Common use of Redemption at the Option of Holders Clause in Contracts

Redemption at the Option of Holders. Securities of any Series which are redeemable at the option of the Holders thereof before the stated maturity date or dates of such Securities shall be redeemed in accordance with the terms of the Series of the Securities, as set forth in such Securities or as established by or pursuant to the Board Resolution or supplemental indenture relating to such Series. Sections 3.01 (second and third sentences), 3.02, 3.03 and 3.04 (first sentence) shall not apply to any redemption of a Security to be made at the option of the Holder.