on the relevant interest payment date, redemption date, or maturity date, and, unless we default on the payment, no interest will accrue for the period from and after the interest payment date,
redemption date, or maturity date on the applicable series of notes. Business day means a day other than a Saturday, a Sunday, or a day on which banking institutions in Dallas, Texas, are authorized or obligated to close.
Initially, the notes will be issued in global form as indicated under Book-Entry, Delivery, and Form below. We may make
payments on any notes that are later issued in certificated form at the corporate trust office of the trustee, which is currently located at 600 South 4th Street, 6th Floor, Minneapolis, MN 55415.
Redemption
We will have the right to
redeem the notes, in whole or in part, at any time at the redemption price set forth below. If either series of the notes are redeemed at any time prior to the applicable Par Call Date (as defined below), such notes will be redeemed at a redemption
price equal to the greater of (1) 100% of the principal amount of the notes to be redeemed and (2) the sum of the present values of the remaining scheduled payments of principal and interest on such notes that would have been made if the notes
matured on the applicable Par Call Date (exclusive of interest accrued 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 applicable Treasury Rate plus 50 basis points, plus, in each case, accrued and unpaid interest on the principal amount being redeemed to such redemption date. If either series of the notes are
redeemed on or after the applicable Par Call Date, such notes will be redeemed at a redemption price equal to 100% of the principal amount of such notes to be redeemed, plus accrued and unpaid interest thereon to the redemption date. In each case,
the redemption is 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 before the date of redemption.
For purposes of determining the redemption price, the following definitions are applicable:
2025 Notes Par Call Date means April 4, 2025.
2027 Notes Par Call Date means April 15, 2027.
Comparable Treasury Issue means the United States Treasury security selected by the Quotation Agent as having an actual or
interpolated maturity comparable to the remaining term of the series of the notes to be redeemed, calculated as if the maturity date of such notes were the applicable Par Call Date (the 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 Remaining Life.
Comparable Treasury Price means, with respect to any redemption date, the average of the Reference Treasury Dealer Quotations for
such redemption date.
Par Call Date means each of the 2025 Notes Par Call Date and the 2027 Notes Par Call Date.
Quotation Agent means one of the Reference Treasury Dealers appointed by us.
Reference Treasury Dealer means BNP Paribas Securities Corp., BofA Securities, Inc., Citigroup Global Markets, Inc., J.P. Morgan
Securities LLC, and Morgan Stanley & Co. LLC, and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in New York City (a Primary Treasury
Dealer), we will substitute therefor another Primary Treasury Dealer.
Reference Treasury Dealer Quotations means, with
respect to each Reference Treasury Dealer and any redemption date, the average, as determined by us, of the bid and asked prices for the applicable Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in
writing to us and the trustee by such Reference Treasury Dealer at 3:30 p.m., New York City time, on the third business day preceding such redemption date.
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