Common use of Redemption at the Option of the Company Clause in Contracts

Redemption at the Option of the Company. The Notes will be subject to redemption at the option of the Company, at any time in whole or from time to time in part, upon not less than 15 nor more than 30 days’ notice transmitted to each Holder of Notes to be redeemed as shown in the Security Register. If the Notes are redeemed, the redemption price will equal to the sum of (i) 100% of the principal amount of the Notes (or portion of such Notes) being redeemed plus accrued and unpaid interest thereon to but excluding the redemption date and (ii) the Make-Whole Amount, if any; provided, however, that if the Notes are redeemed on or after the Par Call Date, the redemption price will equal 100% of the principal amount of the Notes (or portion of such Notes) being redeemed plus accrued and unpaid interest thereon to but excluding the 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 to the Holders of the Notes as of the close of business on the Regular Record Date immediately preceding such Interest Payment Date. The Company shall calculate the redemption price. The election to redeem the Notes may be evidenced by either a Board Resolution or an Officers’ Certificate.

Redemption at the Option of the Company. The Notes will be subject to redemption at the option of the CompanyCompany may, at any time time, redeem the principal amount of the Notes, in whole or from time to time in part, upon not less than 15 nor more than 30 days’ notice transmitted by paying to each Holder of Notes to be redeemed as shown in the Security Register. If the Notes are redeemed, the redemption price will Holders thereof an amount equal to the sum of (i) 100% of the principal amount of the Notes to be redeemed (or portion the “Optional Redemption Price”) as of the date fixed for such redemption, together, with respect to the Notes being redeemed, with all interest accrued pursuant to the terms of the Notes and unpaid (including default interest to the extent applicable) as of the date of such Notes) being redeemed plus accrued payment and unpaid interest thereon to but excluding the redemption date all reasonable out-of-pocket costs and expenses (ii) the Make-Whole Amountincluding, without limitation, reasonable fees, charges and disbursements of counsel), if any, incurred by the Holders and associated with such payment; provided, however, that if in the Notes are redeemed on or after event that the Par Call Date, the redemption price will equal 100% Company redeems a portion and not all of the principal amount of the Notes (or portion of such outstanding Notes) being redeemed plus accrued and unpaid interest thereon to but excluding the redemption date. Notwithstanding the foregoing, the Company will pay any interest installment due on an Interest Payment Date which occurs on shall redeem (a) not less than $250,000 in principal amount of the outstanding Notes or prior to a redemption date to (b) in the Holders event that less than $250,000 in principal amount of the Notes as remains outstanding, not less than the remaining principal amount of the close of business on the Regular Record Date immediately preceding such Interest Payment Dateoutstanding Notes. The Company shall calculate give written notice of redemption of the Notes pursuant to this Section 11.1 at least five (5) days and not more than ten (10) days prior to the date fixed for such redemption. Such notice of redemption priceshall be delivered in the manner specified in Section 12.3 hereof. The election to Upon delivery of such notice of redemption, the Company, as the case may be, covenants and agrees that it will redeem the Notes, on the date specified in such notice, at the applicable Optional Redemption Price, together with interest accrued pursuant to the terms of the Notes may be evidenced by either a Board Resolution or an Officers’ Certificateand unpaid as of the date fixed for such redemption and the costs and expenses referred to in the preceding sentence.

Redemption at the Option of the Company. The At any time prior to the date that is 30 days prior to the Stated Maturity, the 2017 Notes will shall be subject to redemption redeemable, in whole or in part at any time, at the option of the CompanyCompany on any date prior to the Stated Maturity, at any time in whole or from time to time in part, upon not less than 15 nor more than 30 days’ notice transmitted to each Holder of Notes to be redeemed as shown in the Security Register. If the Notes are redeemed, the redemption price will a Redemption Price equal to the sum greater of (i) 100% of the principal amount of the 2017 Notes (or portion of such Notes) being to be redeemed plus accrued and unpaid interest thereon to but excluding the redemption date and (ii) the Makesum of the present values of the principal amount of the 2017 Notes to be redeemed and the remaining scheduled payments of interest thereon (exclusive of interest accrued to the Redemption Date) from the Redemption Date to the respective scheduled payment dates discounted from their respective scheduled payment dates to the Redemption Date on a semiannual basis (assuming a 360-Whole Amountday year consisting of twelve 30-day months) at the Treasury Rate (as hereinafter defined) plus 30 basis points, plus, in either case, accrued and unpaid interest, if any; provided, howeveron the principal amount being redeemed to, that if the Notes are redeemed on or but not including, such Redemption Date. From and after the Par Call Datedate that is 30 days prior to Stated Maturity, the redemption price will 2017 Notes shall be redeemable, in whole or in part at any time, at the option of the Company, at a Redemption Price equal to 100% of the principal amount of the 2017 Notes (or portion of such Notes) being redeemed to be redeemed, plus accrued and unpaid interest thereon to interest, if any, on the principal amount being redeemed to, but excluding not including, such Redemption Date. For purposes of determining the redemption date. Notwithstanding the foregoingRedemption Price, the Company will pay any interest installment due on an Interest Payment Date which occurs on or prior to a 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. The Company following definitions shall calculate the redemption price. The election to redeem the Notes may be evidenced by either a Board Resolution or an Officers’ Certificate.apply:

Redemption at the Option of the Company. The Notes will be subject to redemption in whole at any time or in part from time to time prior to their maturity at the option of the Company, at any time in whole or from time to time in part, Company upon not less than 15 fifteen (15) nor more than 30 sixty (60) days’ notice transmitted to each Holder of Notes to be redeemed as shown at its address appearing in the Security Register. If , or, in the Notes are redeemedcase of any Global Note, in accordance with the redemption price will procedures of the Depositary and its participants in effect from time to time, at a Redemption Price equal to the sum of (i) 100% of the principal amount of the Notes (or portion of such Notes) being redeemed redeemed, plus accrued and unpaid interest thereon to interest, if any, to, but excluding not including, the redemption date applicable Redemption Date and (ii) the Make-Whole Amount, if any; provided, however, any (it being understood that if the Notes are redeemed on or after July 15, 2031, the Par Call Make-Whole Amount equals zero). On or before 11:00 a.m. Eastern Time on any Redemption Date, the redemption price will equal 100% Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 1003 of the principal Base Indenture) an amount of money sufficient to pay the Notes (or portion of such Notes) being redeemed plus Redemption Price of, and accrued and unpaid interest thereon on, all the Notes which are to but excluding be redeemed on such Redemption Date. If the Company instructs the Trustee in writing to send the notice of redemption date. Notwithstanding in the foregoingname of and at the expense of the Company as provided in Section 1104 of the Base Indenture, the Company will pay any interest installment due on an Interest Payment Date which occurs on shall provide the Trustee with such written instruction at least five (5) Business Days (or such shorter time as the Trustee may agree) prior to a the date such notice of redemption date is to the Holders of the Notes as of the close of business on the Regular Record Date immediately preceding such Interest Payment Date. The Company shall calculate the redemption price. The election to redeem the Notes may be evidenced by either a Board Resolution or an Officers’ Certificatesent.

Redemption at the Option of the Company. The At any time prior to February 15, 2029, the Notes will shall be subject to redemption redeemable, in whole or in part, at the option of the Company, Company at any time in whole or from time to time in part, upon not less than 15 nor more than 30 days’ notice transmitted to each Holder of Notes to be redeemed as shown in the Security Register. If the Notes are redeemed, the redemption price will a Redemption Price equal to the sum greater of (i) 100% of the principal amount of the Notes (or portion of such Notes) being to be redeemed plus accrued and unpaid interest thereon to but excluding the redemption date and (ii) the Makesum of the present values of the principal amount of the Notes to be redeemed and the remaining scheduled payments of interest thereon (exclusive of interest accrued to the Redemption Date) from the Redemption Date to the respective scheduled payment dates discounted from their respective scheduled payment dates to the Redemption Date on a semiannual basis (assuming a 360-Whole Amountday year consisting of twelve 30-day months) at the Treasury Rate (as hereinafter defined) plus 50 basis points, plus, in either case, accrued and unpaid interest, if any; provided, howeveron the principal amount being redeemed to, that if but not including, such Redemption Date. From and after February 15, 2029, the Notes are redeemed on shall be redeemable, in whole or after in part, at the Par Call Dateoption of the Company, the redemption price will at a Redemption Price equal to 100% of the principal amount of the Notes (or portion of such Notes) being redeemed to be redeemed, plus accrued and unpaid interest thereon to interest, if any, on the principal amount being redeemed to, but excluding not including, such Redemption Date. For purposes of determining the redemption date. Notwithstanding the foregoingRedemption Price, the Company will pay any interest installment due on an Interest Payment Date which occurs on or prior to a 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. The Company following definitions shall calculate the redemption price. The election to redeem the Notes may be evidenced by either a Board Resolution or an Officers’ Certificate.apply:

Redemption at the Option of the Company. (i) The 2023 Notes will be subject to redemption at the option of the Company, at any time in whole or from time to time in part, upon not less than 15 nor more than 30 days’ notice transmitted to each Holder of 2023 Notes to be redeemed as shown in the Security Register. If the 2023 Notes are redeemed, the redemption price will equal to the sum of (i) 100% of the principal amount of the 2023 Notes (or portion of such 2023 Notes) being redeemed plus accrued and unpaid interest thereon to but excluding the redemption date and (ii) the 2023 Notes Make-Whole Amount, if any; provided, however, that if the 2023 Notes are redeemed on or after the 2023 Par Call Date, the redemption price will equal 100% of the principal amount of the 2023 Notes (or portion of such 2023 Notes) being redeemed plus accrued and unpaid interest thereon to but excluding the redemption date. Notwithstanding the foregoing, the Company will pay any interest installment due on an a 2023 Notes Interest Payment Date which occurs on or prior to a redemption date to the Holders of the 2023 Notes as of the close of business on the 2023 Notes Regular Record Date immediately preceding such 2023 Notes Interest Payment Date. The Company shall calculate the redemption price. The election to redeem the Notes may be evidenced by either a Board Resolution or an Officers’ Certificate.

Redemption at the Option of the Company. The Notes will be subject to redemption in whole at any time or in part from time to time prior to their maturity at the option of the Company, at any time in whole or from time to time in part, Company upon not less than 15 fifteen (15) nor more than 30 sixty (60) days’ notice transmitted to each Holder of Notes to be redeemed as shown at its address appearing in the Security Register. If , or, in the Notes are redeemedcase of any Global Note, in accordance with the redemption price will procedures of the Depositary and its participants in effect from time to time, at a Redemption Price equal to the sum of (i) 100% of the principal amount of the Notes (or portion of such Notes) being redeemed redeemed, plus accrued and unpaid interest thereon to interest, if any, to, but excluding not including, the redemption date applicable Redemption Date and (ii) the Make-Whole Amount, if any; provided, however, any (it being understood that if the Notes are redeemed on or after September 1, 2030, the Par Call Make-Whole Amount equals zero). On or before 11:00 a.m. Eastern Time on any Redemption Date, the redemption price will equal 100% Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 1003 of the principal Base Indenture) an amount of money sufficient to pay the Notes (or portion of such Notes) being redeemed plus Redemption Price of, and accrued and unpaid interest thereon on, all the Notes which are to but excluding be redeemed on such Redemption Date. If the Company instructs the Trustee in writing to send the notice of redemption date. Notwithstanding in the foregoingname of and at the expense of the Company as provided in Section 1104 of the Base Indenture, the Company will pay any interest installment due on an Interest Payment Date which occurs on shall provide the Trustee with such written instruction at least five (5) Business Days (or such shorter time as the Trustee may agree) prior to a the date such notice of redemption date is to the Holders of the Notes as of the close of business on the Regular Record Date immediately preceding such Interest Payment Date. The Company shall calculate the redemption price. The election to redeem the Notes may be evidenced by either a Board Resolution or an Officers’ Certificatesent.

Redemption at the Option of the Company. (i) The 2024 Notes will be subject to redemption at the option of the Company, at any time in whole or from time to time in part, upon not less than 15 nor more than 30 days’ notice transmitted to each Holder of 2024 Notes to be redeemed as shown in the Security Register. If the 2024 Notes are redeemed, the redemption price will equal to the sum of (i) 100% of the principal amount of the 2024 Notes (or portion of such 2024 Notes) being redeemed plus accrued and unpaid interest thereon to but excluding the redemption date and (ii) the 2024 Notes Make-Whole Amount, if any; provided, however, that if the 2024 Notes are redeemed on or after the 2024 Par Call Date, the redemption price will equal 100% of the principal amount of the 2024 Notes (or portion of such 2024 Notes) being redeemed plus accrued and unpaid interest thereon to but excluding the redemption date. Notwithstanding the foregoing, the Company will pay any interest installment due on an a 2024 Notes Interest Payment Date which occurs on or prior to a redemption date to the Holders of the 2024 Notes as of the close of business on the 2024 Notes Regular Record Date immediately preceding such 2024 Notes Interest Payment Date. The Company shall calculate the redemption price. The election to redeem the Notes may be evidenced by either a Board Resolution or an Officers’ Certificate.

Redemption at the Option of the Company. The Notes will be subject to redemption in whole at any time or in part from time to time prior to their maturity at the option of the Company, at any time in whole or from time to time in part, Company upon not less than 15 fifteen (15) nor more than 30 sixty (60) days’ notice transmitted to each Holder of Notes to be redeemed as shown at its address appearing in the Security Register. If , or, in the Notes are redeemedcase of any Global Note, in accordance with the redemption price will procedures of the Depositary and its participants in effect from time to time, at a Redemption Price equal to the sum of (i) 100% of the principal amount of the Notes (or portion of such Notes) being redeemed redeemed, plus accrued and unpaid interest thereon to interest, if any, to, but excluding not including, the redemption date applicable Redemption Date and (ii) the Make-Whole Amount, if any; provided, however, any (it being understood that if the Notes are redeemed on or after September 1, 2030, the Par Call Make-Whole Amount equals zero). On or before 11:00 a.m. Eastern Time on any Redemption Date, the redemption price will equal 100% Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 1003 of the principal Base Indenture) an amount of money sufficient to pay the Notes (or portion of such Notes) being redeemed plus Redemption Price of, and accrued and unpaid interest thereon on, all the Notes which are to but excluding be redeemed on such Redemption Date. If the Company instructs the Trustee in writing to send the notice of redemption date. Notwithstanding in the foregoingname of and at the expense of the Company as provided in Section 1104 of the Base Indenture, the Company will pay any interest installment due on an Interest Payment Date which occurs on shall provide the Trustee with such written instruction at least five (5) Business Days (or such shorter time as the Trustee may agree) prior to a the date such notice of redemption date is to the Holders of the Notes as of the close of business on the Regular Record Date immediately preceding such Interest Payment Date. The Company shall calculate the redemption price. The election to redeem the Notes may be evidenced by either a Board Resolution or an Officers’ Certificate.sent..

Redemption at the Option of the Company. The Notes will be subject to redemption in whole at any time or in part from time to time prior to their maturity at the option of the Company, at any time in whole or from time to time in part, Company upon not less than 15 fifteen (15) nor more than 30 sixty (60) days’ notice transmitted to each Holder of Notes to be redeemed as shown at its address appearing in the Security Register. If , or, in the Notes are redeemedcase of any Global Note, in accordance with the redemption price will procedures of the Depositary and its participants in effect from time to time, at a Redemption Price equal to the sum of (i) 100% of the principal amount of the Notes (or portion of such Notes) being redeemed redeemed, plus accrued and unpaid interest thereon to interest, if any, to, but excluding not including, the redemption date applicable Redemption Date and (ii) the Make-Whole Amount, if any; provided, however, any (it being understood that if the Notes are redeemed on or after May 15, 2026, the Par Call Make-Whole Amount equals zero). On or before 11:00 a.m. Eastern Time on any Redemption Date, the redemption price will equal 100% Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 1003 of the principal Base Indenture) an amount of money sufficient to pay the Notes (or portion of such Notes) being redeemed plus Redemption Price of, and accrued and unpaid interest thereon on, all the Notes which are to but excluding be redeemed on such Redemption Date. If the Company instructs the Trustee in writing to send the notice of redemption date. Notwithstanding in the foregoingname of and at the expense of the Company as provided in Section 1104 of the Base Indenture, the Company will pay any interest installment due on an Interest Payment Date which occurs on shall provide the Trustee with such written instruction at least five (5) Business Days (or such shorter time as the Trustee may agree) prior to a the date such notice of redemption date is to the Holders of the Notes as of the close of business on the Regular Record Date immediately preceding such Interest Payment Date. The Company shall calculate the redemption price. The election to redeem the Notes may be evidenced by either a Board Resolution or an Officers’ Certificatesent.

Redemption at the Option of the Company. The At any time prior to April 15, 2027, the Notes will shall be subject to redemption redeemable, in whole or in part, at the option of the Company, Company at any time in whole or from time to time in part, upon not less than 15 nor more than 30 days’ notice transmitted to each Holder of Notes to be redeemed as shown in the Security Register. If the Notes are redeemed, the redemption price will a Redemption Price equal to the sum greater of (i) 100% of the principal amount of the Notes (or portion of such Notes) being to be redeemed plus accrued and unpaid interest thereon to but excluding the redemption date and (ii) the Makesum of the present values of the principal amount of the Notes to be redeemed and the remaining scheduled payments of interest thereon (exclusive of interest accrued to the Redemption Date) from the Redemption Date to the respective scheduled payment dates discounted from their respective scheduled payment dates to the Redemption Date on a semiannual basis (assuming a 360-Whole Amountday year consisting of twelve 30-day months) at the Treasury Rate (as hereinafter defined) plus 50 basis points, plus, in either case, accrued and unpaid interest, if any; provided, howeveron the principal amount being redeemed to, that if the Notes are redeemed but not including, such Redemption Date. At any time on or after the Par Call DateApril 15, 2027, the redemption price will Notes shall be redeemable, in whole or in part, at the option of the Company, at a Redemption Price equal to 100% of the principal amount of the Notes (or portion of such Notes) being redeemed to be redeemed, plus accrued and unpaid interest thereon to interest, if any, on the principal amount being redeemed to, but excluding not including, such Redemption Date. For purposes of determining the redemption date. Notwithstanding the foregoingRedemption Price, the Company will pay any interest installment due on an Interest Payment Date which occurs on or prior to a 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. The Company following definitions shall calculate the redemption price. The election to redeem the Notes may be evidenced by either a Board Resolution or an Officers’ Certificate.apply:

Redemption at the Option of the Company. The Notes will be subject to redemption in whole at any time or in part from time to time prior to their maturity at the option of the Company, at any time in whole or from time to time in part, Company upon not less than 15 fifteen (15) nor more than 30 sixty (60) days’ notice transmitted to each Holder of Notes to be redeemed as shown at its address appearing in the Security Register. If , or, in the Notes are redeemedcase of any Global Note, in accordance with the redemption price will procedures of the Depositary and its participants in effect from time to time, at a Redemption Price equal to the sum of (i) 100% of the principal amount of the Notes (or portion of such Notes) being redeemed redeemed, plus accrued and unpaid interest thereon to interest, if any, to, but excluding not including, the redemption date applicable Redemption Date and (ii) the Make-Whole Amount, if any; provided, however, any (it being understood that if the Notes are redeemed on or after January 1, 2027, the Par Call Make-Whole Amount equals zero). On or before 11:00 a.m. Eastern Time on any Redemption Date, the redemption price will equal 100% Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 1003 of the principal Base Indenture) an amount of money sufficient to pay the Notes (or portion of such Notes) being redeemed plus Redemption Price of, and accrued and unpaid interest thereon on, all the Notes which are to but excluding be redeemed on such Redemption Date. If the Company instructs the Trustee in writing to send the notice of redemption date. Notwithstanding in the foregoingname of and at the expense of the Company as provided in Section 1104 of the Base Indenture, the Company will pay any interest installment due on an Interest Payment Date which occurs on shall provide the Trustee with such written instruction at least five (5) Business Days (or such shorter time as the Trustee may agree) prior to a the date such notice of redemption date is to the Holders of the Notes as of the close of business on the Regular Record Date immediately preceding such Interest Payment Date. The Company shall calculate the redemption price. The election to redeem the Notes may be evidenced by either a Board Resolution or an Officers’ Certificatesent.

Redemption at the Option of the Company. The At any time prior to the date that is 90 days prior to the Stated Maturity, the 2022 Notes will shall be subject to redemption redeemable, in whole or in part at any time, at the option of the CompanyCompany on any date prior to the Stated Maturity, at any time in whole or from time to time in part, upon not less than 15 nor more than 30 days’ notice transmitted to each Holder of Notes to be redeemed as shown in the Security Register. If the Notes are redeemed, the redemption price will a Redemption Price equal to the sum greater of (i) 100% of the principal amount of the 2022 Notes (or portion of such Notes) being to be redeemed plus accrued and unpaid interest thereon to but excluding the redemption date and (ii) the Makesum of the present values of the principal amount of the 2022 Notes to be redeemed and the remaining scheduled payments of interest thereon (exclusive of interest accrued to the Redemption Date) from the Redemption Date to the respective scheduled payment dates discounted from their respective scheduled payment dates to the Redemption Date on a semiannual basis (assuming a 360-Whole Amountday year consisting of twelve 30-day months) at the Treasury Rate (as hereinafter defined) plus 45 basis points, plus, in either case, accrued and unpaid interest, if any; provided, howeveron the principal amount being redeemed to, that if the Notes are redeemed on or but not including, such Redemption Date. From and after the Par Call Datedate that is 90 days prior to Stated Maturity, the redemption price will 2022 Notes shall be redeemable, in whole or in part at any time, at the option of the Company, at a Redemption Price equal to 100% of the principal amount of the 2022 Notes (or portion of such Notes) being redeemed to be redeemed, plus accrued and unpaid interest thereon to interest, if any, on the principal amount being redeemed to, but excluding not including, such Redemption Date. For purposes of determining the redemption date. Notwithstanding the foregoingRedemption Price, the Company will pay any interest installment due on an Interest Payment Date which occurs on or prior to a 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. The Company following definitions shall calculate the redemption price. The election to redeem the Notes may be evidenced by either a Board Resolution or an Officers’ Certificate.apply:

Redemption at the Option of the Company. The At any time prior to April 15, 2025, the Notes will shall be subject to redemption redeemable, in whole or in part, at the option of the Company, Company at any time in whole or from time to time in part, upon not less than 15 nor more than 30 days’ notice transmitted to each Holder of Notes to be redeemed as shown in the Security Register. If the Notes are redeemed, the redemption price will a Redemption Price equal to the sum greater of (i) 100% of the principal amount of the Notes (or portion of such Notes) being to be redeemed plus accrued and unpaid interest thereon to but excluding the redemption date and (ii) the Makesum of the present values of the principal amount of the Notes to be redeemed and the remaining scheduled payments of interest thereon (exclusive of interest accrued to the Redemption Date) from the Redemption Date to the respective scheduled payment dates discounted from their respective scheduled payment dates to the Redemption Date on a semiannual basis (assuming a 360-Whole Amountday year consisting of twelve 30-day months) at the Treasury Rate (as hereinafter defined) plus 50 basis points, plus, in either case, accrued and unpaid interest, if any; provided, howeveron the principal amount being redeemed to, that if but not including, such Redemption Date. From and after April 15, 2025, the Notes are redeemed on shall be redeemable, in whole or after in part, at the Par Call Dateoption of the Company, the redemption price will at a Redemption Price equal to 100% of the principal amount of the Notes (or portion of such Notes) being redeemed to be redeemed, plus accrued and unpaid interest thereon to interest, if any, on the principal amount being redeemed to, but excluding not including, such Redemption Date. For purposes of determining the redemption date. Notwithstanding the foregoingRedemption Price, the Company will pay any interest installment due on an Interest Payment Date which occurs on or prior to a 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. The Company following definitions shall calculate the redemption price. The election to redeem the Notes may be evidenced by either a Board Resolution or an Officers’ Certificate.apply:

Redemption at the Option of the Company. The At any time prior to August 15, 2031, the Notes will shall be subject to redemption redeemable, in whole or in part, at the option of the Company, Company at any time in whole or from time to time in part, upon not less than 15 nor more than 30 days’ notice transmitted to each Holder of Notes to be redeemed as shown in the Security Register. If the Notes are redeemed, the redemption price will a Redemption Price equal to the sum greater of (i) 100% of the principal amount of the Notes (or portion of such Notes) being to be redeemed plus accrued and unpaid interest thereon to but excluding the redemption date and (ii) the Makesum of the present values of the principal amount of the Notes to be redeemed and the remaining scheduled payments of interest thereon (exclusive of interest accrued to the Redemption Date) from the Redemption Date to the respective scheduled payment dates discounted from their respective scheduled payment dates to the Redemption Date on a semiannual basis (assuming a 360-Whole Amountday year consisting of twelve 30-day months) at the Treasury Rate (as hereinafter defined) plus 50 basis points, plus, in either case, accrued and unpaid interest, if any; provided, howeveron the principal amount being redeemed to, that if the Notes are redeemed but not including, such Redemption Date. At any time on or after the Par Call DateAugust 15, 2031, the redemption price will Notes shall be redeemable, in whole or in part, at the option of the Company, at a Redemption Price equal to 100% of the principal amount of the Notes (or portion of such Notes) being redeemed to be redeemed, plus accrued and unpaid interest thereon to interest, if any, on the principal amount being redeemed to, but excluding not including, such Redemption Date. For purposes of determining the redemption date. Notwithstanding the foregoingRedemption Price, the Company will pay any interest installment due on an Interest Payment Date which occurs on or prior to a 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. The Company following definitions shall calculate the redemption price. The election to redeem the Notes may be evidenced by either a Board Resolution or an Officers’ Certificate.apply: