Common use of Optional Redemption Upon Tax Event Clause in Contracts

Optional Redemption Upon Tax Event. Subject to the conditions set forth in the Indenture, the Securities are subject to redemption in whole, but not in part, if a Tax Event shall occur and be continuing, at any time within 90 days following the occurrence of such Tax Event, at a Redemption Price equal to $27.27 per $27 principal amount thereof, plus accrued but unpaid interest, including Additional Payments, if any, to the Redemption Date. In lieu of the foregoing, the Company also shall have the option of causing the Securities to remain outstanding and pay Additional Sums on the Securities.

Appears in 4 contracts

Sources: Indenture (Chemed Capital Trust), Indenture (Chemed Capital Trust), Indenture (Chemed Corp)

Optional Redemption Upon Tax Event. Subject to the conditions set forth in the Indenture, the Securities are subject to redemption in whole, but not in part, if a Tax Event shall occur and be continuing, at any time within 90 days following the occurrence of such Tax Event, at a Redemption Price equal to $27.27 50 per $27 50 principal amount thereof, plus accrued but unpaid interest, including Additional Payments, if any, to the Redemption Date. In lieu of the foregoing, the Company shall also shall have the option of causing the Securities to remain outstanding and pay Additional Sums on the Securities.

Appears in 4 contracts

Sources: Indenture (Budget Group Inc), Indenture (Calpine Corp), Indenture (Calpine Capital Trust)

Optional Redemption Upon Tax Event. Subject to the conditions set forth in the Indenture, the Securities are subject to redemption in whole, but not in part, if a Tax Event shall occur and be continuing, at any time within 90 days following the occurrence of such Tax Event, at a Redemption Price equal to $27.27 50 per $27 50 principal amount thereof, plus accrued but unpaid interest, including Additional Payments, if any, to the Redemption Date. In lieu of the foregoing, the Company also shall have the option of causing the Securities to remain outstanding and pay Additional Sums on the Securities.

Appears in 3 contracts

Sources: Indenture (Continental Airlines Inc /De/), Indenture (Carriage Services Inc), Indenture (Hanover Compressor Capital Trust)