Common use of Optional Tax Redemption Clause in Contracts

Optional Tax Redemption. The Company may redeem all, but not part, of the Notes of each series upon the occurrence of specified tax events described under the caption “Description of Notes—Redemption for Tax Reasons” in the prospectus supplement. Option to Elect Repayment: None. Sinking Fund: None. Guarantor: Xxxxxx Xxxxxx USA Inc. In addition to the Events of Default set forth in the Indenture, dated as of November 4, 2008 (the “Indenture”) among the Company, the Guarantor and Deutsche Bank Trust Company Americas, as and to the extent set forth under the caption “Description of Notes—Subsidiary Guarantee” in the prospectus supplement, each of the following will constitute an Event of Default (within the meaning of the Indenture) with respect to the Notes: (i) the Guarantor or a court takes certain actions relating to bankruptcy, insolvency or reorganization of the Guarantor and (ii) the Guarantor’s guarantee with respect to the Notes is determined to be unenforceable or invalid or for any reason ceases to be in full force and effect as permitted by the Indenture of the Guarantee Agreement, or the Guarantor repudiates its obligations under such guarantee. Listing: None.

Appears in 5 contracts

Samples: Terms Agreement (Altria Group, Inc.), Terms Agreement (Altria Group, Inc.), Terms Agreement (Altria Group, Inc.)

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Optional Tax Redemption. The Company may redeem all, but not part, of the Notes of each series upon the occurrence of specified tax events described under the caption “Description of Notes—Redemption for Tax Reasons” in the prospectus supplement. Option to Elect Repayment: None. Sinking Fund: None. Guarantor: Xxxxxx Xxxxxx USA Inc. In addition to the Events of Default set forth in the Indenture, dated as of November 4, 2008 (the “Indenture”) among the Company, the Guarantor and Deutsche Bank Trust Company Americas, as and to the extent set forth under the caption “Description of Notes—Subsidiary Guarantee” in the prospectus supplement, each of the following will constitute an Event of Default (within the meaning of the Indenture) with respect to each series of the Notes: (i) the Guarantor or a court takes certain actions relating to bankruptcy, insolvency or reorganization of the Guarantor Guarantor, and (ii) the Guarantor’s guarantee with respect to a series of the Notes is determined to be unenforceable or invalid or for any reason ceases to be in full force and effect as permitted by the Indenture of the Guarantee Agreement, or the Guarantor repudiates its obligations under such guarantee. Listing: None. Delayed Delivery Contracts: None.

Appears in 1 contract

Samples: Terms Agreement (Altria Group, Inc.)

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Optional Tax Redemption. The Company may redeem all, but not part, of the Notes of each series upon the occurrence of specified tax events described under the caption “Description of Notes—Redemption for Tax Reasons” in the prospectus supplement. Option to Elect Repayment: None. Sinking Fund: None. Guarantor: Xxxxxx Xxxxxx USA Inc. In addition to the Events of Default set forth in the Indenture, dated as of November 4, 2008 (the “Indenture”) among the Company, the Guarantor and Deutsche Bank Trust Company Americas, as and to the extent set forth under the caption “Description of Notes—Subsidiary Guarantee” in the prospectus supplement, each of the following will constitute an Event of Default (within the meaning of the Indenture) with respect to each series of the Notes: (i) the Guarantor or a court takes certain actions relating to bankruptcy, insolvency or reorganization of the Guarantor Guarantor, and (ii) the Guarantor’s guarantee with respect to the a series of Notes is determined to be unenforceable or invalid or for any reason ceases to be in full force and effect as permitted by the Indenture of the Guarantee Agreement, or the Guarantor repudiates its obligations under such guarantee. Listing: None. Delayed Delivery Contracts: None.

Appears in 1 contract

Samples: Terms Agreement (Altria Group, Inc.)

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