redemption date, interest will cease to accrue on such notes (or such portion thereof) called for redemption and such notes will cease to be outstanding. If any redemption date is not a business
day, we will pay the redemption price on the next business day without any interest or other payment due to the delay.
If fewer than all
of the notes of a series are to be redeemed, the trustee will select the notes of such series for redemption by lot in accordance with DTCs applicable procedures. Notes of $2,000 principal amount or less will not be redeemed in part.
Comparable Treasury Issue means, with respect to the notes of a series, the United States Treasury security selected by a
Reference Treasury Dealer appointed by us as being the most recently issued United States Treasury security having an actual or interpolated maturity comparable to the remaining term of the notes to be redeemed (assuming, in the case of the
notes, the notes, the
notes, the notes, and the
notes, that such notes to be redeemed matured on the applicable Par Call Date) 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 term of the notes (assuming, in the case of the
notes, the notes, the
notes, the notes, and the
notes, that such notes matured on the applicable Par Call Date).
Comparable Treasury Price means, with respect to any redemption date, (i) the average of the Reference Treasury Dealer
Quotations for such redemption date, after excluding the highest and lowest of such Reference Treasury Dealer Quotations, (ii) if we obtain fewer than five such Reference Treasury Dealer Quotations, then the average of all such quotations shall
be used, or (iii) if only one Reference Treasury Dealer Quotation can reasonably be obtained by us, such quotation shall be used.
Par Call Date means, in the case of the
notes, (the date that is
months prior to the maturity date of the notes), in the
case of the notes, (the date that is
months prior to the maturity date of the notes), in the
case of the notes, (the date that is
months prior to the maturity date of the notes), in the
case of the notes, (the date that is
months prior to the maturity date of the notes), and,
in the case of the notes, (the date that is
months prior to the maturity date of the notes).
Reference Treasury Dealer means each of Goldman Sachs & Co. LLC, Deutsche Bank, Securities Inc., HSBC Securities (USA)
Inc., and J.P. Morgan Securities LLC, and their respective successors and two other nationally recognized investment banking firms that are primary U.S. Government securities dealers in the United States (a Primary Treasury Dealer)
specified from time to time by us; provided, however, that if any of the foregoing shall cease to be a Primary Treasury Dealer, we shall substitute therefor another nationally recognized investment banking firm that is a 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 Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to us by each Reference Treasury Dealer at 5:00 p.m., New York City time,
on the third business day preceding the redemption date.
Treasury Rate means, with respect to any redemption date, the rate
per annum equal to the semi-annual equivalent yield to maturity of the applicable Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the applicable Comparable
Treasury Price for the redemption date.
Notice of any redemption will be electronically delivered or mailed at least 10 days but not more
than 60 days before the redemption date to each holder of the notes to be redeemed. In the event that we choose to redeem less than all of the notes, selection of the notes for redemption will be made by the trustee by lot, in accordance with
DTCs applicable procedures. Unless we default in payment of the redemption price, on and after the redemption date interest will cease to accrue on the notes, or portions thereof, called for redemption.
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