<PAGE> 1
Exhibit 4.4b
<TABLE>
<S> <C> <C> <C> <C>
NOTE NUMBER AGENT'S NAME
PAINE WEBBER GROUP INC.
- ---------------------------------------------------------------------------------------------
PRINCIPAL AMOUNT SETTLEMENT DATE TRADE DATE
U.S.$ (ORIGINAL ISSUE DATE)
- -------------------------------------------------------------------------------------------------------------------------------
MATURITY DATE TRUSTEE CUST. NO. INTEREST RATE TAXPAYER ID OR TRANSFERRED
SOC. SEC. NO.
OF PURCHASER
- -------------------------------------------------------------------------------------------------------------------------------
NAME AND ADDRESS OF REGISTERED OWNER MEDIUM TERM
NOTE
PROGRAM
CHASE MANHATTAN BANK DELAWARE
TRUSTEE
THE CHASE MANHATTAN BANK
AUTHENTICATING AGENT
- -------------------------------------------------------------------------------------------------------------------------------
CUSTOMER'S RETAIN FOR THE TIME OF THE TRANSACTION PLEASE SIGN AND RETURN SEE REVERSE SIDE
COPY TAX PURPOSES WILL BE FURNISHED UPON ENCLOSED RECEIPT
REQUEST OF THE CUSTOMER
- -------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 2
REGISTERED REGISTERED
PAINE WEBBER GROUP INC.
MEDIUM-TERM SUBORDINATED NOTE, SERIES D
Due from Nine Months to 30 Years from Date of Issue
(Fixed Rate)
No. U.S.$
CUSIP NO.
IF APPLICABLE, THE "TOTAL AMOUNT OF OID", "YIELD TO MATURITY" AND
"INITIAL ACCRUAL PERIOD OID" (COMPUTED UNDER THE APPROXIMATE METHOD) BELOW WILL
BE COMPLETED SOLELY FOR PURPOSES OF APPLYING THE FEDERAL INCOME TAX ORIGINAL
ISSUE DISCOUNT ("OID") RULES.
<TABLE>
<CAPTION>
ORIGINAL ISSUE DATE: INTEREST RATE: MATURITY DATE:
<S> <C> <C>
ISSUE PRICE: ORIGINAL ISSUE BUSINESS DAY CENTERS:
DISCOUNT SECURITY:
[ ] YES [ ] NO
REGULAR RECORD DATES: OPTIONAL REDEMPTION: PAYMENT OF ADDITIONAL
[ ] YES [ ] NO AMOUNTS:
[ ] YES [ ] NO
INTEREST PAYMENT DATES: REDEMPTION DATES: OPTION TO ELECT
REPAYMENT:
[ ] YES [ ] NO
TOTAL AMOUNT OF OID: REDEMPTION PRICES: REPAYMENT DATES:
YIELD TO MATURITY: GLOBAL SECURITY: REPAYMENT PRICES:
[ ] YES [ ] NO
INITIAL ACCRUAL PERIOD DEPOSITARY:
OID:
</TABLE>
OTHER TERMS:
PAINE WEBBER GROUP INC., a Delaware corporation (herein called the
"Company", which term includes any successor corporation under the Indenture
referred to on the reverse hereof), for value received, hereby promises to
pay to ____________________________, or registered assigns, the principal sum
of ________________ U.S. DOLLARS, on the Maturity Date specified above, and
to pay interest thereon from and including the Original Issue Date shown
above or from and including the last date in respect of which interest has
been paid or provided for, as the case may be. Interest will be paid on the
Interest Payment Dates shown above, commencing with the first such Interest
Payment Date following the Original Issue Date shown above, at the Interest
Rate per annum specified above until the principal
<PAGE> 3
hereof is paid or made available for payment. The interest so payable, and
punctually paid or duly provided for, on any Interest Payment Date will, as
provided in such Indenture, be paid to the Person in whose name this Security
(or one or more Predecessor Securities) is registered at the close of business
on the Regular Record Date specified above (whether or not a Business Day) next
preceding such Interest Payment Date, except that in the case of a Security with
an Original Issue Date that is after a Regular Record Date and before the next
following Interest Payment Date, interest payable on such Interest Payment Date
will be paid to the Person in whose name such Security was initially registered
on the Original Issue Date; provided, however, that interest pay able at
Maturity shall be payable to the Person to whom principal shall be payable.
Except as otherwise provided in the Indenture, any such interest not so
punctually paid or duly provided for will forthwith cease to be payable to the
Holder on such Regular Record Date and may either be paid to the Person in whose
name this Security (or one or more Predecessor Securities) is registered at the
close of business on a Special Record Date for the payment of such Defaulted
Interest to be fixed by the Trustee, notice whereof to be given to Holders of
Securities of this series not less than 10 days prior to such Special Record
Date, or be paid at any time in any other lawful manner not inconsis tent with
the requirements of any securities exchange on which the Securities of this
series may be listed, and upon such notice as may be required by such exchange,
all as more fully provided in said Indenture. If this Security is not a Global
Security, payments of interest on this Security (other than interest payable at
Maturity) will be made by mailing a check to the person entitled thereto at its
address appearing in the Security Register for the Securi ties on the applicable
Regular Record Date. Notwithstanding the foregoing, at the option of the Company
such payments may be made by wire transfer of immediately available funds to an
account with a bank located in the continental United States (or other
jurisdiction acceptable to the Company and The Chase Manhattan Bank, as Paying
Agent), but only if appropriate payment instructions have been received in
writing by the Paying Agent not less than five Business Days prior to the
applicable Interest Payment Date. Pay ments of principal of, premium, if any,
and interest will be made in immediately available funds, if at maturity or upon
earlier redemption, then on the Maturity Date or the date fixed for redemption,
as applicable, upon surrender of this Security at the principal corporate trust
office of the Paying Agent in the Borough of Manhattan, The City of New York, or
such other office or agency of the Company as may be designated by it for such
purpose in the Borough of Manhattan, The City of New York (the "Notes Office");
2
<PAGE> 4
provided that this Security is presented to such office in time for the Paying
Agent to make such payments in such funds in accordance with its normal
procedures; and if upon early repayment, then on the applicable Repayment Date;
provided that the Holder shall have complied with the requirements for repayment
set forth on the reverse hereof. If this Security is a Global Security, the
Depositary will be paid as agreed by the Company, the Trustee, the Paying Agent
and the Depositary and beneficial owners hereof will be paid in accordance with
the Depositary's and its parti cipants' procedures in effect from time to time.
"Maturity" shall mean the date on which the principal of this Security or an
installment of principal becomes due, whether on the Maturity Date specified
above, upon redemption or early repayment or otherwise.
If the registered owner of this Security (as indicated above) is the
Depositary or a nominee of the Depositary, this Security is a Global Security
and the following legend is applicable: UNLESS AND UNTIL IT IS EXCHANGED IN
WHOLE FOR THE INDIVIDUAL SECURITIES REPRESENTED HEREBY, THIS GLOBAL 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 ANOTHER
NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A
SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.
If the registered owner of this Security is The Depository Trust
Company or a nominee of The Depository Trust Company, then unless this
certificate is presented by an authorized representative of The Depository Trust
Company (55 Water Street, New York, New York) to the Company or its agent for
registration of transfer, exchange or payment, and any certificate issued is
registered in the name of CEDE & CO., or such other name as requested by an
authorized repre sentative of The Depository Trust Company and any payment is
made to CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner hereof,
CEDE & CO., has an interest herein.
REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS SECURITY SET
FORTH IN FULL ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL
PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH IN FULL AT THIS PLACE.
Unless the certificate of authentication hereon has been executed by
the Trustee referred to on the reverse hereof, directly or through an
Authenticating Agent, by
3
<PAGE> 5
manual signature of an authorized officer, this Security shall not be entitled
to any benefit under the Indenture or be valid or obligatory for any purpose.
IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal.
Dated: PAINE WEBBER GROUP INC.
By
-----------------------------
Title:
[Seal] Attest:
-----------------------------
Secretary
TRUSTEE'S CERTIFICATE OF AUTHENTICATION
This is one of the Securities of the Series designated therein referred to in
the within-mentioned Indenture.
Dated:
CHASE MANHATTAN BANK CHASE MANHATTAN BANK DELAWARE
DELAWARE As Trustee
As Trustee OR
By The Chase Manhattan Bank
As Authenticating Agent
By
---------------------------
Authorized Officer
By
-----------------------------
Authorized Officer
4
<PAGE> 6
PAINE WEBBER GROUP INC.
MEDIUM-TERM SUBORDINATED NOTE, SERIES D
Due from Nine Months to 30 Years
from Date of Issue
(Fixed Rate)
This Security is one of a duly authorized issue of securities of the
Company (herein called the "Securities"), issued and to be issued in one or more
series under an Indenture dated as of March 15, 1988, as amended by a First
Supplemental Indenture dated as of September 22, 1989, by a Second Supplemental
Indenture dated as of March 22, 1991, and by a Third Supplemental Indenture
dated as of November 30, 1993 (such Indenture, as so supplemented, is herein
called the "Indenture"), between the Company and Chase Manhattan Bank Delaware
(formerly known as Chemical Bank Delaware), as Trustee (herein called the
"Trustee", which term includes any successor trustee under the Indenture), to
which Indenture and all indentures supplemental thereto reference is hereby made
for a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the Holders of the
Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered. This Security is one of the series designated on
the face hereof.
If so specified on the face hereof, the Company will, subject to the
limitations and exceptions set forth below, pay to a Holder of this Security who
is a United States Alien (as defined below) such additional amounts ("Additional
Amounts") as may be necessary in order that every net payment of the principal
of, premium, if any, and interest on this Security, after deduction or with
holding by the Company, the Trustee or any of the Company's paying agents for or
on account of any present or future tax, assessment or other governmental charge
imposed upon such Holder with respect to or as a result of such payment by the
United States or any political subdivision or taxing authority thereof or
therein, will not be less than the amount provided herein to be then due and
payable. However, the Company shall not be required to make any such payment of
Additional Amounts for or on account of:
(a) any tax, assessment or other governmental charge that
would not have been imposed but for (i) the existence of any present or
former connection between such Holder (or between a fiduciary, settlor
or bene-
<PAGE> 7
ficiary of, or a person holding a power over, such Holder, if
such Holder is an estate or a trust, or between a member or shareholder
of such Holder, if such Holder is a partnership or corporation) and the
United States, including, without limitation, such Holder (or such
fiduciary, settlor, beneficiary, person holding a power, member or
shareholder) being or having been a citizen or resident or treated as a
resident thereof or being or having been engaged in a trade or business
therein or being or having been present therein or having or having had
a permanent establishment therein, or (ii) such Holder's present or
former status as a domestic or foreign personal holding company, a
passive foreign investment company or a controlled foreign corporation,
a private foundation or other tax-exempt organization for United States
Federal income tax purposes or a corporation that accumulates earnings
to avoid United States Federal income tax;
(b) any tax, assessment or other governmental charge that
would not have been so imposed but for the presentation by the Holder
of this Security for payment on a date more than 15 days after the date
on which such payment became due and payable or the date on which
payment thereof was duly provided for, whichever occurs later;
(c) any estate, inheritance, gift, sales, transfer, excise or
personal property tax or any similar tax, assessment or other
governmental charge;
(d) any tax, assessment or other governmental charge that
would not have been imposed but for the failure to comply with
certification, information, documentation or other reporting
requirements concerning the nationality, residence, identity or
connection with the United States of the Holder or beneficial owner of
this Security, if such compliance is required by statute or by
regulation of the United States or any taxing authority thereof as a
precondition to relief or exemption from such tax, assessment or other
governmental charge;
(e) any tax, assessment or other governmental charge that is
(i) payable otherwise than by deduction or withholding from payments of
principal of or premium, if any, or interest on this Security or (ii)
required to be deducted or withheld by any paying agent from any such
payment, if (and only if) such payment can be made without such
deduction or withholding by any other paying agent;
2
<PAGE> 8
(f) any tax, assessment or other governmental charge imposed
on interest received by a person holding, actually or constructively,
10 percent or more of the total combined voting power of all classes of
stock of the Company entitled to vote (taking into account the
applicable attribution of ownership rules under Section 871(h)(3) of
the Internal Revenue Code of 1986, as amended (the "Code")) or that is
a controlled foreign corporation related to the Company (directly or
indirectly) through stock ownership; or
(g) any combination of items (a), (b), (c), (d), (e) and (f);
nor will Additional Amounts be paid with respect to payment of the principal of
or premium, if any, or interest on this Security to any United States Alien that
is a fiduciary or partnership or to a person other than the sole beneficial
owner of this Security to the extent that a beneficiary or settlor with respect
to such fiduciary or a member of such partnership or a beneficial owner would
not have been entitled to the Additional Amounts had such beneficiary, settlor,
member or beneficial owner been the Holder of this Security.
The Company, at its option, may redeem this Security as a whole, but
not in part, at any time that this Security is Registered in the name of a
United States Alien, on giving not less than 30 nor more than 45 days' notice to
the registered Holder hereof by mail in accordance with the provisions of the
Indenture (which notice shall be irrevo cable), at a redemption price equal to
the principal amount hereof (or, in the case of an Original Issue Discount
Security, the amount specified on the face hereof), together with accrued
interest to the redemption date, if the Company determines that the Company has
or will become obligated to pay Additional Amounts on this Security on the next
succee ding Interest Payment Date as a result of any change in, or amendment to,
the laws (or any regulations or rulings promulgated thereunder) of the United
States or any political subdivision or taxing authority thereof or therein
affecting taxation, or any change in the application or official interpretation
of such laws, regulations or rulings by a taxing authority, court or regulatory
agency, whether or not rendered or taken with respect to the Company, or any
action taken by any taxing authority, court or regulatory agency (including any
change in administrative policy or enforcement practice of such taxing
authority), whether or not taken with respect to the Company, which change or
amendment becomes effective, or action is taken, on or after the Original Issue
Date, and such obligation cannot be
3
<PAGE> 9
avoided by the Company taking reasonable measures available to it. Prior to
giving any notice of redemption pursuant to this paragraph, the Company shall
deliver to the Trustee an Officers' Certificate stating that the Company is
entitled to effect such redemption and setting forth a statement of facts
showing that the conditions precedent to the right of the Company so to redeem
have occurred, and an opinion of independent legal counsel addressed to the
Company and the Trustee to the effect that the Company has or will become
obligated to pay such Additional Amounts as a result of such change or
amendment. Notice of the intention of the Company to redeem this Security shall
not be given earlier than 90 days prior to the earliest date that the obligation
to pay Additional Amounts would arise were a payment in respect of this Security
due on such date. From and after any redemption date, if monies for the
redemption of this Security pursuant to this paragraph shall have been made
available for redemption on such redemption date, this Security shall cease to
bear interest and the only right of the Holder of this Security shall be to
receive payment of the redemption price of this Security and all unpaid interest
accrued to such redemption date. For purposes of this paragraph, the Trustee may
rely on an Officers' Certificate as to whether the registered Holder hereof is a
United States Alien.
The term "United States Alien" means any person who, for United States
Federal income tax purposes, is a foreign corporation, a nonresident alien
individual, a nonresident alien fiduciary of a foreign estate or trust or a
foreign partnership, one or more of the members of which is, for United States
Federal income tax purposes, a foreign corporation, a nonresident alien
individual or a nonresident alien fiduciary of a foreign estate or trust.
If so specified on the face hereof, the Company may at its option
redeem this Security in whole or from time to time in part on the date or dates
designated as Redemp tion Dates on the face hereof at the Redemption Price or
Redemption Prices designated on the face hereof, together with accrued interest
to the date of redemption. The Company may exercise such option by mailing or
causing the Trustee to mail a notice of such redemption at least 30 but not more
than 45 days prior to the date of redemption. In the event of redemption of this
Security in part only, a new Security or Securities of like tenor and with the
same terms and conditions for the unredeemed portion hereof shall be issued in
the name of the Holder hereof upon the cancelation hereof. If less than all of
the Securities having the same terms (except as to principal amount and date of
issuance) as this Security are to be redeemed, the Securities to be
4
<PAGE> 10
redeemed shall be selected by the Trustee by such method as the Trustee shall
deem fair and appropriate and otherwise as provided under the Indenture.
If so specified on the face hereof, this Security will be repayable
prior to the Maturity Date at the option of the Holder on the date or dates or
under the circum stances designated as Repayment Dates on the face hereof at the
Repayment Price or Repayment Prices designated on the face hereof together with
accrued interest to the date of repayment. In order for this Security to be
repaid, Chemical Bank, as Paying Agent, must receive at the Notes Office at
least 30 but not more than 45 days prior to the applicable Repayment Date (a)
appropriate wire instructions and (b) either (i) this Security with the form
below entitled "Option to Elect Repayment" duly completed or (ii) a telegram,
telex, facsimile transmission or letter from a member of a national securities
exchange or the National Association of Securities Dealers, Inc., or a
commercial bank or trust company in the United States or any other "eligible
guarantor institution" (as such term is defined in Rule 17Ad-15 under the
Securities Exchange Act of 1934, as amended) setting forth the name of the
Holder of this Security, the principal amount of this Security, the portion of
the principal amount of this Security to be repaid, the certificate number or a
description of the tenor and terms of this Security, a statement that the option
to elect repayment is being exercised thereby and a guarantee that this Security
with the form below entitled "Option to Elect Repayment" duly completed will be
received by the Paying Agent not later than five Business Days after the date of
such telegram, telex, facsimile transmission or letter. If the procedure
described in clause (ii) of the preceding sentence is followed, this Security
with such form duly completed must be received by the Paying Agent by such fifth
Business Day. Any tender of this Security for repayment shall be irrevocable.
The repayment option may be exercised by the Holder of this Security for less
than the entire principal amount of this Security provided that the principal
amount of the Security remaining outstanding after repayment is an authorized
denomination. Upon such partial repayment this Security shall be canceled and a
new Security or Securities of like tenor and with the same terms and conditions
for the remaining principal amount hereof shall be issued in the name of the
Holder of this Security or as otherwise specified in the form entitled "Option
to Elect Repayment". After exercise of the repayment option, no transfer or
exchange of this Security (or, if this Security is to be repaid in part, the
portion hereof to be repaid) will be permitted. All questions as to the
validity, eligibility (including time of receipt) and acceptance of
5
<PAGE> 11
this Security for repayment will be determined by the Company, whose
determination will be final, binding and non-appealable.
The indebtedness evidenced by this Security is expressly subordinated
in right of payment, to the extent and in the manner set forth in the Indenture,
to the prior payment in full of all Superior Indebtedness (as defined in the
Indenture) and this Security is issued subject to such provisions of the
Indenture, and each Holder of this Security by accepting the same agrees to and
shall be bound by such provisions and authorizes and directs the Trustee on his
behalf to take such action as may be necessary or appro priate to acknowledge or
effectuate such subordination as provided in the Indenture and appoints the
Trustee his attorney-in-fact for any and all such purposes.
Interest payments on each Interest Payment Date for this Security and
at Maturity will include interest accrued from and including the later of the
Original Issue Date or the most recent date to which interest has been paid or
provided for to but excluding such Interest Payment Date or to but excluding
Maturity. Interest payments for this Security shall be computed and paid on the
basis of a 360-day year of twelve 30-day months.
Notwithstanding anything herein to the contrary, the interest rate on
this Security will in no event be higher than the maximum rate permitted by New
York law as the same may be modified by United States law of general
applicability.
Any payment of principal of (and premium, if any) or interest required
to be made on this Security on a day which is not a Business Day need not be
made on such day, but may be made on the next day which is such a Business Day
with the same force and effect as if made on such day, and no interest shall
accrue as a result of such delayed payment. "Business Day" means each day, other
than a Saturday or Sunday, that is not a day on which banking institutions in
the Business Day Centers specified on the face hereof are authorized or
obligated by law or executive order to close.
If an Event of Default with respect to Securities of this series shall
occur and be continuing, the principal of the Securities of this series may be
declared due and payable in the manner and with the effect provided in the
Indenture.
6
<PAGE> 12
Any terms or conditions of this Security ("Other Terms") specified on
the face hereof under "Other Terms" shall apply to this Security. In the event
of any conflict between any Other Terms and any other terms or conditions of
this Security, the Other Terms shall control.
Notwithstanding anything herein to the contrary, if this Security is an
Original Issue Discount Security, the amount payable in the event of
acceleration following an Event of Default prior to the Maturity Date hereof in
lieu of the principal amount due at the Maturity Date hereof shall be the
Amortized Face Amount of this Security as of the date of declaration of
acceleration. The "Amortized Face Amount" of this Security shall be an amount
equal to (a) the Issue Price (as set forth on the face hereof) plus (b) that
portion of the difference between the Issue Price and the principal amount
hereof that has accrued at the Yield to Maturity (as set forth on the face
hereof) (computed in accordance with generally accepted United States bond yield
computation principles) at the date as of which the Amortized Face Amount is
calculated, but in no event shall the Amortized Face Amount of this Security
exceed its principal amount.
The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities of each series to be
affected under the Indenture at any time by the Company and the Trustee with the
consent of the Holders of 66-2/3% in principal amount of the Securities at the
time Outstanding of each series to be affected. The Indenture also contains
provisions permitting the Holders of specified percentages in principal amount
of the Securities of each series at the time Outstanding, on behalf of the
Holders of all Securities of such series, to waive certain past defaults under
the Indenture and their consequences. Any such consent or waiver by the Holder
of this Security shall be conclusive and binding upon such Holder and upon all
future Holders of this Security and of any Security issued upon the registra
tion of transfer hereof or in exchange herefor or in lieu hereof, whether or not
notation of such consent or waiver is made upon this Security.
As set forth in, and subject to, the provisions of the Indenture, no
Holder of any Security of this series will have any right to institute any
proceeding with respect to the Indenture or for any remedy thereunder, unless
such Holder shall have previously given to the Trustee written notice of a
continuing Event of Default with respect to this series, the Holders of not less
than 25% in principal amount
7
<PAGE> 13
of the Outstanding Securities of this series shall have made written request,
and offered reasonable indemnity, to the Trustee to institute such proceeding as
trustee, the Trustee shall not have received from the Holders of a majority in
principal amount of the Outstanding Securities of this series a direction
inconsistent with such request and the Trustee shall have failed to institute
such proceeding within 60 days; provided, however, that such limitations do not
apply to a suit instituted by the Holder hereof for the enforcement of payment
of the principal of (and premium, if any) or interest on this Security on or
after the respective due dates expressed herein.
No reference herein to the Indenture and no provision of this Security
or of the Indenture shall alter or impair the obligation of the Company, which
is absolute and unconditional, to pay the principal of (and premium, if any) and
interest on this Security at the times, places and rate, and in the coin or
currency, herein prescribed.
As provided in the Indenture and subject to certain limitations therein
set forth, the transfer of this Security is registrable in the Security Register
upon surrender of this Security for registration of transfer to the Security
Registrar at the Notes Office duly endorsed by, or accompanied by a written
instrument of transfer in form satisfactory to the Company and the Security
Registrar duly executed by, the Holder hereof or his attorney duly authorized
in writing, and thereupon one or more new Securities of this series and of like
tenor, of authorized denominations and having the same terms and conditions and
for the same aggregate principal amount, will be issued to the designated
transferee or transferees.
The Securities of this series are issuable only in registered form,
without coupons, in denominations of U.S.$100,000 and any integral multiple of
U.S.$1,000 in excess thereof. As provided in the Indenture and subject to
certain limitations therein set forth, Securities of this series are
exchangeable for a like aggregate principal amount of Securities of this series
and of like tenor of different authorized denominations and having the same
terms and conditions, as requested by the Holder surrendering the same.
No service charge shall be made for any such registration of transfer
or exchange, but the Company may require payment of a sum sufficient to cover
any tax or other governmental charge payable in connection therewith.
8
<PAGE> 14
Prior to due presentment of this Security for registration of transfer,
the Company, the Trustee and any agent of the Company or the Trustee may treat
the Person in whose name this Security is registered as the owner hereof for all
purposes, whether or not this Security is overdue, and neither the Company, the
Trustee nor any such agent shall be affected by notice to the contrary.
The Indenture and the Securities shall be governed by and construed in
accordance with the laws of the State of New York.
All terms used in this Security which are defined in the Indenture and
are not otherwise defined herein shall have the meanings assigned to them in the
Indenture.
9
<PAGE> 15
OPTION TO ELECT REPAYMENT
The undersigned owner of this Security hereby irrevocably elects to
have the Company repay the principal amount of this Security or portion hereof
below designated at the applicable Repayment Price indicated on the face hereof
plus interest accrued to the applicable Repayment Date.
Dated:
----------------------------
- ----------------------------------
Signature
Sign exactly as name appears on the front of
this Security [SIGNATURE GUARANTEE--
required only if Securities are to be
issued and delivered to other than the
registered holder]
Principal amount to be
repaid, if amount to be Fill In for registration of
repaid is less than the Securities if to be issued otherwise
principal amount of this than to registered holder:
Security (principal amount
remaining must be an
authorized denomination) Name:
------------------------
U.S.$ Address:
-------------------------- ----------------------
-------------------
(Please print name
and address
including zip code)
SOCIAL SECURITY OR OTHER
TAXPAYER ID NUMBER
------------------------------
10
<PAGE> 16
-------------
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face
of this instrument, shall be construed as though they were written out in full
according to applicable laws or regulations:
UNIF GIFT MIN ACT...
TEN COM - as tenants in common ..........Custodian..........
TEN ENT - as tenants by the (Cust) (Minor)
entireties Under Uniform Gifts to
JT TEN - as joint tenants with Minors Act
right of survivorship
and not as tenants in
common .............................
(State)
Additional abbreviations may also be used though not in the
above list.
FOR VALUED RECEIVED, the undersigned hereby sell(s), assign(s) and
transfers) unto
Please insert Social Security Number
or Other Identifying Number of
Assignee
--------------------------------------------------------------------------------
PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS
INCLUDING POSTAL ZIP CODE OF ASSIGNEE
the within Security and all rights thereunder, hereby irrevocably constituting
and appointing ____________________ attorney to transfer said Security on the
books of the Company, with full power of substitution in the premises.
Dated: ------------------------------
------------------ Signature
11
