Common use of Optional Redemptions Clause in Contracts

Optional Redemptions. (a) At any time prior to August 19, 2023, upon not less than 30 nor more than 60 days’ prior notice, the Company may, on any one or more occasions, redeem up to 40% of the aggregate principal amount of Notes issued under this Indenture at a redemption price of 103.575% of the principal amount of the Notes redeemed, plus accrued and unpaid interest, if any, to (but not including) the applicable redemption date, subject to the rights of Holders on the relevant Record Date to receive interest due on the relevant Interest Payment Date, with the net cash proceeds of one or more Equity Offerings; provided that: (1) at least 60% of the aggregate principal amount of Notes issued on the Original Issue Date (excluding Notes held by the Parent or its Subsidiaries) remains outstanding immediately after the occurrence of such redemption; and (2) the redemption occurs within 90 days of the date of the closing of such Equity Offering. (b) At any time prior to August 19, 2023, upon not less than 30 nor more than 60 days’ prior notice, the Company may, on any one or more occasions, redeem all or any portion of the Notes at a redemption price equal to 100% of the principal amount of the Notes redeemed, plus the Applicable Premium as of, and accrued and unpaid interest, if any, to (but not including), the applicable redemption date, subject to the rights of Holders on the relevant Record Date to receive interest due on the relevant Interest Payment Date. Neither the Trustee nor any of the Agents shall be responsible for verifying or calculating the Applicable Premium. (c) At any time on or after August 19, 2023, upon not less than 30 nor more than 60 days’ prior notice, the Company may, on any one or more occasions, redeem all or any portion of the Notes at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, on the Notes redeemed, to (but not including) the applicable redemption date, if redeemed during the periods indicated below, subject to the rights of Holders on the relevant Record Date to receive interest on the relevant Interest Payment Date: From August 19, 2023 to August 18, 2024 101.7875 % From August 19, 2024 to August 18, 2025 100.89375 % On or after August 19, 2025 100.000 % Unless the Company defaults in the payment of the applicable redemption price, interest will cease to accrue on the Notes or portions thereof called for redemption on the applicable redemption date. Any redemption pursuant to this Section 3.07, and any related notice of redemption may, at the Company’s discretion, be subject to one or more conditions precedent. If such redemption or notice is subject to satisfaction of one or more conditions precedent, such notice may state that, in the Company’s discretion, the redemption date may be delayed until such time as any or all such conditions shall be satisfied, or such redemption may not occur and such notice may be rescinded if any or all such conditions shall not have been satisfied by the redemption date, or by the redemption date so delayed. (d) Any redemption pursuant to this Section 3.07 shall be made pursuant to the provisions of Sections 3.01 through 3.06 hereof.

Optional Redemptions. (a) At any time prior i. Prior to August 19, 2023, upon not less than 30 nor more than 60 days’ prior noticeConversion, the Company mayBonds are subject to redemption, at the option of the Authority, on any one or more occasions, redeem up to 40% of the aggregate principal amount of Notes issued under this Indenture Effective Rate Date at a redemption price of 103.575% of the principal amount of the Notes redeemed, plus accrued and unpaid interest, if any, to (but not including) the applicable redemption date, subject to the rights of Holders on the relevant Record Date to receive interest due on the relevant Interest Payment Date, with the net cash proceeds of one or more Equity Offerings; provided that: (1) at least 60% of the aggregate principal amount of Notes issued on the Original Issue Date (excluding Notes held by the Parent or its Subsidiaries) remains outstanding immediately after the occurrence of such redemption; and (2) the redemption occurs within 90 days of the date of the closing of such Equity Offering. (b) At any time prior to August 19, 2023, upon not less than 30 nor more than 60 days’ prior notice, the Company may, on any one or more occasions, redeem all or any portion of the Notes at a redemption price Redemption Price equal to 100% of the principal amount thereof plus the accrued interest thereon to the date of redemption. ii. On or after Conversion, the Converted Bonds shall be subject to redemption, at the option of the Notes redeemedAuthority, plus (1) on the Applicable Premium as ofConversion Date, in whole or in part, at a redemption price of 100% of the principal amount thereof, and (2) thereafter, during the periods specified below or, subject to delivery to the Trustee of an opinion of Bond Counsel to the effect that any different periods specified by the Authority will not cause the interest on the 2002 Series A Tax-Exempt Bonds to be subject to inclusion in gross income under Section 103 of the Code, during such periods specified by the Authority, in whole at any time or in part from time to time, at a redemption price of 100% of the principal amount thereof, in each case plus accrued and unpaid interest, if any, to (but not including), the applicable redemption date, subject : Length of Time From Conversion Date To Maturity Date First Optional (expressed in years) Redemption Date greater than 15 after 10 years less than or equal to 15 after 7 years and greater than 10 less than or equal to 10 after 5 years and greater than 7 less than or equal to 7 after 3 years and greater than 5 less than or equal to 5 not optionally callable In the rights of Holders on event that the relevant Record Conversion Date to receive interest due on the relevant is not an Interest Payment Date. Neither , then the Trustee nor any of date on which the Agents Converted 2002 Bonds shall first be responsible for verifying or calculating the Applicable Premium. (c) At any time on or after August 19, 2023, upon not less than 30 nor more than 60 days’ prior notice, the Company may, on any one or more occasions, redeem all or any portion of the Notes at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, on the Notes redeemed, to (but not including) the applicable redemption date, if redeemed during the periods indicated below, subject to the rights of Holders on the relevant Record Date to receive interest on the relevant Interest Payment Date: From August 19, 2023 to August 18, 2024 101.7875 % From August 19, 2024 to August 18, 2025 100.89375 % On or after August 19, 2025 100.000 % Unless the Company defaults in the payment of the applicable redemption price, interest will cease to accrue on the Notes or portions thereof called for redemption on the applicable redemption date. Any redemption pursuant to this Section 3.07, and any related notice of redemption may, at the Company’s discretion, foregoing table (after the Conversion Date) shall be the first Interest Payment Date next succeeding the date on which the such Converted Bonds otherwise would be subject to one or more conditions precedentredemption. If such In the event of an optional redemption or notice is subject to satisfaction of one or more conditions precedent, such notice may state that, in the Company’s discretionpart, the redemption date may Authority shall direct the Class, tenor, series, maturity or maturities, and the amounts thereof, so to be delayed until such time as any or all such conditions shall be satisfied, or such redemption may not occur and such notice may be rescinded if any or all such conditions shall not have been satisfied by the redemption date, or by the redemption date so delayedredeemed. (d) Any redemption pursuant to this Section 3.07 shall be made pursuant to the provisions of Sections 3.01 through 3.06 hereof.

Optional Redemptions. (a) At any time prior to August 19, 2023, 2023 upon not less than 30 nor more than 60 days’ prior notice, the Company may, on any one or more occasions, redeem up to 40% of the aggregate principal amount of Notes issued under this the Indenture at a redemption price of 103.575% of the principal amount of the Notes redeemed, plus accrued and unpaid interest, if any, to (but not including) the applicable redemption date, subject to the rights of Holders on the relevant Record Date to receive interest due on the relevant Interest Payment Date, with the net cash proceeds of one or more Equity Offerings; provided that: (1) at least 60% of the aggregate principal amount of Notes issued on the Original Issue Date (excluding Notes held by the Parent or its Subsidiaries) remains outstanding immediately after the occurrence of such redemption; and (2) the redemption occurs within 90 days of the date of the closing of such Equity Offering. (b) At any time prior to August 19, 2023, upon not less than 30 nor more than 60 days’ prior notice, the Company may, on any one or more occasions, redeem all or any portion of the Notes at a redemption price equal to 100% of the principal amount of the Notes redeemed, plus the Applicable Premium as of, and accrued and unpaid interest, if any, to (but not including), the applicable redemption date, subject to the rights of Holders on the relevant Record Date to receive interest due on the relevant Interest Payment Date. Neither the Trustee nor any of the Agents shall be responsible for verifying or calculating the Applicable Premium. (c) At any time on or after August 19, 2023, upon not less than 30 nor more than 60 days’ prior notice, the Company may, on any one or more occasions, redeem all or any portion of the Notes at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, on the Notes redeemed, redeemed to (but not including) the applicable redemption date, if redeemed during the periods indicated below, subject to the rights of Holders on the relevant Record Date to receive interest on the relevant Interest Payment Date: From August 19, 2023 to August 18, 2024 101.7875 % From August 19, 2024 to August 18, 2025 100.89375 % On or after August 19, 2025 100.000 % Unless the Company defaults in the payment of the applicable redemption price, interest will cease to accrue on the Notes or portions thereof called for redemption on the applicable redemption date. Any redemption conducted pursuant to this Section 3.07, 3.07 of the Indenture and any related notice of redemption may, at the Company’s discretion, be subject to one or more conditions precedent. If such redemption or notice is subject to satisfaction of one or more conditions precedent, such notice may state that, in the Company’s discretion, the redemption date may be delayed until such time as any or all such conditions shall be satisfied, or such redemption may not occur and such notice may be rescinded if any or all such conditions shall not have been satisfied by the redemption date, or by the redemption date so delayed. (d) Any redemption pursuant to this Section 3.07 shall be made pursuant to the provisions of Sections 3.01 through 3.06 hereof.