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Optional
Redemption The Issuer may redeem the notes at its option, in whole or in
part, upon not less than 30 nor more than 60 days written notice, at the
following redemption prices (expressed as percentages of the principal amount
thereof) plus accrued and unpaid interest, if any, thereon to the applicable
redemption date, if redeemed during the 12-month period commencing on October
15 of the year set forth below: Year Percentage 2017 102.938% 2018 101.958%
2019 100.979% 2020 and thereafter 100.000% In addition, at any time prior to
October 15, 2017 the Issuer may at its option redeem the notes, in whole or
in part from time to time, upon not less than 30 nor more than 60 days
written notice, at a price equal to 100% of the principal amount thereof plus
the Applicable Premium (as defined below) and accrued but unpaid interest, if
any, to the date of redemption (subject to the right of holders of record on
the relevant record date to receive interest due on the relevant interest
payment date). Applicable Premium means, with respect to a note at any date
of redemption, the greater of (1) 1.0% of the principal amount of such note;
and (2) the excess of (a) the present value at such Redemption Date of (i)
the redemption price of such note on October 15, 2017 (such redemption price
being that described in the chart above) plus (ii) all required remaining
scheduled interest payments due on such note through October 15, 2017,
computed using a discount rate equal to the Treasury Rate (as defined below)
plus 50 basis points; over (b) the principal amount of such note on such
Redemption Date. Calculation of the Applicable Premium will be made by the
Company or on behalf of the Company by such Person as the Company shall
designate; provided, however, that such calculation, or determination of the
Treasury Rate referenced below, shall not be a duty or obligation of the
Trustee. Treasury Rate means, with respect to a date of redemption, the
yield to maturity at the time of computation of United States Treasury
securities with a constant maturity (as compiled and published in the most
recent Federal Reserve Statistical Release H.15(519) that has become publicly
available at least two business days prior to such date of redemption (or, if
such Statistical Release is no longer published, any publicly available
source of similar market data)) most nearly equal to the period from such
date of redemption to October 15, 2017; provided, however, that if the period
from such date of redemption to October 15, 2017 is not equal to the constant
maturity of the United States Treasury security for which a weekly average
yield is given, the Treasury Rate shall be obtained by linear interpolation
(calculated to the nearest one-twelfth of a year) from the weekly average
yields of United States Treasury securities for which such yields are given,
except that if the period from such date of redemption to October 15, 2017 is
less than one year, the weekly average yield on actually traded United States
Treasury securities adjusted to a constant maturity of one year shall be
used.
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