Redemption for Taxation Reasons. (a) The Issuer will be entitled, at its option, to redeem 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 the Notes, but only if its obligation results from a change in, or an amendment to, the laws (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, regulations or rulings (including a change resulting from a holding, judgment or order by a court of competent jurisdiction), that is announced and becomes effective after the Issue Date (or, if the Relevant Tax Jurisdiction became a Relevant Tax Jurisdiction on a later date, after such later 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 will 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: Indenture (Dana Inc), Dana Inc, Indenture (Dana Inc)
Redemption for Taxation Reasons. (a) The Issuer will be entitledmay, at its option, to redeem the Notes in whole if at any time it becomes obligated to pay Additional Amounts additional amounts on any Notes on the next Interest Payment Date interest payment date with respect to the such 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 and becomes effective after the Issue Date (or, if the Relevant Tax Jurisdiction became a Relevant Tax Jurisdiction on a later date, after such later 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 will shall do so at a Redemption Price 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 Dateredemption date.
Appears in 3 contracts
Samples: Indenture (Intelsat S.A.), Intelsat (Intelsat S.A.), Supplemental Indenture (Intelsat S.A.)
Redemption for Taxation Reasons. (a) The Issuer will be entitledmay, at its option, to redeem the Notes in whole if at any time it becomes obligated to pay Additional Amounts additional amounts on any Notes on the next Interest Payment Date interest payment date with respect to the such 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 and becomes effective after the Issue Date (or, if the Relevant Tax Jurisdiction became a Relevant Tax Jurisdiction on a later date, after such later 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 will shall do so at a Redemption Price redemption price equal to 100% of the principal amount of the Notes redeemed, plus accrued and unpaid interest, if any, interest and any other amounts due to but excluding the Redemption Dateredemption date.
Appears in 2 contracts
Samples: Indenture (Intelsat S.A.), Indenture (Intelsat S.A.)
Redemption for Taxation Reasons. (a) The Issuer will be entitledmay, at its option, to redeem any series of the Notes in whole if at any time it becomes obligated to pay Additional Amounts additional amounts on any Notes on the next Interest Payment Date interest payment date with respect to the 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 and becomes effective after the Issue Date (or, if the Relevant Tax Jurisdiction became a Relevant Tax Jurisdiction on a later date, after such later 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 will shall do so at a Redemption Price 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 Dateredemption date.
Appears in 2 contracts
Samples: Supplemental Indenture (Intelsat S.A.), Intelsat (Intelsat S.A.)
Redemption for Taxation Reasons. (a) The Issuer will be entitled, at its option, to redeem 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 the Notes, but only if its obligation results from a change in, or an amendment to, the laws (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, regulations or rulings (including a change resulting from a holding, judgment or order by a court of competent jurisdiction), that is announced and becomes effective after the Issue Date (or, if the Relevant Tax Jurisdiction became a Relevant Tax Taxing Jurisdiction on a later date, after such later 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 will 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: Dana Holding Corp
Redemption for Taxation Reasons. (a) The Issuer will be entitledmay, at its option, to redeem the Notes in whole if at any time it becomes obligated to pay Additional Amounts additional amounts on any Notes on the next Interest Payment Date interest payment date with respect to the such 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 jurisdictionjurisdiction or administrative body), that becomes effective or is announced and becomes effective after the Issue Date (or, if the Relevant Tax Jurisdiction became a Relevant Tax Jurisdiction on a later date, after such later 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 will shall do so at a Redemption Price 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 but excluding the Redemption Dateredemption date.
Appears in 1 contract
Samples: Indenture (Intelsat S.A.)