Common use of Tax Event or Investment Company Event Redemption Clause in Contracts

Tax Event or Investment Company Event Redemption. If a Tax Event or Investment Company Event (either a "Special Event") shall occur and be continuing, the Company may redeem the Junior Subordinated Debentures at any time within 90 days after the occurrence of that Special Event, in whole but not in part, at a redemption price (the "Special Event Redemption Price") equal to 100% of the principal amount of the Junior Subordinated Debentures plus accrued and unpaid interest thereon to but excluding the redemption date. The Special Event Redemption Price shall be paid prior to 2:00 p.m., New York City time, on the date of such redemption, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Special Event Redemption Price by 11:00 a.m., New York City time, on the date such Special Event Redemption Price is to be paid.

Appears in 2 contracts

Samples: Third Supplemental Indenture (Dominion Resources Inc /Va/), First Supplemental Indenture (Consolidated Natural Gas Co/Va)

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Tax Event or Investment Company Event Redemption. If a Tax Event or Investment Company Event (either either, a "Special Event") shall occur and be continuing, the Company may redeem the Junior Subordinated Debentures at any time within 90 days after the occurrence of that Special Event, in whole but not in part, at a redemption price (the "Special Event Redemption Price") equal to 100% of the principal amount of the Junior Subordinated Debentures Special Event Make-Whole Amount plus accrued and unpaid interest thereon to but excluding the redemption date. The Special Event Redemption Price shall be paid prior to 2:00 p.m., New York City time, on the date of such redemption, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Special Event Redemption Price by 11:00 a.m., New York City time, on the date such Special Event Redemption Price is to be paid.

Appears in 2 contracts

Samples: First Supplemental Indenture (DPL Inc), First Supplemental Indenture (DPL Inc)

Tax Event or Investment Company Event Redemption. If a Tax Event or Investment Company Event (either a "Special Event") shall occur and be continuing, the Company may redeem the Junior Subordinated Debentures at any time within 90 days after the occurrence of that Special Event, in whole but not in part, at a redemption price (the "Special Event Redemption Price") equal to 100% of the principal amount of the Junior Subordinated Debentures Special Event Make-Whole Amount plus accrued and unpaid interest thereon to but excluding the redemption date. The Special Event Redemption Price shall be paid prior to 2:00 p.m., New York City time, on the date of such redemption, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Special Event Redemption Price by 11:00 a.m., New York City time, on the date such Special Event Redemption Price is to be paid.

Appears in 1 contract

Samples: Second Supplemental Indenture (Dominion Resources Inc /Va/)

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Tax Event or Investment Company Event Redemption. If a Tax Event or Investment Company Event (either either, a "Special Event") shall occur and be continuing, the Company may may, at its option, redeem the Junior Subordinated Debentures at any time within 90 days after the occurrence of that Special Event, Notes in whole (but not in part, ) within 90 days of the occurrence of such Special Event at a redemption price (the "Special Event Redemption Price") equal to 100% of the principal amount of the Junior Subordinated Debentures Notes plus accrued and unpaid interest thereon to but excluding the redemption date. The Special Event Redemption Price shall be paid prior to 2:00 p.m., New York City time, on the date of such redemption, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Special Event Redemption Price by 11:00 a.m., New York City time, on the date such Special Event Redemption Price is to be paid.

Appears in 1 contract

Samples: Second Supplemental Indenture (Virginia Electric & Power Co)

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