Common use of Redemption of the Securities Clause in Contracts

Redemption of the Securities. The Securities will be redeemable at the option of the Company, in whole or in part at any time or from time to time, on at least 30 but not more than 60 days prior notice, at a Redemption Price equal to the greater of (i) 100% of the principal amount of the Securities to be redeemed or (ii) the sum, as determined by the Independent Investment Banker, of the present values of the Remaining Scheduled Payments of the Securities to be redeemed, discounted, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 30 basis points. In the case of each of clause (i) and (ii), accrued interest will be payable to the Redemption Date.

Redemption of the Securities. The Securities Notes and the Debentures will be redeemable at the option of the Company, in whole or in part at any time or from time to time, on at least 30 but not more than 60 days prior notice, at a Redemption Price equal to the greater of (i) 100% of the principal amount of the Securities of such series to be redeemed or (ii) the sum, as determined by the Independent Investment Banker, of the present values of the Remaining Scheduled Payments of the Securities securities to be redeemed, discounted, on a semi-annual semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 30 basis pointspoints in the case of the Notes and 35 basis points in the case of the Debentures. In the case of each of clause (i) and (ii), accrued interest will be payable to the Redemption Dateredemption date.