Common use of Optional Redemption for Changes in Withholding Taxes Clause in Contracts

Optional Redemption for Changes in Withholding Taxes. The Company may redeem the Notes, at its option, at any time in whole but not in part, upon not less than 30 nor more than 60 days’ notice (which notice will be irrevocable), at a Redemption Price equal to 100% of the outstanding principal amount of Notes, plus accrued and unpaid interest (if any) to, but not including, the applicable Redemption Date and all Additional Interest and Additional Amounts (if any) then due and which will become due on the applicable Redemption Date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date and Additional Interest and Additional Amounts (if any) in respect thereof), in the event that the Company determines in good faith that the Company has become or would become obligated to pay, on the next date on which any amount would be payable with respect to the Notes, Additional Amounts and such obligation cannot be avoided by taking reasonable measures available to the Company (including making payment through a paying agent located in another jurisdiction), as a result of:

Appears in 2 contracts

Samples: Ninth Supplemental Indenture (Seaspan CORP), Second Supplemental Indenture (Seaspan CORP)

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Optional Redemption for Changes in Withholding Taxes. The Company Issuers may redeem the Notes, at its their option, at any time in whole but not in part, upon not less than 30 nor more than 60 days' notice (which notice will be irrevocable)) by the Partnership, at a Redemption Price equal to 100% of the outstanding principal amount of the Notes, plus accrued and unpaid interest (if any) to, but not includingexcluding, the applicable Redemption Date and all Additional Interest and Additional Amounts (if any) then due and which will become due on the applicable Redemption Date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date and Additional Interest and Additional Amounts (if any) in respect thereof), in the event that the Company Partnership determines in good faith that the Company either Issuer has become or would become obligated to pay, on the next date on which any amount would be payable with respect to the Notes, Additional Amounts and such obligation cannot be avoided by taking reasonable measures available to the Company such Issuer (including making payment through a paying agent Paying Agent located in another jurisdiction), as a result of:

Appears in 2 contracts

Samples: First Supplemental Indenture (Dynagas LNG Partners LP), First Supplemental Indenture (Dynagas Finance Inc.)

Optional Redemption for Changes in Withholding Taxes. The provisions of Article XI of the Indenture, as supplemented by the provisions of this First Supplemental Indenture, shall apply to the Notes. The Company may redeem the Notesmay, at its option, at any time redeem the Notes, in whole but not in part, upon not less than 30 10 days’ nor more than 60 days’ notice to the Holders (which notice will shall be irrevocable), at a Redemption Price redemption price equal to 100% of the outstanding principal amount of Notesthereof, plus accrued and unpaid interest (if any) to, but not including, thereon to the applicable Redemption Date and all Additional Interest and Additional Amounts (if any) then due and which will become due on the applicable Redemption Date (subject to the right of Holders holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date and Additional Interest and Additional Amounts (if any) in respect thereofinterest payment date), then due and which will become due on the date of redemption as a result of the redemption or otherwise, if due to a Change in the event that Tax Law the Company determines in good faith that the Company has become has, or would become obligated to paywould, on the next date on which any amount would be payable with respect to the such Notes, become obligated to pay to the Holder or beneficial owner of any Notes any Additional Amounts; provided, however, that the Company determines, in its reasonable judgment, that the obligation to pay such Additional Amounts and such obligation cannot be avoided by taking the use of reasonable measures available to it; and provided further that at the time such notice is given, such obligation to pay Additional Amounts remains in effect. For the avoidance of doubt, reasonable measures do not include changing the jurisdiction of incorporation of the Company (including making payment through a paying agent located in another jurisdiction), as a result of:or any successor to the Company.

Appears in 1 contract

Samples: First Supplemental Indenture (Argo Blockchain PLC)

Optional Redemption for Changes in Withholding Taxes. The Company Issuers may redeem the Notes, at its their option, at any time in whole but not in part, upon not less than 30 nor more than 60 days’ notice (which notice will be irrevocable)) by the Partnership, at a Redemption Price equal to 100% of the outstanding principal amount of the Notes, plus accrued and unpaid interest (if any) to, but not includingexcluding, the applicable Redemption Date and all Additional Interest and Additional Amounts (if any) then due and which will become due on the applicable Redemption Date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date and Additional Interest and Additional Amounts (if any) in respect thereof), in the event that the Company Partnership determines in good faith that the Company either Issuer has become or would become obligated to pay, on the next date on which any amount would be payable with respect to the Notes, Additional Amounts and such obligation cannot be avoided by taking reasonable measures available to the Company such Issuer (including making payment through a paying agent Paying Agent located in another jurisdiction), as a result of:

Appears in 1 contract

Samples: First Supplemental Indenture (Dynagas Finance Inc.)

Optional Redemption for Changes in Withholding Taxes. (a) The Company may redeem the Notes, at its option, at any time in whole but not in part, upon not less than 30 nor more than 60 days’ prior written notice (which notice will be irrevocable)) by the Company, at a Redemption Price redemption price equal to 100% of the outstanding principal amount of Notes, plus accrued and unpaid interest (if any) to, but not including, the applicable Redemption Date redemption date and all Additional Interest and Additional Amounts (if any) then due and which will become due on the applicable Redemption Date redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date and Additional Interest interest payment date and Additional Amounts (if any) in respect thereof), in the event that the Company determines in good faith that the Company or the applicable Guarantor has become or would become obligated to pay, on the next date on which any amount would be payable with respect to the NotesNotes or Note Guarantees, Additional Amounts and such obligation cannot be avoided by taking reasonable measures available to the Company (including making payment through a paying agent located in another jurisdiction), as a result of:73 KE 79433857.6

Appears in 1 contract

Samples: Collateral Trust Agreement (Altera Infrastructure L.P.)

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Optional Redemption for Changes in Withholding Taxes. The provisions of Article 11 of the Indenture, as supplemented by the provisions of this First Supplemental Indenture, shall apply to the Notes. The Company may redeem the Notesmay, at its option, at any time redeem the Notes, in whole but not in part, upon not less than 30 10 days’ nor more than 60 days’ notice to the Holders (which notice will shall be irrevocable), at a Redemption Price redemption price equal to 100% of the outstanding principal amount of Notesthereof, plus accrued and unpaid interest (if any) to, but not including, thereon to the applicable Redemption Date and all Additional Interest and Additional Amounts (if any) then due and which will become due on the applicable Redemption Date redemption date (subject to the right of Holders holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date and Additional Interest and Additional Amounts (if any) in respect thereofinterest payment date), then due and which will become due on the date of redemption as a result of the redemption or otherwise, if due to a Change in the event that Tax Law the Company determines in good faith that the Company has become has, or would become obligated to paywould, on the next date on which any amount would be payable with respect to the such Notes, become obligated to pay to the Holder or beneficial owner of any Notes any Additional Amounts; provided, however, that the Company determines, in its reasonable judgment, that the obligation to pay such Additional Amounts and such obligation cannot be avoided by taking the use of reasonable measures available to it; and provided further that at the time such notice is given, such obligation to pay Additional Amounts remains in effect. For the avoidance of doubt, reasonable measures do not include changing the jurisdiction of incorporation of the Company (including making payment through a paying agent located in another jurisdiction), as a result of:or any successor to the Company.

Appears in 1 contract

Samples: First Supplemental Indenture (Argo Blockchain PLC)

Optional Redemption for Changes in Withholding Taxes. (a) The Company may redeem the Notes, at its option, at any time in whole but not in part, upon not less than 30 nor more than 60 days’ prior written notice (which notice will be irrevocable)) by the Company, at a Redemption Price redemption price equal to 100% of the outstanding principal amount of Notes, plus accrued and unpaid interest (if any) to, but not including, the applicable Redemption Date redemption date and all Additional Interest and Additional Amounts (if any) then due and which will become due on the applicable Redemption Date redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date and Additional Interest interest payment date and Additional Amounts (if any) in respect thereof), in the event that the Company determines in good faith that the Company or the applicable Guarantor has become or would become obligated to pay, on the next date on which any amount would be payable with respect to the NotesNotes or Note Guarantees, Additional Amounts and such obligation cannot be avoided by taking reasonable measures available to the Company or such Guarantor (including making payment through a paying agent located in another jurisdiction), as a result of:

Appears in 1 contract

Samples: Indenture (Altera Infrastructure L.P.)

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