Tax Redemption definition
Examples of Tax Redemption in a sentence
For the avoidance of doubt, the calling of any Notes for a Tax Redemption will constitute a Make-Whole Fundamental Change with respect to the Notes pursuant to clause (B) of the definition thereof.
For the avoidance of doubt, a Tax Redemption will not affect any Holder’s right to convert any Notes (and the Company’s obligation, to pay any Additional Amounts with respect to such conversion).
For the avoidance of doubt, the calling of any Notes for a Tax Redemption will constitute a Make-Whole Fundamental Change pursuant to clause (B) of the definition thereof.
For the avoidance of doubt, if the Company calls any Note for a Tax Redemption and the Redemption Date is after an Interest Record Date for an Interest Payment Date in respect of which any interest is due on such Note, and on or before such Interest Payment Date, then the Company’s obligation to pay Additional Amounts will apply to the interest payment due on such Note on such Interest Payment Date unless such Note is subject to a Tax Redemption Opt-Out Election Notice.
The Company may not redeem the Notes at its option at any time before November 20, 2028, except pursuant to a Tax Redemption.