Tax Event Prepayment Price definition

Tax Event Prepayment Price means a prepayment price equal to the greater of (1) 100% of the principal amount thereof or (2) the sum, as determined by a Quotation Agent, of the present values of the remaining scheduled payments of principal and interest (after giving effect to payment of accrued interest to the date of prepayment on the Debentures after the prepayment date), discounted to the prepayment date on a [semi-annual] basis at the Adjusted Treasury Rate plus basis points if prepaid on or prior to , and basis points if prepaid thereafter, plus, in any case, accrued and unpaid interest to the prepayment date.
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Tax Event Prepayment Price. Means the greater of (i) 100% of the principal amount of Junior Subordinated Debentures and (ii) an amount, determined by Xxxxxxx Xxxxx Xxxxxx Inc., equal to the sum of the present value of the principal amount and premium payable with respect to an optional redemption of the Junior Subordinated Debentures on February 1, 2007 together with scheduled payments of interest on the Junior Subordinated Debentures accruing from the prepayment date to and including February 1, 2007 discounted to the prepayment date on a semi-annual basis (assuming a 360-day year consisting of twelve thirty day months) at the Adjusted Treasury Rate plus 0.50%, plus, in each case (i) and (ii), accrued interest thereon to the date of prepayment.
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Tax Event Prepayment Price means an amount equal to (i) if a Tax Redemption occurs before February 28, 2007, the greater of (a) 100% of the principal amount of such Debentures and (b) as determined by the Quotation Agent (as defined below), the sum of the present values of the principal amount and premium payable with respect to an optional redemption of such Debentures on February 28, 2007, together with the sum of the present values of the scheduled payments of interest from the prepayment date to February 28, 2007 (the "Remaining Life"), all discounted to the prepayment date on a semi-annual basis (assuming a 360-day year consisting of 30-day months) at the Adjusted Treasury Rate (as defined below), plus, in each case, accrued interest thereon to but excluding the date of prepayment or (ii) if a Tax Redemption occurs on or after February 28, 2007, the redemption prices (expressed as percentages of principal amount) set forth under the fourth immediately preceding paragraph. With respect to a Tax Redemption occurring prior to February 28, 2007, the Corporation shall cause the Quotation Agent to provide the Trustee with written notice of the Tax Event Prepayment Price promptly after the calculation thereof.
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Examples of Tax Event Prepayment Price in a sentence

  • The Tax Event Prepayment Price shall be paid prior to 12:00 noon, New York time, on the date of such prepayment or such earlier time as the Company determines, provided that the Company shall deposit with the -------- Trustee an amount sufficient to pay the Tax Event Prepayment Price by 10:00 a.m., New York time, on the date such Tax Event Prepayment Price is to be paid.

  • Following a Tax Event, the Company shall take such action as is necessary to promptly determine the Tax Event Prepayment Price, including without limitation the appointment by the Company of a Quotation Agent.

  • If a Tax Event shall occur, the Company may, at its option, prepay the Debentures in whole (but not in part) at any time prior to ________, 2003, within 90 days after the occurrence of such Tax Event, at a prepayment price (the "Tax Event Prepayment Price") equal to 100% of the principal amount of such Debentures, plus accrued and unpaid interest thereon (including Compound Interest and Additional Interest, if any) to the date of prepayment.

  • The Company shall provide the Trustee with written notice of the Tax Event Prepayment Price promptly after the calculation thereof, which notice shall include any calculation made by the Quotation Agent in connection with the determination of the Tax Event Prepayment Price.

  • The Tax Event Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or such earlier time as the Company determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Tax Event Redemption Price by 10:00 a.m., New York time, on the date such Tax Event Prepayment Price is to be paid.

  • If a Tax Event shall occur and be continuing, the Company may at its option prepay the Securities in whole (but not in part) at any time prior to the Initial Optional Prepayment Date and within 90 days of the occurrence of such Tax Event, at the Tax Event Prepayment Price.

  • The Company shall notify the Trustee of the Tax Event Prepayment Price, as soon as practicable after the calculation thereof.


More Definitions of Tax Event Prepayment Price

Tax Event Prepayment Price means, with respect to any prepayment of the Securities pursuant to Section 14.01 hereof, an amount in cash equal to the greater of (i) 100% of the principal amount of such Securities or (ii) the sum, as determined by a Quotation Agent, of the present values of the principal amount and premium payable with respect to an optional prepayment of Securities on the Initial Optional Prepayment Date, together with scheduled payments of interest on the Securities accruing from the prepayment date to and including the Initial Optional Prepayment Date, discounted to the prepayment date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate, plus, in each case, accrued interest thereon, to the date of prepayment.
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Tax Event Prepayment Price shall have the meaning set forth in Section 3.2. 2
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Related to Tax Event Prepayment Price

  • Prepayment Price Has the meaning specified in Section 6.02(b) of the Indenture.

  • Tax Event Redemption Price means an amount equal to the unpaid principal amount of this Note to be redeemed, which shall be determined by multiplying (1) the Outstanding Principal Amount of this Note by (2) the quotient derived by dividing (A) the outstanding principal amount to be redeemed by Principal Life of the Funding Agreement by (B) the outstanding principal amount of the Funding Agreement.

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Tax Event Repayment Date means the date set out in a notice from the Issuer to the Bondholders pursuant to Clause 10.4 (Early redemption option due to a tax event).

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Tax Event Redemption means, if a Tax Event shall occur and be continuing, the redemption of the Notes, at the option of the Company, in whole but not in part, on not less than 30 days nor more than 60 days prior written notice.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Tax Event Redemption Date means the date upon which a Tax Event Redemption is to occur.

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Discount Range Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Discounted Prepayment Determination Date has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Debenture Tax Event" means a "Tax Event" as defined in the Indenture.

  • Prepayment Amount means the amount required to prepay the Annual Special Tax obligation in full for an Assessor’s Parcel as described in Section G.

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

  • Repayment Price means, when used with respect to any Security to be repaid at the option of the Holder, the price at which it is to be repaid by or pursuant to this Indenture.

  • Acceptable Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Mandatory Prepayment Event means any of the following:

  • Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.