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Title: |
Notes |
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Entities: |
Banc of America Securities LLC; Cede & Co.; Dow Chemical Co.; First National Bank of Chicago; J.P. Morgan Securities Inc.; Bank One Trust Company, N.A. |
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Date: |
2002 |
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Size: |
Preview shows 3KB of 22KB total |
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Price: |
$36 |
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ID: |
#210641 |
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5.161% NOTES DUE NOVEMBER 30, 2007
Section 1. General. This Note is one of a duly authorized issue of
securities of the Company (herein called the "Securities"), issued and to be
issued in one or more series under an Indenture, dated as of April 1, 1992, as
supplemented by a supplemental indenture dated as of January 1, 1994, a second
supplemental indenture dated as of October 1, 1999, and a third supplemental
indenture dated as of May 15, 2001 (the "Indenture"), between the Company and
Bank One Trust Company, N.A., as successor in interest to The First National
Bank of Chicago, as Trustee (herein called the "Trustee", which term includes
any successor trustee under the Indenture), to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of
the Company, the Trustee and the Holders of the Securities and of the terms upon
which the Securities are, and are to be, authenticated and delivered. This
Security is one of the Securities of the series designated on the face hereof.
Section 2. [Intentionally Omitted]
Section 3. Redemption; Sinking Fund. (a) Except as provided in paragraph
(b) below, the Securities are not redeemable prior to maturity.
(b) All or a portion of the Securities will be redeemable at any time
or from time to time at the option of the Company at a redemption price
equal to the greater of
(i) one hundred percent (100%) of the principal amount of the
Securities to be redeemed on the redemption date; and
(ii) the sum of the present values of the remaining scheduled
payments of principal and interest on the Securities being redeemed
on such redemption date (not including any portion of any payments of
interest accrued to the redemption date), discounted to the redemption
date on a semiannual basis at the Treasury Rate (as defined below),
plus 25 basis points, as determined by the Reference Treasury Dealer
(as defined below),
plus, in either case, accrued interest thereon to the redemption date.
Notwithstanding the foregoing, installments of interest on Securities that
are due and payable on interest payment dates falling on or prior to a
redemption date will be payable on the interest payment date to the
registered holders as of the close of business on the relevant record date
according to the Securities and the Indenture. The redemption price will be
calculated on the basis of a 360-day year consisting of twelve 30-day
months.
Notice of any redemption will be mailed at least 30 days but not more than
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