Common use of Optional Renewal Clause in Contracts

Optional Renewal. If so provided in the applicable Note, such Note may be renewed by the Holder of the Note on an Interest Payment Date (provided in the applicable Note) occurring in or prior to the twelfth month following the Original Issue Date (the "Initial Maturity Date") in accordance with the procedures described below. Unless a Special Election Interval is provided in the applicable Note, on the Interest Payment Date occurring in the sixth month prior to the Initial Maturity Date (as provided in the applicable Note) of a Renewable Note (the "Initial Renewal Date") and on the Interest Payment Date occurring in each sixth month (or in the last month of each Special Election Interval) after such Initial Renewal Date (each, together with the Initial Renewal Date, a "Renewal Date"), the term of the Note may be extended to the Interest Payment Date occurring in the twelfth month (or, if a Special Election Interval is specified the last month in a period equal to twice the Special Election Interval) after such Renewal Date, if the Holder of such Note elects to extend the term of the Note or any portion thereof as provided below. If the Holder of the Note does not elect to extend the term of any portion of the principal amount of such Note during the specified period prior to any Renewal Date, such portion will become due and payable on the Interest Payment Date occurring in the sixth month (or the last month in the Special Election Interval) after such Renewal Date (the "New Maturity Date"). A Holder of such Note may elect to renew the term of the Note, or if provided in the applicable Note, any portion constituting an Authorized Denomina- tion thereof, by delivering a notice to such effect to the Issuing and Paying Agent not less than fifteen (15) nor more than thirty (30) days prior to such Renewal Date (unless a different Special Election Period is provided in the applicable Note). Such election will be irrevocable and will be binding upon each subsequent Holder of the Note. An election to renew the term of such Note may be exercised with respect to less than the entire principal amount of the Note only if notice is provided as provided in the applicable Note and only in such principal amount, or any integral multiple in excess thereof, as specified in such notice. Notwithstanding the foregoing, the term of such Note may not be extended beyond the maturity provided in the applicable Note. If the Holder of such Note does not elect to renew the term of the Note, the Note must be presented to the Issuing and Paying Agent (or any duly appointed paying agent) and, if the Note is issued in definitive form, as soon as practicable following receipt of the Note, the Issuing and Paying Agent (or any duly appointed paying agent) shall issue in exchange herefor in the name of the Holder (i) a Note, in a principal amount equal to the principal amount of such Note for which no election to renew the term thereof was exercised, with terms identical to those specified on the Note (except that such Note shall have a fixed, nonrenewable maturity on the New Maturity Date) and (ii) if an election to renew is made with respect to less than the full principal amount of the Note, a replacement Note, in a principal amount equal to the principal amount of such exchanged Note for which the election to renew was made, with terms identical to such exchanged Note.

Optional Renewal. If so provided in specified on the applicable Noteface hereof, such Note may be renewed by the Holder may renew the term of the this Senior Note on an Interest Payment Date (provided in specified on the applicable Note) face hereof occurring in or prior to the twelfth month following the Original Issue Date (the "Initial Maturity Date") in accordance with the procedures described below). Unless a Special Election Interval is provided in the applicable Note, on On the Interest Payment Date occurring in the sixth month (unless a different interval (the "Special Election Interval") is specified on the face hereof) prior to the Initial Maturity Date (as provided in the applicable Note) of a Renewable Note (the "Initial Renewal Date") and on the Interest Payment Date occurring in each sixth month (or in the last month of each a Special Election Interval) after such Initial Renewal Date (each, together with the Initial Renewal Date, a "Renewal Date"), the term of the this Senior Note may be extended to the Interest Payment Date occurring in the twelfth month (or, if a Special Election Interval is specified or in the last month in of a period equal to twice the Special Election Interval) after such Renewal Date, if the Holder of such Note elects to extend the term of the this Senior Note or any portion thereof as provided below. If the Holder of the Note does not elect to extend the term of any portion of the principal amount of such this Senior Note during the specified period prior to any Renewal Date, such portion will become due and payable on the Interest Payment Date occurring in the sixth month (or in the last month in the of a Special Election Interval) after such Renewal Date (the "New Maturity Date"). A Holder of such Note may elect to renew In order for the term of this Senior Note to be renewed prior to a Renewal Date, the NoteTrustee must receive at its Corporate Trust Office, or if provided in the applicable Note, any portion constituting an Authorized Denomina- tion thereof, by delivering a notice to such effect to the Issuing and Paying Agent at least 15 days but not less than fifteen (15) nor more than thirty (30) 30 days prior to such a Renewal Date (unless a different another period is specified on the face hereof as the "Special Election Period is provided in the applicable NotePeriod"), notice to such effect. Such election will be irrevocable and will be binding upon each subsequent Holder of the this Senior Note. An election The Holder may elect to renew the term of such this Senior Note may be exercised with respect to less than the entire principal amount of the Note hereof only if notice is provided as provided in so specified on the applicable Note face hereof and only in such principal amount, or any integral multiple in excess thereof, as specified in such noticeon the face hereof. Notwithstanding the foregoing, the term of such this Senior Note may not be extended beyond the maturity provided in Stated Maturity specified on the applicable Noteface hereof. If the Holder of such Note does not elect to renew the term of the this Senior Note, the this Senior Note must be presented to the Issuing and Paying Agent Trustee (or any duly appointed paying agentPaying Agent) andsimultaneously with notice thereof (or, if in the event such notice, together with a guarantee of delivery, is transmitted on behalf of a Holder from a member of a national securities exchange, the National Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States, within five Business Days after the date of such notice). If this Senior Note is issued in definitive certificated form, as soon as practicable following receipt of the this Senior Note, the Issuing and Paying Agent Trustee (or any duly appointed paying agentPaying Agent) shall issue in exchange herefor therefor in the name of the Holder such Holder: (i) a Senior Note, in principal amount equal to the principal amount of such exchanged Senior Note for which the election to renew the term thereof was not exercised, with terms identical to those specified herein (except for the Original Issue Date and the Initial Interest Rate and except that such Senior Note shall have a fixed, nonrenewable Stated Maturity on the New Maturity Date); and (ii) a replacement Senior Note, in a principal amount equal to the principal amount of such Note for which no election to renew the term thereof was exercisedamount, with terms identical to those specified on the Note (except that such Note shall have a fixedif any, nonrenewable maturity on the New Maturity Date) and (ii) if an election to renew is made with respect to less than the full principal amount of the Note, a replacement Note, in a principal amount equal to the principal amount of such exchanged Senior Note for which the election to renew was made, with terms identical to such the exchanged Senior Note.

Optional Renewal. If so provided in the applicable NoteNote and Pricing Supplement, such Note may be renewed by the Holder of the Note on an Interest Payment Date (provided in the applicable Note) occurring in or prior to the twelfth month following the Original Issue Date (the "Initial Maturity Date") in accordance with the procedures described below. below Unless a Special Election Interval is provided in the applicable Note, on the Interest Payment Date occurring in the sixth month prior to the Initial Maturity Date (as provided in the applicable Note) of a Renewable Note (the "Initial Renewal Date") and on the Interest Payment Date occurring in each sixth month (or in the last month of each Special Election Interval) after such Initial Renewal Date (each, together with the Initial Renewal Date, a "Renewal Date"), the term of the Note may be extended to the Interest Payment Date occurring in the twelfth month (or, if a Special Election Interval is specified the last month in a period equal to twice the Special Election Interval) after such Renewal Date, if the Holder of such Note elects to extend the term of the Note or any portion thereof as provided below. If the Holder of the Note does not elect to extend the term of any portion of the principal amount of such Note during the specified period prior to any Renewal Date, such portion will become due and payable on the Interest Payment Date occurring in the sixth month (or the last month in the Special Election Interval) after such Renewal Date (the "New Maturity Date"). A Holder of such Note may elect to renew the term of the Note, or if provided in the applicable Note, any portion constituting an Authorized Denomina- tion thereof, by delivering a notice to such effect to the Issuing and Paying Agent not less than fifteen (15) nor more than thirty (30) days prior to such Renewal Date (unless a different Special Election Period is provided in the applicable Note). Such election will be irrevocable and will be binding upon each subsequent Holder of the Note. An election to renew the term of such Note may be exercised with respect to less than the entire principal amount of the Note only if notice is provided as provided in the applicable Note and only in such principal amount, or any integral multiple in excess thereof, as specified in such notice. Notwithstanding the foregoing, the term of such Note may not be extended beyond the maturity provided in the applicable Note. If the Holder of such Note does not elect to renew the term of the Note, the Note must be presented to the Issuing and Paying Agent (or any duly appointed paying agent) and, if the Note is issued in definitive form, as soon as practicable following receipt of the Note, the Issuing and Paying Agent (or any duly appointed paying agent) shall issue in exchange herefor in the name of the Holder (i) a Note, in a principal amount equal to the principal amount of such Note for which no election to renew the term thereof was exercised, with terms identical to those specified on the Note (except that such Note shall have a fixed, nonrenewable maturity on the New Maturity Date) and (ii) if an election to renew is made with respect to less than the full principal amount of the Note, a replacement Note, in a principal amount equal to the principal amount of such exchanged Note for which the election to renew was made, with terms identical to such exchanged Note.

Optional Renewal. If so provided in the applicable NoteNote and ---------------- Pricing Supplement, such Note may be renewed by the Holder of the Note on an Interest Payment Date (provided in the applicable Note) occurring in or prior to the twelfth month following the Original Issue Date (the "Initial Maturity Date") in accordance with the procedures described below. below Unless a Special Election Interval is provided in the applicable Note, on the Interest Payment Date occurring in the sixth month prior to the Initial Maturity Date (as provided in the applicable Note) of a Renewable Note (the "Initial Renewal Date") and on the Interest Payment Date occurring in each sixth month (or in the last month of each Special Election Interval) after such Initial Renewal Date (each, together with the Initial Renewal Date, a "Renewal Date"), the term of the Note may be extended to the Interest Payment Date occurring in the twelfth month (or, if a Special Election Interval is specified the last month in a period equal to twice the Special Election Interval) after such Renewal Date, if the Holder of such Note elects to extend the term of the Note or any portion thereof as provided below. If the Holder of the Note does not elect to extend the term of any portion of the principal amount of such Note during the specified period prior to any Renewal Date, such portion will become due and payable on the Interest Payment Date occurring in the sixth month (or the last month in the Special Election Interval) after such Renewal Date (the "New Maturity Date"). A Holder of such Note may elect to renew the term of the Note, or if provided in the applicable NoteNote and Pricing Supplement, any portion constituting an Authorized Denomina- tion Denomination thereof, by delivering a notice to such effect to the Issuing and Paying Agent not less than fifteen (15) nor more than thirty (30) days prior to such Renewal Date (unless a different Special Election Period is provided in the applicable Note). Such election will be irrevocable and will be binding upon each subsequent Holder of the Note. An election to renew the term of such Note may be exercised with respect to less than the entire principal amount of the Note only if notice is provided as provided in the applicable Note and only in such principal amount, or any integral multiple in excess thereof, as specified in such notice. Notwithstanding the foregoing, the term of such Note may not be extended beyond the maturity provided in the applicable Note. If the Holder of such Note does not elect to renew the term of the Note, the Note must be presented to the Issuing and Paying Agent (or any duly appointed paying agent) and, if the Note is issued in definitive form, as soon as practicable following receipt of the Note, the Issuing and Paying Agent (or any duly appointed paying agent) shall issue in exchange herefor in the name of the Holder (i) a Note, in a principal amount equal to the principal amount of such Note for which no election to renew the term thereof was exercised, with terms identical to those specified on the Note (except that such Note shall have a fixed, nonrenewable maturity on the New Maturity Date) and (ii) if an election to renew is made with respect to less than the full principal amount of the Note, a replacement Note, in a principal amount equal to the principal amount of such exchanged Note for which the election to renew was made, with terms identical to such exchanged Note.

Optional Renewal. If so provided in specified on the applicable Noteface hereof, such Note may be renewed by the Holder may renew the term of the this Subordinated Note on an Interest Payment Date (provided in specified on the applicable Note) face hereof occurring in or prior to the twelfth month following the Original Issue Date (the "Initial Maturity Date") in accordance with the procedures described below). Unless a Special Election Interval is provided in the applicable Note, on On the Interest Payment Date occurring in the sixth month (unless a different interval (the "Special Election Interval") is specified on the face hereof) prior to the Initial Maturity Date (as provided in the applicable Note) of a Renewable Note (the "Initial Renewal Date") and on the Interest Payment Date occurring in each sixth month (or in the last month of each a Special Election Interval) after such Initial Renewal Date (each, together with the Initial Renewal Date, a "Renewal Date"), the term of the this Subordinated Note may be extended to the Interest Payment Date occurring in the twelfth month (or, if a Special Election Interval is specified or in the last month in of a period equal to twice the Special Election Interval) after such Renewal Date, if the Holder of such Note elects to extend the term of the this Subordinated Note or any portion thereof as provided below. If the Holder of the Note does not elect to extend the term of any portion of the principal amount of such this Subordinated Note during the specified period prior to any Renewal Date, such portion will become due and payable on the Interest Payment Date occurring in the sixth month (or in the last month in the of a Special Election Interval) after such Renewal Date (the "New Maturity Date"). A Holder of such Note may elect to renew In order for the term of this Subordinated Note to be renewed prior to a Renewal Date, the NoteTrustee must receive at its Corporate Trust Office, or if provided in the applicable Note, any portion constituting an Authorized Denomina- tion thereof, by delivering a notice to such effect to the Issuing and Paying Agent at least 15 days but not less than fifteen (15) nor more than thirty (30) 30 days prior to such a Renewal Date (unless a different another period is specified on the face hereof as the "Special Election Period is provided in the applicable NotePeriod"), notice to such effect. Such election will be irrevocable and will be binding upon each subsequent Holder of the this Subordinated Note. An election The Holder may elect to renew the term of such this Subordinated Note may be exercised with respect to less than the entire principal amount of the Note hereof only if notice is provided as provided in so specified on the applicable Note face hereof and only in such principal amount, or any integral multiple in excess thereof, as specified in such noticeon the face hereof. Notwithstanding the foregoing, the term of such this Subordinated Note may not be extended beyond the maturity provided in Stated Maturity specified on the applicable Noteface hereof. If the Holder of such Note does not elect to renew the term of the this Subordinated Note, the this Subordinated Note must be presented to the Issuing and Paying Agent Trustee (or any duly appointed paying agentPaying Agent) andsimultaneously with notice thereof (or, if in the event such notice, together with a guarantee of delivery, is transmitted on behalf of a Holder from a member of a national securities exchange, the National Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States, within five Business Days after the date of such notice). If this Subordinated Note is issued in definitive certificated form, as soon as practicable following receipt of the this Subordinated Note, the Issuing and Paying Agent Trustee (or any duly appointed paying agentPaying Agent) shall issue in exchange herefor therefor in the name of the Holder such Holder: (i) a Subordinated Note, in principal amount equal to the principal amount of such exchanged Subordinated Note for which the election to renew the term thereof was not exercised, with terms identical to those specified herein (except for the Original Issue Date and the Initial Interest Rate and except that such Subordinated Note shall have a fixed, nonrenewable Stated Maturity on the New Maturity Date); and (ii) a replacement Subordinated Note, in a principal amount equal to the principal amount of such Note for which no election to renew the term thereof was exercisedamount, with terms identical to those specified on the Note (except that such Note shall have a fixedif any, nonrenewable maturity on the New Maturity Date) and (ii) if an election to renew is made with respect to less than the full principal amount of the Note, a replacement Note, in a principal amount equal to the principal amount of such exchanged Subordinated Note for which the election to renew was made, with terms identical to such the exchanged Subordinated Note.