Redemption for Taxation Reasons. (a) The Issuer may, at its option, redeem any series of the Notes in whole if at any time it becomes obligated to pay additional amounts on any Notes on the next interest payment date with respect to such series of Notes, but only if its obligation results from a change in, or an amendment to, the laws or treaties (including any regulations or rulings promulgated thereunder) of a Relevant Tax Jurisdiction (or a political subdivision or taxing authority thereof or therein), or from a change in any official position regarding the interpretation, administration or application of those laws, treaties, regulations or rulings (including a change resulting from a holding, judgment or order by a court of competent jurisdiction), that becomes effective or is announced after the Issue Date and provided the Issuer cannot avoid the obligation after taking reasonable measures to do so. If the Issuer redeems the Notes in these circumstances, it shall do so at a redemption price equal to 100% of the principal amount of the Notes redeemed, plus accrued and unpaid interest, if any, and any other amounts due to the redemption date.
Appears in 3 contracts
Samples: Supplemental Indenture (Intelsat LTD), Indenture (Intelsat LTD), Covenants (Intelsat LTD)
Redemption for Taxation Reasons. (a) The Issuer may, at its option, redeem any series of the Notes in whole if at any time it becomes obligated to pay additional amounts on any Notes on the next interest payment date with respect to such series of Notes, but only if its obligation results from a change in, or an amendment to, the laws or treaties (including any regulations or rulings promulgated thereunder) of a Relevant Tax Jurisdiction (or a political subdivision or taxing authority thereof or therein), or from a change in any official position regarding the interpretation, administration or application of those laws, treaties, regulations or rulings (including a change resulting from a holding, judgment or order by a court of competent jurisdiction), that becomes effective or is announced after the Issue Date and provided the Issuer cannot avoid the obligation after taking reasonable measures to do so. If the Issuer redeems the Notes in these circumstances, it shall do so at a redemption price equal to 100% of the principal amount of the Notes redeemed, plus accrued and unpaid interest and additional interest, if any, and any other amounts due to the redemption date.
Appears in 3 contracts
Samples: Indenture (Intelsat LTD), Supplemental Indenture (Intelsat LTD), Supplemental Indenture (Intelsat LTD)
Redemption for Taxation Reasons. (a) The Issuer may, at its option, redeem any series of the Notes in whole if at any time it becomes obligated to pay additional amounts on any the Notes on the next interest payment date with respect to such series of Notes, but only if its obligation results from a change in, or an amendment to, the laws or treaties (including any regulations or rulings promulgated thereunder) of a Relevant Tax Jurisdiction (or a political subdivision or taxing authority thereof or therein), or from a change in any official position regarding the interpretation, administration or application of those laws, treaties, regulations or rulings (including a change resulting from a holding, judgment or order by a court of competent jurisdiction), that becomes effective or is announced after the Issue Date and provided the Issuer cannot avoid the obligation after taking reasonable measures to do so. If the Issuer redeems the Notes in these circumstances, it shall do so at a redemption price equal to 100% of the principal amount of the Notes redeemed, plus accrued and unpaid interest, if any, and any other amounts due to the redemption date.
Appears in 1 contract
Samples: Indenture (Intelsat LTD)
Redemption for Taxation Reasons. (a) The Issuer may, at its option, redeem any series of the Notes in whole if at any time it becomes obligated to pay additional amounts on any Notes on the next interest payment date with respect to such series of Notes, but only if its obligation results from a change in, or an amendment to, the laws or treaties (including any regulations or rulings promulgated thereunder) of a Relevant Tax Jurisdiction (or a political subdivision or taxing authority thereof or therein), or from a change in any official position regarding the interpretation, administration or application of those laws, treaties, regulations or rulings (including a change resulting from a holding, judgment or order by a court of competent jurisdiction), that becomes effective or is announced after the Issue Date and provided the Issuer cannot avoid the obligation after taking reasonable measures to do so. If the Issuer redeems the Notes in these circumstances, it shall do so at a redemption price equal to 100% of the principal amount of the Notes redeemed, plus accrued and unpaid interest, if any, and any other amounts due to the redemption date.
Appears in 1 contract
Samples: Indenture (Intelsat LTD)
Redemption for Taxation Reasons. (a) The Issuer may, at its option, redeem any series of the Notes in whole if at any time it becomes obligated to pay additional amounts on any Notes on the next interest payment date with respect to such series of Notes, but only if its obligation results from a change in, or an amendment to, the laws or treaties (including any regulations or rulings promulgated thereunder) of a Relevant Tax Jurisdiction (or a political subdivision or taxing authority thereof or therein), or from a change in any official position regarding the interpretation, administration or application of those laws, treaties, regulations or rulings (including a change resulting from a holding, judgment or order by a court of competent jurisdiction), that becomes effective or is announced after the Issue Date and provided the Issuer cannot avoid the obligation after taking reasonable measures to do so. If the Issuer redeems the Notes in these circumstances, it shall do so at a redemption price equal to 100% of the principal amount of the Notes redeemed, plus accrued and unpaid interest and additional interest, if any, and any other amounts due to the redemption date.
Appears in 1 contract
Samples: Indenture (Intelsat LTD)