Optional Redemption Upon Tax Event Sample Clauses
Optional Redemption Upon Tax Event. The Issuer may redeem the Notes, in whole but not in part, at 100.0% of their outstanding principal amount plus accrued and unpaid interest to, but excluding, the applicable redemption date and any Additional Amounts payable with respect thereto, only if:
(1) on the next interest payment date the Issuer or applicable Guarantor would be obligated to pay Additional Amounts in respect of interest on the Notes or Note Guarantee in excess of the Additional Amounts that it would pay if interest payments in respect of the Notes or Note Guarantee were subject to deduction or withholding at a rate of 4.99% generally (determined without regard to any interest, fees, penalties or other additions to tax), as a result of any change in, or amendment to, the laws or regulations of any Taxing Jurisdiction, or any change in, or a pronouncement by competent authorities of the relevant Taxing Jurisdiction with respect to, the official application or official interpretation of such laws or regulations, which change, amendment or pronouncement occurs after the Issue Date (or, in the case of any withholding taxes imposed by a jurisdiction that becomes a Taxing Jurisdiction after the Issue Date, after the date such jurisdiction becomes a Taxing Jurisdiction); and
(2) such obligation cannot be avoided by the Issuer or applicable Guarantor taking reasonable measures available to it; provided that for this purpose reasonable measures shall not include any change in the Issuer’s jurisdiction of organization or location of its principal executive office. For the avoidance of doubt, reasonable measures may include a change in the jurisdiction of a Paying Agent; provided that such change shall not require the Issuer to incur material additional costs or legal or regulatory burdens. No notice of redemption pursuant to this Section 3.4 will be given earlier than sixty (60) days prior to the earliest date on which the Issuer or applicable Guarantor would be obligated to pay such Additional Amounts if a payment in respect of the Notes or Note Guarantee were then due. Prior to the giving of any notice of redemption of the Notes pursuant to this Section 3.4, the Issuer shall deliver to the Trustee an Officer’s Certificate confirming that it is entitled to exercise such right of redemption. The Issuer will also deliver to the Trustee an Opinion of Counsel external to the Issuer, stating that it (or an applicable Guarantor) would be obligated to pay such Additional Amounts due to the changes i...
Optional Redemption Upon Tax Event. Subject to the conditions set forth in the Indenture, the Securities are subject to redemption in whole, but not in part, if a Tax Event shall occur and be continuing, at any time within 90 days following the occurrence of such Tax Event, at a Redemption Price equal to $50 per $50 principal amount thereof, plus accrued but unpaid interest, including Additional Payments, if any, to the Redemption Date. In lieu of the foregoing, the Company shall also have the option of causing the Securities to remain outstanding and pay Additional Sums on the Securities.
Optional Redemption Upon Tax Event. The Notes are redeemable at the option of the Company in whole but not in part, upon the occurrence of a tax event, the occurrence of which is confirmed by the opinion of nationally recognized independent tax counsel, within 90 calendar days of such tax event upon not less than 30 calendar days and not more than 60 calendar days prior written notice at a price of 100% of the principal amount to be redeemed, plus unpaid interest accrued to the redemption date. Sinking fund requirements: The debentures will not have the benefit of, or be subject to, any sinking fund. Listing requirements: Application will be made to list the debentures on the New York Stock Exchange.
Optional Redemption Upon Tax Event. The Issuer may redeem the Notes, in whole but not in part, at 100.0% of their outstanding principal amount plus accrued and unpaid interest to, but excluding, the applicable redemption date and any Additional Amounts payable with respect thereto, only if:
Optional Redemption Upon Tax Event. The Securities are subject to redemption in whole, but not in part, at any time within 90 days, if a Tax Event (as defined in the Declaration) shall occur and be continuing, at a redemption price equal to $50 per $50 principal amount thereof plus accrued but unpaid interest, including Additional Interest, if any, to the Redemption Date. Any redemption pursuant to this Section 8 will be made upon not less than 30 nor more than 60 days' notice.
Optional Redemption Upon Tax Event. The Securities are subject to redemption in whole (but not in part), at any time within 90 days thereafter, if a Tax Event (as defined in the Declaration) shall occur and be continuing, at the applicable redemption price set forth above (or, for the period commencing on the date of issuance of the Securities through October 4, 1997 and the twelve month periods commencing October 5, 1997 and October 5, 1998, the product of 106.750%, 106.075% and 105.400%, respectively, times $50), in each case plus accrued but unpaid interest, including Additional Interest, Compounded Interest and Liquidated Damages, if any, to the Redemption Date. Any redemption pursuant to this Section 8 will be made upon not less than 30 nor more than 60 days' notice.
Optional Redemption Upon Tax Event. The Debentures are subject to redemption, at the election of the Company, in whole (but not in part) for cash at a Redemption Principal equal to 100% of the principal amount of the Debentures, at any time within 90 days following the occurrence and continuation of a Redemption Tax Event (as defined in the Declaration). Any redemption pursuant to this Section 8 will be made upon not less than 30 nor more than 60 days' notice.
Optional Redemption Upon Tax Event. The Securities are subject to redemption in whole (but not in part), if a Tax Event (as defined in the Declaration) shall occur and be continuing, for cash upon the later of (i) the occurrence of such Tax Event or (ii) February 20, 2001, at a redemption price equal to the principal amount at Stated Maturity of such Securities plus any accrued and unpaid interest (including any Additional Interest, Extension Period Interest and Compounded Interest) to the Redemption Date. Any redemption pursuant to this Section 8 will be made upon not less than 30 nor more than 60 days' notice.
Optional Redemption Upon Tax Event. The Securities are subject to redemption in whole, but not in part, at any time within 90 days, if a Tax Event (as defined in the Declaration) shall occur and be continuing, at a redemption price equal to $50 per $50 principal amount thereof plus accrued but unpaid interest, including Additional Payments, if any, to the Redemption Date; provided, however, that if, at the time there is available to the Company or the Trust the opportunity to eliminate, within such 90-day period, the Tax Event by taking some ministerial action, including but not limited to filing a form or making an election, or pursuing some other similar reasonable measure, which, in the sole judgment of the Company, has or will cause no adverse effect on the Company, the Trust or the Holders of the Trust Securities issued by the Trust or involves or will involve no material cost, then the Company or the Trust shall pursue such measure in lieu of redemption. Any redemption pursuant to this Section 8 will be made upon not less than 30 nor more than 60 days' notice.
Optional Redemption Upon Tax Event. The Securities are subject to ---------------------------------- redemption in whole or in part for cash, if a Tax Event (as defined in Annex I to the Declaration) shall occur and be continuing and certain other conditions specified in the Indenture are met, at a redemption price equal to the Tax Event Redemption Price (which Tax Event Redemption Price does not include the Make-Whole Premium). Any redemption pursuant to this Section 8 will be made upon not less than 30 nor more than 60 days' notice.