Common use of Redemption of the Notes Clause in Contracts

Redemption of the Notes. Section 401 Redemption of the Notes at the Option of the -------------------------------------------- Corporation. ----------- (a) The Notes at any time from their date of issuance, are redeemable, in whole or in part, at the option of the Corporation, upon not less than (i) 45 days notice to the Trustee (unless a shorter time shall be acceptable to the Trustee for its convenience) and (ii) 30 nor more than 60 days prior written notice at a Redemption Price as evidenced by an Officer's Certificate of the Corporation equal to the greater of (i) 100% of their principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the applicable Treasury Yield plus 20 basis points, together with the accrued interest to the Redemption Date; provided, however, that interest installments due on an Interest Payment Date which is on or prior to the Redemption Date will be payable to those Holders who are Holders of record of the Notes (or one or more predecessor Notes) as of the close of business on the regular record date preceding such Interest Payment Date. (b) If the Notes are only partially redeemed pursuant to this Section 401, such Notes will be redeemed pro rata or by lot or by any other method utilized by the Security Registrar; provided, that if at the time of redemption, the Notes are registered as a Global Note, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes beneficially held by each Holder of Notes to be redeemed.

Redemption of the Notes. Section 401 Redemption of the Notes at the Option of the -------------------------------------------- ------------------------------------------ Corporation. ----------- (a) The Notes at any time from their date of issuance, are redeemable, in whole or in part, at the option of the Corporation, upon not less than (i) 45 days notice to the Trustee (unless a shorter time shall be acceptable to the Trustee for its convenience) and (ii) 30 nor more than 60 days prior written notice at a Redemption Price as evidenced by an Officer's Certificate of the Corporation equal to the greater of (i) 100% of their principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the applicable Treasury Yield plus 20 basis points, together with the accrued interest to the Redemption Date; provided, however, that interest installments due on an Interest Payment Date which is on or prior to the Redemption Date will be payable to those Holders who are Holders of record of the Notes (or one or more predecessor Notes) as of the close of business on the regular record date preceding such Interest Payment Date. (b) If the Notes are only partially redeemed pursuant to this Section 401, such Notes will be redeemed pro rata or by lot or by any other method utilized by the Security Registrar; provided, that if at the time of redemption, the Notes are registered as a Global Note, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes beneficially held by each Holder of Notes to be redeemed.

Redemption of the Notes. Section 401 Redemption of the Notes at the Option of the -------------------------------------------- Corporation. -----------. (a) The Notes at any time from their date of issuance, are redeemable, in whole or in part, at the option of the Corporation, upon not less than (i) 45 days notice to the Trustee (unless a shorter time shall be acceptable to the Trustee for its convenience) and (ii) 30 nor more than 60 days prior written notice at a Redemption Price as evidenced by an Officer's Certificate of the Corporation equal to the greater of (i) 100% of their principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the applicable Treasury Yield plus 20 basis points, together with the accrued interest to the Redemption Date; provided, however, that interest installments due on an Interest Payment Date which is on or prior to the Redemption Date will be payable to those Holders who are Holders of record of the Notes (or one or more predecessor Notes) as of the close of business on the regular record date preceding such Interest Payment Date. (b) If the Notes are only partially redeemed pursuant to this Section 401, such Notes will be redeemed pro rata or by lot or by any other method utilized by the Security Registrar; provided, that if at the time of redemption, the Notes are registered as a Global Note, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes beneficially held by each Holder of Notes to be redeemed.

Redemption of the Notes. Section 401 Redemption of the 2011 Notes at the Option of the -------------------------------------------- Corporation. -----------. (a) The 2011 Notes at any time from their date of issuance, are redeemable, in whole or in part, at the option of the Corporation, upon not less than (i) 45 days notice to the Trustee (unless a shorter time shall be acceptable to the Trustee for its convenience) and (ii) 30 nor more than 60 days prior written notice at a Redemption Price redemption price as evidenced by an Officer's Certificate of the Corporation equal to the greater of (i) 100% of their principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Datediscounted, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months)basis, at the applicable Treasury Yield plus 20 basis points, together with the accrued interest to the Redemption Datedate of redemption; provided, however, that interest installments due on an Interest Payment Date which is on or prior to the Redemption Date date of redemption will be payable to those Holders who are Holders of record of the such 2011 Notes (or one or more predecessor 2011 Notes) as of the close of business on the regular record date preceding such Interest Payment Date. (b) If the 2011 Notes are only partially redeemed pursuant to this Section 401, such 2011 Notes will be redeemed pro rata or by lot or by any other method utilized by the Security Registrar; provided, that if at the time of redemption, the 2011 Notes are registered as a Global Note, the Depositary shall determine, in accordance with its procedures, the principal amount of such 2011 Notes beneficially held by each Holder of 2011 Notes to be redeemed. Section 402 Redemption of the 2031 Notes at the Option of the Corporation. (a) The 2031 Notes at any time from their date of issuance, are redeemable, in whole or in part, at the option of the Corporation, upon not less than (i) 45 days notice to the Trustee (unless a shorter time shall be acceptable to the Trustee for its convenience) and (ii) 30 nor more than 60 days prior written notice at a redemption price as evidenced by an Officer's Certificate of the Corporation equal to the greater of (i) 100% of their principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted, on a semi-annual basis, at the Treasury Yield plus 25 basis points, together with the accrued interest to the date of redemption; provided, however, that interest installments due on an Interest Payment Date which is on or prior to the date of redemption will be payable to those Holders who are Holders of record of such 2031 Notes (or one or more predecessor 2031 Notes) as of the close of business on the regular record date preceding such Interest Payment Date. (b) If the 2031 Notes are only partially redeemed pursuant to this Section 402, such 2031 Notes will be redeemed pro rata or by lot or by any other method utilized by the Security Registrar; provided, that if at the time of redemption, the 2031 Notes are registered as a Global Note, the Depositary shall determine, in accordance with its procedures, the principal amount of such 2031 Notes beneficially held by each Holder of 2031 Notes to be redeemed.

Redemption of the Notes. Section 401 Redemption of the Notes at the Option of the -------------------------------------------- Corporation. ------------------------------------------------------------------- (a) The Notes at any time from their date of issuance, are redeemable, in whole or in part, at the option of the Corporation, upon not less than (i) 45 days notice to the Trustee (unless a shorter time shall be acceptable to the Trustee for its convenience) and (ii) 30 nor more than 60 days prior written notice at a Redemption Price redemption price as evidenced by an Officer's Certificate of the Corporation equal to the greater of (i) 100% of their principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Datediscounted, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months)basis, at the applicable Treasury Yield plus 20 basis points, together with the accrued interest to the Redemption Datedate of redemption; provided, however, that interest installments due on an Interest Payment Date which is on or prior to the Redemption Date date of redemption will be payable to those Holders who are Holders of record of the Notes (or one or more predecessor Notes) as of the close of business on the regular record date preceding such Interest Payment Date. (b) If the Notes are only partially redeemed pursuant to this Section 401, such Notes will be redeemed pro rata or by lot or by any other method utilized by the Security Registrar; provided, that if at the time of redemption, the Notes are registered as a Global Note, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes beneficially held by each Holder of Notes to be redeemed.

Redemption of the Notes. Section SECTION 401 Redemption of the Notes at the Option of the -------------------------------------------- Corporation. -----------. (a) The Notes at any time from their date of issuance, are redeemable, in whole or in part, at the option of the Corporation, upon not less than (i) 45 days notice to the Trustee (unless a shorter time shall be acceptable to the Trustee for its convenience) and (ii) 30 nor more than 60 days prior written notice at a Redemption Price redemption price as evidenced by an Officer's Certificate of the Corporation equal to the greater of (i) 100% of their principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Datediscounted, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months)basis, at the applicable Treasury Yield plus 20 basis points, together with the accrued interest to the Redemption Datedate of redemption; provided, however, that interest installments due on an Interest Payment Date which is on or prior to the Redemption Date date of redemption will be payable to those Holders who are Holders of record of the such Notes (or one or more predecessor Notes) as of the close of business on the regular record date preceding such Interest Payment Date. (b) If the Notes are only partially redeemed pursuant to this Section 401, such Notes will be redeemed pro rata or by lot or by any other method utilized by the Security Registrar; provided, that if at the time of redemption, redemption the Notes are registered as a Global Note, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes beneficially held by each Holder of Notes to be redeemed.

Redemption of the Notes. Section 401 Redemption of the 2010 Notes at the Option of the -------------------------------------------- Corporation. -----------. (a) The 2010 Notes at any time from their date of issuance, are redeemable, in whole or in part, at the option of the Corporation, upon not less than (i) 45 days notice to the Trustee (unless a shorter time shall be acceptable to the Trustee for its convenience) and (ii) 30 nor more than 60 days prior written notice at a Redemption Price redemption price as evidenced by an Officer's Certificate of the Corporation equal to the greater of (i) 100% of their principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Datediscounted, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months)basis, at the applicable Treasury Yield plus 20 basis points, together with the accrued interest to the Redemption Datedate of redemption; provided, however, that interest installments due on an Interest Payment Date which is on or prior to the Redemption Date date of redemption will be payable to those Holders who are Holders of record of the such 2010 Notes (or one or more predecessor 2010 Notes) as of the close of business on the regular record date preceding such Interest Payment Date. (b) If the 2010 Notes are only partially redeemed pursuant to this Section 401, such 2010 Notes will be redeemed pro rata or by lot or by any other method utilized by the Security Registrar; provided, that if at the time of redemption, the 2010 Notes are registered as a Global Note, the Depositary shall determine, in accordance with its procedures, the principal amount of such 2010 Notes beneficially held by each Holder of 2010 Notes to be redeemed. Section 402 No Redemption of the 2005 Notes. The Corporation may not redeem the 2005 Notes.