Common use of Redemption for Tax Reasons Clause in Contracts

Redemption for Tax Reasons. If the Company has or will become obliged to pay Additional Amounts (as provided above under the heading “Payment of Additional Amounts”) as a result of any change in, or amendment to, the laws or regulations of the United States or any political subdivision or taxing authority thereof or therein affecting taxation, or any change in official position regarding the application or interpretation of such laws, regulations or rulings, which change or amendment becomes effective on or after the Original Issue Date, and the Company determines that such obligation cannot be avoided by the use of reasonable measures then available to the Company, the Company may, at its option, at any time, having given not less than 30 nor more than 60 days’ prior written notice to Holders, redeem, in whole, but not in part, the Notes at a redemption price equal to 100% of its principal amount, together with unpaid interest, if any, on the Notes accrued to but excluding the redemption date, provided that no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which the Company would be obliged to pay such Additional Amounts if a payment in respect to the Notes was due on such date. Prior to the transmission or publication of any notice of redemption pursuant to this paragraph, the Company shall deliver to the Trustee a certificate signed by two directors of the Company stating that the Company is entitled to effect such redemption and setting forth a statement of facts showing that the conditions precedent to the Company’s right to so redeem this Note has occurred.

Redemption for Tax Reasons. If the Company has or will become obliged to pay Additional Amounts (as provided above under the heading “Payment of Additional Amounts”) as a result of any change in, or amendment to, the laws or regulations of the United States or any political subdivision or taxing authority thereof or therein affecting taxation, or any change in official position regarding the application or interpretation of such laws, regulations or rulings, which change or amendment becomes effective on or after the Original Issue DateSeptember 11, 2015, and the Company determines that such obligation cannot be avoided by the use of reasonable measures then available to the Company, the Company may, at its option, at any time, having given giving not less than 30 nor more than 60 days’ prior written notice to Holders, redeem, in whole, but not in part, the Notes at a redemption price equal to 100% of its principal amount, together with unpaid interest, if any, on the Notes accrued to but excluding the redemption date, provided that no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which the Company would be obliged to pay such Additional Amounts if a payment in respect to the Notes was due on such date. Prior to the transmission or publication of any notice of redemption pursuant to this paragraph, the Company shall deliver to the Trustee a certificate signed by two directors of the Company stating that the Company is entitled to effect such redemption and setting forth a statement of facts showing that the conditions precedent to the Company’s right to so redeem this Note has occurred.

Redemption for Tax Reasons. If The Notes of this Series may be redeemed at the Company option of the Issuer in whole, but not in part, at any time (if this Note is not a Floating Rate Note) or on any Interest Payment Date (if this Note is a Floating Rate Note), on giving not less than 30 nor more than 60 days’ notice in accordance with Condition 11 (which notice shall be irrevocable), in accordance with paragraph (g) or (h) (as applicable) below if (i) the Issuer has or will become obliged to pay Additional Amounts (additional amounts as provided above under the heading “Payment of Additional Amounts”) or referred to in Condition 6 as a result of any change in, or amendment to, the laws or regulations of the United States The Kingdom of Denmark or any political subdivision or taxing any authority thereof or therein affecting taxationhaving power to tax, or any change in official position regarding the application or official interpretation of such laws, regulations laws or rulingsregulations, which change or amendment becomes effective on or after the Original Issue Date, Date of the first issue of Notes of this Series and the Company determines that (ii) such obligation cannot be avoided by the use of Issuer taking reasonable measures then available to the Company, the Company may, at its option, at any time, having given not less than 30 nor more than 60 days’ prior written notice to Holders, redeem, in whole, but not in part, the Notes at a redemption price equal to 100% of its principal amount, together with unpaid interest, if any, on the Notes accrued to but excluding the redemption dateit, provided that no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which the Company Issuer would be obliged to pay such Additional Amounts if additional amounts were a payment in respect to of the Notes was due on such dateof this Series then due. Prior to the transmission or publication of any notice of redemption pursuant to this paragraphparagraph (b), the Company Issuer shall deliver to the Trustee Agent a certificate signed by two directors of the Company Issuer stating that the Company Issuer is entitled to effect such redemption and setting forth a statement of facts showing that the conditions precedent to the Company’s right of the Issuer so to so redeem this Note have occurred, and an opinion of independent legal advisers of recognised standing to the effect that the Issuer has occurredor will become obliged to pay such additional amounts as a result of such change or amendment.

Redemption for Tax Reasons. If The Notes may be redeemed at the Company option of the Issuer in whole, but not in part, at any time, on giving not less than 30 nor more than 60 days’ notice in accordance with Condition 19 (Notices) (which notice shall be irrevocable), at their Early Redemption Amount (Tax), together with accrued interest, if any, if the Issuer has or will become bec ome obliged to pay Additional Amounts additional amounts on such Notes pursuant to Condition 11 (as provided above under the heading “Payment of Additional Amounts”Taxation) as a result of any change in, or amendment to, the laws (or any regulations or rulings promulgated thereunder) of the United States or any political subdivision or taxing authority thereof or therein affecting taxation, or any change in official position regarding the application or official interpretation of such laws, regulations or rulings, which change or amendment becomes effective on or after the Original Issue Datedate on which any person (including any person acting as underwriter, broker or dealer) agrees to purchase any of such Notes pursuant to their original issuance, and the Company determines that such obligation cannot be avoided by the use of Issuer taking reasonable measures then available to the Company, the Company may, at its option, at any time, having given not less than 30 nor more than 60 days’ prior written notice to Holders, redeem, in whole, but not in part, the Notes at a redemption price equal to 100% of its principal amount, together with unpaid interest, if any, on the Notes accrued to but excluding the redemption date, it; provided that no such notice notic e of redemption shall be given earlier than 90 days prior to the earliest date on which the Company Issuer would be obliged obligated to pay such Additional Amounts if additional interest were a payment in respect to of the Notes was due on such datethen due. Prior to the transmission or publication of any notice of redemption pursuant to this paragraphCondition 9, the Company Issuer shall deliver to the Trustee Fiscal Agent (A) a certificate signed by two directors an officer of the Company Issuer stating that the Company Issuer is entitled to effect such redemption and setting forth a statement of facts showing that the conditions precedent to the Company’s right of the Issuer so to so redeem this Note have occurred and (B) a legal opinion, from lawyers of recognised standing in the United States, to the effect that the Issuer has occurredor will become obligated to pay such additional amounts on such Notes pursuant to Condition 11 (Taxation) as a result of such change or amendment.

Redemption for Tax Reasons. If the Company has or will become obliged to pay Additional Amounts (as provided above under the heading ““ — Payment of Additional Amounts”) as a result of any change in, or amendment to, the laws or regulations of the United States or any political subdivision or taxing authority thereof or therein affecting taxation, or any change in official position regarding the application or interpretation of such laws, regulations or rulings, which change or amendment becomes effective on or after the Original Issue Date, and the Company determines that such obligation cannot be avoided by the use of reasonable measures then available to the Company, the Company may, at its option, at any time, having given not less than 30 nor more than 60 days’ prior written notice to Holders, redeem, in whole, but not in part, the Notes at a redemption price equal to 100% of its principal amount, together with unpaid interest, if any, on the Notes accrued to but excluding the redemption date, provided that no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which the Company would be obliged to pay such Additional Amounts if a payment in respect to the Notes was due on such date. Prior to the transmission or publication of any notice of redemption pursuant to this paragraph, the Company shall deliver to the Trustee a certificate signed by two directors of the Company stating that the Company is entitled to effect such redemption and setting forth a statement of facts showing that the conditions precedent to the Company’s right to so redeem this Note has occurred.

Redemption for Tax Reasons. If The Notes may be redeemed at the Company option of the Issuer in whole, but not in part, at any time, on giving not less than 30 nor more than 60 days' notice in accordance with Condition 19 (Notices) (which notice shall be irrevocable), at their Early Redemption Amount (Tax), together with accrued interest, if any, if the Issuer has or will become obliged to pay Additional Amounts additional amounts on such Notes pursuant to Condition 11 (as provided above under the heading “Payment of Additional Amounts”Taxation) as a result of any change in, or amendment to, the laws (or any regulations or rulings promulgated thereunder) of the United States or any political subdivision or taxing authority thereof or therein affecting taxation, or any change in official position regarding the application or official interpretation of such laws, regulations or rulings, which change or amendment becomes effective on or after the Original Issue Datedate on which any person (including any person acting as underwriter, broker or dealer) agrees to purchase any of such Notes pursuant to their original issuance, and the Company determines that such obligation cannot be avoided by the use of Issuer taking reasonable measures then available to the Company, the Company may, at its option, at any time, having given not less than 30 nor more than 60 days’ prior written notice to Holders, redeem, in whole, but not in part, the Notes at a redemption price equal to 100% of its principal amount, together with unpaid interest, if any, on the Notes accrued to but excluding the redemption date, it; provided that no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which the Company Issuer would be obliged obligated to pay such Additional Amounts if additional interest were a payment in respect to of the Notes was due on such datethen due. Prior to the transmission or publication of any notice of redemption pursuant to this paragraphCondition 9, the Company Issuer shall deliver to the Trustee Fiscal Agent (A) a certificate signed by two directors an officer of the Company Issuer stating that the Company Issuer is entitled to effect such redemption and setting forth a statement of facts showing that the conditions precedent to the Company’s right of the Issuer so to so redeem this Note have occurred and (B) a legal opinion, from lawyers of recognised standing in the United States, to the effect that the Issuer has occurredor will become obligated to pay such additional amounts on such Notes pursuant to Condition 11 (Taxation) as a result of such change or amendment.

Redemption for Tax Reasons. If the Company has or will become obliged to pay Additional Amounts (as provided above under the heading “Payment of Additional Amounts”) as a result of any change in, or amendment to, the laws or regulations of the United States or any political subdivision or taxing authority thereof or therein affecting taxation, or any change in official position regarding the application or interpretation of such laws, regulations or rulings, which change or amendment becomes effective on or after the Original Issue DateDecember 14, 2015, and the Company determines that such obligation cannot be avoided by the use of reasonable measures then available to the Company, the Company may, at its option, at any time, having given giving not less than 30 nor more than 60 days’ prior written notice to Holders, redeem, in whole, but not in part, the Notes at a redemption price equal to 100% of its principal amount, together with unpaid interest, if any, on the Notes accrued to but excluding the redemption date, provided that no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which the Company would be obliged to pay such Additional Amounts if a payment in respect to the Notes was due on such date. Prior to the transmission or publication of any notice of redemption pursuant to this paragraph, the Company shall deliver to the Trustee a certificate signed by two directors of the Company stating that the Company is entitled to effect such redemption and setting forth a statement of facts showing that the conditions precedent to the Company’s right to so redeem this Note has occurred.