Common use of Optional Redemption by Company Clause in Contracts

Optional Redemption by Company. The Company shall have the option to redeem the Junior Subordinated Notes: (a) in whole or in part on one or more occasions at a redemption price equal to 100% of the principal amount being redeemed, plus accrued and unpaid interest to, but excluding, the redemption date (i) on any day in the period commencing on the date falling 90 days prior to the First Reset Date and ending on and including the First Reset Date and (ii) after the First Reset Date, on any Interest Payment Date; (b) in whole, but not in part, at a redemption price equal to 100% of the principal amount being redeemed, plus accrued and unpaid interest to, but excluding, the redemption date, at any time within 120 days after the occurrence of a Tax Event; and (c) in whole, but not in part, at a redemption price equal to 102% of the principal amount being redeemed, plus accrued and unpaid interest to, but excluding, the redemption date, at any time within 120 days after the occurrence of a Rating Agency Event. The applicable redemption price shall be paid prior to 2:30 p.m., New York City time, on the date of such redemption, provided that the Company shall deposit with the Series Trustee an amount sufficient to pay the applicable redemption price by 10:00 a.m., New York City time, on the date such redemption price is to be paid. The Company will, in an Officers’ Certificate, notify the Series Trustee of the amount of any applicable redemption price promptly after the calculation thereof, and the Series Trustee will not be responsible for such calculation.

Optional Redemption by Company. The Company shall have the option to redeem the Junior Subordinated Notes: (a) in whole or in part on one or more occasions at a redemption price equal to 100% of the principal amount being redeemedany time before January 30, plus accrued and unpaid interest to, but excluding, the redemption date (i) on any day in the period commencing on the date falling 90 days prior to the First Reset Date and ending on and including the First Reset Date and (ii) after the First Reset Date, on any Interest Payment Date; (b) in whole, but not in part2015, at a redemption price equal to 100% of the principal amount being redeemedMake-Whole Amount, plus accrued and unpaid interest tothrough, but excludingnot including, the redemption date, ; (b) in whole or in part at any time within 120 days after before January 30, 2015, if a Rating Agency Event occurs, at a redemption price equal to the occurrence of a Tax Event; andRating Agency Event Make-Whole Amount, plus accrued and unpaid interest through, but not including, the redemption date; (c) in whole, but not in part, at any time before January 30, 2015, upon the occurrence of a Tax Event, at a redemption price equal to 102100% of the outstanding principal amount of the Junior Subordinated Notes being redeemed, plus accrued and unpaid interest tothrough, but excludingnot including, the redemption date, ; and (d) in whole or in part at any time within 120 days on or after January 30, 2015, at a redemption price equal to 100% of the occurrence outstanding principal amount of a Rating Agency Eventthe Junior Subordinated Notes being redeemed, plus accrued and unpaid interest through, but not including, the redemption date. The applicable redemption price shall be paid prior to 2:30 p.m., New York City time, on the date of such redemption, provided that the Company shall deposit with the Series Trustee an amount sufficient to pay the applicable redemption price by 10:00 11:00 a.m., New York City time, on the date such redemption price is to be paid. The Company will, in an Officers’ Certificate, will notify the Series Trustee of the amount of any applicable redemption price Make-Whole Amount or Rating Agency Event Make-Whole Amount promptly after the calculation thereof, and the Series Trustee will not be responsible for such calculation.

Optional Redemption by Company. The Company shall have the option to redeem the Junior Subordinated Notes: (a) in whole or in part on one or more occasions at a redemption price equal to 100% of the principal amount being redeemed, plus accrued and unpaid interest to, but excluding, the redemption date (i) on any day in during the period commencing on the date falling that is 90 days prior to the First Reset Date and ending on and including the First Reset Date and (ii) after the First Reset Date, on any Interest Payment Date; (b) in whole, but not in part, at a redemption price equal to 100% of the principal amount being redeemed, plus accrued and unpaid interest to, but excluding, the redemption date, at any time within by a date no later than 120 days after following the occurrence of a Tax Event; and (c) in whole, but not in part, at a redemption price equal to 102% of the principal amount being redeemed, plus accrued and unpaid interest to, but excluding, the redemption date, at any time within by a date no later than 120 days after following the occurrence of a Rating Agency Event. The applicable Unless the Company defaults in the payment of the redemption price shall be paid prior to 2:30 p.m., New York City timeor the proposed redemption is canceled in accordance with the provisions of Section 3.2(c) below, on and after the redemption date of such interest will cease to accrue on the notes, or portions thereof, called for redemption, provided that the . The Company shall deposit with the Series Trustee an amount sufficient to pay the applicable redemption price by 10:00 a.m., New York City time, on the date such redemption price is to be paid. The Company will, in an Officers’ Certificate, notify the Series Trustee of the amount of any applicable redemption price promptly after the calculation thereof, and the Series Trustee will shall not be responsible for such calculationcharged with knowledge of whether a Rating Agency Event has occurred.

Optional Redemption by Company. The Company shall have the option to redeem the Junior Subordinated Notes: (a) in whole or in part on one or more occasions on or after July 30, 2021 at a redemption price equal to 100% of the outstanding principal amount of the Junior Subordinated Notes being redeemed, plus accrued and unpaid interest tothrough, but excludingnot including, the redemption date (i) on any day in the period commencing on the date falling 90 days prior to the First Reset Date and ending on and including the First Reset Date and (ii) after the First Reset Date, on any Interest Payment Datedate; (b) in whole, but not in part, at any time before July 30, 2021 at a redemption price equal to 100% of the outstanding principal amount of the Junior Subordinated Notes being redeemed, plus accrued and unpaid interest tothrough, but excludingnot including, the redemption date, at any time within 120 days after upon the occurrence of a Tax Event; and (c) in whole, but not in part, on one or more occasions before July 30, 2021 at a redemption price equal to 102% of the outstanding principal amount of the Junior Subordinated Notes being redeemed, plus accrued and unpaid interest tothrough, but excludingnot including, the redemption date, at any time within 120 90 days after the conclusion of any review or appeal process instituted by the Company following the occurrence and continuation of a Rating Agency Event. The applicable redemption price shall be paid prior to 2:30 p.m., New York City time, on the date of such redemption, provided that the Company shall deposit with the Series Trustee an amount sufficient to pay the applicable redemption price by 10:00 a.m., New York City time, on the date such redemption price is to be paid. The Company will, in an Officers’ Certificate, notify the Series Trustee of the amount of any applicable redemption price promptly after the calculation thereof, and the Series Trustee will not be responsible for such calculation.

Optional Redemption by Company. The (a) Subject to the provisions of this Article XIV, the Company shall have the option right to redeem the Junior Subordinated Notes: (a) Securities, in whole or in part part, from time to time, on one or more occasions after Initial Optional Redemption Date at a redemption price (the "Optional Redemption Price") equal to 100% the outstanding principal amount of the principal amount being redeemedSecurities, plus accrued and unpaid interest tothereon to the date of redemption, but excludingif any. If the Securities are only partially redeemed pursuant to this Section 14.02, the Securities will be redeemed pro rata or by lot or by any other method --- ---- utilized by the Trustee; provided, that if at the time of redemption date (i) on any day the -------- Securities are registered as a Global Security, the Depositary shall determine, in the period commencing on the date falling 90 days prior to the First Reset Date and ending on and including the First Reset Date and (ii) after the First Reset Dateaccordance with its procedures, on any Interest Payment Date; (b) in whole, but not in part, at a redemption price equal to 100% of the principal amount being of such Securities held for the account of its participants to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date, at any time within 120 days after the occurrence of a Tax Event; and (c) in whole, but not in part, at a redemption price equal to 102% of the principal amount being redeemed, plus accrued and unpaid interest to, but excluding, the redemption date, at any time within 120 days after the occurrence of a Rating Agency Event. The applicable redemption price Optional Redemption Price shall be paid prior to 2:30 p.m.12:00 noon, New York City time, on the date of such redemptionredemption or at such earlier time as the Company determines, provided that the -------- Company shall deposit with the Series Trustee an amount sufficient to pay the applicable redemption price Optional Redemption Price by 10:00 a.m., New York City time, on the date such redemption price Optional Redemption Price is to be paid. The Company will. (b) Notwithstanding the first sentence of Section 14.02, upon the entry of an order for dissolution of the AGL Capital Trust III by a court of competent jurisdiction, the Securities thereafter will be subject to optional redemption, in an Officers’ Certificatewhole only, notify but not in part, on or after [______], at the Series Trustee of the amount of any applicable optional redemption price promptly after the calculation thereof, prices set forth in Section 14.02 and the Series Trustee will not be responsible for such calculationotherwise in accordance with this Article XIV.

Optional Redemption by Company. The Company shall have the option to redeem the Junior Subordinated Notes: (a) in whole or in part on one or more occasions before October 1, 2024 if a Rating Agency Event occurs, at a redemption price equal to 100102% of the outstanding principal amount of the Junior Subordinated Notes being redeemed, plus accrued and unpaid interest tothrough, but excludingnot including, the redemption date (i) on any day in the period commencing on the date falling 90 days prior to the First Reset Date and ending on and including the First Reset Date and (ii) after the First Reset Date, on any Interest Payment Datedate; (b) in whole, but not in part, at any time before October 1, 2024 upon the occurrence of a Tax Event, at a redemption price equal to 100% of the outstanding principal amount of the Junior Subordinated Notes being redeemed, plus accrued and unpaid interest tothrough, but excludingnot including, the redemption date, at any time within 120 days after the occurrence of a Tax Event; and (c) in wholewhole or in part on one or more occasions on or after October 1, but not in part, 2024 at a redemption price equal to 102100% of the outstanding principal amount of the Junior Subordinated Notes being redeemed, plus accrued and unpaid interest tothrough, but excludingnot including, the redemption date, at any time within 120 days after the occurrence of a Rating Agency Event. The applicable redemption price shall be paid prior to 2:30 p.m., New York City time, on the date of such redemption, provided that the Company shall deposit with the Series Trustee an amount sufficient to pay the applicable redemption price by 10:00 a.m., New York City time, on the date such redemption price is to be paid. The Company will, in an Officers’ Certificate, notify the Series Trustee of the amount of any applicable redemption price promptly after the calculation thereof, and the Series Trustee will not be responsible for such calculation.