If any interest payment date, redemption date, Change of Control Payment Date or the
maturity date of any of such series of the notes is not a business day, then payment of principal and interest will be made on the next succeeding business day. No interest will accrue on the amount so payable for the period from such interest
payment date, redemption date, Change of Control Payment Date or maturity date, as the case may be, to the date payment is made. A business day is any Monday, Tuesday, Wednesday, Thursday or Friday that is not a day on which banking
institutions in New York City are authorized or obligated by law or executive order to close.
Optional Redemption
We may, at our option, at any time and from time to time redeem all or any portion of each series of the notes on not less than 15 nor more
than 45 days notice mailed to the holders of the notes to be redeemed. Prior to the relevant Par Call Date (as defined below) with respect to the 2026 notes and the 2029 notes, and at all times prior to maturity with respect to the 2025 notes,
the Company may redeem each series of the notes at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of:
(1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption
date (with respect to the 2026 notes and the 2029 notes, assuming such series of notes matured on the relevant Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the relevant Discount Rate (as defined below) less (b) interest accrued to the date of redemption, and
(2) 100% of the principal amount of the notes to be redeemed, plus, in either case, accrued and unpaid interest thereon to the redemption
date.
With respect to the 2026 notes and the 2029 notes, on or after the relevant Par Call Date, the Company may redeem each series of
the notes, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the notes being redeemed plus accrued and unpaid interest thereon to the redemption date.
Applicable Date means the Par Call Date for the 2026 notes and the 2029 notes, and the maturity date for the 2025 notes.
Discount Rate means, with respect to the 2025 notes, the Treasury Rate plus 5 basis points, with respect to the 2026 notes, the
Treasury Rate plus 10 basis points and, with respect to the 2029 notes, the Treasury Rate plus 10 basis points.
Par Call Date
means, with respect to the 2026 notes, August 30, 2026 (the date that is one month prior to the maturity date of the 2026 notes) and, with respect to the 2029 notes, March 15, 2029 (the date that is one month prior to the maturity date of the 2029
notes).
Treasury Rate means, with respect to any redemption date, the yield determined by the Company in accordance with the
following two paragraphs.
The Treasury Rate shall be determined by the Company or its designee after 4:15 p.m., New York City time (or
after such time as yields on U.S. government securities are posted daily by the Board of Governors of the Federal Reserve System), on the third business day preceding the redemption date based upon the yield or yields for the most recent day that
appear after such time on such day in the most recent statistical release published by the Board of Governors of the Federal Reserve System designated as Selected Interest Rates (Daily) H.15 (or any successor designation or
publication) (H.15) under the caption U.S. government securitiesTreasury constant maturitiesNominal (or any successor caption or heading) (H.15 TCM). In determining the Treasury Rate, the Company or
its designee shall select, as applicable: (1) the yield for the Treasury constant maturity on H.15 exactly equal to the period from the redemption date to the Applicable Date (the Remaining Life); or (2) if there is no such
Treasury constant maturity on H.15 exactly equal to the Remaining Life, the two yields
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