after the date of optional redemption (an Optional Redemption Date) through the Par Call Date (assuming, for this purpose, that the notes are scheduled to mature on the Par Call Date)
(the Assumed Remaining Life) (excluding interest, if any, accrued thereon to such Optional Redemption Date), discounted to such Optional Redemption Date on a semiannual basis (assuming a 360-day
year consisting of twelve 30-day months) at the Treasury Rate (as defined herein) plus 30 basis points (or 0.300%), and (2) on or after the Par Call Date and prior to maturity, at a price equal to 100% of
the principal amount of the notes to be redeemed, plus, in each case, unpaid interest, if any, accrued thereon to, but excluding, such Optional Redemption Date. Notwithstanding the foregoing, the Company will pay any interest installment due on an
Interest Payment Date which occurs on or prior to such Optional Redemption Date to the holders of the notes as of the close of business on the Regular Record Date immediately preceding such Interest Payment Date.
Comparable Treasury Issue means the United States Treasury security selected by the Quotation Agent as having a maturity comparable to the
Assumed Remaining Life that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the Assumed Remaining Life.
Comparable Treasury Price means, with respect to any Optional Redemption Date, the average of two Reference Treasury Dealer Quotations for such
Optional Redemption Date.
Par Call Date means December 15, 2029, the date that is three months prior to the date that the notes are
scheduled to mature.
Quotation Agent means, with respect to any Optional Redemption Date, the Reference Treasury Dealer appointed by
the Company for such purpose.
Reference Treasury Dealer means (i) each of Deutsche Bank Securities Inc. or J.P. Morgan
Securities LLC or their respective affiliates that are primary U.S. Government securities dealers and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer
in The City of New York (a Primary Treasury Dealer), the Company shall substitute therefor another Primary Treasury Dealer; and (ii) at the Companys option, any other Primary Treasury Dealers selected by the Company.
Reference Treasury Dealer Quotations means, with respect to each Reference Treasury Dealer and any Optional Redemption Date, the
average, as determined by the Company, of the bid and asked prices for, as applicable, the Comparable Treasury Issue (expressed as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 5:00 p.m.,
New York City time, on the third Business Day preceding such Optional Redemption Date.
Treasury Rate means, with respect to any
Optional Redemption Date, the rate per annum equal to the semiannual yield to maturity of the Comparable Treasury Issue, assuming a price for such comparable treasury issue (expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such Optional Redemption Date.
Notice of any optional redemption will be mailed at least 15 days but not more than 30 days prior to
the Optional Redemption Date to each holder of the notes to be redeemed (with a copy to the Trustee). The notice of redemption will specify, among other items, the aggregate principal amount of the notes to be redeemed, the Optional Redemption Date
and a description of the redemption price.
If the Company chooses to redeem less than all of the outstanding notes, then the Company will notify the
Trustee at least 30 days before the Optional Redemption Date (or such later date acceptable to the Trustee) of the aggregate principal amount of notes to be redeemed and the Optional Redemption Date. The Trustee will select, pro rata, by lot, or
such other manner it deems fair and appropriate, the notes to be redeemed in part. For redemption of global notes in part, see Forms.
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