Common use of Right of Optional Redemption; Prices Clause in Contracts

Right of Optional Redemption; Prices. The Securities may not be redeemed at the option of the Issuer prior to maturity, except as set forth in this Section 12. 1. The Securities may not be redeemed at the option of the Issuer prior to April 1, 2004. At any time and from time to time on or after April 1, 2004, the Issuer may redeem the Securities, in whole or in part, at a redemption price from April 1, 2004 to March 31, 2005 of 105.00% of the principal amount thereof, from April 1, 2005 to March 31, 2006 at a redemption price of 104.00% of the principal amount thereof, from April 1, 2006 to March 31, 2007 at a redemption price of 103.00% of the principal amount thereof, and thereafter until maturity of 100.00% of the principal amount thereof, in each case plus accrued interest to the redemption date. Notwithstanding the foregoing, if the date fixed for redemption as set forth in this paragraph is an April 1 or October 1, then the interest payable on such date shall be paid to the holder of record on the preceding March 15 or September 15. Notice of such redemption shall be mailed not less than 30 nor more than 60 days prior to the date fixed for redemption to the holders of Securities to be redeemed, all as provided in the Indenture, in the circumstances set forth in this paragraph.

Right of Optional Redemption; Prices. The Securities may not be redeemed at the option of the Issuer prior to maturity, except as set forth in this Section 12. 112.1. The Securities may not be redeemed at the option of the Issuer prior to April January 1, 2004. At any time and from time to time on or after April January 1, 2004, the Issuer may redeem the Securities, in whole or in part, at a redemption price from April January 1, 2004 to March December 31, 2004 of 107.50% of the principal amount at maturity thereof, from January 1, 2005 to December 31, 2005 at a redemption price of 105.00% of the principal amount at maturity thereof, from April January 1, 2005 2006 to March December 31, 2006 at a redemption price of 104.00102.50% of the principal amount thereof, from April 1, 2006 to March 31, 2007 at a redemption price maturity thereof and thereafter until maturity of 103.00100% of the principal amount thereof, and thereafter until at maturity of 100.00% of the principal amount thereof, in each case plus accrued interest to the redemption date. Notwithstanding the foregoing, if the date fixed for redemption as set forth in this paragraph is an April a July 1 or October January 1, then the interest payable on such date shall be paid to the holder of record on the preceding March June 15 or September December 15. Notice of such redemption shall be mailed not less than 30 nor more than 60 days prior to the date fixed for redemption to the holders of Securities to be redeemed, all as provided in the Indenture, in the circumstances set forth in this paragraph.