Examples of Early Tender Premium in a sentence
The Early Tender Premium is not applicable to the Any and All Tender Offer.
The consideration (excluding the Accrued Interest) payable by the Company for each $1,000 principal amount of Maximum Tender Offer Notes, validly tendered and accepted for purchase after the Early Tender Time, but at or prior to the Maximum Tender Expiration Time is referred to herein as the “Late Maximum Tender Offer Consideration.” The Late Maximum Tender Offer Consideration is equal to the Maximum Tender Total Consideration minus the Early Tender Premium.
The Company intends to take the position that the Early Tender Premium is additional consideration for the tendered Maximum Tender Offer Notes, in which case the Early Tender Premium would be treated as part of the amount paid to the U.S. Holder in respect of such Notes as provided above under “—Sale of the Notes.” Alternatively, the Early Tender Premium may be treated as a separate fee that would be subject to tax as ordinary income.
The U.S. federal income tax treatment of the receipt of the Early Tender Premium in connection with the Maximum Tender Offers by a U.S. Holder is unclear.
The last time and date for Holders to tender the Maximum Tender Offer Notes to qualify for the payment of the Maximum Tender Total Consideration, which already includes the Early Tender Premium.
U.S. Holders are urged to consult their tax advisers regarding the U.S. federal income tax treatment of the receipt of the Early Tender Premium.