Tax Call Event definition

Tax Call Event has the meaning ascribed to it in a Board Resolution or supplemental indenture executed pursuant to Section 3.01.
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Tax Call Event means any event after the Date of Incorporation as a consequence of which the Fund is or becomes at any time required by law to deduct or withhold, in respect of any payment under any of the Notes, any present or future taxes, levies or governmental charges, regardless of their nature, which are imposed under any applicable legal system or in any country with competent jurisdiction, or for the account of, any political subdivision thereof or government agency authorised to levy taxes. Upon the occurrence of any of those events, the Seller may repurchase all outstanding Receivables at the Final Repurchase Price. In case of a Tax Call Event, the Final Purchase Price to be paid by the Seller might not be sufficient to repay back the Notes. Such Final Repurchase Price may be, therefore, lesser than the purchase price of the Receivables paid by the Fund to the Seller in accordance with section 3.3.3 of the Additional Information. Given the Final Repurchase Price mentioned above, any potential investor in the Class F Notes should be aware that the occurrence of Clean-up Call Event may result in the Outstanding Principal Balance of Class F Notes, if any, not being redeemed in full. If the Notes are redeemed earlier than expected due to the exercise by the Fund (following instructions of the Seller) of the early redemption of such Notes (such early redemption occurring at a time when interest rates are lower than interest rates that would otherwise be applied if such early redemption had not been made or made at a different time), Noteholders may not be able to reinvest the principal in a comparable security with an effective interest rate equivalent to the interest rate on the Notes. Noteholders will bear all reinvestment risk resulting from early redemption of the Notes earlier than expected. That being said there is no guarantee that, upon the occurrence of a Clean-up Call Event and/or Tax Call Event, the Seller shall exercise the Clean-up Call Event and/or Tax Call Event and therefore shall give its written instruction to the Management Company to carry out an Early Liquidation of the Fund and an Early Redemption of the Notes. (ii) Occurrence of a Regulatory Call Event Additionally, in accordance with section 4.9.2.3 of the Securities Note, the Seller will have the option (but not the obligation) to request the Management Company to redeem on any Payment Date following the occurrence of a Regulatory Call Event the Class C Notes, the Class D Notes, the Class E ...
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Tax Call Event means any event after the Date of Incorporation as a consequence of which the Fund is or becomes at any time required by law to deduct or withhold, in respect of any payment under any of the Notes, any present or future taxes, levies or governmental charges, regardless of their nature, which are imposed under any applicable legal system or in any country with competent jurisdiction, or for the account of, any political subdivision thereof or government agency authorised to levy taxes. Clean-up Call Event can only be exercised to the extent that there are sufficient funds to repay back the Rated Notes. In order for the Seller to exercise any of the options mentioned in paragraph 1) to 2) above, the Seller and the Management Company, as applicable, shall take the following actions:
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Examples of Tax Call Event in a sentence

  • The Issuer may redeem the Capital Securities in whole (but not in part), at any time upon the occurrence of a Tax Call Event subject to the Solvency Condition being met.

  • Full details of any "yes" answers (please use additional sheet if necessary): Include such details as: date of first diagnosis; name and address of doctor; tests performed; test results; medication(s) or recommended treatment.

  • If, following a Tax Event set out in clause (ii) or (iii) of the definition of Tax Event, the Issuer gives notice to the Financial Services Authority of, and the Financial Services Authority objects to, the Issuer’s proposal to convert the Capital Securities into another series of capital securities constituting undated cumulative subordinated notes, then the Tax Event giving rise to such proposal will become a Tax Call Event.


More Definitions of Tax Call Event

Tax Call Event means if the Issuer is or becomes at any time required by law to deduct or withhold in respect of any payment under the Notes current or future taxes, levies or governmental charges, regardless of their nature, which are imposed under any applicable system of law or in any country which claims fiscal jurisdiction by, or for the account of, any political subdivision thereof or government agency therein authorised to levy taxes, the Issuer shall determine within twenty (20) calendar days of such circumstance occurring whether it would be practicable to arrange for the substitution of the Issuer in accordance with Condition 11 (Substitution of the Issuer) or to change its tax residence to another jurisdiction approved by the Transaction Security Trustee. The Transaction Security Trustee shall not give such approval unless each of the Rating Agencies has been notified in writing of such substitution or change of the tax residence of the Issuer. If the Issuer determines that any of such measures would be practicable, it shall effect such substitution in accordance with Condition 11 (Substitution of the Issuer) or (as relevant) such change of tax residence within sixty (60) calendar days from such determination. If, however, it determines within
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Tax Call Event refers to the occurrence of the circumstances described in clause (i) of the definition of Tax Event or in clauses (ii) or (iii) of such definition either (a) following the giving of notice to the Financial Services Authority of the Issuer's proposal to convert the Capital Securities into another series of capital securities constituting undated cumulative subordinated notes and the Financial Services Authority objecting to such proposal or (b) if the Issuer determines that a Tax Event applies, or would apply, to such undated cumulative subordinated notes.
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Tax Call Event means any event after the Date of Incorporation as a consequence of which the Fund is or becomes at any time required by law to deduct or withhold, in respect of any payment under any of the Notes, any present or future taxes, levies or governmental charges, regardless of their nature, which are imposed under any applicable legal system or in any country with competent jurisdiction, or for the account of, any political subdivision thereof or government agency authorised to levy taxes.
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Tax Call Event means the event, derived from changes in relevant taxation law and accounting provisions and/or regulation (or official interpretation of that taxation law and accounting provisions and/or regulation by authorities), by virtue of which the Seller has the right (but not the obligation) to instruct the Management Company to carry out an Early Liquidation of the Fund and an Early Redemption of all Notes and hence repurchase at its own discretion all outstanding Receivables, when the Fund is or becomes at any time required by law to deduct or withhold, in respect of any payment under any of the Notes, any present or future taxes, levies or governmental charges, regardless of their nature, which are imposed under any applicable legal system or in any country with competent jurisdiction, or for the account of, any political subdivision thereof or government agency authorised to levy taxes, that materially affect the allocation of benefits among the parties of the Transaction.
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Related to Tax Call Event

  • Call Event means Share Call Event. "Change in Law" means that due to

  • Index Call Event means each of the following events:

  • Share Call Event means each of the following events:

  • Qualified Termination has the meaning set forth in Section 4(b).

  • Claim Determination Period means a calendar year. However, it does not include any part of a year during which a person has no coverage under This Plan, or any part of a year before the date this COB provision or a similar provision takes effect.

  • Qualifying Period means 12 continuous Calendar Weeks during the whole or part of which the Agency Worker is supplied by one or more Temporary Work Agencies to the relevant Hirer to work temporarily for and under the supervision and direction of the relevant Hirer in the same role, and as further defined in the Schedule to these Terms;

  • Change of Control Event means the occurrence of an event or series of events whereby one or more Persons, acting together, acquire control over the Issuer and where “control” means (a) acquiring or controlling, directly or indirectly, more than fifty (50.00) per cent. of the voting shares of the Issuer, or (b) the right to, directly or indirectly, appoint or remove the whole or a majority of the directors of the board of directors of the Issuer.

  • ERISA Termination Event means (i) a “Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under such regulations), or (ii) the withdrawal of a Borrower or any of its ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in Section 4001(a) of ERISA, or (iii) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate a Plan by the PBGC or (v) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or (vi) the partial or complete withdrawal of a Borrower or any ERISA Affiliate of such Borrower from a “multiemployer plan” as defined in Section 4001(a) of ERISA.

  • Flip-in Event means a transaction in or pursuant to which any Person becomes an Acquiring Person;

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.