Tax Event Redemption Principal Amount definition

Tax Event Redemption Principal Amount means in the case of a Tax Event Redemption occurring prior to a successful remarketing of the Notes, for each Note the product of the principal amount of the Note and a fraction whose numerator is the Treasury Portfolio Purchase Price and whose denominator is the aggregate Stated Amount of Notes outstanding on the Tax Event Redemption Date, and in the case of a Tax Event Redemption Date occurring after the earlier of a successful remarketing of the Notes or the Stock Purchase Date, the Stated Amount of the Notes.

Tax Event Redemption Principal Amount means either (i) if the Tax Event Redemption Date occurs prior to May 17, 2004 or, in the event of Failed Initial Remarketing, prior to the Purchase Contract Settlement Date, the aggregate principal amount of the Notes which are components of Income PRIDES on the Tax Event Redemption Date or (ii) if the Tax Event Redemption Date occurs on or after May 17, 2004 or, in the event of a Failed Initial Remarketing, on or after the Purchase Contract Settlement Date, the aggregate principal amount of the Notes outstanding on such Tax Event Redemption Date.

Tax Event Redemption Principal Amount means (i) in the case of a Tax Event Redemption Date occurring prior to a successful remarketing of the Notes pursuant to the provisions of Section 5.4, the aggregate principal amount of Notes included in Normal Units on such date, and (ii) in the case of a Tax Event Redemption Date occurring after a successful remarketing of the Notes pursuant to the provisions of Section 5.4, the aggregate principal amount of the Notes.

Examples of Tax Event Redemption Principal Amount in a sentence

• Unless the Company defaults in payment of the Tax Event Redemption Principal Amount, on and after the Redemption Date, interest shall cease to accrue on the Notes, subject to Section 1106 of the Base Indenture.

• If a Tax Event occurs, the Company may, at its option, redeem all outstanding Notes in whole, but not in part, at any time at a redemption price, equal to, for each Note, the Tax Event Redemption Principal Amount plus accrued and unpaid interest, if any, on such Note to but excluding the Redemption Date (the "Redemption Price").

• In the event the Collateral Agent receives such Redemption Price, the Collateral Agent will, at the written direction of the Company, apply an amount, out of such Redemption Price, equal to the aggregate Tax Event Redemption Principal Amount with respect to the Pledged Notes to purchase from the Quotation Agent the Treasury Portfolio and promptly remit the remaining portion of such Redemption Price to the Forward Purchase Contract Agent for payment to the Holders of Upper DECS.

• The Collateral Agent shall then apply, out of the aggregate Redemption Price for the Senior Notes that are components of Upper DECS, an amount equal to the aggregate Tax Event Redemption Principal Amount for the Senior Notes that are components of Upper DECS to purchase on behalf of the Holders of Upper DECS the Treasury Portfolio and promptly remit the remaining portion, if any, of such aggregate Redemption Price to the Forward Purchase Contract Agent for payment to the Holders of such Upper DECS.

• In the event the Collateral Agent receives such Redemption Price, the Collateral Agent will, at the written direction of the Company, apply an amount, out of such Redemption Price, equal to the aggregate Tax Event Redemption Principal Amount with respect to the Pledged Notes to purchase from the Quotation Agent the Treasury Portfolio and promptly remit the remaining portion of such Redemption Price to the Forward Purchase Contract Agent for payment to the Holders of Equity Units.

More Definitions of Tax Event Redemption Principal Amount

Tax Event Redemption Principal Amount means either (i) if the Tax Event Redemption Date occurs prior to May 17, 2004 or, in the event of Failed Initial Remarketing, prior to the Forward Purchase Contract Settlement Date, the aggregate principal amount of the Notes which are components of Upper DECS on the Tax Event Redemption Date or (ii) if the Tax Event Redemption Date occurs on or after May 17, 2004 or, in the event of a Failed Initial Remarketing, on or after the Forward Purchase Contract Settlement Date, the aggregate principal amount of the Notes outstanding on such Tax Event Redemption Date.

Tax Event Redemption Principal Amount means, either:

Tax Event Redemption Principal Amount means either (i) if the Tax Event Redemption Date occurs (1) prior to February 17, 2005, (2) in the event of a Failed Initial Remarketing, prior to April 17, 2005, or (3) in the event of a Failed Secondary Remarketing, prior to the Purchase Contract Settlement Date, the aggregate principal amount of the Notes that are components of Income Equity Units on the Tax Event Redemption Date or (ii) if the Tax Event Redemption Date occurs (1) on or after February 17, 2005, (2) in the event of a Failed Initial Remarketing, on or after April 17, 2005 but prior to the Purchase Contract Settlement Date or, (3) in the event of a Failed Secondary Remarketing, on or after the Purchase Contract Settlement Date, the aggregate principal amount of the Notes outstanding on such Tax Event Redemption Date.

Tax Event Redemption Principal Amount means (i) in the case of a Tax Event Redemption Date occurring prior to a successful remarketing of the Notes pursuant to the provisions of Section 5.4, the aggregate principal amount of Notes included in Corporate Units on such date, and (ii) in the case of a Tax Event Redemption Date occurring after a successful remarketing of the Notes pursuant to the provisions of Section 5.4, the aggregate principal amount of the Notes.

Tax Event Redemption Principal Amount means the aggregate principal amount of the Notes.

Tax Event Redemption Principal Amount means (i) in the case of a Tax Event Redemption Date occurring prior to a successful remarketing of the Notes pursuant to the Purchase Contract Agreement, the aggregate principal amount of Notes included in Normal Units on such date, and

Tax Event Redemption Principal Amount means either (i) if the Tax Event Redemption Date occurs prior to the Initial Remarketing Date or, in the event that there has not been a Successful Remarketing or a Successful Subsequent Remarketing, prior to the Purchase Contract Settlement Date, the aggregate principal amount of the Senior Notes which are components of Corporate Units on the Tax Event Redemption Date or (ii) if the Tax Event Redemption Date occurs on or after the Initial Remarketing Date or, in the event that there has not been a Successful Remarketing or a Successful Subsequent Remarketing, on or after the Purchase Contract Settlement Date, the aggregate principal amount of the Senior Notes outstanding on such Tax Event Redemption Date.