2031 Notes Sample Clauses
The '2031 Notes' clause defines a specific series of debt securities, typically referring to notes that mature in the year 2031. This clause outlines the key terms and conditions applicable to these notes, such as interest rates, payment schedules, and any special covenants or rights associated with them. By clearly identifying and detailing the obligations and features of the 2031 Notes, the clause ensures that both issuers and holders understand their respective rights and responsibilities, thereby reducing ambiguity and potential disputes regarding this particular debt instrument.
2031 Notes. Pursuant to Section 2.01 of the Base Indenture, the terms and provisions of the 2031 Notes are as follows:
(a) The title of the 2031 Notes shall be “4.500% Senior Notes due 2031.”
(b) The 2031 Notes shall be initially limited to $1,250,000,000 aggregate principal amount. The Issuers may, without the consent of the Holders of the 2031 Notes, increase such aggregate principal amount in the future, on the same terms and conditions, except for any differences in the issue date, issue price and, if applicable, the first Interest Payment Date and the first date from which interest will accrue. The 2031 Notes issued originally hereunder (the “Initial 2031 Notes”) and any Additional Securities of such series subsequently issued, shall be treated as a single class for purposes of the Indenture, including waivers, amendments, redemptions and offers to purchase; provided that if any such Additional Securities are not fungible with the Initial 2031 Notes for U.S. federal income tax purposes, such Additional Securities will have a separate CUSIP number and ISIN number from the Initial 2031 Notes.
(c) The price at which the 2031 Notes shall be issued to the public is 100.000%.
(d) The Issuers’ actions and determinations in determining the Redemption Price shall be conclusive and binding, absent manifest error. The Trustee shall have no obligation to determine the Redemption Price or to verify the calculation of the Redemption Price.
(e) The Stated Maturity for the 2031 Notes shall be on February 15, 2031. The 2031 Notes shall not require any principal or premium payments prior to the Stated Maturity.
(f) The rate at which the 2031 Notes shall bear interest shall be 4.500% per annum, as set forth in Section 1 of the form of 2031 Note attached hereto as Exhibit A. Interest on the 2031 Notes shall accrue from the most recent date to which interest has been paid, or, if no interest has been paid, from October 6, 2025; provided that the first Interest Payment Date shall be February 15, 2026. Each February 15 and August 15 in each year, commencing February 15, 2026, shall be an Interest Payment Date for the 2031 Notes. The February 1 or August 1 (whether or not a Business Day), as the case may be, immediately preceding an Interest Payment Date shall be the Record Date for the interest payable on such Interest Payment Date, even if such 2031 Notes are canceled after such record date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Base Ind...
2031 Notes. Prior to May 18, 2031, the Company may, at its option, redeem the 2031 Notes, at any time and from time to time, in whole or in part, upon at least 15 days but not more than 60 days prior written notice, at a redemption price equal to the greater of the following amounts plus, in each case, accrued and unpaid interest on such Notes to, but not including, the redemption date:
(1) 100% of the principal amount of the Notes to be redeemed on the redemption date; or
(2) the sum of the present values of the Remaining Scheduled Payments for such Notes. In determining the present values of the Remaining Scheduled Payments, the Company will discount such payments to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) using a discount rate equal to the Treasury Rate plus 20 basis points. In addition, at any time and from time to time, on or after May 18, 2031, the Company may redeem the 2031 Notes at its option, either in whole or in part, upon at least 15 days but not more than 60 days prior notice, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed on the redemption date, plus accrued and unpaid interest on such Notes to, but not including, the redemption date.
2031 Notes. The 2031 Notes will bear interest at the rate of 1.300% per annum. Interest on the 2031 Notes will be payable annually in arrears on August 5 of each year, commencing on August 5, 2020, to the Persons in whose names the 2031 Notes are registered at the close of business of the preceding July 21 or, if the 2031 Notes are represented by one or more global notes, the close of business on the business day (for this purpose a day on which Clearstream and Euroclear are open for business) immediately preceding July 21. Interest on the 2031 Notes will be computed on the basis of the actual number of days in the period for which interest is being calculated and the actual number of days from and including the last date on which interest was paid on the 2031 Notes (or August 5, 2019, if no interest has been paid on the 2031 Notes) to, but excluding, the next scheduled interest payment date. This payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Market Association.
2031 Notes. The Company may, at its option, at any time before March 1, 2031 (three months prior to their maturity date) redeem some or all of the Notes at any time or from time to time prior to their maturity, at a redemption price equal to the greater of the principal amount of the Notes being redeemed plus accrued and unpaid interest to the redemption date and the Make-Whole Amount, as described in the Preliminary Prospectus, which includes a Make-Whole Spread. On or after March 1, 2031 (three months prior to their maturity date) the Company may at its option redeem some or all of the Notes at a redemption price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest to the redemption date.
2031 Notes. The 2031 Notes will bear interest at the rate of 2.400% per annum. Interest on the 2031 Notes will be computed on the basis of a 360-day year of twelve 30-day months. Interest on the 2031 Notes will be payable semi-annually in arrears on May 15 and November 15, commencing November 15, 2021, and ending on the date of maturity, to the Persons in whose names the 2031 Notes are registered on the preceding May 1 and November 1 (whether or not that date is a Business Day), respectively.
2031 Notes. (1) At any time prior to September 15, 2027, the Issuer may, on one or more occasions, redeem up to 40% of the aggregate principal amount of the 2031 Notes issued under this Indenture (including Additional 2031 Notes) at a redemption price of 105.625% of the principal amount of the 2031 Notes redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date, subject to the right of Holders of record on the relevant record date to receive interest due on an interest payment date that is on or prior to the Redemption Date, in an amount not greater than the net cash proceeds of one or more Equity Offerings; provided that:
(I) at least 60% of the aggregate principal amount of the 2031 Notes issued on the date of this Indenture remains outstanding immediately after the occurrence of such redemption (excluding 2031 Notes held by the Issuer and its Subsidiaries); and
(II) the redemption occurs within 180 days of the date of the closing of each such Equity Offering.
(2) On and after September 15, 2027, the Issuer may, on one or more occasions, redeem all or a part of the 2031 Notes (including Additional 2031 Notes) at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, on the 2031 Notes redeemed to, but excluding, the applicable Redemption Date (subject to the right of Holders of record on the relevant record date to receive interest due on an interest payment date that is on or prior to the Redemption Date), if redeemed during the twelve-month period beginning on September 15 of the years indicated below: 2027 102.813 % 2028 101.406 % 2029 and thereafter 100.000 %
(3) Prior to September 15, 2027, the Issuer may, on one or more occasions, redeem all or part of the 2031 Notes (including Additional 2031 Notes) at a redemption price equal to the sum of the principal amount thereof, plus the Applicable Premium for the 2031 Notes, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date (subject to the right of Holders of record on the relevant record date to receive interest due on an interest payment date that is on or prior to the Redemption Date).