EXHIBIT 4(o)
J. C. PENNEY COMPANY, INC.
AND
U. S. BANK NATIONAL ASSOCIATION,
Trustee
______________________
FIFTH SUPPLEMENTAL INDENTURE
Dated as of January 27, 2002
TO
INDENTURE
Dated as of October 1, 1982
FIFTH SUPPLEMENTAL INDENTURE
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Fifth Supplemental Indenture dated as of January 27, 2002, among J. C.
Penney Company, Inc., a Delaware corporation (hereinafter called "Co-Obligor"),
J. C. Penney Corporation, Inc., a wholly-owned subsidiary of Co-Obligor,
(formerly known as J. C. Penney Company, Inc., and hereinafter called the
"Company") and U.S. Bank National Association, a corporation organized and
existing as a national banking association under the laws of the United States
of America, Trustee (formerly First Trust of California, National Association as
successor trustee to Bank of America National Trust and Savings Association, and
hereinafter called the "Trustee").
RECITALS OF THE COMPANY
The Company and the Trustee have heretofore executed an Indenture dated as
of October 1, 1982 (as heretofore amended and supplemented, hereinafter called
the "Original Indenture"), providing for the issuance of Securities of the
Company in accordance with its terms.
JCP Merger Sub, Inc., a wholly-owned subsidiary of the Co-Obligor has been
merged with and into the Company (the "Merger") and, as a result of the Merger,
the Company has become a wholly-owned subsidiary of Co-Obligor.
Co-Obligor has agreed to become co-obligor with respect to the Securities
issued under the Original Indenture.
Section 10.01 of the Original Indenture provides, among other things, that
the Company and the Trustee may enter into indentures supplemental to the
Original Indenture for, among other things, making any provisions with respect
to matters arising under the Original Indenture which shall not be inconsistent
with the provisions of the Original Indenture, provided that such action shall
not adversely affect the interest of any of the Holders of the Securities.
All things necessary to make this Supplemental Indenture a valid agreement
of the Company, in accordance with the terms of the Original Indenture, have
been done.
NOW, THEREFORE, THIS FIFTH SUPPLEMENTAL INDENTURE WITNESSETH:
That in order to make provision for Co-Obligor to become a co-obligor with
the Company on the Securities issued under the Original Indenture, Co-Obligor
and the Company, in consideration of the Trustee entering into this Supplemental
Indenture, covenant and agree with the Trustee as follows:
Section 1. Co-Obligor Status.
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Co-Obligor hereby expressly agrees to become a co-obligor on the Securities
liable for the due and punctual payment of the principal of (and premium, if
any) and interest, if any, on all the Securities.
Section 2. Joint and Several Liability.
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Co-Obligor and the Company, as co-obligors, shall be jointly and severally
liable for the due and punctual payment of the principal of (and premium, if
any) and interest, if any, on all Securities.
Section 3. No Release of Company.
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Notwithstanding the agreement of the Co-Obligor to become liable for the
due and punctual payment of the principal of (and premium, if any) and
interest, if any, on all the Securities issued under and subject to the
Indenture, the Company remains fully liable for all of its obligations under the
Indenture and has not been released from any liabilities or obligations
thereunder.
Section 4. General.
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This Supplemental Indenture is executed and shall be construed as an
indenture supplemental to the Original Indenture, and, as provided in the
Original Indenture, this Supplemental Indenture forms a part thereof.
All terms used in this Supplemental Indenture which are defined in the
Original Indenture shall have the meanings assigned to them in the Original
Indenture except as otherwise provided in this Supplemental Indenture.
The recitals contained herein shall be taken as the statements of the
Company, and the Trustee assumes no responsibility for their correctness. The
Trustee makes no representations as to the validity or sufficiency of this
Supplemental Indenture.
All covenants and agreements in this Supplemental Indenture by Co-Obligor
shall bind its successors and assigns, whether so expressed or not.
This Supplemental Indenture shall be construed in accordance with and
governed by the laws of the State of New York.
This Supplemental Indenture may be executed in any number of counterparts,
each of which shall be an original; but such counterparts shall together
constitute but one and the same instrument.
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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed, and their respective corporate seals to be
hereunto affixed and attested, all as of the day and year first above written.
J. C. Penney Company, Inc.,
as Co-Obligor
By:/s/ Robert B. Cavanaugh
--------------------------
Attest:/s/ C. R. Lotter
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Secretary
J. C. Penney Corporation, Inc.,
as the Company
By:/s/ Robert B. Cavanaugh
--------------------------
Attest:/s/ Jeffrey J. Vawrinek
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Assistant Secretary
U.S. Bank National Association,
Trustee
By:/s/ S. Dodson
--------------------------
Attest:/s/ William W. MacMillan
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Authorized Officer
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