COCA-COLA ENTERPRISES INC. (a Delaware corporation) Senior Debt Securities TERMS AGREEMENTSecurities Terms Agreement • October 6th, 1998 • Coca Cola Enterprises Inc • Bottled & canned soft drinks & carbonated waters
The Senior Debt Securities will be redeemable as a whole or in part, at the option of the Company, on no less than 30 or more than 60 days' notice mailed to Holders of the Senior Debt Securities to be redeemed, at any time at a redemption price equal to the greater of (i) 100% of the principal amount of the Senior Debt Securities to be redeemed and (ii) the sum of the present values of the Remaining Scheduled Payments thereon discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 20 basis points, together in either case with accrued interest on the principal amount being redeemed to the date of redemption. "Treasury Rate" means, with respect to any redemption date, the rate per annum equal to the semiannual equivalent yield to maturity (computed as of the second business day immediately preceding such redemption date) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Iss
