Common use of Redemption and Prepayment Clause in Contracts

Redemption and Prepayment. Notices to Trustee 44 Section 3.02 Selection of Notes to Be Redeemed 45 Section 3.03 Notice of Optional Redemption 45 Section 3.04 Effect of Notice of Redemption 46 Section 3.05 Deposit of Redemption Price 46 Section 3.06 Notes Redeemed in Part 47 Section 3.07 Optional Redemption 47 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 49 Section 4.02 Maintenance of Office or Agency 53 Section 4.03 Reports 54 Section 4.04 Compliance Certificate 56 Section 4.05 Corporate Existence 56 Section 4.06 [Intentionally Omitted] 56 Section 4.07 [Intentionally Omitted] 56 Section 4.08 Limitation on Sale and Lease-Back Transactions 56 Section 4.09 Limitation on Subsidiary Debt 57 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 60 Section 4.12 Limitation on Liens 60 Section 4.13 Business Activities 61 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 Offer to Repurchase upon Change of Control 61 Section 4.16 Payments for Consent 62 Section 4.17 Additional Guarantees 63 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5

Redemption and Prepayment. Section 3.1. Notices to Trustee 44 45 Section 3.02 3.2. Selection of Notes to Be Redeemed 45 Section 3.03 3.3. Notice of Optional Redemption 45 Section 3.04 3.4. Effect of Notice of Redemption 46 47 Section 3.05 3.5. Deposit of Redemption Price 46 47 Section 3.06 3.6. Notes Redeemed in Part 47 Section 3.07 3.7. Optional Redemption 47 ARTICLE 4 48 COVENANTS Section 4.01 4.1. Payment of Notes 49 Section 4.02 4.2. Maintenance of Office or Agency 53 49 Section 4.03 Reports 54 4.3. Provision of Financial Information 50 Section 4.04 4.4. Compliance Certificate 51 Section 4.5. Taxes 51 Section 4.6. Stay, Extension and Usury Laws 51 Section 4.7. Limitation on Restricted Payments 52 Section 4.8. Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 56 Section 4.05 Corporate Existence 56 Section 4.06 [Intentionally Omitted] 56 Section 4.07 [Intentionally Omitted] 56 Section 4.08 4.9. Limitation on Sale and Lease-Back Transactions 56 Debt 58 Section 4.09 4.10. Limitation on Subsidiary Debt 57 Asset Dispositions 63 Section 4.10 [Intentionally Omitted] 60 4.11. Limitation on Transactions with Affiliates 66 Section 4.11 [Intentionally Omitted] 60 Section 4.12 4.12. Limitation on Liens 60 68 Section 4.13 Business Activities 61 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 4.13. Offer to Repurchase Purchase upon Change of Control 61 69 Section 4.16 Payments for Consent 62 4.14. Corporate Existence 70 Section 4.17 Additional 4.15. Future Guarantees 63 70 Section 4.18 [Intentionally Omitted] 63 4.16. Designation of Restricted and Unrestricted Subsidiaries 71 Section 4.19 4.17. Covenant Suspension of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 571

Redemption and Prepayment. Section 3.1. Notices to Trustee 44 59 Section 3.02 3.2. Selection of Notes to Be Redeemed 45 59 Section 3.03 3.3. Notice of Optional Redemption 45 59 Section 3.04 3.4. Effect of Notice of Redemption 46 60 Section 3.05 3.5. Deposit of Redemption Price 46 60 Section 3.06 3.6. Notes Redeemed in Part 47 61 Section 3.07 3.7. Optional Redemption 47 ARTICLE 4 COVENANTS 61 Section 4.01 3.8. Optional Redemption for Changes in Withholding Taxes 62 Section 3.9. Mandatory Redemption. 63 Section 4.1. Payment of Notes 49 63 Section 4.02 4.2. Maintenance of Office or Agency 53 63 Section 4.03 Reports 54 4.3. Provision of Financial Information 64 Section 4.04 4.4. Compliance Certificate 56 65 Section 4.05 Corporate Existence 56 4.5. Taxes 66 Section 4.06 [Intentionally Omitted] 56 4.6. Stay, Extension and Usury Laws 66 Section 4.07 [Intentionally Omitted] 56 Section 4.08 4.7. Limitation on Sale and Lease-Back Transactions 56 Restricted Payments 66 Section 4.09 4.8. Limitation on Subsidiary Debt 57 Dividend and Other Restrictions Affecting Restricted Subsidiaries 70 Section 4.10 [Intentionally Omitted] 60 4.9. Limitation on Additional Indebtedness 72 Section 4.11 [Intentionally Omitted] 60 4.10. Limitation on Asset Sales 77 Section 4.12 4.11. Limitation on Transactions with Affiliates 84 Section 4.12. Limitation on Liens 60 87 Section 4.13 Business Activities 61 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 4.13. Offer to Repurchase Purchase upon Change of Control 61 87 Section 4.16 Payments for Consent 62 4.14. Corporate Existence 89 Section 4.17 4.15. Additional Guarantees 63 89 Section 4.18 [Intentionally Omitted] 63 4.16. Limitation on Designation of Unrestricted Subsidiaries 90 Section 4.19 Suspension 4.17. Effectiveness of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Covenants 91

Redemption and Prepayment. 47 Section 3.01. Notices to Trustee 44 47 Section 3.02 3.02. Selection of Notes to Be be Redeemed 45 or Purchased 47 Section 3.03 3.03. Notice of Optional Redemption 45 47 Section 3.04 3.04. Effect of Notice of Redemption 46 48 Section 3.05 3.05. Deposit of Redemption Price 46 48 Section 3.06 3.06. Notes Redeemed in Part 47 49 Section 3.07 3.07. Optional Redemption 47 49 Section 3.08. Mandatory Redemption 50 Section 3.09. Offer To Purchase. 50 ARTICLE 4 4. COVENANTS 52 Section 4.01 4.01. Payment of Notes 49 52 Section 4.02 4.02. Maintenance of Office or Agency 52 Section 4.03. Reports 53 Section 4.03 Reports 4.04. Compliance Certificate 53 Section 4.05. Taxes 54 Section 4.04 Compliance Certificate 56 Section 4.05 Corporate Existence 56 Section 4.06 [Intentionally Omitted] 56 Section 4.07 [Intentionally Omitted] 56 Section 4.08 Limitation on Sale and Lease-Back Transactions 56 Section 4.09 Limitation on Subsidiary Debt 57 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 60 Section 4.12 Limitation on Liens 60 Section 4.13 Business Activities 61 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 Offer to Repurchase upon Change of Control 61 Section 4.16 Payments for Consent 62 Section 4.17 Additional Guarantees 63 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of 4.06. Stay, Extension or and Usury Laws 54 Section 4.07. Corporate Existence 54 Section 4.08. [Reserved] 54 Section 4.09. Incurrence of Indebtedness and Issuance of Preferred Stock. 54 Section 4.10. Restricted Payments 59 Section 4.11. Liens 64 ARTICLE 5Section 4.12. Asset Sales 65 Section 4.13. Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 66 Section 4.14. Transactions with Affiliates 68 Section 4.15. Designation of Restricted and Unrestricted Subsidiaries 70

Redemption and Prepayment. Section 3.01 Notices to Trustee 44 Trustee. 45 Section 3.02 Selection of Notes to Be Redeemed or Purchased. 45 Section 3.03 Notice of Optional Redemption 45 Redemption. 46 Section 3.04 Effect of Notice of Redemption Redemption. 46 Section 3.05 Deposit of Redemption Price or Purchase Price. 46 Section 3.06 Notes Redeemed or Purchased in Part Part. 47 Section 3.07 Optional Redemption Redemption. 47 Section 3.08 Mandatory Redemption. 48 Section 3.09 Offer to Purchase by Application of Excess Proceeds. 48 ARTICLE 4 COVENANTS Section 4.01 Payment of Notes 49 Notes. 50 Section 4.02 Maintenance of Office or Agency 53 Agency. 50 Section 4.03 Reports 54 SEC Reports. 50 Section 4.04 Compliance Certificate 56 Certificate. 51 Section 4.05 Corporate Existence 56 Taxes. 51 Section 4.06 [Intentionally Omitted] 56 Stay, Extension and Usury Laws. 51 Section 4.07 [Intentionally Omitted] 56 Restricted Payments. 52 Section 4.08 Limitation on Sale Dividend and Lease-Back Transactions 56 Other Payment Restrictions Affecting Restricted Subsidiaries. 55 Section 4.09 Limitation on Subsidiary Debt Incurrence of Indebtedness and Issuance of Preferred Stock. 57 Section 4.10 [Intentionally Omitted] Asset Sales. 60 Section 4.11 [Intentionally Omitted] 60 Transactions with Affiliates. 64 Section 4.12 Limitation on Liens 60 Liens. 65 Section 4.13 Business Activities 61 Activities. 66 Section 4.14 Payment of Taxes and Other Claims 61 Corporate Existence. 66 Section 4.15 Offer to Repurchase upon Upon Change of Control 61 Control. 66 Section 4.16 Limitation on Sale and Leaseback Transactions. 68 Section 4.17 Payments for Consent 62 Section 4.17 Additional Guarantees 63 Consent. 68 Section 4.18 [Intentionally Omitted] 63 Designation of Restricted and Unrestricted Subsidiaries. 68 Section 4.19 Suspension of Guarantees Upon Change in Ratings 63 Real Estate. 69 Section 4.20 Compliance with Laws 64 Further Assurances. 69 Section 4.21 Waiver Impairment of Stay, Extension or Usury Laws 64 ARTICLE 5Security Interest. 69 Section 4.22 Financial Calculation for Limited Condition Acquisitions. 70

Redemption and Prepayment. Section 3.01. Notices to Trustee 44 68 Section 3.02 3.02. Selection of Notes to Be Redeemed 45 69 Section 3.03 3.03. Notice of Optional Redemption 45 69 Section 3.04 3.04. Effect of Notice of Redemption 46 70 Section 3.05 3.05. Deposit of Redemption Price 46 70 Section 3.06 3.06. Notes Redeemed in Part 47 71 Section 3.07 3.07. Optional Redemption 47 ARTICLE 4 71 Section 3.08. Mandatory Redemption 72 COVENANTS Section 4.01 4.01. Payment of Notes 49 72 Section 4.02 4.02. Maintenance of Office or Agency 53 72 Section 4.03 4.03. Reports 54 73 Section 4.04 4.04. Compliance Certificate 56 74 Section 4.05 Corporate Existence 56 4.05. [Reserved]. 74 Section 4.06 [Intentionally Omitted] 56 Section 4.07 [Intentionally Omitted] 56 Section 4.08 Limitation on Sale and Lease-Back Transactions 56 Section 4.09 Limitation on Subsidiary Debt 57 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 60 Section 4.12 4.06. Limitation on Liens 60 74 Section 4.13 Business Activities 61 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 4.07. Offer to Repurchase upon Change of Control 61 Triggering Event 75 Section 4.16 4.08. Limitation on Restricted Payments for Consent 62 76 Section 4.17 4.09. Limitation on Incurrence of Indebtedness 82 Section 4.10. Asset Sales 90 Section 4.11. Transactions with Affiliates 94 Section 4.12. Designation of Restricted and Unrestricted Subsidiaries 97 Section 4.13. Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 98 Section 4.14. Additional Guarantees 63 101 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 4.15. Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5101 Section 4.16. Covenant Suspension When Notes Obtain Investment Grade Rating 102 Section 4.17. No Impairment of the Security Interests 104 Section 4.18. Further Assurances 104 Section 4.19. Maintenance of Properties and Insurance 105 SUCCESSORS AND RELEASE OF CO-ISSUERS Section 5.01. Merger, Consolidation, or Sale of Assets 105 Section 5.02. Release of Co-Issuers 107 DEFAULTS AND REMEDIES Section 6.01. Events of Default 108 Section 6.02. Acceleration 110 Section 6.03. Other Remedies 113 Section 6.04. Waiver of Past Defaults 113 Section 6.05. Control by Majority 114

Redemption and Prepayment. Section 3.01 Notices to Trustee 44 45 Section 3.02 Selection of Notes to Be Redeemed or Purchased 45 Section 3.03 Notice of Optional Redemption 45 46 Section 3.04 Effect of Notice of Redemption 46 47 Section 3.05 Deposit of Redemption or Purchase Price 46 47 Section 3.06 Notes Redeemed or Purchased in Part 47 Section 3.07 Optional Redemption 47 ARTICLE 4 COVENANTS 48 Section 3.08 Repurchase 48 Section 3.09 Offer to Purchase by Application of Net Cash Proceeds 48 Section 3.10 Excess Cash Flow Redemption 50 Section 4.01 Payment of Notes 49 51 Section 4.02 Maintenance of Office or Agency 53 51 Section 4.03 Reports 54 51 Section 4.04 Compliance Certificate 56 52 Section 4.05 Corporate Existence 56 Taxes 52 Section 4.06 [Intentionally Omitted] 56 Section 4.07 [Intentionally Omitted] 56 Section 4.08 Limitation on Sale and Lease-Back Transactions 56 Section 4.09 Limitation on Subsidiary Debt 57 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 60 Section 4.12 Limitation on Liens 60 Section 4.13 Business Activities 61 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 Offer to Repurchase upon Change of Control 61 Section 4.16 Payments for Consent 62 Section 4.17 Additional Guarantees 63 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or and Usury Laws 53 Section 4.07 Restricted Payments 53 Section 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 54 Section 4.09 Incurrence of Additional Indebtedness 55 Section 4.10 Asset Sale/Event of Loss 59 Section 4.11 Transactions with Affiliates 63 Section 4.12 Liens 64 ARTICLE 5Section 4.13 Conduct of Business 64 Section 4.14 Corporate Existence 65 Section 4.15 [Reserved] 65 Section 4.16 Conversion Upon Liquidity Event 65 Section 4.17 Designation of Unrestricted Subsidiaries 67 Section 4.18 Additional Amounts 68 Section 4.19 Currency Indemnity 70 Section 4.20 Springing Collateral 71 Section 4.21 Minimum Liquidity 71 Section 4.22 Other Note Redemptions 72 Section 4.23 Listing 72 Section 4.24 Agreed Non-Operating Entities 72 Section 4.25 Junior Priority Capex Debt 72

Redemption and Prepayment. Section 3.01. Notices to Trustee 44 30 Section 3.02 3.02. Selection of Notes to Be Redeemed 45 31 Section 3.03 3.03. Notice of Optional Redemption 45 31 Section 3.04 3.04. Effect of Notice of Redemption 46 32 Section 3.05 3.05. Deposit of Redemption Price 46 32 Section 3.06 3.06. Notes Redeemed in Part 47 32 Section 3.07 3.07. Optional Redemption 47 ARTICLE 4 COVENANTS 33 Section 4.01 3.08. Offer to Purchase by Application of Excess Proceeds 33 Section 3.09. No Mandatory Sinking Fund 34 Section 3.10. Special Mandatory Redemption 35 Section 4.01. Payment of Notes 49 35 Section 4.02 4.02. Maintenance of Office or Agency 53 35 Section 4.03 4.03. Reports 54 36 Section 4.04 Compliance Certificate 56 4.04. Certificates and Other Information 36 Section 4.05 Corporate Existence 56 4.05. Taxes 37 Section 4.06 [Intentionally Omitted] 56 4.06. Stay, Extension and Usury Laws 37 Section 4.07 [Intentionally Omitted] 56 Section 4.08 4.07. Limitation on Sale and Lease-Back Transactions 56 Restricted Payments 37 Section 4.09 4.08. Limitation on Subsidiary Debt 57 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 40 Section 4.10 [Intentionally Omitted] 60 4.09. Limitation on Indebtedness and Disqualified Capital Stock 41 Section 4.11 [Intentionally Omitted] 60 4.10. Limitation on Asset Sales 44 Section 4.12 4.11. Limitation on Transactions with Affiliates 45 Section 4.12. Limitation on Liens 60 47 Section 4.13 Business Activities 61 4.13. Future Subsidiary Guarantees 47 Section 4.14 Payment of Taxes and Other Claims 61 4.14. Existence 47 Section 4.15 4.15. Offer to Repurchase upon Upon Change of Control 61 47 Section 4.16 Payments for Consent 62 4.16. Future Designation of Restricted and Unrestricted Subsidiaries 49 Section 4.17 Additional Guarantees 63 4.17. Suspended Covenants 50 Section 4.18 [Intentionally Omitted] 63 4.18. Limitation on Issuances and Sales of Preferred Stock of Restricted Subsidiaries 51 Section 4.19 Suspension of Guarantees Upon Change in Ratings 63 4.19. Escrow Release 51 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 54.20. Activities Prior to the Release 52

Redemption and Prepayment. Section 3.01 Notices to Trustee 44 Trustee. 45 Section 3.02 Selection of Notes to Be Redeemed or Purchased. 45 Section 3.03 Notice of Optional Redemption Redemption. 45 Section 3.04 Effect of Notice of Redemption Redemption. 46 Section 3.05 Deposit of Redemption Price or Purchase Price. 46 Section 3.06 Notes Redeemed or Purchased in Part Part. 47 Section 3.07 Optional Redemption Redemption. 47 ARTICLE 4 COVENANTS Section 3.08 Mandatory Redemption. 48 Section 3.09 Offer to Purchase by Application of Excess Proceeds. 48 Section 4.01 Payment of Notes 49 Notes. 50 Section 4.02 Maintenance of Office or Agency 53 Agency. 50 Section 4.03 Reports 54 Reports. 50 Section 4.04 Compliance Certificate 56 Certificate. 52 Section 4.05 Corporate Existence 56 Taxes. 52 Section 4.06 [Intentionally Omitted] 56 Stay, Extension and Usury Laws. 52 Section 4.07 [Intentionally Omitted] 56 Limitation on Restricted Payments. 53 Section 4.08 Limitation on Sale Dividend and Lease-Back Transactions 56 Other Payment Restrictions Affecting Restricted Subsidiaries. 57 Section 4.09 Limitation on Subsidiary Debt 57 Incurrence of Indebtedness. 59 Section 4.10 [Intentionally Omitted] 60 Asset Sales. 64 Section 4.11 [Intentionally Omitted] 60 Limitation on Transactions with Affiliates. 66 Section 4.12 Limitation on Liens 60 Liens. 69 Section 4.13 Business Activities 61 Corporate Existence. 69 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 Offer to Repurchase upon Upon Change of Control 61 Control. 69 Section 4.15 Additional Subsidiary Guarantees. 71 Section 4.16 Payments for Consent 62 Section 4.17 Additional Guarantees 63 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Covenants 71

Redemption and Prepayment. Section 3.01 Notices to Trustee 44 Trustee. 45 Section 3.02 Selection of Notes to Be be Redeemed or Purchased. 45 Section 3.03 Notice of Optional Redemption 45 Redemption. 46 Section 3.04 Effect of Notice of Redemption 46 Redemption. 47 Section 3.05 Deposit of Redemption Price 46 or Purchase Price. 47 Section 3.06 Notes Redeemed in Part 47 Optional Redemption. 48 Section 3.07 Optional Mandatory Redemption. 48 Section 3.08 Offer to Purchase by Application of Excess Proceeds. 48 Section 3.09 Payment of Additional Amounts 50 Section 3.10 Redemption 47 ARTICLE 4 COVENANTS for Tax Reasons 52 Section 4.01 Payment of Notes 49 Notes. 53 Section 4.02 Maintenance of Office or Agency Agency. 53 Section 4.03 Reports 54 Reports. 53 Section 4.04 Compliance Certificate 56 Certificate. 54 Section 4.05 Corporate Existence 56 [Reserved.] 55 Section 4.06 [Intentionally Omitted] 56 Stay, Extension and Usury Laws. 55 Section 4.07 [Intentionally Omitted] 56 Restricted Payments. 55 Section 4.08 Limitation on Sale Dividend and Lease-Back Transactions 56 Other Payment Restrictions Affecting Restricted Subsidiaries. 59 Section 4.09 Limitation on Subsidiary Debt 57 Incurrence of Indebtedness. 60 Section 4.10 [Intentionally Omitted] 60 Asset Sales. 61 Section 4.11 [Intentionally Omitted] 60 Transactions with Affiliates. 63 Section 4.12 Limitation on Liens 60 Liens. 64 Section 4.13 Business Activities 61 [Reserved.] 65 Section 4.14 Payment of Taxes and Other Claims 61 Corporate Existence. 65 Section 4.15 Offer to Repurchase upon Upon Change of Control 61 Control. 65 Section 4.16 No Layering of Debt. 66 Section 4.17 Limitation on Preferred Stock of Restricted Subsidiaries. 67 Section 4.18 Payments for Consent 62 Section 4.17 Additional Guarantees 63 Section 4.18 [Intentionally Omitted] 63 Consent. 67 Section 4.19 Suspension of Guarantees Upon Change in Ratings 63 Additional Note Guarantees. 67 Section 4.20 Compliance with Laws 64 Designation of Restricted and Unrestricted Subsidiaries. 68 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Covenant Suspension. 68

Redemption and Prepayment. 3.01. Notices to Trustee 44 Section 3.02 35 3.02. Selection of Notes to Be Redeemed 45 Section 3.03 or Purchased 35 3.03. Notice of Optional Redemption 45 Section 3.04 36 3.04. Effect of Notice of Redemption 46 Section 3.05 37 3.05. Deposit of Redemption or Purchase Price 46 Section 3.06 37 3.06. Notes Redeemed or Purchased in Part 47 Section 3.07 37 3.07. Optional Redemption 47 ARTICLE 4 COVENANTS Section 4.01 37 3.08. Mandatory Redemption 38 3.09. Offer to Purchase by Application of Excess Proceeds 39 3.10. Redemption for Changes in Withholding Tax 40 4.01. Payment of Notes 49 Section 4.02 41 4.02. Maintenance of Office or Agency 53 Section 4.03 42 4.03. Reports 54 Section 4.04 42 4.04. Compliance Certificate 43 4.05. Taxes 44 4.06. Stay, Extension and Usury Laws 44 4.07. Restricted Payments 44 4.08. Dividend and Other Payment Restrictions Affecting Subsidiaries 47 4.09. Incurrence of Indebtedness and Issuance of Preferred Stock 49 4.10. Asset Sales 52 4.11. Transactions with Affiliates 56 Section 4.05 4.12. Liens 57 4.13. Business Activities 57 4.14. Corporate Existence 56 Section 4.06 [Intentionally Omitted] 56 Section 4.07 [Intentionally Omitted] 56 Section 4.08 Limitation on Sale and Lease-Back Transactions 56 Section 4.09 Limitation on Subsidiary Debt 57 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 60 Section 4.12 Limitation on Liens 60 Section 4.13 Business Activities 61 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 4.15. Offer to Repurchase upon Upon Change of Control 58 4.16. Additional Note Guarantees; Additional Security 59 4.17. Designation of Restricted and Unrestricted Subsidiaries 60 4.18. Listing 61 Section 4.16 Payments for Consent 62 Section 4.17 Additional Guarantees 63 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension 4.19. Withholding Taxes 61 4.20. Sale and Leaseback Transactions 64 4.21. Limitation on the Sale or Issuance of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws Capital Stock of Restricted Subsidiaries 64 Section 4.21 Waiver 4.22. No Impairment of Stay, Extension or Usury Laws 64 ARTICLE 5Security Interests 65 4.23. Limitation on Intercompany Indebtedness 65 4.24. Excess Capital Contribution Offer 66

Redemption and Prepayment. Section 3.01. Notices to Trustee 44 62 Section 3.02 3.02. Selection of Notes to Be Redeemed 45 or Purchased 62 Section 3.03 3.03. Notice of Optional Redemption 45 63 Section 3.04 3.04. Effect of Notice of Redemption 46 64 Section 3.05 3.05. Deposit of Redemption or Purchase Price 46 64 Section 3.06 3.06. Notes Redeemed or Purchased in Part 47 64 Section 3.07 3.07. Optional Redemption 47 ARTICLE 4 COVENANTS 64 Section 4.01 3.08. Mandatory Redemption 66 Section 3.09. Offer to Purchase by Application of Excess Proceeds 66 Section 4.01. Payment of Notes 49 68 Section 4.02 4.02. Maintenance of Office or Agency 53 69 Section 4.03 4.03. Reports 54 69 Section 4.04 4.04. Compliance Certificate 56 70 Section 4.05 4.05. Taxes ▇▇ ▇▇▇▇▇▇▇ ▇.▇▇. ▇▇▇▇, ▇▇▇▇▇▇▇▇▇ and Usury Laws 71 Section 4.07. Restricted Payments 71 Section 4.08. Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 78 Section 4.09. Incurrence of Indebtedness and Issuance of Preferred Stock 80 Section 4.10. Asset Sales 85 Section 4.11. Transactions with Affiliates 88 Section 4.12. Liens 91 Section 4.13. Corporate Existence 56 91 Section 4.06 [Intentionally Omitted] 56 Section 4.07 [Intentionally Omitted] 56 Section 4.08 Limitation on Sale and Lease-Back Transactions 56 Section 4.09 Limitation on Subsidiary Debt 57 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 60 Section 4.12 Limitation on Liens 60 Section 4.13 Business Activities 61 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 4.14. Offer to Repurchase upon Upon Change of Control 61 91 Section 4.16 4.15. Payments for Consent 62 93 Section 4.17 4.16. Additional Note Guarantees 63 94 Section 4.18 [Intentionally Omitted] 63 4.17. Designation of Restricted and Unrestricted Subsidiaries 94 Section 4.19 Suspension of Guarantees Upon Change 4.18. Changes in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Covenants When Notes Rated Investment Grade 95

Redemption and Prepayment. Notices to Trustee 44 Section 3.02 Selection of Notes to Be Redeemed 45 3.01. Redemption 27 Section 3.03 Notice of 3.02. Optional Redemption 45 of the Notes 27 Section 3.04 Effect of Notice of 3.03. Tax Redemption 46 28 Section 3.05 Deposit of Redemption Price 46 3.04. Repurchase Offer 29 Section 3.06 Notes Redeemed in Part 47 Section 3.07 Optional Redemption 47 ARTICLE 4 COVENANTS Section 4.01 4.01. Payment of Notes 49 31 Section 4.02 Maintenance of Office or Agency 53 4.02. Reports to Holders 31 Section 4.03 Reports 54 Section 4.04 Compliance Certificate 56 Section 4.05 Corporate Existence 56 Section 4.06 [Intentionally Omitted] 56 Section 4.07 [Intentionally Omitted] 56 Section 4.08 4.03. Limitation on Sale and Lease-Back Transactions 56 Restricted Payments 31 Section 4.09 4.04. Limitation on Subsidiary Debt 57 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 35 Section 4.10 [Intentionally Omitted] 60 4.05. Limitation on Incurrence of Additional Indebtedness 36 Section 4.11 [Intentionally Omitted] 60 4.06. Limitation on Preferred Stock of Domestic Restricted Subsidiaries 40 Section 4.12 4.07. Asset Sales 40 Section 4.08. Limitations on Transactions with Affiliates 42 Section 4.09. Limitation on Liens 60 43 Section 4.13 4.10. Conduct of Business Activities 61 45 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 4.11. Offer to Repurchase upon Upon Change of Control 61 45 Section 4.16 4.12. Subsidiary Guarantees 46 Section 4.13. Payments for Consent 62 46 Section 4.17 Additional Guarantees 63 Section 4.18 [Intentionally Omitted] 63 Section 4.19 4.14. Suspension of Guarantees Upon Change in Ratings 63 Covenants 46 Section 4.20 Compliance with Laws 64 4.15. Payment of Additional Amounts 47 Section 4.21 Waiver 5.01. Merger, Consolidation, or Sale of Stay, Extension or Usury Laws 64 ARTICLE 5Assets 50 Section 6.01. Events of Default 52 Section 6.02. Other Amendments 54 Section 7.01. Legal Defeasance and Covenant Defeasance 54

Redemption and Prepayment. Section 3.01. Notices to Trustee 44 28 Section 3.02 3.02. Selection of Notes to Be Redeemed 45 29 Section 3.03 3.03. Notice of Optional Redemption 45 29 Section 3.04 3.04. Effect of Notice of Redemption 46 30 Section 3.05 3.05. Deposit of Redemption Price 46 30 Section 3.06 3.06. Notes Redeemed in Part 47 31 Section 3.07 3.07. Optional Redemption 47 ARTICLE 4 COVENANTS 31 Section 4.01 3.08. No Mandatory Redemption or Sinking Fund 32 Section 3.09. Offer to Purchase by Application of Excess Proceeds 32 Section 4.01. Payment of Notes 49 34 Section 4.02 4.02. Maintenance of Office or Agency 53 34 Section 4.03 4.03. Reports 54 35 Section 4.04 4.04. Compliance Certificate 56 36 Section 4.05 Corporate Existence 56 4.05. Taxes 36 Section 4.06 [Intentionally Omitted] 56 4.06. Stay, Extension and Usury Laws 36 Section 4.07 [Intentionally Omitted] 56 Section 4.08 4.07. Limitation on Sale and Lease-Back Transactions 56 Restricted Payments 37 Section 4.09 4.08. Limitation on Subsidiary Debt 57 Dividend and Other Payment Restrictions Affecting Subsidiaries 40 Section 4.10 [Intentionally Omitted] 60 4.09. Limitation on Incurrence of Indebtedness and Issuance of Preferred Stock 42 Section 4.11 [Intentionally Omitted] 60 4.10. Limitation on Asset Sales 44 Section 4.12 4.11. Limitation on Transactions with Affiliates 46 Section 4.12. Limitation on Liens 60 47 Section 4.13 Business Activities 61 4.13. Additional Subsidiary Guarantees 47 Section 4.14 Payment of Taxes and Other Claims 61 4.14. Corporate Existence 48 Section 4.15 4.15. Offer to Repurchase upon Upon Change of Control 61 48 Section 4.16 Payments for Consent 62 4.16. Activities of Finance Corp. 51 Section 4.17 Additional Guarantees 63 4.17. Covenant Termination 51 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension 4.18. Designation of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Restricted and Unrestricted Subsidiaries 51

Redemption and Prepayment. Section 3.01. Notices to Trustee 44 35 Section 3.02 3.02. Selection of Notes to Be Redeemed 45 35 Section 3.03 3.03. [Intentionally Omitted] 36 Section 3.04. Notice of Optional Redemption 45 36 Section 3.04 3.05. Effect of Notice of Redemption 46 36 Section 3.05 3.06. Deposit of Redemption Price 46 36 Section 3.06 3.07. Notes Redeemed in Part 47 37 Section 3.07 3.08. Optional Redemption 47 ARTICLE 4 COVENANTS 37 Section 4.01 3.09. No Mandatory Redemption 37 Section 3.10. Offer to Purchase by Application of Net Proceeds 38 Section 4.01. Payment of Notes 49 39 Section 4.02 4.02. Maintenance of Office or Agency 53 39 Section 4.03 Reports 54 Section 4.04 4.03. Compliance Certificate 56 39 Section 4.05 Corporate Existence 56 4.04. Taxes 40 Section 4.06 4.05. Stay, Extension and Usury Laws 40 Section 4.06. Change of Control 40 Section 4.07. Asset Sales 42 Section 4.08. Restricted Payments 43 Section 4.09. Incurrence of Indebtedness and Issuance of Disqualified Equity 46 Section 4.10. Liens 47 Section 4.11. Dividend and Other Payment Restrictions Affecting Subsidiaries 48 Section 4.12. Transactions With Affiliates 49 Section 4.13. Additional Subsidiary Guarantees 50 Section 4.14. Designation of Restricted and Unrestricted Subsidiaries 51 Section 4.15. Business Activities 51 Section 4.16. [Intentionally Omitted] 56 51 Section 4.07 4.17. Payments for Consent 51 Section 4.18. Reports 51 Section 4.19. [Intentionally Omitted] 56 52 Section 4.08 Limitation on Sale and Lease-Back Transactions 56 Section 4.09 Limitation on Subsidiary Debt 57 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 60 Section 4.12 Limitation on Liens 60 Section 4.13 Business Activities 61 Section 4.14 Payment 4.20. Termination of Taxes and Other Claims 61 Section 4.15 Offer to Repurchase upon Change of Control 61 Section 4.16 Payments for Consent 62 Section 4.17 Additional Guarantees 63 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Covenants 52

Redemption and Prepayment. Section 3.01 Notices to Trustee 44 Section 3.02 Selection of Notes to Be Redeemed 45 or Purchased 44 Section 3.03 Notice of Optional Redemption 45 44 Section 3.04 Effect of Notice of Redemption 46 45 Section 3.05 Deposit of Redemption or Purchase Price 46 45 Section 3.06 Notes Redeemed or Purchased in Part 47 46 Section 3.07 Optional Redemption 47 ARTICLE 4 COVENANTS 46 Section 3.08 Mandatory Redemption 46 Section 4.01 Payment of Notes 49 47 Section 4.02 Maintenance of Office or Agency 53 47 Section 4.03 Reports 54 47 Section 4.04 Compliance Certificate 49 Section 4.05 [Reserved] 49 Section 4.06 Stay, Extension and Usury Laws 49 Section 4.07 Restricted Payments 49 Section 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 54 Section 4.09 Incurrence of Indebtedness 56 Section 4.05 4.10 Asset Sales 59 Section 4.11 Transactions with Affiliates 61 Section 4.12 Maintenance of Total Unencumbered Assets 63 Section 4.13 Sale and Leaseback Transactions 63 Section 4.14 Corporate Existence 56 Section 4.06 [Intentionally Omitted] 56 Section 4.07 [Intentionally Omitted] 56 Section 4.08 Limitation on Sale and Lease-Back Transactions 56 Section 4.09 Limitation on Subsidiary Debt 57 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 60 Section 4.12 Limitation on Liens 60 Section 4.13 Business Activities 61 Section 4.14 Payment of Taxes and Other Claims 61 63 Section 4.15 Offer to Repurchase upon Upon Change of Control 61 63 Section 4.16 Payments for Consent 62 Limitation on Issuances of Guarantees by Restricted Subsidiaries and the REIT 64 Section 4.17 Additional Guarantees 63 Suspension of Covenants 64 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension Activities of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Co-Issuer 65

Redemption and Prepayment. Section 3.01. Notices to Trustee 44 61 Section 3.02 3.02. Selection of Notes to Be Redeemed 45 or Purchased 61 Section 3.03 3.03. Notice of Optional Redemption 45 62 Section 3.04 3.04. Effect of Notice of Redemption 46 63 Section 3.05 3.05. Deposit of Redemption or Purchase Price 46 63 Section 3.06 3.06. Notes Redeemed or Purchased in Part 47 63 Section 3.07 3.07. Optional Redemption 47 ARTICLE 4 COVENANTS 63 Section 4.01 3.08. Mandatory Redemption 65 Section 3.09. Offer to Purchase by Application of Excess Proceeds 65 Section 4.01. Payment of Notes 49 67 Section 4.02 4.02. Maintenance of Office or Agency 53 68 Section 4.03 4.03. Reports 54 68 Section 4.04 4.04. Compliance Certificate 56 69 Section 4.05 4.05. Taxes 70 Section 4.06. Stay, Extension and Usury Laws 70 Section 4.07. Restricted Payments 70 Section 4.08. Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 77 Section 4.09. Incurrence of Indebtedness and Issuance of Preferred Stock 79 Section 4.10. Asset Sales 85 Section 4.11. Transactions with Affiliates 87 Section 4.12. Liens 90 Section 4.13. Corporate Existence 56 90 Section 4.06 [Intentionally Omitted] 56 Section 4.07 [Intentionally Omitted] 56 Section 4.08 Limitation on Sale and Lease-Back Transactions 56 Section 4.09 Limitation on Subsidiary Debt 57 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 60 Section 4.12 Limitation on Liens 60 Section 4.13 Business Activities 61 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 4.14. Offer to Repurchase upon Upon Change of Control 61 91 Section 4.16 4.15. Payments for Consent 62 93 Section 4.17 4.16. Additional Note Guarantees 63 93 Section 4.18 [Intentionally Omitted] 63 4.17. Designation of Restricted and Unrestricted Subsidiaries 93 Section 4.19 Suspension of Guarantees Upon Change 4.18. Changes in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Covenants When Notes Rated Investment Grade 94

Redemption and Prepayment. Section 3.01 Notices to Trustee 44 47 Section 3.02 Selection of Notes to Be Redeemed 45 or Purchased 48 Section 3.03 Notice of Optional Redemption 45 48 Section 3.04 Effect of Notice of Redemption 46 49 Section 3.05 Deposit of Redemption or Purchase Price 46 49 Section 3.06 Notes Redeemed or Purchased in Part 47 50 Section 3.07 Optional Redemption 47 ARTICLE 4 COVENANTS 50 Section 3.08 Mandatory Redemption 51 Section 4.01 Payment of Notes 49 51 Section 4.02 Maintenance of Office or Agency 53 51 Section 4.03 Reports 54 52 Section 4.04 Compliance Certificate 56 54 Section 4.05 Taxes 54 Section 4.06 Stay, Extension and Usury Laws 54 Section 4.07 Restricted Payments 54 Section 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 59 Section 4.09 Incurrence of Additional Indebtedness 61 Section 4.10 Asset Sales 65 Section 4.11 Transactions with Affiliates 68 Section 4.12 Liens 71 Section 4.13 Conduct of Business 71 Section 4.14 Corporate Existence 56 Section 4.06 [Intentionally Omitted] 56 Section 4.07 [Intentionally Omitted] 56 Section 4.08 Limitation on Sale and Lease-Back Transactions 56 Section 4.09 Limitation on Subsidiary Debt 57 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 60 Section 4.12 Limitation on Liens 60 Section 4.13 Business Activities 61 Section 4.14 Payment of Taxes and Other Claims 61 72 Section 4.15 Offer to Repurchase upon Upon Change of Control 61 72 Section 4.16 Payments for Consent 62 Preferred Stock of Restricted Subsidiaries 74 Section 4.17 Additional Subsidiary Note Guarantees 63 74 Section 4.18 [Intentionally Omitted] 63 Designation of Restricted and Unrestricted Subsidiaries 75 Section 4.19 Suspension of Guarantees Upon Change Changes in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Covenants When Notes Rated Investment Grade 75

Redemption and Prepayment. Section 3.01. Notices to Trustee 44 27 Section 3.02 3.02. Selection of Notes to Be Redeemed 45 28 Section 3.03 3.03. Notice of Optional Redemption 45 28 Section 3.04 3.04. Effect of Notice of Redemption 46 29 Section 3.05 3.05. Deposit of Redemption Price 46 29 Section 3.06 3.06. Notes Redeemed in Part 47 29 Section 3.07 3.07. Optional Redemption 47 ARTICLE 4 COVENANTS 29 Section 4.01 3.08. No Mandatory Redemption 30 Section 3.09. Offer to Purchase by Application of Net Proceeds 30 Section 4.01. Payment of Notes 49 32 Section 4.02 4.02. Maintenance of Office or Agency 53 32 Section 4.03 Reports 54 Section 4.04 4.03. Compliance Certificate 56 32 Section 4.05 Corporate Existence 56 4.04. Taxes 33 Section 4.06 4.05. Stay, Extension and Usury Laws 33 Section 4.06. Change of Control 33 Section 4.07. Asset Sales 35 Section 4.08. Restricted Payments 36 Section 4.09. Incurrence of Indebtedness and Issuance of Disqualified Equity 39 Section 4.10. Liens 41 Section 4.11. Dividend and Other Payment Restrictions Affecting Subsidiaries 41 Section 4.12. Transactions With Affiliates 43 Section 4.13. Additional Subsidiary Guarantees 44 Section 4.14. Designation of Restricted and Unrestricted Subsidiaries 45 Section 4.15. Business Activities 45 Section 4.16. [Intentionally Omitted] 56 45 Section 4.07 4.17. Payments for Consent 45 Section 4.18. Reports 46 Section 4.19. [Intentionally Omitted] 56 46 Section 4.08 Limitation on Sale and Lease-Back Transactions 56 Section 4.09 Limitation on Subsidiary Debt 57 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 60 Section 4.12 Limitation on Liens 60 Section 4.13 Business Activities 61 Section 4.14 Payment 4.20. Termination of Taxes and Other Claims 61 Section 4.15 Offer to Repurchase upon Change of Control 61 Section 4.16 Payments for Consent 62 Section 4.17 Additional Guarantees 63 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Covenants 46

Redemption and Prepayment. Section 4.01. Notices to Trustee 44 Section 3.02 4.02. Selection of Notes to Be Redeemed 45 44 Section 3.03 4.03. Notice of Optional Redemption 45 Section 3.04 4.04. Effect of Notice of Redemption 46 Section 3.05 4.05. Deposit of Redemption Price 46 47 Section 3.06 4.06. Notes Redeemed in Part 47 Section 3.07 4.07. Optional Redemption 47 ARTICLE 4 COVENANTS Section 4.01 4.08. Offer to Purchase by Application of Excess Proceeds 48 Section 4.09. No Mandatory Sinking Fund 50 Section 5.01. Payment of Notes 49 50 Section 4.02 5.02. Maintenance of Office or Agency 50 Section 5.03. Reports 51 Section 5.04. Certificates and Other Information 52 Section 5.05. Taxes 52 Section 5.06. Stay, Extension and Usury Laws 52 ii Section 5.07. Limitation on Restricted Payments 53 Section 4.03 Reports 54 Section 4.04 Compliance Certificate 5.08. Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries 56 Section 4.05 Corporate Existence 56 Section 4.06 [Intentionally Omitted] 56 Section 4.07 [Intentionally Omitted] 56 Section 4.08 5.09. Limitation on Sale Indebtedness and Lease-Back Transactions 56 Disqualified Capital Stock 58 Section 4.09 5.10. Limitation on Subsidiary Debt 57 Asset Sales 62 Section 4.10 [Intentionally Omitted] 60 5.11. Limitation on Transactions with Affiliates 63 Section 4.11 [Intentionally Omitted] 60 Section 4.12 5.12. Limitation on Liens 60 66 Section 4.13 Business Activities 61 5.13. Future Subsidiary Guarantees 66 Section 4.14 Payment of Taxes and Other Claims 61 5.14. Existence 66 Section 4.15 5.15. Offer to Repurchase upon Upon Change of Control 61 66 Section 4.16 Payments for Consent 62 5.16. Future Designation of Restricted and Unrestricted Subsidiaries 69 Section 4.17 Additional Guarantees 63 5.17. Suspended Covenants 70 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension 5.18. Limitation on Issuances and Sales of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver Preferred Stock of Stay, Extension or Usury Laws 64 ARTICLE 5Restricted Subsidiaries 71

Redemption and Prepayment. Section 3.01. Notices to Trustee 44 Trustee. 38 Section 3.02 3.02. Selection of Notes to Be Redeemed 45 or Purchased. 38 Section 3.03 3.03. Notice of Optional Redemption 45 Redemption. 38 Section 3.04 3.04. Effect of Notice of Redemption 46 Redemption. 39 Section 3.05 3.05. Deposit of Redemption Price 46 or Purchase Price. 39 Section 3.06 3.06. Notes Redeemed or Purchased in Part 47 Part. 40 Section 3.07 3.07. Optional Redemption 47 ARTICLE 4 COVENANTS Redemption. 40 Section 4.01 3.08. Mandatory Redemption. 41 Section 3.09. Offer to Purchase by Application of Excess Proceeds. 41 Section 4.01. Payment of Notes 49 Notes. 42 Section 4.02 4.02. Maintenance of Office or Agency 53 Agency. 43 Section 4.03 Reports 4.03. Reports. 43 Section 4.04. Compliance Certificate. 44 Section 4.05. Taxes. 45 Section 4.06. Stay, Extension and Usury Laws. 45 Section 4.07. Restricted Payments. 45 Section 4.08. Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. 49 Section 4.09. Incurrence of Indebtedness and Issuance of Disqualified Stock. 50 Section 4.10. Asset Sales. 52 Section 4.11. Transactions with Affiliates. 54 Section 4.04 Compliance Certificate 56 4.12. Liens. 55 Section 4.05 4.13. Corporate Existence 56 Existence. 55 Section 4.06 [Intentionally Omitted] 56 Section 4.07 [Intentionally Omitted] 56 Section 4.08 Limitation on Sale and Lease-Back Transactions 56 Section 4.09 Limitation on Subsidiary Debt 57 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 60 Section 4.12 Limitation on Liens 60 Section 4.13 Business Activities 61 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 4.14. Offer to Repurchase upon Upon Change of Control 61 Control. 55 Section 4.16 4.15. Sale and Leaseback Transactions. 57 Section 4.16. Payments for Consent 62 Consent. 57 Section 4.17 Additional Guarantees 63 4.17. Liquidated Damages Notice. 57 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension of Guarantees Upon Change 4.18. Changes in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Covenants When Notes Rated Investment Grade. 58

Redemption and Prepayment. Section 3.01 Notices to Trustee 44 Trustee. 36 Section 3.02 Selection of Notes to Be Redeemed 45 or Purchased. 36 Section 3.03 Notice of Optional Redemption 45 Redemption. 37 Section 3.04 Effect of Notice of Redemption 46 Redemption. 38 Section 3.05 Deposit of Redemption Price 46 or Purchase Price. 38 Section 3.06 Notes Redeemed or Purchased in Part 47 Part. 38 Section 3.07 Optional Redemption 47 ARTICLE 4 COVENANTS Redemption. 38 Section 3.08 Mandatory Redemption. 39 Section 3.09 Offer to Purchase by Application of Excess Proceeds. 39 Section 4.01 Payment of Notes 49 Notes. 41 Section 4.02 Maintenance of Office or Agency 53 Agency. 41 Section 4.03 Reports 54 Reports. 42 Section 4.04 Compliance Certificate 56 Certificate. 42 Section 4.05 Corporate Existence 56 Taxes. 43 Section 4.06 [Intentionally Omitted] 56 Stay, Extension and Usury Laws. 43 Section 4.07 [Intentionally Omitted] 56 Restricted Payments. 43 Section 4.08 Limitation on Sale Dividend and Lease-Back Transactions 56 Other Payment Restrictions Affecting Subsidiaries. 46 Section 4.09 Limitation on Subsidiary Debt 57 Incurrence of Indebtedness and Issuance of Preferred Stock. 48 Section 4.10 [Intentionally Omitted] 60 Asset Sales. 50 Section 4.11 [Intentionally Omitted] 60 Transactions with Affiliates. 52 Section 4.12 Limitation on Liens 60 Liens. 53 Section 4.13 Business Activities 61 Corporate Existence. 53 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 Offer to Repurchase upon Upon Change of Control 61 Control. 54 Section 4.15 No Senior Subordinated Debt. 55 Section 4.16 Payments for Consent 62 Consent. 55 Section 4.17 Additional Guarantees 63 Note Guarantees. 56 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension Designation of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Restricted and Unrestricted Subsidiaries. 56

Redemption and Prepayment. Section 3.01. Notices to Trustee 44 29 Section 3.02 3.02. Selection of Notes to Be Redeemed 45 29 Section 3.03 3.03. Notice of Optional Redemption 45 30 Section 3.04 3.04. Effect of Notice of Redemption 46 31 Section 3.05 3.05. Deposit of Redemption Price 46 31 Section 3.06 3.06. Notes Redeemed in Part 47 32 Section 3.07 3.07. Optional Redemption 47 ARTICLE 4 COVENANTS 32 Section 4.01 3.08. No Mandatory Redemption or Sinking Fund 33 Section 3.09. Offer to Purchase by Application of Excess Proceeds 33 Section 4.01. Payment of Notes 49 35 Section 4.02 4.02. Maintenance of Office or Agency 53 36 Section 4.03 4.03. Reports 54 36 Section 4.04 4.04. Compliance Certificate 56 37 Section 4.05 Corporate Existence 56 4.05. Taxes 37 Section 4.06 [Intentionally Omitted] 56 4.06. Stay, Extension and Usury Laws 38 Section 4.07 [Intentionally Omitted] 56 Section 4.08 4.07. Limitation on Sale and Lease-Back Transactions 56 Restricted Payments 38 Section 4.09 4.08. Limitation on Subsidiary Debt 57 Dividend and Other Payment Restrictions Affecting Subsidiaries 41 Section 4.10 [Intentionally Omitted] 60 4.09. Limitation on Incurrence of Indebtedness and Issuance of Preferred Stock 43 Section 4.11 [Intentionally Omitted] 60 4.10. Limitation on Asset Sales 46 Section 4.12 4.11. Limitation on Transactions with Affiliates 48 Section 4.12. Limitation on Liens 60 49 Section 4.13 Business Activities 61 4.13. Additional Subsidiary Guarantees 49 Section 4.14 Payment of Taxes and Other Claims 61 4.14. Corporate Existence 50 Section 4.15 4.15. Offer to Repurchase upon Upon Change of Control 61 50 Section 4.16 Payments for Consent 62 4.16. Activities of Finance Corp. 52 Section 4.17 Additional Guarantees 63 4.17. Covenant Termination 53 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension 4.18. Designation of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Restricted and Unrestricted Subsidiaries 53

Redemption and Prepayment. Section 3.01 Notices to Trustee 44 61 Section 3.02 Selection of Notes to Be Redeemed 45 or Purchased 61 Section 3.03 Notice of Optional Redemption 45 62 Section 3.04 Effect of Notice of Redemption 46 63 Section 3.05 Deposit of Redemption or Purchase Price 46 63 Section 3.06 Notes Redeemed or Purchased in Part 47 63 Section 3.07 Optional Redemption 47 ARTICLE 4 COVENANTS 63 Section 3.08 Mandatory Redemption 64 Section 3.09 Mandatory Disposition or Redemption Pursuant to Gaming Laws 64 Section 3.10 Offer to Purchase by Application of Excess Proceeds 65 Section 4.01 Payment of Notes 49 67 Section 4.02 Maintenance of Office or Agency 53 68 Section 4.03 Reports 54 68 Section 4.04 Compliance Certificate 56 69 Section 4.05 Corporate Existence 56 Taxes 70 Section 4.06 [Intentionally Omitted] 56 Stay, Extension and Usury Laws 70 Section 4.07 [Intentionally Omitted] 56 Restricted Payments 70 Section 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries of ▇▇▇▇ Las Vegas 74 Section 4.09 Incurrence of Indebtedness and Issuance of Disqualified Stock 75 Section 4.10 Asset Sales 79 Section 4.11 Transactions with Affiliates 81 Section 4.12 Liens 82 Section 4.13 Line of Business 82 Section 4.14 Corporate and Organizational Existence 83 Section 4.15 Offer to Purchase Upon Change of Control 83 Section 4.16 Events of Loss 85 Section 4.17 Designation of Restricted and Unrestricted Subsidiaries 87 Section 4.18 Limitation on Status as Investment Company 88 Section 4.19 Limitation on Sale and Lease-Back Leaseback Transactions 56 88 Section 4.09 4.20 Restrictions on Payments of Management Fees 88 Section 4.21 Limitation on Subsidiary Debt 57 Issuances and Sales of Equity Interests in Wholly Owned Restricted Subsidiaries 89 Section 4.10 [Intentionally Omitted] 60 4.22 Amendments to Certain Agreements 89 Section 4.11 [Intentionally Omitted] 60 4.23 Amendments to Operating Agreements and Charter Documents 90 Section 4.12 Limitation on Liens 60 4.24 Insurance 90 Section 4.13 Business Activities 61 4.25 Additional Collateral; Formation or Acquisition of Restricted Subsidiaries, Designation of Unrestricted Subsidiaries as Restricted Subsidiaries or Permitted C-Corp. Conversion 90 Section 4.14 Payment 4.26 Additional Collateral; Acquisition of Taxes and Other Claims 61 Assets or Property 92 Section 4.15 Offer to Repurchase upon Change of Control 61 4.27 Further Assurances 93 Section 4.16 4.28 Payments for Consent 62 93 Section 4.17 Additional Guarantees 63 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension 4.29 Restrictions on Activities of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5▇▇▇▇ Capital 94

Redemption and Prepayment. Section 3.01 Notices to Trustee 44 Trustee. 49 Section 3.02 Selection of Notes to Be Redeemed 45 or Purchased. 50 Section 3.03 Notice of Optional Redemption 45 Redemption. 50 Section 3.04 Effect of Notice of Redemption 46 Redemption. 51 Section 3.05 Deposit of Redemption Price 46 or Purchase Price. 51 Section 3.06 Notes Redeemed or Purchased in Part 47 Part. 52 Section 3.07 Optional Redemption 47 ARTICLE 4 COVENANTS Redemption. 52 Section 3.08 Mandatory Redemption. 53 Section 3.09 Offer to Purchase by Application of Excess Proceeds. 53 Section 4.01 Payment of Notes 49 Notes. 55 Section 4.02 Maintenance of Office or Agency 53 Agency. 55 Section 4.03 Reports 54 Reports. 56 Section 4.04 Compliance Certificate 56 Certificate. 57 Section 4.05 Corporate Existence 56 Taxes. 57 Section 4.06 [Intentionally Omitted] 56 Stay, Extension and Usury Laws. 57 Section 4.07 [Intentionally Omitted] 56 Restricted Payments. 58 Section 4.08 Limitation on Sale Dividend and Lease-Back Transactions 56 Other Payment Restrictions Affecting Restricted Subsidiaries. 63 Section 4.09 Limitation on Subsidiary Debt 57 Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock. 64 Section 4.10 [Intentionally Omitted] 60 Asset Sales. 70 Section 4.11 [Intentionally Omitted] 60 Transactions with Affiliates. 71 Section 4.12 Limitation on Liens 60 Liens. 74 Section 4.13 Business Activities 61 Activities. 74 Section 4.14 Payment of Taxes and Other Claims 61 Corporate Existence. 74 Section 4.15 Offer to Repurchase upon Upon Change of Control 61 Control. 74 Section 4.16 No Layering of Debt. 76 Section 4.17 Designation of Restricted and Unrestricted Subsidiaries 77 Section 4.18 Limitation on Sale and Leaseback Transactions. 77 Section 4.19 Existence of Corporate Co-Issuer 78 Section 4.20 Payments for Consent 62 Section 4.17 Additional Guarantees 63 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Consent. 78 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Additional Subsidiary Guarantees. 78

Redemption and Prepayment. Section 3.01. Notices to Trustee 44 Trustee. 37 Section 3.02 3.02. Selection of Notes to Be Redeemed 45 or Purchased. 38 Section 3.03 3.03. Notice of Optional Redemption 45 Redemption. 38 Section 3.04 3.04. Effect of Notice of Redemption 46 Redemption. 39 Section 3.05 3.05. Deposit of Redemption Price 46 or Purchase Price. 39 Section 3.06 3.06. Notes Redeemed or Purchased in Part 47 Part. 39 Section 3.07 3.07. Optional Redemption 47 ARTICLE 4 COVENANTS Redemption. 39 Section 4.01 3.08. Mandatory Redemption. 40 Section 3.09. Offer to Purchase by Application of Excess Proceeds. 40 Section 4.01. Payment of Notes 49 Notes. 42 Section 4.02 4.02. Maintenance of Office or Agency Agency. 42 Section 4.03. Reports. 43 Section 4.04. Compliance Certificate. 44 Section 4.05. Taxes. 44 Section 4.06. Stay, Extension and Usury Laws. 45 Section 4.07. Restricted Payments. 45 Section 4.08. Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. 48 Section 4.09. Incurrence of Indebtedness and Issuance of Disqualified Stock. 50 Section 4.10. Asset Sales. 52 Section 4.11. Transactions with Affiliates. 53 Section 4.03 Reports 54 4.12. Liens. 55 Section 4.04 Compliance Certificate 56 4.13. Corporate Existence. 55 Section 4.05 Corporate Existence 56 Section 4.06 [Intentionally Omitted] 56 Section 4.07 [Intentionally Omitted] 56 Section 4.08 Limitation on Sale and Lease-Back Transactions 56 Section 4.09 Limitation on Subsidiary Debt 57 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 60 Section 4.12 Limitation on Liens 60 Section 4.13 Business Activities 61 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 4.14. Offer to Repurchase upon Upon Change of Control 61 Control. 55 Section 4.16 4.15. Sale and Leaseback Transactions. 56 Section 4.16. Payments for Consent 62 Consent. 57 Section 4.17 Additional Guarantees 63 4.17. Liquidated Damages Notice. 57 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension of Guarantees Upon Change 4.18. Changes in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Covenants When Notes Rated Investment Grade. 57

Redemption and Prepayment. Section 3.1. Notices to Trustee 44 48 Section 3.02 3.2. Selection of Notes to Be Redeemed 45 48 Section 3.03 3.3. Notice of Optional Redemption 45 48 Section 3.04 3.4. Effect of Notice of Redemption 46 49 Section 3.05 3.5. Deposit of Redemption Price 46 50 Section 3.06 3.6. Notes Redeemed in Part 47 50 Section 3.07 3.7. Optional Redemption 47 ARTICLE 4 COVENANTS 50 Section 4.01 3.8. Special Mandatory Redemption. 51 Section 3.9. Certain Tender Offers 52 Section 4.1. Payment of Notes 49 52 Section 4.02 4.2. Maintenance of Office or Agency 53 52 Section 4.03 Reports 4.3. Provision of Financial Information 52 Section 4.4. Compliance Certificate 54 Section 4.04 Compliance Certificate 56 4.5. Taxes 54 Section 4.05 Corporate Existence 56 4.6. Stay, Extension and Usury Laws 55 Section 4.06 [Intentionally Omitted] 56 Section 4.07 [Intentionally Omitted] 56 Section 4.08 4.7. Limitation on Sale and Lease-Back Transactions 56 Restricted Payments 55 Section 4.09 4.8. Limitation on Subsidiary Debt 57 Dividend and Other Restrictions Affecting Restricted Subsidiaries 58 Section 4.10 [Intentionally Omitted] 60 4.9. Limitation on Additional Indebtedness 61 Section 4.11 [Intentionally Omitted] 60 4.10. Limitation on Asset Sales 65 Section 4.12 4.11. Limitation on Transactions with Affiliates 68 Section 4.12. Limitation on Liens 60 71 Section 4.13 Business Activities 61 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 4.13. Offer to Repurchase Purchase upon Change of Control 61 Triggering Event 71 Section 4.16 Payments for Consent 62 4.14. Corporate Existence 73 Section 4.17 4.15. Additional Guarantees 63 73 Section 4.18 [Intentionally Omitted] 63 4.16. Limitation on Designation of Unrestricted Subsidiaries 73 Section 4.19 Suspension 4.17. Effectiveness of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Covenants 74

Redemption and Prepayment. Notices to Trustee 44 Section 3.02 45 SECTION 3.2 Selection of Notes to Be Redeemed 45 Section 3.03 46 SECTION 3.3 Notice of Optional Redemption 45 Section 3.04 46 SECTION 3.4 Effect of Notice of Redemption 46 Section 3.05 47 SECTION 3.5 Deposit of Redemption Price 46 Section 3.06 47 SECTION 3.6 Notes Redeemed in Part 47 Section 3.07 48 SECTION 3.7 Optional Redemption 47 ARTICLE 4 COVENANTS Section 4.01 48 SECTION 3.8 Mandatory Redemption 49 SECTION 3.9 Offer to Purchase 49 SECTION 4.1 Payment of Notes 49 Section 4.02 50 SECTION 4.2 Maintenance of Office or Agency 53 Section 4.03 Reports 54 Section 4.04 51 SECTION 4.3 Provision of Financial Information 51 SECTION 4.4 Compliance Certificate 56 Section 4.05 Corporate Existence 56 Section 4.06 [Intentionally Omitted] 56 Section 4.07 [Intentionally Omitted] 56 Section 4.08 52 SECTION 4.5 Taxes 53 SECTION 4.6 Stay, Extension and Usury Laws 53 SECTION 4.7 Limitation on Sale and Lease-Back Transactions 56 Section 4.09 Restricted Payments 53 SECTION 4.8 Limitation on Subsidiary Dividend and Other Payment Restrictions Affecting Subsidiaries 54 SECTION 4.9 Limitation on Incurrence of Debt 56 SECTION 4.10 Limitation on Asset Sales 56 SECTION 4.11 Limitation on Transactions with Affiliates 57 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 60 Section SECTION 4.12 Limitation on Liens 60 Section 58 SECTION 4.13 Business Activities 61 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 Offer to Repurchase Purchase upon Change of Control 61 Section 59 SECTION 4.14 Corporate Existence; Amendments to Organizational Documents 59 SECTION 4.15 Additional Note Guarantees 59 SECTION 4.16 Payments for Consent 62 Section Books and Records 60 SECTION 4.17 Additional Guarantees 63 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension Conduct of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Business / Amendments to the Master Lease 60

Redemption and Prepayment. 35 Section 3.01. Notices to Trustee 44 35 Section 3.02 3.02. Selection of Notes to Be Redeemed 45 36 Section 3.03 3.03. Notice of Optional Redemption 45 36 Section 3.04 3.04. Effect of Notice of Redemption 46 37 Section 3.05 3.05. Deposit of Redemption Price 46 37 Section 3.06 3.06. Notes Redeemed in Part 47 37 Section 3.07 3.07. Optional Redemption 47 37 Section 3.08. Mandatory Redemption 38 Section 3.09. Offer To Purchase. 38 ARTICLE 4 4. COVENANTS 40 Section 4.01 4.01. Payment of Notes 49 40 Section 4.02 4.02. Maintenance of Office or Agency 53 41 Section 4.03 4.03. Reports 54 41 Section 4.04 4.04. Compliance Certificate 56 42 Section 4.05 4.05. Taxes 42 Section 4.06. Stay, Extension and Usury Laws 42 Section 4.07. Corporate Existence 56 43 Section 4.06 [Intentionally Omitted] 56 4.08. Payments for Consent 43 Section 4.07 [Intentionally Omitted] 56 4.09. Incurrence of Additional Debt and Issuance of Preferred Stock. 43 Section 4.08 Limitation 4.10. Restricted Payments 45 Section 4.11. Liens 47 Section 4.12. Asset Sales 48 Section 4.13. Restrictions on Distributions from Restricted Subsidiaries 49 Section 4.14. Affiliate Transactions 50 Section 4.15. Sale and Lease-Back Leaseback Transactions 56 51 Section 4.09 Limitation on Subsidiary Debt 57 4.16. Designation of Restricted and Unrestricted Subsidiaries 51 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 60 Section 4.12 Limitation on Liens 60 Section 4.13 Business Activities 61 Section 4.14 Payment 4.17. Repurchase at the Option of Taxes and Other Claims 61 Section 4.15 Offer to Repurchase upon Holders Upon a Change of Control 61 52 Section 4.16 Payments for Consent 62 4.18. Business Activities 52 Section 4.17 Additional Guarantees 63 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension 4.19. Limitations on Issuances of Guarantees Upon Change in Ratings 63 of Indebtedness 52 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 4.20. : Covenant Termination 53 ARTICLE 5. SUCCESSORS 54 Section 5.01. Merger, Consolidation and Sale of Assets 54 Section 5.02. Successor Corporation Substituted 55

Redemption and Prepayment. Section 3.01 Notices to Trustee 44 Trustee. 46 Section 3.02 Selection of Notes to Be Redeemed 45 or Purchased. 46 Section 3.03 Notice of Optional Redemption 45 Redemption. 47 Section 3.04 Effect of Notice of Redemption 46 Redemption. 48 Section 3.05 Deposit of Redemption Price 46 or Purchase Price. 48 Section 3.06 Notes Redeemed or Purchased in Part 47 Part. 48 Section 3.07 Optional Redemption 47 ARTICLE 4 COVENANTS Redemption. 48 Section 3.08 Mandatory Redemption. 49 Section 3.09 Offer to Purchase by Application of Excess Proceeds. 49 Section 4.01 Payment of Notes 49 Notes. 51 Section 4.02 Maintenance of Office or Agency 53 Agency. 51 Section 4.03 Reports 54 Reports. 52 Section 4.04 Compliance Certificate 56 Certificate. 53 Section 4.05 Corporate Existence 56 Taxes. 54 Section 4.06 [Intentionally Omitted] 56 Stay, Extension and Usury Laws. 54 Section 4.07 [Intentionally Omitted] 56 Restricted Payments. 54 Section 4.08 Limitation on Sale Dividend and Lease-Back Transactions 56 Other Payment Restrictions Affecting Restricted Subsidiaries. 58 Section 4.09 Limitation on Subsidiary Debt 57 Incurrence of Indebtedness and Issuance of Preferred Stock. 60 Section 4.10 [Intentionally Omitted] 60 Asset Sales. 64 Section 4.11 [Intentionally Omitted] 60 Transactions with Affiliates. 66 Section 4.12 Limitation on Liens 60 Liens. 67 Section 4.13 Business Activities 61 Activities. 67 Section 4.14 Payment of Taxes and Other Claims 61 Corporate Existence. 67 Section 4.15 Offer to Repurchase upon Upon Change of Control 61 Control. 69 Section 4.16 Payments for Consent 62 Additional Note Guarantees. 69 Section 4.17 Additional Guarantees 63 Designation of Restricted and Unrestricted Subsidiaries. 70 Section 4.18 [Intentionally Omitted] 63 Changes in Covenants When Notes Rated Investment Grade. 70 Section 4.19 Suspension of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Special Interest Notice. 71

Redemption and Prepayment. 50 Section 3.01. Notices to Trustee 44 50 Section 3.02 3.02. Selection of Notes to Be be Redeemed 45 or Purchased 50 Section 3.03 3.03. Notice of Optional Redemption 45 51 Section 3.04 3.04. Effect of Notice of Redemption 46 52 Section 3.05 3.05. Deposit of Redemption or Purchase Price 46 52 Section 3.06 3.06. Notes Redeemed or Purchased in Part 47 53 Section 3.07 3.07. Optional Redemption 47 53 Section 3.08. Offer to Purchase Upon Alternative Financing Trigger 54 Section 3.09. Offer to Purchase by Application of Excess Proceeds 56 ARTICLE 4 IV. COVENANTS 58 Section 4.01 4.01. Payment of Notes 49 58 Section 4.02 4.02. Maintenance of Office or Agency 53 58 Section 4.03 4.03. Reports 54 58 Section 4.04 4.04. Compliance Certificate 56 Section 4.05 Corporate Existence 56 Section 4.06 [Intentionally Omitted] 56 Section 4.07 [Intentionally Omitted] 56 Section 4.08 Limitation on Sale and Lease-Back Transactions 56 Section 4.09 Limitation on Subsidiary Debt 57 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 4.05. Taxes 60 Section 4.12 Limitation on Liens 4.06. Stay, Extension and Usury Laws 60 Section 4.13 Business Activities 4.07. Restricted Payments 61 Section 4.14 Payment of Taxes 4.08. Dividend and Other Claims 61 Payment Restrictions Affecting Restricted Subsidiaries 66 Section 4.15 4.09. Incurrence of Indebtedness and Issuance of Disqualified Stock 69 Section 4.10. Asset Sales 73 Section 4.11. Transactions with Affiliates 77 Section 4.12. Liens 79 Section 4.13. Offer to Repurchase upon Upon Change of Control 61 Triggering Event 80 Section 4.16 Payments for Consent 62 4.14. Future Guarantors 82 Section 4.17 Additional Guarantees 63 4.15. Designation of Restricted and Unrestricted Subsidiaries 82 Section 4.18 [Intentionally Omitted] 63 4.16. Covenant Suspension 83 Section 4.19 Suspension 4.17. Certain Compliance Determinations; Limited Condition Transactions 84 ARTICLE V. SUCCESSORS 87 Section 5.01. Merger, Consolidation or Sale of Guarantees Upon Change in Ratings 63 Assets 87 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 55.02. Successor Corporation Substituted 89

Redemption and Prepayment. Section 3.01. Notices to Trustee 44 61 Section 3.02 3.02. Selection of Notes to Be Redeemed 45 or Purchased 61 Section 3.03 3.03. Notice of Optional Redemption 45 62 Section 3.04 3.04. Effect of Notice of Redemption 46 63 Section 3.05 3.05. Deposit of Redemption or Purchase Price 46 63 Section 3.06 3.06. Notes Redeemed or Purchased in Part 47 63 Section 3.07 3.07. Optional Redemption 47 ARTICLE 4 COVENANTS 64 Section 4.01 3.08. Mandatory Redemption 65 Section 3.09. Offer to Purchase by Application of Excess Proceeds 65 Section 4.01. Payment of Notes 49 67 Section 4.02 4.02. Maintenance of Office or Agency 53 68 Section 4.03 4.03. Reports 54 68 Section 4.04 4.04. Compliance Certificate 56 69 Section 4.05 4.05. Taxes 70 Section 4.06. Stay, Extension and Usury Laws 70 Section 4.07. Restricted Payments 70 Section 4.08. Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 77 Section 4.09. Incurrence of Indebtedness and Issuance of Preferred Stock 79 Section 4.10. Asset Sales 85 Section 4.11. Transactions with Affiliates 88 Section 4.12. Liens 90 Section 4.13. Corporate Existence 56 90 Section 4.06 [Intentionally Omitted] 56 Section 4.07 [Intentionally Omitted] 56 Section 4.08 Limitation on Sale and Lease-Back Transactions 56 Section 4.09 Limitation on Subsidiary Debt 57 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 60 Section 4.12 Limitation on Liens 60 Section 4.13 Business Activities 61 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 4.14. Offer to Repurchase upon Upon Change of Control 61 91 Section 4.16 4.15. Payments for Consent 62 93 Section 4.17 4.16. Additional Note Guarantees 63 93 Section 4.18 [Intentionally Omitted] 63 4.17. Designation of Restricted and Unrestricted Subsidiaries 93 Section 4.19 Suspension of Guarantees Upon Change 4.18. Changes in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Covenants When Notes Rated Investment Grade 94

Redemption and Prepayment. Section 3.01 Redemption 37 Section 3.02 Notices to Trustee 44 38 Section 3.02 3.03 Selection of Notes to Be Redeemed 45 or Purchased 38 Section 3.03 3.04 Notice of Optional Redemption 45 39 Section 3.04 3.05 Effect of Notice of Redemption 46 39 Section 3.05 3.06 Deposit of Redemption or Purchase Price 46 40 Section 3.06 3.07 Notes Redeemed or Purchased in Part 47 40 Section 3.07 Optional Redemption 47 ARTICLE 4 COVENANTS 3.08 Offer to Purchase by Application of Excess Proceeds 40 Section 4.01 Payment of Notes 49 42 Section 4.02 Maintenance of Office or Agency 53 42 Section 4.03 Reports 54 42 Section 4.04 Compliance Certificate 44 Section 4.05 Taxes and Tax Treatment of Notes 44 Section 4.06 Stay, Extension and Usury Laws 44 Section 4.07 Restricted Payments 44 Section 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 47 Section 4.09 Incurrence of Indebtedness and Issuance of Disqualified Stock 49 Section 4.10 Asset Sales 52 Section 4.11 Transactions with Affiliates 54 Section 4.12 Liens 56 Section 4.05 Corporate Existence 56 Section 4.06 4.13 [Intentionally OmittedReserved] 56 Section 4.07 [Intentionally Omitted] 4.14 Existence 56 Section 4.08 Limitation on Sale and Lease-Back Transactions 56 Section 4.09 Limitation on Subsidiary Debt 57 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 60 Section 4.12 Limitation on Liens 60 Section 4.13 Business Activities 61 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 Offer to Repurchase upon Upon Change of Control 61 Section 4.16 Payments for Consent 62 Section 4.17 Additional Guarantees 63 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 556

Redemption and Prepayment. Notices to Trustee 44 60 Section 3.02 3.2 Selection of Notes to Be Redeemed 45 61 Section 3.03 3.3 Notice of Optional Redemption 45 61 Section 3.04 3.4 Effect of Notice of Redemption 46 62 Section 3.05 3.5 Deposit of Redemption or Purchase Price 46 62 Section 3.06 3.6 Notes Redeemed in Part 47 63 Section 3.07 3.7 Optional Redemption 47 ARTICLE 4 COVENANTS 63 Section 4.01 3.8 Mandatory Redemption 64 Section 3.9 Offer to Purchase 64 Section 4.1 Payment of Notes 49 65 Section 4.02 4.2 Maintenance of Office or Agency 53 65 Section 4.03 Reports 54 4.3 Provision of Financial Information 66 Section 4.04 4.4 Compliance Certificate 56 67 Section 4.05 Corporate Existence 56 4.5 Taxes 67 Section 4.06 [Intentionally Omitted] 56 4.6 Stay, Extension and Usury Laws 68 Section 4.07 [Intentionally Omitted] 56 Section 4.08 4.7 Limitation on Sale and Lease-Back Transactions 56 Restricted Payments 68 Section 4.09 4.8 Limitation on Subsidiary Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 72 Section 4.9 Limitation on Incurrence of Debt 57 74 Section 4.10 [Intentionally Omitted] 60 Limitation on Asset Sales 76 Section 4.11 [Intentionally Omitted] 60 Limitation on Transactions with Affiliates 78 Section 4.12 Limitation on Liens 60 80 Section 4.13 Business Activities 61 Limitation on Sale and Leaseback Transactions 80 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 Offer to Repurchase Purchase upon Change of Control 61 80 Section 4.15 Corporate Existence 81 Section 4.16 Payments for Consent 62 [Reserved] 81 Section 4.17 Additional Guarantees 63 Limitation on Creation of Unrestricted Subsidiaries 81 Section 4.18 [Intentionally Omitted] 63 Maintenance of Properties; Insurance; Books and Records 81 Section 4.19 Covenant Suspension of Guarantees Upon Change in Ratings 63 82 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Note Guarantee 83

Redemption and Prepayment. Notices Notice to Trustee 44 68 Section 3.02 Selection of Notes to Be Redeemed 45 or Purchased 69 Section 3.03 Notice of Optional Redemption 45 69 Section 3.04 Effect of Notice of Redemption 46 70 Section 3.05 Deposit of Redemption or Purchase Price 46 70 Section 3.06 Notes Redeemed or Purchased in Part 47 70 Section 3.07 Optional Redemption 47 ARTICLE 4 COVENANTS Redemption. 70 Section 4.01 Payment of Notes 49 Principal and Interest 72 Section 4.02 Maintenance of Office or Agency 53 Reserved 72 Section 4.03 SEC Reports 54 72 Section 4.04 Compliance Certificate 56 73 Section 4.05 Corporate Existence 56 Reserved 73 Section 4.06 [Intentionally Omitted] 56 Stay, Extension and Usury Laws 73 Section 4.07 [Intentionally Omitted] 56 Restricted Payments 73 Section 4.08 Limitation on Sale Incurrence of Indebtedness and Lease-Back Transactions 56 Issuance of Preferred Stock. 79 Section 4.09 Limitation on Subsidiary Debt 57 Reserved 84 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 60 Section 4.12 Limitation on Liens 60 Section 4.13 Business Activities 61 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 Offer to Repurchase upon Upon Change of Control 61 Control. 84 Section 4.11 Designation of Restricted and Unrestricted Subsidiaries 86 Section 4.12 Limitations on Liens. 87 Section 4.13 Delivery of Appraisals. 87 Section 4.14 Collateral Coverage Ratio 88 Section 4.15 Dispositions and Release of Collateral. 89 Section 4.16 Payments for Consent 62 Regulatory Cooperation. 91 Section 4.17 Additional Guarantees 63 Regulatory matters; citizenship; utilization; reporting. 91 Section 4.18 [Intentionally Omitted] 63 5.01 Merger and Sales of Assets 93 Section 4.19 Suspension of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 55.02 Successor Corporation Substituted 93

Redemption and Prepayment. Section 3.01. Notices to Trustee 44 Trustee. 46 Section 3.02 3.02. Selection of Notes to Be Redeemed 45 Redeemed. 47 Section 3.03 3.03. Notice of Optional Redemption 45 Redemption. 47 Section 3.04 3.04. Effect of Notice of Redemption 46 Redemption. 48 Section 3.05 3.05. Deposit of Redemption Price 46 Price. 48 Section 3.06 3.06. Notes Redeemed in Part 47 Part. 48 Section 3.07 3.07. Optional Redemption 47 ARTICLE 4 COVENANTS Redemption. 49 Section 4.01 3.08. Mandatory Redemption. 49 Section 3.09. Offer to Purchase by Application of Net Available Cash. 49 Section 3.10. Special Mandatory Redemption. 51 Section 4.01. Payment of Notes 49 Notes. 51 Section 4.02 4.02. Maintenance of Office or Agency 53 Agency. ▇▇ ▇▇▇▇▇▇▇ 4.03. Compliance Certificate. 52 Section 4.03 Reports 54 4.04. Taxes. 52 Section 4.04 Compliance Certificate 56 Section 4.05 Corporate Existence 56 Section 4.06 [Intentionally Omitted] 56 Section 4.07 [Intentionally Omitted] 56 Section 4.08 Limitation on Sale and Lease-Back Transactions 56 Section 4.09 Limitation on Subsidiary Debt 57 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 60 Section 4.12 Limitation on Liens 60 Section 4.13 Business Activities 61 Section 4.14 Payment of Taxes and Other Claims 61 Section 4.15 Offer to Repurchase upon Change of Control 61 Section 4.16 Payments for Consent 62 Section 4.17 Additional Guarantees 63 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of 4.05. Stay, Extension or and Usury Laws Laws. 52 Section 4.06. Change of Control. 53 Section 4.07. Limitation on Sales of Assets and Subsidiary Stock. 54 Section 4.08. Limitation on Restricted Payments. 56 Section 4.09. Limitation on Indebtedness and Preferred Stock. 61 Section 4.10. Limitation on Liens. 64 ARTICLE 5Section 4.11. Limitation on Restrictions on Distributions from Restricted Subsidiaries. 64 Section 4.12. Limitation on Affiliate Transactions. 66 Section 4.13. Future Guarantors. 68 Section 4.14. [Reserved]. 69 Section 4.15. Business Activities. 69 Section 4.16. [Reserved]. 69 Section 4.17. Covenant Suspension. 69 Section 4.18. SEC Reports. 69 Section 4.19. Activities Prior to the Acquisition Date. 70

Redemption and Prepayment. Notices to Trustee 44 Section 3.01 Optional Redemption 20 Section 3.02 Selection of Notes to Be Redeemed 45 Special Mandatory Redemption 20 Section 3.03 Notice of Optional Redemption 45 Section 3.04 Effect of Notice of Redemption 46 Section 3.05 Deposit of Redemption Price 46 Section 3.06 Notes Redeemed in Part 47 Section 3.07 Optional Redemption 47 ARTICLE 4 COVENANTS Procedures 21 Section 4.01 Payment of Notes 49 21 Section 4.02 Maintenance of Office or Agency 53 21 Section 4.03 Reports 54 22 Section 4.04 Compliance Certificate 56 23 Section 4.05 Corporate Existence 56 [Reserved] 23 Section 4.06 [Intentionally Omitted] 56 Stay, Extension and Usury Laws 23 Section 4.07 [Intentionally Omitted] 56 Restricted Payments 23 Section 4.08 Limitation on Sale Dividend and Lease-Back Transactions 56 Other Payment Restrictions Affecting Subsidiaries 27 Section 4.09 Limitation on Subsidiary Debt 57 Incurrence of Indebtedness and Issuance of Preferred Stock 29 Section 4.10 [Intentionally Omitted] 60 Asset Sales 34 Section 4.11 [Intentionally Omitted] 60 Transactions with Affiliates 35 Section 4.12 Limitation on Liens 60 37 Section 4.13 Business Activities 61 37 Section 4.14 Payment of Taxes and Other Claims 61 Existence 38 Section 4.15 Offer to Repurchase upon Upon Change of Control 61 Triggering Event 38 Section 4.16 Payments for Consent 62 40 Section 4.17 Additional Note Guarantees 63 40 Section 4.18 [Intentionally Omitted] 63 Designation of Restricted and Unrestricted Subsidiaries 40 Section 4.19 Suspension of Guarantees Upon Change Changes in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Covenants When Notes Rated Investment Grade 41

Redemption and Prepayment. Section 3.01. Notices to Trustee 44 35 Section 3.02 3.02. Selection of Notes to Be Redeemed 45 35 Section 3.03 3.03. Special Mandatory Redemption; Special Optional Redemption 36 Section 3.04. Notice of Optional Redemption 45 36 Section 3.04 3.05. Effect of Notice of Redemption 46 36 Section 3.05 3.06. Deposit of Redemption Price 46 37 Section 3.06 3.07. Notes Redeemed in Part 47 37 Section 3.07 3.08. Optional Redemption 47 ARTICLE 4 COVENANTS 37 Section 4.01 3.09. No Mandatory Redemption 38 Section 3.10. Offer to Purchase by Application of Net Proceeds 38 Section 4.01. Payment of Notes 49 39 Section 4.02 4.02. Maintenance of Office or Agency 53 39 Section 4.03 Reports 54 Section 4.04 4.03. Compliance Certificate 56 39 Section 4.05 Corporate Existence 56 4.04. Taxes 40 Section 4.06 4.05. Stay, Extension and Usury Laws 40 Section 4.06. Change of Control 40 Section 4.07. Asset Sales 42 Section 4.08. Restricted Payments 43 Section 4.09. Incurrence of Indebtedness and Issuance of Disqualified Equity 46 Section 4.10. Liens 47 Section 4.11. Dividend and Other Payment Restrictions Affecting Subsidiaries 47 Section 4.12. Transactions With Affiliates 49 Section 4.13. Additional Subsidiary Guarantees 50 Section 4.14. Designation of Restricted and Unrestricted Subsidiaries 51 Section 4.15. Business Activities 51 Section 4.16. [Intentionally Omitted] 56 51 Section 4.07 4.17. Payments for Consent 51 Section 4.18. Reports 51 Section 4.19. [Intentionally Omitted] 56 52 Section 4.08 Limitation on Sale and Lease-Back Transactions 56 Section 4.09 Limitation on Subsidiary Debt 57 Section 4.10 [Intentionally Omitted] 60 Section 4.11 [Intentionally Omitted] 60 Section 4.12 Limitation on Liens 60 Section 4.13 Business Activities 61 Section 4.14 Payment 4.20. Termination of Taxes and Other Claims 61 Section 4.15 Offer to Repurchase upon Change of Control 61 Section 4.16 Payments for Consent 62 Section 4.17 Additional Guarantees 63 Section 4.18 [Intentionally Omitted] 63 Section 4.19 Suspension of Guarantees Upon Change in Ratings 63 Section 4.20 Compliance with Laws 64 Section 4.21 Waiver of Stay, Extension or Usury Laws 64 ARTICLE 5Covenants 52

Redemption and Prepayment. Notices to Trustee 44 Section 3.01 Optional Redemption 20 Section 3.02 Selection of Notes to Be Redeemed 45 Special Mandatory Redemption 20 Section 3.03 Notice of Optional Redemption 45 Section 3.04 Effect of Notice of Redemption 46 Section 3.05 Deposit of Redemption Price 46 Section 3.06 Notes Redeemed in Part 47 Section 3.07 Optional Redemption 47 ARTICLE 4 COVENANTS Procedures 21 Section 4.01 Payment of Notes 49 21 Section 4.02 Maintenance of Office or Agency 53 21 Section 4.03 Reports 54 22 Section 4.04 Compliance Certificate 56 23 Section 4.05 Corporate Existence 56 [Reserved] 23 Section 4.06 [Intentionally Omitted] 56 Stay, Extension and Usury Laws 23 Section 4.07 [Intentionally Omitted] 56 Restricted Payments 24 Section 4.08 Limitation on Sale Dividend and Lease-Back Transactions 56 Other Payment Restrictions Affecting Subsidiaries 27 Section 4.09 Limitation on Subsidiary Debt 57 Incurrence of Indebtedness and Issuance of Preferred Stock 29 Section 4.10 [Intentionally Omitted] 60 Asset Sales 34 Section 4.11 [Intentionally Omitted] 60 Transactions with Affiliates 35 Section 4.12 Limitation on Liens 60 37 Section 4.13 Business Activities 61 37 Section 4.14 Payment of Taxes and Other Claims 61 Existence 38 Section 4.15 Offer to Repurchase upon Upon Change of Control 61 Triggering Event 38 Section 4.16 Payments for Consent 62 40 Section 4.17 Additional Note Guarantees 63 40 Section 4.18 [Intentionally Omitted] 63 Designation of Restricted and Unrestricted Subsidiaries 40 Section 4.19 Suspension Changes in Covenants When Notes Rated Investment Grade 41 Section 5.01 Events of Guarantees Upon Change in Ratings 63 Default 41 Section 4.20 Compliance with Laws 64 6.01 Effect of Second Supplemental Indenture 43 Section 4.21 6.02 Governing Law 44 Section 6.03 Waiver of StayJury Trial 44 Section 6.04 No Adverse Interpretation of Other Agreements 44 Section 6.05 Successors 44 Section 6.06 Severability 44 Section 6.07 Counterparts 44 Section 6.08 Table of Contents, Extension or Usury Laws 64 ARTICLE 5Headings, etc. 44 Section 6.09 Beneficiaries of this Second Supplemental Indenture 45 Section 6.10 No Personal Liability of Directors, Officers, Employees and Stockholders 45 Section 6.11 The Trustee 45 Appendix A PROVISIONS RELATING TO INITIAL NOTES AND EXCHANGE NOTES Exhibit A FORM OF INITIAL 6.625% NOTE Exhibit B FORM OF NOTATION OF GUARANTEE Exhibit C FORM OF SUPPLEMENTAL INDENTURE SECOND SUPPLEMENTAL INDENTURE (this “Second Supplemental Indenture”), dated as of March 19, 2013, among MetroPCS Wireless, Inc., a Delaware corporation, MetroPCS, Inc., a Delaware corporation, MetroPCS Communications, Inc., a Delaware corporation, the Subsidiary Guarantors party hereto from time to time and Deutsche Bank Trust Company Americas, a New York banking corporation, as trustee (the “Trustee”).