Common use of Tax Event Clause in Contracts

Tax Event. (a) From and after (i) the date (the "Tax Event Date") of the occurrence of a Tax Event and (ii) the date the Company exercises such option, whichever is later (the "Option Exercise Date"), at the option of the Company, all of the Notes will cease to accrete, and cash interest shall accrue at the rate of 3.125% per annum on the restated principal amount (the "Restated Principal Amount"), equal to the Accreted Value on the Option Exercise Date, and shall be payable semiannually on July 20 and January 20 of each year (each an "Interest Payment Date") to holders of record at the close of business on July 1 or January 1 (each a "Regular Record Date") immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date.

Appears in 2 contracts

Samples: Supplemental Indenture (Masco Corp /De/), Supplemental Indenture (Masco Corp /De/)

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Tax Event. (a) From and after (i) the date (the "Tax Event Date") of Upon the occurrence of a Tax Event and Event, the Company may elect to pay interest on all the Securities in lieu of future Issue Discount at the rate of 1% per annum on a restated principal amount per $1,000 original Principal Amount at Maturity (iithe "Restated Principal Amount") equal to the Initial Accreted Principal Amount plus Issue Discount accrued through the date the Company exercises of such option, whichever is later election (the "Option Exercise Date"), at the option of the Company, all of the Notes will cease to accrete, and cash interest shall accrue at the rate of 3.125% per annum on the restated principal amount (the "Restated Principal Amount"), equal to the Accreted Value on the Option Exercise Date, ) and shall be payable semiannually pay such interest in cash semi-annually on July 20 February 8 and January 20 August 8 of each year (each an "Interest Payment Date") to holders of record at the close of business on July 1 or January 1 the 15th calendar day immediately preceding such Interest Payment Date (each each, a "Regular Record Date") immediately preceding such Interest Payment Date). Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue semi-annually from the most recent date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date.

Appears in 2 contracts

Samples: Countrywide Financial Corp, Countrywide Home Loans Inc

Tax Event. (a) From and after (i) the date (the "Tax Event Date") of the occurrence of a Tax Event (the “Tax Event Date”) and (ii) the date the Company exercises such optionthe option provided for in this paragraph 11, whichever is later (the "Option Exercise Date"), at the option of the Company, all interest in lieu of the Notes will cease to accrete, and cash interest future Original Issue Discount shall accrue at the rate of 3.1253.00% per annum on the restated a principal amount per Security (the "Restated Principal Amount"), ”) equal to the Accreted Value on Issue Price plus Original Issue Discount accrued through the Option Exercise Date, Date and shall be payable semiannually on July 20 April 3 and January 20 October 3 of each year (each an "Interest Payment Date") to holders of record at the close of business on July 1 March 19 or January 1 September 18 (each a "Regular Record Date") immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date.

Appears in 2 contracts

Samples: Indenture (CBRL Group Inc), Indenture (CBRL Group Inc)

Tax Event. (a) From and after the later of (i) the date (the "Tax Event Date") of the occurrence of a Tax Event and or (ii) the date the Company exercises such option, whichever is later option (the "Option Exercise Date"), at the option of the Company, all interest in lieu of the Notes will cease to accrete, and cash interest future Original Issue Discount shall accrue at the rate of 3.1257% per annum on the restated a principal amount per Security (the "Restated Principal Amount"), ) equal to the Accreted Value on Issue Price plus Original Issue Discount accrued through the Option Exercise Date, Date and shall be payable semiannually on July 20 June 28 and January 20 December 28 of each year (each an "Interest Payment Date") to holders of record at the close of business on July 1 June 13 or January 1 December 13 (each a "Regular Record Date") immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date.

Appears in 1 contract

Samples: Indenture (Anixter International Inc)

Tax Event. (a) From and after (i) the date (the "Tax Event Date") of the occurrence of a Tax Event and (ii) the date the Company exercises such option, whichever is later (the "Option Exercise Date"), at the option of the Company, all interest in lieu of the Notes will cease to accrete, future Original Issue Discount and regular cash interest shall accrue at the rate of 3.1253.00% per annum on the restated a principal amount per Security (the "Restated Principal Amount"), ) equal to the Accreted Value on Issue Price plus Original Issue Discount accrued through the Option Exercise Date, Date and shall be payable semiannually on July 20 August 16 and January 20 February 16 of each year (each an "Interest Payment Date") to holders Holders of record at the close of business on July August 1 or January February 1 (each a "Regular Record Date'") immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date.

Appears in 1 contract

Samples: Health Management Associates Inc

Tax Event. (a) From and after (i) the date (the "Tax Event Date") of the occurrence of a Tax Event and (ii) the date the Company exercises such option, whichever is later (the "Option Exercise Date"), at the option of the Company, all of the Notes will cease to accrete, and cash interest shall accrue at the rate of 3.1254.75% per annum on the restated principal amount (the "Restated Principal Amount"), equal to the Accreted Value on the Option Exercise Date, and shall be payable semiannually semi-annually on July February 20 and January August 20 of each year (each an "Interest Payment Date") to holders of record at the close of business on July 1 February 5 or January 1 August 5 (each a "Regular Record Date") immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date.

Appears in 1 contract

Samples: Lear Corp /De/

Tax Event. (a) From and after (i) the date (the "Tax Event Date") of the occurrence of a Tax Event and (ii) the date the Company exercises such option, whichever is later (the "Option Exercise Date"), at the option of the Company, all interest in lieu of the Notes will cease to accrete, and cash interest future Original Issue Discount shall accrue at the rate of 3.1252.375% per annum on the restated a principal amount per Security (the "Restated Principal Amount"), ) equal to the Accreted Value on Issue Price plus Original Issue Discount accrued through the Option Exercise Date, Date and shall be payable semiannually on January 22 and July 20 and January 20 22 of each year (each an "Interest Payment Date") to holders of record at the close of business on January 7 or July 1 or January 1 7 (each a "Regular Record Date") immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date.

Appears in 1 contract

Samples: Danaher Corp /De/

Tax Event. (a) From and after (i) the date (the "Tax Event Date") of the occurrence of a Tax Event and (ii) the date the Company exercises such option, whichever is later (the "Option Exercise Date"), at the option of the Company, all interest in lieu of the Notes will cease to accrete, future Original Issue Discount and regular cash interest shall accrue at the rate of 3.1255.00% per annum on the restated a principal amount per Security (the "Restated Principal Amount"), ) equal to the Accreted Value on Issue Price plus Original Issue Discount accrued through the Option Exercise Date, Date and shall be payable semiannually on July 20 June 23 and January 20 December 23 of each year (each an "Interest Payment Date") to holders Holders of record at the close of business on July 1 June 8 or January 1 December 8 (each a "Regular Record Date") immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date.

Appears in 1 contract

Samples: Universal Health Services Inc

Tax Event. (a) From and after (i) the date (the "Tax Event Date") of the occurrence of a Tax Event and (ii) the date the Company exercises such option, whichever is later (the "Option Exercise Date"), at the option of the Company, all interest in lieu of the Notes will cease to accrete, and cash interest future Original Issue Discount shall accrue at the rate of 3.1255.5% per annum on the restated a principal amount per Security (the "Restated Principal Amount"), ) equal to the Accreted Value on Issue Price plus Original Issue Discount accrued through the 108 Option Exercise Date, Date and shall be payable semiannually on July 20 February 16 and January 20 August 16 of each year (each an "Interest Payment Date") to holders of record at the close of business on July February 1 or January August 1 (each a "Regular Record Date") immediately preceding such Interest interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date.

Appears in 1 contract

Samples: Idec Pharmaceuticals Corp / De

Tax Event. (a) From and after the later of (i) the date (the "Tax Event Date") of the occurrence of a Tax Event and or (ii) the date the Company exercises such option, whichever is later option (the "Option Exercise Date"), at the option of the Company, all interest in lieu of the Notes will cease to accrete, and cash interest future Original Issue Discount shall accrue at the rate of 3.1250.50% per annum on the restated a principal amount per Security (the "Restated Principal Amount"), ) equal to the Accreted Value on Issue Price plus Original Issue Discount accrued through the Option Exercise Date, Date and shall be payable semiannually on July 20 May 7 and January 20 of November 7of each year (each an "Interest Payment Date") to holders of record at the close of business on July 1 April 21 or January 1 October 22 (each a "Regular Record Date") immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date.

Appears in 1 contract

Samples: Affiliated Managers Group Inc

Tax Event. (a) From and after (i) the date (the "Tax Event Date") of the occurrence of a Tax Event and (ii) the date the Company exercises such option, whichever is later (the "Option Exercise Date"), at the option of the Company, all interest in lieu of the Notes will cease to accrete, and cash interest future Original Issue Discount shall accrue at the rate of 3.1254% per annum on the restated a principal amount per Security (the "Restated Principal Amount"), ) equal to the Accreted Value on Issue Price plus Original Issue Discount accrued through the Option Exercise Date, Date and shall be payable semiannually on July 20 March 11 and January 20 September 11 of each year (each an "Interest Payment Date") to holders of record at the close of business on July 1 February 24 or January 1 August 27 (each a "Regular Record Date") immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date.

Appears in 1 contract

Samples: Brightpoint Inc

Tax Event. (a) From and after the later of (i) the date (the "Tax Event Date") of the occurrence of a Tax Event and or (ii) the date the Company exercises such option, whichever is later option (the "Option Exercise Date"), at the option of the Company, all interest in lieu of the Notes will cease to accrete, and cash interest future Original Issue Discount shall accrue at the rate of 3.1250.50% per annum on the restated a principal amount per Security (the "Restated Principal Amount"), ) equal to the Accreted Value on Issue Price plus Original Issue Discount accrued through the Option Exercise Date, Date and shall be payable semiannually on July 20 May 7 and January 20 November 7 of each year (each an "Interest Payment Date") to holders of record at the close of business on July 1 April 21 or January 1 October 22 (each a "Regular Record Date") immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date.

Appears in 1 contract

Samples: Affiliated Managers Group Inc

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Tax Event. (a) From and after (i) the date (the "Tax Event Date") of the occurrence of a Tax Event and (ii) the date the Company exercises such option, whichever is later (the "Option Exercise Date"), at the option of the Company, all interest in lieu of the Notes will cease to accrete, and cash interest future Original Issue Discount shall accrue at the rate of 3.1255.5% per annum on the restated a principal amount per Security (the "Restated Principal Amount"), ) equal to the Accreted Value on Issue Price plus Original Issue Discount accrued through the Option Exercise Date, Date and shall be payable semiannually on July 20 February 16 and January 20 August 16 of each year (each an "Interest Payment Date") to holders of record at the close of business on July February 1 or January August 1 (each a "Regular Record Date") immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date.

Appears in 1 contract

Samples: Idec Pharmaceuticals Corp / De

Tax Event. (a) From and after (i) the date (the "Tax Event Date") of the occurrence of a Tax Event and (ii) the date the Company exercises such option, whichever is later (the "Option Exercise Date"), at the option of the Company, all interest in lieu of the Notes will cease to accrete, and cash interest future Original Issue Discount shall accrue at the rate of 3.1252.50% per annum on the restated a principal amount per Security (the "Restated Principal Amount"), ) equal to the Accreted Value on Issue Price plus Original Issue Discount accrued through the Option Exercise Date, Date and shall be payable semiannually on July 20 November 1 and January 20 May 1 of each year (each an "Interest Payment Date") to holders of record at the close of business on July 1 October 15 or January 1 April 15 (each a "Regular Record Date") immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date.

Appears in 1 contract

Samples: Indenture (Allergan Inc)

Tax Event. (a) From and after (i) the date (the "Tax Event Date") of the occurrence of a Tax Event and (ii) the date the Company exercises such option, whichever is later (the "Option Exercise Date"), at the option of the Company, all interest in lieu of the Notes will cease to accrete, and cash interest future Original Issue Discount shall accrue at the rate of 3.1252.75% per annum on the restated a principal amount per Security (the "Restated Principal Amount"), ) equal to the Accreted Value on Issue Price plus Original Issue Discount accrued through the Option Exercise Date, Date and shall be payable semiannually on July 20 June 12 and January 20 December 12 of each year (each an "Interest Payment Date") to holders of record at the close of business on July 1 May 28 or January 1 November 27 (each a "Regular Record Date") immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date.

Appears in 1 contract

Samples: Kohls Corporation

Tax Event. (a) From and after (i) the date (the "Tax Event Date") of the occurrence of a Tax Event and (ii) the date the Company exercises such option, whichever is later (the "Option Exercise Date"), at the option of the Company, all interest in lieu of the Notes will cease to accrete, and cash interest future Original Issue Discount shall accrue at the rate of 3.1252 3/4% per annum on the restated a principal amount per Security (the "Restated Principal Amount"), ) equal to the Accreted Value on Issue Price plus Original Issue Discount accrued through the Option Exercise Date, Date and shall be payable semiannually on July 20 May 8 and January 20 November 8 of each year (each an "Interest Payment Date") to holders of record at the close of business on July 1 or January 1 April 23 and October 24 (each a "Regular Record Date") or immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date.

Appears in 1 contract

Samples: Solectron Corp

Tax Event. (a) From and after (i) the date (the "Tax Event Date") of the occurrence of a Tax Event and (ii) the date the Company exercises such option, whichever is later (the "Option Exercise Date"), at the option of the Company, all of the Notes will cease to accrete, and cash interest shall accrue at the rate of 3.1253.25% per annum on the restated principal amount (the "Restated Principal Amount"), equal to the Accreted Value on the Option Exercise Date, and shall be payable semiannually on July 20 May 11 and January 20 November 11 of each year (each an "Interest Payment Date") to holders of record at the close of business on July 1 April 27 or January 1 October 28 (each a "Regular Record Date") immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date.

Appears in 1 contract

Samples: Horton D R Inc /De/

Tax Event. (a) From At the option of the Company, from and after (i) the date (the "Tax Event Date") of the occurrence of a Tax Event and (ii) the date the Company exercises such option, whichever is later (the "Option Exercise Date"), at the option interest in lieu of the Company, all of the Notes will cease to accrete, and cash interest future Original Issue Discount shall accrue at the rate of 3.1253.00 % per annum on the restated a principal amount per Note (the "Restated Principal Amount"), ) equal to the Accreted Value on Issue Price plus Original Issue Discount accrued through the Option Exercise Date, Date and shall be payable semiannually on July 20 June 6 and January 20 December 6 of each year (each an "Interest Payment Date") to holders of record at the close of business on July 1 May 22 or January 1 November 21 (each a "Regular Record Date") immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date.

Appears in 1 contract

Samples: Aol Time Warner Inc

Tax Event. (a) From and after (i) the date (the "Tax Event Date") of the occurrence of a Tax Event and (ii) the date the Company exercises such option, whichever is later (the "Option Exercise Date"), at the option of the Company, all of the Notes will cease to accrete, and cash interest shall accrue at the rate of 3.1253.25% per annum on the restated principal amount (the "Restated Principal Amount"), equal to the Accreted Value on the Option Exercise Date, and shall be payable semiannually on July 20 May 11 and January 20 November 11 of each year (each an "Interest Payment Date") to holders of record at the close of business on July 1 April 28 or January 1 October 29 (each a "Regular Record Date") immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Option Exercise Date.

Appears in 1 contract

Samples: Eleventh Supplemental Indenture (Horton D R Inc /De/)

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