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EXHIBIT 4B
REGISTERED REGISTERED
N U M B E R [J.B. HUNT LOGO] AMOUNT
SPECIMEN $100,000,000
CUSIP 445658 AC 1
J.B. HUNT TRANSPORT SERVICES, INC.
7% SENIOR NOTES DUE SEPTEMBER 15, 2004
J.B. HUNT TRANSPORT SERVICES, INC., a corporation duly organized and existing
under the laws of Arkansas (herein called the "Company," which term includes any
successor corporation under the Indenture hereinafter referred to), FOR VALUE
RECEIVED, HEREBY PROMISES TO PAY TO
SPECIMEN
or registered assigns the principal sum of Dollars
on September 15, 2004, in such coin or currency of the United States of America
as at the time of payment shall be legal tender for the payment of public and
private debts, and to pay interest, semi-annually on March 15 and September 15
of each year, on said principal sum, in like coin or currency, at the rate per
annum specified in the title of this Security, to the registered holder hereof
as of the close of business on the last day of the month preceding the month in
which an interest payment is due, except as otherwise provided in the Indenture
referred to on the reverse hereof, all at the office or agency of the Company in
the City of Lowell, State of Arkansas, from the March 15 or September 15, as the
case may be, next preceding the date of this Security to which interest has been
paid (unless the date hereof is a March 15 or September 15 to which interest has
been paid in which case from the date hereof or unless the date hereof is prior
to the payment of any interest on the Securities, in which case from September
10, 1998 or unless the date hereof is between the first day of March or
September, as the case may be, and the next following March 15 or September 15,
in which case from such March 15 or September 15, except that, if the Company
shall default in payment of the interest due on such March 15 or September 15,
then from the next preceding March 15 or September 15 to which interest has been
paid or, if no interest has been paid on the Securities, from September 10,
1998) until payment of said principal sum has been made or duly provided for;
provided, however, that payment of interest may be made at the option of the
Company by check mailed on or before the payment date to the address of the
person entitled thereto as such address shall appear in the Security register.
This Security shall not be valid or become obligatory for any purpose until the
certificate of authentication hereon shall have been signed by the Trustee or an
Authenticating Agent under the Indenture referred to on the reverse hereof.
REFERENCE IS MADE TO THE FURTHER PROVISIONS OF THIS SECURITY SET FORTH ON THE
REVERSE HEREOF. SUCH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME
EFFECT AS THOUGH FULLY SET FORTH AT THIS PLACE.
IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed
under its corporate seal.
Dated:
TRUSTEES' AUTHENTICATION CERTIFICATE
This is one of the Securities of the series designated herein
referred to in the within-mentioned Indenture.
LASALLE NATIONAL BANK,
as successor Trustee
By
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Authorized Signatory
J.B. HUNT TRANSPORT SERVICES, INC.
[SEAL]
ATTEST: By:
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Secretary Chairman of the Board
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J.B. HUNT TRANSPORT SERVICES, INC.
7% SENIOR NOTES DUE SEPTEMBER 15, 2004
1. DESIGNATION
This Security is one of a duly authorized series of Securities of the
Company, designated as its 7% Senior Notes Due September 15, 2004 (herein called
the "Securities"), limited to the aggregate principal amount of $100,000,000,
all issued or to be issued under and pursuant to a senior indenture dated as of
July 1, 1993 (herein called the "Indenture"), duly executed and delivered by the
Company and LaSalle National Bank, as successor Trustee (herein called the
"Trustee"), to which Indenture and all indentures supplemental thereto reference
is hereby made for a description of the rights, limitation of rights,
obligations, duties and immunities thereunder of the Trustee, the Company and
the Holders of the Securities. Capitalized terms used but not defined herein are
defined in the Indenture and are used herein with the same meanings as ascribed
to them therein.
2. PAYING AGENT AND REGISTRAR
Initially, the Trustee will act as Paying Agent, Registrar and as the
agent where notices and demands to or upon the Company in respect of the
Securities may be served. The Company may appoint and change any Paying Agent,
Registrar or agent for notices without notice, other than notice to the Trustee.
The Company or any of its Subsidiaries or any of their Affiliates may act as
Paying Agent, Registrar or agent for notices.
3. DENOMINATIONS; TRANSFERS; EXCHANGE
The Securities are in registered form, without coupons, in denominations
of $1,000 in principal amount and integral multiples of $1,000. Upon due
presentation for registration of transfer of this Security at the corporate
trust office of the Trustee in the City of Chicago, State of Illinois or any
other such designated office or agency of the Company, a new Security or
Securities of authorized denominations for an equal aggregate principal amount
will be issued to the transferee in exchange herefor, subject to the limitations
imposed by the Indenture, without charges except for any tax or other
governmental charge imposed in connection therewith, and the Security may in a
like manner be exchanged for one or more new Securities of other authorized
denominations but of the same aggregate principal amount.
4. PERSONS DEEMED OWNERS
The Company, the Trustee, any Paying Agent and any Registrar may deem and
treat the registered Holder hereof as the absolute owner of this Security
(whether or not this Security shall be overdue and notwithstanding any notation
of ownership or other writing herein made by anyone other than the Company, the
Trustee or any Registrar) for purposes of receiving payment hereof, or on
account hereof, and for all other purposes, and neither the Company, the
Trustee, any Paying Agent nor any Registrar shall be affected by any notice to
the contrary. All payments made to or upon the order of such registered Holder
shall, to the extent of the sum or sums so paid, satisfy and discharge the
liability for moneys payable on this Security.
5. DEFAULTS; AMENDMENTS; WAIVER
In case an Event of Default, as defined in the Indenture, shall have
occurred and be continuing, the principal hereof and the interest accrued
thereon may be declared, and upon such declaration shall become, due and
payable, in the manner, with the effect and subject to the conditions provided
in the Indenture.
The Indenture contains provisions permitting the Company and the Trustee
with the consent of the Holders of not less than a majority in aggregate
principal amount of each series of Securities then Outstanding under the
Indenture and affected thereby, evidenced as provided in the Indenture, to
execute supplemental indentures adding any provisions to or changing in any
manner or eliminating any of the provisions of the Indenture or of any
supplemental indenture or modifying in any manner the rights of the Holders of
the Securities; provided, however, that no such supplemental indenture shall (i)
extend the final maturity of any Security, or reduce the principal amount
thereof, or reduce the rate or extend the time of payment of interest thereon,
change the coin or currency in which payments are to be made, impair or affect
the right of any Holder to institute suit for enforcement of any payment thereof
or (ii) reduce the aforesaid percentage of any series of such Securities, the
consent of the Holders of which is required for any such supplemental indenture,
without the consent of the Holders of each Security of any series so affected.
It is also provided in the Indenture that the Holders of not less than a
majority in aggregate principal amount of the Securities of any series then
Outstanding may on behalf of the Holders of all of the Securities of such series
waive any past default under the Indenture and its consequences except a default
in the payment of the principal of or interest on any of the Securities of such
series. Any such consent or waiver by the Holder of this Security (unless
revoked as provided in the Indenture) shall be conclusive and binding upon such
Holder and upon all future Holders and owners of this Security and any
Securities which may be issued in exchange or substitution herefor, irrespective
of whether or not any notation thereof is made upon this Security or such other
Securities.
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 interest on this
Security at the place, at the respective times, and at the rate and in the coin
or currency herein provided.
6. NO RECOURSE AGAINST OTHERS
No recourse shall be had for the payment of the principal of or interest
on this Security, or for any claim based hereon, or otherwise in respect hereof,
or based on or in respect of the Indenture or any indenture supplemental thereto
against any incorporator, stockholder, officer or director, as such, past,
present or future, of the Company or any partner of the Company or of any
successor corporation, either directly or through the Company or any successor
corporation, under any rule of law, statute or constitutional provision or by
the enforcement of any assessment or legal or equitable proceeding or otherwise,
all such liability being, by the acceptance hereof and as part of the
consideration for the issue hereof, expressly waived and released.
7. GOVERNING LAW
THE INDENTURE AND THIS SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
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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:
TEN COM - as tenants in common UNIF GIFT MIN ACT -
____________Custodian_____________
TEN ENT - as tenants by the entireties (Cust) (Minor)
JT TEN - as joint tenants with right of UNDER UNIFORM GIFTS TO MINORS ACT _______
survivorship and not as tenants in common (State)
Additional abbreviations may also be used though not in the above list.
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FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s)
unto
PLEASE INSERT SOCIAL SECURITY OR
OTHER IDENTIFYING NUMBER OF ASSIGNEE
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Please print or typewrite name and address including postal zip code of
assignee
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the within Security and all rights thereunder, hereby irrevocably constituting
and appointing
attorney
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to transfer said Security on the books of the Company, with full power of
substitution in the premises.
Dated:___________________
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NOTICE: The signature to this
assignment must correspond with
the name as written upon the face
of the within instrument in every
particular, without alteration or
enlargement or any change whatever.
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Unless and until it is exchanged in whole or in part for Securities in
definitive registered form, this Security may not be transferred except as a
whole by the Depositary to the 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.