Common use of Redemption following a Tax Event Clause in Contracts

Redemption following a Tax Event. The Company may at its option redeem the Notes, in whole but not in part, for a period of 120 days following the occurrence of a Tax Event at a Redemption Price in cash equal to 100% of the principal amount of the Notes, plus (subject to Section 2.5 of this First Supplemental Indenture) accrued and unpaid interest on the Notes to, but excluding, the Redemption Date.

Appears in 3 contracts

Sources: First Supplemental Indenture (Sierra Pacific Power Co), First Supplemental Indenture (Pacificorp /Or/), First Supplemental Indenture (Nevada Power Co)