Common use of REDEMPTION RIGHT AT CORPORATION'S OPTION Clause in Contracts

REDEMPTION RIGHT AT CORPORATION'S OPTION. The Corporation has the right to redeem the Debentures at its sole option, in whole or in part, at any time and from time to time on or after July 1, 2003, at the Redemption Prices specified in paragraph 5 of the Debenture, subject to the terms and conditions set forth in this ARTICLE 3, and subject to the Corporation first obtaining the approval of any holders of any Designated Senior Debt, if required. The election of the Corporation to redeem any Debenture shall be evidenced by a Board Resolution.

REDEMPTION RIGHT AT CORPORATION'S OPTION. The Corporation has the right to redeem the Debentures at its sole option, in whole or in part, at any time and from time to time on or after July September 1, 20032002, at the Redemption Prices specified in paragraph 5 of the Debenture, subject to the terms and conditions set forth in this ARTICLE Article 3, and subject to the Corporation first obtaining the approval of any holders of any Designated Senior Debt, if required. The election of the Corporation to redeem any Debenture shall be evidenced by a Board Resolution.

REDEMPTION RIGHT AT CORPORATION'S OPTION. The Corporation has the right to redeem the Debentures at its sole option, in whole or in part, at any time and from time to time on or after July April 1, 2003, at the Redemption Prices specified in paragraph 5 of the Debenture, subject to the terms and conditions set forth in this ARTICLE Article 3, and subject to the Corporation first obtaining the approval of any holders of any Designated Senior Debt, if required. The election of the Corporation to redeem any Debenture shall be evidenced by a Board Resolution.

REDEMPTION RIGHT AT CORPORATION'S OPTION. The Corporation has the right to redeem the Debentures at its sole option, in whole or in part, at any time and from time to time on or after July December 1, 20032006, at the Redemption Prices specified in paragraph 5 of the Debentureforms of Debenture attached hereto as Exhibits A and B, subject to the terms and conditions set forth in this ARTICLE Article 3, and subject to the Corporation first obtaining the approval of any holders of any Designated Senior Debt, if required. The election of the Corporation to redeem any Debenture shall be evidenced by a Board Resolution.