Common use of Redemption; Sinking Fund Clause in Contracts

Redemption; Sinking Fund. (a) Except as provided in paragraph (b) below, the Securities are not redeemable prior to maturity. (b) Prior to August 15, 2053 (the date that is six months prior to the maturity date of the Securities) (the “Par Call Date”), the Company may redeem the Securities at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the Securities matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 20 basis points, less (b) interest accrued to the redemption date, and (2) 100% of the principal amount of the Securities to be redeemed, plus, in each case, accrued and unpaid interest thereon to, but excluding, the redemption date. On and after the Par Call Date, the Company may redeem the Securities, 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 Securities being redeemed, plus accrued and unpaid interest thereon to the redemption date.

Redemption; Sinking Fund. (a) Except as provided in paragraph (b) below, the Securities are not redeemable prior to maturity. (b) Prior to August 15, 2053 (the date that is six months prior to the maturity date of the Securities) (the “Par Call Date”), the Company may redeem the The Securities at its option, in whole or in partare redeemable, at any time and in whole or from time to timetime in part, prior to May 15, 2050, at the option of the Company at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (ai) 100% of the principal amount of the Securities to be redeemed on that redemption date; and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon on the Securities being redeemed on that redemption date that would be due if the Securities being redeemed matured on May 15, 2050 (not including any portion of such payments of interest accrued as of the redemption date), discounted to the redemption date (assuming the Securities matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below), plus 20 35 basis points, less (b) interest accrued to the redemption date, and (2) 100% of the principal amount of the Securities to be redeemed, plus, in each case, accrued and unpaid interest thereon to, but excluding, the redemption date. On and or after the Par Call DateMay 15, 2050, the Company may redeem the SecuritiesSecurities will be redeemable, at any time in whole or from time to time in part, at any time and from time to time, the Company’s option at a redemption price equal to 100% of the principal amount of the Securities being redeemed, to be redeemed on that redemption date plus accrued and unpaid interest thereon to the but excluding such redemption date. Notwithstanding the foregoing, installments of interest on Securities that are due and payable on Interest Payment Dates falling on or prior to a redemption date will be payable on the Interest Payment Date to the registered Holders as of the close of business on the relevant Record Date according to this Security and the Indenture.

Redemption; Sinking Fund. (a) Except as provided in paragraph (b) below, the Securities are not redeemable prior to maturity. (b) Prior The Securities are redeemable, at any time in whole or from time to time in part, prior to August 15, 2053 (2030, at the date that is six months prior to the maturity date option of the Securities) (the “Par Call Date”), the Company may redeem the Securities at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (ai) 100% of the principal amount of the Securities to be redeemed on that redemption date; and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon on the Securities being redeemed on that redemption date that would be due if the Securities being redeemed matured on August 15, 2030 (not including any portion of such payments of interest accrued as of the redemption date), discounted to the redemption date (assuming the Securities matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below), plus 20 25 basis points, less (b) interest accrued to the redemption date, and (2) 100% of the principal amount of the Securities to be redeemed, plus, in each case, accrued and unpaid interest thereon to, but excluding, the redemption date. On and or after the Par Call DateAugust 15, 2030, the Company may redeem the SecuritiesSecurities will be redeemable, at any time in whole or from time to time in part, at any time and from time to time, the Company’s option at a redemption price equal to 100% of the principal amount of the Securities being redeemed, to be redeemed on that redemption date plus accrued and unpaid interest thereon to the but excluding such redemption date. Notwithstanding the foregoing, installments of interest on Securities that are due and payable on Interest Payment Dates falling on or prior to a redemption date will be payable on the Interest Payment Date to the registered Holders as of the close of business on the relevant Record Date according to this Security and the Indenture.

Redemption; Sinking Fund. (a) Except as provided in paragraph (b) below, the Securities are not redeemable prior to maturity. (b) Prior to August November 15, 2053 2033 (the date that is six three months prior to the maturity date of the Securities) (the “Par Call Date”), the Company may redeem the Securities at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the Securities matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 20 basis points, less (b) interest accrued to the redemption date, and (2) 100% of the principal amount of the Securities to be redeemed, plus, in each case, accrued and unpaid interest thereon to, but excluding, the redemption date. On and after the Par Call Date, the Company may redeem the Securities, 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 Securities being redeemed, plus accrued and unpaid interest thereon to the redemption date.