DTE Energy 2013 Annual Report Download - page 160

The 2013 Series D Bonds shall mature on the 15th day of December, 2025 (subject to earlier redemption, as provided herein),
shall bear interest at the rate of 3.74% per annum, payable semi-annually on the 15th day of June and December of each year and at
maturity (each an “2013 Series D Interest Payment Date”), beginning on June 15, 2014. The principal, Make-Whole Amount (as
defined below), if any, and interest on the 2013 Series D Bonds shall be payable in lawful money of the United States of America; the
place where such principal and Make-Whole Amount, if any, shall be payable shall be the corporate trust office of the Trustee in the
Borough of Manhattan, the City of New York, New York, and the place where such interest shall be payable shall be the office or
agency of the Company in said Borough of Manhattan, the City of New York, New York. The 2013 Series D Bonds shall have such
other terms as set forth in the form of 2013 Series D Bond provided in Section 3.
SECTION 2
The 2013 Series D Bonds shall be subject to redemption at the option of the Company, in whole at any time or in part from time
to time (any such date of redemption, a “2013 Series D Redemption Date”), at the applicable redemption price (“2013 Series D
Redemption Price”) set forth below.
At any time prior to September 15, 2025, the 2013 Series D Redemption Price will be equal to 100% of the principal amount of
the 2013 Series D Bonds to be redeemed on the 2013 Series D Redemption Date together with the Make-Whole Amount (as defined in
the form of 2013 Series D Bond provided in Section 3), if any, plus, in each case, accrued and unpaid interest thereon to the 2013 Series
D Redemption Date.
At any time on or after September 15, 2025, the 2013 Series D Redemption Price will be equal to 100% of the principal amount
of the bonds of 2013 Series D to be redeemed plus accrued and unpaid interest thereon to the 2013 Series D Redemption date.
Notwithstanding the foregoing, installments of interest on the 2013 Series D Bonds that are due and payable on 2013 Series D
Interest Payment Dates falling on or prior to a 2013 Series D Redemption Date will be payable on the 2013 Series D Interest Payment
Date to the registered holders as of the close of business on the relevant record date.
Notice of redemption shall be given to the holders of the 2013 Series D Bonds to be redeemed not more than 60 nor less than
30 days prior to the 2013 Series D Redemption Date, as provided in Section 4.05 of the Indenture. Each such notice shall specify such
optional 2013 Series D Redemption Date, the aggregate principal amount of the 2013 Series D Bonds to be redeemed on such date, the
principal amount of each 2013 Series D Bond held by such holder to be redeemed, and the interest to be paid on the 2013 Series D
Redemption Date with respect to such principal amount being prepaid, and shall be accompanied by a certificate of a senior financial
officer of the Company as to the estimated Make-Whole Amount due in connection with such redemption (calculated as if the date of
such notice were the date of the redemption), setting forth the details of such computation. The Make-Whole Amount shall be
determined by the Company two Business Days prior to the applicable 2013
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