Common use of Optional Redemption by Company Clause in Contracts

Optional Redemption by Company. (a) Subject to the provisions of this Article XIV, the Company shall have the right to redeem the Securities, in whole or in part, from time to time, on or after Initial Optional Redemption Date at a redemption price (the "Optional Redemption Price") equal to the percentage of the outstanding principal amount of the Debentures specified below, plus, in each case, accrued interest thereon to the date of redemption if redeemed during the 12-month period beginning June 1 of the years indicated below. 89 Year Percentage 2007 104.085% 2008 103.677% 2009 103.268% 2010 102.860% 2011 102.451% 2012 102.043% 2013 101.634% 2014 101.226% 2015 100.817% 2016 100.409% 2017 and thereafter 100.000% 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 the Securities are registered as a Global Security, the Depositary shall determine, in accordance with its procedures, the principal amount of such Securities held for the account of its participants to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Optional Redemption by Company. (a) Subject to the provisions of this Article XIV, the Company shall have the right to redeem the Securities, in whole or in part, from time to time, on or after the Initial Optional Redemption Date at a redemption price (the "Optional Redemption Price") equal to the percentage of the outstanding principal amount of the Debentures Securities specified below, plus, in each case, accrued interest thereon to the date of redemption if redeemed during the 12-12- month period beginning June 1 of the years indicated below. 89 Year Percentage YEAR PERCENTAGE 2007 104.085104.116% 2008 103.677103.704% 2009 103.268103.292% 2010 102.860102.881% 2011 102.451102.469% 2012 102.043102.058% 2013 101.634101.646% 2014 101.226101.235% 2015 100.817100.823% 2016 100.409100.412% 2017 and thereafter 100.000100.00% 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 the Securities are registered as a Global Security, the Depositary shall determine, in accordance with its procedures, the principal amount of such Securities held for the account of its participants to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Optional Redemption by Company. (a) Subject to the provisions of this Article XIVFourteen, the Company shall have the right to redeem the Securities, in whole or in part, from time to time, on or after Initial Optional Redemption Date December 15, 2006, at a the optional redemption price prices set forth below (expressed as percentages of principal) plus accrued and unpaid interest thereon (including Additional Interest and Compounded Interest, if any) to the applicable date of redemption (the "Optional Redemption Price") equal to the percentage of the outstanding principal amount of the Debentures specified below, plus, in each case, accrued interest thereon to the date of redemption if redeemed during the 12-month period beginning June 1 December 15 of the years indicated below. 89 Year Percentage 2006 104.125% 2007 104.085103.713% 2008 103.677103.300% 2009 103.268102.888% 2010 102.860102.475% 2011 102.451% 102.063 2012 102.043101.650% 2013 101.634101.238% 2014 101.226100.825% 2015 100.817100.413% 2016 100.409% 2017 and thereafter 100.000% 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 the Securities are registered as a Global Security, the Depositary shall determine, in accordance with its procedures, the principal amount of such Securities held for the account by each holder of its participants a Security to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Optional Redemption by Company. (a) Subject to the provisions of this Article XIV, the Company shall have the right to redeem the Securities, in whole or in part, from time to time, on or after the Initial Optional Redemption Date Date, at a the redemption price prices set forth below (ex- pressed as percentages of principal) plus, in each case, accrued and unpaid interest thereon (including Additional Sums and Compounded Interest, if any) and Liquidated Damages, if any, to the applicable date of redemption (the "Optional Redemption Price") equal to the percentage of the outstanding principal amount of the Debentures specified below, plus, in each case, accrued interest thereon to the date of redemption if redeemed during the 12-month period beginning June April 1 of the years indicated below. 89 Year Percentage 2007 104.085103.8750% 2008 103.677103.4875% 2009 103.268103.1000% 2010 102.860102.7125% 2011 102.451102.3250% 2012 102.043101.9375% 2013 101.634101.5500% 2014 101.226101.1625% 2015 100.817100.7750% 2016 100.409100.3875% 2017 and thereafter 100.000100.0000% 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; providedprovid- ed, that if at the time of redemption the Securities are registered regis- tered as a Global Security, the Depositary shall determine, in accordance with its procedures, the principal amount of such Securities held for the account by each holder of its participants a Security to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Optional Redemption by Company. (a) Subject to the provisions of this Article XIV, including but not limited to Section 14.02(c), the Company shall have the right to redeem the Securities, in whole or in part, from time to time, on or after the Initial Optional Redemption Date at a the optional redemption price prices set forth below (expressed as percentages of principal) plus accrued and unpaid interest thereon (including Additional Interest and Compounded Interest, if any) to the applicable date of redemption (the "Optional Redemption Price") equal to the percentage of the outstanding principal amount of the Debentures specified below, plus, in each case, accrued interest thereon to the date of redemption ): if redeemed during the 12-month period beginning June February 1 of the years indicated below. 89 Year Percentage 2007 104.085% 104.49 2008 103.677% 104.041 2009 103.268% 103.592 2010 102.860% 103.143 2011 102.451% 102.694 2012 102.043% 102.245 2013 101.634% 101.796 2014 101.226% 101.347 2015 100.817% 100.898 2016 100.409% 100.449 2017 and thereafter 100.000% 100.00 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 the Securities are registered as a Global Security, the Depositary shall determine, in accordance with its procedures, the principal amount of such Securities held for the account of its participants to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Optional Redemption by Company. (a) Subject to the provisions of this Article XIVFourteen, the Company shall have the right to redeem the Securities, in whole or in part, from time to time, on or after the Initial Optional Redemption Date at a the optional redemption price prices set forth below (expressed as percentages of principal) plus accrued and unpaid interest thereon (including Additional Interest and Compounded Interest, if any) to the applicable date of redemption (the "Optional Redemption Price") equal to the percentage of the outstanding principal amount of the Debentures specified below, plus, in each case, accrued interest thereon to the date of redemption if redeemed during the 12-month period beginning June 1 January 15 of the years indicated below. 89 Year Percentage ---- ---------- 2007 104.085104.6650% 2008 103.677104.1985% 2009 103.268103.7320% 2010 102.860103.2655% 2011 102.451102.7990% 2012 102.043102.3325% 2013 101.634101.8660% 2014 101.226101.3995% 2015 100.817100.9330% 2016 100.409100.4665% 2017 and thereafter 100.000100.0000% -------- 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 the Securities are registered as a Global Security, the Depositary shall determine, in accordance with its procedures, the principal amount of such Securities held for the account by each holder of its participants a Security to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines, provided -------- that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Optional Redemption by Company. (a) Subject to the provisions of this Article XIV, including but not limited to Section 14.02(c), the Company shall have the right to redeem the Securities, in whole or in part, from time to time, on or after the Initial Optional Redemption Date at a the optional redemption price prices set forth below (expressed as percentages of principal) plus accrued and unpaid interest thereon (including Additional Interest and Compounded Interest, if any) to the applicable date of redemption (the "Optional Redemption Price") equal to the percentage of the outstanding principal amount of the Debentures specified below, plus, in each case, accrued interest thereon to the date of redemption ): if redeemed during the 12-month period beginning June 1 March 15 of the years indicated below. 89 Year Percentage 2007 104.085% 105.00 2008 103.677% 104.50 2009 103.268% 104.00 2010 102.860% 103.50 2011 102.451% 103.00 2012 102.043% 102.50 2013 101.634% 102.00 2014 101.226% 101.50 2015 100.817% 101.00 2016 100.409% 100.50 2017 and thereafter 100.000% 100.00 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 the Securities are registered as a Global Security, the Depositary shall determine, in accordance with its procedures, the principal amount of such Securities held for the account of its participants to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Optional Redemption by Company. (a) Subject to the provisions of this Article XIV, the Company shall have the right to redeem the Securities, in whole or in part, from time to time, on or after the Initial Optional Redemption Date Date, at a the redemption price prices set forth below (expressed as percentages of principal) plus, in each case, accrued and unpaid interest thereon (including Additional Sums and Compounded Interest, if any) and Liquidated Damages to the applicable date of redemption (the "Optional Redemption Price") equal to the percentage of the outstanding principal amount of the Debentures specified below, plus, in each case, accrued interest thereon to the date of redemption if redeemed during the 12-month period beginning June February 1 of the years indicated below. 89 Year Percentage YEAR PERCENTAGE ---- ---------- 2007 104.085105.230% 2008 103.677104.707% 2009 103.268104.184% 2010 102.860103.661% 2011 102.451103.138% 2012 102.043102.615% 2013 101.634102.092% 2014 101.226101.569% 2015 100.817101.046% 2016 100.409100.523% 2017 and thereafter 100.000% If the Securities are only partially redeemed pursuant to this Section 14.02, the Securities will be redeemed pro rata PRO RATA or by lot or by any other method utilized by the Trustee; providedPROVIDED, that if at the time of redemption the Securities are registered as a Global Security, the Depositary shall determine, in accordance with its procedures, the principal amount of such Securities held for the account by each holder of its participants a Security to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines, provided PROVIDED that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Optional Redemption by Company. (a) Subject to the provisions of this Article XIV, including but not limited to Section 14.02(c), the Company shall have the right to redeem the Securities, in whole or in part, from time to time, on or after the Initial Optional Redemption Date at a the optional redemption price prices set forth below (expressed as percentages of principal) plus accrued and unpaid interest thereon (including Additional Interest and Compounded Interest, if any) to the applicable date of redemption (the "Optional Redemption Price") equal to the percentage of the outstanding principal amount of the Debentures specified below, plus, in each case, accrued interest thereon to the date of redemption ): if redeemed during the 12-month period beginning June 1 15 of the years indicated below. 89 Year Percentage 2007 104.085% 2008 103.677% 103.83 2009 103.268% 103.44 2010 102.860% 103.06 2011 102.451% 102.67 2012 102.043% 102.30 2013 101.634% 101.91 2014 101.226% 101.53 2015 100.817% 101.15 2016 100.409% 100.77 2017 100.38 2018 and thereafter 100.000% 100.00 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 the Securities are registered as a Global Security, the Depositary shall determine, in accordance with its procedures, the principal amount of such Securities held for the account of its participants to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Optional Redemption by Company. (a) (Subject to the provisions of this Article XIV, the Company shall have the right to redeem the Securities, in whole or in part, from time to time, on or after Initial Optional , ____, at the Redemption Date Price.) (Subject to the provisions of this Article XIV, the Company shall have the right to redeem the Securities, in whole or in part, from time to time, on or after , ____, at a the optional redemption price prices set forth below (ex- pressed as percentages of principal) plus accrued and unpaid interest thereon (including Additional Interest and Compounded Interest, if any) to the appli- cable date of redemption (the "Optional Redemption Price") equal to the percentage of the outstanding principal amount of the Debentures specified below, plus, in each case, accrued interest thereon to the date of redemption if redeemed during the 12-month period beginning June 1 ( ) of the years indicated below. 89 Year Percentage 2007 104.085% 2008 103.677% 2009 103.268% 2010 102.860% 2011 102.451% 2012 102.043% 2013 101.634% 2014 101.226% 2015 100.817% 2016 100.409% 2017 and thereafter 100.000% ---- ----------- 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 -------- the Securities are registered as a Global Security, the Depositary shall determine, in accordance with its procedures, the principal amount of such Securities held for the account by each holder of its participants a Security to be redeemed. The Optional (Optional) Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines, provided that the Company shall deposit with the Trustee an amount -------- sufficient to pay the Optional (Optional) Redemption Price by 10:00 a.m., New York time, on the date such Optional (Optional) Redemption Price is to be paid.

Optional Redemption by Company. (a) Subject to the provisions of this Article XIV, including but not limited to Section 14.2(c), the Company shall have the right to redeem the Securities, in whole or in part, from time to time, on or after the Initial Optional Redemption Date at a the optional redemption price prices set forth below (expressed as percentages of principal) plus accrued and unpaid interest thereon (including Additional Interest and Compounded Interest, if any) to the applicable date of redemption (the "Optional Redemption Price") equal to the percentage of the outstanding principal amount of the Debentures specified below, plus, in each case, accrued interest thereon to the date of redemption ): if redeemed during the 12-month period beginning June 1 30 of the years indicated below. 89 Year Percentage 2007 104.085% 105.113 2008 103.677% 104.601 2009 103.268% 104.090 2010 102.860% 103.579 2011 102.451% 103.068 2012 102.043% 102.556 2013 101.634% 102.045 2014 101.226% 101.534 2015 100.817% 101.023 2016 100.409% 100.511 2017 and thereafter 100.000% 100.00 If the Securities are only partially redeemed pursuant to this Section 14.0214.2, 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 the Securities are registered as a Global Security, the Depositary shall determine, in accordance with its procedures, the principal amount of such Securities held for the account of its participants to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Optional Redemption by Company. (a) Subject to the provisions of this Article XIVFourteen, the Company Com- pany shall have the right to redeem the Securities, in whole or in part, from time to time, on or after Initial Optional Redemption Date December 15, 2006, at a the optional redemption price prices set forth below (expressed as percentages of principal) plus accrued and unpaid interest thereon (including Additional Interest and Compounded Interest, if any) to the applicable date of redemption (the "Optional Redemption Price") equal to the percentage of the outstanding principal amount of the Debentures specified below, plus, in each case, accrued interest thereon to the date of redemption if redeemed during the 12-month period beginning June 1 December 15 of the years indicated below. 89 Year Percentage ---- ---------- 2006 103.875% 2007 104.085103.488% 2008 103.677103.100% 2009 103.268102.713% 2010 102.860102.325% 2011 102.451101.938% 2012 102.043101.550% 2013 101.634101.163% 2014 101.226100.775% 2015 100.817100.388% 2016 100.409% 2017 and thereafter 100.000% ------- 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 the Securities are registered as a Global Security, the Depositary shall determine, in accordance with its procedures, the principal amount of such Securities held for the account by each holder of its participants a Security to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines, provided that the Company shall deposit with the -------- Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.

Optional Redemption by Company. (a) Subject to the provisions of this Article XIV, the Company shall have the right to redeem the Securities, in whole or in part, from time to time, on or after the Initial Optional Redemption Date Date, at a the redemption price prices set forth below (expressed as percentages of principal) plus, in each case, accrued and unpaid interest thereon (including Additional Sums and Compounded Interest, if any) and Liquidated Damages, if any, to the applicable date of redemption (the "Optional Redemption Price") equal to the percentage of the outstanding principal amount of the Debentures specified below, plus, in each case, accrued interest thereon to the date of redemption if redeemed during the 12-month period beginning June 1 of the years indicated below. 89 Year Percentage 2007 104.085105.150% 2008 103.677104.635% 2009 103.268104.120% 2010 102.860103.605% 2011 102.451103.090% 2012 102.043102.575% 2013 101.634102.060% 2014 101.226101.545% 2015 100.817101.030% 2016 100.409100.515% 2017 and thereafter 100.000% 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 the Securities are registered as a Global Security, the Depositary shall determine, in accordance with its procedures, the principal amount of such Securities held for the account by each holder of its participants a Security to be redeemed. The Optional Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid.