Common use of Redemption at the Issuer’s Option Clause in Contracts

Redemption at the Issuer’s Option. The Notes will be redeemable at the Issuer’s option (A) in whole or in part at any time and from time to time and/or (B) in whole on or after February 1, 2024 (the date that is two months prior to the maturity date), in each case, on payment of the applicable Redemption Price. If less than all of the Notes are to be redeemed pursuant to (A), the Notes so redeemed will be cancelled and will not be re-issued. Notice of any redemption will be delivered at least 30 days but not more than 60 days before the Redemption Date to each Holder of the Notes to be redeemed. On and after any Redemption Date, interest will cease to accrue on the Notes or any portion thereof called for redemption. On or before any Redemption Date, the Issuer shall deposit with the Trustees or with a Paying Agent money sufficient to pay the Redemption Price of and accrued interest on the Notes to be redeemed on such date. If less than all the Notes are to be redeemed, the Notes to be redeemed shall be selected by the Trustees at the Issuer’s direction by such method as the Issuer and the Trustees shall deem fair and appropriate. The Redemption Price shall be calculated by the Independent Investment Banker and the Issuer, the Trustees and any Paying Agent for the Notes shall be entitled to rely on such calculation.

Redemption at the Issuer’s Option. The Notes will be redeemable at the Issuer’s option (A) in whole or in part at any time and from time to time and/or (B) in whole on or after February 1December 29, 2024 2028 (the date that is two three months prior to the maturity date), in each case, on payment of the applicable Redemption Price. If less than all of the Notes are to be redeemed pursuant to (A), the Notes so redeemed will be cancelled and will not be re-issued. Notice of any redemption will be delivered at least 30 15 days but not more than 60 days before the Redemption Date to each Holder of the Notes to be redeemed. On and after any Redemption Date, interest will cease to accrue on the Notes or any portion thereof called for redemption. On or before any Redemption Date, the Issuer shall deposit with the Trustees Trustee or with a Paying Agent money sufficient to pay the Redemption Price of and accrued interest on the Notes to be redeemed on such date. If less than all the Notes are to be redeemed, the Notes to be redeemed shall be selected by the Trustees Trustee at the Issuer’s direction by such method as the Issuer and the Trustees Trustee shall deem fair and appropriate. The Redemption Price shall be calculated by the Independent Investment Banker and the Issuer, the Trustees Trustee and any Paying Agent for the Notes shall be entitled to rely on such calculation.

Redemption at the Issuer’s Option. The Notes will be redeemable at the Issuer’s option (A) in whole or in part at any time and from time to time and/or (B) in whole on or after February 1October 15, 2024 2049 (the date that is two six months prior to the maturity date), in each case, on payment of the applicable Redemption Price. If less than all of the Notes are to be redeemed pursuant to (A), the Notes so redeemed will be cancelled and will not be re-issued. Notice of any redemption will be delivered at least 30 15 days but not more than 60 days before the Redemption Date to each Holder of the Notes to be redeemed. On and after any Redemption Date, interest will cease to accrue on the Notes or any portion thereof called for redemption. On or before any Redemption Date, the Issuer shall deposit with the Trustees or with a Paying Agent (or a Trustee) money sufficient to pay the Redemption Price of and accrued interest on the Notes to be redeemed on such date. If less than all the Notes are to be redeemed, the Notes to be redeemed shall be selected by the Trustees at the Issuer’s direction by such method as the Issuer and the Trustees shall deem fair and appropriatedesignate. The Redemption Price shall be calculated by the Independent Investment Banker and the Issuer, the Trustees and any Paying Agent for the Notes shall be entitled to rely on such calculation.

Redemption at the Issuer’s Option. The Notes will be redeemable at the Issuer’s option (A) in whole or in part at any time and from time to time and/or (B) in whole on or after February 1January 15, 2024 2031 (the date that is two three months prior to the maturity date), in each case, on payment of the applicable Redemption Price. If less than all of the Notes are to be redeemed pursuant to (A), the Notes so redeemed will be cancelled and will not be re-issued. Notice of any redemption will be delivered at least 30 15 days but not more than 60 days before the Redemption Date to each Holder of the Notes to be redeemed. On and after any Redemption Date, interest will cease to accrue on the Notes or any portion thereof called for redemption. On or before any Redemption Date, the Issuer shall deposit with the Trustees or with a Paying Agent (or the Trustee) money sufficient to pay the Redemption Price of and accrued interest on the Notes to be redeemed on such date. If less than all the Notes are to be redeemed, the Notes to be redeemed shall be selected by the Trustees Trustee at the Issuer’s direction by such method as the Issuer and the Trustees Trustee shall deem fair and appropriatedesignate. The Redemption Price shall be calculated by the Independent Investment Banker and the Issuer, the Trustees Trustee and any Paying Agent for the Notes shall be entitled to rely on such calculation.