Special Mandatory Redemption Event:
The term “Special Mandatory Redemption Event” has the meaning specified in Section 4.01(a) of this First Supplemental Indenture.
Special Mandatory Redemption Notice:
The term “Special Mandatory Redemption Notice” has the meaning specified in Section 4.01(b) of this First Supplemental Indenture.
Special Mandatory Redemption Notice Date:
The term “Special Mandatory Redemption Notice Date” has the meaning specified in Section 4.01(b) of this First Supplemental Indenture.
Special Mandatory Redemption Price:
The term “Special Mandatory Redemption Price” has the meaning specified in Section 4.01(a) of this First Supplemental Indenture.
TDCC:
The term “TDCC” means The Dow Chemical Company, exclusive of its subsidiaries.
Yield to Maturity:
The term “Yield to Maturity” means the yield to maturity, calculated at the time of issuance of the Notes or, in the case of the Floating Rate Notes, at the most recent redetermination of interest of such series, in each case, calculated in accordance with accepted financial practice.
ARTICLE II
General Terms of the Notes
SECTION 2.01.Designation and Principal Amount.
(a) There is hereby authorized and established eight new series of Securities under the Base Indenture, designated as the “3.766% Notes due 2020”, “4.205% Notes due 2023”, “4.493% Notes due 2025”, “4.725% Notes due 2028”, “5.319% Notes due 2038”, “5.419% Notes due 2048”, “Floating Rate Notes due 2020” and “Floating Rate Notes due 2023”, which are not limited in aggregate principal amount.
(b) There are initially to be authenticated and delivered (i) $1,500,000,000 aggregate principal amount of the 2020 Notes, (ii) $2,500,000,000 aggregate principal amount of the 2023 Notes, (iii) $1,850,000,000 aggregate principal amount of the 2025 Notes, (iv) $2,250,000,000 aggregate principal amount of the 2028 Notes, (v) $1,650,000,000 aggregate principal amount of the 2038 Notes, (vi) $2,150,000,000 aggregate principal amount of the 2048 Notes, (vii) $500,000,000 aggregate principal amount of the 2020 Floating Rate Notes and (viii) $300,000,000 aggregate principal amount of the 2023 Floating Rate Notes.
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