Early Redemption for Taxation Reasons. If, in relation to any Series of Covered Bonds (i) as a result of any amendment to, clarification of, or change including any announced proposed change in the laws or regulations, or the application or interpretation thereof of Canada or the United Kingdom or any political subdivision thereof or any authority or agency therein or thereof having power to tax or, in the case of Covered Bonds issued by a branch of the Issuer outside Canada, of the country in which such branch is located or of any political subdivision thereof or any authority or agency therein or thereof having power to tax or in the interpretation or administration of any such laws or regulations which becomes effective on or after the Issue Date of such Covered Bonds or any other date specified in the Final Terms, (ii) any judicial decision, administrative pronouncement, published or private ruling, regulatory procedure, rule, notice, announcement, assessment or reassessment (including any notice or announcement of intent to adopt or issue such decision, pronouncement, ruling, procedure, rule, notice, announcement, assessment or reassessment) (collectively, an “administrative action”); or (iii) any amendment to, clarification of, or change in, the official position with respect to or the interpretation of any administrative action or any interpretation or pronouncement that provides for a position with respect to such administrative action that differs from the theretofore generally accepted position, in each of case (i), (ii) or (iii), by any legislative body, court, governmental authority or agency, regulatory body or taxing authority, irrespective of the manner in which such amendment, clarification, change, administrative action, interpretation or pronouncement is made known, which amendment, clarification, change or administrative action is effective or which interpretation, pronouncement or administrative action is announced on or after the date of issue of the Covered Bonds, there is more than an insubstantial risk (assuming any proposed or announced amendment, clarification, change, interpretation, pronouncement or administrative action is effective and applicable) the Issuer would be required to pay additional amounts as provided in Condition 8, and such circumstances are evidenced by the delivery by the Issuer to the Issuing and Paying Agent and Bond Trustee of (x) a certificate signed by two senior officers of the Issuer stating that the said circumstances prevail and describing ...
Early Redemption for Taxation Reasons. (a) Subject to any required approval by the Central Bank, the Notes may be redeemed at the election of Unibanco, as a whole, but not in part, in accordance with this Section 4.2 (the “Early Tax Redemption”) at any time upon the giving of notice as provided in Section 4.4, if (i) Unibanco or the Branch would otherwise become obligated to pay Additional Amounts based on a rate in excess of (x) 15% in the case of any taxes imposed by Brazil (including as a result of actions taken (or failed to be taken) by Unibanco that results in the Branch being disregarded for any reason), (y) 0% in the case of any taxes imposed by the Cayman Islands, or (z) the applicable tax rate in effect with respect to any other Taxing Jurisdiction in which a paying agent is located on the date Unibanco appoints such paying agent, in each case of the gross amount payable with respect to the Notes as a result of any generally applicable change in or amendment to the laws or regulations of a Taxing Jurisdiction, or any generally applicable change in the application or official interpretation of such laws or regulations (including a determination by a court of competent jurisdiction), in each case, which change or amendment becomes effective after the date of the original issuance of any of the Notes (or in the case of clause (z), after the date Unibanco appoints a paying agent in such jurisdiction) and (ii) Unibanco or the Branch, as the case may be, cannot avoid its obligations to pay such Additional Amounts by taking reasonable measures available to Unibanco or the Branch, as the case may be; provided, however, any such notice of redemption shall be given within 90 calendar days of the earliest date on which Unibanco would be obligated to pay such Additional Amounts if a payment in respect of the Notes were then due. Prior to the giving of any notice of redemption described in this Section 4.2, Unibanco will deliver to the trustee a Officers’ Certificate stating that (i) Unibanco is entitled to redeem the Notes in accordance with the terms of this Indenture and stating the facts relating to such redemption, (ii) Unibanco has become obligated to pay such Additional Amounts as a result of a change or amendment described above, and (iii) Unibanco reasonably believes that it cannot avoid payment of such Additional Amounts by taking reasonable measures available to Unibanco and that all governmental approvals necessary for Unibanco to effect such redemption have been obtained and are in fu...
Early Redemption for Taxation Reasons. If, in relation to any Series of Covered Bonds (i) as a result of any amendment to, clarification of, or change including any announced proposed change in the laws or regulations, or the application or interpretation thereof of Canada or the United Kingdom or any political subdivision thereof or any authority or agency therein or thereof having power to tax or, in the case of Covered Bonds issued by a branch of the Issuer outside Canada, of the country in which such branch is located or of any political subdivision thereof or any authority or agency therein or thereof having power to tax or in the interpretation or administration of any such laws or regulations which becomes effective on or after the Issue Date of such Covered Bonds or any other date specified in the Final Terms,
Early Redemption for Taxation Reasons. If as a result of any change in, or amendment to, the laws or regulations of Spain or of any political subdivision thereof or any authority or agency therein or thereof having power to tax or in the interpretation or administration of any such laws or regulations which becomes effective on or after the date of issue of the Senior Non Preferred Notes, Banco Santander shall determine that (a) Banco Santander would be required to pay Additional Amounts as described in the base prospectus or (b) Banco Santander would not be entitled to claim a deduction in computing tax liabilities in Spain in respect of any interest to be paid on the next Interest Payment Date on any Senior Non Preferred Notes or the value of such deduction to Banco Santander would be materially reduced or (c) the applicable tax treatment of any Senior Non Preferred Notes changes in a material way that was not reasonably foreseeable at the issue date. Substitution and Variation: Applicable as specified in the prospectus supplement Business Days: New York City, London and TARGET 2 Reset Determination Date: The second business day immediately preceding the Reset Date Reset Date: March 24, 2027 Reset Fixed Rate Period Day Count Fraction: 30/360 (following, unadjusted) Minimum Denominations / Multiples: Minimum denominations of U.S.$200,000 and multiples of U.S.$200,000 in excess thereof Listing: New York Stock Exchange Trustee and Principal Paying Agent and Calculation Agent: The Bank of New York Mellon, London Branch Governing Law: New York law, except that certain provisions of the Senior Non Preferred Notes and the relevant Indenture related to the status of the Senior Non Preferred Notes shall be governed and construed in accordance with Spanish Law. Agreement to and acknowledgement of Statutory Bail-In: By its acquisition of any Senior Non Preferred Notes, each holder (including each holder of beneficial interest in the Senior Non Preferred Notes) acknowledges, accepts, consents and agrees to be bound by the terms of the Senior Non Preferred Notes related to the exercise of the Spanish Bail-In Power. Risk Factors: Investors should read the Risk Factors in the preliminary prospectus supplement dated March 17, 2022. U.S. Federal Income Tax Considerations: For a discussion of the material U.S. federal income tax considerations for the ownership and disposition of the Senior Non Preferred Notes by U.S. investors, see “Taxation—U.S. Federal Income Tax Considerations” in the base prospectus and i...
Early Redemption for Taxation Reasons. If, in relation to any Series of Covered Bonds (i) as a result of any amendment to, clarification of, or change including any announced proposed change in the laws or regulations, or the application or interpretation thereof of Canada or any political subdivision thereof or any authority or agency therein or thereof having power to tax or in the interpretation or administration of any such laws or regulations which becomes effective on or after the Issue Date of such Covered Bonds or any other date specified in the Final Terms; (ii) any judicial decision, administrative pronouncement, published or private ruling, regulatory procedure, rule, notice, announcement, assessment or reassessment (including any notice or announcement of intent to adopt or issue such decision, pronouncement, ruling, procedure, rule, notice, announcement, assessment or reassessment) (collectively, an “administrative action”); or (iii) any amendment to, clarification of, or change in, the official position with respect to or the interpretation of any administrative action or any interpretation or pronouncement that provides for a position with respect to such administrative action that differs from the theretofore generally accepted position, in each of case (i),
Early Redemption for Taxation Reasons. If, in relation to any Series of Covered Bonds (i) as a result of any amendment to, clarification of, or change including any announced proposed change in the laws or regulations, or the application or interpretation thereof of Canada or the United Kingdom or any political subdivision thereof or any authority or agency therein or thereof having power to tax or, in the case of Covered Bonds issued by a branch of the Issuer outside Canada, of the country in which such branch is located or of any political subdivision thereof or any authority or agency therein or thereof having power to tax or in the interpretation or administration of any such laws or regulations which becomes effective on or after the Issue Date of such Covered Bonds or any other date specified in the Final Terms, (ii) any judicial decision, administrative pronouncement, published or private ruling, regulatory procedure, rule, notice, announcement, assessment or reassessment (including any notice or announcement of intent to adopt or issue such decision, pronouncement, ruling, procedure, rule, notice, announcement, assessment or reassessment) (collectively, an “administrative action”);
Early Redemption for Taxation Reasons. Each Paying Agent shall make available for inspection during normal business hours at its specified office such documents as may be specified as so available at the specified office of such agent in the Base Prospectus or, in relation to any Notes, the Conditions or the relevant Final Terms or, in the case of a Tranche of Notes which is the subject of a Drawdown Prospectus, the relevant Drawdown Prospectus, in respect of such Notes, or as may be required by any listing authority, stock exchange and/or quotation system on which the Notes may be listed, traded and or quoted and, without prejudice to the generality of the foregoing, the Principal Paying Agent and the Paying Agent with its specified office in Luxembourg shall make available for inspection during normal business hours at its specified office copies of the Base Prospectus and all other documents listed in paragraph 9 of the General Information section of the Base Prospectus.
Early Redemption for Taxation Reasons. If, in relation to any Series of Instruments as a result of any change in the laws, regulations or rulings of:
Early Redemption for Taxation Reasons. If, in relation to any Series of Notes:
Early Redemption for Taxation Reasons. The Notes may, and in certain circumstances shall, be redeemed prior to the Maturity Date in the event that certain French taxes are imposed, in accordance with Article 8 (Taxation).
