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.
Tax Event Redemption Price means an amount equal to the unpaid principal amount of this Note to be redeemed. The unpaid principal amount of this Note to be redeemed 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 Protective Life of the Funding Agreement by (B) the outstanding principal amount of the Funding Agreement.
Tax Event Redemption Price means the redemption price equal to the Tax Event Prepayment Price upon an optional prepayment by the Debenture Issuer of the Debentures upon the occurrence and continuation of a Tax Event.
Examples of Tax Event Redemption Price in a sentence
If (1) a Tax Event (defined below) as to the relevant Funding Agreement occurs and (2) Hartford Life elects to redeem the Funding Agreement in whole or in part, the Trust will redeem this Note, subject to the terms and conditions of SECTION 2.04 of the Indenture, at the Tax Event Redemption Price (defined below) together with unpaid interest accrued thereon to the applicable redemption date.
The Maturity Redemption Price, the Tax Event Redemption Price and the Optional Redemption Price are referred to collectively as the "Redemption Price" and the date fixed for redemption of the Securities is referred to herein as the "Redemption Date".
The following discusses some of these differences and related issues.
The Tax Event Redemption Price shall be paid prior to 12:00 noon, New York time, on the date of such redemption or at such earlier time as the Company determines and specifies in the notice of redemption, provided the Company shall deposit with the Trustee an amount sufficient to pay the Tax Event Redemption Price by 11:00 a.m. on the date such Tax Event Redemption Price is to be paid.
The submission shall be considered invalid (CAT-IV) if any major deviation from tender drawings and specifications is found.
More Definitions of Tax Event Redemption Price
Tax Event Redemption Price means the redemption price equal to the Tax Event Prepayment Price upon an optional prepayment by the Debenture Issuer of the Debentures upon the occurrence and continuation of a Tax Event. If an Investment Company Event (as hereinafter defined) shall occur and be continuing, the Sponsor shall cause the Regular Trustees to liquidate the Trust and cause the Debentures to be distributed to the Holders of the Securities in liquidation of the Trust within 90 days following the occurrence of such Investment Company Event.
Tax Event Redemption Price means a price equal to [the greater of (i)] 100% of the Liquidation Amount of Securities to be redeemed [or (ii) the sum, as determined by a Quotation Agent (as defined in the Indenture), of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date on a _________ basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate (as defined in the Indenture), plus, in each case, accumulated and unpaid Distributions thereon, if any, to the date of such redemption].
Tax Event Redemption Price means (i) in relation to any redemption of a Preferred Security pursuant to a Tax Event, other than a Withholding Tax Event or a Change in Law Tax Event, prior to the First Optional Redemption Date, the higher of the Optional Redemption Price and the Make Whole Amount, and (ii) in relation to any other redemption of a Preferred Security pursuant to a Tax Event (including, for the avoidance of doubt, at any time pursuant to a Withholding Tax Event or a Change in Law Tax Event), the Optional Redemption Price;
Tax Event Redemption Price means, with respect to a redemption of Securities, a price equal to the greater of (i) 100% of the principal of a Like Amount of Debentures to be prepaid or (ii) the sum, as determined by a Quotation Agent (as defined in the Indenture), of the present values of the principal amount and premium payable with respect to an optional prepayment of a Like Amount of the Debentures on the Initial Optional Redemption Date, together with scheduled payments of interest on the Debentures accruing from the prepayment date to and including the Initial Optional Redemption 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 (as defined in the Indenture), plus, in each case, accrued Distributions thereon, to the date of redemption.
Tax Event Redemption Price means the Tax Event Make-Whole Amount.
Tax Event Redemption Price means the (i) the sum of the present values of all future dividend payments due on a share of this Class (rounded to the nearest whole cent per share), discounted on a quarterly basis at the "Redemption Discount Rate" to the dividend payment date immediately preceding the redemption date, plus (ii) any accrued but unpaid dividends up to and including the redemption date. Redemption Discount Rate shall equal the Benchmark Treasury Rate plus 95 basis points (converted to a quarterly equivalent). Prior to August 15, 2004, the Benchmark Treasury Rate shall equal the yield to maturity of the 71/4% U.S. Treasury Note due August 2004 on the redemption date. On that date and thereafter, the Benchmark Treasury Rate shall equal the yield to maturity of the "1 Year CMT."
Tax Event Redemption Price means, with respect to any redemption of the Securities pursuant to Section 14.01 hereof, an amount in cash equal to the greater of (i) 100% of the principal amount to be redeemed or (ii) the sum, as determined by a Quotation Agent, of the present values of the remaining scheduled payments of principal and interest on the Securities to the Maturity Date, together with scheduled payments of interest on the Securities from the redemption date to and including the Initial Optional Redemption Date, discounted to the redemption 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, any accrued and unpaid interest thereon, including Compounded Interest and Additional Interest, if any, to the date of such redemption.