Common use of Additional Payments and Right of Redemption upon the Occurrence of a Tax Event Clause in Contracts

Additional Payments and Right of Redemption upon the Occurrence of a Tax Event. The Company will pay to any Holder who is a resident of the United States (for the purposes of The Canada-United States Tax Convention (1980)) such additional amounts (the “Additional Tax Amount”) as may be necessary in order that every net payment of the principal of and interest on the Securities of this series and any other amounts payable on such Securities, after withholding for or on account of any present or future tax, assessment or governmental charge imposed upon such payment by Canada, will not be less than the amount provided for in such Securities to be then due and payable. The Company will not, however, be required to make any payment of Additional Tax Amounts to any beneficial owner for or on account of:

Appears in 5 contracts

Samples: Canadian Imperial Bank of Commerce /Can/, Canadian Imperial Bank of Commerce /Can/, Canadian Imperial Bank of Commerce /Can/

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Additional Payments and Right of Redemption upon the Occurrence of a Tax Event. The Company will pay to any Holder who is a resident of the United States (for the purposes of The Canada-United States Tax Convention (1980)) such additional amounts (the “Additional Tax Amount”) as may be necessary in order that every net payment of the principal of and interest on the Securities of this series and any other amounts payable on such Securities, after withholding for or on account of any present or future tax, assessment or governmental charge imposed upon such payment by Canada, will not be less than the amount provided for in such Securities to be then due and payable. The Company will not, however, be required to make any payment of Additional Tax Amounts to any beneficial owner for or on account of:

Appears in 3 contracts

Samples: Canadian Imperial Bank of Commerce /Can/, Canadian Imperial Bank of Commerce /Can/, Canadian Imperial Bank of Commerce /Can/

Additional Payments and Right of Redemption upon the Occurrence of a Tax Event. The Company will pay to any Holder who is a resident of the United States (for the purposes of The Canada-United States Tax Convention (1980)) such additional amounts (the "Additional Tax Amount") as may be necessary in order that every net payment of the principal of and interest on the Securities of this series and any other amounts payable on such Securities, after withholding for or on account of any present or future tax, assessment or governmental charge imposed upon such payment by Canada, will not be less than the amount provided for in such Securities to be then due and payable. The Company will not, however, be required to make any payment of Additional Tax Amounts Amount to any beneficial owner for or on account of:

Appears in 2 contracts

Samples: Canadian Imperial Bank of Commerce /Can/, Canadian Imperial Bank of Commerce /Can/

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Additional Payments and Right of Redemption upon the Occurrence of a Tax Event. The Company will pay to any Holder who is a resident of the United States (for the purposes of The Canada-United States Tax Convention (1980)) such additional amounts (the "Additional Tax Amount") as may be necessary in order that every net payment of the principal of and interest on the Securities of this series and any other amounts payable on such Securities, after withholding for or on account of any present or future tax, assessment or governmental charge imposed upon such payment by Canada, will not be less than the amount provided for in such Securities to be then due and payable. The Company will not, however, be required to make any payment of Additional Tax Amounts to any beneficial owner for or on account of:

Appears in 2 contracts

Samples: Canadian Imperial Bank of Commerce /Can/, Canadian Imperial Bank of Commerce /Can/

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