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Title: |
Indenture |
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Date: |
2003 |
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Preview shows 26KB of 269KB total |
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$99 |
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ID: |
#313761 |
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JOHNSON CONTROLS, INC.
TO
U.S. BANK NATIONAL ASSOCIATION
TRUSTEE
INDENTURE
Dated as of __________, 20__
DEBT SECURITIES
{PAGE}
TABLE OF CONTENTS*
{TABLE}
{CAPTION}
Page
----
{S} {C}
Parties ........................................................................................................... 1
Recitals .......................................................................................................... 1
ARTICLE ONE.
Definitions.
SECTION 1.01. Definitions ........................................................................................ 1
Affiliate ................................................................................................ 1
Authenticating Agent ..................................................................................... 2
Board of Directors ....................................................................................... 2
Board Resolution ......................................................................................... 2
Business Day ............................................................................................. 2
Capitalized Rent ......................................................................................... 2
Company .................................................................................................. 3
Company Request and Company Order ........................................................................ 3
Consolidated Current Liabilities ......................................................................... 3
Consolidated Net Tangible Assets ......................................................................... 3
Consolidated Tangible Assets ............................................................................. 3
Conversion Date .......................................................................................... 4
Currency Determination Agent ............................................................................. 4
Current Market Price ..................................................................................... 4
Debt Security or Debt Securities ......................................................................... 4
Debt Security Register ................................................................................... 4
Depository ............................................................................................... 4
Dollar ................................................................................................... 5
Dollar Equivalent of the Foreign Currency ................................................................ 5
Event of Default ......................................................................................... 5
Foreign Currency ......................................................................................... 5
Funded Debt .............................................................................................. 5
Global Debt Security ..................................................................................... 5
Government Obligations ................................................................................... 5
Holder ................................................................................................... 6
Indenture ................................................................................................ 6
Indexed Debt Security .................................................................................... 6
Interest ................................................................................................. 6
Interest Payment Date .................................................................................... 6
Market Exchange Rate ..................................................................................... 6
{/TABLE}
---------------
* This table of contents shall not, for any purpose, be deemed to be a part of
the Indenture.
{PAGE}
{TABLE}
{S} {C}
Officers' Certificate .................................................................................... 6
Opinion of Counsel ....................................................................................... 7
Original Issue Discount Debt Security .................................................................... 7
Outstanding .............................................................................................. 7
Person ................................................................................................... 8
Place of Payment ......................................................................................... 8
Predecessor Debt Security ................................................................................ 8
Principal Office of the Trustee .......................................................................... 9
Principal Property ....................................................................................... 9
Public Notice ............................................................................................ 9
Redemption Date .......................................................................................... 9
Redemption Price ......................................................................................... 9
Regular Record Date ...................................................................................... 9
Responsible Officer ...................................................................................... 10
Restricted Subsidiary .................................................................................... 10
Secured Debt ............................................................................................. 10
Security Interest ........................................................................................ 10
Special Record Date ...................................................................................... 10
Stated Maturity .......................................................................................... 10
Subsidiary ............................................................................................... 11
Trustee .................................................................................................. 11
Trust Indenture Act of 1939 .............................................................................. 11
Unrestricted Subsidiary .................................................................................. 11
Valuation Date ........................................................................................... 11
Voting Stock ............................................................................................. 12
ARTICLE TWO.
Debt Security Forms.
SECTION 2.01. Forms Generally .................................................................................... 12
SECTION 2.02. Forms of Debt Securities ........................................................................... 12
SECTION 2.03. Form of Trustee's Certificate of Authentication .................................................... 13
SECTION 2.04. Debt Securities in Global Form ..................................................................... 13
ARTICLE THREE.
The Debt Securities.
SECTION 3.01. Title and Terms .................................................................................... 15
SECTION 3.02. Denominations ...................................................................................... 17
SECTION 3.03. Payment of Principal and Interest .................................................................. 18
SECTION 3.04. Execution of Debt Securities ....................................................................... 18
SECTION 3.05. Temporary Debt Securities .......................................................................... 20
{/TABLE}
{PAGE}
{TABLE}
{S} {C}
SECTION 3.06. Exchange and Registration of Transfer of Debt Securities ........................................... 20
SECTION 3.07. Mutilated, Destroyed, Lost or Stolen Debt Securities ............................................... 22
SECTION 3.08. Payment of Interest; Interest Rights Preserved ..................................................... 23
SECTION 3.09. Persons Deemed Owners .............................................................................. 24
SECTION 3.10. Cancellation of Debt Securities Paid, etc .......................................................... 24
SECTION 3.11. Currency and Manner of Payments .................................................................... 24
ARTICLE FOUR.
Redemption of Debt Securities; Sinking Funds.
SECTION 4.01. Applicability of Article ........................................................................... 26
SECTION 4.02. Notice of Redemption; Selection of Debt Securities ................................................. 26
SECTION 4.03. Payment of Debt Securities Called for Redemption ................................................... 28
SECTION 4.04. Exclusion of Certain Securities from Eligibility for Selection for Redemption ...................... 28
SECTION 4.05. Provisions with Respect to any Sinking Funds ....................................................... 28
ARTICLE FIVE.
Particular Covenants of the Company
SECTION 5.01. Payment of Principal, Premium and Interest ......................................................... 30
SECTION 5.02. Offices for Notices and Payments, etc .............................................................. 30
SECTION 5.03. Appointments to Fill Vacancies in Trustee's Office ................................................. 31
SECTION 5.04. Provisions as to Paying Agent ...................................................................... 31
SECTION 5.05. Limitation on Secured Debt ......................................................................... 32
SECTION 5.06. Sale and Leaseback Transactions .................................................................... 34
SECTION 5.07. Restrictions on Transfer of Principal Property to Unrestricted Subsidiaries ........................ 35
SECTION 5.08. Certificate to Trustee ............................................................................. 35
SECTION 5.09. Waivers of Covenants ............................................................................... 36
ARTICLE SIX.
Holders' Lists and Reports by the Company and the Trustee.
SECTION 6.01. Holders' Lists ..................................................................................... 36
SECTION 6.02. Preservation and Disclosure of Lists ............................................................... 36
SECTION 6.03. Reports by the Company ............................................................................. 37
SECTION 6.04. Reports by the Trustee ............................................................................. 37
{/TABLE}
{PAGE}
{TABLE}
{S} {C}
ARTICLE SEVEN.
Remedies of the Trustee and Holders on Event of Default.
SECTION 7.01. Events of Default .................................................................................. 37
SECTION 7.02. Payment of Debt Securities Upon Default; Suit Therefor ............................................. 40
SECTION 7.03. Application of Moneys Collected by Trustee ......................................................... 42
SECTION 7.04. Proceedings by Holders ............................................................................. 43
SECTION 7.05. Proceedings by Trustee ............................................................................. 44
SECTION 7.06. Remedies Cumulative and Continuing ................................................................. 44
SECTION 7.07. Direction of Proceedings and Waiver of Defaults by Majority of Holders ............................. 44
SECTION 7.08. Notice of Defaults ................................................................................. 45
SECTION 7.09. Undertaking to Pay Costs ........................................................................... 45
SECTION 7.10. Unconditional Right of Holders to Receive Principal, Premium and Interest .......................... 45
ARTICLE EIGHT.
Concerning the Trustee.
SECTION 8.01. Duties and Responsibilities of Trustee ............................................................. 45
SECTION 8.02. Reliance on Documents, Opinions, etc ............................................................... 46
SECTION 8.03. No Responsibility for Recitals, etc ................................................................ 47
SECTION 8.04. Trustee and Agents May Own Debt Securities ......................................................... 47
SECTION 8.05. Moneys to be Held in Trust ......................................................................... 48
SECTION 8.06. Compensation and Expenses of Trustee ............................................................... 48
SECTION 8.07. Officers' Certificate as Evidence .................................................................. 48
SECTION 8.08. Conflicting Interest of Trustee .................................................................... 48
SECTION 8.09. Eligibility of Trustee ............................................................................. 49
SECTION 8.10. Resignation or Removal of Trustee .................................................................. 49
SECTION 8.11. Acceptance by Successor Trustee .................................................................... 50
SECTION 8.12. Succession by Merger, etc .......................................................................... 51
SECTION 8.13. Limitation on Rights of Trustee as a Creditor ...................................................... 52
SECTION 8.14. Authenticating Agents .............................................................................. 52
ARTICLE NINE.
Concerning the Holders.
SECTION 9.01. Action by Holders .................................................................................. 55
SECTION 9.02. Proof of Execution by Holders ...................................................................... 55
SECTION 9.03. Who Are Deemed Absolute Owners ..................................................................... 55
SECTION 9.04. Company-Owned Debt Securities Disregarded .......................................................... 56
SECTION 9.05. Revocation of Consents; Future Holders Bound ....................................................... 56
{/TABLE}
{PAGE}
{TABLE}
{S} {C}
ARTICLE TEN
Holders' Meetings.
SECTION 10.01. Purposes of Meetings .............................................................................. 57
SECTION 10.02. Call of Meetings by Trustee ....................................................................... 57
SECTION 10.03. Call of Meetings by Company or Holders ............................................................ 57
SECTION 10.04. Qualifications for Voting ......................................................................... 58
SECTION 10.05. Regulations ....................................................................................... 58
SECTION 10.06. Voting ............................................................................................ 59
SECTION 10.07. No Delay of Rights by Meeting ..................................................................... 59
ARTICLE ELEVEN.
Supplemental Indentures.
SECTION 11.01. Supplemental Indentures without Consent of Holders ................................................ 59
SECTION 11.02. Supplemental Indentures with Consent of Holders ................................................... 61
SECTION 11.03. Effect of Supplemental Indentures ................................................................. 62
SECTION 11.04. Notation on Debt Securities ....................................................................... 62
SECTION 11.05. Evidence of Compliance of Supplemental Indenture to be Furnished Trustee .......................... 62
ARTICLE TWELVE.
Consolidation, Merger, Sale and Conveyance.
SECTION 12.01. Company May Consolidate, etc., on Certain Terms ................................................... 63
SECTION 12.02. Successor Corporation to be Substituted ........................................................... 63
SECTION 12.03. Opinion of Counsel to Be Given Trustee ............................................................ 65
ARTICLE THIRTEEN.
Satisfaction and Discharge of Indenture.
SECTION 13.01. Satisfaction, Discharge and Defeasance of Debt Securities of any Series ........................... 65
SECTION 13.02. Defeasance of Debt Securities of any Series ....................................................... 67
SECTION 13.03. Application of Trust Funds; Indemnification ....................................................... 68
SECTION 13.04. Return of Unclaimed Moneys ........................................................................ 69
ARTICLE FOURTEEN.
Immunity of Incorporators, Stockholders, Officers and Directors.
SECTION 14.01. Indenture and Debt Securities Solely Corporate Obligations ........................................ 69
{/TABLE}
{PAGE}
{TABLE}
{S} {C}
ARTICLE FIFTEEN.
Miscellaneous Provisions.
SECTION 15.01. Provisions Binding on Successors of the Company ................................................... 70
SECTION 15.02. Indenture for Sole Benefit of Parties and Holders of Debt Securities .............................. 70
SECTION 15.03. Addresses for Notices, etc ........................................................................ 70
SECTION 15.04. New York Contract ................................................................................. 70
SECTION 15.05. Evidence of Compliance with Conditions Precedent .................................................. 70
SECTION 15.06. Legal Holidays .................................................................................... 71
SECTION 15.07. Trust Indenture Act of 1939 to Control ............................................................ 71
SECTION 15.08. Table of Contents, Headings, etc .................................................................. 71
SECTION 15.09. Determination of Principal Amount ................................................................. 71
SECTION 15.10. Execution in Counterparts ......................................................................... 72
Signatures ........................................................................................................
Acknowledgements ..................................................................................................
{/TABLE}
{PAGE}
CROSS REFERENCE SHEET
BETWEEN
Provisions of Sections 310 through 318(a) inclusive of Trust Indenture
Act of 1939 and the Indenture dated as of _________, 20__ between Johnson
Controls, Inc. and U.S. Bank National Association, as Trustee.
{TABLE}
{CAPTION}
SECTION OF ACT SECTION OF INDENTURE
-------------- --------------------
{S} {C}
310(a)(1) and (2)................................... 8.09
310(a)(3) and (4)................................... *
310(b).............................................. 8.08 and 8.10
310(c).............................................. *
311(a).............................................. 8.13(a)
311(b).............................................. 8.13(b)
311(c).............................................. *
312(a).............................................. 6.01 and 6.02(a)
312(b).............................................. 6.02(b)
312(c).............................................. 6.02(c)
313(a)(1), (2), (3), (4), (6) and (7)............... 6.04(a)(1-6)
313(a)(5)........................................... *
313(b)(1)........................................... *
313(b)(2)........................................... 6.04(b)
313(c).............................................. 6.04(c)
313(d).............................................. 6.04(d)
314(a)(1)........................................... 6.03(a)
314(a)(2)........................................... 6.03(b)
314(a)(3)........................................... 6.03(c)
314(b).............................................. *
314(c)(1)........................................... 15.05
314(c)(2)........................................... 15.05
314(c)(3)........................................... *
314(d).............................................. *
314(e).............................................. 15.05
314(f).............................................. *
315(a), (c) and (d)................................. 8.01
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