DTE Energy 2013 Annual Report Download - page 167

payment will be reduced by the amount of interest accrued to such Settlement Date and required to be paid on such Settlement Date.
“Settlement Date” means, with respect to the Called Principal of a Bond, the Redemption Date on which such Called Principal
is to be redeemed or has become or is declared to be immediately due and payable pursuant to Section 9.01 of the Indenture as the
context requires.
Notice of redemption shall be given to the holders of the Bonds to be redeemed not more than 60 nor less than 30 days prior to
the Redemption Date, as provided in Section 4.05 of the Indenture. Each such notice shall specify such Redemption Date, the aggregate
principal amount of the Bonds to be redeemed on such date, the principal amount of each Bond held by such holder to be redeemed, and
the interest to be paid on the 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 Redemption Date and the
Company shall deliver to holders of the Bonds and to the Trustee a certificate of a senior financial officer specifying the calculation of
such Make-Whole Amount as of the Redemption Date.
Subject to the limitations of Section 4.07 of the Indenture, the notice of redemption may state that it is subject to the receipt of
the redemption moneys by the Trustee on or before the Redemption Date, and that such notice shall be of no effect unless such moneys
are so received on or before such date; a notice of redemption so conditioned shall be of no force or effect if such money is not so
received and, in such event, the Company shall not be required to redeem this Bond.
If the Bonds are only partially redeemed by the Company, the Trustee shall select which Bonds are to be redeemed pro rata
among all of the Bonds at the time outstanding in proportion, as nearly as practicable, to the respective unpaid principal amounts thereof
and otherwise in accordance with the terms of the Indenture. In the event of redemption of the Bonds in part only, a new Bond or Bonds
for the unredeemed portion will be issued in the name or names of the holders thereof upon the surrender or cancellation thereof.
If money sufficient to pay the applicable Redemption Price with respect to the Bonds to be redeemed on the applicable
Redemption Date, together with accrued interest to the Redemption Date, is deposited with the Trustee on or before the related
Redemption Date and certain other conditions are satisfied, then the Bonds to be redeemed shall no longer be secured by, or entitled to
any lien or benefit of, the Indenture as provided by Section 4.04 of the Indenture.
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