Common use of Authorization of the New Series of Notes Clause in Contracts

Authorization of the New Series of Notes. The Obligors have authorized the issue and sale of the following Senior Notes: Aggregate Series and/or Principal Interest Maturity Issue Tranche Amount Rate Date Senior Notes Series 2011A, Tranche A (the “Tranche A Notes”) $ 100,000,000 3.30 % April 1, 2016 Senior Notes Series 0000X, Xxxxxxx X (xxx “Xxxxxxx X Notes”) $ 50,000,000 4.00 % April 1, 2018 Senior Notes Series 2011A, Tranche C (the “Tranche C Notes”) $ 100,000,000 4.64 % April 1, 2021 The Senior Notes described above are collectively referred to as the “Series 2011A Notes”. The Series 2011A Notes, together with the Series 2009A Notes, issued pursuant to the First Supplement to Master Note Purchase Agreement dated as of October 26, 2009 (the “First Supplement”), and the Series 2008A Notes, initially issued pursuant to the Note Purchase Agreement, and each series of Additional Notes which may from time to time hereafter be issued pursuant to the provisions of Section 1.2 of the Note Purchase Agreement, are collectively referred to as the “Notes” (such term shall also include any such notes issued in substitution therefor pursuant to Section 13 of the Note Purchase Agreement). The Tranche A Notes, the Tranche B Notes and the Tranche C Notes shall be substantially in the forms set out in Exhibit 1(a), Exhibit 1(b) and Exhibit 1(c), respectively, with such changes therefrom, if any, as may be approved by the Purchaser(s) and the Obligors.

Authorization of the New Series of Notes. The Obligors have authorized the issue and sale of the following Senior Notes: Aggregate Issue Series and/or Tranche Aggregate Principal Amount Interest Rate Maturity Issue Tranche Amount Rate Date Senior Notes Series 2011A2015A, Tranche A (the “Tranche A Notes”) $ 100,000,000 3.30 $125,000,000 3.09% April 1August 20, 2016 2022 Senior Notes Series 0000X2000X, Xxxxxxx X (xxx “Xxxxxxx X Notes”) $ 50,000,000 4.00 $375,000,000 3.41% April 1August 20, 2018 Senior Notes Series 2011A, Tranche C (the “Tranche C Notes”) $ 100,000,000 4.64 % April 1, 2021 2025 The Senior Notes described above are collectively referred to as the “Series 2011A 2015A Notes”. The Series 2011A 2015A Notes, together with the Series 2011A Notes issued pursuant to the Second Supplement to Master Note Purchase Agreement dated as of April 1, 2011 (the “Second Supplement”), the Series 2009A Notes, Notes issued pursuant to the First Supplement to Master Note Purchase Agreement dated as of October 26, 2009 (the “First Supplement”), and the Series 2008A Notes, initially issued pursuant to the Note Purchase Agreement, and each series of Additional Notes which may from time to time hereafter be issued pursuant to the provisions of Section 1.2 of the Note Purchase Agreement, are collectively referred to as the “Notes” (such term shall also include any such notes issued in substitution therefor pursuant to Section 13 of the Note Purchase Agreement). The Tranche A Notes, the Tranche B Notes and the Tranche C B Notes shall be substantially in the forms set out in Exhibit 1(a), Exhibit 1(b) and Exhibit 1(c1(b), respectively, with such changes therefrom, if any, as may be approved by the Purchaser(s) and the Obligors.