Common use of Interest on the Notes Clause in Contracts

Interest on the Notes. (a) Interest payable on any Interest Payment Date, Maturity Date or Redemption Date, shall be the amount of interest accrued from, and including, the immediately preceding Interest Payment Date in respect of which interest has been paid or duly provided for (or from and including the Issue Date, if no interest has previously been paid or duly provided for) to, but excluding, such Interest Payment Date, Maturity Date or, if applicable, Redemption Date, as the case may be. Interest on the Notes will be computed on the basis of the actual number of days in the period for which interest is being calculated and the actual number of days from and including the last date on which interest was paid on the Notes (or the Issue Date if no interest has been paid on the Notes), to but excluding the next scheduled Interest Payment Date, Maturity Date or Redemption Date, as applicable. This payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Markets Association. (b) The 2026 Notes will bear interest at the rate of 0.200% per year; the 2028 Notes will bear interest at the rate of 0.450% per year; the 2031 Notes will bear interest at the rate of 0.750% per year; the 2039 Notes will bear interest at the rate of 1.350% per year; and the 2049 Notes will bear interest at the rate of 1.800% per year. Interest on the 2026 Notes shall be payable annually in arrears on March 18 of each year (each, a “2026 Notes Interest Payment Date”), commencing March 18, 2020; interest on the 2028 Notes shall be payable annually in arrears on March 18 of each year (each, a “2028 Notes Interest Payment Date”), commencing March 18, 2020; interest on the 2031 Notes shall be payable annually in arrears on September 18 of each year (each, a “2031 Notes Interest Payment Date”), commencing September 18, 2020; interest on the 2039 Notes shall be payable annually in arrears on September 18 of each year (each, a “2039 Notes Interest Payment Date”), commencing September 18, 2020; and interest on the 2049 Notes shall be payable annually in arrears on September 18 of each year (each, a “2049 Notes Interest Payment Date”), commencing September 18, 2020, in each case to the Persons in whose names such Notes are registered at the close of business on the Record Date for such Interest Payment Date, except as provided in Section 2.06.

Interest on the Notes. (a) Interest payable on any Interest Payment Date, Maturity Date or Redemption Date, shall be the amount The rate of interest accrued fromon each 2025 Note will be 5.800% per annum, and including, accruing from the immediately preceding Interest Payment Date in respect date of original issuance or from the most recent date to which interest has been paid or duly provided for for, to, but excluding, the applicable Interest Payment Date, and interest on each 2025 Note will be payable semi-annually in arrears on May 30 and November 30 of each year, beginning on May 30, 2024, and on the Maturity of such series. (b) The rate of interest on each 2034 Note will be 5.900% per annum, accruing from the date of original issuance or from and including the Issue Date, if no most recent date to which interest has previously been paid or duly provided for) , to, but excluding, such the applicable Interest Payment Date, and interest on each 2034 Note will be payable semi-annually in arrears on March 15 and September 15 of each year, beginning on March 15, 2024, and on the Maturity Date orof such series. (c) The rate of interest on each 2054 Note will be 6.200% per annum, if applicableaccruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, Redemption to, but excluding, the applicable Interest Payment Date, as the case may be. Interest and interest on each 2054 Note will be payable semi-annually in arrears on March 15 and September 15 of each year, beginning on March 15, 2024, and on the Maturity of such series. (d) Interest with respect to the Notes will accrue on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly period will be computed on the basis of the actual number of calendar days elapsed in such a period. (e) If the period for which interest is being calculated and the actual number of days from and including the last date on which a payment of interest was or principal on the Notes is scheduled to be paid is not a Business Day, then the interest or principal payable on that date will be paid on the Notes (or the Issue Date if next succeeding Business Day, and no further interest has been paid on the Notes), to but excluding the next scheduled Interest Payment Date, Maturity Date or Redemption Date, will accrue as applicable. This payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook a result of the International Capital Markets Associationsuch delay. (bf) The 2026 Notes Interest will bear interest at the rate of 0.200% per year; the 2028 Notes will bear interest at the rate of 0.450% per year; the 2031 Notes will bear interest at the rate of 0.750% per year; the 2039 Notes will bear interest at the rate of 1.350% per year; and the 2049 Notes will bear interest at the rate of 1.800% per year. Interest on the 2026 Notes shall be payable annually in arrears on March 18 of each year (each, a “2026 Notes Interest Payment Date”), commencing March 18, 2020; interest on the 2028 Notes shall be payable annually in arrears on March 18 of each year (each, a “2028 Notes Interest Payment Date”), commencing March 18, 2020; interest on the 2031 Notes shall be payable annually in arrears on September 18 of each year (each, a “2031 Notes Interest Payment Date”), commencing September 18, 2020; interest on the 2039 Notes shall be payable annually in arrears on September 18 of each year (each, a “2039 Notes Interest Payment Date”), commencing September 18, 2020; and interest on the 2049 Notes shall be payable annually in arrears on September 18 of each year (each, a “2049 Notes Interest Payment Date”), commencing September 18, 2020, in each case to the Persons in whose names such Notes (or one or more Predecessor Notes) are registered on the relevant Record Date; provided, that interest payable at the close relevant Maturity will be payable to the Persons to whom the principal of business on the Record Date for such Interest Payment Date, except as provided in Section 2.06Notes is payable.

Interest on the Notes. (a) Interest payable on any Interest Payment Date, Maturity Date or Redemption Date, shall be the amount The rate of interest accrued fromon each 2025 Note will be 4.375% per annum, and including, accruing from the immediately preceding Interest Payment Date in respect date of original issuance or from the most recent date to which interest has been paid or duly provided for for, to, but excluding, the applicable Interest Payment Date, and interest on each 2025 Note will be payable annually in arrears on May 29 of each year, beginning on May 29, 2024, and on the Maturity of such series. (b) The rate of interest on each 2028 Note will be 4.125% per annum, accruing from the date of original issuance or from and including the Issue Date, if no most recent date to which interest has previously been paid or duly provided for) , to, but excluding, such the applicable Interest Payment Date, and interest on each 2028 Note will be payable annually in arrears on May 29 of each year, beginning on May 29, 2024, and on the Maturity Date orof such series. (c) The rate of interest on each 2032 Note will be 4.500% per annum, if applicableaccruing from the date of original issuance or from the most recent date to which interest has been paid or duly provided for, Redemption to, but excluding, the applicable Interest Payment Date, as and interest on each 2032 Note will be payable annually in arrears on November 29 of each year, beginning on November 29, 2024, and on the case may be. Maturity of such series. (d) Interest on with respect to the Notes will be computed on the basis of (i) the actual number of days in the period for which interest is being calculated and (ii) the actual number of days from and including the last date on which interest was paid on the Notes (or from and including the Issue Date original issue date, if no interest has been paid on or duly provided for with respect to the applicable series of Notes), to but excluding the next scheduled Interest Payment Date, Maturity Date or Redemption Date, as applicablefor the applicable series of Notes. This payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Markets Market Association. (be) The 2026 Notes will bear If the date on which a payment of interest at the rate of 0.200% per year; the 2028 Notes will bear interest at the rate of 0.450% per year; the 2031 Notes will bear interest at the rate of 0.750% per year; the 2039 Notes will bear interest at the rate of 1.350% per year; and the 2049 Notes will bear interest at the rate of 1.800% per year. Interest or principal on the 2026 Notes shall is scheduled to be paid is not a Business Day, then the interest or principal payable on that date will be paid on the next succeeding Business Day, and no further interest will accrue as a result of such delay. (f) Interest will be payable annually in arrears on March 18 of each year (each, a “2026 Notes Interest Payment Date”), commencing March 18, 2020; interest on the 2028 Notes shall be payable annually in arrears on March 18 of each year (each, a “2028 Notes Interest Payment Date”), commencing March 18, 2020; interest on the 2031 Notes shall be payable annually in arrears on September 18 of each year (each, a “2031 Notes Interest Payment Date”), commencing September 18, 2020; interest on the 2039 Notes shall be payable annually in arrears on September 18 of each year (each, a “2039 Notes Interest Payment Date”), commencing September 18, 2020; and interest on the 2049 Notes shall be payable annually in arrears on September 18 of each year (each, a “2049 Notes Interest Payment Date”), commencing September 18, 2020, in each case to the Persons in whose names such Notes (or one or more Predecessor Securities) are registered on the relevant Record Date; provided, that interest payable at the close relevant Maturity will be payable to the Persons to whom the principal of business on the Record Date for such Interest Payment Date, except as provided in Section 2.06Notes is payable.

Interest on the Notes. (a) Interest payable on any Interest Payment Date, Maturity Date or Redemption Date, shall be the amount The rate of interest accrued fromon each 2023 Note will be 0.000% per annum, and including, accruing from the immediately preceding Interest Payment Date in respect date of original issuance or from the most recent date on which interest has been paid or duly provided for for, to, but excluding, the applicable Interest Payment Date, and interest on each 2023 Note will be payable annually in arrears on November 12 of each year, beginning on November 12, 2022, and on the Maturity of such series. (b) The rate of interest on each 2026 Note will be 0.318% per annum, accruing from the date of original issuance or from and including the Issue Date, if no most recent date on which interest has previously been paid or duly provided for) , to, but excluding, such the applicable Interest Payment Date, and interest on each 2026 Note will be payable annually in arrears on December 15 of each year, beginning on December 15, 2022, and on the Maturity Date orof such series. (c) The rate of interest on each 2031 Note will be 0.934% per annum, if applicableaccruing from the date of original issuance or from the most recent date on which interest has been paid or duly provided for, Redemption to, but excluding, the applicable Interest Payment Date, as and interest on each 2031 Note will be payable annually in arrears on December 15 of each year, beginning on December 15, 2022, and on the case may be. Maturity of such series. (d) Interest on the Notes will shall be computed on the basis of the actual number of days in the period for which interest is being calculated and the actual number of days from calculated, and including the last date on which interest was paid on or duly provided for in the Notes (or from the Issue Date issue date, if no interest has been paid on the Notes), to but excluding the next scheduled following Interest Payment Date, Maturity Date or Redemption Date, as applicable. This payment convention is referred to as ACTUAL/ACTUAL (ICMA) ), as defined in the rulebook of the International Capital Markets Association. The amount of interest payable for any period shorter than a full monthly period will be computed on the basis of the actual number of calendar days elapsed in such a period. (be) The 2026 If the date on which a payment of interest or principal on such series of Notes is scheduled to be paid is not a Business Day, then the interest or principal payable on that date will bear interest at the rate of 0.200% per year; the 2028 Notes will bear interest at the rate of 0.450% per year; the 2031 Notes will bear interest at the rate of 0.750% per year; the 2039 Notes will bear interest at the rate of 1.350% per year; and the 2049 Notes will bear interest at the rate of 1.800% per year. Interest be paid on the 2026 Notes shall next succeeding Business Day, and no further interest will accrue as a result of such delay. (f) Interest will be payable annually in arrears on March 18 of each year (each, a “2026 Notes Interest Payment Date”), commencing March 18, 2020; interest on the 2028 Notes shall be payable annually in arrears on March 18 of each year (each, a “2028 Notes Interest Payment Date”), commencing March 18, 2020; interest on the 2031 Notes shall be payable annually in arrears on September 18 of each year (each, a “2031 Notes Interest Payment Date”), commencing September 18, 2020; interest on the 2039 Notes shall be payable annually in arrears on September 18 of each year (each, a “2039 Notes Interest Payment Date”), commencing September 18, 2020; and interest on the 2049 Notes shall be payable annually in arrears on September 18 of each year (each, a “2049 Notes Interest Payment Date”), commencing September 18, 2020, in each case to the Persons in whose names such Notes (or one or more Predecessor Securities) are registered on the relevant Record Date; provided, that interest payable at the close Maturity of business on such series will be payable to the Record Date for Persons to whom the principal of such Interest Payment Date, except as provided in Section 2.06Notes is payable.