Common use of Redemption of Securities and Sinking Funds Clause in Contracts

Redemption of Securities and Sinking Funds. SECTION 12.1 Application of Article 60 SECTION 12.2 Notice of Redemption 60 SECTION 12.3 Payment of Securities Called for Redemption 61 SECTION 12.4 Exclusion of Certain of Securities from Eligibility for Selection for Redemption 62 SECTION 12.5 Mandatory and Optional Sinking Funds 62 TESTIMONIUM 65 SIGNATURES AND SEALS 65 ACKNOWLEDGMENTS 66 CROSS REFERENCE SHEET* Between Provisions of Trust Indenture Act of 1939, as amended, and the Indenture to be dated as of ___________________, 2000 between McMoRan Exploration Co. and ____________________, as Trustee: Section of the Act Section of Indenture 310(a)(1), (2) and (5) 6.8 310(a)(3) and (4) Inapplicable 310(b) 6.9(a), (b) and (d) 310(c) Inapplicable 311(a) and (b) 6.12 311(c) Inapplicable 312(a) 4.1 and 4.2(a) 312(b) 4.2(b) 312(c) 4.2(c) 313(a) 4.4(a) 313(a)(5) 4.4(b) 313(b) 4.4(b) 313(c) 4.4(c) 313(d) 4.4(d) 314(a) 3.5 and 4.3 314(b) Inapplicable 314(c) 11.5 314(d) Inapplicable 314(e) 11.5 314(f) Inapplicable 315(a), (c) and (d) 6.1 315(b) 5.11 315(e) 5.12 316(a)(1) 5.9 316(a)(2) Not required 316(a) (last sentence) 7.4 316(b) 5.7 316(c) 7.6 317(a) 5.2 317(b) 3.4 318(a) 11.7 *This Cross Reference Sheet is not part of the Indenture THIS INDENTURE, dated as of __________________________, 2000, by and between McMoRan Exploration Co. (the "Issuer"), a Delaware corporation, and ____________________, a _____________________ corporation, as trustee (the "Trustee"),

Redemption of Securities and Sinking Funds. SECTION 12.1 Application of Article 60 SECTION 12.2 Notice of Redemption 60 SECTION 12.3 Payment of Securities Called for Redemption 61 62 SECTION 12.4 Exclusion of Certain of Securities from Eligibility for Selection for Redemption 62 63 SECTION 12.5 Mandatory and Optional Sinking Funds 62 63 ARTICLE THIRTEEN - SUBORDINATION SECTION 13.1 Agreement to Subordinate 65 SECTION 13.2 Payments to Securityholders 65 SECTION 13.3 Subrogation 67 SECTION 13.4 Authorization by Securityholders 68 SECTION 13.5 Notice to Trustee 68 SECTION 13.6 Trustee's Relation to Senior Indebtedness 69 SECTION 13.7 No Impairment of Subordination 69 TESTIMONIUM 65 70 SIGNATURES AND SEALS 65 70 ACKNOWLEDGMENTS 66 71 CROSS REFERENCE SHEET* Between Provisions of Trust Indenture Act of 1939, as amended, and the Indenture to be dated as of ___________________, 2000 between McMoRan Exploration Co. and ____________________, as Trustee: Section of the Act Section of Indenture 310(a)(1), (2) and (5) 6.8 310(a)(3) and (4) Inapplicable 310(b) 6.9(a), (b) and (d) 310(c) Inapplicable 311(a) and (b) 6.12 311(c) Inapplicable 312(a) 4.1 and 4.2(a) 312(b) 4.2(b) 312(c) 4.2(c) 313(a) 4.4(a) 313(a)(5) 4.4(b) 313(b) 4.4(b) 313(c) 4.4(c) 313(d) 4.4(d) 314(a) 3.5 and 4.3 314(b) Inapplicable 314(c) 11.5 314(d) Inapplicable 314(e) 11.5 314(f) Inapplicable 315(a), (c) and (d) 6.1 315(b) 5.11 315(e) 5.12 316(a)(1) 5.9 316(a)(2) Not required 316(a) (last sentence) 7.4 316(b) 5.7 316(c) 7.6 317(a) 5.2 317(b) 3.4 318(a) 11.7 *This Cross Reference Sheet is not part of the Indenture THIS INDENTURE, dated as of __________________________, 2000, 2000 by and between McMoRan Exploration Co. (the "Issuer"), a Delaware corporation, and ____________________, a ______________________ corporation, as trustee (the "Trustee"),

Redemption of Securities and Sinking Funds. SECTION 12.1 Application of Article 60 SECTION 12.2 Notice of Redemption 60 SECTION 12.3 Payment of Securities Called for Redemption 61 62 SECTION 12.4 Exclusion of Certain of Securities from Eligibility for Selection for Redemption 62 63 SECTION 12.5 Mandatory and Optional Sinking Funds 62 63 ARTICLE THIRTEEN - SUBORDINATION SECTION 13.1 Agreement to Subordinate 65 SECTION 13.2 Payments to Securityholders 65 SECTION 13.3 Subrogation 67 SECTION 13.4 Authorization by Securityholders 68 SECTION 13.5 Notice to Trustee 68 SECTION 13.6 Trustee's Relation to Senior Indebtedness 69 SECTION 13.7 No Impairment of Subordination 70 TESTIMONIUM 65 71 SIGNATURES AND SEALS 65 72 ACKNOWLEDGMENTS 66 73 CROSS REFERENCE SHEET* Between Provisions of Trust Indenture Act of 1939, as amended, and the Indenture to be dated as of ___________________, 2000 between Freeport-McMoRan Exploration Co. Copper & Gold Inc. and ____________________, as Trustee: Section of the Act Section of Indenture ------------------ -------------------- 310(a)(1), (2) and (5) 6.8 310(a)(3) and (4) Inapplicable 310(b) 6.9(a), (b) and (d) 310(c) Inapplicable 311(a) and (b) 6.12 311(c) Inapplicable 312(a) 4.1 and 4.2(a) 312(b) 4.2(b) 312(c) 4.2(c) 313(a) 4.4(a) 313(a)(5) 4.4(b) 313(b) 4.4(b) 313(c) 4.4(c) 313(d) 4.4(d) 314(a) 3.5 and 4.3 314(b) Inapplicable 314(c) 11.5 314(d) Inapplicable 314(e) 11.5 314(f) Inapplicable 315(a), (c) and (d) 6.1 315(b) 5.11 315(e) 5.12 316(a)(1) 5.9 316(a)(2) Not required 316(a) (last sentence) 7.4 316(b) 5.7 316(c) 7.6 317(a) 5.2 317(b) 3.4 318(a) 11.7 *This Cross Reference Sheet is not part of the Indenture Indenture. THIS INDENTURE, dated as of __________________________, 2000, 2000 by and between Freeport-McMoRan Exploration Co. Copper & Gold Inc. (the "Issuer"), a Delaware corporation, and ____________________, a ______________________ corporation, as trustee (the "Trustee"),

Redemption of Securities and Sinking Funds. SECTION 12.1 Application of Article 60 59 SECTION 12.2 Notice of Redemption 60 SECTION 12.3 Payment of Securities Called for Redemption 61 SECTION 12.4 Exclusion of Certain of Securities from Eligibility for Selection for Redemption 62 SECTION 12.5 Mandatory and Optional Sinking Funds 62 TESTIMONIUM 65 SIGNATURES AND SEALS 65 66 ACKNOWLEDGMENTS 66 67 CROSS REFERENCE SHEET* --------------------- Between Provisions of Trust Indenture Act of 1939, as amended, and the Indenture to be dated as of ___________________, 2000 between Freeport-McMoRan Exploration Co. Copper & Gold Inc. and ____________________, as Trustee: Section of the Act Section of Indenture ------------------ -------------------- 310(a)(1), (2) and (5) 6.8 310(a)(3) and (4) Inapplicable 310(b) 6.9(a), (b) and (d) 310(c) Inapplicable 311(a) and (b) 6.12 311(c) Inapplicable 312(a) 4.1 and 4.2(a) 312(b) 4.2(b) 312(c) 4.2(c) 313(a) 4.4(a) 313(a)(5) 4.4(b) 313(b) 4.4(b) 313(c) 4.4(c) 313(d) 4.4(d) 314(a) 3.5 and 4.3 314(b) Inapplicable 314(c) 11.5 314(d) Inapplicable 314(e) 11.5 314(f) Inapplicable 315(a), (c) and (d) 6.1 315(b) 5.11 315(e) 5.12 316(a)(1) 5.9 316(a)(2) Not required 316(a) (last sentence) 7.4 316(b) 5.7 316(c) 7.6 317(a) 5.2 317(b) 3.4 318(a) 11.7 *This Cross Reference Sheet is not part of the Indenture Indenture. THIS INDENTURE, dated as of __________________________, 2000, by and between Freeport-McMoRan Exploration Co. Copper & Gold Inc. (the "Issuer"), a Delaware corporation, and ____________________, a _____________________ corporation, as trustee (the "Trustee"),