Tax Prepayment. The Loans are subject to prepayment in connection with a Tax Redemption as set forth in Section 9.3 of the Indenture.
Tax Prepayment. MSXI Limited Notes may be prepaid, at the option of MSXI Limited, as a whole, but not in part (limited to MSXI Limited Notes with respect to which an Additional Tax Amount (as described below) is or may be required), at any time, upon giving notice to the Lender not less than 30 days nor more than 60 days prior to the date fixed for repayment (which notice shall be irrevocable), at a repayment price equal to the principal amount thereof, together with interest accrued to the date fixed for repayment and any Additional Tax Amounts payable with respect thereto, if MSXI Limited determines and certifies to the Lender immediately prior to the giving of such notice that (i) they have or will become obligated to pay Additional Tax Amounts in respect of such MSXI Limited Notes as a result of any change in or amendment to the laws (or any regulations or rulings promulgated thereunder) of the United Kingdom or any relevant jurisdiction or any political subdivision or taxing authority thereof or therein affecting taxation, or any change in the official position regarding the application or interpretation of such laws, regulations or rulings (including a holding by a court of competent jurisdiction) which change or, amendment becomes effective on or after the date of issuance of such MSXI Limited. Notes and (ii) such obligation cannot be avoided by MSXI Limited taking reasonable measures available to it, provided, that no such notice of repayment shall be given earlier than 60 days prior to the earliest date on which MSXI Limited would be obligated to pay such Additional Tax Amounts if a payment in respect of such MSXI Limited Notes was then due. Prior to the giving of any notice of repayment described in this paragraph, MSXI Limited shall deliver to the Lender (a) a certificate signed by two directors of MSXI Limited stating that the obligation to pay Additional Tax Amounts cannot be avoided by MSXI Limited taking reasonable measures available to them and (b) a written opinion of independent legal counsel to MSXI Limited to the effect that MSXI Limited has become obligated to pay Additional Tax Amounts as a result of such a change or, amendment described above and
Tax Prepayment. At any time prior to the Maturity Date, the Corporation may, upon three Business Days’ notice to the Holder, prepay, in whole but not in part, the outstanding Principal if at such time the Corporation has become or would become obligated to pay to the Holder additional material amounts pursuant to Section 2.6 hereof as a result of any unavoidable amendment or change occurring after the date of this Note in the laws or any regulations of Canada or any Canadian political subdivision or taxing authority, or of any change in an interpretation or application of such laws or regulations by any legislative body, court, governing agency, taxing authority or regulatory authority.
