Common use of Amount and Payment of Principal and Interest Clause in Contracts

Amount and Payment of Principal and Interest. (a) In accordance with the Company Order delivered to the Trustee pursuant to Section 3.03 of the Base Indenture, the Trustee shall authenticate and deliver the Notes with the Guarantee affixed thereto for original issue on the date hereof in the aggregate principal amount of $500,000,000. The principal amount of each Note shall be payable on May 18, 2028. (b) Subject to the terms and conditions contained herein, the Company may, without the consent of the holders of the Notes, issue additional debt securities (the “Additional Notes”) having the same ranking and the same interest rate, maturity and other terms as the Notes of a particular series. Any such Additional Notes and the Notes of such series will constitute a single series under the Indenture. (c) Interest shall be paid semi-annually in arrears on May 18 and November 18, beginning on November 18, 2023 (each an “Interest Payment Date”), to each person in whose name the Notes are registered at the close of business on May 3 and November 3 (whether or not that date is a Business Day as that term is defined in the Indenture) immediately preceding the Interest Payment Date. (d) The Company will compute interest on the Notes on the basis of a 360-day year consisting of twelve 30-day months. If any Interest Payment Date or maturity or redemption date falls on a day that is not a Business Day, then the payment will be made on the next Business Day without additional interest and with the same effect as if it were made on the originally scheduled date. For the avoidance of doubt, the Trustee shall have no obligation to compute interest on the Notes or to verify the Company’s computation with respect thereto.

Amount and Payment of Principal and Interest. (a) In accordance with the Company Order delivered to the Trustee pursuant to Section 3.03 303 of the Base Indenture, the Trustee shall authenticate and deliver the Notes with the Guarantee Guaranty affixed thereto for original issue on the date hereof in the aggregate principal amount of $500,000,0001,000,000,000. The principal amount of each Note shall be payable on May 18October 1, 20282030. (b) Subject to the terms and conditions contained herein, the Company maymay from time to time, without the consent of the holders of the Notesexisting Holders, create and issue additional debt securities Notes (the “Additional Notes”) having the same ranking terms and the same interest rate, maturity and other terms conditions as the Notes in all respects, except for issue date, issue price and, under some circumstances, the first interest payment date. Such Additional Notes, at the Company’s determination and in accordance with the provisions of a particular series. Any such Additional Notes the Indenture, will be consolidated with and the Notes of such series will constitute form a single series with the previously outstanding Notes of the same series for U.S. federal income tax purposes and for all purposes under the Indenture, including, without limitation, amendments, waivers and redemptions. The aggregate principal amount of the Additional Notes, if any, shall be unlimited. (c) The Notes shall bear interest at 2.250% per year beginning on the date of issuance until the Notes are redeemed, paid, or duly provided for. Interest shall be paid semi-annually in arrears on May 18 April 1 and November 18, beginning on November 18, 2023 October 1 of each year (each an “Interest Payment Date”), to each person in whose name commencing on October 1, 2020. The regular record date for interest payable on the Notes are registered at shall be the close of business on May 3 March 15 and November 3 (whether or not that date is a Business Day September 15, as that term is defined in the Indenture) case may be, immediately preceding the each Interest Payment Date. (d) The Company . Interest will compute interest on the Notes be computed on the basis of a 360-day year consisting comprised of twelve 30-day months. If any Interest Payment Date Any payment of principal or maturity or redemption date falls interest required to be made on a day that is not a Business DayDay need not be made on such day, then the payment will but may be made on the next succeeding Business Day without additional interest and with the same force and effect as if it were made on the originally scheduled date. For the avoidance such day and no interest shall accrue as a result of doubt, the Trustee shall have no obligation to compute interest on the Notes or to verify the Company’s computation with respect theretosuch delayed payment.