WHEREAS, the Company and Retiring Trustee executed and delivered a Supplemental Indenture, dated as of July 23, 2020 (the “Fourth Supplemental Indenture”), to provide for the issuance and sale of $500,000,000.00 aggregate principal amount of the Company’s 4.250% notes due 2026 (the “January 2026 Notes”);
WHEREAS, the Company and Retiring Trustee executed and delivered a Supplemental Indenture, dated as of December 8, 2020 (the “Fifth Supplemental Indenture”), to provide for the issuance and sale of $1,000,000,000.00 aggregate principal amount of the Company’s 3.400% notes due 2026 (the “July 2026 Notes”);
WHEREAS, the Company and Retiring Trustee executed and delivered a Supplemental Indenture, dated as of April 26, 2021 (the “Sixth Supplemental Indenture”), to provide for the issuance and sale of $500,000,000.00 aggregate principal amount of the Company’s 2.625% notes due 2027 (the “2027 Notes”);
WHEREAS, the Company and Retiring Trustee executed and delivered a Supplemental Indenture, dated as of June 11, 2021 (the “Seventh Supplemental Indenture” and together with the Base Indenture, the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture, the Fourth Supplemental Indenture, the Fifth Supplemental Indenture, and the Sixth Supplemental Indenture, the “Indenture”), to provide for the issuance and sale of $850,000,000.00 aggregate principal amount of the Company’s 2.875% notes due 2028 (the “2028 Notes”);
WHEREAS, Section 6.09(c) of the Indenture provides that the Trustee may be removed at any time upon thirty (30) days proper written notice by the Company, provided that contemporaneously therewith the Company immediately appoints a successor Trustee and the successor Trustee accepts its appointment as successor Trustee;
WHEREAS, the Indenture provides that, if the Trustee shall be removed, the Company, by a Board Resolution, shall immediately appoint a successor Trustee with respect to the relevant Securities;
WHEREAS, the Indenture provides that any successor Trustee appointed in accordance with the Indenture shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment under the Indenture, and thereupon the removal of the retiring Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all rights, powers, trusts and duties of the retiring Trustee;
WHEREAS, the Company wishes to remove the Retiring Trustee as Trustee, Security Registrar, Authenticating Agent, Paying Agent and Depositary Custodian under the Indenture with effect from and including December 14, 2023 (the “Effective Date”); provided, however, that the Successor Trustee’s appointment as Paying Agent and Security Registrar shall not be effective until ten business days after the Successor Trustee provides notification of its appointment as Paying Agent and Security Registrar to Depository Trust Company d/b/a Cede & Company;