Common use of Optional Renewal Clause in Contracts

Optional Renewal. If so specified on the face hereof, the Holder may renew the term of this Senior Note on an Interest Payment Date specified on the face hereof occurring in or prior to the twelfth month following the Original Issue Date (the "Initial Maturity Date"). On the Interest Payment Date occurring in the sixth month (unless a different interval (the "Special Election Interval") is specified on the face hereof) prior to the Initial Maturity Date (the "Initial Renewal Date") and on the Interest Payment Date occurring in each sixth month (or in the last month of a Special Election Interval) after such Initial Renewal Date (each, together with the Initial Renewal Date, a "Renewal Date"), the term of this Senior Note may be extended to the Interest Payment Date occurring in the twelfth month (or in the last month of a period equal to twice the Special Election Interval) after such Renewal Date, if the Holder elects to extend the term of this Senior Note as provided below. If the Holder does not elect to extend the term of any portion of the principal amount of this Senior Note during the specified period prior to any Renewal Date, such portion will become due and payable on the Interest Payment Date occurring in the sixth month (or in the last month of a Special Election Interval) after such Renewal Date (the "New Maturity Date"). In order for the term of this Senior Note to be renewed prior to a Renewal Date, the Trustee must receive at its Corporate Trust Office, at least 15 days but not more than 30 days prior to a Renewal Date (unless another period is specified on the face hereof as the "Special Election Period"), notice to such effect. Such election will be irrevocable and will be binding upon each subsequent Holder of this Senior Note. The Holder may elect to renew the term of this Senior Note with respect to less than the entire principal amount hereof only if so specified on the face hereof and only in such principal amount, or any integral multiple in excess thereof, as specified on the face hereof. Notwithstanding the foregoing, the term of this Senior Note may not be extended beyond the Stated Maturity specified on the face hereof. If the Holder does not elect to renew the term of this Senior Note, this Senior Note must be presented to the Trustee (or any Paying Agent) simultaneously with notice thereof (or, in the event such notice, together with a guarantee of delivery, is transmitted on behalf of a Holder from a member of a national securities exchange, the National Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States, within five Business Days after the date of such notice). If this Senior Note is in certificated form, as soon as practicable following receipt of this Senior Note, the Trustee (or any Paying Agent) shall issue in exchange therefor in the name of such Holder: (i) a Senior Note, in principal amount equal to the principal amount of such exchanged Senior Note for which the election to renew the term thereof was not exercised, with terms identical to those specified herein (except for the Original Issue Date and the Initial Interest Rate and except that such Senior Note shall have a fixed, nonrenewable Stated Maturity on the New Maturity Date); and (ii) a replacement Senior Note, in a principal amount equal to the principal amount, if any, of such exchanged Senior Note for which the election to renew was made, with terms identical to the exchanged Senior Note.

Optional Renewal. If so specified on the face hereof, the Holder may renew the term of this Senior Subordinated Note on an Interest Payment Date specified on the face hereof occurring in or prior to the twelfth month following the Original Issue Date (the "Initial Maturity Date"). On the Interest Payment Date occurring in the sixth month (unless a different interval (the "Special Election Interval") is specified on the face hereof) prior to the Initial Maturity Date (the "Initial Renewal Date") and on the Interest Payment Date occurring in each sixth month (or in the last month of a Special Election Interval) after such Initial Renewal Date (each, together with the Initial Renewal Date, a "Renewal Date"), the term of this Senior Subordinated Note may be extended to the Interest Payment Date occurring in the twelfth month (or in the last month of a period equal to twice the Special Election Interval) after such Renewal Date, if the Holder elects to extend the term of this Senior Subordinated Note as provided below. If the Holder does not elect to extend the term of any portion of the principal amount of this Senior Subordinated Note during the specified period prior to any Renewal Date, such portion will become due and payable on the Interest Payment Date occurring in the sixth month (or in the last month of a Special Election Interval) after such Renewal Date (the "New Maturity Date"). In order for the term of this Senior Subordinated Note to be renewed prior to a Renewal Date, the Trustee must receive at its Corporate Trust Office, at least 15 days but not more than 30 days prior to a Renewal Date (unless another period is specified on the face hereof as the "Special Election Period"), notice to such effect. Such election will be irrevocable and will be binding upon each subsequent Holder of this Senior Subordinated Note. The Holder may elect to renew the term of this Senior Subordinated Note with respect to less than the entire principal amount hereof only if so specified on the face hereof and only in such principal amount, or any integral multiple in excess thereof, as specified on the face hereof. Notwithstanding the foregoing, the term of this Senior Subordinated Note may not be extended beyond the Stated Maturity specified on the face hereof. If the Holder does not elect to renew the term of this Senior Subordinated Note, this Senior Subordinated Note must be presented to the Trustee (or any Paying Agent) simultaneously with notice thereof (or, in the event such notice, together with a guarantee of delivery, is transmitted on behalf of a Holder from a member of a national securities exchange, the National Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States, within five Business Days after the date of such notice). If this Senior Subordinated Note is in certificated form, as soon as practicable following receipt of this Senior Subordinated Note, the Trustee (or any Paying Agent) shall issue in exchange therefor in the name of such Holder: (i) a Senior Subordinated Note, in principal amount equal to the principal amount of such exchanged Senior Subordinated Note for which the election to renew the term thereof was not exercised, with terms identical to those specified herein (except for the Original Issue Date and the Initial Interest Rate and except that such Senior Subordinated Note shall have a fixed, nonrenewable Stated Maturity on the New Maturity Date); and (ii) a replacement Senior Subordinated Note, in a principal amount equal to the principal amount, if any, of such exchanged Senior Subordinated Note for which the election to renew was made, with terms identical to the exchanged Senior Subordinated Note.

Optional Renewal. If so specified on provided in the face hereofapplicable Note and ---------------- Pricing Supplement, such Note may be renewed by the Holder may renew of the term of this Senior Note on an Interest Payment Date specified on (provided in the face hereof applicable Note) occurring in or prior to the twelfth month following the Original Issue Date (the "Initial Maturity Date"). On ) in accordance with the procedures described below Unless a Special Election Interval is provided in the applicable Note, on the Interest Payment Date occurring in the sixth month (unless a different interval (the "Special Election Interval") is specified on the face hereof) prior to the Initial Maturity Date (as provided in the applicable Note) of a Renewable Note (the "Initial Renewal Date") and on the Interest Payment Date occurring in each sixth month (or in the last month of a each Special Election Interval) after such Initial Renewal Date (each, together with the Initial Renewal Date, a "Renewal Date"), the term of this Senior the Note may be extended to the Interest Payment Date occurring in the twelfth month (or in or, if a Special Election Interval is specified the last month of in a period equal to twice the Special Election Interval) after such Renewal Date, if the Holder of such Note elects to extend the term of this Senior the Note or any portion thereof as provided below. If the Holder of the Note does not elect to extend the term of any portion of the principal amount of this Senior such Note during the specified period prior to any Renewal Date, such portion will become due and payable on the Interest Payment Date occurring in the sixth month (or in the last month of a in the Special Election Interval) after such Renewal Date (the "New Maturity Date"). In order for A Holder of such Note may elect to renew the term of this Senior the Note, or if provided in the applicable Note and Pricing Supplement, any portion constituting an Authorized Denomination thereof, by delivering a notice to be renewed prior such effect to a Renewal Date, the Trustee must receive at its Corporate Trust Office, at least 15 days but Issuing and Paying Agent not less than fifteen (15) nor more than 30 thirty (30) days prior to a such Renewal Date (unless another period is specified on the face hereof as the "a different Special Election Period"Period is provided in the applicable Note), notice to such effect. Such election will be irrevocable and will be binding upon each subsequent Holder of this Senior the Note. The Holder may elect An election to renew the term of this Senior such Note may be exercised with respect to less than the entire principal amount hereof of the Note only if so specified on notice is provided as provided in the face hereof applicable Note and only in such principal amount, or any integral multiple in excess thereof, as specified on the face hereofin such notice. Notwithstanding the foregoing, the term of this Senior such Note may not be extended beyond the Stated Maturity specified on maturity provided in the face hereofapplicable Note. If the Holder of such Note does not elect to renew the term of this Senior the Note, this Senior the Note must be presented to the Trustee Issuing and Paying Agent (or any Paying Agentduly appointed paying agent) simultaneously with notice thereof (orand, in if the event such notice, together with a guarantee of delivery, is transmitted on behalf of a Holder from a member of a national securities exchange, the National Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States, within five Business Days after the date of such notice). If this Senior Note is issued in certificated definitive form, as soon as practicable following receipt of this Senior the Note, the Trustee Issuing and Paying Agent (or any Paying Agentduly appointed paying agent) shall issue in exchange therefor herefor in the name of such Holder: the Holder (i) a Senior Note, in a principal amount equal to the principal amount of such Note for which no election to renew the term thereof was exercised, with terms identical to those specified on the Note (except that such Note shall have a fixed, nonrenewable maturity on the New Maturity Date) and (ii) if an election to renew is made with respect to less than the full principal amount of the Note, a replacement Note, in a principal amount equal to the principal amount of such exchanged Senior Note for which the election to renew the term thereof was not exercised, with terms identical to those specified herein (except for the Original Issue Date and the Initial Interest Rate and except that such Senior Note shall have a fixed, nonrenewable Stated Maturity on the New Maturity Date); and (ii) a replacement Senior Note, in a principal amount equal to the principal amount, if any, of such exchanged Senior Note for which the election to renew was made, with terms identical to the such exchanged Senior Note.

Optional Renewal. If so specified on provided in the face hereofapplicable Note and Pricing Supplement, such Note may be renewed by the Holder may renew of the term of this Senior Note on an Interest Payment Date specified on (provided in the face hereof applicable Note) occurring in or prior to the twelfth month following the Original Issue Date (the "Initial Maturity Date"). On ) in accordance with the procedures described below Unless a Special Election Interval is provided in the applicable Note, on the Interest Payment Date occurring in the sixth month (unless a different interval (the "Special Election Interval") is specified on the face hereof) prior to the Initial Maturity Date (as provided in the applicable Note) of a Renewable Note (the "Initial Renewal Date") and on the Interest Payment Date occurring in each sixth month (or in the last month of a each Special Election Interval) after such Initial Renewal Date (each, together with the Initial Renewal Date, a "Renewal Date"), the term of this Senior the Note may be extended to the Interest Payment Date occurring in the twelfth month (or in or, if a Special Election Interval is specified the last month of in a period equal to twice the Special Election Interval) after such Renewal Date, if the Holder of such Note elects to extend the term of this Senior the Note or any portion thereof as provided below. If the Holder of the Note does not elect to extend the term of any portion of the principal amount of this Senior such Note during the specified period prior to any Renewal Date, such portion will become due and payable on the Interest Payment Date occurring in the sixth month (or in the last month of a in the Special Election Interval) after such Renewal Date (the "New Maturity Date"). In order for the term of this Senior Note to be renewed prior to a Renewal Date, the Trustee must receive at its Corporate Trust Office, at least 15 days but not more than 30 days prior to a Renewal Date (unless another period is specified on the face hereof as the "Special Election Period"), notice to such effect. Such election will be irrevocable and will be binding upon each subsequent Holder of this Senior Note. The Holder may elect to renew the term of this Senior Note with respect to less than the entire principal amount hereof only if so specified on the face hereof and only in such principal amount, or any integral multiple in excess thereof, as specified on the face hereof. Notwithstanding the foregoing, the term of this Senior Note may not be extended beyond the Stated Maturity specified on the face hereof. If the Holder does not elect to renew the term of this Senior Note, this Senior Note must be presented to the Trustee (or any Paying Agent) simultaneously with notice thereof (or, in the event such notice, together with a guarantee of delivery, is transmitted on behalf of a Holder from a member of a national securities exchange, the National Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States, within five Business Days after the date of such notice). If this Senior Note is in certificated form, as soon as practicable following receipt of this Senior Note, the Trustee (or any Paying Agent) shall issue in exchange therefor in the name of such Holder: (i) a Senior Note, in principal amount equal to the principal amount of such exchanged Senior Note for which the election to renew the term thereof was not exercised, with terms identical to those specified herein (except for the Original Issue Date and the Initial Interest Rate and except that such Senior Note shall have a fixed, nonrenewable Stated Maturity on the New Maturity Date); and (ii) a replacement Senior Note, in a principal amount equal to the principal amount, if any, of such exchanged Senior Note for which the election to renew was made, with terms identical to the exchanged Senior Note.

Optional Renewal. If so specified on provided in the face hereofapplicable Note, such Note may be renewed by the Holder may renew of the term of this Senior Note on an Interest Payment Date specified on (provided in the face hereof applicable Note) occurring in or prior to the twelfth month following the Original Issue Date (the "Initial Maturity Date")) in accordance with the procedures described below. On Unless a Special Election Interval is provided in the applicable Note, on the Interest Payment Date occurring in the sixth month (unless a different interval (the "Special Election Interval") is specified on the face hereof) prior to the Initial Maturity Date (as provided in the applicable Note) of a Renewable Note (the "Initial Renewal Date") and on the Interest Payment Date occurring in each sixth month (or in the last month of a each Special Election Interval) after such Initial Renewal Date (each, together with the Initial Renewal Date, a "Renewal Date"), the term of this Senior the Note may be extended to the Interest Payment Date occurring in the twelfth month (or in or, if a Special Election Interval is specified the last month of in a period equal to twice the Special Election Interval) after such Renewal Date, if the Holder of such Note elects to extend the term of this Senior the Note or any portion thereof as provided below. If the Holder of the Note does not elect to extend the term of any portion of the principal amount of this Senior such Note during the specified period prior to any Renewal Date, such portion will become due and payable on the Interest Payment Date occurring in the sixth month (or in the last month of a in the Special Election Interval) after such Renewal Date (the "New Maturity Date"). In order for A Holder of such Note may elect to renew the term of this Senior Note the Note, or if provided in the applicable Note, any portion constituting an Authorized Denomina- tion thereof, by delivering a notice to be renewed prior such effect to a Renewal Date, the Trustee must receive at its Corporate Trust Office, at least 15 days but Issuing and Paying Agent not less than fifteen (15) nor more than 30 thirty (30) days prior to a such Renewal Date (unless another period is specified on the face hereof as the "a different Special Election Period"Period is provided in the applicable Note), notice to such effect. Such election will be irrevocable and will be binding upon each subsequent Holder of this Senior the Note. The Holder may elect An election to renew the term of this Senior such Note may be exercised with respect to less than the entire principal amount hereof of the Note only if so specified on notice is provided as provided in the face hereof applicable Note and only in such principal amount, or any integral multiple in excess thereof, as specified on the face hereofin such notice. Notwithstanding the foregoing, the term of this Senior such Note may not be extended beyond the Stated Maturity specified on maturity provided in the face hereofapplicable Note. If the Holder of such Note does not elect to renew the term of this Senior the Note, this Senior the Note must be presented to the Trustee Issuing and Paying Agent (or any Paying Agentduly appointed paying agent) simultaneously with notice thereof (orand, in if the event such notice, together with a guarantee of delivery, is transmitted on behalf of a Holder from a member of a national securities exchange, the National Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States, within five Business Days after the date of such notice). If this Senior Note is issued in certificated definitive form, as soon as practicable following receipt of this Senior the Note, the Trustee Issuing and Paying Agent (or any Paying Agentduly appointed paying agent) shall issue in exchange therefor herefor in the name of such Holder: the Holder (i) a Senior Note, in a principal amount equal to the principal amount of such Note for which no election to renew the term thereof was exercised, with terms identical to those specified on the Note (except that such Note shall have a fixed, nonrenewable maturity on the New Maturity Date) and (ii) if an election to renew is made with respect to less than the full principal amount of the Note, a replacement Note, in a principal amount equal to the principal amount of such exchanged Senior Note for which the election to renew the term thereof was not exercised, with terms identical to those specified herein (except for the Original Issue Date and the Initial Interest Rate and except that such Senior Note shall have a fixed, nonrenewable Stated Maturity on the New Maturity Date); and (ii) a replacement Senior Note, in a principal amount equal to the principal amount, if any, of such exchanged Senior Note for which the election to renew was made, with terms identical to the such exchanged Senior Note.