Common use of Optional Redemption by Issuer Clause in Contracts

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 redeemed, in whole, at any time, or in part, from time to time, prior to February 19, 2037 (three months prior to the Stated Maturity of the 2037 Notes (the “2037 Par Call Date”; and the date of any such redemption a “2037 Redemption Date”)), at a redemption price (the “2037 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 2037 Notes being redeemed on the relevant 2037 Redemption Date, and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2037 Notes being redeemed that would be due if such 2037 Notes matured on the 2037 Par Call Date (in each case not including the amount, if any, of accrued and unpaid interest to, but excluding, the 2037 Redemption Date) discounted to the 2037 Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) using a discount rate equal to the Comparable Government Bond Rate plus 20 basis points, plus, in each of the cases of clauses (c)(i) and (c)(ii) above, accrued and unpaid interest on the 2037 Notes being redeemed to, but excluding, such 2037 Redemption Date. (d) At the Issuer’s option, the 2045 Notes may be redeemed, in whole, at any time, or in part, from time to time, prior to November 19, 2044 (six months prior to the Stated Maturity of the 2045 Notes (the “2045 Par Call Date” and, together with the 2029 Par Call Date, the 2032 Par Call Date and the 2037 Par Call Date, each a “Par Call Date”; and the date of any such redemption a “2045 Redemption Date” and, together with the 2029 Redemption Date, the 2032 Redemption Date and the 2037 Redemption Date, each a “Redemption Date”)), at a redemption price (the “2045 Redemption Price” and, together with the 2029 Redemption Price, the 2032 Redemption Price and the 2037 Redemption Price, each a “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 2045 Notes being redeemed on the relevant 2045 Redemption Date, and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2045 Notes being redeemed that would be due if such 2045 Notes matured on the 2045 Par Call Date (in each case not including the amount, if any, of accrued and unpaid interest to, but excluding, the redemption date) discounted to the 2045 Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) using a discount rate equal to the Comparable Government Bond Rate plus 20 basis points, plus, in each of the cases of clauses (d)(i) and (d)(ii) above, accrued and unpaid interest on the 2045 Notes being redeemed to, but excluding, such 2045 Redemption Date. (e) Notice of any redemption of the Notes of any series shall be given in the manner and otherwise in accordance with the provisions of Section 4.03

Optional Redemption by Issuer. (a) At the Issuer’s option, the 2029 2027 Notes may be redeemed, in whole, at any time, whole or in part, at any time and from time to time, prior to April 19June 26, 2029 2027 (one month prior to the Stated Maturity of the 2029 2027 Notes (the “2029 2027 Par Call Date”; and the date of any such redemption a “2029 2027 Redemption Date”)), at a redemption price (the “2029 2027 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 (iix) the sum of the present values of the remaining scheduled payments of principal and interest on the 2029 2027 Notes being redeemed that would be due if such 2029 discounted to the 2027 Redemption Date (assuming the 2027 Notes being redeemed matured on the 2029 2027 Par Call Date Date) on a semi-annual basis (in each case not including assuming a 360-day year consisting of twelve 30-day months) at the amount, if any, of Treasury Rate plus 10 basis points less (y) interest accrued and unpaid interest to, but excluding, the 2029 2027 Redemption Date, and (ii) discounted to 100% of the 2029 principal amount of the 2027 Notes being redeemed on the relevant 2027 Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) using a discount rate equal to the Comparable Government Bond Rate plus 15 basis pointsDate, plus, in each of the cases of clauses (a)(i) and (a)(ii) above, accrued and unpaid interest on the 2029 2027 Notes being redeemed to, but excluding, such 2029 2027 Redemption Date. (b) At the Issuer’s option, the 2032 2035 Notes may be redeemed, in whole, at any time, whole or in part, at any time and from time to time, prior to February 19October 8, 2032 2034 (three months prior to the Stated Maturity of the 2032 2035 Notes (the “2032 2035 Par Call Date”; and the date of any such redemption a “2032 2035 Redemption Date”)), at a redemption price (the “2032 2035 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 (iix) the sum of the present values of the remaining scheduled payments of principal and interest on the 2032 2035 Notes being redeemed that would be due if such 2032 discounted to the 2035 Redemption Date (assuming the 2035 Notes being redeemed matured on the 2032 2035 Par Call Date Date) on a semi-annual basis (in each case not including assuming a 360-day year consisting of twelve 30-day months) at the amount, if any, of Treasury Rate plus 12.5 basis points less (y) interest accrued and unpaid interest to, but excluding, the 2032 2035 Redemption Date, and (ii) discounted to 100% of the 2032 principal amount of the 2035 Notes being redeemed on the relevant 2035 Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) using a discount rate equal to the Comparable Government Bond Rate plus 15 basis pointsDate, plus, in each of the cases of clauses (b)(i) and (b)(ii) above, accrued and unpaid interest on the 2032 2035 Notes being redeemed to, but excluding, such 2032 2035 Redemption Date. (c) At the Issuer’s option, the 2037 2055 Notes may be redeemed, in whole, at any time, whole or in part, at any time and from time to time, prior to February 19July 8, 2037 (three months prior to the Stated Maturity of the 2037 Notes (the “2037 Par Call Date”; and the date of any such redemption a “2037 Redemption Date”)), at a redemption price (the “2037 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 2037 Notes being redeemed on the relevant 2037 Redemption Date, and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2037 Notes being redeemed that would be due if such 2037 Notes matured on the 2037 Par Call Date (in each case not including the amount, if any, of accrued and unpaid interest to, but excluding, the 2037 Redemption Date) discounted to the 2037 Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) using a discount rate equal to the Comparable Government Bond Rate plus 20 basis points, plus, in each of the cases of clauses (c)(i) and (c)(ii) above, accrued and unpaid interest on the 2037 Notes being redeemed to, but excluding, such 2037 Redemption Date. (d) At the Issuer’s option, the 2045 Notes may be redeemed, in whole, at any time, or in part, from time to time, prior to November 19, 2044 2054 (six months prior to the Stated Maturity of the 2045 2055 Notes (the “2045 2055 Par Call Date” and, together with the 2029 Par Call Date, the 2032 2027 Par Call Date and the 2037 2035 Par Call Date, each a “Par Call Date”; and the date of any such redemption a “2045 2055 Redemption Date” and, together with the 2029 Redemption Date, the 2032 2027 Redemption Date and the 2037 2035 Redemption Date, each a “Redemption Date”)), at a redemption price (the “2045 Redemption Price” and, together with the 2029 Redemption Price, the 2032 2027 Redemption Price and the 2037 2035 Redemption Price, each a “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 2045 Notes being redeemed on the relevant 2045 Redemption Date, and (iix) the sum of the present values of the remaining scheduled payments of principal and interest on the 2045 2055 Notes being redeemed that would be due if such 2045 discounted to the 2055 Redemption Date (assuming the 2055 Notes being redeemed matured on the 2045 2055 Par Call Date Date) on a semi-annual basis (in each case not including assuming a 360-day year consisting of twelve 30-day months) at the amount, if any, of Treasury Rate plus 15 basis points less (y) interest accrued and unpaid interest to, but excluding, the redemption date2055 Redemption Date, and (ii) discounted to 100% of the 2045 principal amount of the 2055 Notes being redeemed on the relevant 2055 Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) using a discount rate equal to the Comparable Government Bond Rate plus 20 basis pointsDate, plus, in each of the cases of clauses (d)(ic)(i) and (d)(iic)(ii) above, accrued and unpaid interest on the 2045 2055 Notes being redeemed to, but excluding, such 2045 2055 Redemption Date. (ed) Notice of any redemption of The following defined terms used in this Article V shall, unless the Notes of any series shall be given in context otherwise requires, have the manner and otherwise in accordance with the provisions of Section 4.03meanings specified below.

Optional Redemption by Issuer. (a) At the Issuer’s option, the 2029 Notes may be redeemed, in whole, at any time, whole or in part, at any time and from time to time, prior to April 19February 14, 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 (iix) 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 discounted to the 2029 Redemption Date (assuming the 2029 Notes being redeemed matured on the 2029 Par Call Date Date) on a semi-annual basis (in each case not including assuming a 360-day year consisting of twelve 30-day months) at the amount, if any, of Treasury Rate plus 10 basis points less (y) interest accrued and unpaid interest to, but excluding, the 2029 Redemption Date, and (ii) discounted to 100% of the principal amount of the 2029 Notes being redeemed on the relevant 2029 Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) using a discount rate equal to the Comparable Government Bond Rate plus 15 basis pointsDate, 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 2034 Notes may be redeemed, in whole, at any time, whole or in part, at any time and from time to time, prior to February 19December 14, 2032 2033 (three months prior to the Stated Maturity of the 2032 2034 Notes (the “2032 2034 Par Call Date”; and the date of any such redemption a “2032 2034 Redemption Date”)), at a redemption price (the “2032 2034 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 (iix) the sum of the present values of the remaining scheduled payments of principal and interest on the 2032 2034 Notes being redeemed that would be due if such 2032 discounted to the 2034 Redemption Date (assuming the 2034 Notes being redeemed matured on the 2032 2034 Par Call Date Date) on a semi-annual basis (in each case not including assuming a 360-day year consisting of twelve 30-day months) at the amount, if any, of Treasury Rate plus 15 basis points less (y) interest accrued and unpaid interest to, but excluding, the 2032 2034 Redemption Date, and (ii) discounted to 100% of the 2032 principal amount of the 2034 Notes being redeemed on the relevant 2034 Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) using a discount rate equal to the Comparable Government Bond Rate plus 15 basis pointsDate, plus, in each of the cases of clauses (b)(i) and (b)(ii) above, accrued and unpaid interest on the 2032 2034 Notes being redeemed to, but excluding, such 2032 2034 Redemption Date. (c) At the Issuer’s option, the 2037 2054 Notes may be redeemed, in whole, at any time, whole or in part, at any time and from time to time, prior to February 19September 14, 2037 (three months prior to the Stated Maturity of the 2037 Notes (the “2037 Par Call Date”; and the date of any such redemption a “2037 Redemption Date”)), at a redemption price (the “2037 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 2037 Notes being redeemed on the relevant 2037 Redemption Date, and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2037 Notes being redeemed that would be due if such 2037 Notes matured on the 2037 Par Call Date (in each case not including the amount, if any, of accrued and unpaid interest to, but excluding, the 2037 Redemption Date) discounted to the 2037 Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) using a discount rate equal to the Comparable Government Bond Rate plus 20 basis points, plus, in each of the cases of clauses (c)(i) and (c)(ii) above, accrued and unpaid interest on the 2037 Notes being redeemed to, but excluding, such 2037 Redemption Date. (d) At the Issuer’s option, the 2045 Notes may be redeemed, in whole, at any time, or in part, from time to time, prior to November 19, 2044 2053 (six months prior to the Stated Maturity of the 2045 2054 Notes (the “2045 2054 Par Call Date” and, together with the 2029 Par Call Date, the 2032 Par Call Date and the 2037 2034 Par Call Date, each a “Par Call Date”; and the date of any such redemption a “2045 2054 Redemption Date” and, together with the 2029 Redemption Date, the 2032 Redemption Date and the 2037 2034 Redemption Date, each a “Redemption Date”)), at a redemption price (the “2045 2054 Redemption Price” and, together with the 2029 Redemption Price, the 2032 Redemption Price and the 2037 2034 Redemption Price, each a “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 2045 Notes being redeemed on the relevant 2045 Redemption Date, and (iix) the sum of the present values of the remaining scheduled payments of principal and interest on the 2045 2054 Notes being redeemed that would be due if such 2045 discounted to the 2054 Redemption Date (assuming the 2054 Notes being redeemed matured on the 2045 2054 Par Call Date Date) on a semi-annual basis (in each case not including assuming a 360-day year consisting of twelve 30-day months) at the amount, if any, of Treasury Rate plus 20 basis points less (y) interest accrued and unpaid interest to, but excluding, the redemption date2054 Redemption Date, and (ii) discounted to 100% of the 2045 principal amount of the 2054 Notes being redeemed on the relevant 2054 Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) using a discount rate equal to the Comparable Government Bond Rate plus 20 basis pointsDate, plus, in each of the cases of clauses (d)(ic)(i) and (d)(iic)(ii) above, accrued and unpaid interest on the 2045 2054 Notes being redeemed to, but excluding, such 2045 2054 Redemption Date. (ed) Notice of any redemption of The following defined terms used in this Article V shall, unless the Notes of any series shall be given in context otherwise requires, have the manner and otherwise in accordance with the provisions of Section 4.03meanings specified below.

Optional Redemption by Issuer. (a) At the Issuer’s option, the 2029 Notes may be redeemed, in whole, at any time, whole or in part, at any time and from time to time, prior to April 19January 15, 2029 (one month prior to the Stated Maturity 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 (iix) 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 discounted to the 2029 Redemption Date (assuming the 2029 Notes being redeemed matured on the 2029 Par Call Date Date) on a semi-annual basis (in each case not including assuming a 360-day year consisting of twelve 30-day months) at the amount, if any, of Treasury Rate plus 15 basis points less (y) interest accrued and unpaid interest to, but excluding, the 2029 Redemption Date, and (ii) discounted to 100% of the principal amount of the 2029 Notes being redeemed on the relevant 2029 Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) using a discount rate equal to the Comparable Government Bond Rate plus 15 basis pointsDate, 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 2034 Notes may be redeemed, in whole, at any time, whole 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 redeemed, in whole, at any time, or in part, from time to time, prior to February 19, 2037 (three months prior to the Stated Maturity of the 2037 Notes (the “2037 Par Call Date”; and the date of any such redemption a “2037 Redemption Date”)), at a redemption price (the “2037 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 2037 Notes being redeemed on the relevant 2037 Redemption Date, and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2037 Notes being redeemed that would be due if such 2037 Notes matured on the 2037 Par Call Date (in each case not including the amount, if any, of accrued and unpaid interest to, but excluding, the 2037 Redemption Date) discounted to the 2037 Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) using a discount rate equal to the Comparable Government Bond Rate plus 20 basis points, plus, in each of the cases of clauses (c)(i) and (c)(ii) above, accrued and unpaid interest on the 2037 Notes being redeemed to, but excluding, such 2037 Redemption Date. (d) At the Issuer’s option, the 2045 Notes may be redeemed, in whole, at any time, or in part, from time to time, prior to November 1915, 2044 2033 (six three months prior to the Stated Maturity stated maturity of the 2045 2034 Notes (the “2045 2034 Par Call Date” and, together with the 2029 Par Call Date, the 2032 Par Call Date and the 2037 Par Call Date, each a “Par Call Date”; and the date of any such redemption a “2045 2034 Redemption Date” and, together with the 2029 Redemption Date, the 2032 Redemption Date and the 2037 Redemption Date, each a “Redemption Date”)), at a redemption price (the “2045 2034 Redemption Price” and, together with the 2029 Redemption Price, the 2032 Redemption Price and the 2037 Redemption Price, each a “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 2045 Notes being redeemed on the relevant 2045 Redemption Date, and (iix) the sum of the present values of the remaining scheduled payments of principal and interest on the 2045 2034 Notes being redeemed that would be due if such 2045 discounted to the 2034 Redemption Date (assuming the 2034 Notes being redeemed matured on the 2045 2034 Par Call Date Date) on a semi-annual basis (in each case not including assuming a 360-day year consisting of twelve 30-day months) at the amount, if any, of Treasury Rate plus 20 basis points less (y) interest accrued and unpaid interest to, but excluding, the redemption date2034 Redemption Date, and (ii) discounted to 100% of the 2045 principal amount of the 2034 Notes being redeemed on the relevant 2034 Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) using a discount rate equal to the Comparable Government Bond Rate plus 20 basis pointsDate, plus, in each of the cases of clauses (d)(ib)(i) and (d)(iib)(ii) above, accrued and unpaid interest on the 2045 2034 Notes being redeemed to, but excluding, such 2045 2034 Redemption Date. (ec) Notice of any redemption of The following defined terms used in this Article IV shall, unless the Notes of any series shall be given in context otherwise requires, have the manner and otherwise in accordance with the provisions of Section 4.03meanings specified below.