Definition of Tax Redemption Price

  1. Tax Redemption Price means, for any Notes to be redeemed pursuant to Section 16.01, 100% of the principal amount of such Notes, plus accrued and unpaid interest (including any Additional Amounts), if any, to, but excluding, the Tax Redemption Date (unless the Tax Redemption Date falls after a Regular Record Date but on or prior to the immediately succeeding Interest Payment Date, in which case the Tax Redemption Price will be equal to 100% of the principal amount of such Notes).

Examples of Tax Redemption Price in a sentence

  1. The Notes shall not be deemed repaid and cancelled unless and until the Trustee shall have received in the Payment Account the Early Tax Redemption Price.

Definition of Tax Redemption Price in Indenture

Tax Redemption Price means an amount in cash equal to 104.20% of the principal amount of the Debt Securities to be redeemed prior to July 23, 2005 and thereafter equal to the percentage for the principal amount of the Debt Securities that is specified below for the Tax Redemption Date plus, in each case, unpaid interest accrued thereon to the Tax Redemption Date: Tax Redemption During the 12-Month Period Beginning July 23, Percentage of Principal Amount 2005 103.360% 2006 102.520% 2007 101.680% 2008 100.840% 2009 and thereafter 100%