Common use of Authorization of Issue of Series A Notes and Series B Notes Clause in Contracts

Authorization of Issue of Series A Notes and Series B Notes. The Company will authorize the issue and sale of (i) $75,000,000 aggregate principal amount of its 3.25% Series A Senior Notes due February 12, 2022 (the “Series A Notes”, such term to include any such notes issued in substitution or exchange therefor or replacement thereof pursuant to Section 13), and (ii) $75,000,000 aggregate principal amount of its 3.72% Series B Senior Notes due February 12, 2027 (the “Series B Notes”, such term to include any such notes issued in substitution or exchange therefor or replacement thereof pursuant to Section 13). The Series A Notes shall be substantially in the form set out in Exhibit 1-A and the Series B Notes shall be substantially in the form set out in Exhibit 1-B. Certain capitalized and other terms used in this Agreement are defined in Schedule B; and references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement.

Authorization of Issue of Series A Notes and Series B Notes. The Company will authorize the issue and sale of (ia) $75,000,000 50,000,000 aggregate principal amount of its 3.254.65% Senior Guaranteed Notes, Series A Senior Notes A, due February 12May 28, 2022 2024 (the “Series A Notes”) and (b) $50,000,000 aggregate principal amount of its 4.74% Senior Guaranteed Notes, such term Series B, due May 28, 2026 (the “Series B Notes” and together with the Series A Notes, the “Initial Notes”) (as amended, restated or otherwise modified from time to include time pursuant to Section 17 and including any such notes issued in substitution or exchange therefor or replacement thereof pursuant to Section 13), and (ii) $75,000,000 aggregate principal amount of its 3.72% Series B Senior Notes due February 12, 2027 (the “Series B Notes”, such term to include any such notes issued in substitution or exchange therefor or replacement thereof pursuant to Section 13). The Series A Notes shall be substantially in the form set out in Exhibit Schedules 1-A and the Series B Notes shall be substantially in the form set out in Exhibit 1-B. Certain capitalized and other terms used in this Agreement are defined in Schedule B; and references B. References to a “Schedule” or an “Exhibit” are, are references to a Schedule attached to this Agreement unless otherwise specified, . References to a Schedule or an Exhibit attached “Section” are references to a Section of this AgreementAgreement unless otherwise specified.