Examples of Issuer Call in a sentence
This position is based in part on assumptions regarding the likelihood that the Issuer Call Redemption will be exercised.
If a Series of Notes is to be redeemed in part in an Issuer Call Redemption, the aggregate Principal Amount of Notes to be redeemed will be allocated among the Holders of such Series of Notes, pro rata, on the basis of the Principal Amount of each such Holder’s Notes on the applicable Call Redemption Date.
If the Notes are not CPDIs, but the Issuer Call Redemption is exercised, it would affect the amount and timing of the income that a U.S. Holder recognizes.
The Company intends to take the position that the Issuer Call Redemption will not cause the Notes to be “contingent payment debt instruments” (“CPDIs”).
This position is solely for U.S. federal income tax purposes and does not constitute a representation regarding the likelihood that the Issuer Call Redemption will be exercised.