Common use of Optional Redemption by Issuer Clause in Contracts

Optional Redemption by Issuer. This Daily Note is subject to redemption upon not less than 30 days' notice by first class mail, at any time, as a whole or in part, at the election of the Issuer, without premium, together with accrued interest to the Redemption Date. Each partial redemption payment shall be made as provided in the Indenture on the Outstanding Securities of this series of the Securities called for redemption.

Optional Redemption by Issuer. This Daily Note is subject to redemption upon not less than 30 days' days notice by first class mail, at any time, as a whole or in part, at the election of the Issuer, without premium, together with accrued interest to the Redemption Datedate fixed for redemption in such notice. Each partial redemption payment shall be made as provided in the Indenture on the Outstanding Securities of this series of the Securities called for redemption.