Common use of Optional Redemption Provisions Clause in Contracts

Optional Redemption Provisions. At any time prior to May 1, 2018 (in the case of the 2018 Notes), February 1, 2023 (in the case of the 2023 Notes) or November 1, 2042 (in the case of the 2043 Notes), as the case may be, the Notes of such series shall be redeemable in whole or in part, at any time or from time to time, at the Company’s option, on at least 30 days’ but not more than 60 days’ prior notice mailed to the registered address of each Holder of Notes to be redeemed, at a redemption price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of each remaining scheduled payment of principal and interest on the Notes to be redeemed (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 5 basis points (in the case of the 2018 Notes), 10 basis points (in the case of the 2023 Notes) or 15 basis points (in the case of the 2043 Notes). At any time on or after February 1, 2023 (in the case of the 2023 Notes) or November 1, 2042 (in the case of the 2043 Notes), as the case may be, the Notes of such series shall be redeemable in whole or in part, at any time, at the Company’s option, on at least 30 days’ but not more than 60 days’ prior notice mailed to the registered address of each Holder of Notes to be redeemed, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed.

Optional Redemption Provisions. At any time prior to May 1December 6, 2018 (in the case of the 2018 Notes), February 1September 15, 2023 (in the case of the 2023 Notes) or November 1), 2042 and June 15, 2043 (in the case of the 2043 Notes), as the case may be, the Notes of such series shall be redeemable in whole or in part, at any time or from time to time, at the Company’s option, on at least 30 days’ but not more than 60 days’ prior notice mailed to the registered address of each Holder of Notes to be redeemed, at a redemption price price, calculated by the Company, equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of each remaining scheduled payment of principal and interest on the Notes to be redeemed (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 5 7 basis points (in the case of the 2018 Notes), 10 15 basis points (in the case of the 2023 Notes) or 15 20 basis points (in the case of the 2043 Notes). At any time on or after February 1September 15, 2023 (in the case of the 2023 Notes) or November 1and June 15, 2042 2043 (in the case of the 2043 Notes), as the case may be, the Notes of such series shall be redeemable in whole or in part, at any time, at the Company’s option, on at least 30 days’ but not more than 60 days’ prior notice mailed to the registered address of each Holder of Notes to be redeemed, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed.

Optional Redemption Provisions. At any time prior to May 1January 12, 2018 2020 (in the case of the 2018 2020 Notes), February 1January 12, 2023 2022 (in the case of the 2023 2022 Notes) or ), November 112, 2042 2024 (in the case of the 2043 2025 Notes), August 12, 2034 (in the case of the 2035 Notes), August 12, 2044 (in the case of the 2045 Notes) and August 12, 2054 (in the case of the 2055 Notes), as the case may be, the Notes of such series shall be redeemable in whole or in part, at any time or from time to time, at the Company’s option, on at least 30 days’ but not more than 60 days’ prior notice mailed to the registered address of each Holder of Notes to be redeemed, at a redemption price price, calculated by the Company, equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of each remaining scheduled payment of principal and interest on the Notes to be redeemed (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 5 7.5 basis points (in the case of the 2018 2020 Notes), 10 basis points (in the case of the 2023 2022 Notes) or 15 ), 12.5 basis points (in the case of the 2043 2025 Notes) 20 basis points (in the case of the 2035 Notes), 20 basis points (in the case of the 2045 Notes) or 25 basis points (in the case of the 2055 Notes). At any time on or after February 1January 12, 2023 2020 (in the case of the 2023 2020 Notes) or November 1), 2042 January 12, 2022 (in the case of the 2043 2022 Notes), November 12, 2024 (in the case of the 2025 Notes), August 12, 2034 (in the case of the 2035 Notes), August 12, 2044 (in the case of the 2045 Notes) and August 12, 2054 (in the case of the 2055 Notes), as the case may be, the Notes of such series shall be redeemable in whole or in part, at any time, at the Company’s option, on at least 30 days’ but not more than 60 days’ prior notice mailed to the registered address of each Holder of Notes to be redeemed, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed.

Optional Redemption Provisions. At any time prior to May 1November 3, 2018 (in the case of the 2018 Notes), February 1October 3, 2023 2020 (in the case of the 2023 2020 Notes) or November 1), 2042 September 3, 2022 (in the case of the 2043 2022 Notes), August 3, 2025 (in the case of the 2025 Notes), May 3, 2035 (in the case of the 2035 Notes), May 3, 2045 (in the case of the 2045 Notes) and May 3, 2055 (in the case of the 2055 Notes), as the case may be, the Notes of such series shall be redeemable in whole or in part, at any time or from time to time, at the Company’s option, on at least 30 days’ but not more than 60 days’ prior notice mailed to the registered address of each Holder of Notes to be redeemed, at a redemption price price, calculated by the Company, equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of each remaining scheduled payment of principal and interest on the Notes to be redeemed (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 5 basis points (in the case of the 2018 Notes), 10 7.5 basis points (in the case of the 2023 2020 Notes), 12.5 basis points (in the case of the 2022 Notes) or 15 basis points (in the case of the 2043 2025 Notes), 20 basis points (in the case of the 2035 Notes), 25 basis points (in the case of the 2045 Notes) or 30 basis points (in the case of the 2055 Notes). At any time on or after February 1October 3, 2023 2020 (in the case of the 2023 2020 Notes) or November 1), 2042 September 3, 2022 (in the case of the 2043 2022 Notes), August 3, 2025 (in the case of the 2025 Notes), May 3, 2035 (in the case of the 2035 Notes), May 3, 2045 (in the case of the 2045 Notes) and May 3, 2055 (in the case of the 2055 Notes), as the case may be, the Notes of such series shall be redeemable in whole or in part, at any time, at the Company’s option, on at least 30 days’ but not more than 60 days’ prior notice mailed to the registered address of each Holder of Notes to be redeemed, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed.