Common use of Optional Redemption Clause in Contracts

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. To the extent permitted under the 1940 Act and Maryland law, the Company at its option may redeem Tortoise Notes having a Rate Period of one year or less, in whole or in part, out of funds legally available therefor, on the Interest Payment Date upon not less than 15 days' and not more than 40 days' prior notice. This optional redemption is not available during the initial Rate Period or during any period during which the Company does not have the option to redeem Tortoise Notes. The Securities will optional redemption price shall be subject equal to redemption the aggregate principal amount of the Tortoise Notes to be redeemed, plus an amount equal to accrued interest to the date fixed for redemption. Tortoise Notes having a Rate Period of more than one year are redeemable at the option of the Company on any date prior to the maturity dateCompany, in whole or in part, out of funds legally available therefor, prior to the end of the relevant Rate Period, upon not less than 15 days' and not more than 40 days' prior notice, subject to any Specific Redemption Provisions, which may include the payment of redemption premiums. The Company shall not effect any optional redemption unless after giving effect thereto (1) the Company has available on such date fixed for the redemption certain Deposit Securities with maturity or tender dates not later than the day preceding the applicable redemption date and having a value not less than the amount (including any applicable premium) due to Holders of a series of Tortoise Notes by reason of the redemption of a series of Tortoise Notes and (2) the Company would have Eligible Assets with an aggregate Discounted Value at least equal to the Tortoise Notes Basic Maintenance Amount immediately subsequent to such redemption. The Company also reserves the right to repurchase Tortoise Notes in market or other transactions from time to time in part, in $1,000 increments (provided accordance with applicable law and at a price that any remaining principal amount thereof shall may be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not more or less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities the Tortoise Notes, but is under no obligation to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securitiesdo so.

Optional Redemption. The Securities Notes will be subject to redemption redeemable at the option of the Company on any date prior to the maturity dateCompany, in whole at any time or in part from time to time in parttime, in $1,000 increments (provided that any remaining principal amount thereof shall be on at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof 30 but not less than 30 days nor more than 90 days 60 days’ prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable notice, at a redemption price Redemption Price equal to the greater of the following amounts: (i) 100% of the their principal amount of such Securities to be redeemed and amount; or (ii) as determined by the Quotation Agent and delivered present value of the Remaining Scheduled Payments on the Notes being redeemed on the Redemption Date, discounted to the Trustee Redemption Date, on a semiannual basis, at the Treasury Rate plus 25 basis points (0.25%), plus, in writingeach case, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid interest on the Notes to and including the Redemption Date) discounted from their scheduled date of payment to . In determining the Redemption Date (assuming Price and accrued interest, interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II Selection of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions thereof for redemption pursuant to the foregoing shall be made by the Trustee only on a pro rata basis or on as nearly a pro rata basis as is practicable (subject to the procedures of The Depository Trust Company), unless such method is otherwise prohibited. Notice of redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder whose Securities shall cease are to be redeemed at the registered address of such Holder. Securities in denominations larger than $1,000 may be redeemed in part. On and after the redemption date, interest ceases to accrue on and after the Redemption DateSecurities or portions thereof called for redemption, unless provided that if the Company shall default in the payment of any such Securities at the redemption price and together with accrued interest, interest with respect shall continue to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to accrue at the rate borne by the Securities.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 30 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Second Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 25 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third First Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be of this series are subject to redemption redemption, at the option of the Company on any date prior to the maturity date, in whole time or from time to time time, as a whole or in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof)election of the Company. If the Securities of this series are redeemed, on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price will equal to the greater sum of (i) 100% of the principal amount of the Securities (or portion of such Securities Securities) being redeemed plus accrued and unpaid interest thereon to be redeemed but excluding the redemption date and (ii) as determined by the Quotation Agent and delivered to Make-Whole Amount, if any; provided, however, that if the Trustee in writingSecurities are redeemed on or after the Par Call Date, the sum redemption price will equal 100% of the present values principal amount of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date Securities (excluding the or portion of interest that will be such Securities) being redeemed plus accrued and unpaid interest thereon to and including but excluding the Redemption Date) discounted from their scheduled redemption date. Notwithstanding the foregoing, the Company will pay any interest installment due on an Interest Payment Date which occurs on or prior to a redemption date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II Holders of the Third Supplemental Indenture. If the giving Notes as of the notice close of redemption is completed as provided in business on the Indenture, interest on Notes Regular Record Date immediately preceding such Securities or portions of Securities shall cease to accrue on and after the Redemption Interest Payment Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not calculate the redemption price. The election to redeem the Securities may be required to make mandatory evidenced by either a Board Resolution or an Officers’ Certificate. In the event of redemption of this Security in part only, a new Security or sinking fund payments with respect to Securities of this series and of like tenor for the Securitiesunredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.

Optional Redemption. The Securities will be subject to redemption at the option provisions of Article Eleven of the Company on any date prior Indenture shall apply to this Note, as supplemented or amended by the maturity datefollowing paragraphs. The Operating Partnership may, at its option, redeem the Notes, in whole at any time or in part from time to time in parttime, in $1,000 increments (provided that any remaining principal amount thereof shall be each case upon notice at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof 15 days but not less than 30 days nor more than 90 60 days prior to the date fixed for redemption in such notice (the “Redemption Par Call Date”). The Securities will be redeemable , at a redemption price Redemption Price equal to the greater of (i) 100% of the principal amount of such Securities the Notes to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee Make Whole Amount, plus in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the each case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon accrued to, but not including, the applicable Redemption Date. In addition, at any time on or after the Par Call Date, the Operating Partnership may, at its option, redeem the Notes prior to maturity, in whole at any time or in part from time to time, at a Redemption Price equal to 100% of the principal amount of the Notes to be redeemed plus unpaid interest, if any, accrued to, but not including, the applicable Redemption Date. Notwithstanding the foregoing, the Operating Partnership will pay any interest installment due on an Interest Payment Date that falls on or prior to the Redemption Date to the Holders of the Notes as of the close of business on the Regular Record Date immediately preceding such Interest Payment Date. This Security is also subject to In the case of any partial redemption of the Notes, selection of the Notes for redemption will be made by the Trustee by such method as the Trustee in its sole discretion deems fair and appropriate, in accordance with methods generally used at the time of selection by fiduciaries in similar circumstances. A new Note in principal amount equal to the extent provided unredeemed portion thereof will be issued in Article II the name of the Third Supplemental Indenture. If the giving Holder thereof upon cancellation of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securitiesthis Note.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 40 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Fourth Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable , at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingTrustee, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 20 basis pointspoints (such greater amount is referred to herein as the “Redemption Price”), plus, in either the case of clause (i) or clause (ii), accrued and unpaid interestinterest and Special Interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II XIV of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price Redemption Price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. To the extent permitted under the 1940 Act and Maryland law, the Company at its option may redeem Tortoise Notes having a Rate Period of one year or less, in whole or in part, out of funds legally available therefor, on the Interest Payment Date upon not less than 15 days’ and not more than 40 days’ prior notice. This optional redemption is not available during the initial Rate Period or during any period during which the Company does not have the option to redeem Tortoise Notes. The Securities will optional redemption price shall be subject equal to redemption the aggregate principal amount of the Tortoise Notes to be redeemed, plus an amount equal to accrued interest to the date fixed for redemption. Tortoise Notes having a Rate Period of more than one year are redeemable at the option of the Company on any date prior to the maturity dateCompany, in whole or in part, out of funds legally available therefor, prior to the end of the relevant Rate Period, upon not less than 15 days’ and not more than 40 days’ prior notice, subject to any Specific Redemption Provisions, which may include the payment of redemption premiums. The Company shall not effect any optional redemption unless after giving effect thereto (1) the Company has available on such date fixed for the redemption certain Deposit Securities with maturity or tender dates not later than the day preceding the applicable redemption date and having a value not less than the amount (including any applicable premium) due to Holders of a series of Tortoise Notes by reason of the redemption of a series of Tortoise Notes and (2) the Company would have Eligible Assets with an aggregate Discounted Value at least equal to the Tortoise Notes Basic Maintenance Amount immediately subsequent to such redemption. The Company also reserves the right to repurchase Tortoise Notes in market or other transactions from time to time in part, in $1,000 increments (provided accordance with applicable law and at a price that any remaining principal amount thereof shall may be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not more or less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities the Tortoise Notes, but is under no obligation to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securitiesdo so.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 50 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Fifth Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will shall be subject to redemption redeemable at the option of the Company on at any date prior to the maturity date, in whole or time and from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the a “Redemption Date”). The Securities will be redeemable , in whole or in part, at a redemption price (the “Redemption Price”) equal to the greater sum of (i) 100% of the principal amount of such the Securities to be being redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon up to but excluding the Redemption Date and (ii) the Make Whole Amount (as defined below), if any. If the Company has given notice as provided in the Indenture and funds for the redemption of the Securities called for redemption have been made available on the Redemption Date, such Securities shall cease to bear interest on the Redemption Date. Thereafter, the only right of the holders of the Securities shall be to receive payment of the Redemption Price. The Company shall give notice of any optional redemption to holders of the Security at their addresses, as shown in the security register for the Securities, not more than 45 nor less than 30 days prior to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the The notice of redemption is completed as provided in shall specify, among other items, the IndentureRedemption Price and the principal amount of the Securities held by such holder to be redeemed. If less than all of the Securities are to be redeemed, interest on such the Company shall give the Trustee at least 60 days’ prior notice of the Redemption Date and of the aggregate principal amount of the Securities to be redeemed, and the Trustee shall select the Securities or portions of Securities to be redeemed either pro rata or by such method as the Trustee shall cease deem fair and appropriate; provided that if, at the time of redemption, such Securities are registered as Global Securities, the Depository shall determine, in accordance with its procedures, the principal amount of such Securities held by each owner of beneficial interests in Global Securities to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereofbe redeemed. The Company shall not be required to make mandatory Trustee may select for redemption or sinking fund payments with respect to the SecuritiesSecurities and portions of Securities in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof.

Optional Redemption. The Securities will be subject to redemption at the option of the Company Issuers on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 50 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company Issuers shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company Issuers shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be Notes are subject to redemption at upon not less than 10 or more than 60 days’ notice to the option Holders of the Company on Notes to be redeemed as provided in the Indenture, at any date prior to the maturity date, in whole time or from time to time prior to the Par Call Date as a whole or in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof)election of the Partnership, on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price Redemption Price equal to the greater of of: (i) 100% of the principal amount of such Securities the Notes to be redeemed redeemed, plus accrued and unpaid interest to the Redemption Date and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingAgent, the sum of the present values of the remaining scheduled payments of principal of and interest thereon on the Notes to be redeemed that but for the redemption would be due on any date after the Redemption Date through the Par Call Date, assuming the Notes matured on the Par Call Date (excluding the not including any portion of payments of interest that will be accrued and unpaid to and including as of the Redemption Date) discounted from their scheduled date of payment to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate Rate, plus 35 25 basis points, plus, in either the case of clause (i) or clause (ii), points plus accrued and unpaid interestinterest to the Redemption Date. In addition, if anythe Notes are subject to redemption upon not less than 10 or more than 60 days’ notice to the Holders of the Notes to be redeemed as provided in the Indenture, at any time or from time to time on or after the Par Call Date, in whole or in part, at the election of the Partnership, at a Redemption Price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon to the Redemption Date. This If less than all the Notes are to be redeemed, selection of Notes for redemption will be made [Insert for Global Notes – by the Depositary by lot or other means in accordance with the Depositary’s procedures] [Insert for a Definitive Security is also subject to redemption to - by the extent provided Trustee in Article II such manner as it shall deem appropriate and fair]. Unless the Partnership defaults in payment of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenturesuch Redemption Price, interest on such Securities or portions of Securities shall cease to accrue on from and after the Redemption Date, unless the Company shall default Notes or portions thereof called for redemption will cease to bear interest, and the Holders thereof will have no right in respect of such Notes except the payment of any such redemption price and accrued interest with respect right to any such Security or portion receive the Redemption Price thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be Notes are subject to redemption at upon not less than 30 or more than 60 days’ notice to the option Holders of the Company on Notes to be redeemed as provided in the Indenture, at any date prior to the maturity date, in whole time or from time to time prior to August 15, 2021, as a whole or in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof)election of the Company, on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price Redemption Price equal to the greater of of: (i) 100% of the principal amount of such Securities the Notes being redeemed, plus accrued interest to be redeemed the Redemption Date and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingAgent, the sum of the present values of the remaining scheduled payments of principal of and interest thereon due on the Notes to be redeemed (not including any date after the Redemption Date (excluding the portion of payments of interest that will be accrued and unpaid to and including as of the Redemption Date) discounted from their scheduled date of payment to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate Rate, plus 35 30 basis points, plus, in either the case of clause (i) or clause (ii), points plus accrued and unpaid interest, if any, thereon interest to the Redemption Date. This Security is also In addition, the Notes are subject to redemption upon not less than 30 or more than 60 days’ notice to the extent provided in Article II Holders of the Third Supplemental Indenture. If the giving of the notice of redemption is completed Notes to be redeemed as provided in the Indenture, at any time or from time to time on or after August 15, 2021, as a whole or in part, at the election of the Company, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed, plus accrued interest to the Redemption Date If less than all the Notes are to be redeemed, selection of Notes for redemption will be made by the Trustee on a pro rata basis or by lot (whichever is consistent with the Trustee’s customary practice). Unless the Company defaults in payment of such Securities or portions of Securities shall cease to accrue on Redemption Price, from and after the Redemption Date, unless the Company shall default Notes or portions thereof called for redemption will cease to bear interest, and the Holders thereof will have no right in respect of such Notes except the payment of any such redemption price and accrued interest with respect right to any such Security or portion receive the Redemption Price thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be Bonds maturing on or before September 1, 20 are not subject to optional call and redemption prior to maturity. The Bonds maturing on and after September 1, 20 may be redeemed at the option of the Company Authority, from any source of available funds, prior to maturity on any date prior on or after September 1, 20 as a whole, or in part from maturities of the Local Obligations simultaneously redeemed, if any redemption of Local Obligations is being made in conjunction with such optional redemption, and otherwise from such maturities as are selected by the Authority, by lot within a maturity, at a redemption price equal to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof to be redeemed, together with accrued interest to the date of redemption, without premium. Prior to consenting to the optional redemption of any Local Obligation which it has purchased and is held under this Indenture, the Authority shall deliver to the Trustee a certificate of an Independent Accountant verifying that, following such optional redemption of the Local Obligations and redemption of Bonds, the principal and interest generated from the remaining Local Obligations is adequate to make the timely payment of principal and interest due on the Bonds remaining Outstanding following such optional redemption. The Authority shall be required to give the Trustee written notice of its intention to redeem Bonds under this Section (a) at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 forty-five (45) days prior to the date fixed for redemption in (or such notice (the “Redemption Date”). The Securities will lesser number of days as shall be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered acceptable to the Trustee and which would allow the Trustee to comply with the requirements of Section 2.2(d), in writing, the sum sole determination of the present values Trustee, such notice intended for the convenience of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (iiTrustee), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. 2 The Issuer may redeem the Securities will be subject to redemption at the option of the Company any time on any date prior to the maturity dateor after , , in whole or from time to time in part, in $1,000 increments at the following redemption prices (provided that any remaining expressed as a percentage of their principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior amount) together with interest accrued and unpaid to the date fixed for redemption: If redeemed during the twelve-month period commencing on and ending on in each of the following years Percentage [Insert provisions relating to redemption at option of Holders, if any] If less than all the Securities are to be redeemed, the Trustee shall select the Securities to be redeemed, if the Securities are listed on a national securities exchange, in accordance with the rules of such notice (exchange, or if the “Redemption Date”)Securities are not so listed, on either a pro rata basis or by lot or by such method as the Trustee shall deem fair and appropriate. The Trustee shall make the selection from Securities will outstanding and not previously called for redemption. Securities in denominations of $2,000 may only be redeemable at a redeemed in whole. The Trustee may select for redemption price portions (equal to the greater $2,000 or any integral multiple of (i$1,000 thereof) 100% of the principal amount of such Securities that have denominations larger than $2,000. Notice of redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder whose Securities are to be redeemed at the registered address of such Holder. On and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding redemption dates interest ceases to accrue on the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after thereof called for redemption, provided that if the Redemption Date, unless the Company Issuer shall default in the payment of any such Securities at the redemption price and together with accrued interest, interest with respect shall continue to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to accrue at the rate borne by the Securities.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date prior to the their maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given notice, sent by first class mail, to the Securityholders thereof not less than 30 days nor more than 90 60 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Prior to March 15, 2023, the Securities will be redeemable at a redemption price Redemption Price equal to the greater of (i) 100% of the principal amount of such the Securities to be redeemed redeemed, and (ii) an amount, as determined by the Quotation Agent and delivered to the Trustee in writingTrustee, equal to the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate Rate, plus 35 15 basis points, plus, in either the case of clause (i) or clause (ii), plus accrued and unpaid interest, if any, thereon to to, but excluding, the Redemption Date. This Security is In addition, the Securities will be redeemable on or after March 15, 2023 at a Redemption Price equal to 100% of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. The Securities are also subject to redemption to the extent provided in Article II XIV of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price Redemption Price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable , at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingTrustee, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 30 basis pointspoints (such greater amount is referred to herein as the “Redemption Price”), plus, in either the case of clause (i) or clause (ii), accrued and unpaid interestinterest and Special Interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II XIV of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price Redemption Price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject Company may, at its option, redeem the Notes at any time or from time to redemption at the option of the Company on any date prior to the maturity datetime, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities redemption price will be redeemable at a redemption price equal to the greater of the following amounts: (i) 100% of their principal amount of the Notes being redeemed; and (ii) the present value of the Remaining Scheduled Payments on the Notes being redeemed on the redemption date, discounted to the redemption date, on a semiannual basis, at the Treasury Rate plus 50 basis points (0.50%). At any time on or after December 1, 2026 (six months prior to the maturity date of the Notes), the Company may redeem the Notes, in whole at any time or in part from time to time, at 100% of the principal amount of such Securities the Notes to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingredeemed, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be plus accrued and unpaid interest to and including the Redemption Date) discounted from their scheduled date of payment redemption. The Company will also pay accrued and unpaid interest on such Notes to the Redemption Date (assuming redemption date. In determining the redemption price and accrued interest, interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months. Notice of redemption may state that the redemption is conditioned upon the occurrence of other events, and will be mailed by first class mail (or delivered electronically in accordance with the procedures of the Depositary) at least 30 days but not more than 60 days before the Adjusted Redemption Treasury Rate plus 35 basis points, plus, redemption date to each Holder of Notes to be redeemed at its registered address (with a copy to the Trustee). Notes in either denominations larger than $2,000 may be redeemed in part. On and after the case redemption date interest ceases to accrue on Notes or portions of clause them called for redemption so long as the Issuer has deposited with the paying agent for such Notes funds in satisfaction of the redemption price (i) or clause (ii), including accrued and unpaid interest, if any, thereon interest on such Notes to the Redemption Date. This Security is also subject be redeemed) pursuant to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless provided that if the Company shall default in the payment of any such Notes at the redemption price and together with accrued interest, interest with respect shall continue to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to accrue at the Securitiesrate borne by the Notes.

Optional Redemption. The Securities will be subject to redemption redeemable, in whole or in part, at the option of the Company Operating Partnership at any time, upon not less than 30 and not more than 60 days' notice mailed to each Holder of the Securities to be redeemed at the Holder's address appearing in the Security Register, on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable Maturity at a redemption price Redemption Price equal to the greater of (i) 100% of the principal amount of such the Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered an amount equal to the Trustee in writing, the sum of the present values of the remaining scheduled payments of for principal and interest thereon due on the Securities to be redeemed, not including any date after portion of the payments of interest accrued as of such Redemption Date, discounted to such Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate Rate, plus 35 25 basis points, plus, ; plus in either the case of clause (i) or clause (ii)each case, accrued and unpaid interest, if any, thereon interest on the Securities to the be redeemed to such Redemption Date. This Security is also subject to redemption to The Operating Partnership shall notify the extent provided in Article II Trustee of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments Price with respect to the Securitiesforegoing redemption promptly after the calculation thereof. The Trustee shall not be responsible for calculating said Redemption Price. The Operating Partnership has no obligation to redeem or purchase any Securities pursuant to any sinking fund or analogous requirement, or (except as provided in Article V) upon the happening of a specified event, or at the option of a Holder thereof.

Optional Redemption. The Company may redeem the Securities will be subject at any time or from time to redemption at the option of the Company on any date prior to the maturity datetime, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days . The redemption price for Securities redeemed prior to the date fixed for redemption in such notice September 15, 2026 (the “Redemption Par Call Date”). The Securities ) will be redeemable at a redemption price equal to the greater of the following amounts: (i) 100% of their principal amount; and (ii) the present value of the Remaining Scheduled Payments on the Securities being redeemed that would be due if the Securities matured on the Par Call Date, discounted to the redemption date, on a semiannual basis, at the Treasury Rate plus 10 basis points (0.100%), plus, in each case, accrued and unpaid interest on such Securities to the redemption date. The redemption price for Securities redeemed on or after the Par Call Date will be equal to 100% of the principal amount of the Securities being redeemed, plus accrued and unpaid interest on such Securities to the redemption date. In determining the redemption price and accrued interest, interest shall be redeemed and (ii) as determined by calculated on the Quotation Agent and delivered to the Trustee in writing, the sum basis of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice Notice of redemption is completed as provided will be mailed at least 15 days but not more than 60 days before the redemption date to each Holder of Securities to be redeemed at its registered address. Securities in denominations larger than $2,000 may be redeemed in part. On and after the Indenture, redemption date interest ceases to accrue on such Securities or portions of Securities shall cease to accrue on and after the Redemption Datethem called for redemption, unless provided that if the Company shall default in the payment of any such Securities at the redemption price and together with accrued interest, interest with respect shall continue to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to accrue at the rate borne by the Securities.

Optional Redemption. The Securities will be subject Prior to redemption at the option of February 15, 2007, the Company cannot redeem the Securities. The Company may, on or after February 15, 2007, at its option, redeem the Securities in whole or in part on any date prior to the maturity date, in whole or from time to time in parttime, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written upon notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to Holders as provided in the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable Indenture, at a redemption price price, payable in cash, equal to the greater of (i) 100% of the principal amount of such the Securities redeemed plus accrued and unpaid interest (including any Liquidated Damages), if any, to but excluding the date of redemption. If fewer than all the Securities are to be redeemed, the Trustee shall select the particular Securities to be redeemed and (ii) as determined from the Outstanding Securities by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed methods as provided in the Indenture. If any Security selected for partial redemption is converted in part before termination of the conversion right with respect to the portion of the Security so selected, the converted portion of such Security shall be deemed to be the portion selected for redemption (provided, however, that the Holder of such Security so converted and deemed redeemed shall not be entitled to any additional interest payment as a result of such deemed redemption than such Holder would have otherwise been entitled to receive upon conversion of such Security). Securities which have been converted during a selection of Securities to be redeemed may be treated by the Trustee as Outstanding for the purpose of such selection. On and after the redemption date, interest ceases to accrue on such Securities or portions of Securities shall cease to accrue on and after the Redemption Datecalled for redemption, unless the Company shall default defaults in the payment of any such the redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securitiesand unpaid interest.

Optional Redemption. The Securities will be Notes are subject to redemption at upon not less than 10 or more than 60 days’ notice to the option Holders of the Company on Notes to be redeemed as provided in the Indenture, at any date prior to the maturity date, in whole time or from time to time prior to the Par Call Date as a whole or in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof)election of the Partnership, on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price Redemption Price equal to the greater of of: (i) 100% of the principal amount of such Securities the Notes to be redeemed redeemed, plus accrued and unpaid interest to the Redemption Date and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingAgent, the sum of the present values of the remaining scheduled payments of principal of and interest thereon on the Notes to be redeemed that but for the redemption would be due on any date after the Redemption Date through the Par Call Date, assuming the Notes matured on the Par Call Date (excluding the not including any portion of payments of interest that will be accrued and unpaid to and including as of the Redemption Date) discounted from their scheduled date of payment to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate Rate, plus 35 30 basis points, plus, in either the case of clause (i) or clause (ii), points plus accrued and unpaid interestinterest to the Redemption Date. In addition, if anythe Notes are subject to redemption upon not less than 10 or more than 60 days’ notice to the Holders of the Notes to be redeemed as provided in the Indenture, at any time or from time to time on or after the Par Call Date, in whole or in part, at the election of the Partnership, at a Redemption Price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon to the Redemption Date. This Security is also subject If less than all the Notes are to be redeemed, selection of Notes for redemption to will be made [Insert for Global Notes – by the extent provided Depositary by lot or other means in Article II accordance with the Depositary’s procedures] [Insert for a Definitive Security—by the Trustee in such manner as it shall deem appropriate and fair]. Unless the Partnership defaults in payment of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenturesuch Redemption Price, interest on such Securities or portions of Securities shall cease to accrue on from and after the Redemption Date, unless the Company shall default Notes or portions thereof called for redemption will cease to bear interest, and the Holders thereof will have no right in respect of such Notes except the payment of any such redemption price and accrued interest with respect right to any such Security or portion receive the Redemption Price thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject to redemption at Company may redeem the option of the Company on any date prior to the maturity dateSecurities, in whole or in part (equal to an integral multiple of $1,000; provided that these Securities shall not be in denominations of less than $2,000), at its option at any time and from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”)time. The Redemption Price for the Securities to be redeemed will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such the Securities to be redeemed and redeemed, or (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of interest and principal on the Securities to be redeemed (exclusive of interest accrued and interest thereon due on any date after unpaid to, but excluding, the Redemption Date (excluding and assuming the portion of interest that will be accrued and unpaid to and including Securities called for redemption matured on the Redemption applicable Par Call Date) discounted from their scheduled date of payment to the Redemption Date (on a semi-annual basis, assuming a 360-day year consisting of twelve 30-day months) , at the Adjusted Redemption Treasury Rate plus 35 15 basis points, plus, in either the case of clause (i) or clause (ii), plus accrued and unpaid interestinterest to, but excluding, the Redemption Date. The principal amount of a Security remaining outstanding after a redemption in part shall be $2,000 or an integral multiple of $1,000 in excess thereof. Notice of redemption shall be mailed (or otherwise transmitted in accordance with the procedures of The Depository Trust Company (“DTC”)) to each registered Holder of the Securities to be redeemed at least 10 days, and not more than 60 days (except that notices of redemption may be mailed (or otherwise transmitted in accordance with DTC procedures) more than 60 days prior to a Redemption Date if anyissued in connection with a defeasance of the applicable Securities or a satisfaction and discharge of the Indenture), thereon prior to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the Once notice of redemption is completed as provided mailed (or otherwise transmitted in accordance with the Indentureprocedures of DTC), the Securities called for redemption shall become due and payable on the Redemption Date and at the Redemption Price, plus accrued and unpaid interest on such Securities or portions of Securities shall cease to accrue on and after to, but excluding, the Redemption Date. Commencing on the applicable Par Call Date, unless the Company shall default Securities are redeemable at the option of the Company, at any time in whole or from time to time in part, at a Redemption Price equal to 100% of the payment principal amount of any such redemption price the Securities being redeemed, plus accrued and accrued unpaid interest with respect on the Securities to any such Security or portion thereofbe redeemed to, but excluding, the Redemption Date. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to For purposes of this paragraph, the Securities.following definitions are applicable:

Optional Redemption. The Securities will be subject Company may, at its option, redeem the Notes at any time or from time to redemption at the option of the Company on any date prior to the maturity datetime, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities redemption price will be redeemable at a redemption price equal to the greater of the following amounts: (i) 100% of their principal amount of the Notes being redeemed; and (ii) the present value of the Remaining Scheduled Payments on the Notes being redeemed on the redemption date, discounted to the redemption date, on a semiannual basis, at the Treasury Rate plus 50 basis points (0.50%). At any time on or after December 15, 2027 (six months prior to the maturity date of the Notes), the Company may redeem the Notes, in whole at any time or in part from time to time, at 100% of the principal amount of such Securities the Notes to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingredeemed, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be plus accrued and unpaid interest to and including the Redemption Date) discounted from their scheduled date of payment redemption. The Company will also pay accrued and unpaid interest on such Notes to the Redemption Date (assuming redemption date. In determining the redemption price and accrued interest, interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months. Notice of redemption may state that the redemption is conditioned upon the occurrence of other events, and will be mailed by first class mail (or delivered electronically in accordance with the procedures of the Depositary) at least 30 days but not more than 60 days before the Adjusted Redemption Treasury Rate plus 35 basis points, plus, redemption date to each Holder of Notes to be redeemed at its registered address (with a copy to the Trustee). Notes in either denominations larger than $2,000 may be redeemed in part. On and after the case redemption date interest ceases to accrue on Notes or portions of clause them called for redemption so long as the Company has deposited with the paying agent for such Notes funds in satisfaction of the redemption price (i) or clause (ii), including accrued and unpaid interest, if any, thereon interest on such Notes to the Redemption Date. This Security is also subject be redeemed) pursuant to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless provided that if the Company shall default in the payment of any such Notes at the redemption price and together with accrued interest, interest with respect shall continue to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to accrue at the Securitiesrate borne by the Notes.

Optional Redemption. The Securities will be subject If specified in the applicable prospectus supplement, we may elect to redemption at the option redeem all or part of the Company on any date prior to the maturity date, in whole or outstanding debt securities of a series from time to time before the maturity date of the debt securities of that series. Upon such election, we will notify the indenture trustee of the redemption date and the principal amount of debt securities of the series to be redeemed. If less than all the debt securities of the series are to be redeemed, the particular debt securities of that series to be redeemed will be selected by the depositary in partaccordance with its procedures. The applicable prospectus supplement will specify the redemption price for the debt securities to be redeemed (or the method of calculating such price), in $1,000 increments (provided that any remaining principal amount thereof shall each case in accordance with the terms and conditions of those debt securities. Notice of redemption will be at least the minimum authorized denomination thereof), on written notice given to each holder of the Securityholders thereof debt securities to be redeemed not less than 30 days nor more than 90 60 days prior to the date fixed set for such redemption. This notice will include the following information, as applicable: the redemption in such notice (date; the “Redemption Date”). The Securities will be redeemable at a redemption price equal to (or the greater method of (i) 100% calculating such price); if less than all of the principal amount outstanding debt securities of such Securities series are to be redeemed, the identification (and, in the case of partial redemption, the respective principal amounts) of the particular debt securities to be redeemed; that on the redemption date the redemption price will become due and payable upon each security to be redeemed and, if applicable, that interest thereon will cease to accrue after such date; the place or places where such debt securities are to be surrendered for payment of the redemption price; and that the redemption is for a sinking fund, if such is the case. Prior to any redemption date, we will deposit or cause to be deposited with the indenture trustee or with a paying agent (or, if we are acting as our own paying agent with respect to the debt securities being redeemed, we will segregate and hold in trust as provided in the applicable indenture) an amount of money sufficient to pay the aggregate redemption price of, and (iiexcept if the redemption date shall be an interest payment date or the debt securities of such series provide otherwise) as determined by accrued interest on, all of the Quotation Agent and delivered debt securities or the part thereof to be redeemed on that date. On the Trustee in writingredemption date, the sum redemption price will become due and payable upon all of the present values of the remaining scheduled payments of principal debt securities to be redeemed, and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon on the debt securities to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall be redeemed will cease to accrue on from and after the Redemption Date, unless the Company shall default in the payment that date. Upon surrender of any such debt securities for redemption, we will pay those debt securities surrendered at the redemption price and together, if applicable, with accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securitiesredemption date. Any debt securities to be redeemed only in part must be surrendered at the office or agency established by us for such purpose, and we will execute, and the indenture trustee will authenticate and deliver to a holder without service charge, new debt securities of the same series and of like tenor, of any authorized denominations as requested by that holder, in a principal amount equal to and in exchange for the unredeemed portion of the debt securities that holder surrenders.

Optional Redemption. The Offered Securities will be subject to redemption at the option of the Company on any date Redemption Date prior to the their maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days 60 days’ prior notice mailed to the date fixed for redemption in such notice (holders of Offered Securities to be redeemed. Prior to March 15, 2023, the “Redemption Date”). The Offered Securities will be redeemable at a redemption price Redemption Price equal to the greater of (i) 100% of the principal amount of such the Offered Securities to be redeemed redeemed, and (ii) an amount, as determined by the Quotation Agent and delivered to the Trustee in writingTrustee, equal to the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 15 basis points, points plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to to, but excluding, the Redemption Date. This Security is also subject In addition, the Offered Securities will be redeemable on or after March 15, 2023 at a Redemption Price equal to redemption to the extent provided in Article II 100% of the Third Supplemental Indenture. If the giving principal amount of the notice of redemption is completed as provided in the IndentureOffered Securities to be redeemed, interest on such Securities or portions of Securities shall cease to accrue on plus accrued and after unpaid interest, if any, to, but excluding, the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable , at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingTrustee, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 25 basis pointspoints (such greater amount is referred to herein as the “Redemption Price”), plus, in either the case of clause (i) or clause (ii), accrued and unpaid interestinterest and Special Interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II XIV of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price Redemption Price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Company may redeem the Securities will be subject at any time or from time to redemption at the option of the Company on any date prior to the maturity datetime, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days . The redemption price for Securities redeemed prior to the date fixed for redemption in such notice September 15, 2024 (the “Redemption Par Call Date”). The Securities ) will be redeemable at a redemption price equal to the greater of the following amounts: (i) 100% of their principal amount; and (ii) the present value of the Remaining Scheduled Payments on the Securities being redeemed that would be due if the Securities matured on the Par Call Date, discounted to the redemption date, on a semiannual basis, at the Treasury Rate plus 20 basis points (0.20%), plus, in each case, accrued and unpaid interest on such Securities to the redemption date. The redemption price for Securities redeemed on or after the Par Call Date will be equal to 100% of the principal amount of the Securities being redeemed, plus accrued and unpaid interest on such Securities to the redemption date. In determining the redemption price and accrued interest, interest shall be redeemed and (ii) as determined by calculated on the Quotation Agent and delivered to the Trustee in writing, the sum basis of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice Notice of redemption is completed as provided will be mailed at least 15 days but not more than 60 days before the redemption date to each Holder of Securities to be redeemed at its registered address. Securities in denominations larger than $2,000 may be redeemed in part. On and after the Indenture, redemption date interest ceases to accrue on such Securities or portions of Securities shall cease to accrue on and after the Redemption Datethem called for redemption, unless provided that if the Company shall default in the payment of any such Securities at the redemption price and together with accrued interest, interest with respect shall continue to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to accrue at the rate borne by the Securities.

Optional Redemption. The Securities will be subject Company may, at its option, redeem the Notes at any time or from time to redemption at the option of the Company on any date prior to the maturity datetime, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities redemption price will be redeemable at a redemption price equal to the greater of the following amounts: (i) 100% of their principal amount of the Notes being redeemed; and (ii) the present value of the Remaining Scheduled Payments on the Notes being redeemed on the redemption date, discounted to the redemption date, on a semiannual basis, at the Treasury Rate plus 50 basis points (0.50%). At any time on or after June 1, 2021 (30 days prior to the maturity date of the Notes), the Company may redeem the Notes, in whole at any time or in part from time to time, at 100% of the principal amount of such Securities the Notes to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingredeemed, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be plus accrued and unpaid interest to and including the Redemption Date) discounted from their scheduled date of payment redemption. The Company will also pay accrued and unpaid interest on such Notes to the Redemption Date (assuming redemption date. In determining the redemption price and accrued interest, interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months. Notice of redemption may state that the redemption is conditioned upon the occurrence of other events, and will be mailed by first class mail (or delivered electronically in accordance with the procedures of the Depositary) at least 30 days but not more than 60 days before the Adjusted Redemption Treasury Rate plus 35 basis points, plus, redemption date to each Holder of Notes to be redeemed at its registered address (with a copy to the Trustee). Notes in either denominations larger than $2,000 may be redeemed in part. On and after the case redemption date interest ceases to accrue on Notes or portions of clause them called for redemption so long as the Issuer has deposited with the paying agent for such Notes funds in satisfaction of the redemption price (i) or clause (ii), including accrued and unpaid interest, if any, thereon interest on such Notes to the Redemption Date. This Security is also subject be redeemed) pursuant to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless provided that if the Company shall default in the payment of any such Notes at the redemption price and together with accrued interest, interest with respect shall continue to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to accrue at the Securitiesrate borne by the Notes.

Optional Redemption. The Securities will 2008 Notes and the 2028 Debentures may be subject to redemption redeemed at any time at the option of the Company on any date prior to the maturity dateCompany, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof upon not less than 30 days nor and not more than 90 days 60 days' notice to the Holders thereof, on any date prior to the date fixed for redemption in such notice maturity (the “"Redemption Date”). The Securities will be redeemable ") at a redemption price (the "Redemption Price") equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and the applicable series of Senior Debt Securities, plus (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and accrued interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting subject to the right of twelve 30-day months) at Holders of record of such Senior Debt Securities on the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) relevant record date to receive interest due on an Interest Payment Date that is on or clause (ii), accrued and unpaid interest, if any, thereon prior to the Redemption Date) plus (iii) a Make-Whole Premium, if any. This Security is also subject to redemption In no event will the Redemption Price of the Senior Debt Securities be less than 100% of the principal amount of the applicable series of Senior Debt Securities being redeemed, respectively, plus accrued interest to the extent provided in Article II applicable Redemption Date. The Make-Whole Premium will be calculated by an independent investment banking institution of national standing appointed by the Third Supplemental Indenture. If Company; provided, that if the giving of the notice of redemption is completed as provided in the Indenture, interest on Company fails to make such Securities or portions of Securities shall cease appointment at least 45 business days prior to accrue on and after the Redemption Date, unless or if the Company shall default institution so appointed is unwilling or unable to make such calculation, such calculation will be made by Merrxxx Xxxch, Pierce, Fennxx & Xmitx Xxxorporated or, if such firm is unwilling or unable to make such calculation, by an independent investment banking institution of national standing appointed by the Trustee (in the payment of any such redemption price case, an "Independent Investment Banker"). If less than all of the Senior Debt Securities of a series are to be redeemed, the Trustee will select the Senior Debt Securities to be redeemed by such method as the Trustee shall deem fair and accrued interest with respect to any such Security or portion thereofappropriate. The Company shall not be required to make mandatory Trustee may select for redemption or sinking fund payments with respect to the SecuritiesSenior Debt Securities and portions of Senior Debt Securities in amounts of whole multiples of $1,000.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date (a “Redemption Date”) prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given . If the Company elects to redeem the Securityholders thereof not less than 30 days nor more than 90 days Securities prior to March 15, 2024, the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price shall be equal to the greater of (i) 100% of the aggregate principal amount of such the Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the each remaining scheduled payments payment of principal and interest thereon due on any date after the Redemption Date Securities to be redeemed (excluding the portion exclusive of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at using a discount rate equal to the Adjusted Redemption Treasury Rate plus 0.35% (35 basis points). On or after March 15, plus2024, the Company may redeem the Securities in either whole or in part at a redemption price equal to 100% of the case of clause (i) or clause (ii)principal amount thereof, plus accrued and unpaid interestinterest to, if anybut not including, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II XIV of the Third Supplemental Base Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price Redemption Price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be Notes of this series are subject to redemption at the option of the Company on any date time or from time to time, prior to the maturity dateMay 1, 2030, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable Company’s option at a redemption price Redemption Price equal to the greater of (i) 100% of the principal amount of such Securities the Notes to be redeemed redeemed, and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingAgent, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on in respect of the Notes to be redeemed (not including any date after the Redemption Date (excluding the portion interest accrued as of interest that will be accrued and unpaid to and including the Redemption Date) from the Redemption Date through May 1, 2030, in each case discounted from their scheduled date of payment to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 30 basis points, plusplus accrued and unpaid interest on the Notes to be redeemed to the Redemption Date. In addition, the Notes are subject to redemption at any time or from time to time, in either whole or in part, at the case Company’s option, from and after May 1, 2030, at a redemption price equal to 100% of clause (i) or clause (ii), the principal amount of the Notes to be redeemed plus accrued and unpaid interest, if any, thereon on such Notes to, but excluding, the Redemption Date. The Company may provide in such notice that payment of such price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent. Any notice to holders of Notes of a redemption pursuant to this paragraph 5 will include the appropriate calculation of the Redemption Price, but does not need to include the Redemption Price itself. The actual Redemption Price, calculated as described above, will be set forth in an Officers’ Certificate of the Company delivered to the Trustee no later than two Business Days prior to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities Notes will be subject to redemption redeemable at the option of the Company on any date prior to the maturity date------------------- Company, in whole at any time or in part from time to time in parttime, in $1,000 increments (provided that any remaining principal amount thereof shall be on at least the minimum authorized denomination thereof), on 15 days but not more than 60 days prior written notice given mailed to the Securityholders thereof not less than 30 days nor more than 90 days prior each Holder of Notes to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable redeemed, at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities the Notes to be redeemed and redeemed, or (ii) the sum, as determined by the Quotation Agent and delivered to Agent, as defined in the Trustee in writingIndenture, the sum of the present values of the principal amount of the Notes to be redeemed and the remaining scheduled payments of principal and interest thereon due on any from the redemption date after to the Redemption Date (excluding maturity date of the portion Notes to be redeemed, exclusive of interest that will be accrued and unpaid to and including the Redemption Date) redemption date, discounted from their respective scheduled date of payment dates to the Redemption Date redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate Rate, as defined in the Indenture, plus 35 50 basis points, plus, in either the case of clause (i) or clause (ii)case, accrued and unpaid interest, if any, thereon interest on the principal amount being redeemed to the Redemption Datedate of redemption. This Security is also subject If money sufficient to pay the redemption to the extent provided in Article II price of and accrued interest on all of the Third Supplemental Indenture. If Notes (or portions thereof) to be redeemed on the giving of redemption date is deposited with the notice of Trustee or paying agent on or before 11:00 a.m. (New York City time) on the redemption is completed as provided in the Indenturedate and certain other conditions are satisfied, then on and after such redemption date, interest on such Securities or portions of Securities shall will cease to accrue on such notes (or such portion thereof) called for redemption. If less than all of the Notes are to be redeemed, the Trustee will select the Notes to be redeemed on a pro rata basis, by lot or by such other method as the Trustee in its sole discretion shall deem to be fair and appropriate. Notes in denominations larger than $1,000 may be redeemed in part. On and after the Redemption Dateredemption date interest ceases to accrue on Notes or portions of them called for redemption, unless provided that if the Company shall default in the payment of any such Note at the redemption price and together with accrued interest, interest with respect shall continue to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to accrue at the Securitiesrate borne by the Notes.

Optional Redemption. To the extent permitted under the Investment Company Act and Maryland law, the Company at its option may redeem Tortoise Notes having a Rate Period of one year or less, in whole or in part, out of funds legally available therefor, on the Interest Payment Date upon not less than 15 days' and not more than 40 days' prior notice. This optional redemption is not available during the initial Rate Period or during any period during which the Company does not have the option to redeem Tortoise Notes. The Securities will optional redemption price shall be subject equal to redemption the aggregate principal amount of the Tortoise Notes to be redeemed, plus an amount equal to accrued interest to the date fixed for redemption. Tortoise Notes having a Rate Period of more than one year are redeemable at the option of the Company on any date prior to the maturity dateCompany, in whole or in part, out of funds legally available therefor, prior to the end of the relevant Rate Period, upon not less than 15 days' and not more than 40 days' prior notice, subject to any Specific Redemption Provisions, which may include the payment of redemption premiums. The Company shall not effect any optional redemption unless after giving effect thereto (1) the Company has available on such date fixed for the redemption certain Deposit Securities with maturity or tender dates not later than the day preceding the applicable redemption date and having a value not less than the amount (including any applicable premium) due to Holders of a series of Tortoise Notes by reason of the redemption of a series of Tortoise Notes and (2) the Company would have Eligible Assets with an aggregate Discounted Value at least equal to the Tortoise Notes Basic Maintenance Amount immediately subsequent to such redemption. The Company also reserves the right to repurchase Tortoise Notes in market or other transactions from time to time in part, in $1,000 increments (provided accordance with applicable law and at a price that any remaining principal amount thereof shall may be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not more or less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities the Tortoise Notes, but is under no obligation to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securitiesdo so.

Optional Redemption. The Company shall not have the right to redeem any Securities will be subject prior to redemption December 1, 2011, except to preserve the Company’s status as a real estate investment trust. If, at any time, the option Company determines that it is necessary to redeem the Securities in order to preserve the Company’s status as a real estate investment trust, the Company may redeem all or any part of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price payable in cash equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate Price plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to to, but excluding, the Redemption Date. This The Company shall have the right, at the Company’s option, at any time, and from time to time, on a Redemption Date on or after December 1, 2011, to redeem all or any part of the Securities at a price payable in cash equal to one hundred percent (100%) of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. Upon surrender to the Paying Agent of a Security is also subject to redemption Redemption, such Security shall be paid, to the extent provided in Article II of Holder surrendering such Security, at the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the IndentureRedemption Price plus accrued and unpaid interest to, interest on such Securities or portions of Securities shall cease to accrue on and after but excluding, the Redemption Date, unless the Company shall default in Redemption Date is after a record date for the payment of any an installment of interest and on or before the related interest payment date, in which case accrued and unpaid interest to, but excluding, such redemption price interest payment date will be paid, on such interest payment date, to the Holder of record of such Security at the close of business on such record date, and accrued interest with respect the Holder surrendering such Security shall not be entitled to any such interest unless such Holder was also the Holder of record of such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to at the Securitiesclose of business on such record date.

Optional Redemption. The Securities will be Notes are subject to redemption redemption, as a whole or in part, at any time or from time to time, at the option of the Company on any date prior to the maturity dateCompany, in whole or from time to time in part, in principal amounts of $1,000 increments and integral multiples of $1,000 above such amount (provided that the unredeemed portion of any remaining principal amount thereof shall Note redeemed in part may not be at least the minimum authorized denomination thereofless than $2,000), on written at least 15 days but not more than 60 days prior notice given as provided in the Indenture. Prior to the Securityholders thereof not less than 30 days nor more than 90 days prior to Par Call Date, the date fixed Redemption Price for redemption in such notice the Notes will equal the sum of (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to i) the greater of (iy) 100% of the principal amount of such Securities the Notes then Outstanding to be redeemed and (iiz) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon on the Notes then Outstanding to be redeemed that would have been due if the Notes matured on any date after the Redemption Par Call Date (excluding the not including any portion of any payments of such interest that will be accrued and unpaid to and including the Redemption Date) ), discounted from their scheduled date of payment to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of the Adjusted Redemption Treasury Rate (as defined below), as determined by the Independent Investment Banker (as defined below), plus 35 50 basis points, plus, in either the case of clause (i) or clause and (ii), ) accrued and unpaid interestinterest on the principal amount of the Notes then Outstanding to be redeemed to, if anybut not including, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on On and after the Par Call Date, the Redemption Price for the Notes will equal the sum of (i) 100% of the principal amount of the Notes then Outstanding to be redeemed and (ii) accrued and unpaid interest on the principal amount of the Notes then Outstanding to be redeemed to, but not including, the Redemption Date. Notwithstanding the foregoing, unless installments of interest on Notes that are due and payable on Interest Payment Dates falling on or prior to a Redemption Date will be payable on the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect Interest Payment Date to the SecuritiesHolders thereof as of the close of business on the corresponding Regular Record Date pursuant to Section 1 of this Note and Section 205 of the Ninth Supplemental Indenture.

Optional Redemption. The Except as set forth in this Section 5, the Securities will shall not be subject to redemption redeemable at the option of the Company on any date Issuers prior to December 15, 2022. Thereafter, the maturity dateSecurities shall be redeemable at the option of the Issuers, in whole at any time or in part from time to time in parttime, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof upon not less than 30 days nor more than 90 60 days’ prior notice (except that notices of redemption may be sent more than 60 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to date if the greater notice is delivered in connection with a defeasance of (i) the Securities or the satisfaction and discharge of the Indenture), at 100% of the principal amount of such the Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingredeemed, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be plus accrued and unpaid to and including interest to, but not including, the Redemption Date) discounted from their scheduled redemption date of payment (subject to the Redemption Date (assuming a 360-day year consisting right of twelve 30-day months) the Holders of record on the relevant record date to receive interest due on the relevant interest payment date occurring on or prior to the redemption date). In addition, at any time prior to December 15, 2022, the Adjusted Redemption Treasury Rate plus 35 basis points, plusIssuers may redeem the Securities at their option, in either whole at any time or in part from time to time, upon not less than 30 nor more than 60 days’ prior notice (except that notices of redemption may be sent more than 60 days prior to a redemption date if the case notice is delivered in connection with a defeasance of clause (i) the Securities or clause (iithe satisfaction and discharge of the Indenture), at a redemption price equal to 100% of the principal amount of the Securities redeemed plus the Applicable Premium as of, and accrued and unpaid interestinterest to, the applicable redemption date (subject to the right of the Holders of record on the relevant record date to receive interest due on the relevant interest payment date occurring on or prior to the redemption date). In addition, if any, thereon to the Redemption Date. This Security such redemption is also subject to redemption to the extent provided in Article II satisfaction of the Third Supplemental Indenture. If the giving of the one or more conditions precedent, such notice of redemption is completed as provided shall describe each such condition, and if applicable, shall state that, in the IndentureIssuers’ discretion, interest on the redemption date may be delayed until such Securities time as any or portions of Securities all such conditions shall cease to accrue on be satisfied, or such redemption may not occur and after the Redemption Date, unless the Company shall default such notice may be rescinded in the payment event that any or all such conditions shall not have been satisfied by the stated redemption date, or by the redemption date as so delayed. Notice of any such redemption price and accrued interest with in respect to any such Security or portion thereof. The Company shall not of an Equity Offering may be required to make mandatory redemption or sinking fund payments with respect given prior to the Securitiescompletion thereof.

Optional Redemption. The Securities will be While this Bond accrues interest at a Daily Rate or a Weekly Rate, this Bond is subject to optional redemption at the option of the Company on any date prior to the maturity date, in whole or from time and while this Bond accrues interest at a Flexible Rate, this Bond is subject to time in partoptional redemption on any Interest Payment Date, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof)each case, on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to 100% of the greater principal amount hereof, plus accrued interest to the redemption date. Interest due on any redemption date which is also an Interest Payment Date shall be paid in accordance with the procedures set forth in the Indenture for payment of interest. [For Subseries 1998A-1 and Subseries 1998A-2] While this Bond accrues interest at a Term Rate for an initial Term Rate Period of ten (i10) years, this Bond is subject to optional redemption on the last day of each Term Rate Period at a redemption price equal to 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingthis Bond, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be together with accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Dateredemption date. This Security [For Subseries 1998A-3 and Subseries 1998A-4 Bonds] While this Bond accrues interest at a Term Rate, this Bond is also subject to optional redemption at a redemption price equal to 100% of the principal amount thereof, plus accrued interest hereon to the extent provided redemption date and plus premium, in Article II whole or in part, on any date on and after July 1, 2008, as follows: Redemption Period Redemption Price ----------------- ---------------- July 1, 2008 through June 30, 2009 101.0% July 1, 2009 through June 30, 2010 100.5 July 1, 2010 and thereafter 100.0 MANDATORY REDEMPTION [Delete if no Letter of Credit effective] This Bond is subject to mandatory redemption prior to maturity upon the occurrence of a Mandatory Redemption Event at a redemption price equal to 100% of the Third Supplemental Indentureprincipal amount of this Bond, plus accrued interest to the redemption date. If the giving The manner of the notice of redemption redeeming Bonds is completed as provided described in detail in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Prior to the 2027 Notes Early Call Date, the Securities will be subject to redemption are redeemable, at the option of the Company on Partnership, at any date prior to the maturity datetime in whole, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price Redemption Price equal to the greater of of: (i) 100% of the principal amount of such the Securities to be redeemed and redeemed; or (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon (at the interest rate in effect on the date of calculation of the Redemption Price) on the Securities to be redeemed that would be due on any date after the related Redemption Date but for such redemption (excluding the portion exclusive of interest that will be accrued and unpaid to and including to, but excluding, the Redemption Date) discounted from their scheduled date of payment to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption applicable Treasury Rate Yield plus 35 50 basis points, ; plus, in either the case of clause (i) or clause (ii), accrued and unpaid interestinterest thereon to, if anybut excluding, thereon to the Redemption Date. This Security is also subject to redemption to At any time on or after the extent provided 2027 Notes Early Call Date, the Securities are redeemable in Article II whole or in part, at the option of the Third Supplemental Indenture. If the giving Partnership, at a Redemption Price equal to 100% of the notice principal amount of redemption is completed as provided in the IndentureSecurities to be redeemed plus accrued and unpaid interest thereon to, interest on such Securities or portions of Securities shall cease to accrue on and after but excluding, the Redemption Date. The actual Redemption Price, unless calculated as provided above, shall be calculated and certified to the Company shall default in Trustee and the payment Partnership by the Independent Investment Banker. Except as set forth above, the Securities will not be redeemable prior to their Stated Maturity and will not be entitled to the benefit of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securitiesfund.

Optional Redemption. The Securities will be subject Company may at any time and from time to redemption at ------------------- time redeem the option then outstanding principal amount of the Company on any date prior to the maturity dateNotes, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities Notes to be redeemed redeemed, by giving written notice of redemption to all holders of the Notes not less than 30 days and not more than 60 days prior to the Redemption Date, specifying (i) the principal amount of the Notes to be redeemed, (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date Date, and (excluding iii) the portion of interest that will be accrued and unpaid to and including interest (as of the Redemption Date) discounted from their scheduled date applicable to the Notes to be redeemed. Notice of payment redemption having been so given, the aggregate principal amount of Notes so specified in such notice and all accrued and unpaid interest to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at applicable to the Adjusted Redemption Treasury Rate plus 35 basis pointsNotes to be redeemed, plus, in either the case of clause (i) or clause (ii), accrued shall become due and unpaid interest, if any, thereon to payable on the Redemption Date. This Security is also subject to Any partial redemption shall be in an aggregate principal amount of at least $500,000 or integral multiples of $500,000 in excess thereof, and shall be allocated among all of the Notes outstanding, pro rata, in the same proportion as the outstanding principal amount of each Note bears to the extent provided in Article II aggregate outstanding amount of all Notes. No redemption of the Third Supplemental IndentureNotes pursuant to this Subsection 6.5 shall relieve the Company from its obligation under Subsection 2.2 of this Agreement to issue and sell to the Purchasers the Notes and Warrants to be issued and sold to the Purchasers at the Second Closing. If In connection with any such redemption, the giving holders of Notes shall deliver the Notes to the Company, and, in connection with holders whose Notes are redeemed only in part, the Company (at the Company's expense) shall execute, authenticate and deliver to such holders new Notes equal in principal amount to the unredeemed portion of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the SecuritiesNotes surrendered.

Optional Redemption. The Securities will be subject Prior to redemption at April 15, 2032 (the option of “Par Call Date”), the Company on any date prior to may redeem the maturity dateSecurities at its option, in whole or in part, at any time and from time to time in parttime, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of of: (ii)(a) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any the Securities to be redeemed discounted to the redemption date after (assuming the Redemption Date (excluding Securities matured on the portion of interest that will be accrued and unpaid to and including the Redemption Par Call Date) discounted from their scheduled date of payment to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 45 basis pointspoints less (b) interest accrued to the date of redemption, and (ii) 100% of the principal amount of the Securities to be redeemed, plus, in either the case of clause (i) or clause (ii)case, accrued and unpaid interestinterest thereon to, if anybut excluding, the redemption date. On or after the Par Call Date, the Company may redeem the Securities, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the Securities being redeemed, plus accrued and unpaid interest thereon to, but excluding, the redemption date. The Company’s actions and determinations in determining the redemption price shall be conclusive and binding for all purposes, absent manifest error. Notice of any redemption will be mailed or electronically delivered (or otherwise transmitted in accordance with the Depositary’s procedures) at least 10 but not more than 60 days before the redemption date to each Holder of the Securities to be redeemed. In the case of a partial redemption, selection of the Securities for redemption will be made pro rata, by lot or by such other method as the Trustee in its sole discretion deems appropriate and fair. No Securities of a principal amount of $2,000 or less will be redeemed in part. If any Security is to be redeemed in part only, the notice of redemption that relates to the Redemption DateSecurity will state the portion of the principal amount of the Security to be redeemed. A Security in a principal amount equal to the unredeemed portion of the Security will be issued in the name of the Holder of the Security upon surrender for cancellation of the original Security. For so long as the Securities are held by the Depository, the redemption of the Securities shall be done in accordance with the policies and procedures of the depositary. Unless the Company defaults in payment of the redemption price, on and after the redemption date interest will cease to accrue on the Securities or portions thereof called for redemption. This Security is also subject to redemption to the extent provided in Article II Section 14.01 of the Third Supplemental Base Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided PROVIDED that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders Holders thereof not less than 30 days nor more than 90 60 days prior to the date fixed for redemption in such notice (the “"Redemption Date”"). The Securities will be redeemable , at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to Independent Investment Banker (as defined in the Trustee in writingIndenture), the sum of the present values of the remaining scheduled payments Remaining Scheduled Payments (as defined in the Indenture) of principal and interest thereon due on (not including any date after the Redemption Date (excluding the portion of such payments of interest that will be accrued and unpaid to and including as of the Redemption Date) discounted from their scheduled date of payment to the Redemption Date Date, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) ), at the Adjusted Redemption Treasury Rate (as defined in the Indenture) plus 35 __ basis pointspoints (such greater amount is referred to herein as the "Redemption Price"), plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, interest thereon to the Redemption Date. This Security is also subject The Company shall calculate the Redemption Price not less than 30 days prior to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the . The Company shall default notify the Trustee in writing of the payment of any such redemption price Redemption Price promptly on calculation thereof, and accrued interest with respect the Trustee shall have no duty or liability to any such Security calculate or portion thereofverify the Redemption Price. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be Contingent Capital Notes will, subject to redemption at the option satisfaction of the Company on any date prior Solvency Condition and the conditions described under “Description of the Contingent Capital Notes—Pre-conditions to Redemption, Repurchase, Substitution or Variation” in the maturity datePreliminary Prospectus Supplement, be redeemable in whole or from time to time but not in part, at our option and in $1,000 increments our sole discretion on (provided that i) any remaining day falling in the period commencing on (and including) the First Call Date and ending on (and including) the First Reset Date, and (ii) any Reset Date thereafter, in each case at 100% of their principal amount thereof shall be at least amount, together with any accrued and unpaid interest on the minimum authorized denomination thereof)Contingent Capital Notes, on written notice given excluding any interest cancelled or deemed cancelled in accordance with the terms of the Contingent Capital Notes, to the Securityholders thereof not less than 30 days nor more than 90 days prior to but excluding the date fixed for redemption redemption. Coupon: Initial Interest Rate: 4.600% per annum payable quarterly in such notice arrear from (and including) the “Redemption Issue Date to (but excluding) First Reset Date”). The Securities Subsequent Interest Rate: From and including the First Reset Date and each Reset Date thereafter to but excluding the next succeeding Reset Date, interest will be redeemable accrue on the Contingent Capital Notes at a redemption price rate per annum equal to the greater of (i) 100% sum of the principal amount of such Securities to be redeemed and (ii) applicable U.S. Treasury Rate as determined by the Quotation Calculation Agent on the relevant Reset Determination Date and delivered 3.100%, converted to the Trustee a quarterly rate in writingaccordance with market convention (rounded to three decimal places, the sum of the present values of the remaining scheduled payments of principal and interest thereon due with 0.005 being rounded down). If redeemed on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the an Optional Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), any accrued and unpaid interest, if anytogether with their principal amount (excluding any interest cancelled or deemed cancelled in accordance with the terms of the Contingent Capital Notes), thereon will become payable. The determination of the applicable U.S. Treasury Rate is subject to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II provisions set forth under “Description of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided Contingent Capital Notes—Interest” in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the SecuritiesDocumentation (as defined below).

Optional Redemption. The Securities will be subject to redemption at (a) At any time before the option of the Company on any date that is thirty (30) days prior to the maturity dateMaturity Date, the Company shall have the right to redeem the Notes at its option and in its sole discretion, in whole or from time to time in part, in $1,000 increments . The redemption price (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption DatePrice”). The Securities ) will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities the Notes to be redeemed plus unpaid interest, if any, accrued thereon to, but excluding, the Redemption Date; provided, however, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company will pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption) and the Redemption Price shall be equal to 100% of the principal amount of the Notes to be redeemed or (ii) as determined by the Quotation Agent and delivered to the Trustee in writingAgent, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on (not including any date after the Redemption Date (excluding the portion of such payments of interest that will be accrued and unpaid to and including as of the Redemption Date) discounted from their scheduled date of payment to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 20 basis points, plus, in either the case points (0.20% or twenty one-hundredths of clause (i) or clause (iione percent), plus accrued and unpaid interest thereon to, but excluding, the Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after the date that is thirty (30) days prior to the Maturity Date, the Redemption Price will be equal to 100% of the principal amount of the Notes being redeemed plus unpaid interest, if any, accrued thereon to to, but excluding, the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject to redemption at Beginning on or after September 18, 2021, the option of Issuer may redeem the Company on any date prior to the maturity date, Notes in whole or in part, at its option, at any time or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be prior to maturity on at least the minimum authorized denomination thereof)10 days, on written notice given to the Securityholders thereof but not less than 30 days nor more than 90 days 60 days, prior notice electronically delivered or mailed to each registered Holder of the date fixed for redemption in such notice Notes (the “Redemption Date”). The Securities If any or all of the Notes are redeemed on or after September 18, 2021 and before February 18, 2024, the Redemption Price will be redeemable at a redemption price equal to the greater of of: (i) 100% of the principal amount of such Securities the Notes to be redeemed and redeemed, or (ii) as determined by the Quotation Agent and delivered to the Trustee in writingAgent, the sum of the present values of the remaining scheduled payments of interest and principal and interest thereon due on any date after the Redemption Date (excluding the portion exclusive of interest that will be accrued and unpaid to and including to, but not including, the Redemption Date) discounted from their scheduled date of payment to the Redemption Date Date, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) ), at a rate equal to the Adjusted Redemption sum of the Treasury Rate plus 35 7 basis points, plus, in either case, accrued interest thereon to, but not including, the case Redemption Date; provided, however, if the Redemption Date is after a Regular Record Date and on or prior to a corresponding Interest Payment Date, such accrued and unpaid interest will be paid on the Redemption Date to the holder of clause record on the Regular Record Date. If any or all of the Notes are redeemed on or after February 18, 2024, the Redemption Price (icalculated by the Company) will be equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest to, but not including, the Redemption Date for such Notes. On and after the Redemption Date for the Notes, interest will cease to accrue on the Notes or clause (ii)any portion thereof called for redemption, unless the Issuer defaults in the payment of the Redemption Price and accrued interest, if any. On or before the Redemption Date for the Notes, the Issuer shall deposit with the Trustee or a Paying Agent, funds sufficient to pay the Redemption Price of the Notes to be redeemed on the Redemption Date, and accrued and unpaid interest, if any, thereon on such Notes. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected in accordance with the procedures of the Depositary; provided, however, that in no event, shall Notes of a principal amount of $2,000 or less be redeemed in part. Notice of any redemption shall be electronically delivered or mailed at least 10 days but not more than 60 days before the Redemption Date to each Holder of the Notes to be redeemed; provided, however, that if the Trustee is asked to give such notice it shall be notified in writing of such request at least 5 days prior to the date of the giving of such notice (unless a shorter notice shall be satisfactory to the Trustee). Such notice shall state the Redemption Price (if known) or the formula pursuant to which the Redemption Price is to be determined if the Redemption Price cannot be determined at the time the notice is given. If the Redemption Price cannot be determined at the time such notice is to be given, the actual Redemption Price, calculated as described above, shall be set forth in an Officer’s Certificate of the Issuer delivered to the Trustee no later than two Business Days prior to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice Notice of redemption is completed having been given as provided in the Indenture, interest the Notes called for redemption shall become due and payable on such Securities or portions of Securities shall cease to accrue on the Redemption Date and after at the applicable Redemption Price, plus accrued and unpaid interest, if any, to, but not including, the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject to redemption at Company may redeem the option of the Company on any date prior to the maturity dateSecurities, in whole or in part (equal to an integral multiple of $1,000; provided that these Securities shall not be in denominations of less than $2,000), at its option at any time and from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”)time. The Redemption Price for the Securities to be redeemed will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such the Securities to be redeemed redeemed, and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming the notes matured on the 2026 Par Call Date) on a semi-annual basis, assuming a 360-day year consisting of twelve 30-day months) , at the Adjusted Redemption Treasury Rate plus 35 25 basis points, plus, in either the case of clause (i) or clause (ii), less interest accrued and unpaid interest, if any, thereon to the Redemption Date. This The principal amount of a Security is also subject remaining outstanding after a redemption in part shall be $2,000 or an integral multiple of $1,000 in excess thereof. Notice of redemption shall be mailed (or otherwise transmitted in accordance with the procedures of The Depository Trust Company (“DTC”)) to each registered Holder of the Securities to be redeemed at least 10 days, and not more than 60 days (except that notices of redemption may be mailed (or otherwise transmitted in accordance with DTC procedures) more than 60 days prior to a Redemption Date if issued in connection with a defeasance of the applicable Securities or a satisfaction and discharge of the Indenture), prior to the extent provided in Article II of the Third Supplemental IndentureRedemption Date. If the giving of the Once notice of redemption is completed as provided mailed (or otherwise transmitted in accordance with the Indentureprocedures of DTC), the Securities called for redemption shall become due and payable on the Redemption Date and at the Redemption Price, plus accrued and unpaid interest on such Securities or portions of Securities shall cease to accrue on and after to, but excluding, the Redemption Date. Commencing on 2026 Par Call Date, unless the Company shall default Securities are redeemable at the option of the Company, at any time in whole or from time to time in part, at a Redemption Price equal to 100% of the payment principal amount of any such redemption price the Securities being redeemed, plus accrued and accrued unpaid interest with respect on the Securities to any such Security or portion thereofbe redeemed to, but excluding, the Redemption Date. The Company shall not be required to make mandatory redemption or sinking fund payments with respect For purposes of this paragraph, the following definitions are applicable: “2026 Par Call Date” means, March 6, 2024 (two (2) years prior to the Securitiesmaturity date of the 2026 notes).

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable , at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingTrustee, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 10 basis pointspoints (such greater amount is referred to herein as the “Optional Redemption Price”), plus, in either the case of clause (i) or clause (ii), accrued and unpaid interestinterest and Special Interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II XIV of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price Optional Redemption Price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will Notes may be subject to redemption at the option of the Company on any date prior to the maturity dateredeemed, in whole or in part, at the Company’s option at any time or from time to time time. In such event, the Company shall notify the Trustee of its decision to redeem the Notes, in whole or in part, as provided in $1,000 increments (provided that the Indenture. The redemption price for the Notes to be redeemed on any remaining principal amount thereof shall be at least the minimum authorized denomination thereof)Redemption Date before February 1, on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice 2025 (the “Redemption Early Call Date”). The Securities will ) shall be redeemable at a redemption price calculated by the Company and shall be equal to the greater of the following amounts: (i) 100% of the principal amount Principal Amount of such Securities the Notes to be redeemed and on the Redemption Date, or (ii) as determined by the Quotation Agent and delivered to the Trustee in writingAgent, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Notes being redeemed to the Early Call Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming on a semi-annual basis at the Treasury Rate, plus 25 basis points, plus, in each case, accrued and unpaid interest on the principal amount of the Notes being redeemed to, but not including, the Redemption Date. The redemption price for the Notes to be redeemed on any Redemption Date on or after the Early Call Date shall be equal to 100% of the principal amount of the Notes to be so redeemed, plus accrued and unpaid interest on the principal amount being redeemed to, but not including, the Redemption Date. Notwithstanding the foregoing, installments of interest on the Notes that are due and payable on interest payment dates falling on or prior to a Redemption Date shall be payable on the interest payment date to the registered holders as of the close of business on the relevant record date according to the Notes and the Indenture. The redemption price shall be calculated on the basis of a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date prior to November 3, 2021 (three months prior to the maturity date), in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Make-Whole Redemption Date”). The Securities will be redeemable , at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingTrustee, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Make-Whole Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Make-Whole Redemption Date) discounted from their scheduled date of payment to the Make-Whole Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 25 basis pointspoints (such greater amount is referred to herein as the “Make-Whole Redemption Price”), plus, in either the case of clause (i) or clause (ii), accrued and unpaid interestinterest and Special Interest, if any, thereon to the Make-Whole Redemption Date. In addition, the Offered Securities will be subject to redemption at the option of the Company on any date (a “Par Redemption Date”) on or after November 3, 2021 (three months prior to the maturity date), in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), at a redemption price equal to 100% of the principal amount of the Offered Securities to be redeemed (the “Par Redemption Price”), plus accrued and unpaid interest and Special Interest, if any, thereon to the Par Redemption Date. This Security is also subject to redemption to the extent provided in Article II XIV of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Make-Whole Redemption Date or Par Redemption Date, as applicable, unless the Company shall default in the payment of any such redemption price Make-Whole Redemption Price or Par Redemption Price, as applicable, and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be On or prior to the Conversion Date, the Bonds are subject to redemption by the Board, at the option of the Company on Company, at any date prior time, subject to the maturity dateprovisions of Section 4.03 hereof, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount thereof being redeemed plus accrued interest to the redemption date. After the Conversion Date, if the length of such Securities time from the Conversion Date to be redeemed and the final maturity date of the Bonds is seven (ii7) as determined years or more, the Bonds are subject to redemption by the Quotation Board, at the option of the Company, on or after the fifth anniversary of the Conversion Date, in whole at any time or in part on any Interest Payment Date, at the redemption price of 100% of the principal amount thereof being redeemed plus accrued interest to the redemption date. If, pursuant to a conversion from the Floating Rate to the Fixed Rate in accordance with Section 5.01 hereof, the Remarketing Agent and delivered certifies to the Trustee and the Company in writingwriting that the foregoing call restriction is not consistent with the then prevailing market conditions, the sum foregoing call restriction may be revised in accordance with the best professional judgment of the present values of Remarketing Agent to reflect the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest then prevailing market conditions; provided, however that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default have consented to such revision and shall have furnished the Trustee with an opinion addressed to the Trustee, the Board, the Company, the Paying Agent, the Bank and the Remarketing Agent, if any at such time, of Bond Counsel (as defined in the payment Lease Agreement) acceptable to the Company and the Trustee, stating that such revision will not adversely affect the excludability from federal income taxation of any interest on the Bonds. Notwithstanding the foregoing, no such optional redemption price and accrued interest shall occur after the Conversion Date unless there shall be available in the Bond Fund sufficient Available Moneys to pay all amounts due with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securitiesa redemption.

Optional Redemption. The Securities will be subject to redemption at Beginning on or after March 24, 2022, the option of Issuer may redeem the Company on any date prior to the maturity date, Notes in whole or in part, at its option, at any time or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be prior to maturity on at least the minimum authorized denomination thereof)10 days, on written notice given to the Securityholders thereof but not less than 30 days nor more than 90 days 60 days, prior notice electronically delivered or mailed to each registered Holder of the date fixed for redemption in such notice Notes (the “Redemption Date”). The Securities If any or all of the Notes are redeemed on or after March 24, 2022 and before January 1, 2025, the Redemption Price will be redeemable at a redemption price equal to the greater of of: (i) 100% of the principal amount of such Securities the Notes to be redeemed and redeemed, or (ii) as determined by the Quotation Agent and delivered to the Trustee in writingAgent, the sum of the present values of the remaining scheduled payments of interest and principal and interest thereon due on any date after the Redemption Date (excluding the portion exclusive of interest that will be accrued and unpaid to and including to, but not including, the Redemption Date) discounted from their scheduled date of payment to the Redemption Date Date, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) ), at a rate equal to the Adjusted Redemption sum of the Treasury Rate plus 35 25 basis points, plus, in either case, accrued interest thereon to, but not including, the case Redemption Date; provided, however, if the Redemption Date is after a Regular Record Date and on or prior to a corresponding Interest Payment Date, such accrued and unpaid interest will be paid on the Redemption Date to the holder of clause record on the Regular Record Date. If any or all of the Notes are redeemed on or after January 1, 2025, the Redemption Price (icalculated by the Company) will be equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest to, but not including, the Redemption Date for such Notes. On and after the Redemption Date for the Notes, interest will cease to accrue on the Notes or clause (ii)any portion thereof called for redemption, unless the Issuer defaults in the payment of the Redemption Price and accrued interest, if any. On or before the Redemption Date for the Notes, the Issuer shall deposit with the Trustee or a Paying Agent, funds sufficient to pay the Redemption Price of the Notes to be redeemed on the Redemption Date, and accrued and unpaid interest, if any, thereon on such Notes. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected in accordance with the procedures of the Depositary; provided, however, that in no event, shall Notes of a principal amount of $2,000 or less be redeemed in part. Notice of any redemption shall be electronically delivered or mailed at least 10 days but not more than 60 days before the Redemption Date to each Holder of the Notes to be redeemed; provided, however, that if the Trustee is asked to give such notice it shall be notified in writing of such request at least 5 days prior to the date of the giving of such notice (unless a shorter notice shall be satisfactory to the Trustee). Such notice shall state the Redemption Price (if known) or the formula pursuant to which the Redemption Price is to be determined if the Redemption Price cannot be determined at the time the notice is given. If the Redemption Price cannot be determined at the time such notice is to be given, the actual Redemption Price, calculated as described above, shall be set forth in an Officer’s Certificate of the Issuer delivered to the Trustee no later than two Business Days prior to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice Notice of redemption is completed having been given as provided in the Indenture, interest the Notes called for redemption shall become due and payable on such Securities or portions of Securities shall cease to accrue on the Redemption Date and after at the applicable Redemption Price, plus accrued and unpaid interest, if any, to, but not including, the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. (a) The Securities will be subject to redemption Issuer may redeem the Notes at the its option of the Company on and sole discretion, at any date prior to the maturity date, in whole time or from time to time prior to the Par Call Date, in whole or in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price Redemption Price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and the Notes being redeemed; or (ii) as determined by the Quotation Agent and delivered to the Trustee in writingQuotient Agent, the sum of the present values of the remaining scheduled payments of principal and interest Interest thereon that would be due if such Notes matured on the Par Call Date but for the redemption thereof (not including any date after the Redemption Date (excluding the portion of interest that will be such payments of Interest accrued and unpaid to and including as of the Redemption Date) discounted from their scheduled date of payment to the Redemption Date redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 15 basis points, plus, in either the case of clause (i) or clause (ii)each case, accrued and unpaid interestInterest thereon to, but not including, the applicable Redemption Date; provided, however, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Issuer will pay the full amount of accrued and unpaid Interest, if any, thereon on such Interest Payment Date to the Holder of record of the Notes at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption). Notwithstanding the foregoing, if the Notes are redeemed on or after the Par Call Date, the Redemption Price will be equal to 100% of the principal amount of the Notes being redeemed, plus accrued and unpaid Interest thereon to, but not including, the applicable Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject to redemption at At any time from and after the option date of the Agreement, the Company on any date prior to may redeem all of the maturity dateNotes, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof but not less than 30 days all of the Notes, upon not less than three nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable 30 Business Days’ notice, at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingNotes, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be plus accrued and unpaid interest to (but not including) the applicable redemption date; provided, however, that upon a redemption of the Notes pursuant to this paragraph, the Company’s option to issue Additional Singapore Dollar Notes pursuant to Section 1(b)(iii) of the Agreement, and including the Redemption Purchasers’ corresponding commitment to purchase such Notes, shall be terminated. Any redemption pursuant to this paragraph shall only be made if the outstanding term loans borrowed under the Facility Agreement are redeemed in full on or about the same redemption date. At the time from and after the Initial Closing Date) discounted from their scheduled date , the Company may redeem all of payment the Notes, or any part of the Notes in an aggregate principal amount of not less than SGD$15,000,000, upon not less than three nor more than 30 Business Days’ notice, at a redemption price equal to 100% of the Redemption Date (assuming a 360-day year consisting principal amount of twelve 30-day months) at the Adjusted Redemption Treasury Rate Notes, plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interestinterest to (but not including) the applicable redemption date, if anywith the net cash proceeds received by the Company from (a) equity contributions or subordinated, thereon unsecured shareholder loans made to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II Company from any direct or indirect parent company of the Third Supplemental Indenture. If Company (from sources other than a Refinancing Transaction) or (b) the giving net proceeds received from either the issuance of the notice Notes or the incurrence of term loan Indebtedness under the Facility Agreement that are not used by the Company (and not reasonably anticipated by the Company to be used or necessary) in connection with the Integrated Resort Project. Any redemption is completed as provided in pursuant to this paragraph shall only be made if the Indenture, interest outstanding term loans borrowed under the Facility Agreement are redeemed on or about the same redemption date on a pro rata basis (based on the outstanding principal amount of Notes and term loans on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securitiesdates).

Optional Redemption. The Securities will be subject to redemption at Issuer may redeem the option of the Company on any date prior to the maturity date, Notes in whole or in part, at its option, at any time or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be prior to maturity on at least the minimum authorized denomination thereof)30 days, on written but not more than 60 days, prior notice given mailed to the Securityholders thereof not less than 30 days nor more than 90 days prior to registered address of each Holder of the date fixed for redemption in such notice Notes (the “Redemption Date”). The Securities If any or all of the Notes are redeemed before November 13, 2025 the redemption price will be redeemable at a redemption price equal to the greater of of: (i) 100% of the principal amount of such Securities the Notes to be redeemed and redeemed, or (ii) as determined by the Quotation Agent and delivered to the Trustee in writingAgent, the sum of the present values of the remaining scheduled payments of interest and principal and interest thereon due on any date after the Redemption Date (excluding the portion exclusive of interest that will be accrued and unpaid to and including to, but not including, the Redemption Date) discounted from their scheduled date of payment to the Redemption Date Date, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) ), at a rate equal to the Adjusted Redemption sum of the Treasury Rate plus 35 20 basis points, plus, in either case, accrued interest thereon to, but not including, the case Redemption Date; provided, however, if the Redemption Date is after a Regular Record Date and on or prior to a corresponding Interest Payment Date, such accrued and unpaid interest will be paid on the Redemption Date to the holder of clause (i) record on the Regular Record Date. If any or clause (ii)all of the Notes are redeemed on or after November 13, 2025, the redemption price will be equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest to, but not including, the Redemption Date for such Notes. On and after the Redemption Date for the Notes, interest will cease to accrue on the Notes or any portion thereof called for redemption, unless the Issuer defaults in the payment of the Redemption Price and accrued interest, if any. On or before the Redemption Date for the Notes, the Issuer shall deposit with the Trustee or a Paying Agent, funds sufficient to pay the Redemption Price of the Notes to be redeemed on the Redemption Date, and accrued and unpaid interest, if any, thereon on such Notes. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected in accordance with the procedures of the Depositary; provided, however, that in no event, shall Notes of a principal amount of $2,000 or less be redeemed in part. Notice of any redemption shall be mailed at least 30 days, but not more than 60 days, before the Redemption Date to each Holder of the Notes to be redeemed; provided, however, that if the Trustee is asked to give such notice it shall be notified in writing of such request at least 15 days prior to the date of the giving of such notice (unless a shorter notice shall be satisfactory to the Trustee). Such notice shall state the Redemption Price (if known) or the formula pursuant to which the Redemption Price is to be determined if the Redemption Price cannot be determined at the time the notice is given. If the Redemption Price cannot be determined at the time such notice is to be given, the actual Redemption Price, calculated as described above, shall be set forth in an Officer’s Certificate of the Issuer delivered to the Trustee no later than two Business Days prior to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice Notice of redemption is completed having been given as provided in the Indenture, interest the Notes called for redemption shall become due and payable on such Securities or portions of Securities shall cease to accrue on the Redemption Date and after at the applicable Redemption Price, plus accrued and unpaid interest, if any, to, but not including, the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will Notes shall be subject to redemption redeemable, at the option of the Company on any date prior to the maturity dateCompany’s sole option, in whole at any time or in part from time to time in parttime, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days each case prior to the date fixed for redemption in such notice April 15, 2029 (the “Redemption Par Call Date”). The Securities will be redeemable , for cash, at a redemption price Redemption Price equal to the greater of (i) 100% of the aggregate principal amount of such Securities the Notes to be redeemed and or (ii) as determined by the Quotation Agent and delivered an amount equal to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal of and interest thereon on the Notes to be redeemed that would be due if the Notes matured on any date after the Par Call Date (exclusive of unpaid interest accrued to, but not including, such Redemption Date), discounted to such Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 30 basis points, plus, in either the case of clause (i) or clause (ii)each case, accrued and unpaid interest, if any, thereon on the principal amount of the Notes to the be redeemed accrued to, but not including, such Redemption Date. This Security is also subject In addition, at any time on or after the Par Call Date, the Notes shall be redeemable, at the Company’s sole option, in whole at any time or in part from time to redemption time, for cash, at a Redemption Price equal to the extent provided in Article II 100% of the Third Supplemental Indenture. If the giving aggregate principal amount of the notice Notes to be redeemed plus unpaid interest, if any, on the principal amount of redemption is completed as provided in the IndentureNotes to be redeemed accrued to, but not including, such Redemption Date. Notwithstanding the foregoing, interest shall be payable to Holders of the Notes on the Regular Record Date applicable to an Interest Payment Date falling on or before such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will may be subject to redemption redeemed at the option of the Company on any date prior to the maturity dateInterest Payment Date that is on or after September 27, 2006, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such the Securities being redeemed. The Company will pay accrued and unpaid interest on the principal amount being redeemed to the date of redemption. If notice of redemption has been given as described below and funds for the redemption of any Securities called for redemption have been made available on the redemption dates specified in the notice, the Securities will cease to bear interest on the date fixed for the redemption specified in the notice and the only right of the holders of the Securities from and after the redemption date will be to receive payment of the redemption price upon surrender of the Securities in accordance with the notice. Notice of any optional redemption of any Securities will be mailed at least 15 but not more than 60 days before the redemption date to each holder of record of the Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Dateits registered address. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the The notice of redemption is completed as provided for the Securities will state, among other things, the amount of Securities to be redeemed, the redemption date, the redemption price and the place or places that payment will be made upon presentation and surrender of Securities to be redeemed. Unless the Company defaults in the Indenturepayment of the redemption price, interest on such Securities or portions of Securities shall will cease to accrue on and after any Securities that have been called for redemption at the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securitiesdate.

Optional Redemption. The Securities will be subject to redemption at Company may redeem the option of the Company on any date prior to the maturity dateSecurities, in whole or in part (equal to an integral multiple of $1,000; provided that these Securities shall not be in denominations of less than $2,000), at its option at any time and from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”)time. The Redemption Price for the Securities to be redeemed will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such the Securities to be redeemed and redeemed, or (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of interest and principal on the Securities to be redeemed (exclusive of interest accrued and interest thereon due on any date after unpaid to, but excluding, the Redemption Date (excluding and assuming the portion of interest that will be accrued and unpaid to and including Securities called for redemption matured on the Redemption applicable Par Call Date) discounted from their scheduled date of payment to the Redemption Date (on a semi-annual basis, assuming a 360-day year consisting of twelve 30-day months) , at the Adjusted Redemption Treasury Rate plus 35 20 basis points, plus, in either the case of clause (i) or clause (ii), plus accrued and unpaid interestinterest to, but excluding, the Redemption Date. The principal amount of a Security remaining outstanding after a redemption in part shall be $2,000 or an integral multiple of $1,000 in excess thereof. Notice of redemption shall be mailed (or otherwise transmitted in accordance with the procedures of The Depository Trust Company (“DTC”)) to each registered Holder of the Securities to be redeemed at least 10 days, and not more than 60 days (except that notices of redemption may be mailed (or otherwise transmitted in accordance with DTC procedures) more than 60 days prior to a Redemption Date if anyissued in connection with a defeasance of the applicable Securities or a satisfaction and discharge of the Indenture), thereon prior to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the Once notice of redemption is completed as provided mailed (or otherwise transmitted in accordance with the Indentureprocedures of DTC), the Securities called for redemption shall become due and payable on the Redemption Date and at the Redemption Price, plus accrued and unpaid interest on such Securities or portions of Securities shall cease to accrue on and after to, but excluding, the Redemption Date. Commencing on the applicable Par Call Date, unless the Company shall default Securities are redeemable at the option of the Company, at any time in whole or from time to time in part, at a Redemption Price equal to 100% of the payment principal amount of any such redemption price the Securities being redeemed, plus accrued and accrued unpaid interest with respect on the Securities to any such Security or portion thereofbe redeemed to, but excluding, the Redemption Date. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to For purposes of this paragraph, the Securities.following definitions are applicable:

Optional Redemption. The Securities will be subject to redemption at Beginning on or after September 24, 2020, the option of Issuer may redeem the Company on any date prior to the maturity date, Notes in whole or in part, at its option, at any time or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be prior to maturity on at least the minimum authorized denomination thereof)10 days, on written notice given to the Securityholders thereof but not less than 30 days nor more than 90 days 60 days, prior notice electronically delivered or mailed to each registered Holder of the date fixed for redemption in such notice Notes (the “Redemption Date”). The Securities If any or all of the Notes are redeemed on or after September 24, 2020 and before February 24, 2025, the Redemption Price will be redeemable at a redemption price equal to the greater of of: (i) 100% of the Table of Contents principal amount of such Securities the Notes to be redeemed and redeemed, or (ii) as determined by the Quotation Agent and delivered to the Trustee in writingAgent, the sum of the present values of the remaining scheduled payments of interest and principal and interest thereon due on any date after the Redemption Date (excluding the portion exclusive of interest that will be accrued and unpaid to and including to, but not including, the Redemption Date) discounted from their scheduled date of payment to the Redemption Date Date, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) ), at a rate equal to the Adjusted Redemption sum of the Treasury Rate plus 35 50 basis points, plus, in either case, accrued interest thereon to, but not including, the case Redemption Date; provided, however, if the Redemption Date is after a Regular Record Date and on or prior to a corresponding Interest Payment Date, such accrued and unpaid interest will be paid on the Redemption Date to the holder of clause record on the Regular Record Date. If any or all of the Notes are redeemed on or after February 24, 2025, the Redemption Price (icalculated by the Company) will be equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest to, but not including, the Redemption Date for such Notes. On and after the Redemption Date for the Notes, interest will cease to accrue on the Notes or clause (ii)any portion thereof called for redemption, unless the Issuer defaults in the payment of the Redemption Price and accrued interest, if any. On or before the Redemption Date for the Notes, the Issuer shall deposit with the Trustee or a Paying Agent, funds sufficient to pay the Redemption Price of the Notes to be redeemed on the Redemption Date, and accrued and unpaid interest, if any, thereon on such Notes. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected in accordance with the procedures of the Depositary; provided, however, that in no event, shall Notes of a principal amount of $2,000 or less be redeemed in part. Notice of any redemption shall be electronically delivered or mailed at least 10 days but not more than 60 days before the Redemption Date to each Holder of the Notes to be redeemed; provided, however, that if the Trustee is asked to give such notice it shall be notified in writing of such request at least 5 days prior to the date of the giving of such notice (unless a shorter notice shall be satisfactory to the Trustee). Such notice shall state the Redemption Price (if known) or the formula pursuant to which the Redemption Price is to be determined if the Redemption Price cannot be determined at the time the notice is given. If the Redemption Price cannot be determined at the time such notice is to be given, the actual Redemption Price, calculated as described above, shall be set forth in an Officer’s Certificate of the Issuer delivered to the Trustee no later than two Business Days prior to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice Notice of redemption is completed having been given as provided in the Indenture, interest the Notes called for redemption shall become due and payable on such Securities or portions of Securities shall cease to accrue on the Redemption Date and after at the applicable Redemption Price, plus accrued and unpaid interest, if any, to, but not including, the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable , at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingTrustee, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (based on the Original Interest Rate and excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 45 basis pointspoints (such greater amount is referred to herein as the “Redemption Price”), plus, in either the case of clause (i) or clause (ii), accrued and unpaid interestinterest and Special Interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II XIV of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price Redemption Price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject to redemption at Company has the option to redeem all or a portion of the Company on Notes at any date prior to the maturity datetime, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof)time, on written notice given to the Securityholders thereof not or after August 1, 2019 on no less than 30 days nor more than 90 days prior 60 days’ notice sent to Holders thereof (with a copy to the date fixed for redemption in such notice (Trustee and the Securities Administrator), at a “Redemption Date”). The Securities will be redeemable at a redemption price Price” equal to the greater of (i) 100% of the principal amount of such Securities the Notes to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingredeemed, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to on the principal amount being redeemed to, but excluding, the Redemption Date. This Security is also subject If the Company chooses to redeem any Notes, it will deliver a notice of redemption to Holders of Notes (with a copy to the Trustee and the Securities Administrator) not less than 30 nor more than 60 days before the Redemption Date (which notice may be conditioned on the occurrence of one or more events or circumstances, as specified therein). In addition, so long as the Notes are listed on the New York Stock Exchange (or such other exchange as meets the definition of a “recognised stock exchange” within the meaning of section 1005 of the U.K. Income Tax Act 2007), to the extent provided required by that exchange, the Company will give notice to that exchange and publicize such redemption in Article II accordance with any such requirements of that exchange. Any redemption may, at the Third Supplemental IndentureCompany’s discretion, be subject to one or more conditions precedent as may be specified in the notice of redemption, including, but not limited to, completion of an issuance of Indebtedness or other corporate transaction or event. If the giving Company is redeeming less than all of the notice Notes, the particular Notes to be redeemed will be selected by the Securities Administrator by lot, pro rata, or in a manner deemed fair and appropriate by the Securities Administrator, subject to the Applicable Procedures of the Depositary; provided, however, that no such partial redemption is completed as provided shall reduce the portion of the principal amount of a Note not redeemed to less than $25. Unless the Company defaults in payment of the IndentureRedemption Price, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless interest will cease to accrue on the Notes or portions of the Notes called for redemption. On or before any Redemption Date, the Company shall default in deposit with Paying Agent (or the payment Securities Administrator) money sufficient to pay the Redemption Price of any such redemption price and accrued interest on the Notes to be redeemed on such date. In no case will the Trustee or the Securities Administrator have any duty to perform any calculations with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the SecuritiesRedemption Price.

Optional Redemption. The Prior to April 30, 2026 (the “Par Call Date”), the Securities will be are subject to redemption at the option of the Company on Company’s option, at any date prior time and from time to the maturity datetime, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price Redemption Price equal to the greater of (i) of: • 100% of the principal amount of such Securities to be redeemed plus accrued and (ii) unpaid interest thereon to, but excluding, the redemption date, and • the sum, as determined by the Quotation Agent and delivered to the Trustee in writingan Independent Investment Banker, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date Securities to be redeemed (excluding the portion exclusive of interest that will be accrued and unpaid to and including the Redemption Dateredemption date) discounted from their scheduled date of payment to the Redemption Date redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) through the Par Call Date at the Adjusted Redemption applicable Treasury Rate plus 35 50 basis points, plus, in either the case of clause (i) or clause (ii), plus accrued and unpaid interestinterest on the principal amount being redeemed to, if anybut excluding, thereon to the Redemption redemption date. On or after the Par Call Date. This Security is also , the Securities are subject to redemption at the Company's option, at any time and from time to the extent provided time, in Article II whole or in part, at a Redemption Price equal to 100% of the Third Supplemental Indentureprincipal amount to be redeemed plus accrued and unpaid interest thereon to, but excluding, the redemption date. Notice of any redemption shall be delivered at least 10 days but not more than 60 days before the redemption date to each registered Holder of the Securities to be redeemed. If money sufficient to pay the giving Redemption Price of all of the notice Securities (or portions thereof) to be redeemed on the redemption date is deposited with the Trustee or Paying Agent on or before the redemption date, and unless the Company defaults in payment of the Redemption Price, on and after the redemption is completed as provided in the Indenturedate, interest on such Securities or portions of Securities shall cease to accrue on the Securities or portions of the Securities called for redemption. If fewer than all of the Securities are to be redeemed, and such Securities are at the time represented by a Global Security, the Depositary shall select by lot the particular interests to be Global Note redeemed. If the Company elects to redeem fewer than all of the Securities, and any of such Securities are not represented by a Global Security, then the Trustee shall select the particular Securities to be redeemed in a manner it deems appropriate and fair (and the Depositary shall select by lot the particular interests in any Global Security to be redeemed), subject to the Depositary’s applicable procedures. The Company may at any time, and from time to time, purchase the Securities at any price or prices in the open market or otherwise. Any redemption or notice of any redemption (including the amount of notes redeemed and conditions precedent applicable to different amounts of notes redeemed) may, at the Company’s discretion, be subject to one or more conditions precedent, including, but not limited to, completion of an equity offering, other offering, issuance of indebtedness or other transaction or event. Notice of any redemption in respect thereof may be given prior to the completion thereof and may be partial as a result of only some of the conditions being satisfied. If such redemption or notice is subject to satisfaction of one or more conditions precedent, such notice shall state that, in the Company’s discretion, the redemption date may be delayed until such time (including more than 60 days after the Redemption Date, unless date the notice of redemption was delivered) as any or all such conditions shall be satisfied (or waived by the Company shall default in its sole discretion), or such redemption may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied (or waived by the Company in its sole discretion) by the redemption date, or by the redemption date so delayed. In addition, the Company may provide in such notice that payment of any such the redemption price and accrued interest performance of the Company’s obligations with respect to any such Security or portion thereof. The Company shall not redemption may be required to make mandatory redemption or sinking fund payments with respect to the Securitiesperformed by another Person.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date (the “Make-Whole Redemption Date”) prior to November 16, 2028 (three months prior to the maturity date) (the “Par-Call Date”), in whole or from time to time in part, in $€1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders Holders thereof not less than 30 10 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Make-Whole Redemption Date”). The Securities will be redeemable Date at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered an amount equal to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Make-Whole Redemption Date, assuming that the Securities matured on the Par-Call Date (based on the original interest and excluding the portion of interest that will be accrued and unpaid to and including the Make-Whole Redemption Date) discounted from their scheduled date of payment to the Make-Whole Redemption Date on an annual basis (assuming a 360-day year consisting of twelve 30-day monthsACTUAL/ACTUAL (ICMA)) at the Adjusted Redemption Treasury Comparable Government Bond Rate plus 35 15 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interestinterest thereon to but excluding the Make-Whole Redemption Date. In addition, the Securities will be subject to redemption at the option of the Company on any date (a “Par Redemption Date”) on or after the Par-Call Date, in whole or from time to time in part, in €1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Holders thereof not less than 10 days nor more than 90 days prior to the Par Redemption Date at a redemption price equal to 100% of the principal amount of the Securities to be redeemed (the “Par Redemption Price”), plus accrued and unpaid interest and Special Interest, if any, thereon to but excluding the Par Redemption Date. This Security is also subject to redemption to the extent provided in Article II XIV of the Third Indenture. Any notice of redemption delivered to Holders pursuant to the terms of this Security, the Base Indenture and the Seventeenth Supplemental IndentureIndenture may be subject to the satisfaction of one or more conditions precedent established by the Company in its discretion. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Make-Whole Redemption Date or Par Redemption Date, as applicable, unless the Company shall default in the payment of any such redemption price Make-Whole Redemption Price or Par Redemption Price, as applicable, and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities Debentures will be subject to redemption at the option of the Company on any date prior to the maturity dateredeemable, in whole or in part, at the Company's option at any time and from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to the greater of (i) of: o 100% of the principal amount of such Securities the Debentures to be redeemed redeemed, and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, o the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after Remaining Scheduled Payments discounted to the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 40 basis points, plus. together with, in either the case of clause (i) or clause (ii)each case, accrued and unpaid interest, if any, thereon interest on the principal amount of the Debentures to be redeemed to the Redemption Datedate of redemption. This Security is also subject Notice of any redemption will be mailed at least 30 days but not more than 60 days before the redemption date to redemption to the extent provided in Article II each holder of the Third Supplemental IndentureDebentures to be redeemed. If the giving of the notice of On and after any redemption is completed as provided in the Indenturedate, interest on such Securities or portions of Securities shall will cease to accrue on and after the Redemption DateDebentures or any portion thereof called for redemption. On or before any redemption date, unless the Company shall default in deposit with the payment of any such Trustee or with a paying agent money sufficient to pay the redemption price of and accrued interest with respect on the Debentures to any be redeemed on such Security or portion thereofdate. If less than all the Debentures are to be redeemed, the Debentures to be redeemed shall be selected by the Trustee at the Company's direction by such method as the Company and the Trustee shall deem fair and appropriate. The Company redemption price shall not be required calculated by the Independent Investment Banker and the Company, the Trustee and any paying agent for the Debentures shall be entitled to make mandatory redemption or sinking fund payments with respect to the Securitiesrely on such calculation.

Optional Redemption. The Securities will be subject to redemption This Security is redeemable, at the option of the Company on any date Company, (a) prior to the maturity dateDecember 15, 2030, at any time in whole whole, or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price Redemption Price, payable in cash, equal to the greater of of: (ix) 100% of the principal amount of such Securities to be redeemed redeemed; and (iiy) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments (as of principal and interest thereon due on any date after the Redemption Date for such redemption) scheduled interest and principal payments on this Security (or the portion hereof) to be redeemed (excluding the portion of interest that will be accrued and unpaid to and including the such Redemption Date) ), discounted from their scheduled date of payment to the such Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption applicable Treasury Rate Yield plus 35 30 basis points, plusin each case plus unpaid interest that has accrued to, but excluding, such Redemption Date and (b) on or after December 15, 2030, at any time in either whole, or from time to time in part, at a Redemption Price, payable in cash, equal to 100% of the case principal amount to be redeemed, plus unpaid interest that has accrued to, but excluding, such Redemption Date. If such Redemption Date is after a Regular Record Date for this Security and on or before the related Interest Payment Date, then the payment of clause (i) or clause (ii)interest becoming due on such Interest Payment Date shall be payable, on such Interest Payment Date, to the Holder of record hereof at the close of business on such Regular Record Date, and the Redemption Price shall not include unpaid interest that has accrued and unpaid interestto, if anybut excluding, thereon to the Redemption Date. This Security is also subject to redemption to shall not be redeemable by the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed Company except as provided in the preceding sentences and the Indenture. This Security shall not be redeemable at the election of any Holder, except to the extent that the principal of, and interest on such Securities or portions on, this Security may be accelerated in accordance with Article 5 of Securities shall cease to accrue on and after the Indenture. For purposes of determining the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest Price with respect to any such Security or portion thereof. The Company shall not be required redemptions occurring prior to make mandatory redemption or sinking fund payments with respect to December 15, 2030 the Securities.following definitions are applicable:

Optional Redemption. The Series A Securities will be are subject to redemption redemption, at the option of the Company on any date prior to the maturity dateCompany, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof upon not less than 30 days nor or more than 90 days 60 days' notice, in the event the Company consummates one or more Equity Offerings on or prior to September 1, 1998, the date fixed for redemption Company may, in its sole discretion, redeem up to $25.0 million of the aggregate principal amount of the Series A Securities with all or a portion of the aggregate net proceeds received by the Company from any such notice (Equity Offering or Equity Offerings, within 60 days of the “Redemption Date”). The Securities will be redeemable closing of any such Equity Offering, at a redemption price equal to the greater of (i) 100112.5% of the aggregate principal amount of such the Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingso redeemed, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be plus accrued and unpaid interest on the Series A Securities so redeemed to and including the Redemption Date) discounted from their scheduled date ; provided, however, that following such redemption, at least $75.0 million of payment the aggregate principal amount of the Series A Securities remains outstanding. Any redemption pursuant to this paragraph shall be made pursuant to the provisions of Sections 3.01 through 3.07 of the Indenture. In the case of any redemption of Securities, interest installments whose Stated Maturity is on or prior to the Redemption Date (assuming a 360-day year consisting will be payable to the Holders of twelve 30-day months) Unit Certificates evidencing such Securities of record at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either close of business on the case of clause relevant Record Date referred to on the face hereof. Securities (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities thereof) for whose redemption and payment provision is made in accordance with the Indenture shall cease to accrue on bear interest from and after the Redemption Date. In the event of redemption or purchase of this Security evidenced by this Unit Certificate in part only, unless a new Unit Certificate evidencing the Company Security or Securities for the unredeemed or unpurchased portion hereof shall default be issued in the payment name of the Holder hereof upon the cancellation hereof. The Securities do not have the benefit of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securitiesobligations.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable , at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingTrustee, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 12 basis pointspoints (such greater amount is referred to herein as the “Optional Redemption Price”), plus, in either the case of clause (i) or clause (ii), accrued and unpaid interestinterest and Special Interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II XIV of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price Optional Redemption Price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date prior to July 1, 2019 (one month prior to the maturity date), in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Make-Whole Redemption Date”). The Securities will be redeemable , at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingTrustee, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Make-Whole Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Make-Whole Redemption Date) discounted from their scheduled date of payment to the Make-Whole Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 10 basis pointspoints (such greater amount is referred to herein as the “Make-Whole Redemption Price”), plus, in either the case of clause (i) or clause (ii), accrued and unpaid interestinterest and Special Interest, if any, thereon to but excluding the Make-Whole Redemption Date. In addition, the Offered Securities will be subject to redemption at the option of the Company on any date (a “Par Redemption Date”) on or after July 1, 2019 (one month prior to the maturity date), in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), at a redemption price equal to 100% of the principal amount of the Offered Securities to be redeemed (the “Par Redemption Price”), plus accrued and unpaid interest and Special Interest, if any, thereon to but excluding the Par Redemption Date. This Security is also subject to redemption to the extent provided in Article II XIV of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Make-Whole Redemption Date or Par Redemption Date, as applicable, unless the Company shall default in the payment of any such redemption price Make-Whole Redemption Price or Par Redemption Price, as applicable, and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will Bonds in the Variable Rate Mode may be subject to redemption redeemed, in whole or in part, on any Interest Payment Date, in each case at the option of the Company on any date but only with the prior to written consent of the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable Bank and at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be the Bonds being redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be plus accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Dateredemption date. This Security is also subject In order to redemption exercise its option to so redeem Bonds in the Variable Rate Mode, the Company shall deliver to the extent provided in Article II Trustee notice of its election to so redeem, accompanied by the written consent of the Third Supplemental IndentureBank to such redemption, at least thirty-five (35) days prior to the proposed redemption date. If Bonds in the giving of the Fixed Rate Mode may be redeemed in whole or in part on any date for which proper notice of redemption is completed can be given, in each case by the Issuer at the option of the Company, as provided in the Indenture. Extraordinary Redemption. The Bonds are subject to redemption, interest in whole or in part, at any time, by the Trustee at the direction of the Bank, or in the event the Bonds are not secured by a Letter of Credit, at the direction of the Company, from insurance proceeds or condemnation awards upon the damage or destruction or condemnation of the Project, if such amounts are not applied to the reconstruction of the Project. In the event of a partial redemption of the Bonds pursuant to this paragraph, the Bank, or in the event the Bonds are not secured by the Letter of Credit, the Company, shall direct which Bonds are to be redeemed. Notice of Redemption. Notice of the call for redemption shall be given as provided in the Indenture to the registered owner of the Bonds to be redeemed at the address last shown on the registration books. Failure to give such Securities notice by mailing, or portions any defect therein, shall not affect the validity of Securities shall any proceedings for the redemption of any other Bonds. Bonds called for redemption will cease to accrue on and bear interest after the Redemption Datedate specified for their redemption, unless the Company shall default in provided funds for the payment thereof are then on deposit at the place of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securitiespayment.

Optional Redemption. The Securities will be Notes are subject to redemption at upon not less than 30 or more than 60 days’ notice to the option Holders of the Company on Notes to be redeemed as provided in the Indenture, at any date prior to the maturity date, in whole time or from time to time prior to August 15, 2023, as a whole or in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof)election of the Company, on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price Redemption Price equal to the greater of of: (i) 100% of the principal amount of such Securities the Notes being redeemed, plus accrued and unpaid interest to be redeemed the Redemption Date and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingAgent, the sum of the present values of the remaining scheduled payments of principal of and interest thereon due on the Notes to be redeemed (not including any date after the Redemption Date (excluding the portion of payments of interest that will be accrued and unpaid to and including as of the Redemption Date) discounted from their scheduled date of payment to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate Rate, plus 35 30 basis points, plus, in either the case of clause (i) or clause (ii), points plus accrued and unpaid interest, if any, thereon interest to the Redemption Date. This Security is also In addition, the Notes are subject to redemption upon not less than 30 or more than 60 days’ notice to the extent provided in Article II Holders of the Third Supplemental Indenture. If the giving of the notice of redemption is completed Notes to be redeemed as provided in the Indenture, at any time or from time to time on or after August 15, 2023, as a whole or in part, at the election of the Company, at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed, plus accrued and unpaid interest on to the Redemption Date If less than all the Notes are to be redeemed, selection of Notes for redemption will be made [Insert for Global Notes – by the Depositary by lot or other means in accordance with the Depositary’s procedures] [Insert for a Definitive Security - by the Trustee in such Securities or portions manner as it shall deem appropriate and fair]. Unless the Company defaults in payment of Securities shall cease to accrue on such Redemption Price, from and after the Redemption Date, unless the Company shall default Notes or portions thereof called for redemption will cease to bear interest, and the Holders thereof will have no right in respect of such Notes except the payment of any such redemption price and accrued interest with respect right to any such Security or portion receive the Redemption Price thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date (the “Make-Whole Redemption Date”) prior to November 14, 2024 (three months prior to the maturity date) (the “Par-Call Date”), in whole or from time to time in part, in $€1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders Holders thereof not less than 30 10 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Make-Whole Redemption Date”). The Securities will be redeemable Date at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered an amount equal to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Make-Whole Redemption Date, assuming that the Securities matured on the Par-Call Date (based on the original interest and excluding the portion of interest that will be accrued and unpaid to and including the Make-Whole Redemption Date) discounted from their scheduled date of payment to the Make-Whole Redemption Date on an annual basis (assuming a 360-day year consisting of twelve 30-day monthsACTUAL/ACTUAL (ICMA)) at the Adjusted Redemption Treasury Comparable Government Bond Rate plus 35 15 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interestinterest thereon to but excluding the Make-Whole Redemption Date. In addition, the Securities will be subject to redemption at the option of the Company on any date (a “Par Redemption Date”) on or after the Par-Call Date, in whole or from time to time in part, in €1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Holders thereof not less than 10 days nor more than 90 days prior to the Par Redemption Date at a redemption price equal to 100% of the principal amount of the Securities to be redeemed (the “Par Redemption Price”), plus accrued and unpaid interest and Special Interest, if any, thereon to but excluding the Par Redemption Date. This Security is also subject to redemption to the extent provided in Article II XIV of the Third Indenture. Any notice of redemption delivered to Holders pursuant to the terms of this Security, the Base Indenture and the Sixteenth Supplemental IndentureIndenture may be subject to the satisfaction of one or more conditions precedent established by the Company in its discretion. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Make-Whole Redemption Date or Par Redemption Date, as applicable, unless the Company shall default in the payment of any such redemption price Make-Whole Redemption Price or Par Redemption Price, as applicable, and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities servicer has the option to purchase all of the receivables on any distribution date on which the aggregate principal balance of the receivables is 10% or less of the aggregate principal balance of the receivables as of the related cutoff dates (calculated after giving effect to the principal balance of any subsequent receivables as of their respective subsequent cutoff dates) (provided, however, that the servicer will require the consent of MBIA Insurance Corporation, if such purchase would result in a claim on the note policy or would result in any amount owing to MBIA Insurance Corporation remaining unpaid) at a price not less than the outstanding principal balance of the notes plus accrued and unpaid interest thereon. The trust will apply such payment to the prepayment of the notes in full. Mandatory Partial Prepayment If an amount equal to or less than $50,000 remains on deposit in the pre-funding account at the end of the funding period, then the class A-1 notes will be subject prepaid in part on the distribution date on which the funding period ends (or on the distribution date immediately following the last day of the funding period, if the funding period does not end on a distribution date) (which distribution date we refer to as the mandatory redemption date). If an amount in excess of $50,000 remains on deposit in the pre-funding account at the option end of the Company on any date prior to funding period, then the maturity date, in whole or from time to time notes will be prepaid in part, in $1,000 increments (provided that any remaining pro rata, based on the then current principal amount thereof shall be at least balance of each class of the minimum authorized denomination thereof)notes, on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for mandatory redemption in such notice (the “Redemption Date”)date. The Securities aggregate amount of any such prepayment will be redeemable at a redemption price equal to the greater balance remaining on deposit in the pre-funding account, exclusive of (i) 100% any investment earnings thereon, after giving effect to the purchase of all subsequent receivables, including any purchase of subsequent receivables on the date the funding period ends. Pre-Funding Account On the closing date, approximately $___________ of the principal proceeds from the sale of the notes by the trust will be deposited into an account, which we refer to as the pre-funding account, for the purchase of additional receivables after the closing date. Capitalized Interest Account On the closing date, a cash amount of such Securities approximately $______ shall be deposited in an account, which we refer to as the capitalized interest account, from a portion of the proceeds of the sale of the notes. The amount deposited in the capitalized interest account will be redeemed available on each of the distribution dates occurring in July 2003 and (ii) as determined August 2003 to cover the projected interest shortfall in respect of the notes and the amounts on deposit in the pre-funding account during the pre-funding period. This term sheet supersedes any previous term sheet, and will be superseded by the Quotation Agent information set forth in the prospectus and delivered prospectus supplement. This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Citigroup Global Markets Inc. immediately. The Note Policy Pursuant to a financial guaranty insurance policy, MBIA Insurance Corporation will unconditionally and irrevocably guarantee the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal full and interest thereon due on any date after the Redemption Date (excluding the portion timely payment of interest that will be accrued and unpaid to and including principal on the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest notes on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securitieseach distribution date.

Optional Redemption. The Securities will be subject At any time prior to redemption at the option of the Company on any date March 10, 2048 (six months prior to the maturity dateStated Maturity), in whole the Company may, at its option, upon notice as provided below, redeem at any time all, or from time to time in partany part of, in $1,000 increments (provided that any remaining the bonds of the Twenty-third Series at 100% of the principal amount thereof shall be at least so redeemed, and the minimum authorized denomination thereof), on Make-Whole Amount determined for the Settlement Date specified by the Company in such notice with respect to such principal amount. The Company will give each registered owner of bonds of the Twenty-third Series written notice (by first class mail or such other method as may be agreed upon by the Company and such registered owner) of each optional redemption under this subsection (I) mailed or otherwise given to the Securityholders thereof not less than 30 days nor and not more than 90 60 days prior to the date fixed for redemption in such redemption, to each such registered owner at his, her or its last address appearing on the bond register. Each such notice shall specify the Settlement Date (which shall be a Business Day), the “Redemption aggregate principal amount of the bonds of the Twenty-third Series to be redeemed on such date, the principal amount of each bond held by such registered owner to be redeemed (determined in accordance with subsection (II) of this section), and the interest to be paid on the Settlement Date with respect to such principal amount being redeemed, and shall be accompanied by a certificate signed by a Senior Financial Officer as to the estimated Make-Whole Amount due in connection with such redemption (calculated as if the date of such notice were the date of the redemption), setting forth the details of such computation. Two Business Days prior to such Settlement Date”), the Company shall send to each registered owner of bonds of the Twenty-third Series (by first class mail or by such other method as may be agreed upon by the Company and such registered owner) a certificate signed by a Senior Financial Officer specifying the calculation of such Make-Whole Amount as of the specified Settlement Date. As promptly as practicable after the giving of the notice and the sending of the certificates provided in this subsection, the Company shall provide a copy of each to the Corporate Trustee. The Securities Trustee shall be under no duty to inquire into, may conclusively presume the correctness of, and shall be fully protected in relying upon the information set forth in any such notice or certificate. At any time on or after March 10, 2048, the bonds of the Twenty-third Series will be redeemable at the option of the Company, in whole or in part, on not less than 30 nor more than 60 days’ notice prior to the Settlement Date, at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities the bonds of the Twenty-third Series to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingredeemed, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be plus accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, interest thereon to the Redemption Settlement Date. This Security is also The bonds of the Twenty-third Series are not otherwise subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities voluntary or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securitiesoptional redemption.

Optional Redemption. The Securities will be If the length of time from the Conversion Date to the final maturity date of the Bonds is seven (7) years or more, the Bonds are subject to redemption by the Board, at the option of the Company Company, on any date prior to or after the maturity datefifth (5th) anniversary of the Conversion Date, in whole at any time or from time to time in partpart on any Interest Payment Date, in $1,000 increments (provided that any remaining at the redemption price of 100% of the principal amount thereof being redeemed plus accrued interest to the redemption date. In the event any of the Bonds or portions thereof are called for redemption as aforesaid, notice of the call for redemption, identifying the Bonds or portions thereof to be redeemed and the redemption price, shall be given by the Trustee by mailing a copy of the redemption notice by first-class mail at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof thirty (30) days but not less than 30 days nor more than 90 sixty (60) days prior to the date fixed for redemption to the Owner of each Bond to be redeemed in whole or in part at the address shown on the registration books. Any notice mailed as provided above shall be conclusively presumed to have been duly given, whether or not the Owner receives the notice. No further interest shall accrue on the principal of any Bond called for redemption after the redemption date if moneys sufficient for such notice (redemption have been deposited with the “Redemption Date”)Trustee. If less than all the Bonds are to be redeemed, the particular Bonds or portions thereof to be redeemed shall be selected by the Trustee by lot. The Securities will be redeemable at a redemption price equal Bonds are issued pursuant to and in full compliance with the Constitution and laws of the State, particularly the Act, and by appropriate action duly taken by the Board which authorizes the execution and delivery of the Agreement and the Indenture. The Bonds have been issued under the provisions of the Act. Notwithstanding anything to the greater contrary contained herein or in the Indenture, the Agreement, or in any other instrument or document executed by or on behalf of (i) 100% the Board in connection herewith, no stipulation, covenant, agreement or obligation contained herein or therein shall be deemed or construed to be a stipulation, covenant, agreement or obligation of any present or future member, commissioner, director, trustee, officer, employee or agent of the Board, or of any successor to the Board, in any such person's individual capacity, and no such person, in his individual capacity, shall be liable personally for any breach or nonobservance of or for any failure to perform, fulfill or comply with any such stipulations, covenants, agreements or obligations, nor shall any recourse be had for the payment of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interestpremium, if any, or interest on any of the Bonds or for any claim based thereon or on any such stipulation, covenant, agreement or obligation, against any such person, in his individual capacity, either directly or through the Board or any successor to the Redemption DateBoard, under any rule of law or equity, statute or constitution or by the enforcement of any assessment or penalty or otherwise, and all such liability of any such person, in his individual capacity, is hereby expressly waived and released. This Security is also subject The Owner of this Bond shall have no right to redemption to enforce the extent provided in Article II provisions of the Third Supplemental Indenture or to institute action to enforce the covenants therein, or to take any action with respect to any default under the Indenture, or to institute, appear in or defend any suit or other proceedings with respect thereto, unless certain circumstances described in the Indenture shall have occurred. If In certain events, on the giving of conditions, in the notice of redemption is completed as provided manner and with the effect set forth in the Indenture, the principal of all the Bonds issued under the Indenture and then outstanding may become or may be declared due and payable before the stated maturity thereof, together with interest on accrued thereon. The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Board and the rights of the Owners of the Bonds at any time by the Board with the consent of the Company, the Bank and the holders of all Bonds at the time outstanding. Any such Securities consent or portions any waiver by the Company, the Bank and the holders of Securities all Bonds shall cease to accrue on be conclusive and after binding upon the Redemption Date, unless the Company shall default in the payment Owner and upon all future Owners of this Bond and of any Bond issued in replacement hereof whether or not notation of such redemption price and accrued interest with respect to any such Security consent or portion thereofwaiver is made upon this Bond. The Company Indenture also contains provisions which, subject to certain conditions, permit or require the Trustee to waive certain past defaults under the Indenture and their consequences. It is hereby certified, recited and declared that all acts, conditions and things required to exist, happen and be performed precedent to and in connection with the execution and delivery of the Indenture and the issuance of this Bond do exist, have happened and have been performed in due time, form and manner as required by law; and that the issuance of this Bond and the issue of which it forms a part, together with all other obligations of the Board does not exceed or violate any constitutional or statutory limitation. This Bond shall not be required valid or become obligatory for any purpose or be entitled to make mandatory redemption any security or sinking fund payments with respect benefit under the Indenture until the certificate of authentication hereon shall have been signed by the Trustee or a duly appointed authenticating agent pursuant to the SecuritiesIndenture.

Optional Redemption. The Securities will be subject (a) Subject to redemption at the option provisions of this Article XI, the Company on any date prior shall have the right to redeem the maturity dateSecurities, in whole or in part, at any time or from time to time in parttime, in $1,000 increments (provided that any remaining principal amount thereof shall be at least after the minimum authorized denomination thereof)issuance of the Capital Securities, on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed plus the Make-Whole Premium, if any, plus any accrued and unpaid interest thereon (iiincluding Compounded Interest, if any) and Additional Interest, if any, to the date of such redemption (collectively, the "Redemption Price"). The Make-Whole Premium means the excess, if any, of (x) the sum, as determined by the a Quotation Agent and delivered to the Trustee in writingAgent, the sum of the present values of (i) the remaining scheduled payment at the Stated Maturity Date of the principal amount to be redeemed plus (ii) scheduled payments of interest on such principal and interest thereon due on amount (including any Compounded Interest) from the redemption date after to the Redemption Stated Maturity Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) "Remaining Life"), in each case discounted from their scheduled date of payment to the Redemption Date redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis pointsRate, plus, in either over (y) 100% of the case principal amount of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon Securities to be redeemed. Any redemption pursuant to this paragraph will be made upon not less than 30 days nor more than 60 days notice to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II Holder of the Third Supplemental IndentureSecurities, at the Redemption Price. If The Redemption Price shall be paid prior to 1:00 p.m., New York time, on the giving date of such redemption or at such earlier time as the Company determines and specifies in the notice of redemption is completed as provided in the Indentureredemption; PROVIDED, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Datethat, unless the Company shall default in deposit with the payment of any Trustee an amount sufficient to pay the Redemption Price by 11:00 a.m., New York time, on the date such redemption price and accrued interest with respect Redemption Price is to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securitiespaid.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date on or after prior March 14, 2045 (a “Par Redemption Date”), in whole at any time or in part from time to time (in $1,000 increments, provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), at a redemption price equal to 100% of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Par Redemption Date. The Securities will be subject to redemption at the option of the Company on any date prior to the maturity dateMarch 14, 2045 (a “Make Whole Redemption Date”), in whole at any time or in part from time to time in part, (in $1,000 increments (increments, provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such the Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon that would be due if the notes matured on any date after March 14, 2045 (the “Par Call Date”) (exclusive of interest accrued to the Make Whole Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Redemption) Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Make Whole Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Par Redemption Date or Make Whole Redemption Date, as applicable, unless the Company shall default in the payment of any such redemption price Redemption Price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject to redemption redeemable solely at the option of the Company on any date prior to the maturity date, in whole or in part (in integral multiples of $1,000 with any portion of a Holder’s Securities not redeemed to be in a minimum denomination of $2,000 and integral multiples in excess thereof) at any time and from time to time in part, accordance with the conditions set forth in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof)Indenture, on written notice given to the Securityholders thereof not less than 30 days nor more than 90 60 days prior written notice mailed (and/or to the extent permitted by applicable procedures or regulations, electronically delivered) to the holders of the Securities to be redeemed to the date fixed for redemption in such notice (the “Redemption Date”) and upon 45 days’ prior written notice to the Trustee (or such shorter period as agreed by the Trustee). The Securities redeemed pursuant to the optional redemption provisions of Article 3 of the Indenture prior to the maturity date will be redeemable redeemed at a redemption price Redemption Price equal to the greater of (i) 100% of the principal amount of such the Securities to be redeemed redeemed, and (ii) an amount, as determined by the Quotation Agent and delivered to the Trustee in writing, equal to the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate Rate, plus 35 45 basis points, plus, in either the case of clause (i) or clause (ii), plus accrued and unpaid interest, if any, thereon to to, but excluding, the Redemption Date. This Security is The Securities are also subject to redemption to the extent provided in Article II XIV of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price Redemption Price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject At any time and from time to redemption at the option of the Company on any date time prior to October 24, 2049, the maturity dateSecurities of this series shall be redeemable, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof)Company’s option, on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price Redemption Price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and redeemed, or (ii) as determined by the a Quotation Agent and delivered to the Trustee in writingAgent, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on (not including any date after the Redemption Date (excluding the portion of such payments of interest that will be accrued and unpaid to and including as of the Redemption Date) discounted from their scheduled ), calculated as if the maturity date of payment the Securities were October 24, 2049, and discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 30 basis points; in each case, plus, in either the case of clause (i) or clause (ii), plus accrued and unpaid interestinterest on such Securities to, if anybut excluding, thereon the Redemption Date. The Securities will be redeemable in whole or in part, at the Company’s option, at any time and from time to time on or after October 24, 2049 at a Redemption Price equal to 100% of the principal amount of the Securities being redeemed, plus accrued and unpaid interest to, but excluding, the Redemption Date. Notice of any such redemption shall be given by mail to Holders of the Securities to be redeemed, not less than 30 days nor more than 60 days prior to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed , all as provided in the Indenture. On and after the Redemption Date for the Securities or any portion thereof called for redemption, as applicable, interest on such Securities or portions of Securities shall cease to accrue on such Securities or any portion thereof called for redemption, unless the Company defaults in the payment of the Redemption Price and after accrued interest, if any. On or before the Redemption Date for such Securities or any portion thereof called for redemption, the Company shall deposit with the Trustee or a Paying Agent, funds sufficient to pay the Redemption Price of such Securities to be redeemed on the Redemption Date, unless and (except if the Company Redemption Date shall default be an Interest Payment Date) accrued interest, if any. If less than all of the Securities of this series are to be redeemed, the Depository shall select the Securities to be redeemed in accordance with its operational arrangements. If the payment Securities are not Global Notes held by the Depository, the Securities to be redeemed shall be selected by the Trustee by such method as the Trustee deems fair and appropriate; provided, however, that in no event shall Securities of any such redemption price and accrued interest with respect to any such Security a principal amount of $2,000 or portion thereof. The Company shall not less be required to make mandatory redemption or sinking fund payments with respect to the Securitiesredeemed in part.

Optional Redemption. The Securities will be subject to redemption at Beginning on or after September 24, 2020, the option of Issuer may redeem the Company on any date prior to the maturity date, Notes in whole or in part, at its option, at any time or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be prior to maturity on at least the minimum authorized denomination thereof)10 days, on written notice given to the Securityholders thereof but not less than 30 days nor more than 90 days 60 days, prior notice electronically delivered or mailed to each registered Holder of the date fixed for redemption in such notice Notes (the “Redemption Date”). The Securities If any or all of the Notes are redeemed on or after September 24, 2020 and before December 22, 2029 the Redemption Price will be redeemable at a redemption price equal to the greater of of: (i) 100% of the Table of Contents principal amount of such Securities the Notes to be redeemed and redeemed, or (ii) as determined by the Quotation Agent and delivered to the Trustee in writingAgent, the sum of the present values of the remaining scheduled payments of interest and principal and interest thereon due on any date after the Redemption Date (excluding the portion exclusive of interest that will be accrued and unpaid to and including to, but not including, the Redemption Date) discounted from their scheduled date of payment to the Redemption Date Date, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) ), at a rate equal to the Adjusted Redemption sum of the Treasury Rate plus 35 50 basis points, plus, in either case, accrued interest thereon to, but not including, the case Redemption Date; provided, however, if the Redemption Date is after a Regular Record Date and on or prior to a corresponding Interest Payment Date, such accrued and unpaid interest will be paid on the Redemption Date to the holder of clause record on the Regular Record Date. If any or all of the Notes are redeemed on or after December 22, 2029, the Redemption Price (icalculated by the Company) will be equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest to, but not including, the Redemption Date for such Notes. On and after the Redemption Date for the Notes, interest will cease to accrue on the Notes or clause (ii)any portion thereof called for redemption, unless the Issuer defaults in the payment of the Redemption Price and accrued interest, if any. On or before the Redemption Date for the Notes, the Issuer shall deposit with the Trustee or a Paying Agent, funds sufficient to pay the Redemption Price of the Notes to be redeemed on the Redemption Date, and accrued and unpaid interest, if any, thereon on such Notes. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected in accordance with the procedures of the Depositary; provided, however, that in no event, shall Notes of a principal amount of $2,000 or less be redeemed in part. Notice of any redemption shall be electronically delivered or mailed at least 10 days but not more than 60 days before the Redemption Date to each Holder of the Notes to be redeemed; provided, however, that if the Trustee is asked to give such notice it shall be notified in writing of such request at least 5 days prior to the date of the giving of such notice (unless a shorter notice shall be satisfactory to the Trustee). Such notice shall state the Redemption Price (if known) or the formula pursuant to which the Redemption Price is to be determined if the Redemption Price cannot be determined at the time the notice is given. If the Redemption Price cannot be determined at the time such notice is to be given, the actual Redemption Price, calculated as described above, shall be set forth in an Officer’s Certificate of the Issuer delivered to the Trustee no later than two Business Days prior to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice Notice of redemption is completed having been given as provided in the Indenture, interest the Notes called for redemption shall become due and payable on such Securities or portions of Securities shall cease to accrue on the Redemption Date and after at the applicable Redemption Price, plus accrued and unpaid interest, if any, to, but not including, the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The 1The Securities will be subject to redemption are redeemable, at the option of the Company on Company, at any date time prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the a date fixed by the Company for such redemption in such notice (the “Redemption Date”)) and at a price (the “Redemption Price”) equal to 100% of the principal amount thereof plus accrued and unpaid interest up to but not including the Redemption Date plus a Make-Whole Premium, if any is required to be paid. However, if the Redemption Date is after a Regular Record Date and on or prior to the corresponding Interest Payment Date, the interest will be paid on the Redemption Date to the person in whose name the Securities are registered at the close of business on the Regular Record Date and not included in the Redemption Price. The Securities Redemption Price will never be redeemable at a redemption price equal to the greater of (i) less than 100% of the principal amount of such the Securities plus accrued and unpaid interest up to be redeemed and (ii) as determined by but not including the Quotation Agent and delivered Redemption Date. The amount of the Make-Whole Premium is equal to the Trustee in writingexcess, if any, of: (i) the sum of the present values values, calculated as of the Redemption Date, of :(A) the remaining scheduled payments of principal and interest thereon on the Securities to be redeemed that would be due on any date after the Redemption Date but for such redemption (excluding except that, if such Redemption Date is not an Interest Payment Date, the portion amount of the next succeeding scheduled interest payment will be reduced by the amount of interest that will be accrued and unpaid thereon to and including the Redemption Date); and (B) discounted the principal amount that, but for the redemption, would have been payable at the Stated Maturity; over (ii) the aggregate principal amount of the Securities being redeemed. The present values of interest and principal payments referred to in clause (i) above will be determined in accordance with generally accepted principles of financial analysis. Those present values will be calculated by discounting the amount of each payment of interest or principal from their scheduled the date of that each payment would have been payable, but for the redemption, to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Adjusted Redemption Treasury Rate (as defined below) plus 35 basis points. ‘‘Treasury Rate’’ means, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect Redemption Date, the rate per annum equal to the Securitiessemiannual equivalent yield to maturity (computed as of the second Business Day immediately preceding such Redemption Date) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date.

Optional Redemption. The Company shall not have the right to redeem any Securities will be subject prior to redemption December 1, 2014, except to preserve the Company’s status as a real estate investment trust. If, at any time, the option Company determines that it is necessary to redeem the Securities in order to preserve the Company’s status as a real estate investment trust, the Company may redeem all or any part of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price payable in cash equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate Price plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to to, but excluding, the Redemption Date. This The Company shall have the right, at the Company’s option, at any time, and from time to time, on a Redemption Date on or after December 1, 2014, to redeem all or any part of the Securities at a price payable in cash equal to one hundred percent (100%) of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. Upon surrender to the Paying Agent of a Security is also subject to redemption Redemption, such Security shall be paid, to the extent provided in Article II of Holder surrendering such Security, at the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the IndentureRedemption Price plus accrued and unpaid interest to, interest on such Securities or portions of Securities shall cease to accrue on and after but excluding, the Redemption Date, unless the Company shall default in Redemption Date is after a Regular Record Date for the payment of any an installment of interest and on or before the related Interest Payment Date, in which case accrued and unpaid interest to, but excluding, such redemption price Interest Payment Date will be paid, on such Interest Payment Date, to the Holder of record of such Security at the close of business on such Regular Record Date, and accrued interest with respect the Holder surrendering such Security shall not be entitled to any such interest unless such Holder was also the Holder of record of such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to at the Securitiesclose of business on such Regular Record Date.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable , at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments Remaining Scheduled Payments of principal and interest thereon due on (not including any date after the Redemption Date (excluding the portion of such payments of interest that will be accrued and unpaid to and including as of the Redemption Date) discounted from their scheduled date of payment to the Redemption Date Date, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) ), at the Adjusted Redemption Treasury Rate plus 35 15 basis pointspoints (such greater amount is referred to herein as the “Redemption Price”), plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, interest thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable , at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments Remaining Scheduled Payments of principal and interest thereon due on (not including any date after the Redemption Date (excluding the portion of such payments of interest that will be accrued and unpaid to and including as of the Redemption Date) discounted from their scheduled date of payment to the Redemption Date Date, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) ), at the Adjusted Redemption Treasury Rate plus 35 20 basis pointspoints (such greater amount is referred to herein as the “Redemption Price”), plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, interest thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject At any time and from time to redemption at the option of the Company on any date time prior to February 15, 2023, the maturity dateSecurities of this series shall be redeemable, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof)Company's option, on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price Redemption Price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and redeemed, or (ii) as determined by the a Quotation Agent and delivered to the Trustee in writingAgent, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on (not including any date after the Redemption Date (excluding the portion of such payments of interest that will be accrued and unpaid to and including as of the Redemption Date) discounted from their scheduled ), calculated as if the maturity date of payment the Securities were February 15, 2023 and discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 20 basis points; in each case, plus, in either the case of clause (i) or clause (ii), plus accrued and unpaid interestinterest on such Securities to, if anybut excluding, thereon the Redemption Date. The Securities will be redeemable in whole or in part, at the Company's option, at any time and from time to time on or after February 15, 2023, at a Redemption Price equal to 100% of the principal amount of the Securities being redeemed, plus accrued and unpaid interest to, but excluding, the Redemption Date. Notice of any such redemption shall be given by mail to Holders of the Securities to be redeemed, not less than 30 days nor more than 60 days prior to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed , all as provided in the Indenture. On and after the Redemption Date for the Securities or any portion thereof called for redemption, as applicable, interest on such Securities or portions of Securities shall cease to accrue on such Securities or any portion thereof called for redemption, unless the Company defaults in the payment of the Redemption Price and after accrued interest, if any. On or before the Redemption Date for such Securities or any portion thereof called for redemption, the Company shall deposit with the Trustee or a Paying Agent, funds sufficient to pay the Redemption Price of such Securities to be redeemed on the Redemption Date, unless and (except if the Company Redemption Date shall default be an Interest Payment Date) accrued interest, if any. If less than all of the Securities of this series are to be redeemed, the Depository shall select the Securities to be redeemed in accordance with its operational arrangements. If the payment Securities are not Global Notes held by the Depository, the Securities to be redeemed shall be selected by the Trustee by such method as the Trustee deems fair and appropriate; provided, however, that in no event shall Securities of any such redemption price and accrued interest with respect to any such Security a principal amount of $2,000 or portion thereof. The Company shall not less be required to make mandatory redemption or sinking fund payments with respect to the Securitiesredeemed in part.

Optional Redemption. The Securities will be subject to redemption Company may, at its option, redeem the option of the Company on any date prior to the maturity dateNotes, in whole or from time to time in part, in $1,000 increments (provided that beginning with the Interest Payment Date of June 30, 2021 and on any remaining principal amount thereof shall be at least the minimum authorized denomination thereof)Interest Payment Date thereafter, on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest (the “Redemption Price”) to, but excluding, the Redemption Date, subject to prior approval of the Federal Reserve Board to the extent that such Securities approval is required. If we elect to redeem the Notes, we will be required to notify the trustee of the aggregate principal amount of Notes to be redeemed and (ii) as determined the redemption date. If fewer than all of the Notes are to be redeemed, the trustee is required to select the Notes to be redeemed equally, by lot or in a manner it deems fair and appropriate. The Notes are not subject to repayment at the Quotation Agent and delivered option of the holders. The Company’s election to redeem any Notes shall be provided to the Trustee in writing, the sum form of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid an Officer’s Certificate at least 45 days prior to and including the Redemption Date) discounted from their scheduled date , or such shorter notice as may be acceptable to the Trustee. Any partial redemption will be made in accordance with the Base Indenture. In the case of payment any partial redemption, the Company shall, at least 60 days prior to the Redemption Date fixed by the Company (assuming unless a 360-day year consisting of twelve 30-day months) at shorter notice shall be satisfactory to the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (iiTrustee), accrued notify the Trustee of such Redemption Date and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II principal amount of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease Notes to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securitiesredeemed.

Optional Redemption. The Securities will be subject to redemption Company may, at the option of the Company its option, on any date prior to the maturity date, on or after October 30, 2010, redeem the Securities in whole at any time or in part from time to time in parttime, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to the greater of one hundred percent (i100%) 100% of the principal amount of such Securities to be redeemed and thereof (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum or of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the redeemed portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis pointsthereof, plusas applicable), together, in either the case of clause (i) or clause (ii)any such redemption, with accrued and unpaid interest, if anyincluding any Additional Interest, thereon to but excluding the date fixed as the Redemption Date (the “Optional Redemption Price”). In the event that a Holder does not consent to a proposed amendment under Section 9.2(a) or a requested waiver under Section 10.7, the Company at its option may redeem in part or in whole the Securities of each Holder at the Optional Redemption Price. Notwithstanding anything to the Redemption Date. This Security is also subject contrary herein, the Company, may, at its option, on any date on or after October 30, 2010, redeem the Securities in whole at any time or in part from time to redemption time by delivering to the extent provided Holders certain replacement securities acceptable to the Holders in Article II their sole discretion in par amounts greater than or equal to the Securities being redeemed, exclusive of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, any accrued interest on such the Securities or portions of Securities shall cease being redeemed (the “In-Kind Redemption Price”). Notwithstanding anything to accrue on and after the Redemption Datecontrary herein, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption pay accrued interest on the Securities being redeemed in connection with the Company’s payment of the In-Kind Redemption Price. The Holders of not less than a majority in aggregate principal amount of the Outstanding Securities may agree to waive or sinking fund payments alter the notice requirements set forth in Section 11.5 hereof with respect to any redemption described in the Securitiestwo preceding sentences.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on (a) At any date time before thirty (30) days prior to the maturity dateMaturity Date, the Company shall have the right to redeem the Notes at its option and in its sole discretion, in whole or from time to time in part, in $1,000 increments . The redemption price (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption DatePrice”). The Securities ) will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities the Notes to be redeemed plus unpaid interest, if any, accrued thereon to, but excluding, the Redemption Date; provided, however, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, the Company will pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes for redemption) and the Redemption Price shall be equal to 100% of the principal amount of the Notes to be redeemed or (ii) as determined by the Quotation Agent and delivered to the Trustee in writingAgent, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on (not including any date after the Redemption Date (excluding the portion of such payments of interest that will be accrued and unpaid to and including as of the Redemption Date) discounted from their scheduled date of payment to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 30 basis points, plus, in either the case points (0.30% or thirty one-hundredths of clause (i) or clause (iione percent), plus accrued and unpaid interestinterest thereon to, if anybut excluding, thereon to the Redemption Date. This Security is also subject to redemption Notwithstanding the foregoing, if the Notes are redeemed on or after thirty (30) days prior to the extent provided in Article II Maturity Date, the Redemption Price will be equal to 100% of the Third Supplemental Indenture. If the giving principal amount of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the SecuritiesNotes being redeemed.

Optional Redemption. The Securities will Except as set forth below, the Issuer shall not be subject entitled to redemption at redeem the option of Securities. At any time prior to February 15, 2029 (the Company on any date that is six months prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least date of the minimum authorized denomination thereofSecurities), on written notice given the Issuer is entitled to redeem all or a part of the Securityholders thereof Securities upon not less than 30 days 10 nor more than 90 days 60 days’ notice at a redemption price equal to 100% of the principal amount of the Securities redeemed plus the Applicable Premium as of, and accrued and unpaid interest to, but excluding, the date of redemption (the ‘‘Redemption Date’’), subject to the rights of holders of record of Securities on the relevant record date to receive interest due on the relevant interest payment date. With respect to any such redemption, the Issuer shall notify the Trustee of the Applicable Premium with respect to the Securities to be redeemed promptly after the calculation thereof and the Trustee will not be responsible for such calculation. On or after February 15, 2029 (the date that is six months prior to the maturity date fixed of the Securities), the Issuer is entitled to redeem all or a part of the Securities upon not less than 10 nor more than 60 days’ notice, at a redemption price equal to 100% of the principal amount of the Securities redeemed plus accrued and unpaid interest to, but excluding, the Redemption Date, subject to the rights of holders of record of Securities on the relevant record date to receive interest due on the relevant interest payment date. Unless the Issuer defaults in the payment of the redemption price, interest will cease to accrue on the Securities or portions thereof called for redemption on the applicable Redemption Date. In addition, any redemption of Securities as described above or notice thereof may, at the Issuer’s discretion, be subject to one or more conditions precedent, including, but not limited to, completion of a corporate transaction or other event. If any redemption is so subject to the satisfaction of one or more conditions precedent, the notice thereof shall describe each such condition and, if applicable, shall state that, in the Issuer’s sole discretion, the Redemption Date may be delayed until such time as any or all such conditions shall be satisfied (or waived by the Issuer in its sole discretion), and/or such redemption may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied (or waived by the Issuer in its sole discretion) by the Redemption Date, or by the Redemption Date as so delayed, and/or that such notice may be rescinded at any time by the Issuer if the Issuer determines in its sole discretion that any or all of such conditions will not be satisfied (or waived). If any Redemption Date shall be delayed as contemplated by this paragraph and the terms of the applicable notice of redemption, such Redemption Date as so delayed may occur at any time after the original Redemption Date set forth in the applicable notice of redemption and after the satisfaction (or waiver) of any applicable conditions precedent, including, without limitation, on a date that is less than 10 days after the original Redemption Date or more than 60 days after the date of the applicable notice of redemption. In addition, the Issuer may provide in such notice (that payment of the “Redemption Date”)redemption price and performance of the Issuer’s obligations with respect to such redemption may be performed by another Person. The Notwithstanding the foregoing, in connection with any tender offer or Change of Control Offer, if the holders of Securities of not less than 90% in the aggregate principal amount of the outstanding Securities validly tender and do not validly withdraw such Securities in such offer, and the Issuer or a third party in lieu of the Issuer, purchases all of the Securities validly tendered and not validly withdrawn by such holders, the Issuer or such third party will be redeemable have the right upon not less than 10 nor more than 60 days’ prior notice to redeem all Securities that remain outstanding following such purchase at a redemption price equal to the greater price offered to each other holder (excluding any early tender or incentive fee) in such tender offer or Change of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered Control Offer plus, to the Trustee extent not included in writing, the sum tender offer or Change of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii)Control Offer, accrued and unpaid interest, if any, thereon to to, but excluding, the Redemption Date. This Security is also subject to redemption to the extent provided in Article II date of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securitiesredemption.

Optional Redemption. The Securities will Notes shall be subject to redemption redeemable at the option of the Company on any date prior to the maturity dateIssuer, in whole or from time to time in part, in $1,000 increments at any time prior to August 15, 2030 (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days three months prior to the date fixed for redemption in such notice (stated maturity of the Notes)(the “Redemption Par Call Date”). The Securities will be redeemable , at a redemption price Redemption Price equal to the greater of the following amounts, plus, in each case, accrued and unpaid interest thereon to, but not including, the Redemption Date: (i) 100% of the aggregate principal amount of such Securities the Notes to be redeemed and on the Redemption Date, or (ii) as determined by the Quotation Agent and delivered to the Trustee in writingIndependent Investment Banker, the sum of the present values of the remaining scheduled Remaining Scheduled Payments (not including any portion of payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion accrued as of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date on a semi-annual basis at the Treasury Rate plus 0.300% (30 basis points). The Redemption Price shall be calculated assuming a 360-360- day year consisting of twelve 30-day months) . On or after August 15, 2030 (three months prior to the stated maturity of the Notes), the Issuer may redeem the Notes at the Adjusted its option, either in whole or in part, at a Redemption Treasury Rate plus 35 basis pointsPrice equal to 100%, plus, in either the case of clause (i) or clause (ii)each case, accrued and unpaid interestinterest thereon to, if anybut not including, thereon to the Redemption Date. This Security is also Notwithstanding the foregoing, installments of interest on Notes that are due and payable on an Interest Payment Date falling on or prior to the relevant Redemption Date shall be payable to the Holders of such Notes registered as such at the close of business on the relevant Regular Record Date according to their terms and the provisions of the Senior Indenture. Notice of any redemption of the Notes in connection with a corporate transaction (including any equity offering, an incurrence of indebtedness or a transaction involving a change of control of the Issuer) may, at the Issuer’s discretion, be given prior to the completion thereof and any such redemption or notice may, at the Issuer’s discretion, be subject to redemption to the extent provided in Article II one or more conditions precedent, including, but not limited to, completion of the Third Supplemental Indenturerelated transaction. If the giving of the notice of such redemption is completed as provided so subject to satisfaction of one or more conditions precedent, such notice shall describe each such condition and such notice may be rescinded in the Indenture, interest on event that any or all such Securities or portions of Securities conditions shall cease to accrue on and after not have been satisfied by the Redemption Date. In addition, unless the Company shall default Issuer may provide in the such notice that payment of any such redemption price the Redemption Price and accrued interest performance of the Issuer’s obligations with respect to any such Security or portion thereof. The Company shall not redemption may be required to make mandatory redemption or sinking fund payments with respect to the Securitiesperformed by another person.

Optional Redemption. The Securities will be Notes of this series are subject to redemption at the option of the Company on any date prior time or from time to the maturity datetime, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable Company’s option at a redemption price Redemption Price equal to the greater of (i) 100% of the principal amount of such Securities the Notes to be redeemed redeemed, and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingAgent, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on in respect of the Notes to be redeemed (not including any date after the Redemption Date (excluding the portion interest accrued as of interest that will be accrued and unpaid to and including the Redemption Date) from the Redemption Date through May 15, 2021, in each case discounted from their scheduled date of payment to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 30 basis points, plusplus accrued and unpaid interest on the Notes to be redeemed to the Redemption Date. In addition, the Notes are subject to redemption at any time or from time to time, in either whole or in part, at the case Company’s option, after May 15, 2021, at a redemption price equal to 100% of clause (i) or clause (ii), the principal amount of the Notes to be redeemed plus accrued and unpaid interest, if any, thereon on such Notes to, but excluding, the Redemption Date. The Company may provide in such notice that payment of such price and performance of the Company’s obligations with respect to such redemption or purchase may be performed by another Person. Any such notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent. Any notice to holders of Notes of a redemption pursuant to this paragraph 5 will include the appropriate calculation of the Redemption Price, but does not need to include the Redemption Price itself. The actual Redemption Price, calculated as described above, will be set forth in an Officers’ Certificate of the Company delivered to the Trustee no later than two Business Days prior to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable , at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writingTrustee, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 15 basis pointspoints (such greater amount is referred to herein as the “Optional Redemption Price”), plus, in either the case of clause (i) or clause (ii), accrued and unpaid interestinterest and Special Interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article II XIV of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price Optional Redemption Price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Company may redeem the Offered Securities will be subject to redemption at the option of the Company on any date prior to the maturity dateits option, in whole or in part, at any time and from time to time in parttime, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price (expressed as a percentage of principal and rounded to three decimal places) equal to the greater of of: (i) 100% of the principal amount of such Securities to be redeemed and (iia) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 10 basis pointspoints less (b) interest accrued to the date of redemption, and (ii) 100% of the principal amount of the Offered Securities to be redeemed, plus, in either the case of clause (i) or clause (ii)case, accrued and unpaid interest, if any, interest thereon to the Redemption Dateredemption date. Notice of any redemption shall be mailed or electronically delivered (or otherwise transmitted in accordance with the Depositary’s applicable procedures) at least 10 days but not more than 60 days before the redemption date to each Holder of the Offered Securities to be redeemed. This Security is also subject to redemption to the extent provided in Article II XIV of the Third Base Indenture and Section 1.3(4) of the Nineteenth Supplemental Indenture. Any notice of redemption delivered pursuant to the terms of the Offered Securities and the Base Indenture, as supplemented by the Nineteenth Supplemental Indenture, may, at the Company’s discretion, be subject to one or more conditions precedent and, at the Company’s discretion, the redemption date may be delayed until such time as any or all such conditions shall be satisfied (or waived by the Company in its sole discretion) or the redemption date may not occur at all and such notice may be rescinded if all such conditions shall not have been satisfied (or waived by the Company in its sole discretion). If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Dateapplicable redemption date, unless the Company shall default in the payment of the applicable redemption price, including any such redemption price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will Series Y Preferred Units shall be subject to redemption redeemed at the option same time, to the same extent, and applying, except as set forth below, similar procedures, as any redemption by the General Partner of the Company on any date prior Depositary Shares. The redemption price, payable in cash, shall equal the Liquidation Preference (the “Series Y Redemption Price”). Unless otherwise agreed, the Partnership will deliver into escrow with an escrow agent acceptable to the maturity datePartnership and the holders of the Series Y Preferred Units being redeemed (the “Escrow Agent”) the Series Y Redemption Price and an executed Redemption Agreement, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least substantially the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice form attached as Exhibit A (the “Redemption DateAgreement”). The Securities will be redeemable at a redemption price equal , and an Amendment to the greater Agreement of (i) 100% Limited Partnership evidencing the Redemption, in substantially the form attached as Exhibit B. The holders of the principal amount of such Securities Series Y Preferred Units to be redeemed will also deliver into escrow with the Escrow Agent an executed Redemption Agreement and (ii) as determined by the Quotation Agent and delivered an executed Amendment to the Trustee in writing, Agreement of Limited Partnership evidencing the sum redemption. Upon delivery of all of the present values above-described items by both parties, on the redemption date the Escrow Agent shall release the Series Y Redemption Price to the holders of the remaining scheduled payments Series Y Preferred Units and the fully-executed Redemption Agreement and Amendment to Agreement of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid Limited Partnership to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Redemption Dateboth parties. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on On and after the Redemption Datedate of redemption, distributions will cease to accumulate on the Series Y Preferred Units called for redemption, unless the Company shall default Partnership defaults in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereofthe Series Y Redemption Price. The Company Redemption Right (as such term is defined in the Partnership Agreement) given to Limited Partners (as such term is defined in the Partnership Agreement) in Section 8.6 of the Partnership Agreement shall not be required to make mandatory redemption or sinking fund payments with respect available to the Securities.holders of the Series Y Preferred Units and all references to Limited Partners in said Section 8.6 (and related provisions of the Partnership Agreement) shall not include holders of the Series Y Preferred Units. 

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date on or after prior November 14, 2025 (a “Par Redemption Date”), in whole at any time or in part from time to time (in $1,000 increments, provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), at a redemption price equal to 100% of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Par Redemption Date. The Securities will be subject to redemption at the option of the Company on any date prior to the maturity dateNovember 14, 2025 (a “Make Whole Redemption Date”), in whole at any time or in part from time to time in part, (in $1,000 increments (increments, provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such the Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon that would be due if the notes matured on any date after November 14, 2025 (the “Par Call Date”) (exclusive of interest accrued to the Make Whole Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Redemption) Treasury Rate plus 35 30 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to the Make Whole Redemption Date. This Security is also subject to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Par Redemption Date or Make Whole Redemption Date, as applicable, unless the Company shall default in the payment of any such redemption price Redemption Price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will may be subject to redemption redeemed at any time, at the option of the Company on any date prior to the maturity dateCompany, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such the Securities then outstanding to be redeemed and redeemed, or (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of the principal amount to be redeemed and interest thereon due on any date after (assuming that the Redemption Three-Month LIBOR Rate through the Stated Maturity Date (excluding of the portion Securities would remain constant as of interest that will be accrued and unpaid to and including the Redemption Date) ), exclusive of accrued but unpaid interest to the Redemption Date, discounted from their scheduled date of payment to the Redemption Date on a bond-equivalent yield basis (assuming a 360-day year consisting of twelve 30-day months) and at a rate per annum equal to the Adjusted Three-Month LIBOR Rate as of the Redemption Treasury Rate Date plus 35 25 basis pointspoints (0.25%), plus, plus in either the case of clause (i) or clause (ii)each case, accrued and unpaid interest, if any, thereon interest to the Redemption DateDate (the “Redemption Price”). This Security Periodic interest installments with respect to which the Interest Payment Date is also subject prior to redemption any Redemption Date will be payable to Holders of record at the extent provided in Article II close of business on the Third Supplemental Indenture. If the giving of the notice of redemption is completed relevant Record Dates referred to herein, all as provided in the Indenture, interest on such Securities or portions . Notice of redemption will be mailed at least 30 days but not more than 60 days before the Redemption Date to each Holder of Securities shall to be redeemed at his registered address. Securities in denominations larger than $1,000 may be redeemed in part but only in whole multiples of $1,000. On or after the Redemption Date interest will cease to accrue on and after Securities or on the portions thereof called for redemption, as the case may be. The Trustee shall not be responsible for the calculation of the Redemption Date, unless the Company shall default in the payment of any such redemption price and accrued interest with respect to any such Security or portion thereofPrice. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to notify the SecuritiesTrustee of the Redemption Price promptly after the calculation thereof.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided PROVIDED that any remaining principal Principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders Holders thereof not less than 30 days nor more than 90 60 days prior to the date fixed for redemption in such notice (the “"Redemption Date”"). The Securities will be redeemable , at a redemption price equal to the greater of (ia) 100% of the principal Principal amount of such Securities to be redeemed and (iib) as determined by the Quotation Agent and delivered to the Trustee in writingIndependent Investment Banker, the sum of the present values of the remaining scheduled payments Remaining Scheduled Payments of principal Principal and interest thereon due on (not including any date after the Redemption Date (excluding the portion of such payments of interest that will be accrued and unpaid to and including as of the Redemption Date) discounted from their scheduled date of payment to the Redemption Date Date, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) ), at the Adjusted Redemption Treasury Rate plus 35 ____ basis pointspoints (such greater amount is referred to herein as the "Redemption Price"), plus, in either the case of clause (ia) or clause (iib), accrued and unpaid interest, if any, interest thereon to the Redemption Date. This Security is also subject The Company shall calculate the Redemption Price not less than 30 days prior to redemption to the extent provided in Article II of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the . The Company shall default notify the Trustee in writing of the payment Redemption Price promptly on calculation thereof, and the Trustee shall have no duty or liability to calculate or verify the Redemption Price. Any redemption pursuant to this Section 3.01 shall be made pursuant to the provisions of any such redemption price and accrued interest with respect to any such Security or portion thereofSections 3.02 through 3.07 hereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.

Optional Redemption. The Securities will be subject to redemption at Company may redeem the option of the Company on any date prior to the maturity dateSecurities, in whole or in part (equal to an integral multiple of $1,000; provided that these Securities shall not be in denominations of less than $2,000), at its option at any time and from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”)time. The Redemption Price for the Securities to be redeemed will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of such the Securities to be redeemed redeemed, and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming the notes matured on the 2028 Par Call Date) on a semi-annual basis, assuming a 360-day year consisting of twelve 30-day months) , at the Adjusted Redemption Treasury Rate plus 35 30 basis points, plus, in either the case of clause (i) or clause (ii), less interest accrued and unpaid interest, if any, thereon to the Redemption Date. This The principal amount of a Security is also subject remaining outstanding after a redemption in part shall be $2,000 or an integral multiple of $1,000 in excess thereof. Notice of redemption shall be mailed (or otherwise transmitted in accordance with the procedures of The Depository Trust Company (“DTC”)) to each registered Holder of the Securities to be redeemed at least 10 days, and not more than 60 days (except that notices of redemption may be mailed (or otherwise transmitted in accordance with DTC procedures) more than 60 days prior to a Redemption Date if issued in connection with a defeasance of the applicable Securities or a satisfaction and discharge of the Indenture), prior to the extent provided in Article II of the Third Supplemental IndentureRedemption Date. If the giving of the Once notice of redemption is completed as provided mailed (or otherwise transmitted in accordance with the Indentureprocedures of DTC), the Securities called for redemption shall become due and payable on the Redemption Date and at the Redemption Price, plus accrued and unpaid interest on such Securities or portions of Securities shall cease to accrue on and after to, but excluding, the Redemption Date. Commencing on 2028 Par Call Date, unless the Company shall default Securities are redeemable at the option of the Company, at any time in whole or from time to time in part, at a Redemption Price equal to 100% of the payment principal amount of any such redemption price the Securities being redeemed, plus accrued and accrued unpaid interest with respect on the Securities to any such Security or portion thereofbe redeemed to, but excluding, the Redemption Date. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to For purposes of this paragraph, the Securities.following definitions are applicable:

Optional Redemption. The Company shall not have the right to redeem any Securities will be subject prior to redemption July 15, 2012, except to preserve the Company’s status as a real estate investment trust. If, at any time, the option Company determines that it is necessary to redeem the Securities in order to preserve the Company’s status as a real estate investment trust, the Company may redeem all or any part of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given to the Securityholders thereof not less than 30 days nor more than 90 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price payable in cash equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Trustee in writing, the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate Price plus 35 basis points, plus, in either the case of clause (i) or clause (ii), accrued and unpaid interest, if any, thereon to to, but excluding, the Redemption Date. This The Company shall have the right, at the Company’s option, at any time, and from time to time, on a Redemption Date on or after July 15, 2012, to redeem all or any part of the Securities at a price payable in cash equal to one hundred percent (100%) of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. Upon surrender to the Paying Agent of a Security is also subject to redemption Redemption, such Security shall be paid, to the extent provided in Article II of Holder surrendering such Security, at the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the IndentureRedemption Price plus accrued and unpaid interest to, interest on such Securities or portions of Securities shall cease to accrue on and after but excluding, the Redemption Date, unless the Company shall default in Redemption Date is after a record date for the payment of any an installment of interest and on or before the related interest payment date, in which case accrued and unpaid interest to, but excluding, such redemption price interest payment date will be paid, on such interest payment date, to the Holder of record of such Security at the close of business on such record date, and accrued interest with respect the Holder surrendering such Security shall not be entitled to any such interest unless such Holder was also the Holder of record of such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to at the Securitiesclose of business on such record date.

Optional Redemption. The Securities will be subject to redemption at the option of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on written notice given notice, sent by first class mail, to the Securityholders thereof not less than 30 days nor more than 90 60 days prior to the date fixed for redemption in such notice (the “Redemption Date”). The Securities will be redeemable at a redemption price Redemption Price equal to the greater of (i) 100% of the principal amount of such the Securities to be redeemed redeemed, and (ii) an amount, as determined by the Quotation Agent and delivered to the Trustee in writingTrustee, equal to the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate Rate, plus 35 15 basis points, plus, in either the case of clause (i) or clause (ii), plus accrued and unpaid interest, if any, thereon to to, but excluding, the Redemption Date. This Security is The Securities are also subject to redemption to the extent provided in Article II XIV of the Third Supplemental Indenture. If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of any such redemption price Redemption Price and accrued interest with respect to any such Security or portion thereof. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Securities.