The notice of redemption will be mailed at least 30 but not more than 60 days before the
redemption date to each holder of record of the Notes to be redeemed at its registered address. The notice of redemption for the Notes will state, among other things, the amount of Notes to be redeemed, the redemption date, the manner in which the
redemption price will be calculated and the place or places that payment will be made upon presentation and surrender of Notes to be redeemed. Unless we default in the payment of the redemption price, interest will cease to accrue on any Notes that
have been called for redemption at the redemption date. If less than all of the Notes of a series are to be redeemed, the Notes to be redeemed will be selected (i) if listed on a national securities exchange or held through the clearing systems
then in compliance with the requirements of such national securities exchange or the clearing system, and (ii) if the Notes are not listed on any securities exchange and are not held through the clearing systems then pro rata, by lot or in such
other manner as the trustee deems appropriate in its sole discretion, unless otherwise required by law.
Repurchase Upon Triggering Event
If a Triggering Event occurs, unless we have exercised our right to redeem the Notes of the relevant series as described under the heading
Description of Debt SecuritiesTax Redemption in the accompanying prospectus or under the heading Optional Redemption above, we will be required to make an offer to repurchase all or, at the holders option, any
part (equal to US$200,000 or multiples of US$1,000 in excess thereof), of each holders Notes pursuant to the offer described below (the Triggering Event Offer) on the terms set forth in the indenture and the Notes of the relevant
series. In the Triggering Event Offer, we will be required to offer payment in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest, if any, on the Notes repurchased to, but not including, the
date of purchase (the Triggering Event Payment).
Within 30 days following a Triggering Event, we will be required to mail a
notice to holders of the Notes, with a copy to the trustee, describing the transaction or transactions that constitute the Triggering Event and offering to repurchase the Notes on the date specified in the notice, which date will be no earlier than
30 days and no later than 60 days from the date such notice is mailed (the Triggering Event Payment Date), pursuant to the procedures required by the Notes of the relevant series and described in such notice.
On the Triggering Event Payment Date, we will be required, to the extent lawful, to:
||accept for payment all Notes or portions of Notes properly tendered pursuant to the Triggering Event Offer; |
||deposit with the relevant paying agent one Business Day prior to the Triggering Event Payment Date an amount equal to the Triggering Event Payment in respect of all Notes or portions of Notes properly tendered; and
||deliver or cause to be delivered to the trustee the Notes properly accepted together with an officers certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by us.
The relevant paying agent will be required to promptly mail, to each holder who properly tendered Notes, the purchase price
for such Notes properly tendered, and the trustee will be required to promptly authenticate and mail (or cause to be transferred by book-entry) to each such holder a new Note equal in principal amount to any unpurchased portion of the Notes
surrendered, if any; provided that each new Note will be in a principal amount of US$200,000 or a multiple of US$1,000 in excess thereof.
We will not be required to make a Triggering Event Offer upon a Triggering Event if a third party makes such an offer in the manner, at the
times and otherwise in compliance with the requirements for an offer made by us and such third party purchases all Notes properly tendered and not withdrawn under its offer. In the event that such third party terminates or defaults its offer, we
will be required to make a Triggering Event Offer treating the date of such termination or default as though it were the date of the Triggering Event.