and shall be substantially in the form established pursuant to Section 2.16. Each of the Guarantors
hereby agrees to execute its Guarantee, in a form established pursuant to Section 2.16, on each Security authenticated and delivered
by the Trustee.
The Guarantee shall be executed on behalf of Parent
Guarantor by any one of its chairman of the Board of Directors, president, vice presidents or other person duly authorized by Parent Guarantor’s
Board of Directors and on behalf of Additional Guarantor by any one of its members of the Board of Directors or other person duly authorized
by Additional Guarantor’s Board of Directors. The signature of any or all of these persons on the Guarantee may be manual or facsimile.
A Guarantee bearing the manual or facsimile signature
of individuals who were at any time the proper officers of any of the Guarantors shall bind such Guarantor, notwithstanding that such
individuals or any of them have ceased to hold such offices prior to the authentication and delivery of any Security or did not hold such
offices at the date of such Guarantee.
The delivery of any Security by the Trustee, after
the authentication thereof, shall constitute due delivery of the Guarantee on behalf of any of the Guarantors and shall bind such Guarantor
notwithstanding the fact that the Guarantee does not bear the signature of such Guarantor. Each of the Guarantors agrees that its Guarantee
set forth in Section 15.01 and in the form of Guarantee established pursuant to Section 2.16 shall remain in full force and
effect notwithstanding any failure to execute a Guarantee on any such Security.
Section 15.03. Release
of Guarantee.
Notwithstanding anything in this Article XV
to the contrary, concurrently with the payment in full of the principal of, premium, if any, and interest on Securities of a series, any
of the Guarantors shall be released from and relieved of its obligations under this Article XV with respect to the Securities of
such series. Upon the delivery by the Company to the Trustee of an Officer’s Certificate and an Opinion of Counsel to the effect
that the transaction giving rise to the release of this Guarantee was made by the Company in accordance with the provisions of this Indenture
and the Securities, the Trustee shall execute any documents reasonably required in order to evidence the release of any Guarantor from
its obligations under this Guarantee. If any of the obligations to pay the principal of, premium, if any, and interest on such Securities
and all other obligations of the Company are revived and reinstated after the termination of this Guarantee, then all of the obligations
of such Guarantor under this Guarantee shall be revived and reinstated as if this Guarantee had not been terminated until such time as
the principal of, premium, if any, and interest on such Securities are paid in full, and such Guarantor shall enter into an amendment
to this Guarantee, reasonably satisfactory to the Trustee, evidencing such revival and reinstatement.
[The remainder of this page is intentionally
left blank.]
IN WITNESS WHEREOF, the parties hereto have caused
this Indenture to be duly executed all as of the day and year first above written.
|
TYCO ELECTRONICS GROUP S.A. |
|
|
|
|
|
By: |
/s/ Jean-Jacques Fotzeu |
|
|
Name: |
Jean-Jacques Fotzeu |
|
|
Title: |
Director |
|
|
|
TE CONNECTIVITY PLC |
|
|
|
|
|
By: |
/s/ Heath A. Mitts |
|
|
Name: |
Heath A. Mitts |
|
|
Title: |
Executive Vice President and |
|
|
|
Chief Financial Officer |
|
|
|
TE CONNECTIVITY SWITZERLAND LTD. |
|
|
|
|
|
By: |
/s/ Harold G. Barksdale |
|
|
Name: |
Harold G. Barksdale |
|
|
Title: |
Director |
|
DEUTSCHE BANK TRUST COMPANY AMERICAS |
|
as Trustee |
|
|
|
|
|
By: |
/s/ Mary Miselis |
|
|
Name: |
Mary Miselis |
|
|
Title: |
Vice President |
|
|
|
|
|
By: |
/s/ Carol Ng |
|
|
Name: |
Carol Ng |
|
|
Title: |
Vice President |
EXHIBIT A
FORM OF CERTIFICATE OF TRANSFER
Tyco Electronics Group S.A.
46 Place Guillaume II
L-1648 Luxembourg
Attention: The Managing Directors
Deutsche Bank Trust Company Americas, as trustee
One Columbus Circle Floor 4S
New York, New York 10019
Attention: Trust & Securities Services
Re: [insert
description of Securities]
Ladies and Gentlemen,
Reference is hereby
made to the Indenture, dated as of , ,
among Tyco Electronics Group S.A., a Luxembourg company (the “Company”), TE Connectivity plc, a public limited company
incorporated under the laws of Ireland (“Parent Guarantor”), TE Connectivity Switzerland Ltd., a Swiss company (“Additional
Guarantor”), and Deutsche Bank Trustee Company Americas as trustee (the “Trustee”), [as supplemented by that
certain supplemental indenture dated as of ,
][and the Board Resolution adopted ]
(together, the “Indenture”). Capitalized terms used but not defined herein shall have the meanings given to them in
the Indenture. (the “Transferor”) owns and proposes to transfer the Security or Securities or interest[s] in such Security
or Securities specified in Annex A hereto, in the principal amount of $ in such Security or Securities or interest[s] (the “Transfer”),
to (the “Transferee”), as further specified in Annex A hereto. In connection with the Transfer, the Transferor hereby
certifies that:
[CHECK ALL THAT APPLY
1. ¨
Check if Transferee will take delivery of a beneficial interest in the 144A Global Security or a Definitive
Security Pursuant to Rule 144A. The Transfer is being effected pursuant to and in accordance
with Rule 144A under the United States Securities Act of 1933, as amended (the “Securities Act”), and, accordingly,
the Transferor hereby further certifies that the beneficial interest or Definitive Security is being transferred to a Person that the
Transferor reasonably believed and believes is purchasing the beneficial interest or Definitive Security for its own account, or for one
or more accounts with respect to which such Person exercises sole investment discretion, and such Person and each such account is a “qualified
institutional buyer” within the meaning of Rule 144A (a “QIB”) in a transaction meeting the requirements
of Rule 144A and such Transfer is in compliance with any applicable blue sky securities laws of any State of the United States. Upon
consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive
Security will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the 144A Global Security
and/or the Definitive Security and in the Indenture and the Securities Act.
2. ¨
Check if Transferee will take delivery of a beneficial interest in the Regulation S Global Security or
a Definitive Security pursuant to Regulation S. The Transfer is being effected pursuant to
and in accordance with Rule 903 or Rule 904 under the Securities Act and, accordingly, the Transferor hereby further certifies
that (i) the Transfer is not being made to a person in the United States and (y) at the time the buy order was originated, the
Transferee was outside the United States or such Transferor and any Person acting on its behalf reasonably believed and believes that
the Transferee was outside the United States or (z) the transaction was executed in, on or through the facilities of a designated
offshore securities market and neither such Transferor nor any Person acting on its behalf knows that the transaction was prearranged
with a buyer in the United States, (ii) no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or
Rule 904 (b) of Regulation S under the Securities Act, (iii) the transaction is not part of a plan or scheme to evade the
registration requirements of the Securities Act and (iv) if the proposed Transfer is being made prior to the expiration of the Distribution
Compliance Period, the Transfer is not being made to a U.S. person (as such is defined in Regulation S) or for the account or benefit
of a U.S. person (other than an initial purchaser of the Securities) and the interest transferred will be held immediately thereafter
through Euroclear or Clearstream. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred
beneficial interest or Definitive Security will be subject to the restrictions on transfer enumerated in the Private Placement Legend
printed on the Regulation S Global Security and/or the Definitive Security and in the Indenture and the Securities Act.
3. ¨
Check and complete if Transferee will take delivery of a beneficial interest in a Definitive
Security pursuant to any provision of the Securities Act other than Rule 144A or Regulation S. The Transfer is being effected
in compliance with the transfer restrictions applicable to beneficial interests in Restricted Global Securities and Restricted Definitive
Securities and pursuant to and in accordance with the Securities Act and any applicable blue sky securities laws of any State of the
United States, and accordingly the Transferor hereby further certifies that (check one):
(a) ¨
Such Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act; or
(b) ¨
Such Transfer is being effected to the Company or a subsidiary thereof; or
(c) ¨
Such Transfer is being effected pursuant to an effective registration statement under the Securities Act and in compliance with the
prospectus delivery requirements of the Securities Act; or
(d) ¨
Such Transfer is being effected to an Institutional Accredited Investor and pursuant to an exemption from the registration
requirements of the Securities Act other than Rule 144A, Rule 144 or Rule 904, and the Transferor hereby further
certifies that it has not engaged in any general solicitation within the meaning of Regulation D under the Securities Act and the
Transfer complies with the transfer restrictions applicable to beneficial interests in a Restricted Global Security or Restricted
Definitive Security and the requirements of the exemption claimed, which certification is supported by a certificate executed by the
Transferee in the form attached as Exhibit C to the Indenture. Upon consummation of the proposed Transfer in accordance with
the terms of the Indenture, the Definitive Security will be subject to the restrictions on transfer enumerated in the Private
Placement Legend printed on the Definitive Security and in the Indenture and the Securities Act.
4. ¨
Check if Transferee will take delivery of a beneficial interest in an Unrestricted Global
Security or of an Unrestricted Definitive Security.
(a) ¨
Check if Transfer is pursuant to Rule 144. (i) The Transfer is being effected pursuant to and in accordance with
Rule 144 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable
blue sky securities laws of any State of the United States and (ii) the restrictions on transfer contained in the Indenture and the
Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer
in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Security will no longer be subject to
the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Securities, on Restricted Definitive
Securities and in the Indenture and the Securities Act.
(b) ¨
Check if Transfer is Pursuant to Regulation S. (i) The Transfer is being effected pursuant to and in accordance with
Rule 903 or Rule 904 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and
any applicable blue sky securities laws of any State of the United States and (ii) the restrictions on transfer contained in the
Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation
of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Security will
no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Securities,
on Restricted Definitive Securities and in the Indenture and the Securities Act.
(c) ¨
Check if Transfer is Pursuant to Other Exemption. (i) The Transfer is being effected pursuant to and in compliance
with an exemption from the registration requirements of the Securities Act other than Rule 144, Rule 903 or Rule 904 and
in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any State of the
United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required
in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the
Indenture, the transferred beneficial interest or Definitive Security will not be subject to the restrictions on transfer enumerated in
the Private Placement Legend printed on the Restricted Global Securities or Restricted Definitive Securities and in the Indenture.
This certificate and the statements contained herein are made for your
benefit and the benefit of the Company.
|
|
Dated: _________________________________________ |
|
|
|
|
|
|
[Insert Name of Transferor] |
|
|
|
|
|
|
|
|
By: |
|
|
|
|
Name: |
|
|
|
Title: |
|
|
ANNEX A TO CERTIFICATE OF TRANSFER
1. The
Transferor owns and proposed to transfer the following:
[CHECK ONE OF (a) OR (b)]
(a) ¨
a beneficial interest in the:
| (i) | ¨ 144A Global Security (CUSIP ), or |
| (ii) | ¨ Regulation S Global Security (CUSIP ), or |
(b) ¨
a Restricted Definitive Security.
2. After the transfer the Transferee will hold:
(a) ¨
a beneficial interest in the:
| (i) | ¨ 144A Global Security (CUSIP ), or |
| (ii) | ¨ Regulation S Global Security (CUSIP ), or |
| (iii) | ¨ Unrestricted Global Security (CUSIP ); or |
(b) ¨
a Restricted Definitive Security; or
(c) ¨
an Unrestricted Definitive Security,
in accordance with the terms of the Indenture.
EXHIBIT B
FORM OF CERTIFICATE OF EXCHANGE
Tyco Electronics Group S.A.
46 Place Guillaume II
L-1648 Luxembourg
Attention: The Managing Directors
Deutsche Bank Trust Company Americas, as trustee
One Columbus Circle Floor 4S
New York, New York 10019
Attention: Trust & Securities Services
Re: [insert description of the Securities]
Ladies and Gentlemen,
Reference is
hereby made to the Indenture, dated as of ,
, among Tyco Electronics Group S.A., a Luxembourg company (the
“Company”), TE Connectivity plc, a public limited company incorporated under the laws of Ireland
(“Parent Guarantor”), TE Connectivity Switzerland Ltd., a Swiss company (“Additional
Guarantor”), and Deutsche Bank Trust Company Americas, as trustee (the “Trustee”) [as supplemented by
that certain supplemental indenture dated as of ,
][and the Board Resolution adopted
] (together, the “Indenture”). Capitalized
terms used but not defined herein shall have the meanings given to them in the Indenture.
, (the “Owner”) owns and proposes
to transfer the Security or Securities or interest[s] in such Security or Securities specified herein, in the principal amount of $ in
such Security or Securities or interest[s] (the “Exchange”). In connection with the Transfer, the Transferor hereby
certifies that:
1. Exchange
of Restricted Definitive Securities or Beneficial Interests in a Restricted Global Security for Unrestricted Definitive Securities or
Beneficial Interests in an Unrestricted Global Security.
(a) ¨ Check
if Exchange is from beneficial interest in a Restricted Global Security to beneficial interest in an Unrestricted Global
Security. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Security for a
beneficial interest in an Unrestricted Global Security in an equal principal amount, the Owner hereby certifies (i) the
beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected
in compliance with the transfer restrictions applicable to the Global Securities and pursuant to and in accordance with the United
States Securities Act of 1933, as amended (the “Securities Act”), (iii) the restrictions on transfer
contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act
and (iv) the beneficial interest in an Unrestricted Global Security is being acquired in compliance with any applicable blue
sky securities laws of any State of the United States.
(b) ¨ Check
if Exchange is from beneficial interest in a Restricted Global Security to Unrestricted Definitive Security. In
connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Security for an Unrestricted Definitive
Security in an equal principal amount, the Owner hereby certifies (i) the Definitive Security is being acquired for the
Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions
applicable to the Restricted Global Securities and pursuant to and in accordance with the Securities Act, (iii) the
restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain
compliance with the Securities Act and (iv) the Definitive Security is being acquired in compliance with any applicable blue
sky securities laws of any State of the United States.
(c) ¨ Check
if Exchange is from Restricted Definitive Security to beneficial interest in an Unrestricted Global Security. In connection
with the Owner’s Exchange of a Restricted Definitive Security for a beneficial interest in an Unrestricted Global Security,
the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer,
(ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive
Securities and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the
Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and
(iv) the beneficial interest in an Unrestricted Global Security is being acquired in compliance with any applicable blue sky
securities laws of any State of the United States.
(d) ¨ Check
if Exchange is from Restricted Definitive Security to Unrestricted Definitive Security. In connection with the Owner’s
Exchange of a Restricted Definitive Security for an Unrestricted Definitive Security, the Owner hereby certifies (i) the
Unrestricted Definitive Security is being acquired for the Owner’s own account without transfer, (ii) such Exchange has
been effected in compliance with the transfer restrictions applicable to Restricted Definitive Securities and pursuant to and in
accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement
Legend are not required in order to maintain compliance with the Securities Act and (iv) the Unrestricted Definitive Security
is being acquired in compliance with any applicable blue sky securities laws of any State of the United States.
2. Exchange
of Restricted Definitive Securities or Beneficial Interests in Restricted Global Securities for Restricted Definitive Securities or Beneficial
Interests in Restricted Global Securities.
(a) ¨ Check
if Exchange is from beneficial interest in a Restricted Global Security to Restricted Definitive Security. In connection
with the Exchange of the Owner’s beneficial interest in a Restricted Global Security for a Restricted Definitive Security with
an equal principal amount, the Owner hereby certifies that the Restricted Definitive Security is being acquired for the
Owner’s own account without transfer. Upon consummation of the proposed Exchange in accordance with the terms of the
Indenture, the Restricted Definitive Security issued will continue to be subject to the restrictions on transfer enumerated in the
Private Placement Legend printed on the Restricted Definitive Security and in the Indenture and the Securities Act.
(b) ¨ Check
if Exchange is from Restricted Definitive Security to beneficial interest in a Restricted Global Security. In connection
with the Exchange of the Owner’s Restricted Definitive Security for a beneficial interest in the: [CHECK ONE] ¨
144A Global Security or ¨ Regulation S Global Security with an equal principal
amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without
transfer and (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Global
Securities and pursuant to and in accordance with the Securities Act, and in compliance with any applicable blue sky securities laws
of any State of the United States. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the
beneficial interest issued will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the
relevant Restricted Global Security and in the Indenture and the Securities Act.
This certificate and the statements contained herein are made for your
benefit and the benefit of the Company.
|
|
[Insert Name of Owner] |
|
|
|
By: |
|
|
|
Name: |
|
|
Title: |
|
|
|
Dated: |
|
|
|
EXHIBIT C
FORM OF CERTIFICATE FROM ACQUIRING
INSTITUTIONAL ACCREDITED INVESTOR
Tyco Electronics Group S.A.
46 Place Guillaume II,
L-1648 Luxembourg
Attention: The Managing Directors
Deutsche Bank Trust Company Americas, as trustee
One Columbus Circle Floor 4S
New York, New York 10019
Attention: Trust & Securities Services
Re: [insert description of the Securities]
Ladies and Gentlemen,
Reference is hereby
made to the Indenture, dated as of , ,
among Tyco Electronics Group S.A., a Luxembourg company (the “Company”), TE Connectivity plc, a public limited company
incorporated under the laws of Ireland (“Parent Guarantor”), TE Connectivity Switzerland Ltd., a Swiss company (“Additional
Guarantor”), and Deutsche Bank Trust Company Americas, as trustee (the “Trustee”), [as supplemented by that
certain supplemental indenture dated as of ,
][and the Board Resolution adopted ] (together, the “Indenture”).
Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture.
In connection with
our proposed purchase of $ aggregate
principal amount of: (a) a beneficial interest in a Global Security, or (b) a Definitive Security, we confirm that:
1. We
understand that any subsequent transfer of the Securities or any interest therein is subject to certain restrictions and conditions set
forth in the Indenture and the undersigned agrees to be bound by, and not to resell, pledge or otherwise transfer the Securities or any
interest therein except in compliance with, such restrictions and conditions and the United States Securities Act of 1933, as amended
(the “Securities Act”).
2. We
understand that the offer and sale of the Securities have not been registered under the Securities Act, and that the Securities and any
interest therein may not be offered or sold except as permitted in the following sentence. We agree, on our own behalf and on behalf of
any accounts for which we are acting as hereinafter stated, that if we should sell the Securities or any interest therein, we will do
so only (1) in the United States to a person whom the seller reasonably believes is a “qualified institutional buyer”
(as defined in Rule 144A under the Securities Act) in a transaction meeting the requirements of Rule 144A, (2) outside
the United States in an offshore transaction in accordance with Rule 904 under the Securities Act, (3) pursuant to an exemption
from registration under the Securities Act provided by Rule 144 thereunder (if available) or (4) pursuant to an effective registration
statement under the Securities Act, in each of cases (1) through (4) in accordance with any applicable securities laws of any
state of the United States, and we further agree to notify any purchaser of the Securities from us of the resale restrictions referred
to above.
3. We
understand that, on any proposed resale of the Securities or beneficial interest therein, we will be required to furnish to you and the
Company such certifications, legal opinions and other information as you and the Company may reasonably require to confirm that the proposed
sale complies with the foregoing restrictions. We further understand that any subsequent transfer by us of the Securities or beneficial
interest therein acquired by us must be effected through one of the initial purchasers of the Securities.
4. We
are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) of Regulation D under
the Securities Act) and have such knowledge and experience in financial and business matters as to be capable of evaluating the merits
and risks of our investment in the Securities, and we and any accounts for which we are acting are each able to bear the economic risk
of our or its investment.
5. We
are acquiring the Securities or beneficial interest therein purchased by us for our own account or for one or more accounts (each of which
is an institutional “accredited investor”) as to each of which we exercise sole investment discretion.
You and the Company are entitled to rely upon this
letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings
or official inquiry with respect to the matters covered hereby.
|
|
Dated: _________________________________________ |
[Insert Name of Accredited Investor] |
|
|
|
|
|
|
|
|
By: |
|
|
|
|
Name: |
|
|
|
Title: |
|
|
Exhibit 4.2
TYCO ELECTRONICS GROUP S.A.,
as Issuer
AND
TE CONNECTIVITY PLC,
as Parent Guarantor
AND
TE CONNECTIVITY SWITZERLAND LTD.,
as Additional Guarantor
AND
DEUTSCHE BANK TRUST
COMPANY AMERICAS,
as Trustee
FIRST SUPPLEMENTAL INDENTURE
Dated as of January 31, 2025
€750,000,000 of 3.250% Senior Notes due 2033
THIS FIRST SUPPLEMENTAL INDENTURE is dated as of
January 31, 2025 among TYCO ELECTRONICS GROUP S.A., a Luxembourg public limited liability company (société anonyme)
having its registered office at 46 Place Guillaume II, L-1648 Luxembourg and registered with the Luxembourg trade and companies register
(Registre de commerce et des sociétés, Luxembourg) under number B.123549 (the “Company”), TE CONNECTIVITY
PLC (the “Parent Guarantor”), TE CONNECTIVITY SWITZERLAND LTD. (the “Additional Guarantor” and,
together with the Parent Guarantor, the “Guarantors”) and DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking
corporation, as trustee (the “Trustee”).
RECITALS
A. The
Company, the Guarantors and the Trustee executed and delivered an Amended and Restated Indenture, dated as of January 31, 2025 (the
“Base Indenture”), to provide for the issuance by the Company from time to time of unsubordinated debt securities evidencing
its unsecured indebtedness.
B. Pursuant
to a Board Resolution, the Company has authorized the issuance of €750,000,000 aggregate principal amount of 3.250% Senior Notes
due 2033 (the “Offered Securities”).
C. The
entry into this First Supplemental Indenture by the parties hereto is in all respects authorized by the provisions of the Base Indenture.
D. The
Company and the Guarantors desire to enter into this First Supplemental Indenture pursuant to (a) Section 9.01(i) of the
Base Indenture to establish the terms of the Offered Securities in accordance with Section 2.01 of the Base Indenture and to establish
the form of the Offered Securities in accordance with Section 2.02 of the Base Indenture, and (b) Section 9.01(f) of
the Base Indenture to change or eliminate certain provisions of the Base Indenture, it being acknowledged that such changes and eliminations
shall not be effective with respect to any outstanding Security of any series created prior to the execution of this First Supplemental
Indenture which is entitled to the benefit of such provision.
E. All
things necessary to make this First Supplemental Indenture a valid indenture and agreement according to its terms have been done.
NOW, THEREFORE, for and in consideration of the
foregoing premises, the Company, the Guarantors and the Trustee mutually covenant and agree for the equal and proportionate benefit of
the respective holders from time to time of the Offered Securities as follows:
ARTICLE I
Section 1.1. Terms of Offered
Securities.
The following terms relate to the Offered Securities:
(1) The
Offered Securities constitute a series of securities having the title “3.250% Senior Notes due 2033”.
(2) The
initial aggregate principal amount of the Offered Securities that may be authenticated and delivered under the Base Indenture (except
for Offered Securities authenticated and delivered upon registration of, transfer of, or in exchange for, or in lieu of, other Offered
Securities pursuant to Section 2.05, 2.06, 2.07, 2.11, or 3.03) is €750,000,000.
(3) The
entire Outstanding principal of the Offered Securities shall be payable on January 31, 2033.
(4) The
rate at which the Offered Securities shall bear interest shall be 3.250% per year payable as set forth in the Offered Securities. The
date from which interest shall accrue on the Offered Securities shall be January 31, 2025 or the then most recent Interest Payment
Date to which interest has been paid or provided for. The Interest Payment Date for the Offered Securities shall be January 31 of
each year, beginning January 31, 2026. Interest shall be payable on each Interest Payment Date to the holders of record at the close
of business on the Business Day on which each of Euroclear Bank S.A./N.V. (“Euroclear”) and Clearstream Banking S.A.
(“Clearstream”) is open for business prior to each Interest Payment Date (a “regular record date”).
The day count convention is ACTUAL/ACTUAL (ICMA), as defined in the rulebook of the International Capital Markets Association.
(5) The
Offered Securities shall be issuable in whole in the form of one or more registered Global Securities deposited with, or on behalf of,
a common depositary for Euroclear and Clearstream and registered in the name of the common depositary or its nominee. The Offered Securities
shall be substantially in the form attached hereto as Exhibit A, the terms of which are hereby incorporated by reference. The Offered
Securities shall be issuable in minimum denominations of €100,000 or any integral multiple of €1,000 in excess thereof.
(6) Prior
to October 31, 2032 (three months prior to the maturity date of the Offered Securities) (the “Par Call Date”),
the Company may redeem the Offered Securities, in whole or in part, in €1,000 increments (provided that any remaining principal
amount thereof will be at least the minimum authorized denomination thereof) at its option at any time and from time to time (any such
time, a “Make-Whole Redemption Date”), at a redemption price (expressed as a percentage of principal amount and rounded
to three decimal places) equal to the greater of: (i) the sum of the present values of the remaining scheduled payments of principal
and interest in respect of such Offered Securities to be redeemed due on any date after such Make-Whole Redemption Date, assuming that
the Offered Securities matured on the Par Call Date (based on the original interest rate and excluding the portion of interest that will
be accrued and unpaid to and including such Make-Whole Redemption Date) discounted to such Make-Whole Redemption Date on an annual basis
(ACTUAL/ACTUAL (ICMA)) at the Comparable Government Bond Rate plus 15 basis points, and (ii) 100% of the principal amount of the
Offered Securities to be redeemed, plus, in either case, accrued and unpaid interest, thereon to, but excluding, such Make-Whole Redemption
Date. The Company’s actions and determinations in determining the redemption price hereunder shall be conclusive and binding for
all purposes, absent manifest error.
(7) In
addition, on or after the Par Call Date, the Company may redeem the Offered Securities, in whole or in part, in €1,000 increments
(provided that any remaining principal amount thereof will be at least the minimum authorized denomination thereof), at its option
at any time and from time to time (any such time, a “Par Redemption Date”), at a redemption price equal to 100% of
the principal amount of the Offered Securities being redeemed, plus accrued and unpaid interest thereon to, but excluding, such Par Redemption
Date.
(8) Notwithstanding
Section 3.02(b) of the Base Indenture or any provisions in this First Supplemental Indenture, if the Company elects to redeem
a portion but not all of the Offered Securities, the Trustee will select the Offered Securities to be redeemed by such method as it deems
fair and appropriate and in accordance with the applicable procedures of the depositary or the paying agent.
(9) Notices
of redemption shall be mailed or electronically delivered (or otherwise transmitted in accordance with the applicable procedures of Clearstream
and Euroclear) at least 10 days but not more than 60 days before the redemption date to each holder of the Offered Securities to be redeemed.
Any redemption or notice of redemption delivered pursuant to the terms of the Offered Securities and the Base Indenture, as supplemented
by this First Supplemental Indenture, may, at the Company’s discretion, be subject to the satisfaction of one or more conditions
precedent established by the Company in its discretion and, at the Company’s discretion, the redemption date may be delayed until
such time as any or all such conditions shall be satisfied (or waived by the Company in its sole discretion) or the redemption date may
not occur at all and such notice may be rescinded if all such conditions shall not have been satisfied (or waived by the Company in its
sole discretion). Unless the Company defaults in payment of the redemption price on and after the redemption date, interest will cease
to accrue on the Offered Securities or portions thereof called for redemption. If any redemption date would otherwise be a day that is
not a Business Day, the related payment of principal and interest will be made on the next succeeding Business Day as if it were made
on the date such payment was due, and no interest will accrue on the amounts so payable for the period from and after such date to the
next succeeding Business Day.
(10) The
Offered Securities will not have the benefit of any sinking fund.
(11) Except
as provided herein, the holders of the Offered Securities shall have no special rights in addition to those provided in the Base Indenture
upon the occurrence of any particular events.
(12) The
Offered Securities will be general unsecured senior obligations of the Company and will be ranked equally among themselves.
(13) The
Offered Securities are not convertible into shares of common stock or other securities of the Company.
(14) The
additional restrictive covenants set forth in Section 1.3 shall be applicable to the Offered Securities.
(15) Initial
holders of the Offered Securities shall be required to pay for the Offered Securities in euro, and payments of principal, premium, if
any, and interest, including any Additional Amounts, in respect of the Offered Securities will be payable in euro (except as otherwise
provided in this Section 1.1(15)) in accordance with the procedures of Euroclear or Clearstream in effect from time to time. If the
euro is unavailable to the Company or the Guarantors due to the imposition of exchange controls or other circumstances beyond the Company’s
or the Guarantors’ control or if the euro is no longer being used by the then-member states of the European Economic and Monetary
Union that have adopted the euro as their currency or for the settlement of transactions by public institutions of or within the international
banking community, then all payments in respect of the Offered Securities will be made in U.S. dollars until the euro is again available
to the Company or the Guarantors or so used. The amount payable on any date in euro shall be converted to U.S. dollars on the basis of
the then most recently available market exchange rate for euro. Any payment in respect of the Offered Securities so made in U.S. dollars
will not constitute an Event of Default under the Offered Securities, the Base Indenture or this First Supplemental Indenture. Neither
the Trustee nor the Paying Agent shall be responsible for obtaining exchange rates, effecting conversions or otherwise handling redenominations.
(16) The
Company elects, pursuant to Section 2.01 of the Base Indenture, to have the provisions of Article XI of the Base Indenture be
applicable to the Offered Securities.
Section 1.2. Additional Defined
Terms.
For the purposes of the Offered Securities and
this First Supplemental Indenture only, the definitions of “Business Day” and “Governmental Obligations” in Section 1.01
of the Base Indenture are hereby deleted and the following defined terms shall have the following meanings with respect to the Offered
Securities only:
“Accounts Receivable” of any
person means the accounts receivable of such person generated by the sale of inventory to third-party customers in the ordinary course
of business.
“Attributable Debt” means, in
connection with a Sale and Lease-Back Transaction, as of any particular time, the aggregate of present values (discounted at a rate that,
at the inception of the lease, represents the effective interest rate that the lessee would have incurred to borrow over a similar term
the funds necessary to purchase the leased assets) of the obligations of the Company or any Restricted Subsidiary for net rental payments
during the remaining term of the applicable lease, including any period for which such lease has been extended or, at the option of the
lessor, may be extended. The term “net rental payments” under any lease of any period shall mean the sum of the rental and
other payments required to be paid in such period by the lessee thereunder, not including any amounts required to be paid by such lessee,
whether or not designated as rental or additional rental, on account of maintenance and repairs, reconstruction, insurance, taxes, assessments,
water rates or similar charges required to be paid by such lessee thereunder or any amounts required to be paid by such lessee thereunder
contingent upon the amount of sales, maintenance and repairs, reconstruction, insurance, taxes, assessments, water rates or similar charges.
“Below Investment Grade Rating Event”
means the Offered Securities are rated below an Investment Grade Rating by at least two of the Rating Agencies on any date from the date
of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice
of the occurrence of the Change of Control (which 60-day period shall be extended so long as the rating of such Offered Securities is
under publicly-announced consideration for possible downgrade by any of the Rating Agencies); provided that a Below Investment Grade Rating
Event otherwise arising by virtue of a particular reduction in rating shall be deemed not to have occurred in respect of a particular
Change of Control (and thus shall be deemed not to be a Below Investment Grade Rating Event for purposes of the definition of Change of
Control Triggering Event) if the rating agencies making the reduction in rating to which this definition would otherwise apply do not
publicly 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 Below Investment Grade Rating Event).
“Business Day” means any day
that is not a Saturday or Sunday and that in the City of New York, London or Luxembourg, is not a day on which (i) banking institutions
are authorized or obligated by law or executive order to close and (ii) the Trans-European Automated Real-time Gross Settlement Express
Transfer system (known as the T2 system), or any successor or replacement thereto, does not operate.
“Change of Control Triggering Event”
means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.
“Change
of Control” means the occurrence of any of (1) the direct or indirect sale, transfer, conveyance or other disposition (other
than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the assets of the
Parent Guarantor and its Subsidiaries taken as a whole to any person or group of persons for purposes of Section 13(d) of the
Exchange Act other than the Parent Guarantor or one of its Subsidiaries or a person controlled by the Parent Guarantor or one of its Subsidiaries;
(2) consummation of any transaction (including 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 the Parent Guarantor’s or its Subsidiaries’
employee benefit plans, becomes the beneficial owner (as defined in Rules 13(d)(3) and 13(d)(5) under the Exchange Act),
directly or indirectly, of more than 50% of the outstanding voting stock of the Parent Guarantor, measured by voting power rather than
number of shares; or (3) the replacement of a majority of the board of directors of the Parent Guarantor over a two-year period from
the directors who constituted the board of directors of the Parent Guarantor at the beginning of such period, and such replacement shall
not have been approved by at least a majority of the board of directors of the Parent Guarantor then still in office (either by a specific
vote or by approval of a proxy statement in which such member was named as a nominee for election as a director, without objection to
such nomination) who either were members of such board of directors at the beginning of such period or whose election as a member of such
board of directors was previously so approved. Notwithstanding the foregoing, a transaction will not be considered to be a Change of Control
if: (1) pursuant to such transaction the Parent Guarantor becomes a direct or indirect wholly-owned Subsidiary of a holding company;
and (2) immediately following that transaction, (a) the direct or indirect holders of the voting stock of the holding company
are substantially the same as the holders of the Parent Guarantor’s voting stock immediately prior to that transaction or (b) no
person or group is the beneficial owner, directly or indirectly, of more than a majority of the total voting power of the voting stock
of the holding company. Following any such transaction, references in this definition to the Parent Guarantor shall be deemed to refer
to such holding company. For purposes of this definition, “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, managers or trustees, as applicable, of such person.
“Comparable Government Bond”
means, in relation to any Comparable Government Bond Rate calculation selected by the Company, a German Bundesanleihe security
whose maturity is closest to the maturity of the Offered Securities as if the Offered Securities had matured on the Par Call Date, or
if the Company considers that such similar bond is not in issue, such other German Bundesanleihe security as the Company may, with
the advice of three brokers of, and/or market makers in, German Bundesanleihe securities selected by the Company, determine to
be appropriate for determining the Comparable Government Bond Rate.
“Comparable Government Bond Rate”
means the price, expressed as a percentage (rounded to three decimal places, 0.0005 being rounded upwards), at which the gross redemption
yield on the Offered Securities, if they were to be purchased at such price on the third Business Day prior to the Make-Whole Redemption
Date, would be equal to the gross redemption yield on such Business Day of the Comparable Government Bond on the basis of the middle market
price of the Comparable Government Bond prevailing at 11:00 a.m. (London time) on such Business Day as determined by the Company.
“Consolidated Net Worth” at
any date means total assets less total liabilities, in each case appearing on the most recently prepared consolidated balance sheet of
the Parent Guarantor and its Subsidiaries as of the end of a fiscal quarter of the Parent Guarantor, prepared in accordance with United
States generally accepted accounting principles as in effect on the date of the consolidated balance sheet.
“Consolidated Tangible Assets”
at any date means total assets less all intangible assets appearing on the most recently prepared consolidated balance sheet of the Parent
Guarantor and its Subsidiaries as of the end of a fiscal quarter of the Parent Guarantor, prepared in accordance with United States generally
accepted accounting principles as in effect on the date of the consolidated balance sheet. “Intangible assets” means the amount
(if any) stated under the heading “Intangible Assets, Net” or under any other heading of intangible assets separately listed,
in each case on the face of such consolidated balance sheet.
“Depositary”
means Clearstream Banking S.A., and Euroclear Bank S.A./N.V.
“Fitch” means Fitch Ratings
Ltd.
“Funded Indebtedness” means
any Indebtedness maturing by its terms more than one year from the date of the determination thereof, including any Indebtedness renewable
or extendible at the option of the obligor to a date later than one year from the date of the determination thereof.
“Governmental Obligations” will
include (x) any security which is (i) a direct obligation of the German government or (ii) an obligation of a Person controlled
or supervised by and acting as an agency or instrumentality of the German government the payment of which is fully and unconditionally
guaranteed by the German government, the central bank of the German government or a governmental agency of the German government, which,
in either case (x)(i) or (ii), is not callable or redeemable at the option of the issuer thereof, and (y) certificates, depositary
receipts or other instruments which evidence a direct ownership interest in obligations described in clause (x)(i) or (x)(ii) above
or in any specific principal or interest payments due in respect thereof.
“Indebtedness” means, without
duplication, the principal amount (such amount being the face amount or, with respect to original issue discount bonds or zero coupon
notes, bonds or debentures or similar securities, determined based on the accreted amount as of the date of the most recently prepared
consolidated balance sheet of the Parent Guarantor and its Subsidiaries as of the end of a fiscal quarter of the Parent Guarantor prepared
in accordance with United States generally accepted accounting principles as in effect on the date of such consolidated balance sheet)
of (i) all obligations for borrowed money, (ii) all obligations evidenced by debentures, notes or other similar instruments,
(iii) all obligations in respect of letters of credit or bankers acceptances or similar instruments or reimbursement obligations
with respect thereto (such instruments to constitute Indebtedness only to the extent that the outstanding reimbursement obligations in
respect thereof are collateralized by cash or cash equivalents reflected as assets on a balance sheet prepared in accordance with United
States generally accepted accounting principles), (iv) all obligations to pay the deferred purchase price of property or services,
except (A) trade and similar accounts payable and accrued expenses, (B) employee compensation, deferred compensation and pension
obligations, and other obligations arising from employee benefit programs and agreements or other similar employment arrangements, (C) obligations
in respect of customer advances received and (D) obligations in connection with earnout and holdback agreements, in each case in
the ordinary course of business, (v) all obligations as lessee to the extent capitalized in accordance with United States generally
accepted accounting principles, other than operating leases that prior to the adoption of ASC 842 would not have been capitalized, and
(vi) all Indebtedness of others consolidated in such balance sheet that is guaranteed by the Company or any of its Subsidiaries or
for which the Company or any of its Subsidiaries is legally responsible or liable (whether by agreement to purchase indebtedness of, or
to supply funds or to invest in, others).
“Investment Grade Rating” means
a rating equal to or higher than BBB− (or the equivalent) by Fitch, Baa3 (or the equivalent) by Moody’s and BBB− (or
the equivalent) by S&P.
“Moody’s” means Moody’s
Investors Service, Inc.
“Paying Agent” means any Person
authorized by the Guarantors or the Company to pay or cause to be paid the principal of or any premium or interest on any Offered Securities
on behalf of the Guarantors or the Company.
“Principal Property” means any
U.S. manufacturing, processing or assembly plant or any U.S. warehouse or distribution facility of the Parent Guarantor or any of its
Subsidiaries that is used by any U.S. Subsidiary of the Company and (A) is owned by the Parent Guarantor or any Subsidiary of the
Parent Guarantor on the date hereof, (B) the initial construction of which has been completed after the date hereof, or (C) is
acquired after the date hereof, in each case, other than any such plants, facilities, warehouses or portions thereof, that in the opinion
of the Board of Directors of the Company, are not collectively of material importance to the total business conducted by the Parent Guarantor
and its Subsidiaries as an entirety, or that has a net book value (excluding any capitalized interest expense), on the date hereof in
the case of clause (A) of this definition, on the date of completion of the initial construction in the case of clause (B) of
this definition or on the date of acquisition in the case of clause (C) of this definition, of less than the greater of $50,000,000
and 0.50% of Consolidated Tangible Assets on the consolidated balance sheet of the Parent Guarantor and its Subsidiaries as of the applicable
date.
“Qualifying
Subsidiary” means a U.S. Subsidiary, the total Accounts Receivable of which exceeds the greater of $2.5 million and 0.20% of
the amount stated under the heading “Accounts receivable, net of allowance for doubtful accounts,” or its equivalent,
appearing on the most recently prepared consolidated balance sheet of the Parent Guarantor and its Subsidiaries as of the end of a fiscal
quarter of the Parent Guarantor, prepared in accordance with United States generally accepted accounting principles.
“Rating
Agencies” means (1) each of Fitch, Moody’s and S&P; and (2) if any of Fitch, Moody’s or S&P ceases
to rate the Offered Securities or fails to make a rating of the Offered Securities publicly available for reasons outside of the Company’s
control, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) of the Exchange
Act selected by the Company (as certified by a resolution of the Company’s Board of Directors) as a replacement agency for Fitch,
Moody’s or S&P, or all of them, as the case may be.
“Restricted Subsidiary” means
any Subsidiary of the Company that owns or leases a Principal Property.
“Sale and Lease-Back Transaction”
means an arrangement with any Person providing for the leasing by the Company or a Restricted Subsidiary of any Principal Property whereby
such Principal Property has been or is to be sold or transferred by the Company or a Restricted Subsidiary to such Person other than the
Guarantors, the Company or any of their respective Subsidiaries; provided, however, that the foregoing shall not apply to any such arrangement
involving a lease for a term, including renewal rights, for not more than three years.
“S&P” means S&P Global
Ratings, a division of S&P Global Inc.
“U.S. Subsidiary” means any
Subsidiary organized under the laws of a jurisdiction of the United States or any political subdivision thereof.
Section 1.3. Additional Covenants.
The following additional covenants shall apply
with respect to the Offered Securities so long as any of the Offered Securities remain Outstanding (but subject to defeasance, as provided
in the Base Indenture):
(1) Limitation
on Liens.
The Company will not, and will not permit any Restricted
Subsidiary to, issue, assume or guarantee any Indebtedness that is secured by a mortgage, pledge, security interest, lien or encumbrance
(each a “lien”) upon any property that at the time of such issuance, assumption or guarantee constitutes a Principal
Property, and the Company will not, and will not permit any U.S. Subsidiary that at the time of such issuance, assumption or guarantee
is a Qualifying Subsidiary to, issue, assume or guarantee any Indebtedness that is secured by a lien upon such Qualifying Subsidiary’s
Accounts Receivable, or any shares of stock of or Indebtedness issued by any such Restricted Subsidiary or such Qualifying Subsidiary,
whether now owned or hereafter acquired, in each case without effectively providing that, for so long as such lien shall continue in existence
with respect to such secured Indebtedness, the Offered Securities (together with, if the Company determines, any other Indebtedness of
the Company ranking equally with the Offered Securities, it being understood that for purposes hereof, Indebtedness which is secured
by a lien and Indebtedness which is not so secured shall not, solely by reason of such lien, be deemed to be of different ranking) shall
be equally and ratably secured by a lien ranking ratably with or equal to (or at the Company’s option prior to) such secured Indebtedness;
provided, however, that the foregoing covenant shall not apply to:
(a) liens
existing on the date the Offered Securities are first issued;
(b) liens
on the stock, assets or Indebtedness of a Person existing at the time such Person becomes a Restricted Subsidiary, unless created in contemplation
of such Person becoming a Restricted Subsidiary;
(c) liens
on any assets or Indebtedness of a Person existing at the time such Person is merged with or into or consolidated with or acquired by
the Company or a Restricted Subsidiary or at the time of a purchase, lease or other acquisition of the assets of a corporation or firm
as an entirety or substantially as an entirety by the Company or any Restricted Subsidiary;
(d) liens
on any Principal Property existing at the time of acquisition thereof by the Company or any Restricted Subsidiary, or liens to secure
the payment of the purchase price of such Principal Property by the Company or any Restricted Subsidiary, or to secure any Indebtedness
incurred, assumed or guaranteed by the Company or a Restricted Subsidiary for the purpose of financing all or any part of the purchase
price of such Principal Property or improvements or construction thereon, which Indebtedness is incurred, assumed or guaranteed prior
to, at the time of or within one year after such acquisition (or in the case of real property, completion of such improvement or construction
or commencement of full operation of such property, whichever is later); provided, however, that in the case of any such acquisition,
construction or improvement, the lien shall not apply to any Principal Property theretofore owned by the Company or a Restricted Subsidiary,
other than the Principal Property so acquired, constructed or improved (and accessions thereto and improvements and replacements thereof
and the proceeds of the foregoing);
(e) liens
securing Indebtedness owing by any Subsidiary to the Company, the Guarantors or a Subsidiary of any thereof or by the Company to any of
the Guarantors;
(f) liens
in favor of the United States or any State thereof, or any department, agency or instrumentality or political subdivision of the United
States of America or any State thereof, or in favor of any other country or any political subdivision thereof, to secure partial, progress,
advance or other payments pursuant to any contract, statute, rule or regulation or to secure any Indebtedness incurred or guaranteed
for the purpose of financing all or any part of the purchase price (or, in the case of real property, the cost of construction or improvement)
of the Principal Property or assets subject to such liens (including liens incurred in connection with pollution control, industrial revenue
or similar financings);
(g) pledges,
liens or deposits under workers’ compensation or similar legislation, and liens thereunder that are not currently dischargeable,
or in connection with bids, tenders, contracts (other than for the payment of money) or leases to which the Company or any Subsidiary
is a party, or to secure the public or statutory obligations of the Company or any Subsidiary, or in connection with obtaining or maintaining
self-insurance, or to obtain the benefits of any law, regulation or arrangement pertaining to unemployment insurance, old age pensions,
social security or similar matters, or to secure surety, performance, appeal or customs bonds to which the Company or any Subsidiary is
a party, or in litigation or other proceedings in connection with the matters heretofore referred to in this clause, such as interpleader
proceedings, and other similar pledges, liens or deposits made or incurred in the ordinary course of business;
(h) liens
created by or resulting from any litigation or other proceeding that is being contested in good faith by appropriate proceedings, including
liens arising out of judgments or awards against the Company or any Subsidiary with respect to which the Company or such Subsidiary in
good faith is prosecuting an appeal or proceedings for review or for which the time to make an appeal has not yet expired; or final unappealable
judgment liens which are satisfied within 15 days of the date of judgment; or liens incurred by the Company or any Subsidiary for the
purpose of obtaining a stay or discharge in the course of any litigation or other proceeding to which the Company or such Subsidiary is
a party;
(i) liens
for taxes or assessments or governmental charges or levies not yet due or delinquent; or that can thereafter be paid without penalty,
or that are being contested in good faith by appropriate proceedings; landlord’s liens on property held under lease; and any other
liens or charges incidental to the conduct of the business of the Company or any Subsidiary, or the ownership of their respective assets,
that were not incurred in connection with the borrowing of money or the obtaining of advances or credit and that, in the opinion of the
Board of Directors of the Company, do not materially impair the use of such assets in the operation of the business of the Company or
such Subsidiary or the value of such Principal Property or assets for the purposes of such business;
(j) liens
to secure the Company’s or any Subsidiary’s obligations under agreements with respect to interest rate swap, spot, forward,
future and option transactions, entered into in the ordinary course of business;
(k) liens
on (including securitization programs with respect to) accounts receivable (including any accounts receivable constituting or evidenced
by chattel paper, instruments or intangibles (as defined in the Uniform Commercial Code of the State of New York)) (i) existing at
the time of acquisition thereof by the Company or any U.S. Subsidiary or (ii) of a Person existing at the time such Person is merged
with or into or consolidated with or acquired by the Company or any U.S. Subsidiary; provided that such liens were in existence, or granted
or required to be granted or otherwise attach pursuant to any agreement in existence, prior to, and were not granted or such agreement
was not entered into (as applicable) in contemplation of, such acquisition, merger or consolidation and such liens do not extend to any
assets other than accounts receivable (including any accounts receivable constituting or evidenced by chattel paper, instruments or intangibles
(as so defined) and rights (contractual and other) and collateral related thereto and proceeds of the foregoing and any related deposit
accounts containing such proceeds);
(l) liens
not permitted by the foregoing clauses (a) to (k), inclusive, if at the time of, and after giving effect to, the creation or
assumption of any such lien, the aggregate amount (without duplication) of all outstanding Indebtedness of the Company and its Restricted
Subsidiaries secured by all such liens on such Principal Properties and all outstanding Indebtedness of the Company and its Qualifying
Subsidiaries secured by all such liens on Accounts Receivable not so permitted by the foregoing clauses (a) through (k), inclusive,
together with the Attributable Debt in respect of Sale and Lease-Back Transactions permitted by paragraph (a) under subsection
(2) below do not exceed the greater of $1,500,000,000 and 10% of Consolidated Net Worth; and
(m) any
extension, renewal or replacement (or successive extensions, renewals or replacements) in whole or in part, of any lien referred to in
the foregoing clauses (a) to (l), inclusive; provided, however, that the principal amount of Indebtedness secured thereby unless
otherwise excepted under clauses (a) through (l) shall not exceed the principal amount of Indebtedness (plus the amount
of any unused revolving credit or similar commitments) so secured at the time of such extension, renewal or replacement and that such
extension, renewal or replacement is limited to all or a part of the assets (or any replacement assets) that secured the lien so extended,
renewed or replaced (plus improvements and construction on real property).
(2) Limitation
on Sale/Leaseback Transactions.
The Company will not, and will not permit any Restricted
Subsidiary to, enter into any Sale and Lease-Back Transaction unless:
(a) the
Company or such Restricted Subsidiary, at the time of entering into a Sale and Lease-Back Transaction, would be entitled to incur Indebtedness
secured by a lien on the Principal Property to be leased in an amount at least equal to the Attributable Debt in respect of such Sale
and Lease-Back Transaction, without equally and ratably securing the Offered Securities pursuant to subsection (1) above; or
(b) the
direct or indirect proceeds of the sale of the Principal Property to be leased are at least equal to the fair value of such Principal
Property (as determined by the Company’s Board of Directors) and an amount equal to the net proceeds from the sale of the property
or assets so leased is applied, within 180 days of the effective date of any such Sale and Lease-Back Transaction, to the purchase or
acquisition (or, in the case of real property, commencement of the construction) of property or assets or to the retirement (other than
at maturity or pursuant to a mandatory sinking fund or mandatory redemption provision) of Securities, or of Funded Indebtedness of the
Company or a consolidated Subsidiary ranking on a parity with or senior to the Securities; provided that there shall be credited to the
amount of net worth proceeds required to be applied pursuant to this clause (b) an amount equal to the sum of (i) the principal
amount of Securities delivered within 180 days of the effective date of such Sale and Lease-Back Transaction to the Trustee for retirement
and cancellation and (ii) the principal amount of other Funded Indebtedness voluntarily retired by the Company within such 180-day
period, excluding retirements of Securities and other Funded Indebtedness as a result of conversions or pursuant to mandatory sinking
fund or mandatory prepayment provisions.
(3) Change
of Control Triggering Event.
(a) Upon
the occurrence of a Change of Control Triggering Event, unless the Company has exercised its right to redeem the Offered Securities pursuant
to Sections 1.1(6) or (7) hereof or Section 14.01 of the Base Indenture, each Holder will have the right to require that
the Company purchase all or a portion, in €1,000 increments (provided that any remaining principal amount thereof shall be at least
the minimum authorized denomination thereof), of such Holder’s Offered Securities pursuant to Section 1.3(3)(b) hereof
(the “Change of Control Offer”), at a purchase price equal to 101% of the principal amount thereof plus accrued and
unpaid interest, if any, to the date of purchase.
(b) Within
30 days following the date upon which the Change of Control Triggering Event occurred, or at the Company’s option, prior to any
Change of Control, but after the public announcement of the Change of Control, the Company shall send, by first class mail, a notice to
each Holder, with a copy to the Trustee, which notice shall govern the terms of the Change of Control Offer. Such notice shall describe
the transaction or transactions that constitute the Change of Control and shall state:
(A) that
the Change of Control Offer is being made pursuant to this Section 1.3(3) of this First Supplemental Indenture;
(B) that
the Company is required to offer to purchase all of the outstanding principal amount of Offered Securities, the purchase price and, that
on the date specified in such notice, which date shall be no earlier than 30 days and no later than 60 days from the date such
notice is mailed, other than as may be required by law (the “Change of Control Payment Date”), the Company shall repurchase
the Offered Securities validly tendered and not withdrawn pursuant to this Section 1.3(3);
(C) if
mailed prior to the date of consummation of the Change of Control, shall state that the Change of Control Offer is conditioned on the
Change of Control Triggering Event occurring on or prior to the Change of Control Payment Date;
(D) that
any Offered Security not tendered or accepted for payment shall continue to accrue interest;
(E) that,
unless the Company defaults in making such payment, Offered Securities accepted for payment pursuant to the Change of Control Offer will
cease to accrue interest after the Change of Control Payment Date;
(F) that
Holders electing to have an Offered Security purchased pursuant to a Change of Control Offer may elect to have all or any portion
of such Offered Security purchased;
(G) that
Holders of Offered Securities electing to have Offered Securities purchased pursuant to a Change of Control Offer shall be required
to surrender their Offered Securities, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Offered
Security, or such other customary documents of surrender and transfer as the Company may reasonably request duly completed or transfer
the Offered Security, by book-entry transfer, to the Paying Agent at the address specified in the notice prior to the close of business
on the third Business Day prior to the Change of Control Payment Date;
(H) that
Holders shall be entitled to withdraw their election if the Company, the Depositary or the Paying Agent, as the case may be, receives,
not later than the expiration of the Change of Control Offer, a telegram, facsimile transmission or letter setting forth the name of the
Holder, the principal amount of the Offered Security the Holder delivered for purchase and a statement that such Holder is withdrawing
its election to have such Offered Security purchased;
(I) that
Holders whose Offered Securities are purchased only in part shall be issued new Securities equal in principal amount to the unpurchased
portion of the Securities surrendered (or transferred by book-entry transfer); and
(J) the
Common Code, ISIN or CUSIP, if any, printed on the Offered Securities being repurchased and that no representation is made as to
the correctness or accuracy of the Common Code, ISIN or CUSIP, if any, listed in such notice or printed on the Offered Securities.
(c) The
Company will not be required to make a Change of Control Offer if a third party makes such an offer in the manner, at the times and otherwise
in compliance with the requirements for such an offer made by the Company and such third party purchases all Offered Securities properly
tendered and not withdrawn under its offer.
(d) 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 such laws and regulations are applicable in connection with the repurchase of Offered Securities pursuant to a Change of
Control Offer. To the extent that any securities laws or regulations conflict with the provisions of this Section 1.3(3), the Company
shall comply with the applicable securities laws and regulations and shall be deemed not to have breached its obligations under this Section 1.3(3) by
virtue thereof.
ARTICLE II
MISCELLANEOUS
Section 2.1. Definitions.
Capitalized terms defined in the Base Indenture
and used but not defined in this First Supplemental Indenture shall have the meanings ascribed thereto in the Base Indenture.
Section 2.2. Confirmation
of Indenture.
The Base Indenture constitutes an indenture supplemental
to the Indenture, dated as of September 25, 2007 (as supplemented prior to the date of the Base Indenture, the “Original
Indenture”). The Base Indenture, as supplemented and amended by this First Supplemental Indenture, is in all respects ratified
and confirmed, and the Base Indenture, this First Supplemental Indenture and all indentures supplemental thereto shall be read, taken
and construed as one and the same instrument.
Section 2.3. Concerning the
Trustee.
In carrying out the Trustee’s responsibilities
hereunder, the Trustee shall have all of the rights, privileges, protections, immunities and benefits which it possesses under the Base
Indenture. The recitals contained herein and in the Offered Securities, except the Trustee’s certificate of authentication, shall
be taken as the statements of the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations
as to the validity or sufficiency of this First Supplemental Indenture or of the Offered Securities. The Trustee shall not be accountable
for the use or application by the Company of the Offered Securities or the proceeds thereof.
Section 2.4. Governing Law.
This First Supplemental Indenture and the Offered
Securities shall be deemed to be a contract made under the internal laws of the State of New York, and for all purposes shall be construed
in accordance with the laws of said State without regard to conflicts of laws principles that would require the application of any other
law except to the extent that the Trust Indenture Act is applicable. For the avoidance of doubt, articles 470-1 to 470-19 of the Luxembourg
act dated 10 August 1915 on commercial companies, as amended, do not apply in respect of the Offered Securities.
Section 2.5. Separability.
In case any one or more of the provisions in this
First Supplemental Indenture shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality
or unenforceability shall not affect the validity, legality and enforceability of the other provisions of this First Supplemental Indenture,
but this First Supplemental Indenture shall be construed as if such invalid or illegal or unenforceable provision had never been contained
herein.
Section 2.6. Counterparts
and Electronic Signatures.
This
First Supplemental Indenture may be executed in any number of counterparts. Each signed copy will be an original, but all of them
together represent the same agreement. The exchange of copies of this First Supplemental Indenture and of signature pages by facsimile,
PDF or other electronic transmission shall constitute effective execution and delivery of this First Supplemental Indenture as to the
parties hereto and may be used in lieu of the original First Supplemental Indenture and signature pages for all purposes and shall
constitute effective execution and delivery of this First Supplemental Indenture as to the parties hereto and will be of the same effect,
validity and enforceability as manually executed signatures or a paper-based recordkeeping system, as the case may be, to the extent and
as provided for under applicable law, including the Electronic Signatures in Global and National Commerce Act of 2000 (15 U.S.C. §§
7001-7006), the Electronic Signatures and Records Act of 1999 (N.Y. State Tech. §§ 301-309), or any other similar state laws
based on the Uniform Electronic Transactions Act ; provided that, notwithstanding anything herein to the contrary, the Trustee is
not under any obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by such Trustee
pursuant to procedures approved by such Trustee.
Section 2.7. No Benefit.
Nothing
in this First Supplemental Indenture, express or implied, shall give to any Person other than the parties hereto and their successors
or assigns, and the Holders, any benefit or legal or equitable rights, remedy or claim under this First Supplemental Indenture
or the Base Indenture.
IN WITNESS WHEREOF, the parties hereto have caused
this First Supplemental Indenture to be duly executed all as of the day and year first above written.
|
TYCO ELECTRONICS GROUP S.A. |
|
|
|
/s/ Jean-Jacques Fotzeu |
|
Name: |
Jean-Jacques Fotzeu |
Title: |
Director |
|
TE CONNECTIVITY PLC |
|
|
|
/s/ Heath A. Mitts |
|
Name: |
Heath A. Mitts |
Title: |
Executive Vice President and Chief Financial Officer |
|
TE CONNECTIVITY SWITZERLAND LTD. |
|
|
|
/s/ Harold G. Barksdale |
|
Name: |
Harold G. Barksdale |
Title: |
Director |
|
|
DEUTSCHE BANK TRUST COMPANY AMERICAS |
|
|
as Trustee |
|
|
|
By: |
/s/ Mary Miselis |
|
|
Name: Mary Miselis |
|
|
Title: Vice President |
|
|
|
|
|
By: |
/s/ Carol Ng |
|
|
Name: Carol Ng |
|
|
Title: Vice President |
EXHIBIT A
FORM OF
3.250% SENIOR NOTES
THIS GLOBAL SECURITY IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE
GOVERNING THIS SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON
UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE ANY SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO THE
INDENTURE, (II) THIS GLOBAL SECURITY MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.05(C) OF
THE INDENTURE, (III) THIS GLOBAL SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO THE INDENTURE AND (IV) THIS
GLOBAL SECURITY MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY.
UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES
IN DEFINITIVE FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY
A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR TO 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 CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY
TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
ANY ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT IS MADE TO SUCH ENTITY AS MAY BE
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF HAS AN INTEREST HEREIN.
3.250% SENIOR NOTES DUE 2033
CUSIP No. 902133 BB2
ISIN: XS2991296752
Common Code: 299129675
TYCO ELECTRONICS GROUP S.A.
promises to pay to BT Globenet Nominees Ltd. or registered assigns
(as nominee for the Depositary), the principal sum of SEVEN HUNDRED FIFTY MILLION Euros on January 31, 2033.
Interest Payment Date: January 31
Record Date: Close of business on the Business
Day prior to the Interest Payment Date
Each
Holder of this Security (as defined below), by accepting the same, agrees to and shall be bound by the provisions hereof and of
the Indenture described herein, and authorizes and directs the Trustee described herein on such Holder’s behalf to be bound by such
provisions. Each Holder hereby waives all notice of the acceptance of the provisions contained herein and in the Indenture and waives
reliance by such Holder upon said provisions.
This Security shall not be entitled to any benefit
under the Indenture, or be valid or become obligatory for any purpose, until the Certificate of Authentication hereon shall have been
signed by or on behalf of the Trustee. The provisions of this Security are continued on the reverse side hereof, and such continued provisions
shall for all purposes have the same effect as though fully set forth at this place.
IN WITNESS WHEREOF, the Company has caused this
instrument to be signed in accordance with Section 2.04 of the Base Indenture.
Date: January 31, 2025
|
TYCO ELECTRONICS GROUP S.A. |
|
|
|
|
|
Name: |
|
Title: |
|
CERTIFICATE OF AUTHENTICATION
This is one of the Securities of the series designated therein referred
to in the within-mentioned Base Indenture.
|
DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee |
|
|
|
By: |
|
|
|
Authorized Signatory |
GUARANTEE
For value received, TE CONNECTIVITY
PLC and TE CONNECTIVITY SWITZERLAND LTD. hereby jointly and severally, absolutely, unconditionally and irrevocably guarantee to the holder
of this Security the payment of principal of, premium, if any, and interest on, the Security upon which this Guarantee is set forth in
the amounts and at the time when due and payable whether by declaration thereof, or otherwise, and interest on the overdue principal and
interest, if any, of such Security, if lawful, to the holder of such Security and the Trustee on behalf of the Holders, all in accordance
with and subject to the terms and limitations of such Security and Article XV of the Indenture. For the avoidance of doubt, the Guarantee
provided by TE CONNECTIVITY SWITZERLAND LTD. shall constitute a joint and several Guarantee of TYCO ELECTRONICS GROUP S.A.’s obligations
under the Indenture and shall not constitute a guarantee of TE CONNECTIVITY PLC’s obligations under its Guarantee. This Guarantee
will not become effective until the Trustee or Authenticating Agent duly executes the certificate of authentication on this Security.
This Guarantee shall be governed by and construed in accordance with the laws of the State of New York, without regard to conflict of
law principles thereof.
Dated: January 31, 2025
|
TE CONNECTIVITY PLC |
|
|
|
|
|
Name: |
[ ] |
|
Title: |
[ ] |
|
|
|
|
|
TE CONNECTIVITY SWITZERLAND LTD. |
|
|
|
|
|
Name: |
[ ] |
|
Title: |
[ ] |
[FORM OF REVERSE
OF NOTE]
Tyco Electronics Group S.A.
3.250%
Senior Notes due 2033
This security is one of a duly authorized series of debt securities
of Tyco Electronics Group S.A. (the “Company”) issued or to be issued in one or more series under and pursuant to an Amended
and Restated Indenture for the Company’s unsubordinated debt securities, dated as of January 31, 2025 (the “Base Indenture”),
duly executed and delivered by and among the Company, TE Connectivity plc (the “Parent Guarantor”), TE Connectivity Switzerland
Ltd. (the “Additional Guarantor” and, together with the Parent Guarantor, the “Guarantors”) and Deutsche Bank
Trust Company Americas (the “Trustee”), as supplemented by the First Supplemental Indenture, dated as of January 31,
2025 (the “First Supplemental Indenture”), by and among the Company, the Guarantors and the Trustee. The Base Indenture as
supplemented and amended by the First Supplemental Indenture is referred to herein as the “Indenture.” By the terms of the
Base Indenture, the debt securities issuable thereunder are issuable in series that may vary as to amount, date of maturity, rate of interest
and in other respects as provided in the Base Indenture. This security is one of the series designated on the face hereof (individually,
a “Security,” and collectively, the “Securities”), and reference is hereby made to the Indenture for a description
of the rights, limitations of rights, obligations, duties and immunities of the Trustee, the Company, the Guarantors and the holders of
the Securities (the “Holders”). Capitalized terms used herein and not otherwise defined shall have the meanings given them
in the Base Indenture, as supplemented by the First Supplemental Indenture.
1. Interest. The Company promises
to pay interest on the principal amount of this Security at an annual rate of 3.250%, subject to adjustment as provided below. The Company
will pay interest annually on January 31 of each year (each such day, an “Interest Payment Date”). If any Interest Payment
Date, redemption date or maturity date of this Security is not a Business Day, then payment of interest or principal (and premium, if
any) shall be made on the next succeeding Business Day with the same force and effect as if made on the date such payment was due, and
no interest shall accrue for the period after such date to the next succeeding Business Day. Interest on the Securities will accrue from
the most recent date to which interest has been paid or duly provided for or, if no interest has been paid, from the date of issuance;
provided that, if there is no existing Default in the payment of interest, and if this Security is authenticated between a regular record
date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest
Payment Date; and provided, further, that the first Interest Payment Date shall be January 31, 2026. The day count convention is
ACTUAL/ACTUAL (ICMA), as defined in the rulebook of the International Capital Market Association. In certain circumstances, liquidated
damages may be payable as provided in Section 6.01 of the Base Indenture. Any such liquidated damages shall be payable in the same
manner and on the same dates as the stated interest payable on this Security.
2. Method of Payment. The
Company will pay interest on the Securities (except defaulted interest), if any, to the persons in whose name such Securities are registered
at the close of business on the regular record date referred to on the facing page of this Security for such interest installment.
In the event that the Securities or a portion thereof are called for redemption and the applicable redemption date is subsequent to a
regular record date with respect to any Interest Payment Date and prior to such Interest Payment Date, interest on such Securities will
be paid upon presentation and surrender of such Securities as provided in the Indenture. The principal of and the interest and Additional
Amounts, if any, on the Securities shall be payable in euros, in accordance with the procedures of Euroclear or Clearstream in effect
from time to time.
If the euro is unavailable to the Company or the
Guarantors due to the imposition of exchange controls or other circumstances beyond the Company’s or the Guarantors’ control
or if the euro is no longer being used by the then-member states of the European Economic and Monetary Union that have adopted the euro
as their currency or for the settlement of transactions by public institutions of or within the international banking community, then
all payments in respect of the Securities shall be made in U.S. dollars until the euro is again available to the Company or the Guarantors
or so used. The amount payable on any date in euro shall be converted to U.S. dollars on the basis of the then most recently available
market exchange rate for euro. Any payment in respect of the Securities so made in U.S. dollars will not constitute an Event of Default
under the Securities, the Base Indenture or this First Supplemental Indenture. Neither the Trustee nor the Paying Agent shall be responsible
for obtaining exchange rates, effecting conversions or otherwise handling redenominations.
3. Paying
Agent and Registrar. Initially, Deutsche Bank Trust Company Americas, the Trustee, will act as paying agent and Security
Registrar. The Company may change or appoint any Paying Agent or Security Registrar without notice to any Holder. The Company,
the Guarantors or any of their Subsidiaries may act in any such capacity. For purposes of the Securities, the initial place of payment
shall be the Corporate Trust Office.
4. Indenture. The
terms of the Securities include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture
Act of 1939 (“TIA”) as in effect on the date the Indenture is qualified. The Securities are subject to all such terms, and
Holders are referred to the Indenture and TIA for a statement of such terms. The Securities are unsecured general obligations of
the Company and constitute the series designated on the face hereof as the “3.250% Senior Notes due 2033”, initially limited
to €750,000,000 in aggregate principal amount. The Company will furnish to any Holder upon written request and without charge a copy
of the Base Indenture and the First Supplemental Indenture. Requests may be made to: Tyco Electronics Group S.A., 46 Place Guillaume II,
L-1648 Luxembourg, Attention: The Managing Directors.
5. Optional Redemption. Prior
to October 31, 2032 (three months prior to the maturity date of the Securities) (the “Par Call Date”), the Company may
redeem the Securities, in whole or in part, in €1,000 increments (provided that any remaining principal amount thereof will be at
least the minimum authorized denomination thereof) at its option at any time and from time to time (any such time, a “Make-Whole
Redemption Date”), at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal
to the greater of: (i) the sum of the present values of the remaining scheduled payments of principal and interest in respect of
such Securities to be redeemed due on any date after such Make-Whole Redemption Date, assuming that the Securities matured on the Par
Call Date (based on the original interest rate and excluding the portion of interest that will be accrued and unpaid to and including
such Make-Whole Redemption Date) discounted to such Make-Whole Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) at the Comparable
Government Bond Rate plus 15 basis points, and (ii) 100% of the principal amount of the Securities to be redeemed, plus, in either
case, accrued and unpaid interest, thereon to, but excluding, such Make-Whole Redemption Date. The Company’s actions and determinations
in determining the redemption price hereunder shall be conclusive and binding for all purposes, absent manifest error.
In addition, on or after the Par Call Date, the
Company may redeem the Securities, in whole or in part, in €1,000 increments (provided that any remaining principal amount thereof
will be at least the minimum authorized denomination thereof), at its option at any time and from time to time (any such time, a “Par
Redemption Date”), at a redemption price equal to 100% of the principal amount of the Securities being redeemed, plus accrued and
unpaid interest thereon to, but excluding, such Par Redemption Date.
Notwithstanding Section 3.02(b) of the
Base Indenture or any provisions in the First Supplemental Indenture, if the Company elects to redeem a portion but not all of the Securities,
the Trustee will select the Securities to be redeemed by such method as it deems fair and appropriate and in accordance with the applicable
procedures of the depositary or the paying agent.
Notices of redemption shall be mailed or electronically
delivered (or otherwise transmitted in accordance with the applicable procedures of Clearstream and Euroclear) at least 10 days but not
more than 60 days before the redemption date to each holder of the Securities to be redeemed. Any redemption or notice of redemption delivered
pursuant to the terms of the Securities and the Base Indenture, as supplemented by the First Supplemental Indenture, may, at the Company’s
discretion, be subject to the satisfaction of one or more conditions precedent established by the Company in its discretion and, at the
Company’s discretion, the redemption date may be delayed until such time as any or all such conditions shall be satisfied (or waived
by the Company in its sole discretion) or the redemption date may not occur at all and such notice may be rescinded if all such conditions
shall not have been satisfied (or waived by the Company in its sole discretion). 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
any redemption date would otherwise be a day that is not a Business Day, the related payment of principal and interest will be made on
the next succeeding Business Day as if it were made on the date such payment was due, and no interest will accrue on the amounts so payable
for the period from and after such date to the next succeeding Business Day.
The Company shall not be required to make sinking
fund payments with respect to the Securities.
6. Change
of Control Triggering Event. Upon the occurrence of a Change of Control Triggering Event, unless the Company has exercised
its right to redeem this Security, the Holder will have the right to require that the Company purchase all or a portion, in €1,000
increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof),
of this Security at a purchase price equal to 101% of the principal amount hereof plus accrued and unpaid interest, if any, to the date
of purchase. Within 30 days following the date upon which the Change of Control Triggering Event occurred, or at the Company’s option,
prior to any Change of Control, but after the public announcement of the Change of Control, the Company shall send, by first class mail,
a notice to each Holder, with a copy to the Trustee, which notice shall govern the terms of the Change of Control Offer.
7. Denominations,
Transfer, Exchange. The Securities are in registered form without coupons in minimum denominations of €100,000 and
integral multiples of €1,000 in excess thereof. The transfer of Securities may be registered and Securities may be exchanged as provided
in the Indenture. The Securities may be presented for exchange or for registration of transfer (duly endorsed or with the form of transfer
endorsed thereon duly executed if so required by the Company or the Security Registrar) at the office of the Security Registrar or at
the office of any transfer agent designated by the Company for such purpose (or otherwise in accordance with applicable procedures of
Euroclear and Clearstream). No service charge will be made for any registration of transfer or exchange, but a Holder may be required
to pay any applicable taxes or other governmental charges. If the Securities are to be redeemed, the Company will not be required to:
(i) issue, exchange, or register the transfer of any Security during a period beginning at the opening of business 15 days before
the day of the mailing of a notice of redemption of less than all the Outstanding Securities of the same series and ending at the close
of business on the day of such mailing; (ii) register the transfer of or exchange any Security of any series or portions thereof
selected for redemption, in whole or in part, except the unredeemed portion of any such Security being redeemed in part; nor (iii) register
the transfer of or exchange a Security of any series between the applicable record date and the next succeeding Interest Payment Date.
8. Persons
Deemed Owners. The registered Holder may be treated as its owner for all purposes.
9. Repayment to the Guarantors or the Company.
Any funds or Governmental Obligations deposited with any Paying Agent or the Trustee, or then held by the Company or any of the Guarantors,
in trust for payment of principal of, premium, if any, or interest on the Securities of a particular series that are not applied but remain
unclaimed by the Holders of such Securities for at least one year after the date upon which the principal of, premium, if any, or interest
on such Securities shall have respectively become due and payable, shall be repaid to the Company or any of the Guarantors, as applicable,
or if then held by the Company or the Guarantors shall be discharged from such trust. After return to the Company or the Guarantors, Holders
entitled to the money or securities must look to the Company or the Guarantors, as applicable, for payment as unsecured general creditors.
10. Amendments,
Supplements and Waivers. The Base Indenture contains provisions permitting the Company, the Guarantors and the Trustee,
with the consent of the Holders of not less than a majority in aggregate principal amount of the Outstanding Securities to enter into
supplemental indentures for the purpose of adding, changing or eliminating any provisions to the Base Indenture or supplemental indenture
or indentures or of modifying in any manner not covered elsewhere in the Base Indenture the rights of the Holders of the Securities of
such series; provided, however, that no such supplemental indenture, without the consent of the Holders of each Security
then Outstanding and affected thereby, shall: (i) extend a fixed maturity of or any installment of principal of any Securities of
any series or reduce the principal amount thereof or reduce the amount of principal of any original issue discount security that would
be due and payable upon declaration of acceleration of the maturity thereof; (ii) reduce the rate of or extend the time for payment
of interest on any Security of any series; (iii) reduce the premium payable upon the redemption of any Security; (iv) make any
Security payable in Currency other than that stated in the Security; (v) impair the right to institute suit for the enforcement of
any payment on or after the fixed maturity thereof (or in the case of redemption, on or after the redemption date); or (vi) reduce
the aforesaid percentage of Securities, the Holders of which are required to consent to any such supplemental indenture or indentures.
The Base Indenture also contains provisions permitting the Holders of not less than a majority in aggregate principal amount of the Outstanding
Securities of each series affected thereby, on behalf of all of the Holders of the securities of such series, to waive any past Default
under the Base Indenture, and its consequences, except a Default in the payment of the principal of, premium, if any, or interest on any
security of such series or a Default in respect of a covenant or provision of the Base Indenture that cannot be modified or amended without
the consent of the Holder of each Outstanding Security of such affected series. Any such consent or waiver by the registered Holder
shall be conclusive and binding upon such Holder and upon all future Holders and owners of this Security and of any Security issued in
exchange for this Security or in place hereof (whether by registration of transfer or otherwise), irrespective of whether or not any notation
of such consent or waiver is made upon this Security.
11. Defaults
and Remedies. In any Event of Default with respect to the Securities, unless the principal of all such Securities has already
become due and payable, the Trustee or the holders of at least 25% in aggregate principal amount of the Securities of such series then
Outstanding, by notice in writing to the Company and each of the Guarantors (and to the Trustee if notice is given by such Holders),
may declare the unpaid principal of all such Securities to be due and payable immediately. Subject to the terms of the Base Indenture,
if an Event of Default under the Base Indenture shall occur and be continuing, the Trustee will be under no obligation to exercise any
of its rights or powers under the Base Indenture at the request or direction of any of the Holders, unless such Holders have offered the
Trustee indemnity satisfactory to it. Upon satisfaction of certain conditions set forth in the Base Indenture, the Holders of a majority
in principal amount of the Outstanding Securities of a series issued pursuant to the Base Indenture will have the right to direct the
time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred
on the Trustee, with respect to the Securities of such series.
12. Trustee, Paying Agent and Security Registrar
May Hold Securities. The Trustee, subject to certain limitations imposed by the TIA, or any Paying Agent or Security Registrar,
in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not
Trustee, Paying Agent or Security Registrar.
13. No Recourse Against Others. No
recourse under or upon any obligation, covenant or agreement of the Indenture, or of any Security, or for any claim based thereon or otherwise
in respect hereof or thereof, shall be had against any incorporator, shareholder, officer or director, past, present or future as such,
of the Company or any of the Guarantors or of any predecessor or successor corporation, either directly or through the Company or any
of the Guarantors or any such predecessor or successor corporation, whether by virtue of any constitution, statute or rule of law,
or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that the Indenture and the obligations
issued hereunder and thereunder are solely corporate obligations, and that no such personal liability whatever shall attach to, or is
or shall be incurred by, the incorporators, shareholders, officers or directors as such, of the Company or any of the Guarantors or of
any predecessor or successor corporation, or any of them, because of the creation of the indebtedness authorized by the Indenture, or
under or by reason of the obligations, covenants or agreements contained in the Indenture or in the Securities or implied therefrom; and
that any and all such personal liability of every name and nature, either at common law or in equity or by constitution or statute, of,
and any and all such rights and claims against, every such incorporator, shareholder, officer or director as such, because of the creation
of the indebtedness authorized by the Indenture, or under or by reason of the obligations, covenants or agreements contained in the Indenture
or in the Securities or implied therefrom, are hereby expressly waived and released as a condition of, and as a consideration for, the
acceptance of the Securities.
14. Discharge of Indenture. The
Base Indenture contains certain provisions pertaining to defeasance, which provisions shall for all purposes have the same effect as if
set forth herein.
15. Authentication. This
Security shall not be valid until the Trustee signs the certificate of authentication attached to the other side of this Security.
16. Guarantee. All payments by the Company
under the Indenture and this Security are fully and unconditionally guaranteed to the Holder of this Security by the Guarantors, as provided
in the related Guarantee and the Indenture.
17. Additional Amounts. The Company and
the Guarantors are obligated to pay Additional Amounts on this Security to the extent provided in Article XIV of the Base Indenture.
18. Abbreviations. Customary
abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by
the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (=
Uniform Gifts to Minors Act).
19. Governing Law. The
Base Indenture, the First Supplemental Indenture and this Security (and the Guarantee hereon) shall be deemed to be a contract made under
the internal laws of the State of New York, and for all purposes shall be construed in accordance with the laws of New York without regard
to conflicts of laws principles that would require the application of any other law except to the extent that the Trust Indenture Act
is applicable. For the avoidance of doubt, articles 470-1 to 470-19 of the Luxembourg act dated 10 August 1915 on commercial companies,
as amended, do not apply in respect of the Securities.
ASSIGNMENT FORM
To assign this Security, fill in the form below:
(I) or (we) assign and transfer this Security to
_________________________________________________________________________________________________________________________
(Insert assignee’s soc. sec. or tax I.D.
no.)
_________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________
(Print or type assignee’s name, address and zip code)
and irrevocably appoint___________________________________________________________
agent to transfer this Security on the books of the Company. The agent may substitute another to act for him.
_________________________________________________________________________________________________________________________
|
Your Signature: _________________________________________ |
|
(Sign exactly as your name appears on the face of this Security) |
Signature Guarantee: _________________________
OPTION OF HOLDER TO ELECT PURCHASE
If you want to elect to have this Security purchased
by the Company pursuant to Section 1.3(3) of the First Supplemental Indenture, check the box:
1.3(3) Change of Control Triggering Event
If you want to elect to have only part of this
Security purchased by the Company pursuant to Section 1.3(3) of the First Supplemental Indenture, state the amount: €__________.
Date: ___________________ |
Your Signature: |
|
(Sign exactly as your name appears on the other side of this Security) |
Tax I.D. number
Signature Guarantee: |
|
|
|
(Signature must be guaranteed by a |
|
|
participant in a recognized signature |
|
|
guarantee medallion program) |
|
TE Connectivity (NYSE:TEL)
Graphique Historique de l'Action
De Jan 2025 à Fév 2025
TE Connectivity (NYSE:TEL)
Graphique Historique de l'Action
De Fév 2024 à Fév 2025