Common use of Description of the Notes Clause in Contracts

Description of the Notes. The Company will authorize the issue and sale of (i) $35,000,000 aggregate principal amount of 5.65% Series WW Senior Unsecured Notes due May 22, 2031 (the “Series WW Notes”), and (ii) $40,000,000 aggregate principal amount of 5.79% Series XX Senior Unsecured Notes due May 22, 2034 (the “Series XX Notes,” together with the Series WW Notes are collectively, the “Notes”) shall be substantially in the form set out in Exhibits 1-A and 1-B, respectively. Certain capitalized and other terms used in this Agreement are defined in Schedule B; and, for purposes of this Agreement, the rules of construction set forth in Section 22.5 shall govern.

Description of the Notes. The Company will authorize the issue and sale of (i) $35,000,000 30,000,000 aggregate principal amount of 5.655.19% Series WW YY Senior Unsecured Notes due May 22September 18, 2031 (the “Series WW YY Notes”), and (ii) $40,000,000 aggregate principal amount of 5.795.45% Series XX ZZ Senior Unsecured Notes due May 22September 18, 2034 2036 (the “Series XX ZZ Notes,” together with the Series WW YY Notes are collectively, the “Notes”) shall be substantially in the form set out in Exhibits 1-A and 1-B, respectively. Certain capitalized and other terms used in this Agreement are defined in Schedule B; and, for purposes of this Agreement, the rules of construction set forth in Section 22.5 shall govern.