(b) The aggregate principal amount of 2027 Notes that initially may be authenticated and delivered under this Supplemental Indenture (the “Initial 2027 Notes”) shall be limited to $1,250,000,000, the aggregate principal amount of 2029 Notes that initially may be authenticated and delivered under this Supplemental Indenture (the “Initial 2029 Notes”) shall be limited to $850,000,000, the aggregate principal amount of 2032 Notes that initially may be authenticated and delivered under this Supplemental Indenture (the “Initial 2032 Notes”) shall be limited to $1,250,000,000, the aggregate principal amount of 2052 Notes that initially may be authenticated and delivered under this Supplemental Indenture (the “Initial 2052 Notes”) shall be limited to $1,750,000,000 and the aggregate principal amount of 2062 Notes that initially may be authenticated and delivered under this Supplemental Indenture (the “Initial 2062 Notes” and together with the Initial 2027 Notes, the Initial 2029 Notes, the Initial 2032 Notes and the Initial 2052 Notes, the “Initial Notes”) shall be limited to $900,000,000, subject, in each case, to increase as set forth in Section 3.04.
(c) The Stated Maturity of the 2027 Notes shall be August 5, 2027, the Stated Maturity of the 2029 Notes shall be August 5, 2029, the Stated Maturity of the 2032 Notes shall be August 5, 2032, the Stated Maturity of the 2052 Notes shall be August 5, 2052 and Stated Maturity of the 2062 Notes shall be August 5, 2062. The Notes shall be payable and may be presented for payment, purchase, redemption, registration of transfer and exchange, without service charge, at the office of the Company maintained for such purpose in Minneapolis, Minnesota, which shall initially be the office or agency of the Trustee.
(d) The 2027 Notes shall bear interest at the rate of 3.750% per annum, the 2029 Notes shall bear interest at the rate of 4.000% per annum, the 2032 Notes shall bear interest at the rate of 4.150% per annum, the 2052 Notes shall bear interest at the rate of 4.900% per annum and the 2062 Notes shall bear interest at the rate of 5.050% per annum, in each case beginning on August 5, 2022 or from the most recent date to which interest has been paid or duly provided for, as further provided in the forms of Note annexed hereto as Exhibit A-1, Exhibit A-2, Exhibit A-3, Exhibit A-4 and Exhibit A-5, respectively. Interest shall be computed on the basis of a 360-day year composed of twelve 30-day months. The Interest Payment Dates for the Notes shall be February 5 and August 5 of each year, beginning on February 5, 2023, and the Regular Record Date for any interest payable on each such Interest Payment Date shall be the immediately preceding January 22 and July 22, respectively. If any Interest Payment Date, Stated Maturity or other payment date with respect to the Notes is not a Business Day, the required payment of principal, premium, if any, or interest will be due on the next succeeding Business Day as if made on the date that such payment was due, and no interest will accrue on that payment for the period from and after that Interest Payment Date, Stated Maturity or other payment date, as the case may be, to the date of that payment on the next succeeding Business Day.
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