Common use of Redemption of the Notes Clause in Contracts

Redemption of the Notes. SECTION 401 2000 Notes, 2001 Notes, 2002 Notes and 2007 Notes Not Redeemable. The 2000 Notes, 2001 Notes, 2002 Notes and 2007 Notes are not redeemable prior to maturity. SECTION 402 Redemption of 2017 Notes, 2027 Notes, 2037 Notes and 2097 Notes at the Option of the Corporation. (a) The 2017 Notes, the 2027 Notes and the 2097 Notes, at any time from their date of issuance, and the 2037 Notes, at any time on or after May 2, 2004, are redeemable, in whole or in part, at the option of the Corporation, upon not less than (i) 45 days notice to the Trustee (unless a shorter time shall be acceptable to the Trustee for its convenience) and (ii) 30 nor more than 60 days prior written notice at a redemption price as evidenced by an Officer's Certificate of the Corporation equal to the greater of (i) 100% of their principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted, on a semi-annual basis, at the Treasury Yield plus 20 basis points, together with the accrued interest to the date of redemption; provided, however, that interest installments due on an Interest Payment Date which is on or prior to the date of redemption will be payable to those Holders who are Holders of record of such Notes (or one or more predecessor Notes) as of the close of business on the regular record date preceding such Interest Payment Date.

Redemption of the Notes. SECTION Section 401 2000 Notes, 2001 Notes, 2002 Notes and 2007 Notes Not Redeemable. The 2000 Notes, 2001 Notes, 2002 Notes and 2007 Notes are not redeemable prior to maturity. SECTION 402 Redemption of 2017 Notes, 2027 Notes, 2037 Notes and 2097 the Notes at the Option of the Corporation.. -------------------------------------------------------- (a) The 2017 Notes, the 2027 Notes and the 2097 Notes, at any time from their date of issuance, and the 2037 Notes, at any time on or after May 2, 2004, are redeemable, in whole or in part, at the option of the Corporation, upon not less than (i) 45 days notice to the Trustee (unless a shorter time shall be acceptable to the Trustee for its convenience) and (ii) 30 nor more than 60 days prior written notice at a redemption price as evidenced by an Officer's Certificate of the Corporation equal to the greater of (i) 100% of their principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted, on a semi-annual basis, at the Treasury Yield plus 20 basis points, together with the accrued interest to the date of redemption; provided, however, that interest installments due on an Interest Payment Date which is on or prior to the date of redemption will be payable to those Holders who are Holders of record of such the Notes (or one or more predecessor Notes) as of the close of business on the regular record date preceding such Interest Payment Date. (b) If the Notes are only partially redeemed pursuant to this Section 401, such Notes will be redeemed pro rata or by lot or by any other method utilized by the Security Registrar; provided, that if at the time of redemption, the Notes are registered as a Global Note, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes beneficially held by each Holder of Notes to be redeemed.

Redemption of the Notes. SECTION 401 2000 Except as provided in this Article IV and in the Notes, 2001 Notes, 2002 Notes and 2007 Notes Not Redeemable. The 2000 Notes, 2001 Notes, 2002 Notes and 2007 the Notes are not redeemable prior subject to maturityredemption by the Company. SECTION 402 Redemption of 2017 NotesOn or after September 15, 2027 Notes, 2037 Notes and 2097 Notes at the Option of the Corporation. (a) The 2017 Notes2002, the 2027 Notes and the 2097 Notesmay, at any from time from their date of issuanceto time, and the 2037 Notes, at any time on or after May 2, 2004, are redeemablebe redeemed, in whole or in part, at the option of the Corporation, Company upon not less than (i) 45 days notice to the Trustee (unless a shorter time shall be acceptable to the Trustee for its convenience) and (ii) 30 nor more than 60 days days' prior written notice to Holders, at the redemption prices set forth below (expressed in percentages of the principal amount thereof), plus accrued and unpaid interest thereon, to the Redemption Date. Redemption Period Percentage ---------------------------------------- ---------- September 15, 2002 to September 14, 2003 104.50% September 15, 2003 to September 14, 2004 103.00% September 15, 2004 to September 14, 2005 101.50% September 15, 2005 and thereafter 100.00% At any time prior to September 15, 2000 the Company, at its option, may redeem up to 33 1/3% of the aggregate principal amount of Initial Notes originally issued and may redeem up to 33 1/3% of the aggregate principal amount of Exchange Notes originally issued with the net proceeds of one or more Equity Offerings of the Company at a redemption price as evidenced by an Officer's Certificate equal to 109.00% of the Corporation equal to the greater of (i) 100% of their principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal thereof, plus accrued and interest unpaid interest, if any, thereon discounted, on a semi-annual basis, at the Treasury Yield plus 20 basis points, together with the accrued interest to the date of redemption; redemption provided, however, that interest installments due on an Interest Payment Date which is after any such redemption at least 66 2/3% of the aggregate principal amount of the original issue of Initial or Exchange Notes, respectively, remains outstanding. Any such redemption must occur on or prior to 120 days after the date receipt of such net proceeds. In addition, upon the occurrence of a Change of Control prior to September 15, 2002, the Company, at its option, may redeem all, but not less than all, of the outstanding Notes at a redemption price equal to 100% of the principal amount thereof plus the applicable Make-Whole Premium. The Company shall give not less than 30 nor more than 60 days' prior notice to Holders of such redemption within 30 days following the applicable Change of Control. If less than all of the Notes are to be redeemed, the selection of the Notes to be redeemed shall be made by the Trustee in accordance with Section 403. Notice of redemption will be payable mailed to those Holders who are Holders of record the Holders, by first-class mail, at the addresses of such Notes (or one or more predecessor Notes) Holders as of the close of business they appear on the regular record date preceding such Interest Payment DateNote Register.

Redemption of the Notes. SECTION Section 401 2000 Notes, 2001 Notes, 2002 Notes and 2007 Notes Not Redeemable. The 2000 Notes, 2001 Notes, 2002 Notes and 2007 Notes are not redeemable prior to maturity. SECTION 402 Redemption of 2017 Notes, 2027 Notes, 2037 Notes and 2097 the 2011 Notes at the Option of the Corporation. (a) The 2017 Notes, the 2027 2011 Notes and the 2097 Notes, at any time from their date of issuance, and the 2037 Notes, at any time on or after May 2, 2004, are redeemable, in whole or in part, at the option of the Corporation, upon not less than (i) 45 days notice to the Trustee (unless a shorter time shall be acceptable to the Trustee for its convenience) and (ii) 30 nor more than 60 days prior written notice at a redemption price as evidenced by an Officer's Certificate of the Corporation equal to the greater of (i) 100% of their principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted, on a semi-annual basis, at the Treasury Yield plus 20 basis points, together with the accrued interest to the date of redemption; provided, however, that interest installments due on an Interest Payment Date which is on or prior to the date of redemption will be payable to those Holders who are Holders of record of such 2011 Notes (or one or more predecessor 2011 Notes) as of the close of business on the regular record date preceding such Interest Payment Date. (b) If the 2011 Notes are only partially redeemed pursuant to this Section 401, such 2011 Notes will be redeemed pro rata or by lot or by any other method utilized by the Security Registrar; provided, that if at the time of redemption, the 2011 Notes are registered as a Global Note, the Depositary shall determine, in accordance with its procedures, the principal amount of such 2011 Notes beneficially held by each Holder of 2011 Notes to be redeemed. Section 402 Redemption of the 2031 Notes at the Option of the Corporation. (a) The 2031 Notes at any time from their date of issuance, are redeemable, in whole or in part, at the option of the Corporation, upon not less than (i) 45 days notice to the Trustee (unless a shorter time shall be acceptable to the Trustee for its convenience) and (ii) 30 nor more than 60 days prior written notice at a redemption price as evidenced by an Officer's Certificate of the Corporation equal to the greater of (i) 100% of their principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted, on a semi-annual basis, at the Treasury Yield plus 25 basis points, together with the accrued interest to the date of redemption; provided, however, that interest installments due on an Interest Payment Date which is on or prior to the date of redemption will be payable to those Holders who are Holders of record of such 2031 Notes (or one or more predecessor 2031 Notes) as of the close of business on the regular record date preceding such Interest Payment Date. (b) If the 2031 Notes are only partially redeemed pursuant to this Section 402, such 2031 Notes will be redeemed pro rata or by lot or by any other method utilized by the Security Registrar; provided, that if at the time of redemption, the 2031 Notes are registered as a Global Note, the Depositary shall determine, in accordance with its procedures, the principal amount of such 2031 Notes beneficially held by each Holder of 2031 Notes to be redeemed.

Redemption of the Notes. SECTION Section 401 2000 Notes, 2001 Notes, 2002 Notes and 2007 Notes Not Redeemable. The 2000 Notes, 2001 Notes, 2002 Notes and 2007 Notes are not redeemable prior to maturity. SECTION 402 Redemption of 2017 Notes, 2027 Notes, 2037 Notes and 2097 the Notes at the Option of the Corporation. (a) The 2017 Notes, the 2027 Notes and the 2097 Notes, at any time from their date of issuance, and the 2037 Notes, at any time on or after May 2, 2004, are redeemable, in whole or in part, at the option of the Corporation, upon not less than (i) 45 days notice to the Trustee (unless a shorter time shall be acceptable to the Trustee for its convenience) and (ii) 30 nor more than 60 days prior written notice at a redemption price Redemption Price as evidenced by an Officer's Certificate of the Corporation equal to the greater of (i) 100% of their principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounteddiscounted to the Redemption Date, on a semi-annual basisbasis (assuming a 360-day year consisting of twelve 30-day months), at the applicable Treasury Yield plus 20 basis points, together with the accrued interest to the date of redemptionRedemption Date; provided, however, that interest installments due on an Interest Payment Date which is on or prior to the date of redemption Redemption Date will be payable to those Holders who are Holders of record of such the Notes (or one or more predecessor Notes) as of the close of business on the regular record date preceding such Interest Payment Date. (b) If the Notes are only partially redeemed pursuant to this Section 401, such Notes will be redeemed pro rata or by lot or by any other method utilized by the Security Registrar; provided, that if at the time of redemption, the Notes are registered as a Global Note, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes beneficially held by each Holder of Notes to be redeemed.

Redemption of the Notes. SECTION Section 401 2000 Notes, 2001 Notes, 2002 Notes and 2007 Notes Not Redeemable. The 2000 Notes, 2001 Notes, 2002 Notes and 2007 Notes are not redeemable prior to maturity. SECTION 402 Redemption of 2017 Notes, 2027 Notes, 2037 Notes and 2097 the Notes at the Option of the -------------------------------------------- Corporation.. ----------- (a) The 2017 Notes, the 2027 Notes and the 2097 Notes, at any time from their date of issuance, and the 2037 Notes, at any time on or after May 2, 2004, are redeemable, in whole or in part, at the option of the Corporation, upon not less than (i) 45 days notice to the Trustee (unless a shorter time shall be acceptable to the Trustee for its convenience) and (ii) 30 nor more than 60 days prior written notice at a redemption price Redemption Price as evidenced by an Officer's Certificate of the Corporation equal to the greater of (i) 100% of their principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounteddiscounted to the Redemption Date, on a semi-annual basisbasis (assuming a 360-day year consisting of twelve 30-day months), at the applicable Treasury Yield plus 20 basis points, together with the accrued interest to the date of redemptionRedemption Date; provided, however, that interest installments due on an Interest Payment Date which is on or prior to the date of redemption Redemption Date will be payable to those Holders who are Holders of record of such the Notes (or one or more predecessor Notes) as of the close of business on the regular record date preceding such Interest Payment Date. (b) If the Notes are only partially redeemed pursuant to this Section 401, such Notes will be redeemed pro rata or by lot or by any other method utilized by the Security Registrar; provided, that if at the time of redemption, the Notes are registered as a Global Note, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes beneficially held by each Holder of Notes to be redeemed.

Redemption of the Notes. SECTION 401 2000 Notes, 2001 Notes, 2002 Notes and 2007 Notes Not Redeemable. The 2000 Notes, 2001 Notes, 2002 Notes and 2007 Notes are not redeemable prior to maturity. SECTION 402 Redemption of 2017 Notes, 2027 Notes, 2037 Notes and 2097 the Notes at the Option of the Corporation. (a) The 2017 Notes, the 2027 Notes and the 2097 Notes, at any time from their date of issuance, and the 2037 Notes, at any time on or after May 2, 2004, are redeemable, in whole or in part, at the option of the Corporation, upon not less than (i) 45 days notice to the Trustee (unless a shorter time shall be acceptable to the Trustee for its convenience) and (ii) 30 nor more than 60 days prior written notice at a redemption price as evidenced by an Officer's Certificate of the Corporation equal to the greater of (i) 100% of their principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted, on a semi-annual basis, at the Treasury Yield plus 20 basis points, together with the accrued interest to the date of redemption; provided, however, that interest installments due on an Interest Payment Date which is on or prior to the date of redemption will be payable to those Holders who are Holders of record of such Notes (or one or more predecessor Notes) as of the close of business on the regular record date preceding such Interest Payment Date. (b) If the Notes are only partially redeemed pursuant to this Section 401, such Notes will be redeemed pro rata or by lot or by any other method utilized by the Security Registrar; provided, that if at the time of redemption the Notes are registered as a Global Note, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes beneficially held by each Holder of Notes to be redeemed.

Redemption of the Notes. SECTION Section 401 2000 Notes, 2001 Notes, 2002 Notes and 2007 Notes Not Redeemable. The 2000 Notes, 2001 Notes, 2002 Notes and 2007 Notes are not redeemable prior to maturity. SECTION 402 Redemption of 2017 Notes, 2027 Notes, 2037 Notes and 2097 the 2010 Notes at the Option of the Corporation. (a) The 2017 Notes, the 2027 2010 Notes and the 2097 Notes, at any time from their date of issuance, and the 2037 Notes, at any time on or after May 2, 2004, are redeemable, in whole or in part, at the option of the Corporation, upon not less than (i) 45 days notice to the Trustee (unless a shorter time shall be acceptable to the Trustee for its convenience) and (ii) 30 nor more than 60 days prior written notice at a redemption price as evidenced by an Officer's Certificate of the Corporation equal to the greater of (i) 100% of their principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted, on a semi-annual basis, at the Treasury Yield plus 20 basis points, together with the accrued interest to the date of redemption; provided, however, that interest installments due on an Interest Payment Date which is on or prior to the date of redemption will be payable to those Holders who are Holders of record of such 2010 Notes (or one or more predecessor 2010 Notes) as of the close of business on the regular record date preceding such Interest Payment Date. (b) If the 2010 Notes are only partially redeemed pursuant to this Section 401, such 2010 Notes will be redeemed pro rata or by lot or by any other method utilized by the Security Registrar; provided, that if at the time of redemption, the 2010 Notes are registered as a Global Note, the Depositary shall determine, in accordance with its procedures, the principal amount of such 2010 Notes beneficially held by each Holder of 2010 Notes to be redeemed. Section 402 No Redemption of the 2005 Notes. The Corporation may not redeem the 2005 Notes.

Redemption of the Notes. SECTION Section 401 2000 Notes, 2001 Notes, 2002 Notes and 2007 Notes Not Redeemable. The 2000 Notes, 2001 Notes, 2002 Notes and 2007 Notes are not redeemable prior to maturity. SECTION 402 Redemption of 2017 Notes, 2027 Notes, 2037 Notes and 2097 the Notes at the Option of the ------------------------------------------ Corporation.. ----------- (a) The 2017 Notes, the 2027 Notes and the 2097 Notes, at any time from their date of issuance, and the 2037 Notes, at any time on or after May 2, 2004, are redeemable, in whole or in part, at the option of the Corporation, upon not less than (i) 45 days notice to the Trustee (unless a shorter time shall be acceptable to the Trustee for its convenience) and (ii) 30 nor more than 60 days prior written notice at a redemption price Redemption Price as evidenced by an Officer's Certificate of the Corporation equal to the greater of (i) 100% of their principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounteddiscounted to the Redemption Date, on a semi-annual basisbasis (assuming a 360-day year consisting of twelve 30-day months), at the applicable Treasury Yield plus 20 basis points, together with the accrued interest to the date of redemptionRedemption Date; provided, however, that interest installments due on an Interest Payment Date which is on or prior to the date of redemption Redemption Date will be payable to those Holders who are Holders of record of such the Notes (or one or more predecessor Notes) as of the close of business on the regular record date preceding such Interest Payment Date. (b) If the Notes are only partially redeemed pursuant to this Section 401, such Notes will be redeemed pro rata or by lot or by any other method utilized by the Security Registrar; provided, that if at the time of redemption, the Notes are registered as a Global Note, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes beneficially held by each Holder of Notes to be redeemed.