Redemption Tax Event has the meaning specified in Section 1110.
Redemption Tax Event means that the Company shall have received an Opinion of Counsel to the effect that, as a result of (a) any amendment to or change (including any announced prospective change) in the laws (or any regulations thereunder) of any Tax Authority, (b) any amendment to or change in an interpretation or application of such laws or regulations by any legislative body, court, governmental agency or regulatory authority (including the enactment of any legislation and the publication of any judicial decision or regulatory determination), in either case, which amendment or change is enacted, promulgated, issued or announced, or which interpretation is issued or announced, or which action is taken, on or after the date hereof, or (c) any change in the domicile or residence of the Company or the Holder thereby subjecting the parties to the tax laws of another jurisdiction, there is more than an insubstantial risk that the Company has or would become obligated to pay Additional Amounts to the Holder, and the Board concludes that (i) the Additional Amounts are or would be more than a de minimis amount and (ii) such obligation cannot be avoided by the Company taking reasonable measures available to it.
Redemption Tax Event means a Tax Event in connection with which (a) the Administrative Trustees shall have received an opinion of independent tax counsel experienced in such matters that, as a result of the Tax Event, there is more than an insubstantial risk that the Company would be precluded from deducting the interest on the Debentures for U.S. federal income tax purposes even if the Debentures were distributed to the holders of the Trust Securities in liquidation of such holders' interest in the Trust, or (b) the Administrative Trustees shall have been informed by such tax counsel that they are unable to deliver to the Trust an opinion to the effect that the holders of the Trust Preferred Securities would not recognize any income, gain or loss for U.S. federal income tax purposes if the Debentures were distributed to the holders of the Trust Securities in liquidation of such holders' interest in the Trust.
Examples of Redemption Tax Event in a sentence
The Debentures are subject to redemption, at the election of the Company, in whole (but not in part), for cash at the Redemption Price, at any time within 90 days following the occurrence and continuation of a Redemption Tax Event (as defined in the Declaration).
The Debentures are subject to redemption, at the election of the Company, in whole (but not in part), for cash at 100% of the principal amount of the Debentures to be redeemed plus accrued and unpaid interest thereon, at any time within 90 days following the occurrence and continuation of a Redemption Tax Event.
XXXX AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
During any such work on the Premises, Landlord, or its representatives, shall have the right to go upon and inspect the Premises at all reasonable times, and shall have the right to post and keep posted thereon notices such as those provided for by Section 38-22-105(2) C.R.S. (1973) or to take any further action which Landlord may deem to be proper for the protection of Landlord’s interest in the Premises.
In its appeal in Case C‑553/10 P, the Commission raises three grounds of appeal.
More Definitions of Redemption Tax Event
Redemption Tax Event shall have the meaning set forth in Annex I to the Declaration.
Redemption Tax Event means (a) any amendment to or change after March 4, 2003 (including any announced prospective change) in the laws (or any regulations thereunder) of Canada or any political subdivision or taxing authority thereof or therein, as applicable, or (b) any change in an interpretation or application of such laws or regulations after March 4, 2003 by any legislative body, court, governmental agency, taxing authority or regulatory authority (including the enactment of any legislation and the publication of any judicial decision or regulatory or administrative determination), in either case, as a result of which the Company has or would become obligated to pay Additional Amounts that are more than de minimis to the Holder of any Subordinated Debenture, and such obligations cannot be avoided by the Company taking reasonable measures available to it.
Redemption Tax Event has the meaning specified in Section 1109.
Redemption Tax Event means a Tax Event in connection with which (a) the Administrative Trustees shall have received an opinion (a "Redemption Tax Opinion") of independent tax counsel experienced in such matters that, as a result of the Tax Event, there is more than an insubstantial risk that the Debenture Issuer would be precluded from deducting the interest on the Debentures for U.S. federal income tax purposes even if the Debentures were distributed to the Holders of Securities in liquidation of such Holders' interest in the Trust as described in this paragraph 4(c), or (ii) the Administrative Trustees shall have been informed by such tax counsel that a No Recognition Opinion cannot be delivered to the Trust (each such case, a "Redemption Tax Event"), the Debenture Issuer shall have the right, upon at least 30 but not more than 60 days' notice, to redeem the Debentures in whole (but not in part) for cash within 90 days following the occurrence of such Redemption Tax Event at a Redemption Price equal to 100% of the principal amount of the Debentures so redeemed, plus any accrued and unpaid interest thereon to the date fixed for redemption and promptly following such redemption, the Securities shall be redeemed at the Redemption Price on a Pro Rata basis at $25 per Security plus accrued and unpaid distributions thereon to the date fixed for redemption; provided, however, that if at the time there is available to the Debenture Issuer or the Trust the opportunity to eliminate, within such 90 Day Period, the Redemption Tax Event by taking some Ministerial Action which has no adverse effect on the Trust, the Holders of Securities or the Debenture Issuer, the Trust or the Debenture Issuer will pursue such Ministerial Action in lieu of redemption. On the date fixed for any distribution of Debentures, upon dissolution of the Trust: (i) the Securities will no longer be deemed to be outstanding, (ii) the Depositary or its nominee, as the record Holder of the Trust Preferred Securities, will receive a registered global certificate or certificates representing the Debentures to be delivered upon such distribution and (iii) any certificates representing Securities, except for certificates representing Trust Preferred Securities held by the Depositary or its nominee, will be deemed to represent beneficial interests in Debentures having an aggregate principal amount equal to the stated liquidation amount, and bearing accrued and unpaid interest equal to accrued and unpaid Distributions, on ...
Redemption Tax Event means that the Corporation shall have delivered to the Trustee an opinion of a nationally recognized independent Canadian tax counsel to the effect that a relevant tax law change has occurred. A “relevant tax law change” is (i) any amendment to or change (including any announced prospective change) in the laws (or any regulations thereunder) of Canada or any political subdivision or taxing authority thereof or therein, as applicable, or (ii) any amendment to or change in an interpretation or application of such laws or regulations by any legislative body, court, governmental agency or regulatory authority including, for greater certainty, an assessment or reassessment of the Corporation by the Canada Customs and Revenue Agency or any federal or provincial taxation authority (and also including the enactment of any legislation and the publication of any judicial decision or regulatory determination), in either case, which amendment or change occurs after the date of the Indenture and as a result of which (assuming that such amendment or change is enacted or is applied to the Corporation) there is more than an insubstantial risk that the Corporation could be denied the deduction of interest paid or payable in respect of the Notes in computing its income for the purposes of the Income Tax Act (Canada) (the “Tax Act”) or a provincial or territorial income tax statute in Canada.
Redemption Tax Event means (a) any amendment to or change announced or to become effective after October 10, 2003 in the laws (or any regulations thereunder) of Canada or any political subdivision or taxing authority thereof or therein) or (b) any amendment to or change in any official position regarding the application or interpretation of such laws or regulations announced or to become effective after October 10, 2003 by any applicable legislative body, court, governmental agency or regulatory authority of Canada or any political subdivision or taxing authority thereof or therein, in either case, as a result of which the Company has or would become obligated to pay Additional Amounts that are more than de minimis with respect to the Debentures, and such obligations cannot be avoided by the Company taking reasonable measures available to it.
Redemption Tax Event means that the Company shall have delivered to the Trustee an opinion of a nationally recognized independent Canadian tax counsel experienced in such matters to the effect that a relevant tax law change (as defined in the next sentence) has occurred. A "relevant tax law" change is (i) any amendment to or change (including any announced prospective change) in the laws (or any regulations thereunder) of Canada or any political subdivision or taxing authority thereof or therein, as applicable, or (ii) any amendment to or change in an interpretation or application of such laws or regulations by any legislative body, court, governmental agency or regulatory authority (including the enactment of any legislation and the publication of any judicial decision or regulatory determination), in either case, which is announced or becomes effective after the date of the Indenture and as a result of which (assuming that such amendment or change is enacted or is applied to the Company), there is more than an insubstantial risk that (i) the Company could become liable to pay, on the next date on which any amount would be payable with respect to the Capital Securities, any Additional Amounts (which are more than a de minimis amount), or (ii) the Company could be denied the deduction of interest paid or payable in respect of the Capital Securities in computing its income for the purpose of the Income Tax Act or a provincial income tax statute.