Debenture Tax Event" definition
Debenture Tax Event" means a "Tax Event" as defined in the Indenture.
Debenture Tax Event" means a “Tax Event” as specified in Section 1.1 of the Indenture.
Debenture Tax Event" means a "TAX EVENT" as defined in the Indenture.
More Definitions of Debenture Tax Event"
Debenture Tax Event" means that the Company shall have requested and received an opinion of nationally recognized independent tax counsel experienced in these matters to the effect that there has been: (i) an amendment to, change in or announced proposed change in the laws, or any regulations under those laws of the United States or any political subdivision or taxing authority of that jurisdiction; (ii) a judicial decision interpreting, applying, or clarifying these laws or regulations; (iii) an administrative pronouncement or action that represents an official position, including a clarification of an official position, of the governmental authority or regulatory body making the administrative pronouncement or taking any action; or (iv) a threatened challenge asserted in connection with an audit of the Company or any of its subsidiaries, Asset Trust, or Capital Trust, or a threatened challenge asserted in writing against any other taxpayer that has raised capital through the issuance of securities that are substantially similar to the Debentures, the Asset Trust Preferred Securities or the Capital Trust Preferred Securities, which amendment or change is adopted or which proposed change, decision or pronouncement is announced or which action, clarification or challenge occurs on or after the date of the Offering Memorandum (collectively a "Tax Event"), which Tax Event relates to any of the items described in (a) through (c) below, and that following the occurrence of any Tax Event there is more than an insubstantial risk that: (a) Asset Trust is, or will be, subject to United States Federal income tax with respect to income accrued or received on the Debentures; (b) Asset Trust is, or will be, subject to more than a minimal amount of other taxes, duties or other governmental charges; or (c) interest payable by the Company with respect to the Debentures is not, or will not be, deductible by the Company for United States Federal income tax purposes.
Debenture Tax Event" means a "Tax Event" as defined in the Indenture. "Debenture Trustee" means the Person identified as the "Trustee" in the Indenture, solely in its capacity as Trustee pursuant to the Indenture and not in its individual capacity, or its successor in interest in such capacity, or any successor Trustee appointed as provided in the Indenture.
Debenture Tax Event" means the receipt by the Depositor and the Trust of an Opinion of Counsel to the effect that, as a result of: