Optional Redemption by Issuer Clause Samples

Optional Redemption by Issuer. The Issuer may, at its option, redeem the Transition Bonds of a Series, in whole or from time to time in part, as permitted by the related Series Supplement on any Redemption Date at a price specified in such Series Supplement (such price being called the "Redemption Price") plus interest accrued on the Transition Bonds to be redeemed to such Redemption Date. If the Issuer shall elect to redeem the Transition Bonds of a Series pursuant to this Section 10.01, it shall furnish notice of such election to the Bond Trustee not later than 25 days prior to the Redemption Date for such redemption and shall deposit with the Bond Trustee the Redemption Price of the Transition Bonds to be redeemed plus interest accrued thereon to such Redemption Date on or prior to such Redemption Date whereupon all such Transition Bonds shall be due and payable on such Redemption Date upon the furnishing of a notice complying with Section 10.03 hereof to each Holder of the Transition Bonds of such Series pursuant to this Section 10.01.

Optional Redemption by Issuer. If so provided in the related Series Supplement and provided that there is no Interest Rate Swap Agreement with respect to any Class of that Series in effect, the Issuer may, at its option, redeem all, but not less than all, of the Securitization Bonds of a Series on any Payment Date if, after giving effect to payments that would otherwise be made on such Payment Date, the Outstanding Amount of any such Series of Securitization Bonds has been reduced to less than five percent (5%) of the initial principal balance of such Series. The redemption price in any case shall be equal to the Outstanding Amount of the Series to be redeemed plus accrued and unpaid interest thereon at the Interest Rate to the Redemption Date (the "Redemption Price," for purposes of this Section 10.01). If the Issuer elects to redeem the Securitization Bonds of a Series pursuant to this Section 10.01, it shall furnish notice of such election to (a) the Trustee, not later than twenty-five (25) days prior to the Redemption Date for such redemption and (b) the Rating Agencies, not later than ten (10) days prior to such Redemption Date, whereupon all such Securitization Bonds shall be due and payable on such Redemption Date upon the furnishing of a notice complying with Section 10.03 to each Holder of the Securitization Bonds of such Series pursuant to this Section 10.01.

Optional Redemption by Issuer. 63 SECTION 10.02 Mandatory Redemption by Issuer..............................64 SECTION 10.03

Optional Redemption by Issuer. 89 SECTION 10.02. Form of Optional Redemption or Special Redemption Notice........................................90 SECTION 10.03. Bonds Payable on Redemption Date or Special Redemption Date..........................................91 SECTION 10.04. Special Redemptions......................................91 ARTICLE XI

Optional Redemption by Issuer. (a) Subject to the provisions of Section 3.2(b) and to the provisions of Article XI of the Indenture, the Issuer shall have the right to redeem the Debentures, in whole or in part, from time to time, on or after December 16, 2007, at a redemption price equal to 100% of the principal amount to be redeemed plus any accrued and unpaid interest thereon to the date of such redemption (the “Optional Redemption Price”). Any redemption pursuant to this paragraph will be made upon not less than 30 days’ nor more than 60 days’ notice to the Holder of the Debentures, at the Optional Redemption Price. If the Debentures are only partially redeemed pursuant to this Section 3.2, the Debentures will be redeemed on a pro rata basis provided that if at the time of redemption the Debentures are registered as a Global Debenture, the Depositary shall determine, in accordance with its procedures, the principal amount of such Debentures held by each Holder of Debentures to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, local time, on the date of such redemption or at such earlier time as the Issuer determines and the Issuer shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., local time, on the date such Optional Redemption Price is to be paid. (b) If a partial redemption of the Debentures would result in the delisting of the Preferred Securities from any national securities exchange or other organization on which the Preferred Securities are then listed, the Issuer shall not be permitted to effect such partial redemption and may only redeem the Debentures in whole.

Optional Redemption by Issuer. The Securities of this series are subject to redemption upon not less than 30 days' notice by first class mail, at any time, as a whole or in part, at the election of the Issuer, without premium, together with accrued interest to the Redemption Date, but any interest installment, which is due and payable on or prior to such Redemption Date, will be payable to the Holders of such Securities, or one or more Predecessor Securities, of record at the close of business on the relevant Record Dates, all as provided in the Indenture. Each partial redemption payment shall be made ratably on all the Outstanding Securities of such series called for redemption.

Optional Redemption by Issuer. This Daily Note is subject to redemption upon not less than 30 days' notice by first class mail, at any time, as a whole or in part, at the election of the Issuer, without premium, together with accrued interest to the Redemption Date. Each partial redemption payment shall be made as provided in the Indenture on the Outstanding Securities of this series of the Securities called for redemption.

Optional Redemption by Issuer. This Term Note is subject to redemption upon not less than 30 days' notice by first class mail, at any time, as a whole or in part, at the election of the Issuer, without premium, together with accrued interest to the date fixed for redemption in such notice (the "Redemption Date"), but any interest installment, which is due and payable on or prior to such Redemption Date, will be payable to the Holder at the close of business on the relevant interest payment date. Each partial redemption payment shall be made as provided in the Indenture on the Outstanding Securities of this series of the Securities called for redemption. In the event of redemption of this Term Note in part only, a new Term Note or Term Notes for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.

Optional Redemption by Issuer. (a) At the Issuer’s option, the 2029 Notes may be redeemed, in whole, at any time, or in part, from time to time, prior to April 19, 2029 (one month prior to the Stated Maturity of the 2029 Notes (the “2029 Par Call Date”; and the date of any such redemption a “2029 Redemption Date”)), at a redemption price (the “2029 Redemption Price”) (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (i) 100% of the principal amount of the 2029 Notes being redeemed on the relevant 2029 Redemption Date, and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2029 Notes being redeemed that would be due if such 2029 Notes matured on the 2029 Par Call Date (in each case not including the amount, if any, of accrued and unpaid interest to, but excluding, the 2029 Redemption Date) discounted to the 2029 Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) using a discount rate equal to the Comparable Government Bond Rate plus 15 basis points, plus, in each of the cases of clauses (a)(i) and (a)(ii) above, accrued and unpaid interest on the 2029 Notes being redeemed to, but excluding, such 2029 Redemption Date. (b) At the Issuer’s option, the 2032 Notes may be redeemed, in whole, at any time, or in part, from time to time, prior to February 19, 2032 (three months prior to the Stated Maturity of the 2032 Notes (the “2032 Par Call Date”; and the date of any such redemption a “2032 Redemption Date”)), at a redemption price (the “2032 Redemption Price”) (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (i) 100% of the principal amount of the 2032 Notes being redeemed on the relevant 2032 Redemption Date, and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2032 Notes being redeemed that would be due if such 2032 Notes matured on the 2032 Par Call Date (in each case not including the amount, if any, of accrued and unpaid interest to, but excluding, the 2032 Redemption Date) discounted to the 2032 Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) using a discount rate equal to the Comparable Government Bond Rate plus 15 basis points, plus, in each of the cases of clauses (b)(i) and (b)(ii) above, accrued and unpaid interest on the 2032 Notes being redeemed to, but excluding, such 2032 Redemption Date. (c) At the Issuer’s option, the 2037 Notes may be ...