Note Tax Event definition

Note Tax Event means, at any time, the introduction of a new, or any change in, home jurisdiction or foreign tax statute, treaty, regulation, rule, ruling, practice, procedure or judicial decision or interpretation (whether proposed, temporary or final) which results in (or would on the next Payment Date result in) any payment on the Notes of any Class becoming properly subject to any withholding tax or deduction on account of tax.

Note Tax Event means, at any time, the introduction of a new, or any change in, any home jurisdiction or foreign tax statute, treaty, regulation, rule, ruling, practice, procedure or judicial decision or interpretation (whether proposed, temporary or final) which results in (or would on the next Payment Date result in) any payment of principal or interest on the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes, the Class E Notes and/or the Class F Subordinated Notes (other than a payment in respect of Deferred Interest) becoming properly subject to any withholding tax.

Note Tax Event means the occurrence of any of the following events (or such event of condition which with notice or lapse of time or both would constitute any of the following events):

Examples of Note Tax Event in a sentence

• The imposition of VAT in Ireland on the Collateral Management Fees will not constitute a Note Tax Event or a Collateral Tax Event.

• If the United Kingdom imposed tax on the net income or profits of the Issuer, this could in certain circumstances constitute a Note Tax Event.

• Furthermore, any requirement to deduct or withhold such withholding tax would not result in the occurrence of a Note Tax Event pursuant to which the Notes may be subject to early redemption in the manner described in Condition 7(g) (Redemption Following Note Tax Event).

• Imposition of the DPT by the United Kingdom tax authorities in these circumstances may also give rise to a Note Tax Event.

• Following the occurrence of a Note Tax Event the Notes shall also be redeemed on any Business Day in whole but not in part at the written direction of (x) the Controlling Class (acting by way of an Extraordinary Resolution) or (y) the Subordinated Noteholders (acting by way of an Ordinary Resolution).

More Definitions of Note Tax Event

Note Tax Event means, at any time, (i) the introduction of a new, or any change in, any home jurisdiction or foreign tax statute, treaty, regulation, rule, ruling, practice, procedure or judicial decision or interpretation (whether proposed, temporary or final) which results in (or would on the next Payment Date result in) any payment of principal or interest on the Class A Notes, the Class B Notes and/or the Class S Notes becoming properly subject to any withholding tax; or (ii) United Kingdom tax authorities impose net income, profits or similar tax upon the Issuer.

Note Tax Event means, at any time, the introduction of a new, or any change in, any tax statute, treaty, regulation, rule, ruling, practice, procedure, tax authority guidance or judicial decision or interpretation (whether proposed, temporary or final) which results in (or would on the next Payment Date result in) any payment of principal or interest on the Notes, or any payment from a Hedge Counterparty to the Issuer under a Hedge Agreement, becoming subject to any withholding tax other than:

Note Tax Event means, at any time:

Note Tax Event means either,

Note Tax Event means a "Tax Event" as defined in the Indenture.

Note Tax Event means, at any time, (a) the introduction of a new, or any change in, any home jurisdiction or foreign tax statute, treaty, regulation, rule, ruling, practice, procedure or judicial decision or interpretation (whether proposed, temporary or final) which results in (or would on the next Payment Date result in) any payment of principal or interest on the Notes becoming subject to any withholding tax or (b) net income, profits or similar tax being imposed upon the Issuer by the state or federal tax authorities of any jurisdiction which is not the jurisdiction of incorporation of the Issuer, including, without limitation the United States or the United Kingdom.

Note Tax Event means, at any time, the introduction of a new, or any change in, home jurisdiction or foreign tax statute, treaty, regulation, rule, ruling, practice, procedure or judicial decision or interpretation (whether proposed, temporary or final) which results in (or would on the next Payment Date result in) any payment on the Notes of any Class becoming properly subject to any withholding tax or deduction on account of tax in circumstances in which the Issuer would be required to use reasonable endeavours to arrange for the substitution of a company incorporated in another jurisdiction as the principal obligor under the Notes pursuant to Condition 9 (Taxation).