Optional Redemption:
|
|
The Issuer may redeem the 2024 Notes at its option, in whole or in part, at any time on or after August 15, 2022 at a redemption
price equal to 100% of the principal amount of the 2024 Notes being redeemed, plus accrued and unpaid interest, if any, to, but not including, the redemption date. The Issuer does not have the right to redeem the 2024 Notes prior to August 15,
2022.
The Issuer may, at its option, redeem the 2041 Notes, the 2051 Notes and the
2061 Notes, in whole or in part, at any time and from time to time prior to (a) February 15, 2041 in the case of the 2041 Notes (six (6) months prior to the maturity date of the 2041 Notes), (b) February 15, 2051 in the case of
the 2051 Notes (six (6) months prior to the maturity date of the 2051 Notes) and (c) February 15, 2061 in the case of the 2061 Notes (six (6) months prior to the maturity date of the 2061 Notes), in each case at a redemption
price equal to the greater of:
100% of the principal amount of the notes of such series being redeemed, and
the sum, as determined
by an Independent Investment Banker, of the present values of the Remaining Scheduled Payments on the notes being redeemed that would be due if such series of the notes matured on the applicable Par Call Date (excluding accrued and unpaid interest
to the redemption date), discounted to the redemption 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 in the case of the 2041 Notes, 25 basis points in the case of the 2051 Notes and 25 basis points in the case of the 2061 Notes,
in each case, plus accrued and unpaid interest, if any, to, but not including, the redemption date.
In addition, the Issuer may redeem the 2041 Notes, the 2051 Notes and the 2061 Notes at
its option, in whole or in part, at any time on or after the applicable Par Call Date at a redemption price equal to 100% of the principal amount of the notes of such series being redeemed, plus accrued and unpaid interest, if any, to, but not
including, the redemption date of such series of notes.
|