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

Redemption at the Option of the Company. At any time prior to August 15, 2031, the Notes shall be redeemable, in whole or in part, at the option of the Company at a Redemption Price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of 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-day 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, on the principal amount being redeemed to, but not including, such Redemption Date. At any time on or after August 15, 2031, the 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 to be redeemed, plus accrued and unpaid interest, if any, on the principal amount being redeemed to, but not including, such Redemption Date. For purposes of determining the Redemption Price, the following definitions shall apply:

Redemption at the Option of the Company. At any time prior to August April 15, 20312027, the Notes shall be redeemable, in whole or in part, at the option of the Company at a Redemption Price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of 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-day 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, on the principal amount being redeemed to, but not including, such Redemption Date. At any time on or after August April 15, 20312027, the 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 to be redeemed, plus accrued and unpaid interest, if any, on the principal amount being redeemed to, but not including, such Redemption Date. For purposes of determining the Redemption Price, the following definitions shall apply:

Redemption at the Option of the Company. (a) At any time prior to August April 15, 20312028 (which is the date that is two months prior to the Stated Maturity (the “Par Call Date”)), the Notes shall be redeemable, in whole or in part, at the sole option of the Company Company, in whole at any time or in part from time to time, at a Redemption Price equal to the greater of (i) 100% of the aggregate principal amount of the Notes to be redeemed that would be due if the Notes matured on the Par Call Date and (ii) an amount equal to the sum of the present values of the remaining scheduled payments for principal amount of and interest, and Additional Interest, if any, on the Notes to be redeemed and redeemed, not including any portion of the remaining scheduled payments of interest thereon (exclusive accrued as of interest accrued to the such Redemption Date) from the Redemption Date , discounted to the respective scheduled payment dates discounted from their respective scheduled payment dates to the such Redemption Date on a semiannual semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as hereinafter defined) Rate, plus 50 20 basis points, plus, in either casethe case of each of (i) and (ii), accrued and unpaid interest, if any, interest on the principal amount being redeemed to, but not including, such Redemption Date. At any time on or after August 15, 2031, the 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 to be redeemedredeemed to, plus accrued and unpaid interestbut excluding, if anysuch Redemption Date. (b) At any time on or after the Par Call Date, on the Notes shall be redeemable, at the sole option of the Company, in whole at any time or in part from time to time, at 100% of the principal amount being redeemed plus accrued and unpaid interest on the principal amount of the Notes to be redeemed to, but not includingexcluding, such Redemption Date. For purposes of determining the Redemption Price, the following definitions shall apply:.

Redemption at the Option of the Company. At any time prior The Company will have the right to August 15, 2031, redeem the Notes shall be redeemableat its option, in whole or in part, prior to December 17, 2053 (six months prior to their maturity date) (the “Par Call Date”), at the option of the Company any time and from time to time, at a Redemption Price redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of of: (i) 100% of the principal amount of the Notes to be redeemed and (ii) 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 (exclusive of interest accrued discounted to the Redemption redemption date (assuming the Notes matured on the Par Call 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 semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 30 basis points less (as hereinafter definedii) plus 50 basis pointsinterest accrued to the date of redemption, plus, in either case, accrued and unpaid interest, if any, on the principal amount being redeemed to, but not including, such Redemption Date. At any time on or after August 15, 2031, the Notes shall be redeemable, in whole or in part, at the option of the Company, at a Redemption Price equal to and (b) 100% of the principal amount of the Notes to be redeemed; plus, in either case, accrued and unpaid interest thereon, if any, up to (but excluding) the redemption date. On or after the Par Call Date, the Company will have the right to redeem the Notes, 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 Notes being redeemed plus accrued and unpaid interestinterest thereon, if any, on up to (but excluding) the principal amount being redeemed to, redemption date. Notice of any redemption will be mailed or electronically delivered (or otherwise transmitted in accordance with the depositary’s procedures) at least 10 days but not including, such Redemption Date. For purposes more than 60 days before the redemption date to each holder of determining the Redemption Price, the following definitions shall apply:Notes to be redeemed.

Redemption at the Option of the Company. At any time prior to August February 15, 20312029, the Notes shall be redeemable, in whole or in part, at the option of the Company at a Redemption Price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of 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-day 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, on the principal amount being redeemed to, but not including, such Redemption Date. At any time on or From and after August February 15, 20312029, the 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 to be redeemed, plus accrued and unpaid interest, if any, on the principal amount being redeemed to, but not including, such Redemption Date. For purposes of determining the Redemption Price, the following definitions shall apply:

Redemption at the Option of the Company. At any time prior to August April 15, 20312025, the Notes shall be redeemable, in whole or in part, at the option of the Company at a Redemption Price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of 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-day 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, on the principal amount being redeemed to, but not including, such Redemption Date. At any time on or From and after August April 15, 20312025, the 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 to be redeemed, plus accrued and unpaid interest, if any, on the principal amount being redeemed to, but not including, such Redemption Date. For purposes of determining the Redemption Price, the following definitions shall apply:

Redemption at the Option of the Company. (a) At any time prior to August March 15, 20312030 (which is the date that is three months prior to the State Maturity (the “Par Call Date”)), the Notes shall be redeemable, in whole or in part, at the sole option of the Company Company, in whole at any time or in part from time to time, at a Redemption Price equal to the greater of (i) 100% of the aggregate principal amount of the Notes to be redeemed that would be due if the Notes matured on the Par Call Date and (ii) an amount equal to the sum of the present values of the remaining scheduled payments for principal amount of and interest, and Additional Interest, if any, on the Notes to be redeemed and redeemed, not including any portion of the remaining scheduled payments of interest thereon (exclusive accrued as of interest accrued to the such Redemption Date) from the Redemption Date , discounted to the respective scheduled payment dates discounted from their respective scheduled payment dates to the such Redemption Date on a semiannual semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as hereinafter defined) Rate, plus 50 basis points, plus, in either casethe case of each of (i) and (ii), accrued and unpaid interest, if any, interest on the principal amount being redeemed to, but not including, such Redemption Date. At any time on or after August 15, 2031, the 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 to be redeemedredeemed to, plus accrued and unpaid interestbut excluding, if anysuch Redemption Date. (b) At any time on or after the Par Call Date, on the Notes shall be redeemable, at the sole option of the Company, in whole at any time or in part from time to time, at 100% of the principal amount being redeemed plus accrued and unpaid interest on the principal amount of the Notes to be redeemed to, but not includingexcluding, such Redemption Date. For purposes of determining the Redemption Price, the following definitions shall apply:.

Redemption at the Option of the Company. (a) At any time prior to August February 15, 20312025, the Notes shall be redeemable, in whole or in part, at the sole option of the Company Company, in whole at any time or in part from time to time, at a Redemption Price equal to the greater of (i) 100% of the aggregate principal amount of the Notes to be redeemed and (ii) an amount equal to the sum of the present values of the remaining scheduled payments for principal amount of and interest, and Additional Interest, if any, on the Notes to be redeemed and redeemed, not including any portion of the remaining scheduled payments of interest thereon (exclusive accrued as of interest accrued to the such Redemption Date) from the Redemption Date , discounted to the respective scheduled payment dates discounted from their respective scheduled payment dates to the such Redemption Date on a semiannual semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as hereinafter defined) Rate, plus 50 25 basis points, plus, in either casethe case of each of (i) and (ii), accrued and unpaid interest, if any, interest on the principal amount being redeemed to, but not including, such Redemption Date. At any time on or after August 15, 2031, the 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 to be redeemedredeemed to, plus accrued and unpaid interestbut excluding, if anysuch Redemption Date. (b) At any time on or after February 15, on 2025, the Notes shall be redeemable, at the sole option of the Company, in whole at any time or in part from time to time, at 100% of the principal amount being redeemed plus accrued and unpaid interest on the principal amount of the Notes to be redeemed to, but not includingexcluding, such Redemption Date. For purposes of determining the Redemption Price, the following definitions shall apply:.

Redemption at the Option of the Company. At (a) The provisions of Sections 3.01, 3.02, 3.03 and 3.04 of the Base Indenture, as supplemented by the provisions of this First Supplemental Indenture, shall apply to the Debentures. (b) The Company may redeem the Debentures in increments of $25 principal amount: (i) in whole at any time prior or in part from time to August time on or after September 15, 2031, the Notes shall be redeemable, in whole or in part, at the option of the Company 2023 at a Redemption Price equal to their principal amount plus accrued and unpaid interest (including Additional Interest, if any) to, but excluding, the greater of (i) 100% of Redemption Date; provided that if the Debentures are not redeemed in whole, at least $25 million aggregate principal amount of the Notes Debentures must remain Outstanding after giving effect to be redeemed and such redemption; (ii) the sum 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-day 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, on the principal amount being redeemed towhole, but not including, such Redemption Date. At any time on or after August 15, 2031, the Notes shall be redeemable, in whole or in part, at the option any time prior to September 15, 2023, within 90 days of the Companyoccurrence of a Tax Event, at a Redemption Price equal to 100their principal amount plus accrued and unpaid interest (including Additional Interest, if any) to, but excluding, the Redemption Date; (iii) in whole, but not in part, at any time prior to September 15, 2023, within 90 days of the occurrence of a Regulatory Capital Event, at a Redemption Price equal to their principal amount plus accrued and unpaid interest (including Additional Interest, if any) to, but excluding, the Redemption Date; or (iv) in whole, but not in part, at any time prior to September 15, 2023, within 90 days of the occurrence of a Rating Agency Event, at a Redemption Price equal to 102% of their principal amount plus any accrued and unpaid interest (including Additional Interest, if any) to, but excluding, the Redemption Date; provided that, in each case, all accrued and unpaid interest, including Additional Interest, has been paid in full on all outstanding Debentures for all Interest Periods ending on or before the Redemption Date. (c) If less than all the Debentures are to be redeemed, the Company shall give the Trustee and the Paying Agent at least 35 days’ (or such shorter period as the Trustee and the Paying Agent may agree) notice in advance of the date fixed for redemption as to the aggregate principal amount of Debentures to be redeemed, and thereupon the Trustee shall select, pro rata, by lot or in such other manner as it shall deem appropriate and fair in its discretion and otherwise in accordance with the customary procedures of the Depositary that may provide for the selection of a portion or portions (equal to $25 and integral multiples of $25 in excess thereof) of the principal amount of such Debentures of a denomination larger than $25 to be redeemed and shall thereafter promptly notify the Notes Company in writing of the numbers of the Debentures to be redeemed, plus accrued and unpaid interest, if any, on the principal amount being redeemed to, but not including, such Redemption Date. For purposes of determining the Redemption Price, the following definitions shall apply:in whole or in part.

Redemption at the Option of the Company. (a) At any time prior to August 15February 1, 20312026 (three months prior to the Stated Maturity of the Notes) (the “Par Call Date”), the Notes shall be redeemable, in whole or in part, at the sole option of the Company Company, in whole at any time or in part from time to time, at a Redemption Price equal to the greater of (i) 100% of the aggregate principal amount of the Notes to be redeemed and (ii) an amount equal to the sum of the present values of the remaining scheduled payments for principal amount of and interest, and Additional Interest, if any, on the Notes to be redeemed and that would be due if the remaining scheduled Notes matured on the Par Call Date, not including any portion of the payments of interest thereon (exclusive accrued as of interest accrued to the such Redemption Date) from the Redemption Date , discounted to the respective scheduled payment dates discounted from their respective scheduled payment dates to the such Redemption Date on a semiannual semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as hereinafter defined) Rate, plus 50 30 basis points, plus, in either casethe case of each of (i) and (ii), accrued and unpaid interestinterest (including Additional Interest, if any, ) on the principal amount being redeemed to, but not including, such Redemption Date. At any time on or after August 15, 2031, the 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 to be redeemedredeemed to, plus accrued and unpaid interestbut excluding, if anysuch Redemption Date. (b) At any time on or after the Par Call Date, on the Notes shall be redeemable, at the sole option of the Company, in whole at any time or in part from time to time, at 100% of the principal amount being redeemed plus accrued and unpaid interest (including Additional Interest, if any) on the principal amount of the Notes to be redeemed to, but not includingexcluding, such Redemption Date. For purposes of determining the Redemption Price, the following definitions shall apply:.

Redemption at the Option of the Company. (a) At any time prior to August 15November 1, 20312045 (six months prior to the Stated Maturity of the Notes) (the “Par Call Date”), the Notes shall be redeemable, in whole or in part, at the sole option of the Company Company, in whole at any time or in part from time to time, at a Redemption Price equal to the greater of (i) 100% of the aggregate principal amount of the Notes to be redeemed and (ii) an amount equal to the sum of the present values of the remaining scheduled payments for principal amount of and interest, and Additional Interest, if any, on the Notes to be redeemed and that would be due if the remaining scheduled Notes matured on the Par Call Date, not including any portion of the payments of interest thereon (exclusive accrued as of interest accrued to the such Redemption Date) from the Redemption Date , discounted to the respective scheduled payment dates discounted from their respective scheduled payment dates to the such Redemption Date on a semiannual semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as hereinafter defined) Rate, plus 50 40 basis points, plus, in either casethe case of each of (i) and (ii), accrued and unpaid interestinterest (including Additional Interest, if any, ) on the principal amount being redeemed to, but not including, such Redemption Date. At any time on or after August 15, 2031, the 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 to be redeemedredeemed to, plus accrued and unpaid interestbut excluding, if anysuch Redemption Date. (b) At any time on or after the Par Call Date, on the Notes shall be redeemable, at the sole option of the Company, in whole at any time or in part from time to time, at 100% of the principal amount being redeemed plus accrued and unpaid interest (including Additional Interest, if any) on the principal amount of the Notes to be redeemed to, but not includingexcluding, such Redemption Date. For purposes of determining the Redemption Price, the following definitions shall apply:.

Redemption at the Option of the Company. At any time prior The Company will have the right to August 15, 2031, redeem the Notes shall be redeemableat its option, in whole or in part, prior to March 17, 2034 (three months prior to their maturity date) (the “Par Call Date”), at the option of the Company any time and from time to time, at a Redemption Price redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of of: (i) 100% of the principal amount of the Notes to be redeemed and (ii) 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 (exclusive of interest accrued discounted to the Redemption redemption date (assuming the Notes matured on the Par Call 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 semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points less (as hereinafter definedii) plus 50 basis pointsinterest accrued to the date of redemption, plus, in either case, accrued and unpaid interest, if any, on the principal amount being redeemed to, but not including, such Redemption Date. At any time on or after August 15, 2031, the Notes shall be redeemable, in whole or in part, at the option of the Company, at a Redemption Price equal to and (b) 100% of the principal amount of the Notes to be redeemed; plus, in either case, accrued and unpaid interest thereon, if any, up to (but excluding) the redemption date. On or after the Par Call Date, the Company will have the right to redeem the Notes, 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 Notes being redeemed plus accrued and unpaid interestinterest thereon, if any, on up to (but excluding) the principal amount being redeemed to, redemption date. Notice of any redemption will be mailed or electronically delivered (or otherwise transmitted in accordance with the depositary’s procedures) at least 10 days but not including, such Redemption Date. For purposes more than 60 days before the redemption date to each holder of determining the Redemption Price, the following definitions shall apply:Notes to be redeemed.