Common use of REDEMPTION AT THE OPTION Clause in Contracts

REDEMPTION AT THE OPTION. OF THE COMPANY --------------------------------------- No sinking fund is provided for the Securities. The Securities are redeemable as a whole, or from time to time in part, at any time at the option of the Company at the Redemption Prices set forth below, provided, however, that -------- ------- the Securities are not redeemable prior to April 15, 2002. The table below shows the Redemption Prices of a Security per $1,000 Principal Amount at Stated Maturity on the dates shown below and at Stated Maturity, which prices reflect accrued Original Issue Discount calculated to each such date. The Redemption Price of a Security redeemed between such dates would include an additional amount reflecting the additional Original Issue Discount accrued from and including the next preceding date in the table to, but excluding, the Redemption Date. (1) (2) (3) ACCRUED ORIGINAL LYON ISSUE REDEMPTION ISSUE DISCOUNT PRICE REDEMPTION DATE PRICE AT 4.75% (1) + (2) --------------- ------- --------- --------- April 15, 2002.............. $391.06 $103.46 $ 494.52 April 15, 2003.............. 391.06 127.23 518.29 April 15, 2004.............. 391.06 152.14 543.20 April 15, 2005.............. 391.06 178.25 569.31 April 15, 2006.............. 391.06 205.61 596.67 April 15, 2007.............. 391.06 234.29 625.35 April 15, 2008.............. 391.06 264.34 655.40 April 15, 2009.............. 391.06 295.85 686.91 April 15, 2010.............. 391.06 328.86 719.92 April 15, 2011.............. 391.06 363.46 754.52 April 15, 2012.............. 391.06 399.73 790.79 April 15, 2013.............. 391.06 437.74 828.80 April 15, 2014.............. 391.06 477.57 868.63 April 15, 2015.............. 391.06 519.32 910.38 April 15, 2016.............. 391.06 563.08 954.14 At Maturity................. 391.06 608.94 1,000.00 If converted to a semiannual coupon note following the occurrence of a Tax Event, this Security will be redeemable at the Restated Principal Amount plus interest accrued from the date of such conversion to, but excluding, the Redemption Date; but in no event will this Security be redeemable before April 15, 2002.

REDEMPTION AT THE OPTION. OF THE COMPANY --------------------------------------- No sinking fund is provided for the Securities. The Securities are redeemable as a whole, or from time to time in part, at any time at the option of the Company at the Redemption Prices set forth below, provided, however, that -------- ------- the Securities are not redeemable prior to April 15, 2002. The table below shows the Redemption Prices of a Security per $1,000 Principal Amount at Stated Maturity on the dates shown below and at Stated Maturity, which prices reflect accrued Original Issue Discount calculated to each such date. The Redemption Price of a Security redeemed between such dates would include an additional amount reflecting the additional Original Issue Discount accrued from and including the next preceding date in the table to, but excluding, the Redemption Date. (1) (2) (3) ACCRUED ORIGINAL LYON ISSUE REDEMPTION ISSUE DISCOUNT PRICE REDEMPTION DATE PRICE AT 4.75% (1) + (2) --------------- ------- --------- ------- --------- April 15, 2002.............. .... $391.06 $103.46 $ 494.52 April 15, 2003.............. .... 391.06 127.23 518.29 April 15, 2004.............. .... 391.06 152.14 543.20 April 15, 2005.............. .... 391.06 178.25 569.31 April 15, 2006.............. .... 391.06 205.61 596.67 April 15, 2007.............. .... 391.06 234.29 625.35 April 15, 2008.............. .... 391.06 264.34 655.40 April 15, 2009.............. .... 391.06 295.85 686.91 April 15, 2010.............. .... 391.06 328.86 719.92 April 15, 2011.............. .... 391.06 363.46 754.52 April 15, 2012.............. .... 391.06 399.73 790.79 April 15, 2013.............. .... 391.06 437.74 828.80 April 15, 2014.............. .... 391.06 477.57 868.63 April 15, 2015.............. .... 391.06 519.32 910.38 April 15, 2016.............. .... 391.06 563.08 954.14 At Maturity................. 391.06 608.94 1,000.00 If converted to a semiannual coupon note following the occurrence of a Tax Event, this Security will be redeemable at the Restated Principal Amount plus interest accrued from the date of such conversion to, but excluding, the Redemption Date; but in no event will this Security be redeemable before April 15, 2002........