Common use of Method and Effect of Redemption Clause in Contracts

Method and Effect of Redemption. (a) If the Issuers elect to redeem Notes, they must notify the Trustee of the redemption date, the principal amount of Notes to be redeemed and the redemption price by delivering an Officers' Certificate and an Opinion of Counsel, to the effect that such redemption shall comply with the conditions set forth in this Article 3, 40 to 60 days before the redemption date (unless a shorter period is satisfactory to the Trustee). The Trustee shall select the Notes to be redeemed in compliance with the principal national securities exchange, if any, on which the Notes are listed, or if such Notes are not so listed, on a pro rata basis, by lot or by any other method the Trustee in its sole discretion deems fair and appropriate, in denominations of $1,000 principal amount or an integral multiple of $1,000 in excess thereof. The Trustee shall notify the Issuers promptly of the Notes or portions of Notes to be called for redemption. Any such notice may be cancelled at any time prior to notice of such redemption being mailed to any Holder and shall thereby be void and of no effect. (b) Notice of redemption must be sent by the Issuers or at the Issuers' request, by the Trustee in the name and at the expense of the Issuer, to Holders whose Notes are to be redeemed at least 30 but not more than 60 days before the redemption date, except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with Section 8.01 or Section 8.02

Method and Effect of Redemption. (a) If the Issuers elect Company elects to redeem Notes, they it must notify the Trustee of the redemption date, Redemption Date and the principal amount of Notes to be redeemed and the redemption price by delivering an Officers' ’ Certificate and an Opinion of Counsel, to the effect that such redemption shall comply with the conditions set forth in this Article 3, 40 to at least 60 days before the redemption date Redemption Date (unless a shorter period is satisfactory to the Trustee). The Trustee shall select If fewer than all of the Notes are being redeemed, the Officers’ Certificate must also specify a record date not less than 15 days after the date of the notice of redemption is given to the Trustee, and the Notes to be redeemed in compliance with the principal national securities exchange, if any, on which the Notes are listed, or if such Notes are not so listed, on a will be selected pro rata basisrata, by lot or lot, by any other method the Trustee in its sole discretion deems fair and appropriate, or if the Notes are held as Global Notes, by any other method in accordance with DTC’s applicable procedures, in denominations of $1,000 2,000 principal amount or an and higher integral multiple multiples of $1,000 in excess thereof1,000. The Trustee shall will notify the Issuers Company promptly of the Notes or portions of Notes to be called for redemption. Any such notice may be cancelled at any time prior to notice of such redemption being mailed to any Holder and shall thereby be void and of no effect. (b) Notice of redemption must be sent by the Issuers Company or at the Issuers' Company’s request, by the Trustee in the name and at the expense of the IssuerCompany, to Holders whose Notes are to be redeemed at least 30 days but not more than 60 days before the Redemption Date. (b) The notice of redemption date, except that redemption notices may shall identify the Notes to be mailed more than 60 days prior to a redemption date if redeemed and will include or state the notice is issued in connection with Section 8.01 or Section 8.02following: