Common use of Special Optional Redemption Clause in Contracts

Special Optional Redemption. (i) The 2021 Notes may be redeemed, in whole, at the option of the Company, at any time prior to February 23, 2017, at a redemption price equal to 101% of the aggregate principal amount of the 2021 Notes, plus accrued and unpaid interest thereon to but not including the Redemption Date, if, in the Company’s judgment, its acquisition of AGL Resources Inc. (the “Merger”) will not be consummated on or prior to February 23, 2017 (the “Special Optional Redemption”). (ii) If the Company exercises its option in clause (b)(i) above, it shall provide notice to each Holder of the 2021 Notes and to the Trustee, stating, among other matters, that it is exercising such option and that all of the 2021 Notes will be redeemed on the Redemption Date set forth in the notice (which Redemption Date shall be no earlier than three Business Days and no later than 30 days from the date such notice is given). The election of the Company to redeem the 2021 Notes shall be evidenced by a Board Resolution. The Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with the condition specified in Section 107(b)(i). This Section 107(b)(ii) shall apply to the Special Optional Redemption in lieu of Section 1102 of the Original Indenture.

Special Optional Redemption. (i) The 2021 2019 Notes may be redeemed, in whole, at the option of the Company, at any time prior to February 23, 2017, at a redemption price equal to 101% of the aggregate principal amount of the 2021 2019 Notes, plus accrued and unpaid interest thereon to but not including the Redemption Date, if, in the Company’s judgment, its acquisition of AGL Resources Inc. (the “Merger”) will not be consummated on or prior to February 23, 2017 (the “Special Optional Redemption”). (ii) If the Company exercises its option in clause (b)(i) above, it shall provide notice to each Holder of the 2021 2019 Notes and to the Trustee, stating, among other matters, that it is exercising such option and that all of the 2021 2019 Notes will be redeemed on the Redemption Date set forth in the notice (which Redemption Date shall be no earlier than three Business Days and no later than 30 days from the date such notice is given). The election of the Company to redeem the 2021 2019 Notes shall be evidenced by a Board Resolution. The Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with the condition specified in Section 107(b)(i). This Section 107(b)(ii) shall apply to the Special Optional Redemption in lieu of Section 1102 of the Original Indenture.

Special Optional Redemption. (i) The 2021 2046 Notes may be redeemed, in whole, at the option of the Company, at any time prior to February 23, 2017, at a redemption price equal to 101% of the aggregate principal amount of the 2021 2046 Notes, plus accrued and unpaid interest thereon to but not including the Redemption Date, if, in the Company’s judgment, its acquisition of AGL Resources Inc. (the “Merger”) will not be consummated on or prior to February 23, 2017 (the “Special Optional Redemption”). (ii) If the Company exercises its option in clause (b)(i) above, it shall provide notice to each Holder of the 2021 2046 Notes and to the Trustee, stating, among other matters, that it is exercising such option and that all of the 2021 2046 Notes will be redeemed on the Redemption Date set forth in the notice (which Redemption Date shall be no earlier than three Business Days and no later than 30 days from the date such notice is given). The election of the Company to redeem the 2021 2046 Notes shall be evidenced by a Board Resolution. The Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with the condition specified in Section 107(b)(i). This Section 107(b)(ii) shall apply to the Special Optional Redemption in lieu of Section 1102 of the Original Indenture.

Special Optional Redemption. (i) The 2021 2018 Notes may be redeemed, in whole, at the option of the Company, at any time prior to February 23, 2017, at a redemption price equal to 101% of the aggregate principal amount of the 2021 2018 Notes, plus accrued and unpaid interest thereon to but not including the Redemption Date, if, in the Company’s judgment, its acquisition of AGL Resources Inc. (the “Merger”) will not be consummated on or prior to February 23, 2017 (the “Special Optional Redemption”). (ii) If the Company exercises its option in clause (b)(i) above, it shall provide notice to each Holder of the 2021 2018 Notes and to the Trustee, stating, among other matters, that it is exercising such option and that all of the 2021 2018 Notes will be redeemed on the Redemption Date set forth in the notice (which Redemption Date shall be no earlier than three Business Days and no later than 30 days from the date such notice is given). The election of the Company to redeem the 2021 2018 Notes shall be evidenced by a Board Resolution. The Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with the condition specified in Section 107(b)(i). This Section 107(b)(ii) shall apply to the Special Optional Redemption in lieu of Section 1102 of the Original Indenture.

Special Optional Redemption. (i) The 2021 2023 Notes may be redeemed, in whole, at the option of the Company, at any time prior to February 23, 2017, at a redemption price equal to 101% of the aggregate principal amount of the 2021 2023 Notes, plus accrued and unpaid interest thereon to but not including the Redemption Date, if, in the Company’s judgment, its acquisition of AGL Resources Inc. (the “Merger”) will not be consummated on or prior to February 23, 2017 (the “Special Optional Redemption”). (ii) If the Company exercises its option in clause (b)(i) above, it shall provide notice to each Holder of the 2021 2023 Notes and to the Trustee, stating, among other matters, that it is exercising such option and that all of the 2021 2023 Notes will be redeemed on the Redemption Date set forth in the notice (which Redemption Date shall be no earlier than three Business Days and no later than 30 days from the date such notice is given). The election of the Company to redeem the 2021 2023 Notes shall be evidenced by a Board Resolution. The Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with the condition specified in Section 107(b)(i). This Section 107(b)(ii) shall apply to the Special Optional Redemption in lieu of Section 1102 of the Original Indenture.

Special Optional Redemption. (i) The 2021 2036 Notes may be redeemed, in whole, at the option of the Company, at any time prior to February 23, 2017, at a redemption price equal to 101% of the aggregate principal amount of the 2021 2036 Notes, plus accrued and unpaid interest thereon to but not including the Redemption Date, if, in the Company’s judgment, its acquisition of AGL Resources Inc. (the “Merger”) will not be consummated on or prior to February 23, 2017 (the “Special Optional Redemption”). (ii) If the Company exercises its option in clause (b)(i) above, it shall provide notice to each Holder of the 2021 2036 Notes and to the Trustee, stating, among other matters, that it is exercising such option and that all of the 2021 2036 Notes will be redeemed on the Redemption Date set forth in the notice (which Redemption Date shall be no earlier than three Business Days and no later than 30 days from the date such notice is given). The election of the Company to redeem the 2021 2036 Notes shall be evidenced by a Board Resolution. The Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with the condition specified in Section 107(b)(i). This Section 107(b)(ii) shall apply to the Special Optional Redemption in lieu of Section 1102 of the Original Indenture.